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Second-hand car prices rising rapidly (?)

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Storini
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Second-hand car prices rising rapidly (?)

Post by Storini » Mon Aug 30, 2021 3:27 pm

Seen several news articles recently claiming the above, e.g. https://www.standard.co.uk/business/use ... 49479.html - allegedly due to chip shortages.

Good thing or bad thing? I was hoping to change up to an E89 but that appears to be a receding prospect now...
E85 2.5i 2006 manual on 17" Pilot Sport 4's

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mr.tourette
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Second-hand car prices rising rapidly (?)

Post by mr.tourette » Mon Aug 30, 2021 3:34 pm

Storini wrote: Mon Aug 30, 2021 3:27 pm Seen several news articles recently claiming the above, e.g. https://www.standard.co.uk/business/use ... 49479.html - allegedly due to chip shortages.



Good thing or bad thing? I was hoping to change up to an E89 but that appears to be a receding prospect now...
Why? you pay more for your e89 but you get more for your e85 :)
if its got tits or tyres..its trouble :D

Storini
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Second-hand car prices rising rapidly (?)

Post by Storini » Mon Aug 30, 2021 3:37 pm

mr.tourette wrote: Mon Aug 30, 2021 3:34 pm Why? you pay more for your e89 but you get more for your e85 :)
Well, that's the theory but the ones I'm after are a bit more desirable than mine I think.
Last edited by Storini on Mon Aug 30, 2021 4:42 pm, edited 1 time in total.
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Pondrew
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Second-hand car prices rising rapidly (?)

Post by Pondrew » Mon Aug 30, 2021 4:27 pm

With higher prices, if you are buying a more expensive car, then it is inevitably going to cost you more.
Car prices across the board seem to have gone up by an average of around 20% in the last six months. Obviously some more than others.
If you are able to; sell your E85 now and wait until January to buy an E89, they will be the cheapest they are going to get then.
All good things come to those who wait. I'm really impatient which explains a lot.

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Chris_D
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Second-hand car prices rising rapidly (?)

Post by Chris_D » Mon Aug 30, 2021 4:36 pm

2nd hand price-hikes are due to current global chip shortages.
Root cause seems to be a few factors, notwithstanding Huawei gobbling up capacity as the US is no longer allowed to supply them.
I worked for ASML here in NL years ago and got to know how the semicon market works a little bit and it's possibly one of the most cut-throat and underhand industries going! Worse than insurance/banking and oil&gas imo.

In any case, while chip production capacity is still bottlenecked by high demand and short supply 2nd hand cars will maintain strong values until chip supply starts to balance out and new cars start rolling off production lines again. Then it will be back to normal. So sell it while ya got it seems to be the advice if you're pondering on selling your tired old P&J, or stick it out if you've got a hole burning in your wallet for a brand new Volvo...
:lol:
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buzyg
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Second-hand car prices rising rapidly (?)

Post by buzyg » Mon Aug 30, 2021 5:06 pm

An interesting thread. :thumbsup:
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