If you are thinking of selling, now's the time!

sausage

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It doesn't seem like the right time to be selling an R230. A few weeks after I bought mine (July) the talk started about how second hand cars were selling for higher and higher prices. So every now and then I check Autotrader to see what is happening with SL sales.

There are cars listed for sale that have been advertised for nearly as long as I have owned mine. Each time I look there seems to be a growing list of cars that are not selling and have been advertised on AT for months now, some of them several months.
 

Wighty

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There may be a temporary halt in big engined cars selling easily while the fuel price is making your eyes water ?
 

Blobcat

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There may be a temporary halt in big engined cars selling easily while the fuel price is making your eyes water ?
Which makes a great time to pick up an AMG... ;) or even a normal V8... :cool:
 
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DSK

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Sounds like there might be a few dealers out there are going to catch a cold with overpriced used car stock. :rolleyes:

I think dealers were sitting pretty for a while and greed set in strong. The wise would have lowered their risky stock but, in future supply will be reined back to be lower than the demand, thus manipulating prices. Some dealers will lose out as the dynamics has changed further with the extending effects of the war. I also believe the next decade will be a rollercoaster of events for the world.

As for folks who buy stuff like cars based on fuel costs at any given point are just just silly in my book as things like fuel price, servicing cost, consumables and taxation are all easily changeable factors.

I remember years back people were protesting at fuel costs when they were much less than what it is now. But the reality is that current and higher prices will become the normal standard. We’re used to paying current prices now so why would the lovely manipulators of the economies ever go back.


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Hotspur

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R230 SL350
I think dealers were sitting pretty for a while and greed set in strong. The wise would have lowered their risky stock but, in future supply will be reined back to be lower than the demand, thus manipulating prices. Some dealers will lose out as the dynamics has changed further with the extending effects of the war. I also believe the next decade will be a rollercoaster of events for the world.

As for folks who buy stuff like cars based on fuel costs at any given point are just just silly in my book as things like fuel price, servicing cost, consumables and taxation are all easily changeable factors.

I remember year back people were protesting at fuel costs when they were much less than what it is now. But the reality is that current and higher prices will become the normal standard. We’re used to paying current prices now so why would the lovely manipulators of the economies ever go back.


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Agree

I think however due to the current 'fuel prices' that demand for large engined cars will cool...rightly or wrongly as you state...but I think dealers who have stocked up during the recent wave of high prices, will have stock of gas guzzlers that may hang around in their stock for longer than they would like and therefore there will be a small window i believe to snap up these 'stuck' cars that in the sales windows now which they will want to move on to release capital for newer stock.

I am potentially keeping an eye out for a short list of cars that I may make a move on in the above scenario.
 

A.J.

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I think dealers were sitting pretty for a while and greed set in strong. The wise would have lowered their risky stock but, in future supply will be reined back to be lower than the demand, thus manipulating prices. Some dealers will lose out as the dynamics has changed further with the extending effects of the war. I also believe the next decade will be a rollercoaster of events for the world.

As for folks who buy stuff like cars based on fuel costs at any given point are just just silly in my book as things like fuel price, servicing cost, consumables and taxation are all easily changeable factors.

I remember year back people were protesting at fuel costs when they were much less than what it is now. But the reality is that current and higher prices will become the normal standard. We’re used to paying current prices now so why would the lovely manipulators of the economies ever go back.


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I remember the fuel blockades, huge queues back in 2000 at filling the petrol stations that had any fuel. Petrol was at 84p per litre I think, we had just returned from Guernsey and had filled up at 40p per litre of diesel ! :)
 

A.J.

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I put my reg number through WBAC yesterday and the offer was £4,000ish less than the offer made a couple of months ago !
 

Ron240

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Sold - 2021 CLA 35 Premium.
I checked the value of my car in December last year when it was brand new expecting it to be around the full list price that I paid for it, but it was £2k less.
I checked again now and it is £3.5k less.
Both quotes are still higher than they would be in normal times.
I'm not interested in selling though...I already got my once in a lifetime deal. :cool:
 

MBDevotee

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Dreaming of a CL55k - one day maybe....
Prices are falling hard now.

