I bought my present car at a freezing cold auction just before
Christmas. There were quite a few lots that failed to make any sensible
amount of money. A one year old C1 barely made £2k!
I think it's true that the trade doesn't expect to sell much over the
long holiday period, and they don't want their money tied up in stock
that's deteriorating for several weeks whilst they can't sell it. Mind
you, they may be wrong about this. Most other retailers do a thriving
business during this period, so why not car retailers?
Buying a second had car is a more long drawn out process: Paperwork,
road tax, insurance, minor repairs etc. And Cristmas is a busy time.
Bought my car 4.5 years ago on ebay. Never imagined that I would do
that; not for the faint hearted. But the car was ok with only minor
On Sun, 09 Dec 2018 17:55:44 +0000, johannes wrote:
I don't think it's that. Rather, a car purchase can be deferred;
Christmas shopping cannot. I learned a valuable lesson about vehicle
values many decades ago and that is prices *do* temporarily dip over the
holiday period. This disparity is especially stark with respect to used
motorcycles as a matter of interest. For a long time back in the late
60s, I made a tidy pile out of buying used motorbikes during November and
December and flogging them again in April and May. Oftentimes I'd double
my money and AFAIK, the situation today is no different.
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