Rise of the used car market

safrane

Member
Messages
16,749
Although I think this is starting to come to a end, I am surprised that our older Maserati seem to have escaped any jump in value; most 3200/4200/GS appear to have remained static or unsold.

Yes other 'normal' cars seem to be enjoying some rather steep asking prices, such as Vauxhall Omega 3.2 V6 Elite Estate | Spotted | PistonHeads UK

I find it
slightly strange and wonder if any other makes have been left behind?
 

Motorsport3

Member
Messages
869
I can't explain the vauxhall price rise, as its not exactly the most reasonable car. Maybe an one off and not a trend setter this example.

I can see why the 10-20yr old Masers are not getting picked up. Combination of higher gas price/ulez / parts cost and availability and ultimately still largely out of fashion as not on an a steep appreciating curve yet. Their day will come..
 

safrane

Member
Messages
16,749
Toyota have seen a increase in some used models of up to 60% at the peak of 2021, the Ford Focus around 45%... yet our GS seem to have remained static.

The Vauxhall was just an example no collectable car with low miles its only saving grace.
 

Le Unu

Junior Member
Messages
73
Cars with a low tax bracket but good status/following seem to have done well. Your VWs for example.

Some obscure ones too like the Suzuki Jimny....

Unless I imagined this, a 355 in the early 00s cost £30k. Now it's £100k plus, if you're lucky.

SUV market appears strong...

Even my renault Megane 1.5dci. 11plate car... Decent money if we wanted to sell, which we don't...
 

drellis

Member
Messages
795
I recently sold my cayenne turbo, they've not followed a good trend. Guess they drink too much fuel and a very niche market
 

drellis

Member
Messages
795
Been looking for a van for house refurbishment and surprised how much a decent second hand van is.
Thought I'd get a reasonable transit for a 3-4 k. Looked at a couple and need to up budget or accept its likely scrap come mot time
 

Andyk

Member
Messages
61,040
Looking at the adverts some high end cars are starting to drop slightly especially the big engine stuff and also notice cars sitting around for ages. Is this an effect if fuel prices do you think?
 

philw696

Member
Messages
25,120
My little Renault 4 doing okay and I use it like a Van.
Fuel is going to have a big effect I reckon.
The older stuff that was plentiful 20 years ago is now Retro and people seem to be happy to pay the money it seems.
 

Wack61

Member
Messages
8,764
The £600 road tax combined with £1.60 a litre will kill any car not to be deemed special , I'm surprised how many cars are in the £600 bracket , things Iike 2.0 Saab convertibles and the 3.0 citroen c6

You have to really want a 15 year old Maserati to put up with the potential sleepless nights worrying about the bills they can generate for minor problems on other cars , the thing that's really shocked me is the rotting subframes , something that could've be been fixed for probably £100 a car by galvanising them when new.

So far the cheapest cars I've ever owned were a 5.0 Mustang , a WRX Impreza and the GR Yaris , the Mustang cost me £4000 for just over 2 years , made £100 on the WRX after 2.5 years and the GR is still over list by 2k.
 
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zagatoes30

Member
Messages
20,763
Certainly seeing the classic market starting to cool, lots of low rent stuff that was making silly money over the last 2 years has either started to drop or are not reaching the reserves they once were. As we enter spring people who bought into the market when they had time and cash in lockdown will realise they are not using the classics anymore and will put them back into the market although those that bought in the peak might be in for a surprise.
 

FIFTY

Member
Messages
3,100
@Wack61 An extra 0.20 to 0.30p per litre of fuel will have very little effect on those who only do up to 5k miles per annum on their special gas guzzlers.

Practically you are talking about an extra tenner or so to fill up a car that's used on special occasions. No. Skin. Off. Nose. Surely.

Likewise an extra £125 PA or tenner a month on tax isn't a huge issue either, especially when you consider the cost of taxing a brand new car. Unless you are really running these old masers on a shoe string budget then you should not have had it in the first place.
 
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Wack61

Member
Messages
8,764
@Wack61 An extra 0.20 to 0.30p per litre of fuel will have very little effect on those who only do up to £5k per annum on their special gas guzzlers.

Practically you are talking about an extra tenner or so to fill up a car that's used on special occasions. No. Skin. Off. Nose. Surely.

Likewise an extra £125 PA or tenner a month on tax isn't a huge issue either, especially when you consider the cost of taxing a brand new car. Unless you are really running these old masers on a shoe string budget then you should not have had it in the first place.

You're not wrong , I should never have bought a 4200 , heart over head , though I think the fact it takes months to sell a Maserati unless you give it away speaks volumes about why prices are static or falling.
 

Wack61

Member
Messages
8,764
Certainly seeing the classic market starting to cool, lots of low rent stuff that was making silly money over the last 2 years has either started to drop or are not reaching the reserves they once were. As we enter spring people who bought into the market when they had time and cash in lockdown will realise they are not using the classics anymore and will put them back into the market although those that bought in the peak might be in for a surprise.

The market moves forward , the 70s fords will have to drop at some point because people that want them are 60+ now , somebody in their 30s won't want a Cortina or a zodiac , the escorts might fall a bit , I'd think anything 50s not special would be difficult to sell unless it's rot free , the values aren't there to warrant restoration and paint
 

FIFTY

Member
Messages
3,100
You're not wrong , I should never have bought a 4200 , heart over head , though I think the fact it takes months to sell a Maserati unless you give it away speaks volumes about why prices are static or falling.

I shouldn't have bought one either, had my eye on a Nissan R33 GTR which have significantly appreciated while I spunked £20k+ restoring a manual 4200 that has not. It's going up for sale in the next week or so as I want something brand new from the factory.
 

GeoffCapes

Member
Messages
14,000
I shouldn't have bought one either, had my eye on a Nissan R33 GTR which have significantly appreciated while I spunked £20k+ restoring a manual 4200 that has not. It's going up for sale in the next week or so as I want something brand new from the factory.

I thought it was a keeper!
 

mjheathcote

Centenary Club
Messages
9,033
The market moves forward , the 70s fords will have to drop at some point because people that want them are 60+ now , somebody in their 30s won't want a Cortina or a zodiac , the escorts might fall a bit , I'd think anything 50s not special would be difficult to sell unless it's rot free , the values aren't there to warrant restoration and paint

That is my thought, with my 74 Stag.
I was only 19 when I bought mine in the mid 80's, and many within the owners club I knew from back then have died from old age. I'm certainly at the younger end regarding owners age, in my mid 50's.
Attending owners club events is at times like visiting a nursing home.
 

FIFTY

Member
Messages
3,100
I thought it was a keeper!

Guess my opinion has changed somewhat since getting the Alpina D5 Bi-turbo as a daily when I drive the 4200 other than the sound of the V8 it's quite relaxing (boring) which it is not supposed to be what it's for as a weekend/sunny day car... I have my eye on something equally special.
 

mjheathcote

Centenary Club
Messages
9,033
Regarding the 42/GS things have moved on.
10 years plus ago one of the attractions was performance.
However so many hot daily drives compare and exceed the performance today.
So it has to be for something else.
The rarity, badge, style, noise still does it for me though.
 

Swedish Paul

Member
Messages
1,807
Regarding the 42/GS things have moved on.
10 years plus ago one of the attractions was performance.
However so many hot daily drives compare and exceed the performance today.
So it has to be for something else.
The rarity, badge, style, noise still does it for me though.
This.
I still see young boys gawping and pointing as I drive by. Most folks go starry eyed when you tell them you have a Maserati.
Never had that when I had a Ford Cortina….