No-one wants to buy Tuscans any more?!

No-one wants to buy Tuscans any more?!

Author
Discussion

porterpainter

682 posts

39 months

Thursday 7th September 2023
quotequote all
People will generally wish to return to their youth and buy the cars they had (or longed for) back in the day. Cars that inspire them or they have some attachment to.

There will of course be exceptions: investors, people that buy cars because of their beauty, or the engineering, or because they like the spanners/resto.

I was chatting to a bloke whose company restored Riley cars from the 30s to 50s and he said the bottom had dropped out of that particular market in the past few years. I’d hazard a guess that most of the market for those cars have given up driving or are no longer with us. People now just don’t want pre-war cars.

Fast fords and a lot of the 80s/90s machinery is having its hayday now as that generation is hitting retirement/kids have left home/received inheritance from their parents/etc, and are living their dreams.

The Grand Turismo/Forza generation are not (generally) at that point in their lives yet to indulge on such cars, but that’ll keep demand up in the long run. As Swisstoni said, the folks that had these cars as posters aren’t yet in a position to buy them.

Coupling the generational thing with the 25 year rule for the US coming up soon for the T cars, and I don’t think it’s all that bleak just yet for the TVR…especially the later models with air conditioning for our US friends wink


Zeb74

384 posts

131 months

Thursday 7th September 2023
quotequote all
And the TVR community is small, some transactions are done privately.

LLantrisant

998 posts

161 months

Thursday 7th September 2023
quotequote all
porterpainter said:
People will generally wish to return to their youth and buy the cars they had (or longed for) back in the day. Cars that inspire them or they have some attachment to.

There will of course be exceptions: investors, people that buy cars because of their beauty, or the engineering, or because they like the spanners/resto.

I was chatting to a bloke whose company restored Riley cars from the 30s to 50s and he said the bottom had dropped out of that particular market in the past few years. I’d hazard a guess that most of the market for those cars have given up driving or are no longer with us. People now just don’t want pre-war cars.

Fast fords and a lot of the 80s/90s machinery is having its hayday now as that generation is hitting retirement/kids have left home/received inheritance from their parents/etc, and are living their dreams.

The Grand Turismo/Forza generation are not (generally) at that point in their lives yet to indulge on such cars, but that’ll keep demand up in the long run. As Swisstoni said, the folks that had these cars as posters aren’t yet in a position to buy them.

Coupling the generational thing with the 25 year rule for the US coming up soon for the T cars, and I don’t think it’s all that bleak just yet for the TVR…especially the later models with air conditioning for our US friends wink
i dont agree with that...i could have agreed with it 3-5y ago.

the western world is strictly following an anti-freedom agenda.

combustion cars are on the index, hence an investment in such a car is a risk.... if not something major is changing in the world-politics, in just a few years (5-7) the possibilty to use such a car is limited on just a few roads.
the remaining cars and their defiant owners are prevented from using their vehicles by the extreme rise in petrol prices and the change in tax models.

futue scenario: at school, children are indoctrinated to tell off their parents, who still cling to a car with an internal combustion engine, to a state media office.

The massmedia will launch a broad campaign against these "unteachable" combustion junkies, similar to what was done with the unvaccinated at Covid.

i know, this scenario sounds mad and not promising....but its EXACTLY what is planed.

i know lots of collectors and rich people....and even they are totally different in their education and from their jobs, they have all one in common:

they are in Panic and try to sell as much: their cars, their arts-collections, antqiue items....etc....


glow worm

5,939 posts

229 months

Thursday 7th September 2023
quotequote all
mcosh said:
Lots of interesting comments guys and I don't usually comment but here's my experience. I need Tuscans, especially Mk1s with rebuilds. I have clients still searching for cars. It can take a long time to sell or sometimes just day. Values are still going up as the availability and condition with many being restored improve. Buyers have been scared to death by the negativity on these forums so want a car that's fully warrantied and not just an insurance company style policy.
There are 38% less TVRs for sale now than 6 years ago but the medias like FB in which they appear has rocketed creating a false illusion more are available.
Tuscans should be commanding prices way above the current £30-35k for a rebuiit good MK1. Modifications will make a car Marmite. That doesn't always mean it's worth less just it may take longer to find the right buyer.
The market is bouyant for both private and trade sellers, we just don't always hear from them on the forums. ??
You are not the only dealer seeking stock that I've heard about... Two of the Sag Ads on PH are asking for cars not selling them and two dealers have now commented on this thread smile

mcosh

285 posts

248 months

Thursday 7th September 2023
quotequote all
Or alternatively.... synthetic fuels catch up and all existing infrastructure remains utilised and not written off early causing trillions of losses.

