McLaren 720s at £130,000
Discussion
MDL111 said:
As I posted on another thread, I think modern GT/RS Porsches and modern non-limited Ferraris have a lot further to fall in absolute gbp terms than 540/570/650 and maybe even the 720s at the lower end of the spectrum
Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
The difference between Porsche GT limited run and Mclaren is not just oversupply of overpriced Mclarens and in contrast limited Porsches GTs available of the right spec but crucially the Porsches are deliberately underpriced when new for brand filtering purposes...as you rightly say Porsche are masters at marketing.Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
This has contributed to the heady premiums we have witnessed since the 991.1 GT3 of 2013 (332 UK cars) continuing with the GT4, Spyder and 991.2 GT3 RS and GT2 RS.
Quite remarkable that even 6 year old 25K mile GT3s are still retailing just under list ££ which further confirms the obvious underpricing when new and their overall ability at the price relative to what little competition from other manufacturers.
Ferraris and certain Lamborghinis (Performante) are a different ball game and whilst the vanilla 488 and to a degree 458 will suffer further, Specialies and Pistas will show far better resilience again largely down to limited numbers and overall desirability.
Crucially, unlike many Porsches GTs, many of the above cars are grossly overpriced new, which combined with oversupply is truly a killer depreciation wise particularly now when things get tough.
av185 said:
MDL111 said:
As I posted on another thread, I think modern GT/RS Porsches and modern non-limited Ferraris have a lot further to fall in absolute gbp terms than 540/570/650 and maybe even the 720s at the lower end of the spectrum
Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
The difference between Porsche GT limited run and Mclaren is not just oversupply of overpriced Mclarens and in contrast limited Porsches GTs available of the right spec but crucially the Porsches are deliberately underpriced when new for brand filtering purposes...as you rightly say Porsche are masters at marketing.Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
This has contributed to the heady premiums we have witnessed since the 991.1 GT3 of 2013 (332 UK cars) continuing with the GT4, Spyder and 991.2 GT3 RS and GT2 RS.
Quite remarkable that even 6 year old 25K mile GT3s are still retailing just under list ££ which further confirms the obvious underpricing when new and their overall ability at the price relative to what little competition from other manufacturers.
Ferraris and certain Lamborghinis (Performante) are a different ball game and whilst the vanilla 488 and to a degree 458 will suffer further, Specialies and Pistas will show far better resilience again largely down to limited numbers and overall desirability.
Crucially, unlike many Porsches GTs, many of the above cars are grossly overpriced new, which combined with oversupply is truly a killer depreciation wise particularly now when things get tough.
SSO said:
FezSpider said:
Calculator said:
I read your article earlier - very interesting and easy to digest. Thanks for sharing
Yes I read it last week to, and the one before. It is very comprehensible, very good.
Juno said:
av185 said:
MDL111 said:
As I posted on another thread, I think modern GT/RS Porsches and modern non-limited Ferraris have a lot further to fall in absolute gbp terms than 540/570/650 and maybe even the 720s at the lower end of the spectrum
Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
The difference between Porsche GT limited run and Mclaren is not just oversupply of overpriced Mclarens and in contrast limited Porsches GTs available of the right spec but crucially the Porsches are deliberately underpriced when new for brand filtering purposes...as you rightly say Porsche are masters at marketing.Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
This has contributed to the heady premiums we have witnessed since the 991.1 GT3 of 2013 (332 UK cars) continuing with the GT4, Spyder and 991.2 GT3 RS and GT2 RS.
Quite remarkable that even 6 year old 25K mile GT3s are still retailing just under list ££ which further confirms the obvious underpricing when new and their overall ability at the price relative to what little competition from other manufacturers.
Ferraris and certain Lamborghinis (Performante) are a different ball game and whilst the vanilla 488 and to a degree 458 will suffer further, Specialies and Pistas will show far better resilience again largely down to limited numbers and overall desirability.
Crucially, unlike many Porsches GTs, many of the above cars are grossly overpriced new, which combined with oversupply is truly a killer depreciation wise particularly now when things get tough.
av185 said:
MDL111 said:
As I posted on another thread, I think modern GT/RS Porsches and modern non-limited Ferraris have a lot further to fall in absolute gbp terms than 540/570/650 and maybe even the 720s at the lower end of the spectrum
Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
The difference between Porsche GT limited run and Mclaren is not just oversupply of overpriced Mclarens and in contrast limited Porsches GTs available of the right spec but crucially the Porsches are deliberately underpriced when new for brand filtering purposes...as you rightly say Porsche are masters at marketing.Most modern Porsche GT/RS buyers at 150-200k will disappear as soon as there is the whiff of proper depreciation imo and there are many thousands of these cars (esp compared to 997 and earlier, there are just too many of them - Porsche marketing at its best), so the proper enthusiast won’t prop them up enough to hold these values.
This has contributed to the heady premiums we have witnessed since the 991.1 GT3 of 2013 (332 UK cars) continuing with the GT4, Spyder and 991.2 GT3 RS and GT2 RS.
Quite remarkable that even 6 year old 25K mile GT3s are still retailing just under list ££ which further confirms the obvious underpricing when new and their overall ability at the price relative to what little competition from other manufacturers.
Ferraris and certain Lamborghinis (Performante) are a different ball game and whilst the vanilla 488 and to a degree 458 will suffer further, Specialies and Pistas will show far better resilience again largely down to limited numbers and overall desirability.
Crucially, unlike many Porsches GTs, many of the above cars are grossly overpriced new, which combined with oversupply is truly a killer depreciation wise particularly now when things get tough.
I haven’t checked in a while what prices are doing in Germany, but they were definitely dropping last time I looked and premiums were either small or no longer there
It’ll be interesting to watch
Calculator said:
That’s lovely. I don’t know enough about the spec of these cars but it would be interesting to understand how they’ve priced this given the 2019 car at £145k.
Plenty of 488's in a similar position, 2016 & 2018 cars priced the same, same colour & similar miles too!I personally think silver is a tough sell on a 720s, reduces the amount of buyers significantly imo.
ferdi p said:
Plenty of 488's in a similar position, 2016 & 2018 cars priced the same, same colour & similar miles too!
I personally think silver is a tough sell on a 720s, reduces the amount of buyers significantly imo.
Same could be said for any top end car. I personally think silver is a tough sell on a 720s, reduces the amount of buyers significantly imo.
Resale silver has never applied to supercars.
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