How long till the ยฃ20k Evora?

How long till the ยฃ20k Evora?

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Discussion

giveitfish

Original Poster:

3,634 posts

183 months

Thursday 15th July
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TdM-GTV said:
Never understood why people have so much hate for the Evora looks, bit I also don't care! OP missed his old car at Goodwood as well by the looks of it!

Damn! I was there Saturday.

giveitfish

Original Poster:

3,634 posts

183 months

Thursday 15th July
quotequote all
Ryvita said:
I've been absent from this thread for a little while, but it's great to see that the OP is still checking in on this epically long thread. smile The Emira's release and press reaction means this is going to be a very interesting time for used Evora prices. As some may know I've been watching the bottom end of this market very closely over the last couple of years as I was hoping to acquire something like that mythical £20K Evora. Unfortunately, a house purchase has now postponed that hunt by... likely several years. frown

To that end I hereby hand off the torch if anyone else can pick up the market watching. https://drive.google.com/file/d/1STtV_oW9LTeHkBFU-... This is my record of Evora sales over the last 18 months. It forms a decent body of data that tracks the thinning of stock through lockdown and associated rise in prices. Note that I was only tracking manual NA cars and even this was a real effort to try and keep on top of. It would be great if this could be kept going by the community as things are going to get real interesting with the Emira effect.

(If you want to subject yourself to a long rant of my views on the Evora and Emira, I did a talky thing for my friend's Youtube channel, starting from 06:25 https://www.youtube.com/watch?v=JnqvDvGdIX4&t=...
Thanks for al your hard work. You’ll be much-missed on this thread, detailed market tracking is like gold-dust for buyers (if anyone is looking for an Elise 1.6 CR I have a similar spreadsheet covering last 2 years - in which half of the total uk population of them has changed hands, in some cases twice).

Shnozz

24,064 posts

240 months

Friday 16th July
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jerrytlr said:
Re impact of Emira on Evora values - not sure Evora owners have too much to worry about...
My own view is that any £50k cars are going to struggle big time. That said, there aren't masses of them so perhaps those who must rule out an Emira due to the requirement for the back seats might look at a similarly priced Evora. I would be nervous, however.

As for the earlier £30k cars, i can see these doing well off the back of the Emira. People who cannot afford an Emira but its significant headlines turning people to the marque who may have overlooked it historically. If build quality is good as Lotus now are promising, it may also lead people to believe the earlier cars aren't "Lots of Trouble Usually Serious" and reputationally alter opinion or at least bring some curious interest in the older cars that are within their budget. If Lotus become fashionable due to the new car, I can see a few people having an appeal for the "last" car that bears some resemblance to what is considered the car in vogue of the moment, only 30% - 50% of the price.

hyphen

22,297 posts

59 months

Friday 16th July
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yes I imagine many punters will go on the site or into a dealer and be told no Emiras available for ages, and then naturally browse the used approved cars and perhaps make a purchase.

saaby93

29,024 posts

147 months

Friday 16th July
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Shnozz said:
If build quality is good as Lotus now are promising, it may also lead people to believe the earlier cars aren't "Lots of Trouble Usually Serious" .
always felt that should be Loads of Trouble usually Sortable smile

Mr E

20,177 posts

228 months

Friday 16th July
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saaby93 said:
always felt that should be Loads of Trouble usually Sortable smile
I have an early EV, a complex German barge and a k series powered lotus.

Only one of them doesn’t keep me awake at night.

Moospeed

452 posts

234 months

Friday 16th July
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s2kjock said:
I never told my parents I had bought mine, and when I rocked up outside their house to surprise them my Dad asked my why I had invested in a kit car........
My mate took his brand new Cerbera around to show his Dad, who dismissed it as "bloody Japanese rubbish".

AlexNJ89

605 posts

48 months

Friday 16th July
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jerrytlr said:
Evora Sport 410 onwards - these cars have a very high spec with lots of carbon panels, some have carbon seats, forged wheels, Li battery etc., which even the £85k Emira won't have. I suspect the equivalent Emira will be £100k+, if/when it is launched. So again, Evora 410 offers good value by comparison. And I think these Evoras will hold their own again the Emira as a driver's car - if only because the equivalent Emira will be 150Kg heavier.
I disagree with this one, I think the 410s are in trouble as a few extra bits of carbon isn't going to come close to what the Emira can offer.

The Emira will either be the same price or potentially 10% - 15% more than the used 410s and people will be willing to stretch or save up for a bit longer.

giveitfish

Original Poster:

3,634 posts

183 months

Friday 16th July
quotequote all
I’d not looked on Autotrader for a while - so the entry point for a S1 Sports Racer is now over £40k?!? Or nearly £50k if you want it supercharged.

