Residual values

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Fenton
Posts: 91
Joined: Mon Apr 22, 2019 3:40 pm
Location: UK

Re: Residual values

Post by Fenton » Sat Jun 27, 2020 1:59 pm

I was just watching an interview (6th May) with Mike Brewer (Wheeler Dealers) and he was very critical, from a Dealer's perspective, about the effects that Cap and Glass's Guide have on used car prices.

(33 minutes in)

I would imagine, as usual, there is a back-story on all this re markets, sales demand and stats etc. in the current difficult times.
All in all it doesn't good if relying/praying on residuals right now especially if you had to dig deep (or maybe a bit too deep) in order to buy the car.
As I was planning on a trade-in + order shortly I feel the pain.

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