Discounted stock Emiras...

Discounted stock Emiras...

Author
Discussion

Dr Interceptor

7,811 posts

197 months

Friday 3rd May
quotequote all
I’d suggest in those examples, the initial starting prices were unrealistic, so the big change is more apparent.

Sukh13

746 posts

186 months

Friday 3rd May
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Dr Interceptor said:
I’d suggest in those examples, the initial starting prices were unrealistic, so the big change is more apparent.
Exactly, hence prices are falling.

Dr Interceptor

7,811 posts

197 months

Friday 3rd May
quotequote all
Sukh13 said:
Dr Interceptor said:
I’d suggest in those examples, the initial starting prices were unrealistic, so the big change is more apparent.
Exactly, hence prices are falling.
Retailers are adjusting their prices down until they reach the £64k to £70k price bracket which is realistic.

Falling to me suggests an endless downward spiral, which does not apply here.


highway

1,971 posts

261 months

Friday 3rd May
quotequote all
At the risk entering a doom loop with Sukh, the cheapest cars available last year were around £65k. 6 months later, the cheapest cars are around £65k.
Hence the point. £65 is bottom of retail market. You might find a dealer willing to take 3/4% off that. You might find a private buyer willing to accept £62ish. But you can’t buy these cars at much less now, than 6 months ago.
Yes- the bonkers priced £70 and £80k cars have dropped. Hardly surprising. But you can’t create a narrative that the prices for these are dropping fast, when there is a baseline that hasn’t been breached for half a year.
Scarcely matters what cars are making in the trade to private buyers as most of us can’t get access to Motorway and the like to buy from them. I maintain, at mid £50’s these will become very desirable to a lot of people. When that happens remains conjecture.

BertBert

19,101 posts

212 months

Friday 3rd May
quotequote all
Dr Interceptor said:
Falling to me suggests an endless downward spiral, which does not apply here.
Yes it absolutely does, it's called depreciation, a spiral down until the low point which could be 10k or lower. I have no idea why cars depreciating is actually a discussion topic!

AceRockatansky

2,148 posts

28 months

Saturday 4th May
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BertBert said:
Dr Interceptor said:
Falling to me suggests an endless downward spiral, which does not apply here.
Yes it absolutely does, it's called depreciation, a spiral down until the low point which could be 10k or lower. I have no idea why cars depreciating is actually a discussion topic!
Yet here you are discussing it.

Sukh13

746 posts

186 months

Sunday 5th May
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highway said:
At the risk entering a doom loop with Sukh, the cheapest cars available last year were around £65k. 6 months later, the cheapest cars are around £65k.
Hence the point. £65 is bottom of retail market. You might find a dealer willing to take 3/4% off that. You might find a private buyer willing to accept £62ish. But you can’t buy these cars at much less now, than 6 months ago.
Yes- the bonkers priced £70 and £80k cars have dropped. Hardly surprising. But you can’t create a narrative that the prices for these are dropping fast, when there is a baseline that hasn’t been breached for half a year.
Scarcely matters what cars are making in the trade to private buyers as most of us can’t get access to Motorway and the like to buy from them. I maintain, at mid £50’s these will become very desirable to a lot of people. When that happens remains conjecture.
I agree with you, the bottom end isn't moving down as fast. Lowest retail car sold I've seen is £60k.

Given the number of cars for sale, and for the length of time they have been for sale, it shouldn't be hard to achieve the same.

If you are confident this is the price floor, it must be time to buy...?

highway

1,971 posts

261 months

Sunday 5th May
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I bought. Like you I was watching 991.2, Emira and some other rare groove cars. I’ve had 8 Elises and now I’m
In my ninth- Final Edition 240.
Will be my final Elise as well

Sukh13

746 posts

186 months

Sunday 5th May
quotequote all
Congrats! Not tempted by an Emira?

Also it appears the floor on 991.2s is finally dropping if you are still looking:



Edited by Sukh13 on Sunday 5th May 17:20

highway

1,971 posts

261 months

Sunday 5th May
quotequote all
I’d never buy anything other than with really low miles. Some people disagree or choose different criteria but it’s served me well over the years. The low miles cars all make north of £55k.
Nearly bought a nice 991.2 cab with under £15k miles. It had warranty too. But low spec, cab, non S and manual had me worried. Auto 100 have it now. Via BCA.
I’d like a 991.2 at some point but not enough to spend north of £60k on a low miles 7 year old car. Emira appeals because they are new, look great and I like Lotus.

Sukh13

746 posts

186 months

Sunday 5th May
quotequote all
Makes sense smile