No-one wants to buy Tuscans any more?!

No-one wants to buy Tuscans any more?!

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Discussion

glow worm

5,953 posts

229 months

Tuesday 19th September 2023
quotequote all
sixor8 said:
glow worm said:
I notice a Tuscan Convertible has just been advertised for £47,750 @ 27.5k miles , not bad when it was bought for £31,000 @ 15.5k miles 12 years ago ... a nearly £17k INCREASE in 12 years would not be achieved on many modern cars hehe
£31k in 2001 would be more like £66k plus allowing for inflation though. smile The last Griffs were about £40k I think, new, so how old would a Tuscan Convertible have been to be £31k?
It is a 2006 convertible , so 5 years old in 2011 when it was bought for £31k. New it would have cost about £55k since it's with 'S' pack (£10k extra)

Zeb74

385 posts

131 months

Tuesday 19th September 2023
quotequote all
Dean.S said:
Hi all, first post on here but as a new TVR owner I couldn't resist chipping in! ... life is far to short!
Well said Dean!

8Speed

732 posts

68 months

Tuesday 19th September 2023
quotequote all
TwinKam said:
Well said that man! clapclapclap
^^
+1 thumbup

sixor8

6,343 posts

270 months

Tuesday 19th September 2023
quotequote all
glow worm said:
sixor8 said:
glow worm said:
I notice a Tuscan Convertible has just been advertised for £47,750 @ 27.5k miles , not bad when it was bought for £31,000 @ 15.5k miles 12 years ago ... a nearly £17k INCREASE in 12 years would not be achieved on many modern cars hehe
£31k in 2001 would be more like £66k plus allowing for inflation though. smile The last Griffs were about £40k I think, new, so how old would a Tuscan Convertible have been to be £31k?
It is a 2006 convertible , so 5 years old in 2011 when it was bought for £31k. New it would have cost about £55k since it's with 'S' pack (£10k extra)
Forgive me, 2023 minus 12 years is NOT 2001. rolleyes New price in 2006 sounds correct. smile

QBee

21,099 posts

146 months

Tuesday 19th September 2023
quotequote all
TVR prices were lower 10-15 years ago. 10+ years of a stable low-interest rate economy has helped increase their value.
I was offered a Sagaris for £36,000 back in 2013. Genuine offer.

Prices around when that Tuscan convertible was bought for £31k were suffering from the hangover of the 2008 financial crash.
Since they have risen steadily with time, and some models have risen more than others, particxlaurly rare and low mileage examples.
Suddenly in 2022-23 we have massive increases in interest rates, considerable inflation, cost of living gong throuhg the roof, loads of uncertainty.
Yes, there will always be people with money. But there are far more people out there now without it.

I think what we are seeing is more people holding off a major, non-essential purchase, enough to make the market look flatter than it has been for a while.

Yes, I agree with the new owner who raved about this Tuscan. They are fantastic cars.

glow worm

5,953 posts

229 months

Tuesday 19th September 2023
quotequote all
sixor8 said:
glow worm said:
sixor8 said:
glow worm said:
I notice a Tuscan Convertible has just been advertised for £47,750 @ 27.5k miles , not bad when it was bought for £31,000 @ 15.5k miles 12 years ago ... a nearly £17k INCREASE in 12 years would not be achieved on many modern cars hehe
£31k in 2001 would be more like £66k plus allowing for inflation though. smile The last Griffs were about £40k I think, new, so how old would a Tuscan Convertible have been to be £31k?
It is a 2006 convertible , so 5 years old in 2011 when it was bought for £31k. New it would have cost about £55k since it's with 'S' pack (£10k extra)
Forgive me, 2023 minus 12 years is NOT 2001. rolleyes New price in 2006 sounds correct. smile
??? You brought 2001 into the post ... I don't know what 2001 has to do with it ???
The 1st Tuscan Convertible was only available from September 2005 onwards irked

Of course my 2006 price is correct .. I put the price list here ...https://www.pistonheads.com/gassing/topic.asp?t=1229746


Edited by glow worm on Tuesday 19th September 15:44

glow worm

5,953 posts

229 months

Tuesday 19th September 2023
quotequote all
QBee said:
TVR prices were lower 10-15 years ago. 10+ years of a stable low-interest rate economy has helped increase their value.
I was offered a Sagaris for £36,000 back in 2013. Genuine offer.

Prices around when that Tuscan convertible was bought for £31k were suffering from the hangover of the 2008 financial crash.
Since they have risen steadily with time, and some models have risen more than others, particxlaurly rare and low mileage examples.
Suddenly in 2022-23 we have massive increases in interest rates, considerable inflation, cost of living gong throuhg the roof, loads of uncertainty.
Yes, there will always be people with money. But there are far more people out there now without it.

