Supercar Sales Drop By Two Thirds
Discussion
Bispal said:
ex-devonpaul said:
This is new registrations.
In which case there will be a decline in used supply shortly which should prop up prices.
Unless the manufacturer goes under.
Very true ^^^In which case there will be a decline in used supply shortly which should prop up prices.
Unless the manufacturer goes under.
I doubt the interest rates have any impact on the 'super-rich'.
Most likely the other article at the weekend that said sales were down due to those with "10% deposit / 90% finance". Sales were strong in the £1M+ price bracket and stable in the 50/50 finance £250-350k bracket with plenty of buyers.
Assuming you have the funds and you want a 'bog standard' brand new 2 door, 2 seater, v8 (or v6 as its now seems) supercar what options do you have?
750s - I doubt many will buy, too similar to 720s
296 GTB - difficult enough for Ferrari to supply at current levels as it is (other Ferraris special / ltd editions are not supercars)
Huracan - too old?
McLaren MC20 - possibly
So even if you had cash what exactly would you buy new? There is very little available. There is nothing I would buy ATM if I had £1M in my pocket except perhaps a Superformance GT40 and a house in Antibes with the change. I would suggest this is why sales are slow rather than papers guessing what the super rich may or may not be doing.
The car I'm after is a brill spec, still hasn't moved in several months, price has come down by 10% or so and it's still not gone anywhere.
I see little movement overall to be honest, at least with that side of the market. Don't think it's solely stuff under £X that is affected. 812s are the same story. Prices coming down, cars not moving much - at least the advertised ones. It's a good time to be a buyer.
It’s a good thing imo
Too many supercars owned by the wrong type, I would be happy to see their investment potential disappear too.
Seeing owners who have the cash to buy them, then actually drive them / track them and don’t parade them in cities revving them for the paps, will be a good move forward.
Our collection being worth zero wouldn’t bother me one jot and make zero difference to my enjoyment of them, in fact it’d probably improve.
May it continue, other than the obvious decline in choice from manufacturers.
Too many supercars owned by the wrong type, I would be happy to see their investment potential disappear too.
Seeing owners who have the cash to buy them, then actually drive them / track them and don’t parade them in cities revving them for the paps, will be a good move forward.
Our collection being worth zero wouldn’t bother me one jot and make zero difference to my enjoyment of them, in fact it’d probably improve.
May it continue, other than the obvious decline in choice from manufacturers.
Edited by Kerniki on Tuesday 31st October 07:02
It’s a lousy time to be ordering new silly cars for the enlarged potential ownership base - compared to the previous period. Hence that base will shrink again. Into the teeth of said lousy time, manufacturers are increasing the prices of those silly cars, £100k+ over what they were in the previous “golden period”. The price point the enlarged potential ownership base came in at still exists though, but in the 2nd market, so many of them can play there, subject to their current financial constraints.
ChocolateFrog said:
Got nothing to do with the super rich and everything to do with the availability and cost of credit to the moderately rich.
Nail/headPlus the manufacturers got a bit giddy upping so the prices to capture the "overs" on new cars over the Covid period so now they all have stupidly expensive cars that are double expensive to finance. The whole sector will suffer. Add on legislation making the cars now boring with hybrid tech the supercar in the main is dead and all the best ones have already been made.
fridaypassion said:
ChocolateFrog said:
Got nothing to do with the super rich and everything to do with the availability and cost of credit to the moderately rich.
Nail/headPlus the manufacturers got a bit giddy upping so the prices to capture the "overs" on new cars over the Covid period so now they all have stupidly expensive cars that are double expensive to finance. The whole sector will suffer. Add on legislation making the cars now boring with hybrid tech the supercar in the main is dead and all the best ones have already been made.
New supercars are hybrid V6's with auto boxes, electric steering, stop-start, safety bongs, screens and body's designed to pass pedestrian safety regulations. They are heavy and they feel very different. No doubt they are quick and have oodles of grip, but that's not solely why we used to buy supercars.
