Used Car Values !!

Johnmcl7

Ganga said:

Ectophile said:

Grumpy_chap said:

Herzlos said:

Grumpy_chap said:

Ectophile said:

The dealer isn't going to bother to MOT it until they have a customer.  

A bit chicken and egg I suppose.

Not really, no buyer is going to be put off by a short MOT from a dealer

Well I am.
I am a buyer right now.
Before I invest my time to visit and view the vehicle, I want to see that it has a good MOT and consider any advisories.

There won't be any advisories.  Because they will have a word with their friendly MOT inspector beforehand, to make sure there aren't any.

Can a garage get any car MOT,d anytime? i thought that you could only get a MOT one month early before the current one expired.

Yes they can MOT any time but it will expire in 12 months whereas if you have the MOT completed within a month of the expiry, the MOT will expire 12 months on from the original anniversary.

JKenH

Latest update from CarDealer/CAP-HPI.

Spoiler - EV prices continue to fall in April, down 4.7%. Petrol down 0.8% and diesel down 0.9%.

https://youtu.be/-ZVkA65ezE8

Ectophile

Ganga said:

Ectophile said:

Grumpy_chap said:

Herzlos said:

Grumpy_chap said:

Ectophile said:

The dealer isn't going to bother to MOT it until they have a customer.  

A bit chicken and egg I suppose.

Not really, no buyer is going to be put off by a short MOT from a dealer

Well I am.
I am a buyer right now.
Before I invest my time to visit and view the vehicle, I want to see that it has a good MOT and consider any advisories.

There won't be any advisories.  Because they will have a word with their friendly MOT inspector beforehand, to make sure there aren't any.

Can a garage get any car MOT,d anytime? i thought that you could only get a MOT one month early before the current one expired.

You can get an MOT any time you like.  If it's more than one month until the old one expires, then the MOT will be for 12 months from when it was issued.

JKenH

The cost of a used car is about to soar – here’s why

For the past 5 years or even longer it has been predicted by the EV press that used ICE cars will become unsaleable in the face of the inevitable takeover of the fleet by EVs. However this is not working out quite as expected as it is used ICEV values that are rising while used EV values have fallen. This article in the Telegrapgh addresses this phenomena. (Sorry I can’t show the whole article, but here are some extracts.)

The 2030 ban on petrol and diesel car sales is now only 80 months away. Five years after that, a further ban on hybrid cars will erase internal combustion from showrooms and new forecourts entirely, leaving British motorists with a potentially difficult choice – buy an electric or hydrogen car, or try to rely on the dwindling supply of used petrol and diesel models on the market. 

For many, the answer will be obvious – buy an electric car (EV), which by that point should be a little better and a lot cheaper than anything on sale currently. But EVs currently represent a significant downgrade in convenience and practicality when compared with their internal combustion engine (ICE) counterparts – at least for some users – and as such, that deadline is looming rather fast for a lot of UK drivers.

Almost everybody recognises the need to decarbonise road travel, and acknowledges the effect that burning fossil fuels has on the local and global environment. But simultaneously, people have less money to spend, and lives that have been based around cheap superminis and inexpensive, readily available petrol can’t always accommodate more expensive EVs and convoluted charging rituals. 

Despite the looming deadline, consumer reluctance could even be growing. Research by Forbes Advisor suggests that 62 per cent of people think the UK isn’t ready for a ban in 2030, and 42 per cent say the ban should be scrapped entirely. A recent AA survey suggests that the percentage of car owners considering an EV is dwindling slightly, falling from about a quarter to less than a fifth over the past few years. Data from Auto Trader reflects this; interest in new EVs has fallen by about two-thirds.

But the precise moment at which the number of internal combustion cars will begin to irreversibly dwindle remains to be seen – manufacturers have already begun planning the end of their petrol and diesel ranges ahead of the 2030 ban, and many will cease production of fossil-fuel engines in the next five years or so. 

That’s likely to do very strange things to the market. Given the widespread belief that the end of the internal combustion era is approaching too rapidly, and the as-yet inadequate support for electric or hydrogen cars, it’s almost inevitable that demand for “conventional” cars will outlast their supply to some degree – unless there are significant and rapid developments in EV infrastructure in the meantime.

https://www.telegraph.co.uk/cars/features/rising-used-car-prices-uk/

Grumpy_chap

JKenH said:

it’s almost inevitable that demand for “conventional” cars will outlast their supply to some degree – unless there are significant and rapid developments in EV infrastructure in the meantime.

That development of EV infrastructure will suddenly reach a tipping point and be exponential to the point that virtually every car parking space will become an EV charging point.  Not all of these will be rapid chargers, some may be very slow, but there will be the charging space none-the-less.  Installing high numbers of, essentially, "granny chargers" will be relatively low-cost.

We may well all be suddenly taken by surprise when the demand for petrol / diesel starts to decline and the number of filling stations falls with increasing pace.

