values cooling?
Discussion
Chunkychucky said:
I was wondering this - just picked up an Austin A35 with 8,027 miles on the clock, never had any welding (been all over/under it on the ramp) so mileage looks genuine, paid 6k for it. And yet, dealers/lunatics are still asking up to and over 10k for cars that even from pictures you can see the panel gaps are s
t/panels are rippled and full of filler 
That was a good findt/panels are rippled and full of filler P. ONeill said:
Stuart70 said:
Buy it, run it, love it. Don’t invest in it. But that is just my view…
If only everyone could think like this and not just the classic car buyer. Driving for me has always been about enjoyment, away from the every day routine. I took one of mine out over the weekend, weather was good, I came home with a huge smile on my face.
I’m about to start restoring an E-Type, I can guarantee there won’t be any profit, but if it’s ready for the wife’s fiftieth in two years it will be well worth it.
You’re a long time dead.
I dont agree in the investing thing on its own with a car just sitting there, sad
but then accountants generally are..Even though (as per my earlier post), I think value should be the last factor in classic car ownership, the latter part of this year is going to hit (some/many/most) people hard, personally I was going to change my modern this year, if things had remained the same I could have done this, as it is with the prices of nearly new cars I’m waiting to see what will happen as I’m just not prepared to change into the car I would have and pay 30% more for it, or buy an older car with more mileage just for the sake of change.
I have no idea if this will be the right thing to do, plenty of people are saying this will be the manufacturer’s new model, lower production, higher margins, less depreciation for used, my take on it is people won’t want to either pay the inflated price or the PCP monthly cost when there are hard choices to make and eventually the dealers will have to lower prices as the demand will fall away.
Again no idea if this will impact on prices for classics, which are essentially ‘toys’, there always seems to be a cycle where people get to a point where they can buy the cars they lusted after in their youth, those values then rise because of supply and demand, use-ability also come into in, I don’t have anything that won’t keep up with modern traffic, I really don’t want to be cruising at 50 on a motorway with trucks coming up behind to overtake, or to be taking every back road to get somewhere all the time (though I do often do this by choice as it’s better for the car to run on the roads it was designed for), have values for the cars built in the early 1900’s fallen ?, no idea as I have no interest in them, as we move on will the lack of demand move on with us so that these early cars become worthless, perhaps those that have them can comment ?
I have no idea if this will be the right thing to do, plenty of people are saying this will be the manufacturer’s new model, lower production, higher margins, less depreciation for used, my take on it is people won’t want to either pay the inflated price or the PCP monthly cost when there are hard choices to make and eventually the dealers will have to lower prices as the demand will fall away.
Again no idea if this will impact on prices for classics, which are essentially ‘toys’, there always seems to be a cycle where people get to a point where they can buy the cars they lusted after in their youth, those values then rise because of supply and demand, use-ability also come into in, I don’t have anything that won’t keep up with modern traffic, I really don’t want to be cruising at 50 on a motorway with trucks coming up behind to overtake, or to be taking every back road to get somewhere all the time (though I do often do this by choice as it’s better for the car to run on the roads it was designed for), have values for the cars built in the early 1900’s fallen ?, no idea as I have no interest in them, as we move on will the lack of demand move on with us so that these early cars become worthless, perhaps those that have them can comment ?
So right on the modern car front. Two years ago I need a new daily driver, so since Mercedes are very expensive in France I looked in Germany. I bought a Class C estate, 18,000 miles and five years old, all bells and whistles (Avant Garde) with a 2-yr Mercedes parts and labour guarantee, for £17,000. Out of curiosity I looked at the Mercedes site today and the cheapest similar car is €24,000
Stuart70 said:
I was at the historics auction yesterday.
That little fiat was gorgeous and way under valued.
Landies and upper end were making money. Other stuff there was no money in the room.
Buy it, run it, love it. Don’t invest in it. But that is just my view…
That Fiat 124 Sport was indeed lovely, timewarp condition and star of the auction for me. Whoever tried their luck with an £8k bid paid £14k in the end.That little fiat was gorgeous and way under valued.
Landies and upper end were making money. Other stuff there was no money in the room.
Buy it, run it, love it. Don’t invest in it. But that is just my view…
Many cars sold later once bidders, sellers and auction house did some deals. I think those unsold mostly had an unrealistic reserve.
I was surprised what strong money a couple of cars went for, no doubt because they were one owner low mileage examples. An R53 Mini Cooper S JCW with an awful MOT history and no service history that I could find in the file went for over £10k inc. A R129 SL500 complete with badly dented wing and door over £15k.
My mate the restorer has recently done a valuation on a Triumph Stag , absolutely immaculate and original. I fell of my chair when he said £80k !
Decent early E types are still getting £90k , people are still paying £50-£80k for restoration work .
Late stuff like Volvo 850 or early 70 with T5 or R badges are still rising .
The top end dealers are swapping stock about to hide the lack of sales but the private /club market is strong as it always has been and cars swap hands at true values .
Decent early E types are still getting £90k , people are still paying £50-£80k for restoration work .
Late stuff like Volvo 850 or early 70 with T5 or R badges are still rising .
The top end dealers are swapping stock about to hide the lack of sales but the private /club market is strong as it always has been and cars swap hands at true values .
SFTWend said:
Stuart70 said:
I was at the historics auction yesterday.
That little fiat was gorgeous and way under valued.
Landies and upper end were making money. Other stuff there was no money in the room.
