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Overfinchbespoke



Member Since: 04 May 2010
Location: Wirral
Posts: 77

United Kingdom 2003 Range Rover Vogue 4.4 V8 Giverny Green
Second Hand Prices

Good evening FullFatters. Hope you are all well.

Would like some more opinions on the second hand market please.

With everything that's going on with the economy, do you think that used prices will start to drop??

Have been holding off for a 5.0 Supercharged to see what happens.

All thoughts will be gratefully received.

Thumbs Up Thumbs Up Thumbs Up Thumbs Up Range Rover 2002 P38 4.6 Vogue
Range Rover 4.4 Vogue. Black
Range Rover 4.4 Vogue. Giverney Green
Mercedes S600L
Mercedes SL500 AMG
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Mulsanne

Post #623465 12th Feb 2022 6:03pm
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alanm_3



Member Since: 19 Feb 2011
Location: my House, unless I’m not at home, in which case I’m somewhere else.
Posts: 6646

Scotland 2017 Range Rover Autobiography SDV8 Loire Blue

Having been watching the prices for a while now, I’ve seen a slight softening but it’s still got a long way to go to reach what we could regard as “back to normal”. Got - 2017 SDV8 Autobiography in Loire Blue
Had- 2008 TDV8 Vogue SE in Java black
Had - 2007 S/C in Stornoway Grey

Post #623466 12th Feb 2022 6:08pm
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Caesium



Member Since: 21 Sep 2021
Location: Essex
Posts: 451

United Kingdom 2012 Range Rover Vogue SE 4.4 V8 Santorini Black

I’m after a facelift 405 but I’m waiting to see what happens to prices. I could get a brand new X5 40d fully loaded with every option for the price of a second hand 405 at the moment. Christian.


Current Cars
2011 Range Rover Vogue SE
2020 BMW M4 Competition
2019 BMW X4

My RR Blog: www.facebook.com/L322Project
or
https://www.fullfatrr.com/forum/topic61540.html

Post #623467 12th Feb 2022 6:15pm
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Mr Tee



Member Since: 13 Dec 2010
Location: Near Wackyjim
Posts: 2598

Scotland 

In the same boat . We’ve all seen the incredible boost to 2nd hand values over the last 2 years . I’ve talked with loads of dealers and economists recently and they’d both have you believe different stories . At the end of the day only the market will decide the outcome. Personally, I have my fingers crossed for a big drop by the end of the year, only time shall tell. However based on feedback from financiers in the automotive industry , they have had bumper months for quite some time..

Post #623468 12th Feb 2022 6:34pm
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Kot



Member Since: 10 Mar 2021
Location: broadland
Posts: 1071

United Kingdom 

While there is a chip shortage 2nd hand price will remain high in my view 2018 SE SDV8 4.4 Byron Blue

Post #623469 12th Feb 2022 7:01pm
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JayGee



Member Since: 27 Jul 2021
Location: London
Posts: 2570

United Kingdom 2012 Range Rover Vogue 4.4 V8 Orkney Grey

No likley change anytime soon due to ongoing chip shortages as mentioned plus other factors like a lot of spare cash in the hands of certain buyers from savings made during lockdown. It may well be that prices simply do not drop back to 'normal' and the best to be expected is that they may stay level. 2012 TDV8 Vogue (L322)

Post #623503 13th Feb 2022 7:07am
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SS.Lyria



Member Since: 01 Dec 2016
Location: London
Posts: 242

United Kingdom 2014 Range Rover Autobiography 5.0 SC V8 Loire Blue

I look at Full Fats daily on autotrader and think prices have softened a tiny bit in the last few weeks.

What I have noticed is that quite a few haven’t sold for a month or 2. I don’t enquire to see if they are still available as they might have sold but haven’t been removed by the garage because they are still getting their business advertised.

What hasn’t changed in my experience is the PX price still allows the dealers to factor in very large profit margins Big Cry

Post #623537 13th Feb 2022 10:25am
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DrRob



Member Since: 16 Apr 2015
Location: Petersfield, Hampshire
Posts: 4202

United Kingdom 2011 Range Rover Vogue SE TDV8 Buckingham Blue

As soon as chip shortages ease and new car delivery time drop then so will second hand prices. 2011 4.4 TDV8 Vogue SE Buckingham Blue with Ivory and clear glass = "Rory"
New Defender D300 90 on order so "Rory" will be going to a new home....!
1974 Series 3 Lightweight = "Millie"
My preferred specialist: www.glenrands.co.uk
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Post #623544 13th Feb 2022 11:10am
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RRV8SC



Member Since: 02 Oct 2021
Location: SW London
Posts: 142

United Kingdom 2015 Range Rover Autobiography 5.0 SC V8 Santorini Black

I sold a car last September for £33k on WBAC, it should have been around 19-21K in the real world. I have just checked and it would be £29k now. So way more than it should be worth but softening a little from the peak.

