I see the MC20 didn’t make its reserve. No surprise. Time for the dealers to revalue their used stock…
What’s the trade value of a low mileage 1 year old MC20? £150k? Give it another 6 months, with even higher interest rates and a deepening recession, and then what - £130k?
Trade price is basically CC price which is about £167k. I don’t think they’ll go there in next 6 months. Reason being is that if they did, you’d have one,
@MikeyMaser would too, I’d have one, and I can think of around another 4-5 clients of mine who would. I think £149,950 is the bottom prior to Autumn 2024 unless leggy examples.
It’s the same as 7-8 years back; ‘I’ll have a 458 when they’re £100k’. They got to £120k and bounced, don’t wait for ‘too good to be true prices’ as someone will beat you to it and you’ll miss the boat. An 18 month old average spec 3000 mile MC20 that was £220k is a bargain when they’re <£150k so that’s the time to buy. The CC car needs to be around £165k to buy it, absolute bottom, so we still need 10% drop from the cheapest one available to get one below £150k.
As an owner, I’d be absolutely fuming with the sellers actions as they’ve immediately devalued everyone’s MC20’s by £15-20k. Glad I sold mine when I did.