Is the bubble about to burst?

Is the bubble about to burst?

Author
Discussion

m88ony

337 posts

100 months

Tuesday 27th September 2016
quotequote all
mollytherocker said:
Why are the customers covered? Are they embarrassed?
???? Cars ready for collection.

dom9

8,040 posts

208 months

Wednesday 28th September 2016
quotequote all
m88ony said:
...its always rammed with customers... covered under blankets for handovers.
I think they're just having a laugh, chaps.

Will be interesting to see what the next few months bring.

I certainly think there could be a dip in the stock market in the next ~6 months.

Does that mean that money will flood towards cars or people will be selling to get some cash in their pockets?

Either way, I still think 'perfect', limited production cars will be 'fine'.

RVVUNM

1,913 posts

208 months

Wednesday 28th September 2016
quotequote all

Adam B

27,142 posts

253 months

Wednesday 28th September 2016
quotequote all
RVVUNM said:
"1977, the year of the Queens Silver Jubilee, Red Rum won the Grand National for the third time, and Manchester Utd beat Liverpool in the FA Cup Final
1977, the last year of the 3.0 version of the iconic 930 Turbo, this car was first registered 7th January 1977, via AFN Porsche, Isleworth, London"

I'll take it, once my eyes dry out

Porsche911R

21,146 posts

264 months

Wednesday 28th September 2016
quotequote all
some cars are dropping mainly the newer ones and these big over list prices, really nice matching number classics are going up still.

Robbo66

3,828 posts

232 months

Wednesday 28th September 2016
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Cannot believe this thread is still running ...

v8ksn

4,711 posts

183 months

Wednesday 28th September 2016
quotequote all
Robbo66 said:
Cannot believe this thread is still running ...
Has it burst yet? hehe

fredt

847 posts

146 months

Wednesday 28th September 2016
quotequote all
Adam B said:
RVVUNM said:
"1977, the year of the Queens Silver Jubilee, Red Rum won the Grand National for the third time, and Manchester Utd beat Liverpool in the FA Cup Final
1977, the last year of the 3.0 version of the iconic 930 Turbo, this car was first registered 7th January 1977, via AFN Porsche, Isleworth, London"

I'll take it, once my eyes dry out
That would be a lovely car!

..if you put a bigger turbo, nice cams, intercooler, efi, modern ignition, custom gear ratios, a cage and some nice buckets!

It would be worth about 50k after I finished with it biglaughbiglaughbiglaugh

Robbo66

3,828 posts

232 months

Wednesday 28th September 2016
quotequote all
v8ksn said:
Has it burst yet? hehe
No, which is killing pinch faced, schadenfreude ridden brigade, armed to the hilt with their pins.

Adam B

27,142 posts

253 months

Wednesday 28th September 2016
quotequote all
Legacywr said:
997 turbo's have gone up 10k over the last year!
woohoowoohoowoohoo

sparta6

3,689 posts

99 months

Thursday 29th September 2016
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DELETED: Comment made by a member who's account has been deleted.
It's actually in Newham. Less tenements than Isle Of Dogs.

Tony1963

4,699 posts

161 months

Friday 30th September 2016
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sparta6 said:
It's actually in Newham. Less tenements than Isle Of Dogs.
Fewer


SEE YA

3,522 posts

244 months

Friday 30th September 2016
quotequote all
Well near the end, of the season car show wise.
Prices in the middle market still hold up well and a small climb.
Prices over £250k some stuff finding it hard to sell.

Let's see what happens next year.
I know my car will not drop, in value it's gone up each year.

aceparts

3,724 posts

240 months

Friday 30th September 2016
quotequote all
SEE YA said:
Let's see what happens next year.
I know my car will not drop, in value it's gone up each year.
You can only know this if you've found a buyer each year; it's a car, not a share certificate. Sentiment can change in a heart beat and what is currently an in demand asset turns into just another old car again. Just enjoy it.

SEE YA

3,522 posts

244 months

Friday 30th September 2016
quotequote all
aceparts said:
SEE YA said:
Let's see what happens next year.
I know my car will not drop, in value it's gone up each year.
You can only know this if you've found a buyer each year; it's a car, not a share certificate. Sentiment can change in a heart beat and what is currently an in demand asset turns into just another old car again. Just enjoy it.
I think a look at value guides research etc each year will do thanks.No need to find a buyer,I would be very surprised if my car dropped to under 20k like in pre 07.

I do enjoy the car,had it for nine years.

Edited by SEE YA on Friday 30th September 19:22

Wudee

269 posts

143 months

mollytherocker

14,365 posts

208 months

Friday 30th September 2016
quotequote all
SEE YA said:
aceparts said:
SEE YA said:
Let's see what happens next year.
I know my car will not drop, in value it's gone up each year.
You can only know this if you've found a buyer each year; it's a car, not a share certificate. Sentiment can change in a heart beat and what is currently an in demand asset turns into just another old car again. Just enjoy it.
I think a look at value guides research etc each year will do thanks.No need to find a buyer,I would be very surprised if my car dropped to under 20k like in pre 07.

I do enjoy the car,had it for nine years.

Edited by SEE YA on Friday 30th September 19:22
Very surprising things happen all of the time! Have you been watching the news for the last 8 years!

SEE YA

3,522 posts

244 months

Friday 30th September 2016
quotequote all
mollytherocker said:
SEE YA said:
aceparts said:
SEE YA said:
Let's see what happens next year.
I know my car will not drop, in value it's gone up each year.
You can only know this if you've found a buyer each year; it's a car, not a share certificate. Sentiment can change in a heart beat and what is currently an in demand asset turns into just another old car again. Just enjoy it.
I think a look at value guides research etc each year will do thanks.No need to find a buyer,I would be very surprised if my car dropped to under 20k like in pre 07.

I do enjoy the car,had it for nine years.

Edited by SEE YA on Friday 30th September 19:22
Very surprising things happen all of the time! Have you been watching the news for the last 8 years!
Yes been around,I never saw a under 20k 930's.Just a steady climb in value along with some other classics.
Up or down it does,not matter anyway to me.
It was not why, I bought the car in the first place. It was and still is my dream car.
When the smile goes, it's time to sell.

Edited by SEE YA on Saturday 1st October 11:15

NJH

3,021 posts

208 months

Saturday 1st October 2016
quotequote all
People have been saying the same thing about housing for far longer than this car bubble but one thing has proven true, however insane the prices get or look the value to price ratio is irrelevant all that seems to matter is if there is some other economic driver which will come along and reverse the trend i.e. a much more attractive place to put money or something which will force a substantial section of owners to have to sell up. The fact this thread has gone on for so long indicates that this external influence to change the market just isn't there at the moment and I haven't read anything to indicate yet what this may be (when it comes), all we have had is BS statistical analysis and anecdotal one offs, all the stuff people resort to when they don't have any solid indicators (like gambling on horses using form guides).

drmark

4,793 posts

185 months

Sunday 2nd October 2016
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Sat opposite hedgie at wedding yesterday who was looking smug after shorting Deutsche Bank. He was adamant that classic car prices (most but not all) are due a major correction, and if he could find a reliable method of taking short positions in the market he would be filling his boots now.