Discounted stock Emiras...

Discounted stock Emiras...

Author
Discussion

Sukh13

780 posts

187 months

Monday 1st January
quotequote all
highway said:
I wonder if we will get any Emira dropping below £60k any time soon?
Nearly all the advertised cars remain at £70k plus.
Yet they are not selling? Suggests the price is too high for the market...

jasonrobertson86

778 posts

6 months

Monday 1st January
quotequote all
highway said:
I wonder if we will get any Emira dropping below £60k any time soon?
Nearly all the advertised cars remain at £70k plus.
No one wants to be the first to drop the price by 5k.... even if that's what it would take to shift it used.

highway

1,986 posts

262 months

Monday 1st January
quotequote all
Maybe those holding them think the like warm reviews and passage of time coupled with interest rates coming off before the general election, will persuade people they want to spend £70k on car widely recognized as not being best in its class?
I’m still tempted but not at north of £60k

Sukh13

780 posts

187 months

Tuesday 2nd January
quotequote all
Lol it hasn't worked for the last six months, and Lotus are discounting new ones, sounds like a recipe for strong residuals....

andyj007

312 posts

180 months

Tuesday 2nd January
quotequote all
I find it really odd, i dont understand why people are still waiting on deliveries knowing that you can get the same car for 15-20k cheaper with less thn 1k miles.. driving out the showroom door knowing youd just thrown away that much money is bonkers .. its not like the ones for sale are well used,, they re as knew.. new..
private sales are trying to get the same money as dealers and
with so many on the market and not shifting in price i guess people/dealers are clinging to the glimmer of hope that spring and summer may just shift them .. which i just cant see happening..with interest rates staying as they are for the next year or so .. id hazzard guess these are 50k cas in two years time, id be wanting out asap .if it were mine up for sale . theres one been sitting on at fro 65k for a few months now , the market is speaking

highway

1,986 posts

262 months

Tuesday 2nd January
quotequote all
I’m watching private sale 991’s. Same cars have been for sale for months. No reductions. They linger, doubtless as result of the auto trader lifetime adverts.
Chap listed a nice 1 owner 2012 car with 29k. But wants nigh on £58k for it. I don’t remember what a Carrera S cost in 2012. Maybe £75k?
One owner is nice, but that pricing is dealer level.
All the private Emira sellers must be confident that come Spring, their cars will be in demand. How long till we see sub £60k asking?

andyj007

312 posts

180 months

Wednesday 3rd January
quotequote all
i personaly think the problem with private sales is finance, the uk s obession with buying things you cant afford on cheap finance and changing out after only a couple of years has taken a hit.. .. getting private funding is not as easy as it was.. for a good deal that is.. interest rates are higher, and with depreciation rates skyrocketing , which doesnt matter if you keep car long term like we all used to back in the day,, now tit seems the trend is to want the next car they have seen on their favourite you tube channel .., trading in an existing car is non existant with private sales, and dealers offering stupid low valuiations means evrything has come to halt, the market needs a correction cars are stupidly overpriced &( unreliable), it could be possible to see the early private sale cars when they reach 3 years old dip way behind dealer value cars.. as warranty expires.. Lotus are hardly fillinfg the market place with confidence given the reported build quailty of cars
I get dealer cars for sale but with so many private sales with hardly any miles on.. you have to wonder why on earth they were purchased in the first place, it was quite obvious that a volume car was never going to be worth more than list , not while it was in prouction at least .. so couldnt be to flipp..
strange times


Edited by andyj007 on Wednesday 3rd January 06:55

highway

1,986 posts

262 months

Wednesday 3rd January
quotequote all
I think many thought the Elise situation of 97 would repeat. In that there would be a a huge wait list for the car, which would be reviewed as a seminal driving experience and subject to universal acclaim. They thought they could buy a car, use it for a bit then sell either at a modest profit or losing very little.
I don’t blame anyone who thought that either.
Problem is, the car hasn’t had great reviews and the economy moved. I assume most of the sellers aren’t really motivated.
If they were, we’d see cars advertised for less.

AceRockatansky

2,190 posts

29 months

Wednesday 3rd January
quotequote all
There's always a floor to the price. For years you couldn't get a GR Yaris for under 30k despite how many were for sale.

I'm not saying we won't see them in the 50's at some point, but for now they are fairly concentrated at a price with sellers relying on buyers specific requirements rather than just price.

Sukh13

780 posts

187 months

Wednesday 3rd January
quotequote all
AceRockatansky said:
There's always a floor to the price. For years you couldn't get a GR Yaris for under 30k despite how many were for sale.

