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Shaken, not sterling’d
The prices of your used cars and 4x4s etc, are unbelievably cheap. I know that petrol is dearer in the UK, but you don’t travel the distances we do. My wife did 50,000kms (30,000 miles) in 18 months in our
Mazda2 and I went 70,000klms in the same period in my Mazda MX5, but our used car market seems much stronger (or at least dealers ask more). You show a Mercedes ML500 4x4 at 4,500 pounds that I think equates to about 9,000 dollars out here in rip off Australia where the dealers would ask 35,000 dollars and upwards. Our petrol today is $1.03 a litre (that’s for a 10% ethanol unleaded) but has been as low as $0.89 cents a litre recently and as high as $1.70 a litre six months ago so how is it your cars are so cheap?
Mazda2 and I went 70,000klms in the same period in my Mazda MX5, but our used car market seems much stronger (or at least dealers ask more). You show a Mercedes ML500 4x4 at 4,500 pounds that I think equates to about 9,000 dollars out here in rip off Australia where the dealers would ask 35,000 dollars and upwards. Our petrol today is $1.03 a litre (that’s for a 10% ethanol unleaded) but has been as low as $0.89 cents a litre recently and as high as $1.70 a litre six months ago so how is it your cars are so cheap?
Asked on 28 February 2009 by
Answered by
Honest John
Used RHDs are relatively cheap in the UK, but they now seem a lot cheaper to you because sterling has dropped about 40% against your dollar, against the Euro and against most other major currencies, even the Thai baht. That's actually going to put new cars up in the UK by at least 20% this year.
Our honest used car pricing is a little bit different to all the others. You can get to our values through make or model - you don’t have to follow a prescribed route. Plus, it’s live, which means we can react to changes in the market quicker than any printed price guide.
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