Car market

sassy_one

I'm guessing the car market is severely damaged regarding selling at present, I've had a vehicle that is 70% less than its retail value and it's just not selling, hardly getting timewasters, still getting them but not many.

MOT till next year too.

Is Ebay a better position, auction?

Supersonos

If people aren't interested, then it's probably priced too high for what it is.  A car is only worth what someone will pay for it.

Kattekwaad

Unless I had no option I wouldn't be selling just now, unless I was replacing it with something else at a steal.  

facade

It might be too cheap.

30% of the price of comparable cars just looks suspicious, I'm surprised that no trader will take a chance though, it is write-off money, and presumably nothing wrong with it.

jacko74

I don't think the car market has even begun to feel the impact of Corona yet, it's still effectively in a period of stasis.
There doesn't appear to be any buyers OR sellers out there and most car adverts have been in place since pre-lockdown.

cymruchris

sassy-one said:

I'm guessing the car market is severely damaged regarding selling at present, I've had a vehicle that is 70% less than its retail value and it's just not selling, hardly getting timewasters, still getting them but not many.

MOT till next year too.

Is Ebay a better position, auction?

When you say 'retail' - do you mean new price? What's your price compared to other models of the same age/spec and similar mileage? You're not saying you're selling it for 30 percent of the current market value?

facade

That's how I read it, and way too low is putting people off- they think there has to be something dodgy about a bargain @ 30% of its value.

Jonesya

If you really are selling it for 70% less than retail, so only 30% of its retail price, then yes I'd imagine quite a few people would be asking, what's the catch? I guess because why would you sell it that cheap?

But then what's the retail price you are quoting, is it really that cheap, is it an averages you've based on a used car website for a comparable age, mileage, spec, history etc?

cymruchris

If it's 30 percent of current market value - I'll take it - whatever it is

sassy_one

Thanks for all the replies.


I initially had the car up for £1.7k which was around what the average ads, sales history on Ebay shows them going for and auto trader value.

No interest at all.
Lowered to £1.3k. Cheapest within 80 miles.
No interest. 

I've now had this car sat with me trying to sale for the last 2 months, without success.

Lowered the price a week ago to £1k, nothing. 
£850. Nothing. 
£750 and I had a few people message, what's wrong with it and silly questions like is there any scratches on it at all.
Replying offered no other response from them.

I now have it at £500. Its recently had two new tyres and alloy wheel refurb, costing me over £200.

I'm at a lost now what to do

[Deleted User]

Why can’t you keep it?