RE: Lotus Evora Sport 410: Review

RE: Lotus Evora Sport 410: Review

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Discussion

Tuna

19,930 posts

285 months

Wednesday 2nd November 2016
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Guvernator said:
Fair enough, I think it's at least £10k overpriced for what Lotus current brand image, PR presence and dealership network can support but that's just my opinion. smile
It depends a lot on how much store you put on brand. Bahar was a firm believer, and if the reviews are to be believed, Porsche are banking on it with the current models. If you look at Aston Martin, you could argue it shows you can overcome a lot with a brand image and PR presence smile Getting into Veblen goods territory there.

Has there ever been a thread where someone doesn't say that 'car X is overpriced by..'? When the first Evora came out at 45K, the threads all started with "It should be 10K less..".

It doesn't help that Porsche muddy the waters with their options list of doom trick. A well specc'd porker is 10-20K more than the headline 'base' price. Should Lotus be playing that trick rather than having a very limited set of flavours?

(BTW - none of this is being touchy, just interested in different viewpoints. I know that I'm a very atypical customer when it comes to most goods. Function over all else for me.)



gregs656

10,931 posts

182 months

Wednesday 2nd November 2016
quotequote all
Guvernator said:
Fair enough, I think it's at least £10k overpriced for what Lotus current brand image, PR presence and dealership network can support but that's just my opinion. smile
Even if it is accepted that you're right - I think it is a reasonable strategy and preferable to the alternative.

At the moment they are building their brand by delivering low volumes of increasingly well received cars with a better understanding of what the market values and progressively working their way up the pricing scale to a point where they can afford to expand.

The alternative - without a huge injection of cash - is keep the prices down while investing in marketing and a dealership network which will better facilitate a large scale roll out of more expensive models. The problem with is that when you do finally launch that model, stick it into all your dealers and plaster it all over the press - no one buys it because Lotus is perceived as pitching above it's station, it's too expensive and doesn't deliver on enough fronts.

Guvernator

13,176 posts

166 months

Wednesday 2nd November 2016
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Yes I'd start using the Porsche options list trick as a poster above suggested, in fact Porsche where in a similar position to Lotus a few decades ago, almost going out of business and now they the most successful car manufacturers in the world so it might be an idea to start copying their strategy while still trying to retain the bits that make Lotus unique.

No point in re-inventing the wheel so if that means big options lists, investing more in PR (Bahar at least got this bit right) or shock horror building an SUV so be it. That might make the traditional beardy Lotus fans cry but so long as it means it keeps the cash-flow going so that they can keep building brilliant paired down sportscars then I'm all for it.

Herbs

4,916 posts

230 months

Wednesday 2nd November 2016
quotequote all
gregs656 said:
Guvernator said:
Fair enough, I think it's at least £10k overpriced for what Lotus current brand image, PR presence and dealership network can support but that's just my opinion. smile
Even if it is accepted that you're right - I think it is a reasonable strategy and preferable to the alternative.

At the moment they are building their brand by delivering low volumes of increasingly well received cars with a better understanding of what the market values and progressively working their way up the pricing scale to a point where they can afford to expand.

The alternative - without a huge injection of cash - is keep the prices down while investing in marketing and a dealership network which will better facilitate a large scale roll out of more expensive models. The problem with is that when you do finally launch that model, stick it into all your dealers and plaster it all over the press - no one buys it because Lotus is perceived as pitching above it's station, it's too expensive and doesn't deliver on enough fronts.
Pricing is an odd one that sums up the whole market being over inflated in the middle, consider

Alfa 4C From £51,500
F Type From £50,000 with the R starting at £86,000
Audi R8 From £117,000
BMW M4 From £56,650
Porsche 911 Turbo From £145,000


Now consider that is base starting prices - a top of the range, rare sports car with supercar looks and minimal option list to be added for £80k looks stonking good value.

As others have said, its the marketing that lets them down.

Slb89

75 posts

140 months

Wednesday 2nd November 2016
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LOL, everyone seems to think 911's have been without their faults?! what about the 911's that set on fire and had to be recalled?! i'll take a parking sensor that fails any day over that.

any way, another Porsche sheep or something rare that people are going to come up to you and chat about, who doesn't know what a 911 is like these days... yes ticks all boxes fast reliable blah blah,

any way, LOTUS keep doing more of this, definitely a step forward rather than backwards, which is all we can ask.

blueg33

36,144 posts

225 months

Wednesday 2nd November 2016
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shibby! said:
RacerMike said:
The reason is that Porsche offer incredibly competitive finance, great customer service, a premium brand name that people want, perceived reliability, strong residuals and a great image. Oh, and they're also pretty quick and handle quite well. Basically, people buying in this market care very much for the former, and very little for the latter
Lotus are offering 50:50 0% finance deals and their APR rate are lower than Porsche smile. 3 year warranties, and i thought the residuals were pretty much the best of any car manufacturer (outside of the Porsche GT models).


