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A 57 could be 1 September or 28 February - as this is 6 months I expect there to be a difference. In my case 6 months is 8-9,000 miles.
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When I was in the trade in the days of one reg number change a year, we took more notice of the year than the reg.
Buying a car in January was definitely worthwhile then.
The only cars we sold in December were for Christmas presents.
"Can you put a bow round that Renualt 5?"
"Certainly, sir, we keep the ribbon in stock."
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>A 57 could be 1 September or 28 February
When it comes to trade-in time, I would have expected that Glass's ball-park figure would be adjusted somewhat to take account of this effect - and of course the accumulated mileage will do that anyway to some degree? I recall making the point when 'helping' my daughter to buy used a few years ago, that the car was first-reg in December and that they shouldn't expect a February price for it.
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At the moment, Glasses and CAP are next to useless. With the changes in the market on a weekly basis, they are to far behind to make an accurate guide.
Only a dealers nose will do at this time.
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A Second hand dealer near me, has suddenly dramatically reduced his stock. (he was in the late model market mix of popular to prestige) Hes moved them around the forecourt and spaced them out to make it look full, but I reckon 30% of the stock suddenly went in two weeks.
Probably punted to auction to fill a cash flow hole.
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A lot of people don't understand how the registration works!
Some will assume that 58 means 2008 registered. In fact, I find this method quite odd.
08 & 58 should begin and end by 2008 itself.
For me it hardly matters though.
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I think it's a factor that may have an effect. It would be an emotional effect not a rational effect, but buyers can be swayed by their emotions. If I were advertising a 2008/57 car I might make a point to highlight the 2008 part more than the 57. Obviously it's not going to give me an edge over a 2008/08 or 2008/59, but in some people's minds (possibly including my own) I expect it would appeal over a 2007/57. I've no idea whether the premium I'd consider paying is anywhere near what Glass's Guide says I ought to be happy with though.
I currently have an X reg car (that's Sep 2000 - Feb 2001) that dates from Dec 2000. If and when I come to sell it, I may well consider advertising it as X reg without mentioning the year. Saying 2000/X explicitly only highlights the fact that it's on the old side of X. It might be better to wait until the buyer is already excited enough about the car to ask the question before revealing that. Obviously important not to look like you're hiding things - it's all in the presentation.
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I think it's a factor that may have an effect. It would be an emotional effect not a rational effect, but buyers can be swayed by their emotions.
Agree with you. Not sure if I'd pay extra for a Jan car rather than Dec (discounting mileage), but on face value would be likely to view (and potentially buy) the Jan car before the Dec one. Thus, 'easier to sell' rather than 'worth more' if you get my meaning (emotional vs rational).
Edited by adam.mt on 03/12/2008 at 12:29
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Surely it's a good selling point at least? If you're advertising a '2009' car it looks more immedaitely appealing than a '2008' car - even if you qualify both with the same '58' on an ad.
It could also be a few months younger & have missed the nastiest part of winter: salty roads, lots of cold stop/starts, short journeys around Xmas time etc. - rational reasons (for me anyway & all other things being equal) to pay a few bob more for a '2009' car.
Many people also check AT car search with a 'year/years old' search (although I'm not sure whether/how it distinguishes a year change on same plate) so '2009' might ping up first in a list.
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Many people also check AT car search with a 'year/years old' search (although I'm not sure whether/how it distinguishes a year change on same plate) so '2009' might ping up first in a list.
Well every single ad seems to have an actual year (e.g. 2008) stated up front so maybe you are required to provide that when you post the ad. On the other hand the registration number (57, 08 or 58 for 2008) seems to be a bit more optional. Searching for "up to 5 years old" there are lots of "2003" cars. Some are 52 (actually nearly six years old now), some 03 and some 53. So presumably if you are trying to sell a 2002/52 and I am searching for up to 5 years old, I won't even see your ad.
I guess if you repeat the same search in a month (i.e. next year) the oldest you'd see would be a 2004/53.
Edited by GJD on 03/12/2008 at 13:07
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I am looking at nearly new Vectra . I cannot find any cheap 08 plates in the North East except for life models.
Main Dealers have had 57 registered mid Feb 08 for bargain prices which nearly match supermarkets outside the area.
I am not interested and will hold on for a 08 plate as to me it makes a difference to me seeing the 08 plate.
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Maybe my statement was too much of a generalisation ref the 2008 v 2009 reg.
On a budget new car like the Aygo a Dec 2008/08 or a Jan 2009/08 reg will only make a difference of £150 (looking at 07/57 v 08/57 in glass,s).
Obviously on the bigger more expensive stuff then the difference may be critical to doing a deal now rather then January.
Hope this clarify's
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