Used car prices

[DTFRMONT]

Originally Posted by FPV414

Another observation - Yes Carsales ads have dwindled, but is anyone actually buying off there? Free platforms like Gumtree and Facebook Marketplace have taken off. Most people don't want to spend the ridiculous money Carsales are asking to advertise now. I have found most of the cars I currently own off market or through Facebook.

I prefer to use Carsales when selling, yes they're not cheap to advertise on anymore, but I find that the 'quality' of enquiries is better, no way near the number of scammers and messages from 'final price' lowballers that I seemed to get when advertising on Gumtree. Taking the time to give the car a good clean to take lots of good quality photos is also a must to get a good result.

When my uncle passed on a few months back, we got the job of selling his tidy GQ Patrol Ti. Gave it a good clean, got it roadworthy, we thought we were a bit cheeky putting it on Carsales for $17.5K. First person to look at it bought it, for the full asking price.....

[GetToTheGone]

I just traded in my 2011 XR6 limited edition ute, the car yard have put it on the lot for $20,900.
I paid $19,990 for it 6 years ago. Crazy.

[JasonACT]

I saw one being test-driven on my way home from work today, going past me in the other direction with the driver looking quite happy, it had $27,990 written on the windscreen. I need to talk to NRMA about what mine's really worth, I think I got them to agree to $21K a few years ago when I switched insurers.

[Mulva]

Not if he wants an FG F6. Maybe he doesn't want a C63 as he does not have an Adidas tracksuit.

That is the bit you don't get - if someone wants a VN Group A, it does not matter if an i30N is faster or cheaper, an i30N is not a VN Group A. If someone wants a classic Falcon, they give no ****s if a Camry or Aurion or your Avalon is faster/cheaper/more economical, because it is not a classic Falcon.

Sometimes people want a car that you don't - you need to accept that is ok as not everyone is buying for the same reason(s) as you. If buying a daily runabout then all the things you bang on about are definitely worth considering - but when someone is buying a car for emotional reasons, a car they have always wanted, then all that stuff that is so important to you is not important to them.

If someone wants an FG F6 they should do their best to get an FG F6 and enjoy it. You don't need to understand it, just accept it.

[DJM83]

Originally Posted by Fiji

This quote can be used to rebuff any comment you will ever make

An own goal, half volley, self sabotage checkmate

Funny how you leave the good bits out my post
Sorry son.
You don't have a clue, my post went right over the top of you.
You'll never understand it.

I'll a say it again. I'll take a FG F6 over a C63 any day ending in Y. Have a think as to why, I know you'll not work it out.
It's because it what I want, not what some bloke who's asking his mate in the know what everyone wants and what they should pay.
Same as the VN thread you contributed nothing to.

[Jack91]

Originally Posted by Fiji

I’ll tell you why the wind will fall out of the prices.

When prices were reasonable, car sales had 230000+ ads on it. Through COVID ads have fallen under 100,000 ads.. supply is relatively short.. this is a temporary event

Once we get vaccinated, Australia opens up, people start using public transport again without the fear of the virus. all those used cars are not needed, flood the market

Then new car supply catches back up, it is a well known issue supply was slowed through COVID, dealers are selling a years worth of allocated stock before June.. pushes prices up in used cars.. when new car supplies catch up (and they will) again people will dump their used cars..

Car sales ads will go back up to normal and maybe even higher to 300,000ads.. watch the prices tumble. Hold out another year to 18 months.. let’s see if I’m correct..

All the people buying used FPV with high km for $65k etc are ridiculous suckers, watch the **** fall out of the market. People say but they are rare /discontinued, something new will blow them away at lower prices ..

Always compare what else you can get for the money, even in today’s times.. AMG C63 or a fpv f6,, haha.. you guys are better than this.

The current prices are like a tsunami, know that the water will always recede back to its natural place / level

Agree.
Even if people are set on an fpv or hsv, usually the wallet does the talking, hence so many great walls, Mahindra's etc on the road. Can't honestly say they didn't want a Hilux or ranger instead.
As for the prices receding, I don't know how or what will trigger that, as USA also has massive price inflation now, it's not just here.

[Ben73]

Originally Posted by GCRXR6

............Whilst currently you have Boomers retiring with more cash than they can possibly spend, .........

There would be many more boomers not in that category, than in it. What the hell has society today, got in their heads about "Boomers"

You're flaming insulting people who new what tough times were, and struggled to put a meal on the table for their kids. Many of them don't even own a home, let alone a flaming palace.

Sorta like the "millennial lazy and entitled, doesn't know how to function with out phone, millennial can't drive manual or change tyre" attitude that is pretty common on websites like this.