Buy it, run it, love it. Don’t invest in it. But that is just my view…
That Fiat 124 Sport was indeed lovely, timewarp condition and star of the auction for me. Whoever tried their luck with an 8k bid paid 14k in the end.That little fiat was gorgeous and way under valued.
Landies and upper end were making money. Other stuff there was no money in the room.
Buy it, run it, love it. Don’t invest in it. But that is just my view…
Many cars sold later once bidders, sellers and auction house did some deals. I think those unsold mostly had an unrealistic reserve.
I was surprised what strong money a couple of cars went for, no doubt because they were one owner low mileage examples. An R53 Mini Cooper S JCW with an awful MOT history and no service history that I could find in the file went for over 10k inc. A R129 SL500 complete with badly dented wing and door over 15k.
He has a JCW on at present for >£10k. They are certainly fun and if well set up can do the Peugeot 205 Gti lift off oversteer very nicely.
Guess as ever, value is what someone will pay!
grumpy52 said:
My mate the restorer has recently done a valuation on a Triumph Stag , absolutely immaculate and original. I fell of my chair when he said 80k !
Decent early E types are still getting 90k , people are still paying 50- 80k for restoration work .
Late stuff like Volvo 850 or early 70 with T5 or R badges are still rising .
The top end dealers are swapping stock about to hide the lack of sales but the private /club market is strong as it always has been and cars swap hands at true values .
Ssssshhhhooorly an extra zero on that Stag valuation?! Guess the problem with getting old is that “normal” cars are becoming collectible classics Decent early E types are still getting 90k , people are still paying 50- 80k for restoration work .
Late stuff like Volvo 850 or early 70 with T5 or R badges are still rising .
The top end dealers are swapping stock about to hide the lack of sales but the private /club market is strong as it always has been and cars swap hands at true values .
Bob-iylho said:
grumpy52 said:
My mate the restorer has recently done a valuation on a Triumph Stag , absolutely immaculate and original. I fell of my chair when he said 80k !
That must be a very special one, never seen one close to that figureOtherwise, I can't see any other Stag being valued for insurance purposes at more than 40k let alone 80k!
aeropilot said:
Bob-iylho said:
grumpy52 said:
My mate the restorer has recently done a valuation on a Triumph Stag , absolutely immaculate and original. I fell of my chair when he said 80k !
That must be a very special one, never seen one close to that figureOtherwise, I can't see any other Stag being valued for insurance purposes at more than 40k let alone 80k!
Silverstone Auctions had a 'supercar' sale yesterday. There were never going to be any relative 'bargains' because even most of the mundane stuff had very low mileages. Nevertheless, of the 86 lots, there are "buy it now" prices on the 36 of them that failed to reach reserve, including the black Mk2 Escort 1600 Sport mentioned in another thread:
https://www.silverstoneauctions.com/the-may-sale-2...
That's a sale rate of 58%, quite low. A few more may sell yet of course.
https://www.silverstoneauctions.com/the-may-sale-2...
That's a sale rate of 58%, quite low. A few more may sell yet of course.
sixor8 said:
Silverstone Auctions had a 'supercar' sale yesterday. There were never going to be any relative 'bargains' because even most of the mundane stuff had very low mileages. Nevertheless, of the 86 lots, there are "buy it now" prices on the 36 of them that failed to reach reserve, including the black Mk2 Escort 1600 Sport mentioned in another thread:
https://www.silverstoneauctions.com/the-may-sale-2...
That's a sale rate of 58%, quite low. A few more may sell yet of course.
Mmm, there’s some lovely stuff on there, some soldhttps://www.silverstoneauctions.com/the-may-sale-2...
That's a sale rate of 58%, quite low. A few more may sell yet of course.
I like that 1300 Sport but it’s a car I prefer in Mk1 format ( or a Mk1 GT ). Used to drive a nice one back in the 80s as a stopgap - lovely handling car and quite nippy for a 1300 back then
I sell this stuff for a living.
Two years covering lockdown was the busiest I have ever been in over 20 years, was quite incredible really.
Since last Sept/October it’s been flat, very few buyers around, really hard work.
Auction results are usually a pointer for the near future, I am expecting a very quiet year, if that translates into a drop in values this year I am not sure, as people are very reluctant to accept that their prizes “asset” isn’t worth what it was last year and will hold out until forced .
Two years covering lockdown was the busiest I have ever been in over 20 years, was quite incredible really.
Since last Sept/October it’s been flat, very few buyers around, really hard work.
Auction results are usually a pointer for the near future, I am expecting a very quiet year, if that translates into a drop in values this year I am not sure, as people are very reluctant to accept that their prizes “asset” isn’t worth what it was last year and will hold out until forced .
POORCARDEALER said:
I sell this stuff for a living.
Two years covering lockdown was the busiest I have ever been in over 20 years, was quite incredible really.
Since last Sept/October it’s been flat, very few buyers around, really hard work.
Auction results are usually a pointer for the near future, I am expecting a very quiet year, if that translates into a drop in values this year I am not sure, as people are very reluctant to accept that their prizes “asset” isn’t worth what it was last year and will hold out until forced .
Very interesting to hear from someone in the know. Thank youTwo years covering lockdown was the busiest I have ever been in over 20 years, was quite incredible really.
Since last Sept/October it’s been flat, very few buyers around, really hard work.
Auction results are usually a pointer for the near future, I am expecting a very quiet year, if that translates into a drop in values this year I am not sure, as people are very reluctant to accept that their prizes “asset” isn’t worth what it was last year and will hold out until forced .
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