As the prices climb to reflect all the engineering to meet legislation and lower sales they will once again (like the 60's & 70's) become the preserve of the hyper wealthy. We have been lucky to live through a golden period but its over.
I predict Ferrari will continue, on brand value alone, Lamborghini will become badge engineering for VAG and McLaren will be bought by BMW / Mercedes or Geely and sell low number, high value cars joining Pagani, Bugatti & Koenigsegg.
We mere mortals will be picking from a back catalogue which will, eventually, increase in value as long as legislation and desire continues. The wealthy will buy resto-mods and one-off special commissions. I predict we will be drooling over £1M 996 Porsches made by Singer in 20 years time while the Ferrari's and McLaren's we drive around in now will be locked up, un used, in collections. Goodness knows what we will drive, probably all be happy if we are allowed to drive an MX5!
Bispal said:
Exactly, the best have already been made. Anyone who has passed their driving test in the past 10 years is used to no steering feel, no brake feel, in fact barely any feel or feedback from a car but loads of tech and screens. As they age a supercar, as we see it, will not appeal to them. Especially when a Tesla is as quick as that's all that matters, the stats, they have no interest in what used to matter to us.
New supercars are hybrid V6's with auto boxes, electric steering, stop-start, safety bongs, screens and body's designed to pass pedestrian safety regulations. They are heavy and they feel very different. No doubt they are quick and have oodles of grip, but that's not solely why we used to buy supercars.
As the prices climb to reflect all the engineering to meet legislation and lower sales they will once again (like the 60's & 70's) become the preserve of the hyper wealthy. We have been lucky to live through a golden period but its over.
I predict Ferrari will continue, on brand value alone, Lamborghini will become badge engineering for VAG and McLaren will be bought by BMW / Mercedes or Geely and sell low number, high value cars joining Pagani, Bugatti & Koenigsegg.
We mere mortals will be picking from a back catalogue which will, eventually, increase in value as long as legislation and desire continues. The wealthy will buy resto-mods and one-off special commissions. I predict we will be drooling over £1M 996 Porsches made by Singer in 20 years time while the Ferrari's and McLaren's we drive around in now will be locked up, un used, in collections. Goodness knows what we will drive, probably all be happy if we are allowed to drive an MX5!
Yep couldn't agree more, RIP the supercar IMHO.New supercars are hybrid V6's with auto boxes, electric steering, stop-start, safety bongs, screens and body's designed to pass pedestrian safety regulations. They are heavy and they feel very different. No doubt they are quick and have oodles of grip, but that's not solely why we used to buy supercars.
As the prices climb to reflect all the engineering to meet legislation and lower sales they will once again (like the 60's & 70's) become the preserve of the hyper wealthy. We have been lucky to live through a golden period but its over.
I predict Ferrari will continue, on brand value alone, Lamborghini will become badge engineering for VAG and McLaren will be bought by BMW / Mercedes or Geely and sell low number, high value cars joining Pagani, Bugatti & Koenigsegg.
We mere mortals will be picking from a back catalogue which will, eventually, increase in value as long as legislation and desire continues. The wealthy will buy resto-mods and one-off special commissions. I predict we will be drooling over £1M 996 Porsches made by Singer in 20 years time while the Ferrari's and McLaren's we drive around in now will be locked up, un used, in collections. Goodness knows what we will drive, probably all be happy if we are allowed to drive an MX5!
On the plus side I can see certain old school supercars increasing in value as true petrolheads search the ever reducing pool of back catalogue examples.
Always best to be ahead of the game
I've worked with Ferrari for 22 years now and this year we didn't have our busy season on pre-owned Ferraris, i.e early spring, people looking for a toy for the summer.
But I'm amazed that people are surprised by this, when there is any uncertainty in the world/climate the first markets to drop are luxury non essential items, supercars, watches etc....
But I'm amazed that people are surprised by this, when there is any uncertainty in the world/climate the first markets to drop are luxury non essential items, supercars, watches etc....
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