The green "electric wave" is also meeting greater resistance and realism that an alternative need be found.

It's a debate that continues and in the meantime we can talk the prices down or accept change may happen......and it could be for the good of TVR....my bet is placed😁


LLantrisant said:
porterpainter said:
People will generally wish to return to their youth and buy the cars they had (or longed for) back in the day. Cars that inspire them or they have some attachment to.

There will of course be exceptions: investors, people that buy cars because of their beauty, or the engineering, or because they like the spanners/resto.

I was chatting to a bloke whose company restored Riley cars from the 30s to 50s and he said the bottom had dropped out of that particular market in the past few years. I’d hazard a guess that most of the market for those cars have given up driving or are no longer with us. People now just don’t want pre-war cars.

Fast fords and a lot of the 80s/90s machinery is having its hayday now as that generation is hitting retirement/kids have left home/received inheritance from their parents/etc, and are living their dreams.

The Grand Turismo/Forza generation are not (generally) at that point in their lives yet to indulge on such cars, but that’ll keep demand up in the long run. As Swisstoni said, the folks that had these cars as posters aren’t yet in a position to buy them.

Coupling the generational thing with the 25 year rule for the US coming up soon for the T cars, and I don’t think it’s all that bleak just yet for the TVR…especially the later models with air conditioning for our US friends wink
i dont agree with that...i could have agreed with it 3-5y ago.

the western world is strictly following an anti-freedom agenda.

combustion cars are on the index, hence an investment in such a car is a risk.... if not something major is changing in the world-politics, in just a few years (5-7) the possibilty to use such a car is limited on just a few roads.
the remaining cars and their defiant owners are prevented from using their vehicles by the extreme rise in petrol prices and the change in tax models.

futue scenario: at school, children are indoctrinated to tell off their parents, who still cling to a car with an internal combustion engine, to a state media office.

The massmedia will launch a broad campaign against these "unteachable" combustion junkies, similar to what was done with the unvaccinated at Covid.

i know, this scenario sounds mad and not promising....but its EXACTLY what is planed.

i know lots of collectors and rich people....and even they are totally different in their education and from their jobs, they have all one in common:

they are in Panic and try to sell as much: their cars, their arts-collections, antqiue items....etc....

porterpainter

682 posts

39 months

Thursday 7th September 2023
quotequote all
LLantrisant said:
i dont agree with that...i could have agreed with it 3-5y ago.

the western world is strictly following an anti-freedom agenda.

combustion cars are on the index, hence an investment in such a car is a risk.... if not something major is changing in the world-politics, in just a few years (5-7) the possibilty to use such a car is limited on just a few roads.
the remaining cars and their defiant owners are prevented from using their vehicles by the extreme rise in petrol prices and the change in tax models.

futue scenario: at school, children are indoctrinated to tell off their parents, who still cling to a car with an internal combustion engine, to a state media office.

The massmedia will launch a broad campaign against these "unteachable" combustion junkies, similar to what was done with the unvaccinated at Covid.

i know, this scenario sounds mad and not promising....but its EXACTLY what is planed.

i know lots of collectors and rich people....and even they are totally different in their education and from their jobs, they have all one in common:

they are in Panic and try to sell as much: their cars, their arts-collections, antqiue items....etc....
I’m sorry, I can’t tell if you’re joking or being serious.

