Used car prices seem to be coming down, anyone in the know?

[North Cardiff Blue]

it might be seasonal, but the prices seemed to have dropped quite a bit over the lat few months, but part ex and selling through Motorway or Autotrader have also dropped.

Are they moving down or is it just a Christmas time no one is buying situation?

[Heathblue]

it might be seasonal, but the prices seemed to have dropped quite a bit over the lat few months, but part ex and selling through Motorway or Autotrader have also dropped.

Are they moving down or is it just a Christmas time no one is buying situation?

I'm still looking at getting a car, I had a we buy any car price a few weeks ago, didn't go through with it, had a few emails from them tempting me to sell, the latest email last week they increased the value slightly, due to commuting change circumstances I'm unsure now if to get new car again or buy something 2 or 3 years old.

[bluesp]

I work with a used car dealer, and have done for about 10 years. Prices are definitely coming down. December is usually a very good time to buy as it’s quiet in the market, but prices have been dropping for a good month or so now.

[JamesWales]

I work with a used car dealer, and have done for about 10 years. Prices are definitely coming down. December is usually a very good time to buy as it’s quiet in the market, but prices have been dropping for a good month or so now.

Pleased to hear this as panicking about my MOT in Feb.

I've been hoping it would happen as the world is making far more new cars again now after covid

[bluesp]

Pleased to hear this as panicking about my MOT in Feb.

I've been hoping it would happen as the world is making far more new cars again now after covid

That could well be what is “driving” it. The demand around covid and since has been very high especially for nearly new. Unfortunately the cost of parts has gone up, fingers crossed for your mot

[North Cardiff Blue]

I work with a used car dealer, and have done for about 10 years. Prices are definitely coming down. December is usually a very good time to buy as it’s quiet in the market, but prices have been dropping for a good month or so now.

Cheers for that I just bought, the trader auction price at Motorway was down but the newer car I bought was a lot less than they were in August when I started looking so I ended up paying a lot less for the switch

Let's hope the trend continues, do you think it will?

[North Cardiff Blue]

I'm still looking at getting a car, I had a we buy any car price a few weeks ago, didn't go through with it, had a few emails from them tempting me to sell, the latest email last week they increased the value slightly, due to commuting change circumstances I'm unsure now if to get new car again or buy something 2 or 3 years old.

Motorway will pay a lot more than WBAC.

Used cars are still more expensive than they were, 4 year old cars are the price that 2-year-old cars were before Covid, but it's good there is the start of a price correction.