We have put our car up for sale recently, and whilst looking at possible replacements I couldn't help but notice just how cars differ in terms of their used value. I'm not sure if this is the same everywhere, but in the UK it certainly seems to be a buyers
market at the moment. Infact, I can't remember a better time to grab a bargain, as in these past couple of years I've seen more newer cars than ever drop below the £1,000 mark. Over here the industry seems to have several different used car markets in terms of value. You have the bargain family hatchback of about 8-yrs old that can be picket up for about £400, like the Daewoo Lanos, yet at the other end of the scale you have cars such as the VW Golf and Ford Focus, which can't be bought for less than about £2,500!
I understand that certain cars hold their value better than others, especially VWs, but when we are talking about Ford for example, it seems that on most other Fords bar thae Focus, you can pick up say a 1999 model for under £1,000 (Mondeo as an example). I suppose most of it is to do with how sought after a certain car is (the Focus is still a very popular car, even the first generation model....yet the Mondeo isn't really). Both models have also been facelifted and replaced with newer versions at least once, so the fact that a certain model is still on its first variation shouldn't come in to the equation. I have also noticed that some newer models have risen in price, too! As I said above, I guess it's all to do with what the demand is like for certain cars.
I hope this has made some sense, lol. I'm basically saying that it's strange how some models from the same manufacturer hold their value ALOT better than others. I'm interested to read you opinions on this as well as what the used car market is like where you live. Thanks guys!