Honda CR-V III (2007 - ) - Used prices up

Honest John Back Room » Motoring discussion
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Wed 17 Dec 2008 16:26
Used prices up - tawse
Interesting - a couple of dealers I have been keeping an eye on suddeny dropped the prices of their secondhand low mileage 2007 diesel CRVs to a fiver short of 15K sometime around October time, about the time same time that the World was in global financial meltdown. Various models, various colours.

Checking last night, they have now put these back up to around 18 or 19K.

One can only assume that they are anticipating a flood of CRV buyers come the New Year or perhaps are using the weak Pound as an excuse - hang on, is Swindon in a foreign country?

I would have thought, if anything, the price of these would have kept on dropping?
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Wed 17 Dec 2008 16:49
Used prices up - Honestjohn
No CR-Vs are scheduled to be built at Swindon in February and March. If the fields of them are now emptying then demand is catching up with supply and they can start to lift prices again. Remember it's always relative. The number of people who want a particular make and model at any one time v/s the amount available at that time. Last year Tiguans were selling at full pop. Not any more.

HJ
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Wed 17 Dec 2008 17:16
Used prices up - Bill Payer
I think that it's defintely possible that discounts could disappear on some new cars as supply dries up during extended factory closures.

Also, with new sales dropping there will presumeably be a shortage of used cars of certain ages in the future.

However to increase the price of existing used stock seems very odd. Perhaps it's simply been put up in price now so that it can be shown as heavily discounted in the dealers January sale?
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Wed 17 Dec 2008 17:20
Used prices up - jbif
... perhaps are using the weak Pound as an excuse - hang on, is Swindon in a foreign country?


Are all the components of the Honda CR-V are made in the UK?

Even if that is true, remember that the Honda parent company wants profits in £ converted to Yen in Japan.
www.advfn.com/p.php?pid=forexqkchart&curcode1=GBP&...Y

A year ago, for every £1 profit in the UK, Mr Honda converted it to 225 Yen in Japan.
Today, his £1 profit in the UK only converts to 136 Yen in Japan.

Edited by jbif on 17/12/2008 at 17:21

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Thu 18 Dec 2008 15:48
Used prices up - tawse
I hear what you are saying HJ but the fields full of new Hondas around Wilts would need a huge upturn in sales before they empty and there looks little chance of that happening in the next year.

The UK population is in debt up to the eyeballs so even if Brown makes credit available to car companies I doubt that people will be thinking of buying a car when they have so many other bills to pay.

I will report back if I see them reduced again in a January 'sale'. :-)
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Thu 18 Dec 2008 18:12
Used prices up - carl_a
Not so sure about useds prices going up, the New Jazz you can already buy pre-reg with an advertised £650 discount (if not a lot more when doing a deal)
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