Second hand car prices
 

I read yesterday in the Telegraph [on line] that due to the scrappage scheme

the price of second hand cars are rising.

Quote from Ian Johnstone [Telgraph correspondent]

The price of a 2006 Land Rover Discovery 2.7 with 30,000 miles on the clock has gone up by about £3,400 since January to £20,000, while a four-door VW Passat 2.0 has gone up by about £1,300 and a Ford Focus 1.6 Zetec has risen by £925.

Normally second-hand cars steadily lose value by about 15 per cent a year, but CAP Motor Research said this trend had been reversed due to a shortage of supply caused by the government's scrappage scheme and a decision by many firms to delay replacing company cars. [unquote].


So, does this mean that maybe the 75 is keeping/rising in its value..

Dave T

This is just nonsense put about by the trade to try to justify increasing their prices, needs to be taken with a very large dose of salt! :D

The "swappage sceme" will NOT be used much due to the simple fact that people are not so willing to get into debt now.. And the HP Companies are far less willing to lend money.. :shrug:
.

The BBC had a thing on this as well. They toured around a few used car dealers and auctions, and seemed to confirm that prices have risen due to an acute shortage of used cars, plus manufacturers have over reduced production of new vehicles and there's a now an order backlog. Quentin "woshisname" (BBCs car expert!) was interviewed and confirmed the same - mind you, I'd count my fingers afterwards if ever I shook hands with him!

And no doubt if you tried to trade in your car, it would have suffered from higher depreciation because of the current financial climate, even though the car you were trying to buy had increased in value

Or am I just being cynical :D

Mark

I don't think so! car dealers are a right crafty bunch, anything to make a few more bucks out of punters and they'll be on it!

The buyer is always in total control, if you are not prepared to pay a certain price, there is nothing a seller can do about it, if they want to sell they will have to reduce price, otherwise I just walk away, remember there will be 1000's of the same car you are looking at.!!

Are 75 prices going up?
 

Just been looking on Auto trader. Is it me or have Rover 75 average prices risen?

Only if your buying,I bet trade-in allowances are still on the floor :lol:

I asked the same question last week John.

General opinion is that its all a plot to charge more for used cars.

http://www.the75andztclub.co.uk/foru...012#post386012

Dave T

:D sounds about right :D