Posts Tagged ‘sunbeam’

1969 Jaguar E-Type Series II Roadster

January 2019 was unpredictable. Brexit, the weather, the economy, post-Christmas retail sales figures and credit card bills hang heavy in this month but the predictable part is that the first day of Spring draws ever-closer and each day passed adds another minute of extra daylight. Woohoo!

Another predictable event is the start of the car auction calendar and as usual The Car Spy is keeping a keen eye on activities to see what clues we can glean from the state of the car market here in the UK and then next month in Europe.

Car auctions are probably the best indicator of car values we can refer to when it comes to the buying and selling of cars. If we had a British Pound for every time we were told by a seller that their car was ‘worth “x” all day long’ then yours truly would be sitting on a super-yacht in Monaco whilst writing this post.

Reality is an unpleasant experience when it comes to a market correction in car values but it is unavoidable. For the past ten years we have seen astonishing prices paid for sometimes very mundane models (in our opinion) and excessive premiums paid for the privilege of owning certain new models.

We just hope that those who came in at the top of the market have bailed out by now because the indications are that the market has ‘softened’. That’s the polite way of describing it anyway. (more…)