Market manipulation or actual supply and demand?

[Patrick-Peter]

At the risk of coming across as that guy with sour grapes.

Who is responsible for what i can only see as price market manipulation and the bandwagonism that is following on.

Is the price increases that is seemingly heading towards 100 percent in a year for top end and even regular lambo's actually selling the cars or cutting off a market of would be buyers?.

[andrew]

never in my lifetime have the new lamborghini sports cars on offer been less attractive to me...

almost the same with ferrari too

[garystoybox]

Heard Graypaul Nottingham sold a Pista spider last week for £720k. Even they couldn’t believe somebody paid that much for a car that would have been c£390k 6-9 months ago. The worlds gone mad.

[Babw]

It's a really strange one and I haven't it seen anything like this in the 10 years I've been buying performance cars so I'm not really sure what to make of it. It looks like some are moving, for example the Gallardo market has gone silly and cars are selling. I've had a £220k offer for my 560-2 50th that I bought 4 months ago for half of that price, on the face of it it's a no brainer but I will never find that car again and if the market does drop, I can't see a buyer who paid £220k for it letting it go for significantly less.

I really want to get an Aventador S but compared to the prices of even 3 months ago, it looks like a bubble and I could be tempted to sell my 812SF but it's my perfect spec and I don't want to pay £100k more in a year if things go up again so man maths says add an Aventador as well.

Very strange times.

[supersport]

It’s an odd market.

When I bought my F12 this time last year there were 30 available. Now it’s 2 or 3 and one has a stupid body kit.

Same with 720 spiders.

But given how expensive new cars are and the hybrid bks, I can see why owners are keeping them.

[NeilTB]

Given the price changes are quite broad-based (many models & brands) I suspect it is structural rather than dealers pumping the market. Globally equity markets are at / near all-time highs. Locally, the end of the buy-to-let phenomenon and threats of more wealth taxes are also probably contributing to demand.

The true investment end of the classic car market (F40, 250 GTO, etc) has risen year-on-year for quite a while now, so this was bound to pull everything else along at some point. Absent some disaster in the Gulf (obviously possible) it is not obviously going to reverse anytime soon

[SVJBalboni]

Of course it's a bubble. In Asia and even the UAE, prices for Aventador's including the SVJ are stable. The EU also has a healthy inventory of Aventador's sitting on the market for months, whereas the US and now the UK are going back to the days of COVID. Prices are disconnected from actual transaction data and are driven primarily by asking prices, broker activity, and social media hype. SVJ values increasing weekly is not normal for any asset market.

And speaking of market manipulation, Carrio Motors in the US is notorious for manipulating the Lambo market in the US. They'll list an SVJ for sale for $1.5 million and, a day later, claim it's sold. It then turns out the person who supposedly bought it is a broker. Or they'll 'sell' the car to an influencer who's essentially renting it for a few months.