Inflation

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Five years ago I bought a ten year old 120 with 80K on the clock. Cost? A little under £11,000 from a reputable dealer. That was the going price and I looked at a few for similar money.
Today a ten year old 150 with 80K on the clock is £18k plus
Even allowing for inflation ( say 10%) that still makes them cost 50% more than they did 5 years ago.
Why?

 

[Shayne]

Globalization , more money for less quality = fast turnaround increased sales volume and market control , milking the masses .

 

[AndycruiserguyLomas]

I'd say due to the fact the're not in an over supply situation the dealers are able to sustain higher prices than the market should dictate. I've had a scan or two over the 150 ads, with a view to moving up from a 120 and can't believe how much I'd have to put too to change. Saying that 200 series prices are bonkers for what they are for their age, again I feel dealers are keeping prices artificially high.

 

[Rob Cowell]

I'd say due to the fact the're not in an over supply situation the dealers are able to sustain higher prices than the market should dictate. I've had a scan or two over the 150 ads, with a view to moving up from a 120 and can't believe how much I'd have to put too to change. Saying that 200 series prices are bonkers for what they are for their age, again I feel dealers are keeping prices artificially high.

Surely that *is* the market dictating. There are more people who want to buy than there are cars for sale. Hence the relatively high second hand prices compared to other big SUVs of the same age. I don't see how it's artificial. If people didn't pay that money the price would come down. No one makes money having a car sat on their forecourt. I just don't see many 150s on the road, compared to say XC90s or X5s, or even Q7s.

I'm in exactly same situation though. 2002, bought a 3 yr old 90 for £12500. 2011, a 7 year old 120 for £11700. Now looking for a 2/3 yr old 150 and, well....

 

[Rob Cowell]

Have a look here at how many LCs are still on the road from recent years.

https://www.howmanyleft.co.uk/?utf8=✓&q=toyota+land+cruiser&commit=Search

2 - 3 times as many 120s from each year they were made compared to 150s.