Other side of the same coin.

[Bossxr8]

Originally Posted by FPV414

Another observation - Yes Carsales ads have dwindled, but is anyone actually buying off there? Free platforms like Gumtree and Facebook Marketplace have taken off. Most people don't want to spend the ridiculous money Carsales are asking to advertise now. I have found most of the cars I currently own off market or through Facebook.

Didn't some brands (or all?) put bans on advertising stock on carsales last year?

Would also explain the drop off in listed vehicles, as well as the semi-conductor/covid related shortages.

[oldel]

Originally Posted by Fiji

The pricing is not for the wiggle room but to see if you can find a sucker first, hit them for a home run? If they agree to buy at the asking price do you disclose that there is wiggle room?

Even if you have a prospective buyer that lacks bargaining confidence they always try the "what's the lowest you'll go" Or "what's you best price".
I've yet to meet anyone that will pay asking price unless you've stuffed up and advertised too cheap and they know their stuff so know they're getting a bargain. Even then they'll rush over and put the pressure on straight away because they don't want to lose out on a bargain and still try bargain down once they're in front of you (while your phone is ringing crazy to get to you LOL).

In general people that don't know what they're doing don't buy private sale s/h items. You're dealing with people in the know, will always bargain and even if you get a newbie they'll ask for best/lowest price anyway.

[rare ss]

Originally Posted by oldel

Even if you have a prospective buyer that lacks bargaining confidence they always try the "what's the lowest you'll go" Or "what's you best price".
I've yet to meet anyone that will pay asking price unless you've stuffed up and advertised too cheap and they know their stuff so know they're getting a bargain. Even then they'll rush over and put the pressure on straight away because they don't want to lose out on a bargain and still try bargain down once they're in front of you (while your phone is ringing crazy to get to you LOL).

In general people that don't know what they're doing don't buy private sale s/h items. You're dealing with people in the know, will always bargain and even if you get a newbie they'll ask for best/lowest price anyway.

I paid $500 more than the asking price when I bought my F6 privately, was advertised, I spotted it, viewed it the next day.. agreed to the price then the owner had second thoughts, $500 extra sealed the deal.. the car was prolly 5k under market value at the time so I wasn't fussed

[FPV414]

Originally Posted by rare ss

I paid $500 more than the asking price when I bought my F6 privately, was advertised, I spotted it, viewed it the next day.. agreed to the price then the owner had second thoughts, $500 extra sealed the deal.. the car was prolly 5k under market value at the time so I wasn't fussed

What was an R Spec worth back then ? Lol. Bet he regrets it now.

[rare ss]

Originally Posted by FPV414

What was an R Spec worth back then ? Lol. Bet he regrets it now.

I knocked the R spec down from 20k to 18k, mainly due the the condition as it needed some love, that was mid 2018 I think..

I got the FGII F6 in 2015 for 45.5k, prolly still worth the same now with an extra 100,000kms on the clock lol

[fiestaz]

Originally Posted by Fiji

Beautiful post.. I wish I could tattoo this on buyers heads. People will buy the cheaper car thinking they did good, but it almost always results on more money spent and still a worse car if they bought the low km version to start with and pay a bit more.

Just because a car has low kilometres doesn’t mean it’s good.

Very poor advice.

[MercuryT]

Originally Posted by fiestaz

Just because a car has low kilometres doesn’t mean it’s good.

Very poor advice.

Agree.

A higher mileage car with an excellent history and owner type is a far better prospect than a lower Klm car with patchy history or unknown drivers/owners.

[Ben73]

Originally Posted by Fiji

Beautiful post.. I wish I could tattoo this on buyers heads. People will buy the cheaper car thinking they did good, but it almost always results on more money spent and still a worse car if they bought the low km version to start with and pay a bit more.

Nah low Km doesn't mean good.
I think time kills cars more than kms.

A friend bought an 18 year old car with 55,000kms on it and it was garbage.
Some of my work car had 550,000kms on them and were more reliable than his older, low km ****box.
Having said that our work cars were only 3-4 years old with 550,000km on them

[Pis-ton broke]

i use carsales,bikesales,facebook and gumtree. if your selling a car worth 10k+ , why get tight on advertising.
i also search carsale private adds, but i think gumtree and facebook have better deals.

[MITCHAY]

I have to admit looking through the ads for Aussie cars since the demise. I never thought it was going to happen. I want a V8 and a manual

I found what I thought was a real pearl on Carsales. 2000 VT Series II SS, LS1, 6spd, 115k kms, Tiga mica all original.

