Will Corona effect the Supercar Market

Will Corona effect the Supercar Market

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Discussion

Louis Balfour

26,638 posts

224 months

Wednesday 10th February 2021
quotequote all
Saweep said:
Louis Balfour said:
Saweep said:
galtezza said:
Louis Balfour said:
Saweep said:
After nothing much happening stock wise since Xmas, it seems my local Bentley/Lambo dealer have shifted a fair few cars this week.

For what it's worth.
I keep an eye on Continental Gen 2 facelift cars and they appear to be price-wise exactly where they were before lockdown 1. That's a year ago now, give or take. Low mileage convertibles seem to be selling very quickly.

It was about this time last year that I was trying to buy one from your local main dealer. Unsuccessfully.

Edited by Louis Balfour on Wednesday 10th February 17:51
Yep, Gen 3s pretty much the same story..
What's interesting is that they seem to have sold 2/3 bentaygas and an Urus in the last 24 hours.

And a couple of Gen2.2 cabs in the last few days.
You spend an unhealthy amount of time there Saweep. You aren't staff are you? biggrin
There's this amazing thing called Autotrader biggrin
It's not amazing, it is a thief of time.

Saweep

6,613 posts

188 months

Wednesday 10th February 2021
quotequote all
Louis Balfour said:
Saweep said:
Louis Balfour said:
Saweep said:
galtezza said:
Louis Balfour said:
Saweep said:
After nothing much happening stock wise since Xmas, it seems my local Bentley/Lambo dealer have shifted a fair few cars this week.

For what it's worth.
I keep an eye on Continental Gen 2 facelift cars and they appear to be price-wise exactly where they were before lockdown 1. That's a year ago now, give or take. Low mileage convertibles seem to be selling very quickly.

It was about this time last year that I was trying to buy one from your local main dealer. Unsuccessfully.

Edited by Louis Balfour on Wednesday 10th February 17:51
Yep, Gen 3s pretty much the same story..
What's interesting is that they seem to have sold 2/3 bentaygas and an Urus in the last 24 hours.

And a couple of Gen2.2 cabs in the last few days.
You spend an unhealthy amount of time there Saweep. You aren't staff are you? biggrin
There's this amazing thing called Autotrader biggrin
It's not amazing, it is a thief of time.
When I was a kid, I bought every car magazine and knew all the stats from the back of every car on sale as well as studying prices in auto trader every week fantasising.

Who knew at nearly 40 I'd be back spending hours and hours each day doing basically the same (without the fantasising bit).

Fuks sake.

av185

18,713 posts

129 months

Wednesday 10th February 2021
quotequote all
Turbo cab said:
When I was looking for a Gt2RS a month ago there were 9 or so RHD cars for sale.

There are now none, so these are definitely moving.
Yep shows theres still many buyers around even for £200k+ cars.

Further confirms OPCs are desperate for used stock.

Louis Balfour

26,638 posts

224 months

Wednesday 10th February 2021
quotequote all
Saweep said:
Louis Balfour said:
Saweep said:
Louis Balfour said:
Saweep said:
galtezza said:
Louis Balfour said:
Saweep said:
After nothing much happening stock wise since Xmas, it seems my local Bentley/Lambo dealer have shifted a fair few cars this week.

For what it's worth.
I keep an eye on Continental Gen 2 facelift cars and they appear to be price-wise exactly where they were before lockdown 1. That's a year ago now, give or take. Low mileage convertibles seem to be selling very quickly.

It was about this time last year that I was trying to buy one from your local main dealer. Unsuccessfully.

Edited by Louis Balfour on Wednesday 10th February 17:51
Yep, Gen 3s pretty much the same story..
What's interesting is that they seem to have sold 2/3 bentaygas and an Urus in the last 24 hours.

And a couple of Gen2.2 cabs in the last few days.
You spend an unhealthy amount of time there Saweep. You aren't staff are you? biggrin
There's this amazing thing called Autotrader biggrin
It's not amazing, it is a thief of time.
When I was a kid, I bought every car magazine and knew all the stats from the back of every car on sale as well as studying prices in auto trader every week fantasising.

Who knew at nearly 40 I'd be back spending hours and hours each day doing basically the same (without the fantasising bit).

