Why are murcis not selling?

[ufoufo]

I was in the market for one several months ago (until I actualy test drove one!), but the same cars are still for sale at the same prices (except the yellow 2002 one which seems to be appreciating in price (up from £71k to £74k). So whats the problem? Has everyone else come to the same conclusion as me?

[jdw1234]

Perhaps the economic climate is making it a bit harder to sell lairy-coloured, full-fat Lambos.

What was there not to like about them?

[yellowtr]

HTH

http://news.bbc.co.uk/1/hi/in_depth/business/2008/...

[ufoufo]

jdw1234 said:

Perhaps the economic climate is making it a bit harder to sell lairy-coloured, full-fat Lambos.

What was there not to like about them?

everything else seems to be shifting though - gallardos, F430s etc

[Callughan]

It's more of a decision than a Gallardo or F430 which are easier to use in town.

There are many factors; size, no warranty, fewer choices, running costs etc...

Did you not like it after you drove it???

[XXVIII]

ufoufo said:

I was in the market for one several months ago (until I actualy test drove one!), but the same cars are still for sale at the same prices (except the yellow 2002 one which seems to be appreciating in price (up from £71k to £74k). So whats the problem? Has everyone else come to the same conclusion as me?

Please read any number of previous PistonHeads discussions concerning the vendor for that car. An increased asking price would / should be the least of any purchaser's concerns...

Sources have recently confirmed that that particular yellow car had once been subject of a repossession order when an owner defaulted and was owned originally by a classic 'daddy's little boy', judging by his uncalled for behaviour and appearance at LCUK's annual event in 2004...

SHOCK NEWS (not!) - there aren't that many Murciélagos out there anyway and car that are sold will have been bought almost without advertising. With the buying pool fulfilled, the few cars that are still in showrooms will take longer to sell, obviously. On the other hand, I know of at least 3 Murciélagos that have sold in the last two months which never saw a dealer's premises between the old owner and new owner...

[topjay]

XXVIII if you know any Lp640's for sale at sensible prices could you let me know please.

[lambo_xx]

XXVIII said:

ufoufo said:

I was in the market for one several months ago (until I actualy test drove one!), but the same cars are still for sale at the same prices (except the yellow 2002 one which seems to be appreciating in price (up from £71k to £74k). So whats the problem? Has everyone else come to the same conclusion as me?

Please read any number of previous PistonHeads discussions concerning the vendor for that car. An increased asking price would / should be the least of any purchaser's concerns...

Sources have recently confirmed that that particular yellow car had once been subject of a repossession order when an owner defaulted and was owned originally by a classic 'daddy's little boy', judging by his uncalled for behaviour and appearance at LCUK's annual event in 2004...

SHOCK NEWS (not!) - there aren't that many Murciélagos out there anyway and car that are sold will have been bought almost without advertising. With the buying pool fulfilled, the few cars that are still in showrooms will take longer to sell, obviously. On the other hand, I know of at least 3 Murciélagos that have sold in the last two months which never saw a dealer's premises between the old owner and new owner...

Just out of interest, why is the fact it was a repossession a bad thing? I am well aware of Dealers reputation and as a result would be unlikely to buy from him, but if the car was checked over (inspections, HPI's etc) then surely it would be ok?

[lambo_xx]

ufoufo said:

I was in the market for one several months ago (until I actualy test drove one!)

Just out of interest why didn't you like it one you drove it?

[ufoufo]

XXVIII said:

ufoufo said:

I was in the market for one several months ago (until I actualy test drove one!), but the same cars are still for sale at the same prices (except the yellow 2002 one which seems to be appreciating in price (up from £71k to £74k). So whats the problem? Has everyone else come to the same conclusion as me?

Please read any number of previous PistonHeads discussions concerning the vendor for that car. An increased asking price would / should be the least of any purchaser's concerns...

Sources have recently confirmed that that particular yellow car had once been subject of a repossession order when an owner defaulted and was owned originally by a classic 'daddy's little boy', judging by his uncalled for behaviour and appearance at LCUK's annual event in 2004...

