Used Car market

[spyinthesky]

Any one out there in the trade?

 

Possibly looking to change my car and assumed that, due to the recession, prices for used cars would be on the slide

 

However read an article recently which said that prices had hardened due to a combination of lack of supply and people not buying so many new cars

[sotonjoe]

prices are on the up. definitely up on this time last year.

[StDunko]

Unfortunately during periods of recession people do not go out and buy new cars. Therefore there is an increase in demand for second hand cars that have already depreciated. Hence the second hand market remains buoyant.

 

The classic car market is also on the up as people are seeing greater returns on "investment motors" than they would by letting their money sit in a bank account and accumulate very little interest.

[CHAPEL END CHARLIE]

I do know that the car you want to trade-in is always suffering from a very bad case of "no one wants these anymore mate" while there will invariably be a long list of punters allegedly trying to buy the motor you are after.

 

At least that's the same old story every car dealer I've ever known keep telling me.