The only issue was the headlining was drooping and the bolsters on the seats were not so great but you can fix that.

$21k in QLD. If it had of been closer I would of been keen but was sold before I could have even given it a serious thought

[slowsnake]

Originally Posted by MITCHAY

I have to admit looking through the ads for Aussie cars since the demise. I never thought it was going to happen. I want a V8 and a manual

I found what I thought was a real pearl on Carsales. 2000 VT Series II SS, LS1, 6spd, 115k kms, Tiga mica all original.

The only issue was the headlining was drooping and the bolsters on the seats were not so great but you can fix that.

$21k in QLD. If it had of been closer I would of been keen but was sold before I could have even given it a serious thought

4 years ago I drove from Perth to New Norcia, fair drive to see a Ford Fairmont for $1500 as a parts car, 180,000 klm, I asked on phone are they genuine, yep, hesaid that's what speedo says?....I said that's not genuine, that's what's on the clock, I said the car pics look good, you mentioned sagging headlining, but out side it was straight and white, I got there eventually, bad directions, he had number 1 plug out, I said no spark, he said no, its full of water?...bit of a yokel, I said its got a blown head gasket, you brought me all the way here to look at this sh.tbox?...he said no it starts, looked inside, and it was trashed, I said mate this speedo has been around the clock?...he said no I haven't touched the speedo honest

I declined to buy it, I wanted panels and electronic dash unit for heater etc, dident have one, I said mate you told me it was a Fairmont, he said no it's a Futura, I said you be better off parting it out, or drop price and say it's got a blown head gasket, he said no it just fills with water in the front cylinder, I couldn't help but laugh, I mean it was laughable meeting an absolute idiot!

Not talking about your car but it reminded me of this episode in my life


Cheers Billy

[Poetic Justice]

Originally Posted by Bossxr8

Didn't some brands (or all?) put bans on advertising stock on carsales last year?

Would also explain the drop off in listed vehicles, as well as the semi-conductor/covid related shortages.

New car stock would be a massive contributor to this.

As far as bans go - it does happen and is usually sparked by dealers rather than the manufacturer themselves. Hyundai for instance, if you look up new car stock you'll find an "Indicative drive away price".

Carsales also has practically every version of a car, model and colour selections listed on carsales whether the car itself exists or not. This has been a very frustrating thing for dealers as we get leads generated on these 'generic ads' that we have to pay for even though we cannot supply the car.

[prydey]

Originally Posted by Poetic Justice

New car stock would be a massive contributor to this.

As far as bans go - it does happen and is usually sparked by dealers rather than the manufacturer themselves. Hyundai for instance, if you look up new car stock you'll find an "Indicative drive away price".

Carsales also has practically every version of a car, model and colour selections listed on carsales whether the car itself exists or not. This has been a very frustrating thing for dealers as we get leads generated on these 'generic ads' that we have to pay for even though we cannot supply the car.

I recall something similar to what bossxr8 mentioned. Came across this via google search
https://www.smh.com.au/business/auto...010-2vbg2.html

Not sure if it's what he was thinking of, but like you say, it's more dealer driven and was to stop internet shoppers pitting dealers against each other or something.

[DTFRMONT]

Here's something that is very reasonably priced (at the moment), a bog-stock EA2 GL, in a 5-speed (CFI motor though). Totally original, with an unusual blue interior, would certainly turn some heads at a Sunday Cars & Coffee. Notice it has a reserve......

https://www.grays.com/lot/0001-50007...sedan?spr=true

[Tassie f100]

Would that be an ex QLD cop car

[oldel]

Originally Posted by DTFRMONT

Here's something that is very reasonably priced (at the moment), a bog-stock EA2 GL, in a 5-speed (CFI motor though). Totally original, with an unusual blue interior, would certainly turn some heads at a Sunday Cars & Coffee. Notice it has a reserve......

https://www.grays.com/lot/0001-50007...sedan?spr=true

pfft, if you like blue interiors look at bmws with ultramarine interiors, main reason why I bought mine. I love old non grey/beige or black interiors like ford and many used to do up to about 1990.
Mine's the budget 2.5L i6 but still has more power than old falcon 3.9L (1990 e34 525i but has mpi, coil on plug and 24v). Unfortunately the previous owner put in beige seats so I'm restoring it all back to blue.

