Used Car Values Increased ?
- Thread starter Snake Pliskin
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I agree, it seems they are indeed restarting production. But I still find it odd, even more so now that it is pushing the dates back, considering the new A3 is imminent.
Seems North America get preferential treatment by Audi as they’ve kept the order books open throughout 2018 for customers in the US/Canada and dealers in the loop, many have order numbers to track production progress online…
https://www.audiworld.com/forums/audi-a3-s3-rs-3-mkii-209/no-2019-rs3-least-now-2957053/page17/
New A3 will be in the showrooms this summer (most probably July/August)…
https://www.autoexpress.co.uk/audi/...arrive-in-the-summer-with-plug-in-hybrid-tech
https://www.audiworld.com/forums/audi-a3-s3-rs-3-mkii-209/no-2019-rs3-least-now-2957053/page17/
New A3 will be in the showrooms this summer (most probably July/August)…
https://www.autoexpress.co.uk/audi/...arrive-in-the-summer-with-plug-in-hybrid-tech
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I was told by local dealer that order books and production should start in a couple of months (fairly vauge!) but they just couldn’t take deposits at the moment. However, he did say it had definitely been confirmed by their head office.
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I know someone who works for a main dealer and was speaking to him the other day, they are 100% resuming production.
Just had my Dealer contact me - sounding me out for a car change now I've had it 3 years.
I told him right now they have nothing in the range that interests - especially with a severe lack of S & RS cars.
He said they hope that some RS models will be back in their range later this year.
I told him right now they have nothing in the range that interests - especially with a severe lack of S & RS cars.
He said they hope that some RS models will be back in their range later this year.
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Stick with yours mate! Much louder and visceral which is surely why we buy these awesome 5-cylinder cars!
No chance I would entertain a current platform S3 so close to its run out.
Yeah I will for sure be sticking with my 5 cylinder soundtrack for at least another year.
To be fair, it is the first car I have EVER had for 3 years.
I am usually always itching to change after 1.5 to 2.
The RS still makes me smile - I still blip it to make the pops & bangs - it still feels special - I still admire it and love the looks.
I don't have that desire to change it, I'm still very content with it.
I'm sure the reason for this is down to it being an RS - and the drama / sound / power / enjoyment that goes with such a beast.
So I had to tell Mr Audi not to worry I have not defected to Merc or BMW, but right now I'm sticking with what I've got
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You have a queue of people waiting for yours though Snake!No chance I would entertain a current platform S3 so close to its run out.
Yeah I will for sure be sticking with my 5 cylinder soundtrack for at least another year.
To be fair, it is the first car I have EVER had for 3 years.
I am usually always itching to change after 1.5 to 2.
The RS still makes me smile - I still blip it to make the pops & bangs - it still feels special - I still admire it and love the looks.
I don't have that desire to change it, I'm still very content with it.
I'm sure the reason for this is down to it being an RS - and the drama / sound / power / enjoyment that goes with such a beast.
So I had to tell Mr Audi not to worry I have not defected to Merc or BMW, but right now I'm sticking with what I've got
TX.
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Suppose most likely down to the fact they will have “current” RS parts lying around they can flog
Suppose most likely down to the fact they will have “current” RS parts lying around they can flog
I agree ... they must have shed loads of parts now with the delays on Production.
Will be interesting to see how it all plays out with run out vs the new model platform.
Well I bit the bullet and put a valuation in for my car for the first time in ownership.
£53k ticket price with the exclusive colour, £37k trade in £38,700 private... 15k miles on the clock.
Sale price means nothing to me as the car isn’t going, but it’s got to be into the 40’s being exclusive, most options ticked and with the rarity at the moment.
I wish the car cost a lot less to maintain, eating front tyres and just disgusting prices for discs and pads... but it still doesn’t make me want to get rid. There is nothing else I’d buy, if I was to buy another car now alongside the RS or not it would be a B7 A4 all day long... just nothing that really takes my fancy from the current range for the price tags and packages they offer.
£53k ticket price with the exclusive colour, £37k trade in £38,700 private... 15k miles on the clock.
Sale price means nothing to me as the car isn’t going, but it’s got to be into the 40’s being exclusive, most options ticked and with the rarity at the moment.
I wish the car cost a lot less to maintain, eating front tyres and just disgusting prices for discs and pads... but it still doesn’t make me want to get rid. There is nothing else I’d buy, if I was to buy another car now alongside the RS or not it would be a B7 A4 all day long... just nothing that really takes my fancy from the current range for the price tags and packages they offer.
That doesn't seam a right price mate.
My car is 3 years old next month and was valued with WBAC and Evans Halshaw on line @ £31k ... so yours will be worth way more than £37k
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That's probably about right for a valuation online, but as you say, an Audi dealer will give you a bit more at trade in. Private, you should get £45k or so. Residuals seem to be holding up very well.
dno_uk
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It’s worth remembering that these automated valuation sites generate a figure based on CAP which in turn does not take into consideration any extra specification.
For a true valuation speak to a specialist who knows about desirable spec and I’m sure you’d be bid thousands more.
As Doc says RS3 values look to be holding up pretty well at present and whilst you can’t order a new I can’t see that changing any time soon.
