The upmarket Audi A2 continues to struggle on the used market. Secondhand buyers won't pay a premium price for it, and both petrol and diesel A2s have a tough time. Non-SE spec models struggle the most, and X platers can be bought below £9000 now.
What are X plates-18 months to 2 years old?. What was the price of a basic 1.4 A2 then?. With a discount too. Then look at a retail of £9k and in % terms it's probably on target. It's too late to do the math!.
If you read this morning's Times, it has excerpts of a Whichcar survey - which maintains that a standard A2 retains 49% of its value after 3 years - second only to the Golf 1.6SE (52%) and marginally ahead of the A3, Beetle and BMW Compact. That's fairly close to what Audi have been saying - and apart from Royfox's experience - seems to be about right judging by the cars on Audi forecourts.
Although, as the 4car survey suggested, the high resale values could be the reason that there are so many cars on the forecourts. Unfortunately, I think PX prices are often a rip off anyway with most garages making £2k on each new car sold as well as each used one they buy. Oh well.
I just replied to Griff, and said the following:
A recent report states that X reg basic A2's are going for about £9k which they say is low-maybe not when you work out the lower price of the basic A2 and then about 2 years/24,000 miles on the clock. Give it 3 years and the price may stabilise into the predicted 3 year depreciation figures (whatever they maybe). I know one person on the forum was offered a ridiculously low trade-in price for their A2 recently, and I bet the dealer would bump the value up on the forecourt something terrible.
There is a lot of money in cars-second hand ones. I sometimes think they subsidise the new car prices-lower manufacturer margins and increased public demand for discounts mean they make the money when the customer returns in a few years to trade it in.
I agree with you Harps-used is where the money is.
The Which report sounds promising-I think the 4Car one is a bit harsh-take a similar priced Focus or Astra and look at the value in about 2 years/24,000 miles....