So far 2017 has not proved to be a productive year in terms of my traditional market analysis i.e. stocks, commodities and derivatives, as I tend to analyse that which grabs my attention rather than following a pre-set schedule, and for this year my attention has been on non traditional markets such as politics, where we had BrExit rammed down our throats to exhaustion point, culminating in the June 8th election disaster and its aftermath. Nevertheless my market analysis has continued this year, unfortunately it's been in non traditional markets such as the local city housing markets rather than national or international, and in this analysis of the UK near new Used car market of 2017 so as determine the best time of year to buy a Used Car of less than 3 years age from a UK dealer.

A google search soon reveals that the consensus view of the best times of year to buy a used car in the UK tend to coalesce around the two plate changes of the year, i.e. 1st of March and 1st September as being the most commonly propagated online advice to buy just before and after the plate changes. Next often repeated are the dealers end of quarter sales targets for bonuses and other perks, namely by the end of March, June, Sept and December. And also often mentioned are expectations that the best used car deals tend to be in the winter months due to less consumer demand. So find out if any of these consensus views actually stands up to close analysis in this video.

Buying a Land Rover Discovery Sport HSE Black

I recently put my money where my mouth is, after all that is the primary purpose for virtually all of my analysis. So I tracked and then bought a 15 month old Land Rover Discovery Sport HSE Black with 13k miles on the clock for £30,950, set against the current Mid December average of £33k, which given the fact that I'm a crap negotiator isn't too bad a price to pay for the model and spec. Whilst 5 months ago the same age / spec / mileage would be selling for an average of about £36k.

And here's the video of what a 'real' customer can expect when buying from a main Land Rover dealer (Hunters) during the winter months. Starting from as soon as one drives onto the dealerships forecourt, test driving, documentation, part exchanging, paperwork, insuring, taxing and payment, all the way to when one drives off with their new used car a few hours later i.e. the 'REAL' experience of what to expect over the usual 'approved used' sales pitch.

Whilst in the first video in this series I literally traveled the distance (2.5 hours) to the main land rover dealership situated in Chester (Hunters).

Remember to subscribe to our youtube channel for new videos in this series and see our play list for all existing videos.

By Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

Only logged in users are allowed to post comments. Register/ Log in

The Market Oracle is a FREE Financial Markets Forecasting & Analysis web-site.
(c) 2005-2024 MarketOracle.co.uk (Market Oracle Ltd) - Market Oracle Ltd asserts copyright on all articles authored by our editorial team and all comments posted. Any and all information provided within the web-site, is for general information purposes only and Market Oracle Ltd do not warrant the accuracy, timeliness or suitability of any information provided on this site. nor is or shall be deemed to constitute, financial or any other advice or recommendation by us. and are also not meant to be investment advice or solicitation or recommendation to establish market positions. We do not give investment advice and our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to enter into a market position either stock, option, futures contract, bonds, commodity or any other financial instrument at any time. We recommend that independent professional advice is obtained before you make any investment or trading decisions. By using this site you agree to this sites Terms of Use. From time to time we promote or endorse certain products / services that we believe are worthy of your time and attention. In return for that endorsement and only in the cases where you purchase directly though us may we be compensated by the producers of those products.