Car values in 2023

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This is obviously USA based and follows mainly high end 'SUV's' . But it surely must be happening here ? or will soon ?


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This is obviously USA based and follows mainly high end 'SUV's' . But it surely must be happening here ? or will soon ?


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The best selling new " cars " AKA passenger vehicles in the USA for many years were Ford and General Motors pickup trucks-don't know if this is still the case or not ? https://www.jdpower.com/automotive-...-best-selling-truck-for-46th-consecutive-year

:dk:
 
Had reason to check the value of a couple of my cars recently - checking market value for insurance purposes - and the swing in recent months appears to have been hard and fast on the cars I checked.

In fact one of them is probably almost down to where it might have been had the used car price bubble never happened. I didn’t use WBAC or similar, just looked at asking prices or cars for sale.

Bad enough as an individual, but it must have been a very difficult quarter (or two) for dealers holding stock of similar cars.
Huh?

So the bubble’s burst and values are where they were in ‘20 or ‘21. …

So owner’s haven’t seen anything like the depreciation they would normally have seen over those 2-3 years

Pass the Bolly, boys…

We’ve not lost money and our next car is more affordable than it was 12 or 24 months ago. With more choice, too !

Dealers? “Don’t cry for me, Argentina!” The truth is, a dealer makes money all the time… it’s turnover that makes profit, not holding stock.
 
Huh?

So the bubble’s burst and values are where they were in ‘20 or ‘21. …
One car being back to where it might have been isn’t the same as the bubble bursting, but is indicative that it’s more than just a softening of the market.
 
Yes, a £55k coupe sells for £16+k eight years later. 70% depreciation, or two thirds if you will.

Where's the surprise in that? it's nowt to do with taxes. it's usage, depreciation and fashion.

I bought a seven year old CL500 not so long ago. £105k new, less 80% depreciation. Normal, really.

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Hi , as I have said before , what a car,
 

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