Used Car Market Now

lindhouse

Been looking for a cheap to run Auto and the asking prices seem very high - e.g 11k for 2017 import Yaris with 100k+.

The garages seemed fairly quiet this weekend, went up to AMCC near Lusk and they had a lot of cars that either were sitting there unvaleted or had been sitting for some time. Toyota main dealer was quiet too.

We can wait another 6 months to buy so in no rush for the prices to come down a little closer to earth, as I'm not convinced stock is flying out the door. And hoping between the Windsor Framework, Interest rates and UK price drops we start to see some more value in the market.

What are people seeing out there?

fitzparker

Used car prices have shot up, I wasn't aware until my car was written off (other driver at fault)

I paid 3k privately in 2018 for a 2008 VW golf

When I was told my car was written off I panicked as I thought id only get around 1k for it now

To my surprise, I was offered almost 5k

I was able to purchase another car 3 years younger and half the miles.. although I wish I never had to change

User1998

Prices aren’t going to decrease massively, just some normal depreciation, maybe €500 or so over a 6 month period.

Petrol automatics have always been expensive, and AMCC is the most expensive garage in Dublin.

lindhouse

Yeah I accept it's shot up - but only 1 auto under 3k (excluding the junkers) and it's a 16 year old Lexus with 300k. Under 5k the best you'll get is a 2011 Clio.

Just seems very high for what are cars that will come with issues and are "first time" cars.

bazz26

Cheap to run automatics have always been expensive even before the current bubble. Limited supply and strong demand keep prices high so prices are not going to drop dramatically over the next 6 or 12 months.

User1998

https://www.boards.ie/discussion/comment/121688899#Comment_121688899

What do you mean excluding the junkers? Theres loads of decent automatic Toyotas, Hondas, Nissans, Mazdas all for under €5k.

rob316

There is some serious crap holding value.

I got a 2013 1.6 Focus Zetec the other day for €4k with 150k miles up on it which I thought was pretty decent in the current market. There is always someone looking to get rid of something fast.

kermitpwee

https://www.boards.ie/discussion/comment/121689472#Comment_121689472

I hope its not the diesel as they are a ball of Junk in general. If serviced religiously on time they can be okay

rob316

https://www.boards.ie/discussion/comment/121693568#Comment_121693568

Diesel ya, I had one about 5 years ago, it never gave me an ounce of trouble.

kermitpwee

https://www.boards.ie/discussion/comment/121693632#Comment_121693632

Thats great unfortunately they are known to be very troublesome and shouldn't be recommended to anyone.

mac167

Seems to be stabilised as far as I could tell, dealers are happy to let the stock sit in for a while rather than letting them go at a lower price.

flatty

UK used market is softening a lot since the recent insanity. It always has the open tap of end of lease cars entering the market though.

How this will knock on to Irish prices I'm not sure but I suspect it will have the effect significantly dampened by brexit.

naughtysmurf

My young lad has a 08 Seat Ibiza, 1.2 petrol that he’ll be selling shortly, with a years tax, fresh nct & serviced, there are a few on DD ranging from €2200 to €3500, are they really getting this kind of money or are they dreaming?

sligopaul

from looking at this end of the market for one of my young lads, at the top end of your price range it will sit and at the lower end it will sell quickly if it looks well with the fresh nct

Repo101

Delete

rob316

Just from my limited search on the focus I bought prices for the same car and similar mileage were ranging from €4500 to €7500, alot of dreamers out there. I was looking for a Caddy too, people with 2012 Caddy with over 300km asking €6000. Bonkers

Sarcozies

The market is crazy but similar to other markets like housing is being experienced by a lot of countries.

Ireland is probably one of the worst nations to buy a used car in anyway:

Small populous

Island

Left hand drive

The above is not going to change and will always impose a premium if you buy in Ireland. The market looks like it has peaked but it will be slow to decline and who knows if it will ever retract to where it was pre COVID.

I'm not familiar with car tax in other places but I'll assume Ireland is one of the higher ones in the world.

Basically, you're going to get shafted from every angle.

Buddy Bubs

https://www.boards.ie/discussion/comment/121698454#Comment_121698454

I sold my mother's 09 Micra today for 2500 with fresh NCT and 6 months tax. Had it up for 3000 someone messaged asking if I'd take 2500 I said yeah no bother

naughtysmurf

Stuck the 08 Ibiza up on DD Wednesday evening for 2500 with a view to getting 2000, had it sold Friday evening for 2000, just 200 less than he paid for it in 2019

md23040

Noticed a car dealership in Donegal selling a Nov 2023 Tesla for €43,900 with 1400km. Pointed out the following to the salesman that remained firm on the price

1. Costs €42,900 for a New 3 with 4-6 delivery schedule.
2. The one being sold is an older model with less range. The 3 had a major facelift and upgrade from Jan 2024.
3. The car is a standard issue whilst all 2nd hand Tesla 3s sold by the brand have the software upgraded to enhanced autopilot as standard.
4. Seems weird for a dealership in the NW to have car under 5 months old. Most Tesla demo are AWD and this RWD and the salesman could not explain the history.

