Used car sales - good time to buy - Bobbin Threadbare

Just having a read of Parkers' website. They've got a couple of articles about used cars; apparently prices dropped around 5% during last month. They've done another piece about how it's a good time to get an 07 plate vehicle. I agree with what they're saying (from looking on Autotrader and scouting out dealerships) and it tempts me to persuade Mr B to trade in his car this summer and not next. I know some people have talked about recent purchases - do you reckon you got a cheaper deal, or possibly a better deal equivalently than buying last winter, for example?

Linkage! www.parkers.co.uk/News/News/Used-car-values-fall/

www.parkers.co.uk/News/News/2007-plate-bargains/

Used car sales - good time to buy - unthrottled

My mother bought a car last month (08 plate)and got no discount at all. As ever, it depends on the model you are trying to buy and if demand for that model is higher than the number available. Then you'll have 1.6 Zetec Foci/Focuses(!) languishing on forecourts for a fraction of their original listed price. I'm not sure the market average gives any insight into the fortunes an individual model.

People are really keen on the cheap tax disk cars so prices on the group C and under cars are very high. Not sure that fifty quid a year makes a huge difference to the ~£5000 the average motorist spends on motoring p.a., but people sure notice it!

In spite of what they say about falling prices, I think that in tough times second hand prices should be quite buoyant since people who would normally be looking at new cars are forced to either keep their existing car (reduces supply) or look at used cars (increases demand). Prices in autotrader seem pretty stable.

I think Parkers prices are a bit optimistic at the best of times!

Edited by unthrottled on 11/07/2011 at 23:38

Used car sales - good time to buy - SteveLee

Used car prices have rocketed in the last two years, the manufacturers used the scrappage scheme as an excuse to put RRPs up £2+K and they haven't dropped since because of the crash the pound's value. The recession slowed down company car sales so there are fewer 2-3 year old cars coming onto the market firming s/h prices further. You can get good deals on new cars, but the £5K-£8K range buys you much less car than it did two years ago.

Used car sales - good time to buy - jamie745

I think the scrappage scheme was a bad move by the previous Government because even though it did aid new car sales it did take 200,000 perfectly usable servicable drivable sellable cars off of the used market and out of circulation which had a knock on effect to surging prices there after, its levelling off now as some of the cars bought new as part of the scrappage scheme are now filtering down into the used market.

I think it is a good time to buy but it depends on what car you want. Something economical, small, diesel with a low tax group retains the stiffest price with little room for discounting. But on the flip side some bigger petrol cars with high tax bills can be had cheap as chips as private sellers and dealers just want to get rid of them and alot of buyers are put off by high fuel/tax bills. Like my Jag for instance, yes its £460 a year to tax and no its not the most economical car in the World (ive encountered worse economy in smaller engines mind) but its alot of car for a relativley low purchase price as they just want rid of them. I couldve spent the same on a slightly newer high mileage Diesel Focus with less than half the VED price but i wouldnt change the decision i made. But i dont do that many miles, if i did 15-20k a year obviously this purchase wouldnt of been viable.

As ever, it depends on supply and demand.

Used car sales - good time to buy - renorti

yes values are down,wait a bit though as stock in most garages bought at high prices,end of august be good as prices will drop ,as used car dealers are starting to struggle to sell,8 have gone under in south wales in the last month.