LucyP

1,716 posts

61 months

Thursday 7th September 2023
quotequote all
[quote=mcosh]Lots of interesting comments guys and I don't usually comment but here's my experience. I need Tuscans, especially Mk1s with rebuilds. I have clients still searching for cars. It can take a long time to sell or sometimes just day. Values are still going up as the availability and condition with many being restored improve. Buyers have been scared to death by the negativity on these forums so want a car that's fully warrantied and not just an insurance company style policy.
There are 38% less TVRs for sale now than 6 years ago but the medias like FB in which they appear has rocketed creating a false illusion more are available.
Tuscans should be commanding prices way above the current £30-35k for a rebuiit good MK1. Modifications will make a car Marmite. That doesn't always mean it's worth less just it may take longer to find the right buyer.
The market is bouyant for both private and trade sellers, we just don't always hear from them on the forums. ??

If the above is really true, and you really believe it, then why don't you buy up all the cheap stock (as you see it) of Tuscans, especially from the desperate sellers who can't get rid of theirs, (which is the reason for this thread), and then wait until the market rises. That's how trading works. Buy low, sell high.

It's a nonsense to day that medias have created a false impression of volumes. You just look on the usual sites and you can soon see how many cars are for sale. Usually the same car advertised on 6 different sites.

swisstoni

17,180 posts

281 months

Thursday 7th September 2023
quotequote all
Something like this may eventually happen.
Some years ago a certain dealer started to put nicely prepared Sagaris for sale for 10s of thousands of pounds more than they had been going for.

And the price stuck! Suddenly that’s what Sagaris was worth.

Now of course time has moved on, but it shows what’s possible when the market in something rare is ‘cornered’ and a certain hype is generated.

mcosh

285 posts

248 months

Thursday 7th September 2023
quotequote all
LucyP said:
mcosh said:
Lots of interesting comments guys and I don't usually comment but here's my experience. I need Tuscans, especially Mk1s with rebuilds. I have clients still searching for cars. It can take a long time to sell or sometimes just day. Values are still going up as the availability and condition with many being restored improve. Buyers have been scared to death by the negativity on these forums so want a car that's fully warrantied and not just an insurance company style policy.
There are 38% less TVRs for sale now than 6 years ago but the medias like FB in which they appear has rocketed creating a false illusion more are available.
Tuscans should be commanding prices way above the current £30-35k for a rebuiit good MK1. Modifications will make a car Marmite. That doesn't always mean it's worth less just it may take longer to find the right buyer.
The market is bouyant for both private and trade sellers, we just don't always hear from them on the forums. ??

If the above is really true, and you really believe it, then why don't you buy up all the cheap stock (as you see it) of Tuscans, especially from the desperate sellers who can't get rid of theirs, (which is the reason for this thread), and then wait until the market rises. That's how trading works. Buy low, sell high.

It's a nonsense to day that medias have created a false impression of volumes. You just look on the usual sites and you can soon see how many cars are for sale. Usually the same car advertised on 6 different sites.
I've been tracking all the adverts for nearly 7 years. Data is my background. The volumes and reductions are correct with a fair degree of trend accuracy. If I was a millionaire...I would buy up all the stock but this is just retirement fun. When you wanted to buy a tvr in 2017 did you go on Facebook? No. Platforms like PH was rarely heard of in comparison to autotader etc. Now 66% of the population in UK are on FB.
If you wanted a Tvr you had to research
To dismiss visibily as nonsense without any evidence is just an opinion which you are of course entitled to.

LucyP

1,716 posts

61 months

Thursday 7th September 2023
quotequote all
You're suggesting that buyers are fools. The one useful thing about the internet is that knowledge is power. FB is full of nonsense. Everyone knows that. If FB suggests that there at 300 Tuscans for sale, and you look on the usual selling platforms and there are actually about 10, you know that what FB says is nonsense.

And everyone has a reason, including you, why they don't actually want to buy a stock of Tuscans, which is why the price won't ever rise as with swisstoni's Sagaris example.