Fuks sake.
You're in good company. I have an Autotrader search under a button on my favourites bar up there ^^^. That combined with Pistonheads and I can sometimes avoid work for the best part of a day.

GT4RS

4,491 posts

199 months

Wednesday 10th February 2021
quotequote all
650spider said:
GT4RS said:
I’m not sure Taffy, many have been caught up in the hype of free motoring and thinking there will always be a massive pool of buyers wanting the car they currently, if they come to sell.

How long can the manufactures carry on creating the hype for these supposedly rare cars when they keep churning out more and more numbers of each new halo model.

In my opinion production numbers are just to great nowadays. Use the gt3 as an example, there’s now thousands and thousands of them in the uk over a number of different generations and we all know the will try and make more 992 gt3 cars than ever before adding to the overall number of cars available.

When does it get to the point of over supply for these types of cars?
I agree.

A few youtubers with their own channels dived in and bought TDF's at vast overs assuming the bubble would not burst.

Both recently tried to sell but have found a market only will to pay between £150-200k less than they paid; turns out the both did not find buyers even at that.

The market has vastly changed and continues to do so.

The market is saturated with cars with nowhere near enough buyers.

Problem shall increase in spring when people always list after winter and more come onto the market.

Great time currently if you are a buyer.
1+

ghost83

5,494 posts

192 months

Wednesday 10th February 2021
quotequote all
Turbo cab said:
When I was looking for a Gt2RS a month ago there were 9 or so RHD cars for sale.

There are now none, so these are definitely moving.
My mate in the trade said porsches flew out the door and had no problems selling them said that in a post on previous page


Cheib

23,388 posts

177 months

Wednesday 10th February 2021
quotequote all
ghost83 said:
Turbo cab said:
When I was looking for a Gt2RS a month ago there were 9 or so RHD cars for sale.

There are now none, so these are definitely moving.
My mate in the trade said porsches flew out the door and had no problems selling them said that in a post on previous page
It’s amazing there are no GT2 RS’s for sale, same with Speedster’s they were hanging around like a bad smell before Xmas with maybe ten sat around for months. There are now only 2 on sale that I can see. Manual 991.2 GT3’s are also very scarce.

Edited by Cheib on Thursday 11th February 00:25

galtezza

441 posts

185 months

Thursday 11th February 2021
quotequote all
Saweep said:
galtezza said:
Louis Balfour said:
Saweep said:
After nothing much happening stock wise since Xmas, it seems my local Bentley/Lambo dealer have shifted a fair few cars this week.

For what it's worth.
I keep an eye on Continental Gen 2 facelift cars and they appear to be price-wise exactly where they were before lockdown 1. That's a year ago now, give or take. Low mileage convertibles seem to be selling very quickly.

It was about this time last year that I was trying to buy one from your local main dealer. Unsuccessfully.

Edited by Louis Balfour on Wednesday 10th February 17:51
Yep, Gen 3s pretty much the same story..
What's interesting is that they seem to have sold 2/3 bentaygas and an Urus in the last 24 hours.

And a couple of Gen2.2 cabs in the last few days.
Interesting scratchchin

Also noticed Bentley have disappeared off carwow, dont know when that happened but they were there march - june last year.


Edited by galtezza on Thursday 11th February 07:27

Wilmslowboy

4,227 posts

208 months

Thursday 11th February 2021
quotequote all
Cheib said:
It’s amazing there are no GT2 RS’s for sale, same with Speedster’s they were hanging around like a bad smell before Xmas with maybe ten sat around for months. There are now only 2 on sale that I can see. Manual 991.2 GT3’s are also very scarce.
Is this because values dropped a little and therefore asking prices started to look more attractive.


Turbo cab

1,601 posts

234 months

Thursday 11th February 2021
quotequote all
Wilmslowboy said:
Cheib said:
It’s amazing there are no GT2 RS’s for sale, same with Speedster’s they were hanging around like a bad smell before Xmas with maybe ten sat around for months. There are now only 2 on sale that I can see. Manual 991.2 GT3’s are also very scarce.
Is this because values dropped a little and therefore asking prices started to look more attractive.
It may well have although I haven't really tracked speedsters and Gt3. Prices on the Gt2rs ranged from £310k to £350k, the cheaper ones got snapped up and then the dearer ones did.

It's just a case of where the market sits when cars come back on sale.