Also when the rs3 becomes available again it will be a few £1000 more than before. More likely to be £46k starting mid 50s for a half decent spec, that should sustain and possibly even push up used prices.
Used car valuations are always way off and as it usually goes a dealer won’t pay extra in PX for options as they are desirables and don’t nevessarily add value (as I’ve been told before and total rubbish), supposedly they just make a car more attractive to another but don’t add value. If you managed to sell private you’d get the value of your options back in some form, but with the way the RS car market is now I suspect a dealer will stretch beyond their normal CAP value buying prices.
Had this doesn’t add value argument with my tracker on the S3, they said despite it costing £1000 it doesn’t add value just might make the car more desireable to somebody who wants a tracker and another incentive. Needless to say the tracker came out of the car, not giving it away for free no chance.
Yes a suspect if pressured dealers will pay over cap for rs cars at the moment. With your tracker I would agree it wouldn’t add any value to the car purely because it’s not a factory option. (But on the flip side if someone who is looking at the car wants a tracker then they may be prepared to pay a little extra). Options like tech pack, dynamic package etc will add value as they’re desirable and costly factory options.
Can anyone explain why used car values have increased so much over the last 12 months ?
I occasionally do a "online car valuation" to see what my car is worth as a guide.
My car has increased in value by £2,500 over the the last 13 months ?? WTF ??
It is worth more now than it was in December 2017
I checked 2 car valuations sites just be to sure and yes this checked out.
Of course this is excellent but it really surprised me.
Any thoughts on why ?
I posted the above back in January this year.
Whilst I have no interest in selling my car currently I got an email from webuyanycar promting me to re-validate my cars value - which I usually ignore.
On this occasion I thought I would just see what it has lost in value over the last 8 months and to my amazement it has increase by £800
After 3.5 years, the car is still worth 70% in value of what I paid for it in March 2016
Plus I know I could get more than WBAC offer if I really did want to sell it.
Pretty chuffed with that
It’s quite simple, new car prices have gone up considerably in the last 5 years. That in turn has naturally driven up used car prices. To give an example the rs3’s base price has gone up nearly 20% from 4 years ago.
The RS3 was £40k base price when I bought vs £45k / £46k now (albeit with more standard kit now) so yeah that does explain some of the retained value to a degree.
Given that the new merc a45s is a ridiculous £50k for something that’s got nothing special about it then I can see the next gen rs3 being over£50k
I agree ... & would I want to put £20k to £25k on top of my car to buy one ... atm I’m doubting that very much.
Prices have been hiked up a bit too much imo.
And that is exactly why used car prices have gone up.. the demand for them has increased because no one wants to pay £50,000 for a new hatchback
Totally agree.
I think car prices have been pushed up too high too quickly now - and the VED tax is an added sting on top.
I'm just happy I've got a car that I am content to keep indefinitely until I feel the time is right to change - and price to change will definitely factor in that.
It's because most.people don't buy new cars now, they HP or PCP them. With that being the case the sticker price can be anything the manufacturer likes as long as the monthly payments are affordable to the "buyer". The only one who suffers is the one who likes to pay for their car up front and drive around in something they actually own.
Surely its all pro-rata ... cash buyer pays more for the car outright - HP buyer has higher monthly payments ... or am I missing something ?
Based on exactly the same car of course.
I think you are spot on snake. They always “incentivise” on PCP which is how they get people, so best (as mentioned many times on this forum) is to get discount and take PCP then settle within the 14 days or whatever to pay minimum interest.
I meant it from the point of that I can't afford to buy a £50K hatchback outright but I can afford the monthly payments to lease one. Everyone else thinks like that, too, because they want a shiny new car and not the old banger they can actually afford to buy and as a result the manufacturers aren't really selling many cars any more. They've therefore figured that they can set the prices much higher because
a) it doesn't matter to all the punters who only want to know what it'll cost them per month and
b) if they do get a poor sod in through the door that wants to pay cash they're laughing because he/she's having to shell out a small fortune!
In a nutshell, what I'm trying to get at is that (in my opinion) the marketplace has reshaped car pricing due to the proliferation of the PCP.
a) it doesn't matter to all the punters who only want to know what it'll cost them per month and
b) if they do get a poor sod in through the door that wants to pay cash they're laughing because he/she's having to shell out a small fortune!
In a nutshell, what I'm trying to get at is that (in my opinion) the marketplace has reshaped car pricing due to the proliferation of the PCP.
Yep completely agree.. people don’t really care how much the car costs... and in reality it doesn’t matter how much car the car costs... as long as you’re happy with the monthly payments and will keep the car for the term of your agreement
It’s all down to the difference between cost and residule. Not the price of the car. So the boom in new car prices has naturally risen the used car market. (It has too! because manufacturers are setting these high balloons to offset the cost of the cars new price and therefore making an attractive monthly cost)
So really the car manufacturers have created a rod for their own backs.
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Agree with that last comment. I think the prices of cars has gone mad. I also think used car prices are due a correction. I’ve been looking for months now and used cars aren’t selling but prices aren’t budging either. The time will come soon when surely car dealers will be under pressure from their banks to shift stock.
