"And seeing used cars actually go up in value is also something we've never, ever seen.Ward said certain types of cars, such as the highly sought-after Suzuki Jimny, were going for even more extraordinary prices.
"I bought the 2008 Toyota Hilux in 2014 for $22,000 with 170,000km. I sold it in February 2022 for $20,500 with 225,000km," he said.The father believes he could have had someone pay even more for his ute if he had made more effort with the sale.
The global backlog of car part orders was then compounded by people were working from home and ordering more computers and keyboards, leading to electronics manufacturers snapping up all the available semiconductors, which are vital parts in cars.The market is now still working to make up the huge backlog of orders.Ward has cautioned anyone thinking of selling their car to make sure they have planned what they will do once it's gone.
"What might happen is if there are 10 people in the queue ahead of you, six of those people may change their mind or may decide that they're not going to do it and all of a sudden you bump up the queue really quickly," Ward said. "Drivers should be very cautious against paying more for a car than they really should be, particularly with interest rate rises going up.It is a seller's market when it comes to buying cars at the moment.
Nooo! People wouldn’t overcharge for their shitboxes!
Yes I have. I paid almost double than the price advertised.
I heard through Suburu no more WRX STIs were going too be made. So I went out and paid a little more then I would normally for one. Glad I did because it's gone up in value since December last year. But with EVs fat chance I would ever sell it.
it all lead to computer IC chips shortages ?
Wait until you see how people sell their used houses!
No Malcolm Lum
I would have hoped it 'forced' people to use their brain and hold off buying for a while.
If only someone couldve predicted that destroying our Aussie car industry would lead to this... auspol
no one can force me to overpay for car. Just like no one can force me to read this article written by a halfwit clickbait content creator
All car yards a pulling that stunt
Yeah, I was held at gun point when he forced me to pay. Luckily for me, that car I bought has almost doubled in value since they announced they aren’t making anymore of them.
Forced?
Covid TAX is a thing and you have just noticed!
'forced'
Indeed, and some are selling them for more than they bought them for… Talk about inflation… 🙂 china covid inflation
Forced to overpay…. No one can force you to overpay 🤷♂️
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Source: 9NewsSyd - 🏆 23. / 51 Read more »