I think what we are seeing is more people holding off a major, non-essential purchase, enough to make the market look flatter than it has been for a while.

Yes, I agree with the new owner who raved about this Tuscan. They are fantastic cars.
In addition to the Financial crisis ,TVR prices took a big hit when the company went into Administration . It took a few years for confidence in the support chains to be established ... TVR Power(as it was before Performance), Racing Green, S&D , Trim shops , new dealer network etc.
Autumn has always been a bad time to sell a TVR and I think people will be waiting to see what their Energy bills will be this Winter , especially if we have a cold spell smile .
I can remember main TVR dealers selling brand new Tuscans and Sags for £40k smile .


Edited by glow worm on Tuesday 19th September 15:49

Basil Brush

5,105 posts

265 months

Tuesday 19th September 2023
quotequote all
glow worm said:
QBee said:
TVR prices were lower 10-15 years ago. 10+ years of a stable low-interest rate economy has helped increase their value.
I was offered a Sagaris for £36,000 back in 2013. Genuine offer.

Prices around when that Tuscan convertible was bought for £31k were suffering from the hangover of the 2008 financial crash.
Since they have risen steadily with time, and some models have risen more than others, particxlaurly rare and low mileage examples.
Suddenly in 2022-23 we have massive increases in interest rates, considerable inflation, cost of living gong throuhg the roof, loads of uncertainty.
Yes, there will always be people with money. But there are far more people out there now without it.

I think what we are seeing is more people holding off a major, non-essential purchase, enough to make the market look flatter than it has been for a while.

Yes, I agree with the new owner who raved about this Tuscan. They are fantastic cars.
In addition to the Financial crisis ,TVR prices took a big hit when the company went into Administration . It took a few years for confidence in the support chains to be established ... TVR Power(as it was before Performance), Racing Green, S&D , Trim shops , new dealer network etc.
Autumn has always been a bad time to sell a TVR and I think people will be waiting to see what their Energy bills will be this Winter , especially if we have a cold spell smile .
I can remember main TVR dealers selling brand new Tuscans and Sags for £40k smile .


Edited by glow worm on Tuesday 19th September 15:49
They weren't great before then due to the S6 issues. I bought my well spec'ed '00 Tuscan at 2 years old for 24k.

sixor8

6,343 posts

270 months

Tuesday 19th September 2023
quotequote all
glow worm said:
??? You brought 2001 into the post ... I don't know what 2001 has to do with it ???
The 1st Tuscan Convertible was only available from September 2005 onwards irked

Of course my 2006 price is correct .. I put the price list here ...https://www.pistonheads.com/gassing/topic.asp?t=1229746


Edited by glow worm on Tuesday 19th September 15:44
Sorry for apologising then........ I had taken 12 from 2023 and come up with the year 2001 in my original post about values. Calm down... smile

glow worm

5,953 posts

229 months

Tuesday 19th September 2023
quotequote all
sixor8 said:
glow worm said:
??? You brought 2001 into the post ... I don't know what 2001 has to do with it ???
The 1st Tuscan Convertible was only available from September 2005 onwards irked

Of course my 2006 price is correct .. I put the price list here ...https://www.pistonheads.com/gassing/topic.asp?t=1229746


Edited by glow worm on Tuesday 19th September 15:44
Sorry for apologising then........ I had taken 12 from 2023 and come up with the year 2001 in my original post about values. Calm down... smile
My apologies . I took the "Forgive me" to be sarcasm directed at my arithmetic not an apology for your poor arithmetic hehe
IIRC The maximum Chims & Griffs got to in 2001 was about £34k , but I've not got the old pricelist.

Edited by glow worm on Tuesday 19th September 17:31

2gins

2,839 posts

164 months

Tuesday 19th September 2023
quotequote all
bad company said:
swisstoni said:
They haven’t ‘become that unpopular’.
Someone was asking top dollar for a badly advertised Tuscan and jumped to the conclusion that “nobody buys Tuscans any more”.

One thing TVR owners and ex-owners have always been brilliant at is talking the brand down.
Spot on imo. clap
On the contrary, I'd say one thing owners are very good at is talking the prices up. Not just relevant to TVRs but anything with a special interest.

Mouse Rat

1,831 posts

94 months

Wednesday 20th September 2023
quotequote all
A colleague of mine, fairly successful, late 20's / early 30's, loves cars, previously had AMG's Audi's etc. He wanted a weekend toy and Test drove a Huracan, F Type, 911 Turbo and a new Aston Martin something or other.

He chose a nice Chimaera. He loves it because its gives the thrill, the drama and the interaction the others could'nt

There are many potential buyers across the age spectrum who understand the foibles and brilliance of the brand. As performance cars become restricted and more anodyne the appeal grows. Just look at the values of restomods. £100K mini's, £150K 911's, Alpina's etc bonkers.

