"Modern Classics" and Sky High Asking Prices

[g7jhp]

Interesting views on the state of the Porsche and classics market.

355Chris355 said:

The Hagerty Market Rating experienced its biggest month-to-month drop since July 2013, and its fifth consecutive monthly decline:

https://www.hagerty.com/valuationtools/Market-Rati...


Classic experts are predicting a 'slow puncture' for the classic car market as years of rising prices come to an end :

http://www.classiccarsforsale.co.uk/news/classic-c...

High prices are only go to sellers. The extra value often means it costs more to run the cars.

[gnc]

before any one thinks of buying from portugal, have a look here
http://www.ocasiao.pt/autocasiao

[tooldtocruise]

gnc said:

before any one thinks of buying from portugal, have a look here
http://www.ocasiao.pt/autocasiao

Seem to have the wrong pics on some adverts and expensive ?

[ChasW]

billzeebub said:

The modern classic is something that holds interest because new cars are getting increasingly dull and cynical in design & conception. A slightly older performance car is an antidote to this.

My sentiments totally. I just cannot get excited by new cars anymore with one or two exceptions such as GT86 which has something old school about it. My money will probably go into 10-20 year old "interesting" car, hopefully a V8 of some sort. If it's decent nick then I don't mind paying a couple of grand more than I may have had to pay last year to get what I want. I'm still not shelling out £30k on something that will bore me to tears with gadgets I will never use.

[NiceCupOfTea]

Just a case of supply and demand isn't it? They aren't making Mk,2 Golf GTIs / 205 GTis / Corrado / whatever any more, and the number of low miles good examples are fewer and fewer, so if you really want one then you have to chase the few there are.

I've got a '99 e36 323 cab with <100k miles, reasonably tidy. I'm under no illusions that it's worth anything, but it has occurred to me recently that there are very few e36s on the road at all, and tidy ones are very few and far between. I wouldn't have thought mine was worth more than £1500, but I think I would struggled to find anything as good for anything like that - the good cars are M3s and the like at top money.

[vsonix]

NiceCupOfTea said:

Just a case of supply and demand isn't it? They aren't making Mk,2 Golf GTIs / 205 GTis / Corrado / whatever any more, and the number of low miles good examples are fewer and fewer, so if you really want one then you have to chase the few there are.

I've got a '99 e36 323 cab with <100k miles, reasonably tidy. I'm under no illusions that it's worth anything, but it has occurred to me recently that there are very few e36s on the road at all, and tidy ones are very few and far between. I wouldn't have thought mine was worth more than £1500, but I think I would struggled to find anything as good for anything like that - the good cars are M3s and the like at top money.

I took 2,600 for a 2.8 auto a couple of months ago. It did have a nice set of wheels, I fully refreshed the suspension with new springs, shocks, bushes, top mounts etc all round, overhauled the cooling system, Inspection II service. No rust anywhere, everything worked properly, 83,000 miles on the clock. If the current owner looks after it and keeps it inside for the next couple of years, no reason why he wouldn't see a grand, maybe even two grand profit even if he puts 20k miles on it.

[anonymous-user]

vsonix said:

NiceCupOfTea said:

Just a case of supply and demand isn't it? They aren't making Mk,2 Golf GTIs / 205 GTis / Corrado / whatever any more, and the number of low miles good examples are fewer and fewer, so if you really want one then you have to chase the few there are.

I've got a '99 e36 323 cab with <100k miles, reasonably tidy. I'm under no illusions that it's worth anything, but it has occurred to me recently that there are very few e36s on the road at all, and tidy ones are very few and far between. I wouldn't have thought mine was worth more than £1500, but I think I would struggled to find anything as good for anything like that - the good cars are M3s and the like at top money.

I took 2,600 for a 2.8 auto a couple of months ago. It did have a nice set of wheels, I fully refreshed the suspension with new springs, shocks, bushes, top mounts etc all round, overhauled the cooling system, Inspection II service. No rust anywhere, everything worked properly, 83,000 miles on the clock. If the current owner looks after it and keeps it inside for the next couple of years, no reason why he wouldn't see a grand, maybe even two grand profit even if he puts 20k miles on it.

The prospect of someone making a couple of grand on a not particularly desirable car goes a long way of highlighting the issue.

