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Automotive News May 8, 2023

Will car prices drop in 2023 UK?

Will car prices drop in 2023 UK?

Is Parker's car valuation accurate?

I see a lot of conflicting data on cars. In this article, Jeff Dahn writes that he has had some of his customers pay over 1.1x and 2.3x for the same car. Does anyone else see it this way? Also, in my opinion, it is common for a car to appreciate 3-5% per year, and I don't think you would say that a car loses value in half its life. Maybe it's a function of when you are buying a car vs. What year you are buying it. Is it right to assume that a new car (the most expensive car on the market) loses 40% of its value in its first year? Does anyone have any actual data/studies on how this works out?

The only real way to know what you are paying for a car is to look for a recent one, as you've said, and do your own independent research. The best way to find out what cars you should buy is to do as much research as possible. In my opinion, the first step is to look for cars that you are interested in, read everything you can about them, and then compare them to other vehicles in your price range. You should also do more research to find out how well-built the vehicle is, what the reliability is, and how often you'll need to repair it. After that, you can start the bidding process. When it comes time to pay, there are some things you should look for. Is there a maintenance/repairs plan that will offset the cost of owning a vehicle? Are there any incentives or programs for the dealership (like trade-in values)? You should check to see if the finance rate is fixed, variable, or floating.

One big thing that people don't think about, is the fact that the depreciation rate can vary between different companies, even between the same company. For instance, Ford will have higher depreciation rates than Honda, because Ford's products tend to last longer. Toyota tends to have lower depreciation rates, because they build newer and newer vehicles.

Will car prices drop in 2023 UK?

- part two

As I wrote previously, one of the first questions I asked back in January was whether or not car prices will drop in 2023 in the UK. If you read my article, you know that I believe the answer is yes. We have a new government which is committed to changing some fundamental things for the better, it has more money to spend, and the economy is rebounding nicely so far. For many reasons, I am expecting that by 2023, car sales will be up on last year and the following year.

However, there are those who want to slow this process down. There are many reasons why car sales should fall and not rise, and many reasons why they shouldn't rise at all. In this article, I will list many of these reasons. As with any new analysis, the future is still to be written and things could change, but many things point to a positive outcome for us when it comes to car prices in 2023.

What do car prices actually mean? Before we go any further, it is necessary to understand what exactly car prices are for. Yes, there are lots of new cars on the market these days, and the prices of these cars have increased considerably. However, this isn't about what the new cars cost now, but what they will cost in the future. In other words, we don't buy a 50,000 car today, and hope that the price doesn't go up. No, we put aside 50,000, invest in a car service plan, and then pay the difference over three years. The reason that this is possible is because prices are falling year after year. In 2023, if you had bought the same car, you would have spent more money.

What this means is that if you have an average car, you probably won't own it for very long. In other words, you will sell it for more than you paid for it. This is especially true with expensive cars. To understand why, let's think about a simple example. Let's assume you have 12,000 in a savings account with an interest rate of 4%. In 2023, if you have that money, your money would be worth 13,200.

To make the example as simple as possible, let's say that car prices will drop from 24,000 to 20,000 in 2023.

Is Parkers used car guide still published?

parkers guide valuation Is Parkers used car guide still published?

Posted by: August 30th, 2023. Hi Guys. In the last few years Parkers has dropped it, but there is no sign of it returning. There used to be a used car guide in the new papers each month and this can now be found on line but its a very poor guide and does not show every make and model so you can get the car that fits your pocket very easily.

Has anyone any info on this please. Thanks. Answer: Hi again. Parkers was one of my magazines and I think the majority of people who buy and sell on here would have read it. The only thing which was in it which I didn't know was the list of dealers who took deposits. Also, you could have added more detailed info on each type of vehicle and make it more useful. Other issues had lots of info in them on a wide range of vehicles so I think an auto-biographical guide would have made a good read.

Best wishes. Mark. Hi there! I think you're right Mark about the biog. I remember reading one when they were more plentiful and I loved it. The Parkers Guide to Used Cars is still on sale (though I've not bought it for some time!).

Hope your holidays go well. Cheers, Hi Sue. I agree with you that a Parkers Auto-Biographical Guide would have been a good read. They were also good value for money compared to others if I'm honest. But the guide did get rather poor over the years when they became full to the gills with the latest model cars from the dealers instead of just the classics. It was interesting too because it gave you a list of the dealers who would take deposits in case you wanted to sell. Good luck with your search, Sue. Cheers,
Well, I'm new to all this. Bought a 2023 Ford Focus SE (manual) from an independent through Parkers Used Car Guide last Wednesday. My local Vue branch was going under and the car was free. Now, I don't know why I did it, or what I was going to do with a tiny car. But after reading these boards for the past few months, I couldn't resist the idea.

Are 2nd hand car prices falling?

We've all heard stories about dealers selling 2nd hand cars at a loss and passing the savings on to car buyers as part of the financing deal. So are these schemes actually possible? Are they actually working? Has the economy turned a corner? I'm no economist but have recently seen various reports that claim there are signs the country is heading in the right direction after many years of stagnation. There are 2nd hand car sites popping up with an increasing number of used car sellers putting their ads online, especially now, and selling cheaper cars that people will buy. These sites have got some interesting names like secondhandcars.com and secondhand.ie . There is not much information available on any of these sites because they don't have any official backing - so far.

Second hand car sites often use the term second hand to mean any car that has been looked after in a decent way - not a lemon or total bomb, but could possibly be worth an amount somewhere in between. A lot of the dealers are more than happy to sell cars to these sites and in most cases, offer a reduced price (or even free) - provided they do a credit check to make sure the buyer can afford it. Obviously dealers don't want to lose their money so it usually works out for both parties (but that doesn't stop others from complaining).

In the past year or two, some dealers have had the idea to advertise through these 2nd hand car sites and pass on money from their own customers or even those of other dealers. For instance, a dealer may be selling a car for 800 with a deposit of 200 on the car. The customer pays 700 for the car and buys insurance for 100 - leaving a total of 600 to pay off to the dealer.

This time, the dealer could sell the same car for 500 to a 2nd hand site. This means 300 profit for him and 200 of the finance cost still remaining after selling to the site. This would only work if the second hand site also charged the customer more and passed on the saving to their customers. I think it unlikely this would happen because if you charged less for the car and sold the same car for half of the price, why would someone buy it?


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WMCW Admin

Reporting on news on topics such as used car industry prices, automobile recalls, site news and updates, opinion pieces about the used car market, and other appropriate automotive information.


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