GranTurismo's are getting cheap!

rockits said:
Much of the inflation in the high end and classic car market over many years has created a precariously balanced house of cards. Will any cards fall? A few cards......a few rows.....or a few more?
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And those who are selling up, what are they buying?
Just getting out of the market, reducing collections, buying other stuff that's already fallen, likely to fall some more?
Or are there still some cars, 'on the up'?
For example, I wondered about the i8?
 
Lavazza said:
And those who are selling up, what are they buying?
Just getting out of the market, reducing collections, buying other stuff that's already fallen, likely to fall some more?
Or are there still some cars, 'on the up'?
For example, I wondered about the i8?
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I like the i8, I saw one in the south of France not long ago and it looked great. They have only just stopped production haven’t they? If they have then it could be some years before they bottom out, if at all. Maybe times are changing however with new rules. Perhaps only the prettiest, most significant and groundbreaking stuff will have any value in the future. Will someone ever lust after an i8? I am not sure, however good it is. I am not sure about hybrid long term. It clearly isn’t the answer but a stop gap. So will exclude those in the future who want a retro mechanical experience and will not be interesting to those wanting the efficiency and modernity of electric/hydrogen etc. Another element is the younger generation. We have 4 graduates <28 at work and none of them have a car. Pressure to afford a house and modern alternatives mean they really can’t be bothered with cars. This will ultimately have an affect as we need them to care to prop up the market.
 
Silvercat said:
Frankly, it is a race to the bottom which having just sold my 2009 QP 4.7 S today, ..."I'm out". The market is a disaster right now and I won't be looking to re-enter it for a good few years sadly. I wish it was different.
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Well done on your sale. It looked a lovely example and hopefully gone to an appreciative home. Slightly disappointed we won’t hear reviews of your summer exploits and trips. If I remember correctly you are retiring aren’t you? If you are then good for you and best wishes for the next chapter.
 
I'm not sure any cars will be on the way up but undervalued stuff like Maserati's have a decent chance as are so chuffing cheap in comparison half the time. Something like some TVR's are exposed to big drops IMHO as are often overpriced.

All the silly classic car stuff could be really exposed. No reason a £20m car can't drop to half or less in very little time. Who knows.

We all know that people have been buying SUV's, EV's, Hybrid's and all conventional cars are going to naturally be in less demand. Also many have leased new and nearly new stuff. Youngsters aren't always passing their test or owning a car so demand in the 2nd hand market must be massively reduced.

We know that investors shift money in and out of the best returns quickly. If cars in car collections start getting reduced or dumped it will gather an even faster pace. Depends on where the rich feel their money is better placed.

Who knows? Not me [emoji2957][emoji12]
 
Just curious on forum views.
I have a fairly balanced collection of cars, probably one rising, one staying the same, one dropping a bit, and then the Granturismo.
No panic to sell anything, happy to use and enjoy, but could be open to opportunities too.
I like to keep cars up to scratch, so everything is very much on the button.
 
It's a really interesting time in the car sector.
Dieselgate. Brexit. Moving away from ice. Greater awareness of climate impact. Less reliance on cars in the cities. More reliance on finance. Cheaper credit. Now the wider awaking of all the above coming together. What this will all mean for taxes, fuel and city tolls.

The way I see it, ev cars are like white goods and wont appreciate. Modern super/hypecars are mostly too compent and too expensive so will drop a lot apart from limited editions. Older, more evocative cars will hold to certain price points as real drivers want their last hurrah and splash out. As 'cheaper' cars have had higher list prices the once 40k 360, has now gone up in value so it's not in the same bracket as a golf.

When things change, credit crunch (if we have one), a bubble bursts etc, I'd expect to see even bigger falls but also brining the more classic cars down too as running and fixing them gets more expensive.

Then again I got into investing just before the financial crash, bought bitcoin at its highest and house at the peak, so take my analysis at your own risk.
 
I'm not really exposed as all mine are pretty low value really. Also not bothered what their worth and happy to keep and use them.

There must be plenty out there exposed to potential falling values but I guess are they bothered? Possibly not.

Certainly there still doesn't seem a great deal of confidence around. Maybe the Brexit thing kicked people to start thinking more sensibly, conservatory and less crazy.
 
Trouble is there's still lots of high miles rubbish out there still pulling the last few nice example's down in price..

Give a couple of years when all this eBay rubbish has gone to the scrapper!