Some poor mug that doesn’t do their research will end up buying from these gougers. Maybe it’s time we do a Sweden and change from the left side to right driving. Especially as the 2nd car market from the UK has become prohibitive as a result of Brexit taxations, and instead we could increase sharply the abundance of rust free vehicles from the continent.

Sod NI on this, there would be ways around this. Insurance claims in Sweden reduced sharply after a few weeks when they changed in the early 70s.

galvo_clare

The Swedes were driving lhd cars on the left at the time. That’s why accidents went down.

bazz26

Not this again.

goochy

no more

_Kaiser_

We just need to wait until autonomous driving gets to the point of being reliable and safe - then we can put this lad in charge...

Sam Russell

Changing from driving on the left to driving on the right will never happen as it would cost a fortune just to move the road signs to the other side of the road.

What is more likely is that the change over will occur within the car itself. Already, cars are going automatic so no gearstick or clutch to change over. Also, the dash is now a video screen, so is easy to move. That just leaves the steering and brakes.

If cars are designed to be swapped over, then it will be easy and cheep to do. It might take the EU to require it, but it could well happen.

jmreire

https://www.boards.ie/discussion/comment/121877035#Comment_121877035

I was speaking to a friend of mine who is in the motor trade during the week, and he was telling me that at some stage in the future, we will be driving on the right hand side anyway, because motor manufacturers will not build RHD cars simply because the RHD market will be too small. Could he have a point?

yagan

https://www.boards.ie/discussion/comment/121877196#Comment_121877196

A third of the global population live in countries that are RHD. Plus with the EU/Japan deal expect to see a lot more Japanese imports, especially K cars are they are more suitable for cities than most SUVs on our roads.

Buddy Bubs

https://www.boards.ie/discussion/comment/121877196#Comment_121877196

He has no more insight into what manufacturers will be doing then the local parish priest!

hello2020

https://www.boards.ie/discussion/comment/121877196#Comment_121877196

India is huge n possibly the largest market for potential growth where they drive on left

goochy

Please stop its been brought up before ..it goes no where and discussing on here won't have any effect

Marcusm

https://www.boards.ie/discussion/comment/121877196#Comment_121877196

If he had a point then it would have applied over past 40 years. As we move more towards drive by wire, the ability to have the steering wheel on either side becomes little different to changing seats.

goochy

no more

jmreire

https://www.boards.ie/discussion/comment/121877361#Comment_121877361

Maybe we should all "Submit to Send" to you goochy, before posting ?

goochy

Its been discussed before , people are bored with it - its not relevent to used car market 2024

md23040

https://www.boards.ie/discussion/comment/121880044#Comment_121880044

Well it was an aside comment given that an additional 23% Vat charge on top of high levels of VRT means the price of second hand vehicles in Ireland getting totally out of hand, and my observation of being absolutely cheesed off some garage trying to charge €1000 more than the retail price for an older style less spec’d car, shows how far some of these dealers are out of touch with reality even when it’s pointed out to them.

Like who would pay more for a used car in such circumstances? And again the RHD point triggered the conversation to look at the potential for cars in the future to be driven either side which is an interesting point, that would not have been raised had it been decided certain forms of conversation could not be raised.

So what’s the harm, and no as a seldom user I didn’t see the string before nor feel the need to search the discussion subjects for fear of bringing up something discussed subjectively previously.

bazz26

There is nothing stopping anyone from buying a LHD car from the Continent. Going to the expense of switching the country to LHD won't make LHD cars any cheaper. Our tax system is setup to protect the domestic car market here where Government is influenced by the various lobby groups with a vested interest. If we all started importing LHD cars from Europe you can be sure the likes of VRT would increase or they would introduce some made up tax to protect the home market.

md23040

Stand to be corrected but isn’t the UK the only country within the EU to have VAT added to used cars over 6 months old and 5k kms and this has been introduced as a result of the UK leaving the single market.

bazz26

No, any car imported with less than 6k km and 6 months old is subject to VAT as it is deemed a new car by Revenue. VAT applies to UK used cars irrespective of age or mileage because they have left the EU and single market.

md23040

Yes that’s what I was saying but so badly articulated by me 🙂

HBC08

https://www.boards.ie/discussion/comment/121880600#Comment_121880600

That car dealer knows more about the market than you ie the car is worth what somebody is willing to pay for it.

I was test driving two cars at two different garages at the weekend. The salesperson in both cases hadn't a notion about the cars in question and couldn't even answer the most basic stuff.Both cars were comically over priced and 5 mins on donedeal or carzone would tell you this.

However you have to remember there's a large cohort who won't do their research and don't put much thought into their cars.Somebody like this will walk into that garage your talking about,pay the asking price for that Telsa and walk out delighted with themselves.