Used car prices

[hackney]

On ABC news last night(9/2/21) Alan Kholer(business news) used vehicles have risen a further 4%.He was saying this could also be due in part to a lot of expats returning home & needing a vehicle.

[DTFRMONT]

Originally Posted by hackney

On ABC news last night(9/2/21) Alan Kholer(business news) used vehicles have risen a further 4%.He was saying this could also be due in part to a lot of expats returning home & needing a vehicle.

Also don't forget that no one is going off backpacking or taking Gap Years, or going off to London to work for 'The Duration'. So not only do you have expats returning in droves, you also have people who would normally have spent up to a few years travelling or working overseas having to stay here for now.

Have just sold my FG2 XR6 for 3K more than what I paid for it 18 months back. Had the usual lowballers & timewasters who wanted something for less than $12K, but unblemished, but the eventual buyer was realistic, and had seen some Dogs....

Sadly it looks like if you want a reasonably priced full-size car that's reliable & cheap to run, then a Camry might be your only option - but even those are still bringing good prices.

Have also heard that it's a 3 week wait to get a car registered a Vic Roads, even for the Country offices where you can normally snag a short-notice appointment.

[GasoLane]

Originally Posted by DTFRMONT

Have also heard that it's a 3 week wait to get a car registered a Vic Roads, even for the Country offices where you can normally snag a short-notice appointment.

This sounds strange, can't you do it online?

[stevefreestyle]

Originally Posted by Mechan1k

Why ... when you can have this for just over $30K with just over 100,000km on it.

https://www.carsales.com.au/cars/det...19449729/?Cr=1

If I was going to buy a 2015-6 V8 - Make mine a FORD FGX XR8 thanks!!!

[DFB FGXR6]

Originally Posted by stevefreestyle

If I was going to buy a 2015-6 V8 - Make mine a FORD FGX XR8 thanks!!!

Not for 30K though.

[Mechan1k]

Originally Posted by stevefreestyle

If I was going to buy a 2015-6 V8 - Make mine a FORD FGX XR8 thanks!!!

As much as I'd love one ... you cant get one for that price.
And in the end with the RWD development ... Holden actually churned out a half decent car that I really wouldn't turn down.

That and the fact there is more of them on the used market than the Falcon now. If I had the spare $$$$ to get something like it ... I would. It's the last of the Aussie car makers V8s.

[au2000]

Originally Posted by Mechan1k

Why ... when you can have this for just over $30K with just over 100,000km on it.

https://www.carsales.com.au/cars/det...19449729/?Cr=1

Dont get me wrong i agree , id not spend that sorta money on a vs ute but makes me wonder who would spend it and if i threw mine up at 20 grad if someone would seriously pay it !

[MITCHAY]

If you can pick up a FG-X XR8 for 50-60k that is pretty good. S/C goodness.

I was looking at cars again tonight. Found a decent Monaro V2 manual with 150k kms for $35k.

Also found a 99 VT II Executive manual LS1. Ex cop so a bit rough in the interior but 190k kms for $15.5k with quite a few mods.

[lumen8]

Seems cars really bottomed out around 2015-16. During this time I bought a VX calais LS1 for 2k, and a bunch of AU fairlanes for 500 bucks each, LOL, including a silver v8 series 2 sportsman, which had an LTD grill and the 17" spoked alloys on it on top of all the sportsman bits. Granted that all had clearcoat issues except a dynamic white AU 1 six fairlane I have, but they are worth more than that to me in parts.

I remember seeing a series 1 cv8 for 12k at albury/wodonga around that time also, shouldve bought it, it was phantom black too, my favourite colour.

[MITCHAY]

My mates parents had a nice Fairlane Sportsman back when I was in highschool. I don't see many AU Fairlanes around here these days.

[Citroënbender]

Now the vaccination is beginning, will some of the “COVID prices” start to level up?

[lumen8]

Originally Posted by Citroënbender

Now the vaccination is beginning, will some of the “COVID prices” start to level up?

Perhaps depends on the type of vehicle. The used ones that do have new alternatives may stop climbing, the commercial stuff maybe.

But Im thinking our local RWD V8 sedans for one thing will do ok because there aren't really many new alternatives. There is imported performance stuff of course but typically a lot more dollars to maintain (or fix if things go really wrong).