I've no idea how the value of TVR will change over the next 10 years but I cant see it declining as many people will want something unique and different.




swisstoni

17,212 posts

281 months

Wednesday 20th September 2023
quotequote all
2gins said:
bad company said:
swisstoni said:
They haven’t ‘become that unpopular’.
Someone was asking top dollar for a badly advertised Tuscan and jumped to the conclusion that “nobody buys Tuscans any more”.

One thing TVR owners and ex-owners have always been brilliant at is talking the brand down.
Spot on imo. clap
On the contrary, I'd say one thing owners are very good at is talking the prices up. Not just relevant to TVRs but anything with a special interest.
You'd certainly expect that. But not in this case in my experience.

Classic Chim

12,424 posts

151 months

Wednesday 20th September 2023
quotequote all
Mouse Rat said:
A colleague of mine, fairly successful, late 20's / early 30's, loves cars, previously had AMG's Audi's etc. He wanted a weekend toy and Test drove a Huracan, F Type, 911 Turbo and a new Aston Martin something or other.

He chose a nice Chimaera. He loves it because its gives the thrill, the drama and the interaction the others could'nt

There are many potential buyers across the age spectrum who understand the foibles and brilliance of the brand. As performance cars become restricted and more anodyne the appeal grows. Just look at the values of restomods. £100K mini's, £150K 911's, Alpina's etc bonkers.

I've no idea how the value of TVR will change over the next 10 years but I cant see it declining as many people will want something unique and different.
I work with and around many performance car drivers with lots of racing and supercar experience and everyone from a range of ages all agreed the recent Tvr Tamora we have at work is a fantastic car to drive. You have to be more careful and skilled to control it but that’s half the reason why it’s such fun. Guys who rag tin tops to within mm of the cars lives treat the Tvr with deep respect which is very wise yet once they feel the car connecting with them they all absolutely love it.
Brakes feel great, steering light, sharpe and accurate, handling is better than they imagined, clutch and gearbox with a lovely short throw and sure, throttle feel and response, toe and heel with ease ( pedal box is great) the sound is pure magic.
It’s small, feels light, nimble yet frighteningly quick for what it is.
Kind of perfect really.
The fact many of these very advanced drivers have never driven Tvr and instantly come back with huge grins say a lot about Tvr cars.
We underestimate just how powerful this effect is.

How many buyers who are likewise in touch with these pure driving feelings go along, luckily pick a good Tvr to view, and end up buying it after only one test drive.
Many hundreds have done this over the years.
Rightly or wrongly it’s the overall feel of most of the components actually coming together and making the driver feel intimately connected that makes people reappraise there thoughts about these cars.
If your cars truly sorted and feels right a test drive should quite easily sell it if someone’s serious about buying it.
It should feel that good basically.
10 year old tyres as an example ain’t gonna cut it.




PuffsBack

2,430 posts

227 months

Wednesday 20th September 2023
quotequote all
LLantrisant said:
see how Lotus cars (typically the Elise...whatever model&year) have such a good standing on the market , prices have rized and they are much easier to sell....and they are more realiable than any (modern) TVR.
This isn't true, the market for Elise's has come right down in the past 6 months. Elise values were skyrocketing of the past 3 years, it was abundantly clear that was going to happen with Elise going out of production. I have both an Elise and Sagaris and are shameful enough the admit I can afford them, but only as long as I get my money back at some point in the future so I follow their value closely. Percentage wise the Elise has rocketed in the past few years but now has dropped back significantly. Enough for me so notice that the cost to change value to move from my S to an SC is now making economic sense on the basis that values will recover. Moving up in value always makes sense in a downturn as the value gain per % during recover benefits you.


Bryanwww

397 posts

141 months

Wednesday 20th September 2023
quotequote all
Just had a look in the classifieds expecting them to be around £15k by now - they are still a heck of a lot of money for a ropey old British kit car made of fibreglass.
Could get something faster, better handling, more comfortable and hassle free for the price - these just dont hold up and I thought they were awesome when they came out, especially in the flip paint.

PrinceRupert

11,575 posts

87 months

Wednesday 20th September 2023
quotequote all
Bryanwww said:
Just had a look in the classifieds expecting them to be around £15k by now - they are still a heck of a lot of money for a ropey old British kit car made of fibreglass.
Could get something faster, better handling, more comfortable and hassle free for the price - these just dont hold up and I thought they were awesome when they came out, especially in the flip paint.
You won't get anything have as thrilling and head-turning for the price, though. If we wanted to meet your criteria we would nuy a Golf R. Also, your criticisms apply to any fast car from twenty plus years ago.