I'm not saying we won't see them in the 50's at some point, but for now they are fairly concentrated at a price with sellers relying on buyers specific requirements rather than just price.
They are certainly hanging around for a long time at the current prices...

nunpuncher

3,405 posts

127 months

Thursday 4th January
quotequote all
highway said:
I’m watching private sale 991’s. Same cars have been for sale for months. No reductions. They linger, doubtless as result of the auto trader lifetime adverts.
Chap listed a nice 1 owner 2012 car with 29k. But wants nigh on £58k for it. I don’t remember what a Carrera S cost in 2012. Maybe £75k?
One owner is nice, but that pricing is dealer level.
All the private Emira sellers must be confident that come Spring, their cars will be in demand. How long till we see sub £60k asking?
I've been watching Evora prices and there's a core of maybe 20 cars that have been for sale for the best part of a year with the prices not moving at all. I guess many either paid too much at auction or gave too high a trade in so need to make the books balance. The same will probably be true for 991'sand 992's as folk were getting silly money for used cars. It was a completely abnormal situation but inevitably there has to come a time where it swings the oppositely way. Just this morning I saw a 991 advertised on one of the FB groups where the guy said he needed rid of it due to a downturn in business. The price was still high but it's the sort of situation that starts to pull prices down.

nunpuncher

3,405 posts

127 months

Thursday 4th January
quotequote all
andyj007 said:
I get dealer cars for sale but with so many private sales with hardly any miles on.. you have to wonder why on earth they were purchased in the first place, it was quite obvious that a volume car was never going to be worth more than list , not while it was in prouction at least .. so couldnt be to flipp..
strange times


Edited by andyj007 on Wednesday 3rd January 06:55
It's like folk jumping on a stock too late. Some folk have short memories so when the order book opened we were in a world of GR Yaris making money, year old 992's selling for list or over, even dull mundane stuff like year old Astras losing nothing. All the optimists must have figured worst case scenario they would get a free car for a month or 2. Even the experts didn't predict the interest rate climbing at the rate it did.

Denno B

966 posts

207 months

Sunday 7th January
quotequote all
To top it all, Insurance costs have sky rocketed too which certainly doesn’t help the situation.

p4cks

6,959 posts

201 months

Sunday 7th January
quotequote all
Denno B said:
To top it all, Insurance costs have sky rocketed too which certainly doesn’t help the situation.
I keep seeing this, but neither of mine have

BertBert

19,206 posts

213 months

Sunday 7th January
quotequote all
p4cks said:
I keep seeing this, but neither of mine have
My multi car policy is the same this year as last year. £1100. Expect it has only 2 cars where last year it had 4!

Sukh13

780 posts

187 months

Friday 19th January
quotequote all
Sukh13 said:
stanlow45 said:
Honeywell said:
£65k now on Autotrader privately.

Poor colour choices aside.

https://www.autotrader.co.uk/car-details/202311164...
Weird price history. Dealers must really hate the price tracker add on... laugh



Most likely will be down to starting with a 5 from January...
Still for sale at 65k for six weeks.... Speaks to where the market is at for Emiras!
Still for sale and now 67,500...

Freakuk

3,225 posts

153 months

Friday 19th January
quotequote all
A close friend of mine is mates with a Lotus employee and he gets to play in whatever cars he brings home. He did have an order in for an i4 but as far as I am aware they are still unavailable, so he cancelled some time ago.

However, from what I understand Lotus have a warehouse full of the things in pretty much any combination you can think of so in theory you could order one and get it immediately. Apparently this is a combination of things - cancelled orders, mainly due to Lotus pushing the price up post order, Lotus also building more than needed, and they've built a load which no longer conform with the updates emissions regulations from the point of order.

I think if you wanted one you could swing a huge deal on a new one given the above.

stanlow45

304 posts

8 months

Friday 19th January
quotequote all
Sukh13 said:
Sukh13 said:
stanlow45 said:
Honeywell said:
£65k now on Autotrader privately.

Poor colour choices aside.

https://www.autotrader.co.uk/car-details/202311164...
Weird price history. Dealers must really hate the price tracker add on... laugh



Most likely will be down to starting with a 5 from January...
Still for sale at 65k for six weeks.... Speaks to where the market is at for Emiras!
Still for sale and now 67,500...
Maybe they don't want to sell it... laugh


highway

1,986 posts

262 months

Friday 19th January
quotequote all
I’d enquired after an Emira that was priced competitively last year. Owner seemed like to good guy. Car is now sold. He told me yesterday that his car was a proper pain, spent loads of time at the dealership for remedial work and lost him a fortune in scarcely any time at all.

Curiously, I’m not put off. If there was a mid £50’s deal available I’d have taken a punt. If I wanted to see one and was asking late £70’s I’d be feeling quite unwell by now.

J600net

154 posts

83 months

Saturday 20th January
quotequote all
Freakuk said:
A close friend of mine is mates with a Lotus employee and he gets to play in whatever cars he brings home. He did have an order in for an i4 but as far as I am aware they are still unavailable, so he cancelled some time ago.

However, from what I understand Lotus have a warehouse full of the things in pretty much any combination you can think of so in theory you could order one and get it immediately. Apparently this is a combination of things - cancelled orders, mainly due to Lotus pushing the price up post order, Lotus also building more than needed, and they've built a load which no longer conform with the updates emissions regulations from the point of order.

I think if you wanted one you could swing a huge deal on a new one given the above.
I agree with you. Pre xmas I paid mid 70s for an in stock car (delivery miles only) and the OTR list price on the window at Lotus Bradford was £92k