I think many people still find the relative simplicity of the GM and Ford V8's as well as the barra cars appealing for many reasons.

Every day there are less and less of these cars also because in this country cars are declared stat write offs quite easily. I should probably be at the auctions rounding up performance Holdens and Fords and sending them to NZ or somewhere else (USA?) to save them LOL, here they are snapped up and pulled apart, some are not hit very hard at all.

It seems like a bit of a travesty to me to see lightly hit HSV's and FPV's especially get stripped down and ultimately scrapped.

[lumen8]

Originally Posted by MITCHAY

My mates parents had a nice Fairlane Sportsman back when I was in highschool. I don't see many AU Fairlanes around here these days.

Well there were not that many sold in the first place I guess, and with attrition I doubt there are many left now, they are thin on the ground.

I think a lot of decent AU fairlanes that did have potential to live on (and some LTD's) saw the end of their lives the past 5 years or so as they got old and taken to wreckers or dismantled by people for parts.

We've all seen this play out before with the 70s and 80s cars (and some 90s now) that seemed like old junk at the time that many of us sold for stuff all, and are now worth good money.

Will that continue to happen with 2000s cars? I dont know, electric might change the game this time especially if govts force the issue.

[ebv8]

some of the older less reliable cars will drop off in value i think, once people start going to back to the office and spending money on travel the Falcon V8 project they paid top dollar for will sit in the garage until the wife says, "you need to sell that POS so we can go to Bali"
a mate is in that spot now, bought a V8 Falcon and now work has normalised and less time at home its up forsale as is, half pulled apart and out of rego. my own missus made me buy a project and now i'm back at work i want to sell it to recover some money to spend on keeping my daily on the road. i'll probably get it registered first but now i'm in a hurry to do so... meaning i'll sell cheaper than i wanted to.

there must be other people who as in the same boat now and alot will be the same in a few months after the vax rolls out

also once car imports ramp up the overprice hilux's and rangers will drop hard when the discounts start rolling in on new ones
and the proper 4x4's will drop after overseas travel gets going.

"all just my opinion with no facts at all"

[Citroënbender]

Do people want to travel overseas now?

I don’t do social media so I miss out on any noises made there.

If it’s the case then all the “forever” treechangers will likely be bailing back to cities again too.

[Polyal]

Originally Posted by Citroënbender

Do people want to travel overseas now?

I don’t do social media so I miss out on any noises made there.

If it’s the case then all the “forever” treechangers will likely be bailing back to cities again too.

Things will go back to normal in a year or so IMO.

Personally we were happy to give travel a miss this year, see how Japan and EU is going next year and make a call. 2022 might be a quiet one too but I cant see it being an indefinite.

Being crapping about the "new normal" are scaremongers IMO and were pushing the headlines to get compliance straight up, I dont blame them, but I guess we will see how good the vaccine is in 6-12 months.

[anobserver]

Originally Posted by Polyal

Things will go back to normal in a year or so .......

..........Being crapping about the "new normal" are scaremongers IMO and were pushing the headlines to get compliance straight up, I dont blame them, but I guess we will see how good the vaccine is in 6-12 months.

I hope prices drop off. Our current car is getting long in the tooth, and maintaining it is cheaper than inflated used prices. Replacing it in the current market would an expensive exercise. For that reason i worry a bit about it being written off by an insurance company in the event of a minor incident, because even minor shunts can mean big repair costs.

Interesting comments about project cars.... I wonder about the number of cars bought speculatively. They can't all have been,but the more desirable (at least to me) cars have all but disappeared off the market, or been priced into the stratosphere.

[DFB FGXR6]

It's interesting to see a 5 year old XR6 go from a $20,000 or below purchase to a $30,000+ proposition.

This 2015 FG-X with 70,000 km is $31,888.
https://www.carsales.com.au/cars/det...gType=showcase

And this 2014 with 55,000 km is $29,888.
https://www.carsales.com.au/cars/det...9501709/?Cr=10

Resale value was always terrible on Falcon's. Seems all Ford had to do was to stop making them. That's about 75% resale value after 6 or 7 years, not bad at all.

I paid $59,000 for my XR8 in 2014, it's probably worth more than that now. Not often that sort of thing happens, especially on something as common as a Ford Falcon.

