Discounted stock Emiras...
Discussion
AceRockatansky said:
nunpuncher said:
I don't understand how dealers can afford to keep cars for sale for so long. Did they pay so little for them that they can afford to suck up the depreciation while it sits or is it a case of damage limitation?
SoR?Doesn’t make sense unless it was bought to flip, and then that worked out well didn’t it….
Getting OT and into Bert rant territory, but where's Matt Windle in all this? Previously he was out there, making statements, being interviewed, on social media. Over the last 1-2 years nothing. Nothing since the fabled we'll look after customers with the delay YouTube video.
Has he been fired?
Has he been fired?
What a great shame that the new dawn for Lotus has been spammed in this way. Think I read that i4 isn’t going to be delivered in some markets till next year?
By this time, you’d have thought they’d have been about to launch an ‘R’ or ‘Cup’ version of the car. Instead, continued delays and apparently unable/unwilling to supply a car for EVO’s car of the year.
If oversupply is an issue, and the waiting list has dwindled, why won’t they reduce the price to shift some stock? Or is that happening?
By this time, you’d have thought they’d have been about to launch an ‘R’ or ‘Cup’ version of the car. Instead, continued delays and apparently unable/unwilling to supply a car for EVO’s car of the year.
If oversupply is an issue, and the waiting list has dwindled, why won’t they reduce the price to shift some stock? Or is that happening?
They aren't going to see 50k for a long time. I think a sweet spot for a real healthy market in these cars will settle at about 60/65. They have been selling.
67 on the market now but if you look at cars listed its very interesting to see that 10 of the cars listed have been added have gone on in February these are low mileage I'm assuming from the field of cancelled orders and listed via Lotus or main dealers. Clearly they are dripping the cars onto the market in a controlled way which is good. It also clearly shows that the cars are selling. Given the time of year and the absolutely terrible market conditions its very encouraging. Given that we are moving toward spring and ultimately we will come out of the crash in car values there's nothing on the horizon that's going to be pushing values down. It would be very interesting to know how many cancelled orders there are and how many they still have on the order book.
At the end of the day this is the best looking car on sale and with the discounts/prices on lightly used ones they are very much cheaper than a GT4 with not much else really in competition. Those waiting round for them to be 50k or even 55k check back with us in 12 months and see if you are still waiting!
67 on the market now but if you look at cars listed its very interesting to see that 10 of the cars listed have been added have gone on in February these are low mileage I'm assuming from the field of cancelled orders and listed via Lotus or main dealers. Clearly they are dripping the cars onto the market in a controlled way which is good. It also clearly shows that the cars are selling. Given the time of year and the absolutely terrible market conditions its very encouraging. Given that we are moving toward spring and ultimately we will come out of the crash in car values there's nothing on the horizon that's going to be pushing values down. It would be very interesting to know how many cancelled orders there are and how many they still have on the order book.
At the end of the day this is the best looking car on sale and with the discounts/prices on lightly used ones they are very much cheaper than a GT4 with not much else really in competition. Those waiting round for them to be 50k or even 55k check back with us in 12 months and see if you are still waiting!
Can’t quite believe the prices of Evoras compared to the Emira - been looking at the 7 year old 410 Sport Central have at £59,995 - are these just well overpriced or are we going to see the Emira drop below Evoras?
I think I actually prefer the Evora but the newer more up to date Emira at a similar price can’t be sniffed at.
I think I actually prefer the Evora but the newer more up to date Emira at a similar price can’t be sniffed at.
But if you want to sell outright to a dealer, what are they paying? Loads of Lotus dealers already have enough new Emira that they don’t want to buy any in. Silverstone and other Lotus dealers love a bit of sale or return, as they carry no risk selling a car under warranty anyway, and just take a profit.
But if you ‘need’ to sell, who is buying and at what price?
If these are buyable under £70k, with minimal miles, and we know they are, then what does a dealer want to buy one in at?
Surely it MUST start with a 5?
What dealer will outlay £60k to make, maybe a £6-7k profit?
It’s nonsense.
I suspect the very few dealers who will bid at all, are offering late £50’s at best.
But if you ‘need’ to sell, who is buying and at what price?
If these are buyable under £70k, with minimal miles, and we know they are, then what does a dealer want to buy one in at?
Surely it MUST start with a 5?
What dealer will outlay £60k to make, maybe a £6-7k profit?
It’s nonsense.
I suspect the very few dealers who will bid at all, are offering late £50’s at best.
Lots of Emiras are sat with none specialists who don't understand the market. You can see how many of them have got stuck with them for in some cases a year. I would be ok with high 50s I think it depends on the car. I think on here everyone thinks they only sell when they drop to 65 but it's clearly not the case. Some of the cars must be selling at much higher prices than the bottom of the market cars and the ones at main dealers for 90 won't be going for any less than 85 maybe wrapped up in a beefed up PX figure but still about that number worst case.
There's a similar vein on the Porsche thread where Porsche has some excess stock before Christmas people simply didn't believe anyone was buying but the numbers available on the Porsche website had nearly halved. People do buy cars and there are plenty of people still perfectly able to afford to do so. By my fag packet calculation there might be 40 to 50 Emiras that have sold since the beginning of the year just based on the reduction in numbers that was evident at the end of January and the Numbers for sale now.
There's a similar vein on the Porsche thread where Porsche has some excess stock before Christmas people simply didn't believe anyone was buying but the numbers available on the Porsche website had nearly halved. People do buy cars and there are plenty of people still perfectly able to afford to do so. By my fag packet calculation there might be 40 to 50 Emiras that have sold since the beginning of the year just based on the reduction in numbers that was evident at the end of January and the Numbers for sale now.
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