Used Car prices hardened

[profchristopher-green]

Anyone noticed a hardening of prices on used Maserati . I was looking on pistonheads and surprised to see post 2017 facelift GranT and GranC have gone up quite abit from some 6-9 months ago. New car discounting has gone down to even non existent also apparently. Seems to be happening in other brands as well.

[Tony Jaskeran]

Yes, I bought my son his first car last month so had been looking for a few months.

With the shortage of computer chips which are needed in cars now this has stifled car production. So it seems this had filtered down to second hand car prices.

My friend has just sold his DB9 back to the dealer for £10k more than he paid them in January because there is a shortage of cars everywhere.

This won’t last though, once the new car production picks up there will be a huge drop in prices.

For Maserati there are not that many around so if you have one with a good service record the premium at the moment is higher. I’ve seen GC prices and increase substantially to. So a good time to sell and cash in but only if you’re selling and not swapping.

[stewart-bailey]

Does this mean my GCabrio is only depreciating gently rather than dropping like a stone?! 😉

A number of people I know are putting their cars back on the market as prices have risen in many cases or are the same as the price they paid 18 months before and few thousand miles later.

when i checked webuyanycar my GC seems to have dropped another £10k. And…using it everyday is on its third set of front tyres in 18 months. Worth every penny though 😉

[profchristopher-green]

I dont think webuyanycar is necessarily the best indicator for GC and GT. The prices showing on  Pistonheads website seem to show the market retail prices pretty well. There were 57 cars there today.I have been watching 2016-2020 GT and GC and they are really high. Stradale GT cars have also hardened alot. I know  main dealers are offering seriously good outright sale and trade in prices to get cars. It would be nice to think it had something to do with the “last of the normally aspirated V8 “ story and not just chip shortage.

[paul-hill_1]

The used car market in general is seeing unprecedented price increases this year with overall wholesale prices increasing by circa 25% during the year so far. Generally “mainstream” cars have shown some of the biggest gains with cars such as the Vauxhall Mokka rising by 40% this year! When you consider the average car depreciates by 15% a year on average the real gains are even greater. The reason for this is simply supply and demand driven by the general lack of new cars and therefore associated used cars coming into the market. In 2016 nearly 2.7M new cars we registered in the UK, in 2020 that number was less than 1.7M…

The main reason for the lack of registrations can be associated to COVID lockdowns / shutdowns etc, this year is different however as the shortage of semiconductors is affecting the ability of Manufacturers to build new cars in quantity, again this is affecting the supply of used cars into the market and an associated rise in prices.

It appears that, in general, our Maseratis have enjoyed better residual values than in previous years or indeed as previously stated by Stewart “gentle depreciation” rather than stone like falls may well be the case on certain models.

I also agree with Tony’s comments, this won’t last forever and when the new car supply returns to more “normal” levels prices with adjust in line with market conditions, I think his advice re cashing in only if you are selling rather than swapping is sound.

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