Hi Dan, I dont think you can really know that...
its got nothing to do with the cup as prices were low BEFORE the cup.. its the WHOLE second hand market unfortunately - or fortunately - depending where you sit ....
there will be as many mint ones for sale as ratty ones... just a matter of searching.
A new 172 a few months ago was 11k on the road... a 1.5 year old model - that was a style behind was already less 25% for vat n taxes.. so £8.25k value agains a similar new model...
then mileage, the need to sell, competativeness... soon knocks another grand off it.. so we are at £7.25k .. they ask £7.99k and think.. " hey, we will let it go for £7.5k", but when the notes are down on the table, its £7.25k
And, thats the way the market is.. what it means is that you can get a state of the art sports hatch that will leave any other clio (apart from the cup) for just over 7k... you get all the toys, you get a nearly brand new car...
does it mean its cheap ??. or loosing value too rapidly ??.. nope... just the way it is..
When I see posts about Williams at 7k, I cringe.. you would have to be insane to buy a williams over a 172 -- AT THAT PRICE !
deal of the century if ya ask me...
imho, as always...
Joe.