Be interesting if any sell at these prices.

AlexNJ89

605 posts

48 months

Friday 16th July
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giveitfish said:
I’d not looked on Autotrader for a while - so the entry point for a S1 Sports Racer is now over £40k?!? Or nearly £50k if you want it supercharged.

Be interesting if any sell at these prices.
They are selling, the brand new zero miles cars are struggling, but any good spec 400 is snapped up in a day.

This isn't unique to the Evora, it's the same across the board.

giveitfish

Original Poster:

3,634 posts

183 months

Friday 16th July
quotequote all
Don’t let me test drive any of them, I seem to be the kiss of death to sales.

JCT600 STILL have the 2018 Evora 410 I drove when new, before I bought my SR. That’s 3 years on the forecourt. They’ve also yet to sell the Exige 410 they let me drive in March.

TdM-GTV

163 posts

186 months

Friday 16th July
quotequote all
giveitfish said:
TdM-GTV said:
Never understood why people have so much hate for the Evora looks, bit I also don't care! OP missed his old car at Goodwood as well by the looks of it!

Damn! I was there Saturday.
I was only there Thursday unfortunately. Perhaps one day our paths will cross!

celica88

1,133 posts

161 months

Monday 19th July
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TdM-GTV said:
Never understood why people have so much hate for the Evora looks, bit I also don't care! OP missed his old car at Goodwood as well by the looks of it!

Is that a retro black pack added, paint or vinyl?

giveitfish

Original Poster:

3,634 posts

183 months

Monday 19th July
quotequote all
It's a Sports Racer, so factory painted black-pack from new.

DWDarkWheels

485 posts

92 months

Wednesday 21st July
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Mr E said:
I have an early EV, a complex German barge and a k series powered lotus.

Only one of them doesn’t keep me awake at night.
I had to login simply to applaud that clap

vanman1936

477 posts

188 months

Thursday 22nd July
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Interesting comments on the Emira, I have a deposit down but am still considering an early Evora for driving now as less price pressure when selling time comes in 12m.

Thoughts on this one, looks well priced. Not quite FSH but gaps limited due to low mileage.

I just found a great car on Auto Trader:
https://www.autotrader.co.uk/car-details/202107215...


jerrytlr

357 posts

182 months

Thursday 22nd July
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AlexNJ89 said:
jerrytlr said:
Evora Sport 410 onwards - these cars have a very high spec with lots of carbon panels, some have carbon seats, forged wheels, Li battery etc., which even the £85k Emira won't have. I suspect the equivalent Emira will be £100k+, if/when it is launched. So again, Evora 410 offers good value by comparison. And I think these Evoras will hold their own again the Emira as a driver's car - if only because the equivalent Emira will be 150Kg heavier.
I disagree with this one, I think the 410s are in trouble as a few extra bits of carbon isn't going to come close to what the Emira can offer.

The Emira will either be the same price or potentially 10% - 15% more than the used 410s and people will be willing to stretch or save up for a bit longer.
We are all speculating :-) But it makes for a good conversation.

Some people will value the lighter weight, the carbon tailgate/roof/seats, etc. more than a better interior, which is really the only substantial thing Emira offers over the later Evoras. And some people won't. I am in the former camp, and as long as there are enough of us (doesn't need to be too many), then residuals of the 410 cars currently at 60-70k should hold up OK.


Toaster

2,909 posts

162 months

Friday 23rd July
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Having owned an Evora, I would say they are a lot of car for the money, when you look at the Esprit low milage ones range from £55K to £25K so why would Evora's bomb to bargain basement levels? they are desirable very practical cars. I do agree that the higher price of the new cars will drop but unless a car is high milage or been abused I think the pricing will remain pretty solid.

AlexNJ89

605 posts

48 months

Friday 23rd July
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https://www.autotrader.co.uk/car-details/202107225...

This has to take the prize for the most insanely priced Evora on the market. Around £25,000 overpriced.

BertBert

15,420 posts

180 months

Friday 23rd July
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ah the great debate! I am the proud owner of the ex-jerrytlr evora 410 sport. So if values do plummet, I'll have a big gap to fill when I turn my Emira deposit into an order. And yes, the great debate in what ways will the Emira be better than the Evora? Nice touch screen (I'm not any kind of fan of touch screens being a bit of a luddite). I like sparse interiors and the buckets rather than plushness. It looks fab of course, but maybe I'm not cut out to be an Emira owner.