[pits]

tooldtocruise said:

Ok i will give him a £100 for it


still bargains to be had and allways will be i think

Well he'd probably take that for it, give it 6 months, currently has no clutch cable and a tyre valve holding the water in the radiator, and like his CRX and Polos it will be on its roof pretty soon, so when it has gone down the road on the roof, £100 seems reasonable

[Bennet]

279 said:

The prospect of someone making a couple of grand on a not particularly desirable car goes a long way of highlighting the issue.

I can't see how anyone could still think there is an issue to answer after reading through some of the simple obvious reasoning on this thread. No one is forcing anyone to pay x amount for anything.

The only possible complaint to be made is "Damn! Why do so many people find retro cars desirable just like I do?"

[vsonix]

279 said:

vsonix said:

NiceCupOfTea said:

Just a case of supply and demand isn't it? They aren't making Mk,2 Golf GTIs / 205 GTis / Corrado / whatever any more, and the number of low miles good examples are fewer and fewer, so if you really want one then you have to chase the few there are.

I've got a '99 e36 323 cab with <100k miles, reasonably tidy. I'm under no illusions that it's worth anything, but it has occurred to me recently that there are very few e36s on the road at all, and tidy ones are very few and far between. I wouldn't have thought mine was worth more than £1500, but I think I would struggled to find anything as good for anything like that - the good cars are M3s and the like at top money.

I took 2,600 for a 2.8 auto a couple of months ago. It did have a nice set of wheels, I fully refreshed the suspension with new springs, shocks, bushes, top mounts etc all round, overhauled the cooling system, Inspection II service. No rust anywhere, everything worked properly, 83,000 miles on the clock. If the current owner looks after it and keeps it inside for the next couple of years, no reason why he wouldn't see a grand, maybe even two grand profit even if he puts 20k miles on it.

The prospect of someone making a couple of grand on a not particularly desirable car goes a long way of highlighting the issue.

I did make a little bit of profit but not much considering the amount of refurbishment work I did to it - nice set of Style 71 Cromodora split rims, complete overhaul of suspension and bushes, clean MOT, low miles rust-free car. OK, so an auto SE might not be as desirable as a manual Sport, but they're still very nice cars and this was a very good example, fully loaded, heated sport seats etc. The person I sold it to prefers autos and was very happy with the condition. Whichever way you look at it, a lot of car for the money and one that will hopefully not throw up any major bills for a while to come. As for him making a profit himself if he keeps it clean and sells on at 100k miles, why is that a problem? E36s are getting rarer and more sought after every year.

[mat205125]

ikarl said:

addz86 said:

rev-erend said:

Renault Clio mk2 v6 ... gets my vote.

• sighs* I sold mine for less than 10k five years ago

Should the Clio V6 be in this thread? is it an actual example of a modern classic, and therefore command the price(s) it does?

Edited by ikarl on Thursday 1st October 17:55

Most definitely ..... It's been given the same aspirational pricing that addz86 has realised for his car.

[roystinho]

Also, for cars that are limited in numbers due to age or their production run, it doesn't take much for a few owners to set some high prices (scheming or not) and then other owners look at the inflated market and out theirs up at high price. As long as there's nobody out there who needs to undercut other sellers they can keep the prices (artificially?) high. If they get a bite great for the sellers, not so much the buyers who are being priced out of cars they have aspired to owning.

Do I sound a little bitter? Perhaps, a few years ago I could have (should have) bout a low mileage exige for ~£16k, more like £22k for a similar car now

[SidewaysSi]

Bennet said:

279 said:

The prospect of someone making a couple of grand on a not particularly desirable car goes a long way of highlighting the issue.

I can't see how anyone could still think there is an issue to answer after reading through some of the simple obvious reasoning on this thread. No one is forcing anyone to pay x amount for anything.

The only possible complaint to be made is "Damn! Why do so many people find retro cars desirable just like I do?"

I have a few 'modern classics' as I enjoy driving them far more than I do new cars. Currently in my garage I have a W124 Mercedes, E36 328i manual, Lotus Elise S1 Sport 160 and a Caterham (that's not really a modern classic).

Whilst some may say they are 'not particularly desirable', I think they are all brilliant and personally I think the E36 is a car that will go up in value as the numbers of good cars dwindle (not that I buy cars for that reason). They are reliable but suitably basic to be fun.

[mat205125]

Bennet said:

I can't see how anyone could still think there is an issue to answer after reading through some of the simple obvious reasoning on this thread. No one is forcing anyone to pay x amount for anything.

The only possible complaint to be made is "Damn! Why do so many people find retro cars desirable just like I do?"