The untouchables

[crockers]

Interesting article in today's Autoexpress (pg 60)about the cars the dealers DON'T want as trade ins

All 4x4s - I expected that but what surprised me was

Porsche Boxster
BMW 3 series coupe 320se


even the humble Honda Accord -- diesel ok petrol not wanted..

I reckon some fantastic bargains to be had .......

 

[wemorgan]

Interesting, did they say why? I had always thought the Boxster was in high demand, hence their high prices.

 

[crockers]

Interesting, did they say why? I had always thought the Boxster was in high demand, hence their high prices.

Check them out in autotrader -- I just have and am surprised at the value ...

I dread to find out the value of my car now......

 

[wemorgan]

Yeah, cheaper than I originally thought:

1997 2.5 £6.5
2000 3.2S £8.5

 

[davidjpowell]

only bonus is replacement car should also be cheaper....

 

[moneyman]

I have to say that I think that my car is now one of the untouchables. Looked at a possible deal the other week on a used SL500. Sales guy offered me £13k for mine against it then told me they would probally retail it at £22 - £23k but they may have it in stock for some time hence the p/x value. My response was that I was not paying for them to stock the car!! So have decided to keep the car until the end of the HP agreement when I shall happilly hand it back to the finance company for their GFV.

 

[Rose Chap]

Yeah, cheaper than I originally thought:

1997 2.5 £6.5
2000 3.2S £8.5

A good friend of mine will be devastated. He paid £19K for a mint 2000 3.2S 18 months ago. Maybe I should make him an offer?

 

[Seamster15]

A good friend of mine will be devastated. He paid £19K for a mint 2000 3.2S 18 months ago. Maybe I should make him an offer?

There cheaper than they were but not that cheap. I sold my rather high mileage 3.2s In July for way more than 8.5k. Now its winter, look more around the 10k mark. There are many reasons that the early models go cheaper......

Simon

 

[Satch]

Large petrol engined 4x4's are in current economic climate simply not wanted by the general public. So why would any trader be expected to take them in unless there was some prospect of an upside?

More chance of a Government sponsored 4x4 owners bail out.

In the new market things are dire. Motorpoint are for example offering delivery mileage Subaru Tribeca 3.0's (List £29,147) for £16,999.

 

[fyonn]

Large petrol engined 4x4's are in current economic climate simply not wanted by the general public.

and what is BMW's latest news? the announcement of a big engined, four wheel drive X6 coupe thing! hardly a car for the times...[1]

that said, they are tempering that news with the announcement of their first proper hybrid. they've shown a new BMW 7 series with a 120volt motor attached to a twin-turbo 4.4l V8!

407bhp from the V8, 20bhp from the electrics... that's Hybrid Power [2]

dave



[1] I still like it though
[2] I guess they've decided to move into the niche occupied by the lexus LS600h...

 

[nickcc101]

It's all the redundant money traders that have flooded, the once expensive, used car market.

 

[wemorgan]

There cheaper than they were but not that cheap. I sold my rather high mileage 3.2s In July for way more than 8.5k. Now its winter, look more around the 10k mark. There are many reasons that the early models go cheaper......

Simon

£8.5k was just the cheapests sinsible FSH example I could find. I suspect a good condition car with the right spec could well be nearer £10k as you say.

 

[crockers]

only bonus is replacement car should also be cheaper....

Not really -- this is trade ins against new cars......

 

[davidjpowell]

true, to get most advantage need to buy used. Still I would have thought most dealers woud be keen to discount even on new cars in current climate.

 

[st13phil]

Still I would have thought most dealers woud be keen to discount even on new cars in current climate.

Only if it's already on their stock or it's in the supply pipe and they're committed to it. And new car margins aren't as thick as they used to be so there's not as much scope as people may think.

Once the slowdown hits the volume manufacturers then you'll start seeing all sorts of "deals" on new cars - discounts, zero-percent finance, servicing "packages" with new cars etc. as they struggle to keep volumes up and shift stock.

 

[Smatt]

Why the 320se? I would expect it would be the bigger 330/335s affected?

 

[st4]

Why the 320se? I would expect it would be the bigger 330/335s affected?

its a 2.2 I6 with relatively poor performance for its consumption. A 330i 325i doesn't use much more fuel but is a much more of a performer. The 335 is the E90 model, the one that superceded this.

 

[Spinal]

How very interesting... I just happen to be after an old 4x4! Might call a few dealers and see what they say!

 

[W210 Fan]

How very interesting... I just happen to be after an old 4x4! Might call a few dealers and see what they say!

I bet those lying mothers will suddenly tell you that 4X4 sales are at an all time high and there are difficult to come by unless you have a large bank account, until you tell them the above that is...

 

[Satch]

Once the slowdown hits the volume manufacturers then you'll start seeing all sorts of "deals" on new cars - discounts, zero-percent finance, servicing "packages" with new cars etc. as they struggle to keep volumes up and shift stock.

Already started but the new car industry is in large part trying to maintain a public denial of economic reality for as long as possible, bit like the estate agents were until well into the property slump. You will not see big deals coming through until the cashflow has dried up, which should be verrry soon now.

However the writing has been on the wall for a while and stuff like this makes it very clear what is going on:

"Ford has cut back to a four-day week until Christmas at its Transit van plant in Southampton, as has Land Rover at its plant in Solihull. Bentley’s factory in Crewe has been reduced to a three-day week and Toyota has halted the night shift at its Derby works"

http://business.timesonline.co.uk/tol/business/economics/article4864257.ece