citroenmad wrote:
It sure the hatch will sell, might take a while but its worth a lot more than the £1500 it managed to reach on ebay.
Its probably the newest Xm available, good spec, excellent condition and a low mileage.
Chris.
Sorry -- don't see this line of thinking. Looking at the listing, there were five bidders for the car. Given that most XM now struggle to rise above the very low hundreds, it's a fair indication they were serious, given it went to four figures. I think therefore, the price it made is probably a very fair reflection of what it is 'worth' when serious prospective buyers are about.
One of the difficulties I see with it is that while the mileage is low-ish by the standards of annual averages, I don't think it is 'low' in absolute collector terms. The real gems are those (of which there will be one or two somewhere) tucked in a garage with, say, under 20k on the clock -- the ones that still smell new. At 58k, you only have to use it a little for it to become a very unremarkable car. I also think, over time, it's the bigger engined, fully specced cars that appreciate first, with the more standard versions lagging behind. To look on this as a £3k plus investment , you would have to be taking a very long view indeed, plus barely use it at all.
No doubt the XM will become collectable, but for an investment one, I think the bar will be a lot higher than this one. We are now at a point where DS make money, in good order, but it's the ragtop ones and the SM that will line your pocket if you have a nice one.
Mike.