It's a topic that's been agonised over on here, at length. The market (or lack of it) seems now to have stopped almost totally. 🤷🏻♂️
It's almost as if price is immaterial, there just aren't the buyers. Dealers won't buy cars for stock and the cars on SOR don't seem to be moving. Private sales perhaps have slightly more of a chance because they don't have dealer overheads.
A lot of sellers are advertising cars at what they used to be worth but that's unrealistic at the moment. I think if someone really wants to move a car on they have to advertise it at a price that kills all the opposition.
A sigma 4/4 now needs to be sub £30k to stand any chance of selling....... I accept that the 80th is a bit more special, but if there are no buyers all cars become equal and the seller willing to drop the most is the one who makes the sale.
Extras, history and low mileage don't make a car worth more nowadays, but they might make it slightly easier to sell. Any price achieved today may well look impressive next spring if the market keeps falling........🤷🏻♂️
That all sounds a bit miserable doesn't it, but the old days of rock solid residuals are over.
|