SHOCK NEWS (not!) - there aren't that many Murciélagos out there anyway and car that are sold will have been bought almost without advertising. With the buying pool fulfilled, the few cars that are still in showrooms will take longer to sell, obviously. On the other hand, I know of at least 3 Murciélagos that have sold in the last two months which never saw a dealer's premises between the old owner and new owner...

I am sure that this happens with any much admired car that belongs in a "club". My point is that the vast majority of murcis advertised on here and the autotrader have been for sale for yonks! Its one of the reasons why I had a change of heart about buying one i.e. why should I buy a car that the seller has been trying to sell for a year or so? they cant shift it what chances have I when I am done with it?

[evil_dr_fish]

As long as your expected 'ease of selling' price is reflected in the buying price then no worries.

If they have been sitting on it for aaaages then that *probably* means one of a few things:


1) It's a s**ter!

2) It's not a s**tter and they're just a completely stubborn vendor and utterly unwilling to budge on a price that is currently too strong for the present market to bear...

3) It's not a a**ter and they're now f***ing desperate to sell and if you make them a genuine offer and waft cash under your nose, they'll bite your hand off for it (subject to my initial assertion at the beginning of my reply )


I am sure other people can add scenarios 4, 5 & 6 etc to my provisional list


If you're buying, already with a view to selling then is a Murci really the best car for you to be looking at? How about something that is in the 'non-depreciation' zone? Eg a Diablo, Countach or 355 (etc)

[XXVIII]

lambo_xx said:

Just out of interest, why is the fact it was a repossession a bad thing? I am well aware of Dealers reputation and as a result would be unlikely to buy from him, but if the car was checked over (inspections, HPI's etc) then surely it would be ok?

Same sources have also suggested that the car has been well (ab)used during it's lifetime...

I'm not at liberty to say anymore since the information comes from parties with reliable and credible 'similar business' activities and interests to the vendor but, whilst this may well be an OK car that could check out well enough, in the rarified atmosphere of Murciélago ownership you wouldn't want to buy one with an iffy history of any kind, would you?

They are still big-ticket motors and they will always be, no matter how low / variable the sales price is.
The recent sale price increase of this car is probably just one of those 'it's summer!!' things...

[XXVIII]

topjay said:

XXVIII if you know any Lp640's for sale at sensible prices could you let me know please.

I could if I did but I don't, sorry chum...

I can point you at an excellent Diablo 6.0 though, or a near-perfect Miura or...

... a reasonable-sized, three bedroom detached house in a quiet part of Lancashire which is cheaper than the Miura but more than the Diablo...

No?

Thought not...

[DIW35]

I'm wondering if it's something to do with the fact that the SV is now the last of the line, and people may be a bit nervous about buying into a model that is about to be discontinued. Obviously it hasn't done any harm to the Miura and Countach, but will the Murci ever reach the heady heights that the aforementioned two have, given how many have been produced.

[132]

ufoufo said:

I was in the market for one several months ago (until I actualy test drove one!), but the same cars are still for sale at the same prices (except the yellow 2002 one which seems to be appreciating in price (up from £71k to £74k). So whats the problem? Has everyone else come to the same conclusion as me?

Aside from the 2 Yellow ones in the 70's, what else is there for sale below £95K? I have been tracking Murcielago's for a while, and for some time there has been hardly anything come up for much less than this figure...

[XXVIII]

DIW35 said:

I'm wondering if it's something to do with the fact that the SV is now the last of the line, and people may be a bit nervous about buying into a model that is about to be discontinued. Obviously it hasn't done any harm to the Miura and Countach, but will the Murci ever reach the heady heights that the aforementioned two have, given how many have been produced.

A liddle, biddy theoryette for a balmy Friday evening...

When the Murciélago is finally replaced (though I'm not convinced the new SV is either the last of the line or the end of the Murciélago range, but that's a matter for another discussion) the replacement will be lauded / slated / praised / damned whilst the Diablos that have survived will begin to rilly, rilly shoot up in value...