You're a dealer. Times are hard. You don't want to, or the bank won't be happy about a large amount of money being tied up in stock for years, hoping the value of it will rise. I get that. What you want is for me to walk in with a request for a Tuscan on Saturday, you source that Tuscan on Monday, add on your margin, sell it to me on Tuesday, and everyone is happy. That's good business practice for you.

m4tti

5,440 posts

157 months

Thursday 7th September 2023
quotequote all
LucyP said:
mcosh said:
Lots of interesting comments guys and I don't usually comment but here's my experience. I need Tuscans, especially Mk1s with rebuilds. I have clients still searching for cars. It can take a long time to sell or sometimes just day. Values are still going up as the availability and condition with many being restored improve. Buyers have been scared to death by the negativity on these forums so want a car that's fully warrantied and not just an insurance company style policy.
There are 38% less TVRs for sale now than 6 years ago but the medias like FB in which they appear has rocketed creating a false illusion more are available.
Tuscans should be commanding prices way above the current £30-35k for a rebuiit good MK1. Modifications will make a car Marmite. That doesn't always mean it's worth less just it may take longer to find the right buyer.
The market is bouyant for both private and trade sellers, we just don't always hear from them on the forums. ??

If the above is really true, and you really believe it, then why don't you buy up all the cheap stock (as you see it) of Tuscans, especially from the desperate sellers who can't get rid of theirs, (which is the reason for this thread), and then wait until the market rises. That's how trading works. Buy low, sell high.

It's a nonsense to day that medias have created a false impression of volumes. You just look on the usual sites and you can soon see how many cars are for sale. Usually the same car advertised on 6 different sites.
This is brilliant… made me chuckle. If there’s so much demand get those Tuscans in and flying out the door. rofl

Paulprior

870 posts

107 months

Thursday 7th September 2023
quotequote all
Getting back to the car originally discussed here and assuming it’s the £35k S, is that rear spoiler the original from TVR ??

glow worm

5,939 posts

229 months

Thursday 7th September 2023
quotequote all
Paulprior said:
Getting back to the car originally discussed here and assuming it’s the £35k S, is that rear spoiler the original from TVR ??
Yes Mk2s had the option of the large or smaller spoiler. Personally I hate the large spoiler , it holds a 1 litre of water in each side, we used to float plastic ducks in them a Tatton Park Car show smile .
When you consider dealers at end of 2006 were selling brand new MK2 'S' Targas for £40k (or less) , a loss of £5k in 17 years might be seen as cheap motoring smile . TVRs keep their values better than most , I wonder how much the OP paid for the car .

Edited by glow worm on Thursday 7th September 13:58

mcosh

285 posts

248 months

Thursday 7th September 2023
quotequote all
LucyP said:
You're suggesting that buyers are fools. The one useful thing about the internet is that knowledge is power. FB is full of nonsense. Everyone knows that. If FB suggests that there at 300 Tuscans for sale, and you look on the usual selling platforms and there are actually about 10, you know that what FB says is nonsense.

And everyone has a reason, including you, why they don't actually want to buy a stock of Tuscans, which is why the price won't ever rise as with swisstoni's Sagaris example.

You're a dealer. Times are hard. You don't want to, or the bank won't be happy about a large amount of money being tied up in stock for years, hoping the value of it will rise. I get that. What you want is for me to walk in with a request for a Tuscan on Saturday, you source that Tuscan on Monday, add on your margin, sell it to me on Tuesday, and everyone is happy. That's good business practice for you.
Certainly not suggesting buyers are fools. I would only advise sellers, don't be fooled into dropping your knickers and better to understand whats involved to get decent return. Selling takes time and understanding what you have and it's value can also be difficult. But help from dealers is out there. Yes we want to make a margin. That's business but it needs to be a win for the seller and the buyer.




Edited by mcosh on Thursday 7th September 14:05

Gladers01

610 posts

50 months

Thursday 7th September 2023
quotequote all
mcosh said:
Lots of interesting comments guys and I don't usually comment but here's my experience. I need Tuscans, especially Mk1s with rebuilds. I have clients still searching for cars. It can take a long time to sell or sometimes just day. Values are still going up as the availability and condition with many being restored improve. Buyers have been scared to death by the negativity on these forums so want a car that's fully warrantied and not just an insurance company style policy.

Tuscans should be commanding prices way above the current £30-35k for a rebuilt good MK1. Modifications will make a car Marmite. That doesn't always mean it's worth less just it may take longer to find the right buyer.
The market is bouyant for both private and trade sellers, we just don't always hear from them on the forums. ??


