How long till the £20k Evora?

[TdM-GTV]

Orange one looks nice, clutch done is always key. Probably would have had a look myself if that was around a few months ago. Scottish cars for some reason usually seem a little cheaper...

[paul n]

Ryvita said:

Update from the weekend

- Sales:
- No surprise (after it was feaured on the homepage) the £19,999 car appears to have sold in less than a week.

- New ads:
- £25,495, SN59???, Burnt Orange with Black 2+2 private sale, launch edition, Lotus Stage 1 Exhaust, Clutch done, 72K miles
- £28,495, LK59KRJ, Black with red leather 2+2 garage sale, launch edition with forged wheels, clutch done, 43.5k miles

I thought the red one at stones dealer was a better bargin at £23k with the clutch done and less miles than the grey 20k one!? Amazed that is still there? the burnt orange one is nice but i think a little steep on price as a private sale? The black 2012 one in cheltenham seems the best bargin at £26500 with only 32k on the clock, amazed that has not gone yet! think they look amazing in black also!

[saaby93]

The burnt orange one looks the business no wonder it's £25k

Edited by saaby93 on Tuesday 18th August 00:33

[blueg33]

saaby93 said:

The burnt orange one looks the business no wonder it's £25k

Edited by saaby93 on Tuesday 18th August 00:33

Great colour.

[hyphen]

saaby93 said:

The burnt orange one looks the business no wonder it's £25k

Edited by saaby93 on Tuesday 18th August 00:33

Only appears to be listed ph that one, and not autotrader as well. Which seems an odd decision.

[blueg33]

hyphen said:

saaby93 said:

The burnt orange one looks the business no wonder it's £25k

Edited by saaby93 on Tuesday 18th August 00:33

Only appears to be listed ph that one, and not autotrader as well. Which seems an odd decision.

I have sold two Evoras both by listing on ph only, both sold in a couple of weeks.

[Shnozz]

I think I’ve sold every car I’ve owned in the last 15 years using Pistonheads only.

[fastraxx]

hyphen said:

Only appears to be listed ph that one, and not autotrader as well. Which seems an odd decision.

What is odd about it?

[Ryvita]

paul n said:

I thought the red one at stones dealer was a better bargin at £23k with the clutch done and less miles than the grey 20k one!? Amazed that is still there? the burnt orange one is nice but i think a little steep on price as a private sale? The black 2012 one in cheltenham seems the best bargin at £26500 with only 32k on the clock, amazed that has not gone yet! think they look amazing in black also!

This car (AU10BHN) was advertised by a private seller in February this year for £21,000. It was seeming bought by Stones, polished and flipped. First advertised in late May, it went up for £26,492 which I highlighted at the time as being somewhat cheeky. The price has been steadily dropping - £25,492 in mid June, £24,495 in late June, then to the current price of £23,000 in early August.

The car has now been on sale at Stones for over 80 days. I am averse to the idea of people flipping these rare cars - there is a discussion above about the 33K dealership car which was previously on private sale at 27.5k - but I appreciate that dealers need to make margin and cover warranty costs so with the Stones car now down to 2k more than the private sale it does look more appealing. They will not be making money on it at this point.

[Ryvita]

Re. the discussion of market places. I now track Pistonheads, Autotrader, Ebay, Gumtree, LotusForSale and Facebook, but I only brought some of those in later in my data gathering. I have decent stats for PH and AT. This covers only manual, NA Evoras.

Pistonheads (6 months data)
Total adverts seen: 20
Average advert uptime (implied time to sale): 37 days
Longest: 99 days
Shortest: 3 days
Average price: £26,557
Highest: £33,000
Lowest: £19,999

Autotrader (6 months data)
Total adverts seen: 18
Average advert uptime (implied time to sale): 52 days
Longest: 174 days
Shortest: 3 days
Average price: £26,833
Highest: £30,995
Lowest: £21,000

[paul n]

Ryvita said:

This car (AU10BHN) was advertised by a private seller in February this year for £21,000. It was seeming bought by Stones, polished and flipped. First advertised in late May, it went up for £26,492 which I highlighted at the time as being somewhat cheeky. The price has been steadily dropping - £25,492 in mid June, £24,495 in late June, then to the current price of £23,000 in early August.

