What’s hot?
There are signs that the pressure on Porsche residuals over the last few years continues to ease.
Strong competition and increased supply have given Porsche a run for its money but values have been firm and demand high in June, with the very best cars attracting bids above the ‘book’ value of the car.
Examples of the new Jaguar F Type are appearing as speculators try to beat the new OTR price at auction.
But with new F Types to be had from Jaguar dealer forecourts, I’d say that there is no need to pay over the odds for a ‘used’ example although values are likely to hold up well in the short to medium term,
As luxury ‘motorway munchers’ go, the BMW 6 series takes some beating, even if it’s never been thought of as one of the best sports cars in the sector. Now it’s approaching 10 years old and values have sunk to a point where it looks excellent value.
Trade prices for a 2010 635d Sport auto with under 40,000 miles are at £22,750 – that’s a residual value of just 36 percent of the original new cost. If you can find one of the original 645i cars, trade values have slid under £6000 and are flat-lining. Definite bargain territory for my money.
What’s not?
It’s usual for residuals on new models to start high when they first hit the market. That honeymoon is coming to an end for the Audi A1 Sportback.
More supply is entering the market, and the residual value premium over the 3-door that was actually greater than the original new car price difference is now under pressure. Values for the 5-door Sportback have fallen at twice the rate of the 3 door in June.
Another struggle right now is with cars recording over 20,000 miles. Fleet fodder is swamping the market and buyers would rather pay more for rare low mileage cars than less for the high milers.
And realism is re-entering the market for petrol engined prestige 4WD cars which for a while were driven strongly by the export trade. Re-sales prices on some Audi Q7, BMW X5, and Mercedes M Class have declined to a point at or below book prices.
Richard Crosthwaite is the Prestige Car Editor at Glass’s Guide.
