Car values in 2023

[Petrol Pete]

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

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[grober]

Ferrari 330 LM / 250 GTO Sells For Record $51.7 Million At Auction

The unique Ferrari is the only 250 GTO to have been raced by the Italian company's own race team, and began life as a 330 LM.

www.forbes.com

 

[grober]

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

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

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

 

[MikeInWimbledon]

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.

 

[Dippo]

Long term hit to EV values expected by many dealers

The government’s move to stretch the electrification deadline to 2035 for new car sales will cause long-term volatility in the prices of electric cars, many dealers fear.

www.am-online.com

 

[Bobby Dazzler]

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.

 

[Petrol Pete]

Long term hit to EV values expected by many dealers

The government’s move to stretch the electrification deadline to 2035 for new car sales will cause long-term volatility in the prices of electric cars, many dealers fear.

www.am-online.com

Just watch this deadline whizz past year after year , after year , after year..........

 

[Fastcar155]

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.

View attachment 145974

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