The car has now been on sale at Stones for over 80 days. I am averse to the idea of people flipping these rare cars - there is a discussion above about the 33K dealership car which was previously on private sale at 27.5k - but I appreciate that dealers need to make margin and cover warranty costs so with the Stones car now down to 2k more than the private sale it does look more appealing. They will not be making money on it at this point.

Looks like things have changed quickly this morning as the red one seems to be gone now and the grey one at £20k is available again, maybe the buyer for the grey one went for the red one instead (just guessing) The orange one is lovely but wow your going to get alot of attention in it! maybe too much!

[edp190]

The orange car is mine. Thanks for the kind words.

Its now had a stay of reprieve which I am delighted about.

These Evoras really do get under your skin, fantastic cars and I have spent a small fortune getting it right.

For those on the hunt, dont delay, you will not regret it!!

cheers Ed

[fastraxx]

Ryvita said:

Re. the discussion of market places. I now track Pistonheads, Autotrader, Ebay, Gumtree, LotusForSale and Facebook, but I only brought some of those in later in my data gathering. I have decent stats for PH and AT. This covers only manual, NA Evoras.

Pistonheads (6 months data)
Total adverts seen: 20
Average advert uptime (implied time to sale): 37 days
Longest: 99 days
Shortest: 3 days
Average price: £26,557
Highest: £33,000
Lowest: £19,999

Autotrader (6 months data)
Total adverts seen: 18
Average advert uptime (implied time to sale): 52 days
Longest: 174 days
Shortest: 3 days
Average price: £26,833
Highest: £30,995
Lowest: £21,000

It would be more interesting to know the final cash sale price, but that would be extremely hard to know. A friend got 3k off the price being asked for a few years ago which put it a good chunk under the below 'average price'.

[Ryvita]

fastraxx said:

It would be more interesting to know the final cash sale price, but that would be extremely hard to know. A friend got 3k off the price being asked for a few years ago which put it a good chunk under the below 'average price'.

You're absolutely right, the advertised price and the sale price may well be very different, but short of buyers and sellers sharing that info in a thread like this there is no way to collect that data. If only it was like house prices and there was a central register of these things... That said, I don't know if better information would help sellers and raise prices, or help buyers and lower prices.

Overall Lotus suffers pretty slow depreciation and the early Evoras look to be bottoming out around 21-26k as witnessed by the long search for a sub-20k sale. At this point they have three options:

They could continue to fall. I think this is unlikely given the relative value versus the more common elises, and what they offer versus competition like the 996 or cayman. I will go on record as saying I think the Evora is never going to be a sub-15k car.

They can float at these prices for the next several years, with increasing mileages and age being balanced by low supply and low demand. I think this is likely. You will start to see more price variance, with cheap high milers, and pricey minters, but the average car in average condition will likely remain in the low to mid 20's.

Or... prices turn and start to rise. S2 Exiges seem to have done this, with prices for a supercharged S2 now above 30k. The Evora *could* do this, but I think it's unlikely. They are niche, all the collectors who might drive up prices are busy chasing things from Stuttgart / Ingolstat and there is always the more expensive S's and 4XXs for people with more money.

That's my view, until such time as an external factor (Classic car bubble popping, regulatory change outlawing, etc.) makes a big move, NA Evora values will stay relatively static.

[fastraxx]

Ryvita said:

You're absolutely right, the advertised price and the sale price may well be very different, but short of buyers and sellers sharing that info in a thread like this there is no way to collect that data. If only it was like house prices and there was a central register of these things... That said, I don't know if better information would help sellers and raise prices, or help buyers and lower prices.

