Second hand car market

Interceptorxj said:

As with all bubbles it will burst at some point and prices will tumble!

Click to expand...

Im inclned to agree!

If I had the sort of money some do (and good luck to them) I wouldnt sell just tet. Combination of factors-and injury being one of them, just not going to drive it that much.

Mine is high mileage on the clock (engine replaced with 120k 300tdi), so it will put some people off, but Im not going to sell to a dealer who will rip my eyes out!

Interceptorxj said:

As with all bubbles it will burst at some point and prices will tumble!

Click to expand...

But it's not a bubble. Land Rover and classic car prices have been on the up since the banking crisis of 2008-2009. Both have stabilised over the past 2.5 years - this shows market acceptance and longevity of price point; this the same for any market. We'll only see downward price point movement if there's a recession...and there's no UK recession in sight, in fact, the complete opposite.

v8250 said:

But it's not a bubble. Land Rover and classic car prices have been on the up since the banking crisis of 2008-2009. Both have stabilised over the past 2.5 years - this shows market acceptance and longevity of price point; this the same for any market. We'll only see downward price point movement if there's a recession...and there's no UK recession in sight, in fact, the complete opposite.

Click to expand...

Makes me sick that circumstances led me to have to sell my last classic car (not including the Landy of course)....... in 2008. It was before any of the financial crash blew up but I didn't get as good a price as I would have liked, especially as it was filled with spare parts as well. If only I could have kept it it would be worth quite a bit more now and rarer than it was then too, but if I could have kept it I wouldn't be selling it anyway

6pot said:

Makes me sick that circumstances led me to have to sell my last classic car (not including the Landy of course)....... in 2008. It was before any of the financial crash blew up but I didn't get as good a price as I would have liked, especially as it was filled with spare parts as well. If only I could have kept it it would be worth quite a bit more now and rarer than it was then too, but if I could have kept it I wouldn't be selling it anyway

Click to expand...

What car? We need pics...

v8250 said:

But it's not a bubble. Land Rover and classic car prices have been on the up since the banking crisis of 2008-2009. Both have stabilised over the past 2.5 years - this shows market acceptance and longevity of price point; this the same for any market. We'll only see downward price point movement if there's a recession...and there's no UK recession in sight, in fact, the complete opposite.

Click to expand...

Not entirely convinced about that.

There are two sorts of vehicle involved. Second hand cars, which are selling well at the moment, due to supply problems with new cars, which are temporary, and due to virus causing transport problems and shortages. The second hand cars were a glut on the market before virus, and probably will be again in a few years.

And historic vehicles, which are experiencing a boom, because the tax loophole and cheap insurance, plus exemption from ULEZ and other environmental schemes make them very cheap to run.
Those may hold up a bit better for a few years, but in the end insurance costs will rise, as there will be more stolen and involved in accidents, and it may become more expensive to get fuel, as electric, and possibly later on, hydrogen, become more common.
There are also problems with changing fuel formulation, as seen at present with the introduction of E10 petrol, requiring the use of additives, which reduces the convenience and increases fuel costs.
Also, some people who are buying them will soon realise that in fact classics are not as comfortable and fuel efficient as modern cars, and try and offload them.

My own feeling would be not to get sucked in, and try and get by with what you have got at the moment, see what happens in a couple of years time.

v8250 said:

What car? We need pics...

Click to expand...

I'll have a look through the backup discs for some photos. Maybe we need a new thread - What else did you used to have in your garage?