Have supercar prices gone up for no reason?
Discussion
Checking the classifieds for a potential upgrade to my Aston V8V.
Looking at Alfa 8Cs, Audi R8s, Ferrario F430s, Lambo Gallardos, Maser Granturismos and Porsche 997 GT3s.
Seems that prices have gone up massively since the lows of 2008/09, and particularly in the last 6 months?
I swear Alfa 8Cs were nearer 100k, now can't find one for less than £125k.
Gallardos could be had for as low as £40k in 2009, now even a ropey 2004 model commands £50k+.
Should we take this is as a sign that the crisis is over? Or are dealers just trying to artificially inflate prices in order to pocket larger commissions?
Looking at Alfa 8Cs, Audi R8s, Ferrario F430s, Lambo Gallardos, Maser Granturismos and Porsche 997 GT3s.
Seems that prices have gone up massively since the lows of 2008/09, and particularly in the last 6 months?
I swear Alfa 8Cs were nearer 100k, now can't find one for less than £125k.
Gallardos could be had for as low as £40k in 2009, now even a ropey 2004 model commands £50k+.
Should we take this is as a sign that the crisis is over? Or are dealers just trying to artificially inflate prices in order to pocket larger commissions?
There is still many sports cars, not being sold trader/ and private.
Some cars have gone up in value, however you still have to find a buyer.
What you think its worth, and what you get may not be the same.
People are thinking twice, about buying a sports car.
In this current climate, a sports car may not be near the top of the list of things to do.
Some cars have gone up in value, however you still have to find a buyer.
What you think its worth, and what you get may not be the same.
People are thinking twice, about buying a sports car.
In this current climate, a sports car may not be near the top of the list of things to do.
SEE YA said:
There is still many sports cars, not being sold trader/ and private.
Some cars have gone up in value, however you still have to find a buyer.
What you think its worth, and what you get may not be the same.
People are thinking twice, about buying a sports car.
In this current climate, a sports car may not be near the top of the list of things to do.
That's my view as well, however prices seem to keep going up!Some cars have gone up in value, however you still have to find a buyer.
What you think its worth, and what you get may not be the same.
People are thinking twice, about buying a sports car.
In this current climate, a sports car may not be near the top of the list of things to do.
matrignano said:
Fittster said:
No possibility that the value of the £ has declined?
Sterling has been appreciating against the Euro, so doubt it's the case.I've been looking at RHD cars sold in the UK anyway, unlikely to attract any foreign investors. So currency effects should be irrelevant.
I heard that the UK had become a global focal point for buying and exporting sports cars due to how cheap the cars were (relatively speaking).
Hence a lot have left the country and there are fewer examples available - hence supply / demand / prices.
Can't say it's true, just what I heard.
Hence a lot have left the country and there are fewer examples available - hence supply / demand / prices.
Can't say it's true, just what I heard.
Well, the ASKING prices have gone up 
I suspect there a number of factors in play and being rare/unusual/expensive cars, I don't they abide by the normal car valuation "rules".
If you're ONLY pitching to the rich, then you can price upwards (someone loaded may not worry too much about paying £120k or £140k) and make what money you can.
If you're pitching to those who can "only just" afford them (or can't afford them!) then you price down to get their business.
There "could" also be an element of "falsely" raising prices so prospective buyers think "buy now before they get even more expensive, I'll make money if they keep going up!"
I suspect there a number of factors in play and being rare/unusual/expensive cars, I don't they abide by the normal car valuation "rules".
If you're ONLY pitching to the rich, then you can price upwards (someone loaded may not worry too much about paying £120k or £140k) and make what money you can.
If you're pitching to those who can "only just" afford them (or can't afford them!) then you price down to get their business.
There "could" also be an element of "falsely" raising prices so prospective buyers think "buy now before they get even more expensive, I'll make money if they keep going up!"
The cars dropped to a artificially low price in 08/09 and all that's happened is over the last couple of years they've gone back to the price that they're worth, rather than what was a market full of people panic selling.
I think they'll take another small hit this year, but nowhere near what they were in early 09....I took a V8Vantage in p/x back then, that even 3 years on is still worth more than we gave for it!
I think they'll take another small hit this year, but nowhere near what they were in early 09....I took a V8Vantage in p/x back then, that even 3 years on is still worth more than we gave for it!
matc said:
The cars dropped to a artificially low price in 08/09 and all that's happened is over the last couple of years they've gone back to the price that they're worth, rather than what was a market full of people panic selling.
I think they'll take another small hit this year, but nowhere near what they were in early 09....I took a V8Vantage in p/x back then, that even 3 years on is still worth more than we gave for it!
Are you in the motor trade by any chance...?I think they'll take another small hit this year, but nowhere near what they were in early 09....I took a V8Vantage in p/x back then, that even 3 years on is still worth more than we gave for it!
Cause your view is significantly different from everyone else's :P
matrignano said:
matc said:
The cars dropped to a artificially low price in 08/09 and all that's happened is over the last couple of years they've gone back to the price that they're worth, rather than what was a market full of people panic selling.
I think they'll take another small hit this year, but nowhere near what they were in early 09....I took a V8Vantage in p/x back then, that even 3 years on is still worth more than we gave for it!
Are you in the motor trade by any chance...?I think they'll take another small hit this year, but nowhere near what they were in early 09....I took a V8Vantage in p/x back then, that even 3 years on is still worth more than we gave for it!
Cause your view is significantly different from everyone else's :P
matrignano said:
matc said:
The cars dropped to a artificially low price in 08/09 and all that's happened is over the last couple of years they've gone back to the price that they're worth, rather than what was a market full of people panic selling.
I think they'll take another small hit this year, but nowhere near what they were in early 09....I took a V8Vantage in p/x back then, that even 3 years on is still worth more than we gave for it!
Are you in the motor trade by any chance...?I think they'll take another small hit this year, but nowhere near what they were in early 09....I took a V8Vantage in p/x back then, that even 3 years on is still worth more than we gave for it!
Cause your view is significantly different from everyone else's :P
However as I said I don't see this happening again, the bubble burst massively before and current owners of these cars will be nowhere near as desperate to let them go, hence the higher prices.
Good news is though, your V8V must have been reasonably cheap to own for the past 3 years?
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