Herzlos

No matter how good EV's become and how good the infrastructure is, there are going to be a lot of luddites who'll hang onto  combustion cars long after it makes any actual sense and will keep the prices up as they grab up whatever stock is left.

We've already seen some car models go EV only - the Citroen Berlingo for instance, though after consumer demand they've agreed to start making some petrol/diesel models again but IIRC only the shorter base version.

JKenH

Herzlos said:

No matter how good EV's become and how good the infrastructure is, there are going to be a lot of luddites who'll hang onto  combustion cars long after it makes any actual sense and will keep the prices up as they grab up whatever stock is left.

We've already seen some car models go EV only - the Citroen Berlingo for instance, though after consumer demand they've agreed to start making some petrol/diesel models again but IIRC only the shorter base version.

EV supply will continue to rise because the government has set quotas. Ergo new ICE sales must fall to meet the quotas. It all depends whether EV demand keeps pace with supply. It only takes a small imbalance to move prices one way or the other. We saw how used EV prices shot up following demand when fuel prices rose and how they have since fallen as supply has increased faster than demand. The reverse has happened with ICE cars. 

In a world without government meddling, the price of both new and used EVs and ICE cars would find their own level relative to demand and supply. Government intervention by way of incentives (SalSac/BIK) has distorted the new car market encouraging EV sales above their natural level thus reducing sales of ICE cars and in consequence supply of used ICE cars. Once these cars enter the used car market, in the absence of incentives, normal market forces come into play which results in more used EVs being available than there are buyers for and less ICE cars. 

Talking of luddites: remember LPs? CD sales rose exponentially and now vinyl LP sales exceed CDs. CDs and LPs both had their pros and cons as do EVs and ICE cars. 

Johnmcl7

Herzlos said:

No matter how good EV's become and how good the infrastructure is, there are going to be a lot of luddites who'll hang onto  combustion cars long after it makes any actual sense and will keep the prices up as they grab up whatever stock is left.

I don't believe that for a moment and those who hang onto petrol cars will be doing it for a reason, I can see enthusiasts wanting to keep a hold of petrols for their noise and feel but once electric cars and their infrastructure improve to the point they are a better choice than existing petrols there's not going to be large numbers of people not changing just to be stubborn and no other reason.

The problem is as the figures show we are still a long way from that point and I'd certainly consider an electric car when one was a suitable option but there's nothing even upcoming remotely close to what I'd consider a suitable replacement for my current petrol car.  Nothing to do with spite or stubborness over existing technology.

In terms of decarbonising I reduced my day to day car usage almost entirely thanks to taking up cycling over ten years ago which is much greener than an electric car and has numerous other benefits.

Herzlos

JKenH said:

Herzlos said:

No matter how good EV's become and how good the infrastructure is, there are going to be a lot of luddites who'll hang onto  combustion cars long after it makes any actual sense and will keep the prices up as they grab up whatever stock is left.

We've already seen some car models go EV only - the Citroen Berlingo for instance, though after consumer demand they've agreed to start making some petrol/diesel models again but IIRC only the shorter base version.

EV supply will continue to rise because the government has set quotas. Ergo new ICE sales must fall to meet the quotas. It all depends whether EV demand keeps pace with supply. It only takes a small imbalance to move prices one way or the other. We saw how used EV prices shot up following demand when fuel prices rose and how they have since fallen as supply has increased faster than demand. The reverse has happened with ICE cars. 

What quotas? The average fleet emission thing?

EV's are definitely the easiest way to meet that, but they could have also done it by giving everything a 900cc turbo petrol engine.
EV's are selling well because people want to buy them.

JKenH said:

Talking of luddites: remember LPs? CD sales rose exponentially and now vinyl LP sales exceed CDs. CDs and LPs both had their pros and cons as do EVs and ICE cars. 

CD's were the first 'binary' recording medium, so they lost a little bit of audio resolution (because you have to record the nearest value and not the exact one) but virtually no-one outside of experienced musicians can hear it. They sold well because they were better than LP's but have now been completely superceded by lossless audio formats like AAC.

That LP's sell better than CD's now is because LP's are retro are fashionable. Whilst some people claim the LP sounds better than a CD it's unlikely it is anything other than nostalgia.

twopenny

Reading out of curiosity simply because I live on Exmoor. So rural in many areas that there is no gas, phone signal is patchy or non existant in many places.

With the increase in cars and tourists the roads are often suddenly closed for an accident occouring. This often results in a 40mile detour over remote roads.

Should you need recharging as a result how would that work?

Small villages will presumably have to have chargers in place but - with petrol you can take petrol to the car. You can't do that (yet) with electric charge.

We have enough trouble getting services to the villages because revenue isn't sufficient for the companies. And wifi is a whole differnt problem.

Will charge points be from a centralised source so that low number of users isn't a problem and for emergencies or will it have to be funded by a very small bunch of people?