LordOfTheManor

1,267 posts

113 months

Thursday 11th February 2021
quotequote all
Everyone thinks they are going to die, so they are buying their dreams now! how long will it last?


Turbo cab

1,601 posts

234 months

Thursday 11th February 2021
quotequote all
LordOfTheManor said:
Everyone thinks they are going to die, so they are buying their dreams now! how long will it last?
Don't forget all the BBL funny money floating about as well wink

davek_964

8,949 posts

177 months

Thursday 11th February 2021
quotequote all
LordOfTheManor said:
Everyone thinks they are going to die, so they are buying their dreams now! how long will it last?
I had a degree of that thinking way before the covid stuff. One parent died very very young - the other did better, but still barely made it into her 60s - so there is definitely a hint of "you could be dead tomorrow" at the back of my mind when I decide how much I'm spending on cars.

If I live to a ripe old age - I'm f****d!

Saweep

6,613 posts

188 months

Thursday 11th February 2021
quotequote all
Turbo cab said:
LordOfTheManor said:
Everyone thinks they are going to die, so they are buying their dreams now! how long will it last?
Don't forget all the BBL funny money floating about as well wink
Is there any left?

All the BBL lambo buyers I know spunked theirs back last summer. biggrin

Turbo cab

1,601 posts

234 months

Thursday 11th February 2021
quotequote all
Saweep said:
Turbo cab said:
LordOfTheManor said:
Everyone thinks they are going to die, so they are buying their dreams now! how long will it last?
Don't forget all the BBL funny money floating about as well wink
Is there any left?

All the BBL lambo buyers I know spunked theirs back last summer. biggrin
rofl

garystoybox

788 posts

119 months

Thursday 11th February 2021
quotequote all
Saweep said:
Is there any left?

All the BBL lambo buyers I know spunked theirs back last summer. biggrin
Class comment... there should really be a glut of these things on the market driving prices down when the fraudsters get locked up for fraud. Have to laugh about it or makes your blood boil......

Ferruccio

1,838 posts

121 months

Thursday 11th February 2021
quotequote all
LordOfTheManor said:
Everyone thinks they are going to die, so they are buying their dreams now!
They will.

Cheib

23,388 posts

177 months

Thursday 11th February 2021
quotequote all
Turbo cab said:
Wilmslowboy said:
Cheib said:
It’s amazing there are no GT2 RS’s for sale, same with Speedster’s they were hanging around like a bad smell before Xmas with maybe ten sat around for months. There are now only 2 on sale that I can see. Manual 991.2 GT3’s are also very scarce.
Is this because values dropped a little and therefore asking prices started to look more attractive.
It may well have although I haven't really tracked speedsters and Gt3. Prices on the Gt2rs ranged from £310k to £350k, the cheaper ones got snapped up and then the dearer ones did.

It's just a case of where the market sits when cars come back on sale.
Speedster’s were initially £300k or more and then gradually over most of last year got as low as £250k as the advertised price....I would say they sat between £250k and £280k for the last three months of last year.

GT3 prices are if anything up £10k over the last three months for manual cars especially there were say 40 cars available at the end of last summer. I think there are 7 now at OPC’s.

The only GT Porsche that is available in relative numbers is the 991.2 RS which is possibly because it’s the one that the OPC’s favourite customers will have in their garage and are selling to make way for the GT3.

MisterBigglesworth

454 posts

50 months

Thursday 11th February 2021
quotequote all
Turbo cab said:
Don't forget all the BBL funny money floating about as well wink
Plus a lot of professionals have been working from home for near on a year. Without the train season ticket, parking, lunches, after work pub do’s, dinners out, and 3am lap dancing bar antics it’s shocking how much money you suddenly have from day to day discretionary purchases with no meaningful outlet to spend it on.


Ferruccio

1,838 posts

121 months

Thursday 11th February 2021
quotequote all
MisterBigglesworth said:
Turbo cab said:
Don't forget all the BBL funny money floating about as well wink
Plus a lot of professionals have been working from home for near on a year. Without the train season ticket, parking, lunches, after work pub do’s, dinners out, and 3am lap dancing bar antics it’s shocking how much money you suddenly have from day to day discretionary purchases with no meaningful outlet to spend it on.
Holidays is a big saving.