My RR has dropped from a peak of 45k to £40k over the last 6 months and my BMW M3 is fairly static.

Don't know if any of that helps?

Post #623557 13th Feb 2022 12:23pm
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Bill



Member Since: 18 Nov 2017
Location: Essex / Normandy
Posts: 1157

United Kingdom 

BMW & Mercedes’ (possibly Audi) said , coming out of the chip shortage, they intended to manage the supply of the top end cars to maintain price levels and avoid discounting.
IMHO that’s the only reason JLR has stuck a price tag of 125k on its new offering. Maintaining a high price level for their top end. On that basis second hand cars should hold up.
Of course there will be a moment, when all of the first new FFRR orders are being delivered , and there should be a mini flood of full fats on the market…. Will there be enough demand to soak them up? … I suspect it will come and go fairly swiftly with second hand prices firming again. At least a choice. Filters are in fact so good that in certain circumstances, when the ambient air is already polluted, a diesel car will tend to extract more particles from the air than it emits. Emissions Analytics worked with........etc etc

He who dies with the most toys wins...

Post #623570 13th Feb 2022 1:43pm
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alanm_3



Member Since: 19 Feb 2011
Location: my House, unless I’m not at home, in which case I’m somewhere else.
Posts: 6646

Scotland 2017 Range Rover Autobiography SDV8 Loire Blue

God love those manufactures who think they can dictate to the market on how prices will hold up, I think that tactic could be very short lived. Got - 2017 SDV8 Autobiography in Loire Blue
Had- 2008 TDV8 Vogue SE in Java black
Had - 2007 S/C in Stornoway Grey

Post #623575 13th Feb 2022 2:11pm
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JayGee



Member Since: 27 Jul 2021
Location: London
Posts: 2570

United Kingdom 2012 Range Rover Vogue 4.4 V8 Orkney Grey

New car prices as with most things are not based on the cost of manufacturing + a % profit but on what the market will take. 2012 TDV8 Vogue (L322)

Post #623585 13th Feb 2022 4:45pm
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JayGee



Member Since: 27 Jul 2021
Location: London
Posts: 2570

United Kingdom 2012 Range Rover Vogue 4.4 V8 Orkney Grey

SS.Lyria wrote:
I look at Full Fats daily on autotrader and think prices have softened a tiny bit in the last few weeks.

What I have noticed is that quite a few haven’t sold for a month or 2. I don’t enquire to see if they are still available as they might have sold but haven’t been removed by the garage because they are still getting their business advertised.

What hasn’t changed in my experience is the PX price still allows the dealers to factor in very large profit margins Big Cry

If it's not sold for a few months likley there are other reasons apart from price. Dealers need larger margins as their costs over the last years have not fallen in line with sales so they need to increase profits to make up for the losses - simple business practice. 2012 TDV8 Vogue (L322)

Post #623586 13th Feb 2022 4:50pm
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SS.Lyria



Member Since: 01 Dec 2016
Location: London
Posts: 242

United Kingdom 2014 Range Rover Autobiography 5.0 SC V8 Loire Blue

I think price will be a deciding factor on some of the examples for sale. Over £20k for a 10 year old Full Fat that’s expensive to run, tax and insure.Most have covered nearly 100k miles. Factor in Land Rovers legendary history of reliability and I can see why some people would be hesitant.

If things get back to normal sooner rather than later, these 10 year old examples could soon be worth a lot less. Depreciation should be one of the least concerns on cars over 10 years old.

I understand the business model, but I contacted a dealer about a 2017 L405 they had for sale, he offered me £28k on mine in PX, whilst having one very similar to mine on his forecourt for £42k Shocked
Not exactly the sort of deal to encourage my business.

But supply and demand will always dictate price. I don’t mind warm fingers just not so keen on scorched Big Cry

Post #623599 13th Feb 2022 6:30pm
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RiverBlanche



Member Since: 20 Apr 2021
Location: Retford'ish
Posts: 97

England 

Hi,

I think prices have already fallen ,
well the price you get for p/ex or wbac has but the prices being asked have not dropped by the same amount as dealers have the cars sat on the forecourts at the premium price they paid for them,
the asking price you see but not what they sell for and as already said cars are sitting longer
if your p/ex used for used your in the same market so its price to change
if your a straight buyer I would wait longer or offer at a more realistic price Question Shocked

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Post #623620 13th Feb 2022 9:10pm
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