Autotrader price indicators

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AlpineAlex

Member
Messages
191
I've just seen Dicky has sold the 2-seater Strad after a small reduction in price.

As someone from the outside looking in on the motor trade, I often wondered about whether these small reductions are effective. I see it a lot when I'm considering a car where the dealer reduces it by about 2%. Does it make a significant difference?

Like if you can afford £50k you can afford £51k. It's very difficult for me to get my head around.
 
Cyclone1

Cyclone1

Member
Messages
531
AlpineAlex said:
I've just seen Dicky has sold the 2-seater Strad after a small reduction in price.

As someone from the outside looking in on the motor trade, I often wondered about whether these small reductions are effective. I see it a lot when I'm considering a car where the dealer reduces it by about 2%. Does it make a significant difference?

Like if you can afford £50k you can afford £51k. It's very difficult for me to get my head around.
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It’s all about the maths and how far you push the limits of what you want to spend. So £51k v £50k for example can present a stumbling block for someone like me, that over analyses things. I think the other factor is fear. So when you’ve been tracking a car for sale and suddenly the price drops, it’s a trigger to buy it or at least get a firm offer in before another potential buyer snaps it up. This is reference to niche cars like Maserati and not for main stream cars, where a price drop may indicate the car is overpriced etc.

I currently have my eye on a car that I’d buy in an instant. I can’t as I first need to sell my own car, but once done and if it’s still available I’ll be making an offer.

On the Stradale, it’s a very niche car and if the price has been dropped by a small amount and it’s resulted in a sale, then the seller has done the correct thing.
 
dickygrace

dickygrace

www.richardgracecars.co.uk
Messages
7,342
AlpineAlex said:
I've just seen Dicky has sold the 2-seater Strad after a small reduction in price.
Does it make a significant difference?
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I rarely reduce our cars, I really try to make sure they’re competitively priced in the first instance. But yes, this one sold after having dropped it, and the customer wouldn’t have bought last week as only had a fixed budget.
 
will-w

will-w

Member
Messages
208
dickygrace said:
Yes and a very good car too, used to belong to @Guy of this parish.
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I must admit I was surprised to see the price of that one, it seems very cheap?

I guess it begs to ask, as you’ve had it a while, has the bottom finally fallen out of the market?
 
dickygrace

dickygrace

www.richardgracecars.co.uk
Messages
7,342
will-w said:
I must admit I was surprised to see the price of that one, it seems very cheap?

I guess it begs to ask, as you’ve had it a while, has the bottom finally fallen out of the market?
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I’ve had it a week, and had a few people ask about it and book viewings but nobody has been to view the car yet. I think it’s fairly priced for the miles, as I believe all 3 we have for sale are too.
 
will-w

will-w

Member
Messages
208
dickygrace said:
I’ve had it a week, and had a few people ask about it and book viewings but nobody has been to view the car yet. I think it’s fairly priced for the miles, as I believe all 3 we have for sale are too.
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Oh really? I’m sorry, I thought I’d seen it a couple of weeks back
 
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