They have the 20% to drop they went up last year plus 6-8 months of drops - I think there is a 30% drop happening now...

Also, as prices are falling fast, dealers are buying cautious - if it's something they think will take a while to sell they are buying lower than they would - I'm already paying May price for anything good, and June for anything less so......

If you didn't sell at the top - just ride it out now, at least what you are buying will be cheaper.

But older, large engined cars are dropping like bricks, general fear of fuel rises and general fear of the other bills that people are worried about means for many a big V8 is out the question.....
 

s5tuart

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If I wanted to sell I'd bide my time. It ain't over yet!!
 

sonic

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Back in the late summer of 1973 a friend of mine offered me his very nice MGB GTV8, but I declined as I was getting married in the autumn.
October 73 was of course the first fuel crisis, & we got married.
 

welease woger

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Talking of fuel prices does anyone like me remember Lord Stokes of BL declaring that "very soon petrol will reach £1 a gallon" ?
 

A.J.

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Talking of fuel prices does anyone like me remember Lord Stokes of BL declaring that "very soon petrol will reach £1 a gallon" ?
When I had a filling station in the late 70's that is exactly our thoughts :eek:
 

AMGeed

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Prices are falling hard now.

They have the 20% to drop they went up last year plus 6-8 months of drops - I think there is a 30% drop happening now...

Also, as prices are falling fast, dealers are buying cautious - if it's something they think will take a while to sell they are buying lower than they would - I'm already paying May price for anything good, and June for anything less so......

If you didn't sell at the top - just ride it out now, at least what you are buying will be cheaper.

But older, large engined cars are dropping like bricks, general fear of fuel rises and general fear of the other bills that people are worried about means for many a big V8 is out the question.....

Your view may be correct but my car isn't dropping by much. Certain cars, V8 Mercedes in my case , are not dropping by much at all.
I've been valuing it on Motorway for quite some time, just out of interest now. These are the values I have been given this year, all with the correct mileage for a full main dealer service history car in excellent condition.

Early Jan £26 618
Early Feb £27 656
Today £27 256

Your estimated sale price

£27,256*​

Based on 45,219 offers for Mercedes vehicles from 1,785 dealers on Motorway.
 

Srdl

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I sold my late wife's Mini for £16,300 to WBAC back in October. it appeared at a dealer a month later at £20k, same dealer still has it now priced at £17k.
 

grahamcol

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2001 SLK230, 2007 CLK220 CDI
I test drove a 3 year old low mileage Jaguar XE in November. Asking price then was £26,980. It is still unsold and now priced at £24,480. Lovely car and l thought it might have gone by now. If it comes down further, perhaps below £24k, l might be tempted to revisit with a view to buying it.
 

MBDevotee

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Dreaming of a CL55k - one day maybe....
Your view may be correct but my car isn't dropping by much. Certain cars, V8 Mercedes in my case , are not dropping by much at all.
I've been valuing it on Motorway for quite some time, just out of interest now. These are the values I have been given this year, all with the correct mileage for a full main dealer service history car in excellent condition.

Early Jan £26 618
Early Feb £27 656
Today £27 256

Your estimated sale price

£27,256*​

Based on 45,219 offers for Mercedes vehicles from 1,785 dealers on Motorway.
Wait till you see what it's worth in July/ Aug!!

Bought a car the other day, today's (April) trade was £27k I paid £26..... In Aug it's predicted is £14k.....

Who knows if that's right, but it's up now for £1000 less than current retail as I want to turn it over quick....

Older cars (5 yrs.+) drops are much less significant - they went up less and fall less per month so much less volatility.... Anything under 2 years old shot up and is now shooting down...
 

Binnedit

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CL500 W216
Have to disagree, somewhat with the fact used prices will reduce.

They may soften slightly, but with the supply of new new cars still struggling (& not predicted to get much better through the rest of the year. Sold orders only - no 'stock' for dealers). Ex Fleet vehicles not coming onto to the market, as they cannot be replaced. Lak of part exchanges, due to the short supply of new.

Some dealers may have to shift used as they start to 'fall off' stocking plans, but most Finance Houses are happy to extend stocking terms, at the moment.

Its not going to change anytime soon.
 

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