We buy any car

[AK OK]

Unfortunately there is going to be a shortage of cars for 2nd hand as there's been over a year of supply issues which has prevented the usual movement of cars through the market.

Also people are retaining older cars longer again removing Cars from the market.

Local 2nd hand dealers near to me in the last had forecourts full of cars now you'll see maybe a quarter of the forecourt with cars and the rest vacant.

Shurely that's because they're all expecting a price crash cough readjustment so don't want a yard full of potential losses?

 

[Ayoull]

Shurely that's because they're all expecting a price crash cough readjustment so don't want a yard full of potential losses?

I don't think honest Dave who sells cars he bought from a car auction thinks like that.

 

[hmadsen]

Unfortunately there is going to be a shortage of cars for 2nd hand as there's been over a year of supply issues which has prevented the usual movement of cars through the market.

Also people are retaining older cars longer again removing Cars from the market.

Local 2nd hand dealers near to me in the last had forecourts full of cars now you'll see maybe a quarter of the forecourt with cars and the rest vacant.

I saw a video from the US, they apparantly have a lot of owners, having cars on finance, and the finance companies had, had to impound a LOT of cars.

The sellers had huge stockpiles of used cars in the impount lots, and were actually holding back a bit on them to not flood the market.

I suspect, when/if the economic crisis comes, and people start being laid off, there will be an inrush of used cars.

A lot of households have 2 cars, because of the need to go to work, and if one person in the household gets laid off, the logic thing to trim your expenses will be to sell a car, that is not currently needed if being unemployed.

Luckily at the moment we dont HAVE to buy another car, we can just do like others, and keep the old one running a little longer, until prices drops.

I am not going to go out and buy a car right now, and then risk the car's value plummeting in 6 months, so that if i decide to sell it there, i will take a big hit.

New car sales was down here, i already heard of one large dealer, that had laid off 10 of their sales people, because sales were plummeting. Sadly this has not translated into them, offering new cars at a lower price.

 

[AK OK]

I don't think honest Dave who sells cars he bought from a car auction thinks like that.

Maybe not 1 or 2 at a time but that's the same old idea - buy low sell high, not the other way around....

Also if stock now costs say triple to buy that should logically translate to a yard that's only a third full...

 

[chelsea56]

They all say that ??

Yes generally they do but I haven’t seen a se lr discounted anywhere, have you ?

 

[AK OK]

Yes generally they do but I haven’t seen a se lr discounted anywhere, have you ?

Not been looking specifically.

Who knows what flexibility your friendly mg dealer has ? & How much s/he feels s/he has to pass on?

At the end of the day all this is buried in the car trade's accounting practices, not on the bits of paper you get given.

 

[Twocoats]

Just a quick heads up guys, just picked up my ZSLR from my local dealer and they have bought my MG5sr I bought from them Jan 2020 15k miles condition as you would expect . We buy any car .com offered me £18,850 for it and my dealer £21500 , Motorway was more to be fair, but don’t forget that was before they saw it so I would think wbac would be down to scrap value by the time they assessed it.
All done and dusted , money in my account within 3 days (over weekend) . So don’t be fooled by WBAC.

Just a quick heads up guys, just picked up my ZSLR from my local dealer and they have bought my MG5sr I bought from them Jan 2020 15k miles condition as you would expect . We buy any car .com offered me £18,850 for it and my dealer £21500 , Motorway was more to be fair, but don’t forget that was before they saw it so I would think wbac would be down to scrap value by the time they assessed it.
All done and dusted , money in my account within 3 days (over weekend) . So don’t be fooled by WBAC.

"Motorway was more to be fair, but don’t forget that was before they saw it so I would think wbac would be down to scrap value by the time they assessed it."

We sold an i10 with Motorway and they were brilliant, we just had to take some pictures of the car and provide some information (all easy to do)

There's none of the We Buy Any Car nonsense (it's got a chip, oh it's dusty, that'll be £700 off +the admin fee £80)
Motor way was straight forward, told us what, we could expect to receive for the car (which we got) our car sold on the day they said it would and the chap that bought it (a Hyundai dealer) sent two fellas to collect it?wouldn't hesitate to recommend or use them again in the future.