The Murciélagos will begin to loose value for a good while, depending on spec. and condition, some will find their way into the wrong hands or become parts-donor cars or else get owned by those who think they only look any good when hidden away against the day they'll be worth millions of New Bolivars or zillions of Winky Eyeohyous...

and when the Murciélago replacement is replaced (2022 anybody?...), the Murciélago will begin to be remembered as it should be... and so the cycle will / should continue.

Right, theoryette rambling over, I'm off to the chippie...

[andrew.]

XXVIII said:

A liddle, biddy theoryette for a balmy Friday evening...

When the Murciélago is finally replaced (though I'm not convinced the new SV is either the last of the line or the end of the Murciélago range, but that's a matter for another discussion) the replacement will be lauded / slated / praised / damned whilst the Diablos that have survived will begin to rilly, rilly shoot up in value...

The Murciélagos will begin to loose value for a good while, depending on spec. and condition, some will find their way into the wrong hands or become parts-donor cars or else get owned by those who think they only look any good when hidden away against the day they'll be worth millions of New Bolivars or zillions of Winky Eyeohyous...

and when the Murciélago replacement is replaced (2022 anybody?...), the Murciélago will begin to be remembered as it should be... and so the cycle will / should continue.

Right, theoryette rambling over, I'm off to the chippie...

walob

[ufoufo]

132 said:

ufoufo said:

I was in the market for one several months ago (until I actualy test drove one!), but the same cars are still for sale at the same prices (except the yellow 2002 one which seems to be appreciating in price (up from £71k to £74k). So whats the problem? Has everyone else come to the same conclusion as me?

Aside from the 2 Yellow ones in the 70's, what else is there for sale below £95K? I have been tracking Murcielago's for a while, and for some time there has been hardly anything come up for much less than this figure...

I was offered a few from this site, nice cars but seriously overpriced (yellow 2002 for £89K, and an orange 2004 for £95K), then there is the silver one at Romans St Albans for £89K. My conclusion was that there simply was no interest in these cars at these prices so I just walked away!

[lambo_xx]

ufoufo said:

132 said:

ufoufo said:

I was in the market for one several months ago (until I actualy test drove one!), but the same cars are still for sale at the same prices (except the yellow 2002 one which seems to be appreciating in price (up from £71k to £74k). So whats the problem? Has everyone else come to the same conclusion as me?

Aside from the 2 Yellow ones in the 70's, what else is there for sale below £95K? I have been tracking Murcielago's for a while, and for some time there has been hardly anything come up for much less than this figure...

I was offered a few from this site, nice cars but seriously overpriced (yellow 2002 for £89K, and an orange 2004 for £95K), then there is the silver one at Romans St Albans for £89K. My conclusion was that there simply was no interest in these cars at these prices so I just walked away!

Just out of interest what are the cars worth? It's so difficult to tell when there is really only 3 0r 4 for sale and at such varying prices.

[ufoufo]

lambo_xx said:

ufoufo said:

132 said:

ufoufo said:

I was in the market for one several months ago (until I actualy test drove one!), but the same cars are still for sale at the same prices (except the yellow 2002 one which seems to be appreciating in price (up from £71k to £74k). So whats the problem? Has everyone else come to the same conclusion as me?

Aside from the 2 Yellow ones in the 70's, what else is there for sale below £95K? I have been tracking Murcielago's for a while, and for some time there has been hardly anything come up for much less than this figure...

I was offered a few from this site, nice cars but seriously overpriced (yellow 2002 for £89K, and an orange 2004 for £95K), then there is the silver one at Romans St Albans for £89K. My conclusion was that there simply was no interest in these cars at these prices so I just walked away!

Just out of interest what are the cars worth? It's so difficult to tell when there is really only 3 0r 4 for sale and at such varying prices.

When you put the murci side by side with a diablo you will notice many similarities and to most eys, its not as dramamtic a shape as the diablo. The cabin is also not much of an improvementn and is already looking dated. I feel that 2002 cars will carry on falling until they reach £50k. The fact that they are not selling at £70k and above is proof that the market does not value them that high.

Edited by ufoufo on Saturday 4th July 00:31