Maybe even look at an older one, eg this one is a bargain https://www.gumtree.com.au/s-ad/wodo...ner/1278190565

E: (IMO the reason why it's not starting is because it needs an ignition module, very common problem on pre 1990 bmws and so many sold dirt cheap because they don't know that)
Bonus if you buy it and live in vic that's close to where all the parts hoarders and wreckers are for old bmws (peninsula bm and the guy in tassie).

speaking of tassie:
https://www.gumtree.com.au/s-ad/hoba...35i/1278606653

[FPV414]

Originally Posted by Fiji

Just consider what else you can buy for the same money, reprice the car accordingly. You dont have to pay the asking price

For instance that VN group A that sold for $400k is ridiculous. You could have bought a McLaren 650s

Let me tell you what a McLaren does... I drove one a few years back in western Sydney.. people were hanging out of cars riding along side taking photos. Everyone at the set of lights had something to say.

I pulled up at a cafe that could see the carpark.. just about everyone got out of their Seat to watch "who gets out".. the owner of the cafe was fully booked but he pulls a table from somewhere and had it setup before I could say hello. Perfect service

Imagine if I pulled up in a VN group A. Fully booked mate F-off.

Any photos? Story sound tall. Like a 2.77.


Sent from my iPhone using Tapatalk

[Citroënbender]

Where are 60’s SWB truck prices heading, not just Effies? Is the market favouring patina, resto-rods, rats, or faithful restorations?

[MrEL]

Originally Posted by Fiji

Just consider what else you can buy for the same money, reprice the car accordingly. You dont have to pay the asking price

For instance that VN group A that sold for $400k is ridiculous. You could have bought a McLaren 650s

Let me tell you what a McLaren does... I drove one a few years back in western Sydney.. people were hanging out of cars riding along side taking photos. Everyone at the set of lights had something to say.

I pulled up at a cafe that could see the carpark.. just about everyone got out of their Seat to watch "who gets out".. the owner of the cafe was fully booked but he pulls a table from somewhere and had it setup before I could say hello. Perfect service. Go to a hotel and park at the front door no problem.

Imagine if I pulled up in a VN group A (also paid $400k). Fully booked mate F-off.

Then I woke up , grabbed the tissues and wiped myself up.

Have driven and been in a few customers cars at work. Lambos , McLarens. Have ridden a couple of Ducati panigales.
Yep Euro stuff can be pretty cool.
But most serious enthusiasts that have these also have a couple of classic American or Australian muscle cars as well.
Bad tempered, bad mannered pigs of things to drive , but very cool for a whole pile of different reasons.
These people are the ones who have the cash and buy what they want to suit themselves and don't care what anyone else thinks.
The people who buy just on the basis of how they get looked at in the car , are people just trying to be noticed and living the life on the banks money.
They don't have it themselves.
Classic example was a well known Sydney underworld figure that lived in Bellevue Hill.
His now ex wife who was a heiress to a huge Australian company had a custom painted Bentley continental , a Super Legera to go shopping in and a Ferrari.
He had another Lambo , a McLaren and the rest of the toy box consisted of Harley's, Brock Commodores , GT Falcons (both genuine and replica) and a few Mazda Rotarys.
He bought what ever he wanted and simply wasn't interested in what people thought.
He would sit there and talk to us for hours on how each car was awesome in its own right and they were all just as enjoyable to drive as each other.
It's good sometimes to rub shoulders with the genuine movers and shakers in society.

[oldel]

Horses for courses and obviously the tax rate is too low for the wealthy LOL

[oldel]

Originally Posted by Citroënbender

Is the market favouring patina, resto-rods, rats, or faithful restorations?

yes ;)

Again, not one size fits all, people look for different things.
Some like original paint and prefer old worn patina over a respray, some like restored mint looking ones (but still original mech), others are going to modify them for modern day reliabilty to use them as a daily so want a modern driveline.

There's not really enough of them sold out in the open. If I had one I'd try get more (money), for less (work/paint/mod). If that doesn't work and no bites after 6/12m I'd consider restoring and tripling the price LOL.

[asagaai]

Originally Posted by Fiji

The steering is weird as you have to turn very late as it just hooks hard. Very prominent turbo sound, pulls very hard and very laggy.

Hey- throw you a bone- no need for the McLaren.

Buy a Mk 8 Ford Fiesta ST, you get that pinpoint sharp steering, turbo sound, hard pull second gear up- AND Reliability and a 5 YEAR WARRANTY.....

[fiestaz]

Originally Posted by asagaai

Hey- throw you a bone- no need for the McLaren.

Buy a Mk 8 Ford Fiesta ST, you get that pinpoint sharp steering, turbo sound, hard pull second gear up- AND Reliability and a 5 YEAR WARRANTY.....

Totally correct.

It’s often said a fiesta is a lot more fun than a car worth half a million+