Edited by mcosh on Thursday 7th September 07:47


Edited by mcosh on Thursday 7th September 07:49
In your opinion why has this particular Tuscan not sold in the last 2 years? When selling privately the car needs to be priced to sell within a reasonable timescale, preferably less than 3 months, some are priced speculatively others are priced realistically to sell fairly quickly, the days of the naive mug punter are over, it will only sell at what someone else is prepared to pay.

To have it for sale for 2 years for all and sundry to see in the ads implies something is drastically wrong somewhere, maybe the price is on the high side putting aside the mods and lack of info in the advertisement, probably worth getting a second opinion from another dealer pricewise to buy outright or sell on a SOR basis smile









robscot

2,270 posts

192 months

Thursday 7th September 2023
quotequote all
LLantrisant said:
i dont agree with that...i could have agreed with it 3-5y ago.

the western world is strictly following an anti-freedom agenda.

combustion cars are on the index, hence an investment in such a car is a risk.... if not something major is changing in the world-politics, in just a few years (5-7) the possibilty to use such a car is limited on just a few roads.
the remaining cars and their defiant owners are prevented from using their vehicles by the extreme rise in petrol prices and the change in tax models.

futue scenario: at school, children are indoctrinated to tell off their parents, who still cling to a car with an internal combustion engine, to a state media office.

The massmedia will launch a broad campaign against these "unteachable" combustion junkies, similar to what was done with the unvaccinated at Covid.

i know, this scenario sounds mad and not promising....but its EXACTLY what is planed.

i know lots of collectors and rich people....and even they are totally different in their education and from their jobs, they have all one in common:

they are in Panic and try to sell as much: their cars, their arts-collections, antqiue items....etc....
Saw you have WEF wibble elsewhere.

It is possible you are being radicalised. Would check what media you consume. Reset browser so cookies etc clean and youtube and other sites give you a 'clean' feed rather than rabbitholed batst stuff.

If it reassures you, those I know are collecting art and antiques, and are not in a panic.




mcosh

285 posts

248 months

Thursday 7th September 2023
quotequote all
Gladers01 said:
mcosh said:
Lots of interesting comments guys and I don't usually comment but here's my experience. I need Tuscans, especially Mk1s with rebuilds. I have clients still searching for cars. It can take a long time to sell or sometimes just day. Values are still going up as the availability and condition with many being restored improve. Buyers have been scared to death by the negativity on these forums so want a car that's fully warrantied and not just an insurance company style policy.

Tuscans should be commanding prices way above the current £30-35k for a rebuilt good MK1. Modifications will make a car Marmite. That doesn't always mean it's worth less just it may take longer to find the right buyer.
The market is bouyant for both private and trade sellers, we just don't always hear from them on the forums. ??


Edited by mcosh on Thursday 7th September 07:47


Edited by mcosh on Thursday 7th September 07:49
In your opinion why has this particular Tuscan not sold in the last 2 years? When selling privately the car needs to be priced to sell within a reasonable timescale, preferably less than 3 months, some are priced speculatively others are priced realistically to sell fairly quickly, the days of the naive mug punter are over, it will only sell at what someone else is prepared to pay.

To have it for sale for 2 years for all and sundry to see in the ads implies something is drastically wrong somewhere, maybe the price is on the high side putting aside the mods and lack of info in the advertisement, probably worth getting a second opinion from another dealer pricewise to buy outright or sell on a SOR basis smile







I tend to find anyone buying a £20k TVR wants to know a car has been inspected and provided with a full warranty. Strongly recommend the seller of the car up for 2 years gets in touch or talks to local tvr specialist.




glow worm

5,939 posts

229 months

Thursday 7th September 2023
quotequote all
Maybe the MOT history is not helping the sale ?

Monitor and repair if necessary (advisories):
Offside Rear Valve stem slightly damaged cracking (5.2.3 (j))
I assume it's a tyre valve smile

Edited by glow worm on Thursday 7th September 14:47

jev

385 posts

262 months

Thursday 7th September 2023
quotequote all
As a previous poster said, this car has done <2000 miles in the last 10 years. In my view that means one needs to budget for a full recommission. At £35k, I think that makes it far too expensive.

Just my 2p worth.

porterpainter

682 posts

39 months

Thursday 7th September 2023
quotequote all
I might be wrong, but at least to start with this car was priced closer to £50k