Dave
 
Silvercat said:
Frankly, it is a race to the bottom which having just sold my 2009 QP 4.7 S today, ..."I'm out". The market is a disaster right now and I won't be looking to re-enter it for a good few years sadly. I wish it was different.
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You should have kept it mate, there lovely cars, great for weekends in the summer, it obviously didn't owe you much!

Dave
 
Lavazza said:
Interesting, but maybe I should have qualified by saying that I don't use finance and I'm looking at under £100k.

Just looked up the Portofino, but they still seem expensive to me.

The sort of thing that appeals are things like:
V12 Vantage, DBS, Vanquish
Ferrari 360, 430, 550, California
Porsche GT3, GT4

That sort of thing.
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I know someone that wanted a mercedes that was in short supply , the second they found out it was cash they sold it to somebody else.

Cash isn't a salesmans friend , it's all about commission, paint protection, gap insurance , finance, wheel insurance, tyre insurance and on and on.
 
Wack61 said:
I know someone that wanted a mercedes that was in short supply , the second they found out it was cash they sold it to somebody else.

Cash isn't a salesmans friend , it's all about commission, paint protection, gap insurance , finance, wheel insurance, tyre insurance and on and on.
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I know a couple of salesmen that are in the trade and they are not all alike. Don’t peddle a stereotype. For example the guys at Dick Lovett Swindon are great. Wanna buy it cash? Crack on.
 
Chrisb2015 said:
I know a couple of salesmen that are in the trade and they are not all alike. Don’t peddle a stereotype. For example the guys at Dick Lovett Swindon are great. Wanna buy it cash? Crack on.
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I'd think they'd be on a salary compared to a salesman at mercedes selling dozens of cars a week.
A mate wanted a skoda kodiak, cash was list price , the only discounts available were on PCP so he took the deal got the discount then paid it off

That's the only two I actually have first hand experience off so I'm not "peddling stereotypes"
 
I can't help but find this thread a little depressing. It's a Brit thing maybe, talking stuff down instead of up. Or maybe the Brit weather and salty roads is killing off 10 year old cars?!

Either way. I've have had mine for three years now, and it would probably be a pig to sell, but I'm not looking to do that, and wouldn't do at much less than I paid for her.

Grab a (hopefully rust free) bargain and drive the thing crazy as all that electric cr*p whooshes by...
 
Lavazza said:
Interesting, but maybe I should have qualified by saying that I don't use finance and I'm looking at under £100k.

Just looked up the Portofino, but they still seem expensive to me.

The sort of thing that appeals are things like:
V12 Vantage, DBS, Vanquish
Ferrari 360, 430, 550, California
Porsche GT3, GT4

That sort of thing.
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All of these have lost a significant amount of value in the last year.
 
Silvercat said:
Frankly, it is a race to the bottom which having just sold my 2009 QP 4.7 S today, ..."I'm out". The market is a disaster right now and I won't be looking to re-enter it for a good few years sadly. I wish it was different.
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Glad you’ve managed to sell your car, took a while, but you got there in the end.
The market is very buoyant and cars which are well priced are selling very quickly. People just have to be aware what things are worth now, and not 2017-18 prices.
 
alfatwo said:
Trouble is there's still lots of high miles rubbish out there still pulling the last few nice example's down in price..

Give a couple of years when all this eBay rubbish has gone to the scrapper!

Dave
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Couldn’t agree more, always will be the case. 3200’s we’ve all known that for a while, it’s now the case with 4200’s GS’s, QP’s and GT’s too.
The thing is, there are far more people out there willing to buy a really cheap utter nail of a car, than wish to buy a good example. I am called at least once a week by someone just after advice on buying a £6k 3200 or an £8k QP, it’s super cheap for a reason.
 
Wack61 said:
Cash isn't a salesmans friend , it's all about commission, paint protection, gap insurance , finance, wheel insurance, tyre insurance and on and on.
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I don’t offer any of these options, as I believe it is an insult to a potential customer’s intelligence to even offer them. I do offer very competitive finance, so competitive because we take zero commission from it.

That’s how everywhere will be required to operate next year anyhow:

FCA acts to protect those buying motor finance

The Financial Conduct Authority (FCA) has today announced plans to ban the way in which some car retailers, and other brokers in the motor finance sector, receive commission.
www.fca.org.uk www.fca.org.uk
 
Chrisb2015 said:
Before Christmas a new Vantage was £1000 in (deposit) and £1000 per month over 24 months. ....
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Sorry, what, a new Vantage for £25,000? Or are you just renting it for £25,000 for 2 years and then you have to give it back?
 
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