And no, my XR8 is NOT for sale.

[Whitey-AMG]

Originally Posted by ebv8

some of the older less reliable cars will drop off in value i think, once people start going to back to the office and spending money on travel the Falcon V8 project they paid top dollar for will sit in the garage until the wife says, "you need to sell that POS so we can go to Bali"
a mate is in that spot now, bought a V8 Falcon and now work has normalised and less time at home its up forsale as is, half pulled apart and out of rego. my own missus made me buy a project and now i'm back at work i want to sell it to recover some money to spend on keeping my daily on the road. i'll probably get it registered first but now i'm in a hurry to do so... meaning i'll sell cheaper than i wanted to.

there must be other people who as in the same boat now and alot will be the same in a few months after the vax rolls out

also once car imports ramp up the overprice hilux's and rangers will drop hard when the discounts start rolling in on new ones
and the proper 4x4's will drop after overseas travel gets going.

"all just my opinion with no facts at all"

Spot on
Once supply chains recover and the new car market gets flooded again and the VAX reaches most of the population, these inflated prices will drop hard.
Manufacturers don't want you to buy second hand so the efforts to get people into new cars will be epic. Hell..... all those folks hanging onto all those AU falcons may even be tempted to get into something new..

[Giant Cranium]

I have been watching amarok prices for over a year now as I’ll buy one when production stops for the new model.

1 year ago I could get the sportline model for 48 drive away. Now that is 56 drive away. Hopefully next year I’ll grab one under 48

[danzvtil]

A client of mine just sold his 5yo Prado for $68k, he paid $75k new.
I’m surprised by the big dealers in Adelaide trying to flog 3yo Hyundai accents for 17,18 and 19k. They were $16.5k drive away with auto when new!

[Polyal]

Ive seen some prices sofen a bit, bring on end of March.

[Stubbie]

Try and buy a V8 Toyota Landcruiser. One of my nephews bought a Landcruiser about 7 years ago for around $35k. Sold it recently to a car dealer who drove to his country town to buy it for I think around $42k. They are probably selling for $55k. I think Toyota has stopped making the V8 so people are paying stupid prices for them.

[Citroënbender]

Intéressant. That’s likely what is pushing the used prices of LX470/570 upwards.

I really thought it would have carried the Kruger more, but perhaps Toyota has too many models below the Cruiser for one to clearly lead.

White one went up quite a bit more, blue one stopped as shown.

[kaniSS]

People are just too greedy, one little thing and they mark up their prices and take advantage of their fellow man...well I say stuff you to them...
My FG won't be going for those marked up Covid19 prices. I want it gone for a realistic reasonable price... Some lucky bastard will get the deal of the century very soon lol.

[Citroënbender]

Keep it, you daft bugger!

[Mulva]

2008 G6E that has been around a bit with nearly 700k km

https://www.grays.com/lot/0001-77821...etrol?spr=true

Big respect if original engine/trans/diff

I've seen cars with less than 150k km with more wear on driver's seat than that

[DFB FGXR6]

Originally Posted by Mulva

2008 G6E that has been around a bit with nearly 700k km

https://www.grays.com/lot/0001-77821...etrol?spr=true

Big respect if original engine/trans/diff

I've seen cars with less than 150k km with more wear on driver's seat than that

I dont' think they could have used more ARMOR ALL on that interior if they tried!

[lumen8]

Originally Posted by DFB FGXR6

I dont' think they could have used more ARMOR ALL on that interior if they tried!

Dont knock it, it might be what got it past the $1990 mark

[lumen8]

Originally Posted by Mulva

2008 G6E that has been around a bit with nearly 700k km

https://www.grays.com/lot/0001-77821...etrol?spr=true

Big respect if original engine/trans/diff

I've seen cars with less than 150k km with more wear on driver's seat than that

Driveline seems to last longer in cabs for given k's, im guessing because they run all day every day non stop, less warm up cycles. They can do that much, my BA is ex cab, and now 800,000 on original engine. (not sure if the diff is original, but it sure sounds like it )

Wear on the seat I suppose is how far forward people position the seat and if they are mindful or not of rubbing on it when they get in the car. I know people who will wear the seat out in a year.

But being an ex cab its possible that thing has had the seat changed.