Overall Lotus suffers pretty slow depreciation and the early Evoras look to be bottoming out around 21-26k as witnessed by the long search for a sub-20k sale. At this point they have three options:

They could continue to fall. I think this is unlikely given the relative value versus the more common elises, and what they offer versus competition like the 996 or cayman. I will go on record as saying I think the Evora is never going to be a sub-15k car.

They can float at these prices for the next several years, with increasing mileages and age being balanced by low supply and low demand. I think this is likely. You will start to see more price variance, with cheap high milers, and pricey minters, but the average car in average condition will likely remain in the low to mid 20's.

Or... prices turn and start to rise. S2 Exiges seem to have done this, with prices for a supercharged S2 now above 30k. The Evora *could* do this, but I think it's unlikely. They are niche, all the collectors who might drive up prices are buys chasing things from Stuttgart / Ingolstat and there is always the more expensive S's and 4XXs for people with more money.

That's my view, until such time as an external factor (Classic car bubble popping, regulatory change outlawing, etc.) makes a big move, NA Evora values will stay relatively static.

Agreed. Just to add another data point: I know of 3 sellers who have traded theirs in for 21-23k in the last few years for other cars.

[paul n]

edp190 said:

The orange car is mine. Thanks for the kind words.

Its now had a stay of reprieve which I am delighted about.

These Evoras really do get under your skin, fantastic cars and I have spent a small fortune getting it right.

For those on the hunt, dont delay, you will not regret it!!

cheers Ed

Just out of interest why did you pull it from sale? Just couldn't do it? it is a lovely colour! i reckon a black roof would finish it off perfectly like the white ones with black roofs just look awesome!

[edp190]

Pulled the advert for a number of reasons tbh. Couldnt face letting her go, the wife was concerned about test drives during Covid and I have managed to get a good price for insurance through admiral multicar.

I think I prefer OEM rather than the Sportsracer look.

I chose not to list on Autotrader due to never having an success on it. I have sold a number of cars on here to enthusiast owners who dont text low ball offers or ask me my best price without actually seeing the car.

Re attention - its only ever been positive thankfully but it isnt my daily and I sadly dont get to use it very often.

cheers Ed

[saaby93]

paul n said:

it is a lovely colour! i reckon a black roof would finish it off perfectly like the white ones with black roofs just look awesome!

Surely on this one the Orange roof looks better
Same for the pieces under the doors that sometimes have black overlay stone chip preventer?
Anyone good at photochop?

[arronlaw]

Ryvita said:

paul n said:

I thought the red one at stones dealer was a better bargin at £23k with the clutch done and less miles than the grey 20k one!? Amazed that is still there? the burnt orange one is nice but i think a little steep on price as a private sale? The black 2012 one in cheltenham seems the best bargin at £26500 with only 32k on the clock, amazed that has not gone yet! think they look amazing in black also!

This car (AU10BHN) was advertised by a private seller in February this year for £21,000. It was seeming bought by Stones, polished and flipped. First advertised in late May, it went up for £26,492 which I highlighted at the time as being somewhat cheeky. The price has been steadily dropping - £25,492 in mid June, £24,495 in late June, then to the current price of £23,000 in early August.

The car has now been on sale at Stones for over 80 days. I am averse to the idea of people flipping these rare cars - there is a discussion above about the 33K dealership car which was previously on private sale at 27.5k - but I appreciate that dealers need to make margin and cover warranty costs so with the Stones car now down to 2k more than the private sale it does look more appealing. They will not be making money on it at this point.

I notice this car is also listed as having a Full Service History in the current advert but when a previous poster on another thread viewed the car in 2017, they noted that 'a couple of services had been missed' amongst a few other points. Perhaps just something for any potential buyers to be aware of and double check.

[BertBert]

Ryvita said:

I am averse to the idea of people flipping these rare cars.

Coming back to this, I don't really understand. That's the essence of capitalism and trading since time began. Buy something, then sell it at a higher price (or barter for goods of a higher value). All car dealers buy stock and sell it for a higher price. That's quite useful for people who want to sell to or buy from dealers!
Bert