Edited by shibby! on Wednesday 2nd November 11:50
What they don't offer is decent PCP rates that allow people who can't afford the car to have one. The 50/50 deal still means finding £35k upfront, Porsche PCP makes their cars more accessible as do some of the lease deals.


Edited by blueg33 on Wednesday 2nd November 13:01

Guvernator

13,176 posts

166 months

Wednesday 2nd November 2016
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Porsche\Ferrari Lamborghini actually charge a premium for making their cars lighter and more focused, Lotus seem to be going the other way, asking you to pay more for a car which is heavier and has more toys. Now I'm not sure which approach is right but the former seems to make more money. If Lotus where able to charge for making cars lighter and more focused I reckon they could clean up. wink

LambShank

14,712 posts

190 months

Wednesday 2nd November 2016
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Exige and Elise Cup cars are more expensive than non Cup cars.

kambites

67,653 posts

222 months

Wednesday 2nd November 2016
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LambShank said:
Exige and Elise Cup cars are more expensive than non Cup cars.
Possibly not as much more expensive as you'd pay to fit those damgers on the standard car, though?

Is the cup actually lighter than the standard car anyway?

Edited by kambites on Wednesday 2nd November 13:34

RobM77

35,349 posts

235 months

Wednesday 2nd November 2016
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Herbs said:
As others have said, its the marketing that lets them down.
It must be a frustrating thing to try and advertise a Lotus, because it seems to me that everyone in the car market says things about their cars which blatantly aren't true: "get's your pulse racing", "communicates directly to the driver", "great fun to drive", "sporty", "agile" etc - all these terms are used by marketing teams to describe everything from Vauxhall Corsas to Porsche Boxsters. In reality, although many of those cars are very good, those phrases aren't really true for most cars, they're just marketing speak. Lotus do actually provide those things, possibly uniquely in the sectors they're in, but how do you convince people that you're the one telling the truth when everyone else is massively exaggerating?

LambShank

14,712 posts

190 months

Wednesday 2nd November 2016
quotequote all
kambites said:
LambShank said:
Exige and Elise Cup cars are more expensive than non Cup cars.
Possibly not as much more expensive as you'd pay to fit those damgers on the standard car, though?

Is the cup actually lighter than the standard car anyway?

Edited by kambites on Wednesday 2nd November 13:34
Basic price, Cup is £6k more
Both 1125kg

GT4 wasn't much more expensive than a Cayman GTS, was it any lighter?



Edited by LambShank on Wednesday 2nd November 13:58

SrMoreno

546 posts

147 months

Wednesday 2nd November 2016
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LambShank said:
GT4 wasn't much more expensive than a Cayman GTS
Edited by LambShank on Wednesday 2nd November 13:58
More expensive to who? The Porsche dealer's mates who were the only ones allowed to buy new, or the second buyers who got reamed when the cars were flipped after 100 miles?

Edited by SrMoreno on Wednesday 2nd November 15:23

Alan_I_W

471 posts

91 months

Wednesday 2nd November 2016
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Mrcarsportscarcam said:
Having worked for a Lotus dealership in the past in after sales i can tell you the cars being produced are brilliantly put together and well thought but i always thought this was a very big leap for Lotus and is a hope for the best built car.

Disappointingly the same faults found on the Evora's cheaper sisters, the Exige S and Elise S share the same electrical counter parts which either fail under warranty or out of warranty and often! One story i remember hearing from their head field technician where a 2015 Exige S with parking sensors failed to leave the production line after having been replaced three times with a parking sensor control unit (made by cobra alarms) which for me brings some big questions on reliability for an £82K car. Its competitors priced about the same, arguably have a much better platform and reliability in terms of supplied electrical parts.

That being said Lotus are going in the right direction and give or take 10 years i i think we will see a successful reliable British own made sports car brand.


Edited by Mrcarsportscarcam on Tuesday 1st November 14:59
Thought Lotus was Malaysian? Owned by Proton

WCZ

10,554 posts

195 months

Wednesday 2nd November 2016
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blueg33 said:
Well paid, moderately successful, nice house, nice wife, Audi or Merc as a daily, conscious of brand and badges.
haha

kambites

67,653 posts

222 months

Wednesday 2nd November 2016
quotequote all
Alan_I_W said:
Thought Lotus was Malaysian? Owned by Proton
Depends whether you think a product's nationality is defined by where it's designed/built or where it's funded from.

Ultimately they're owned by DBR-HICOM.

blueg33

36,144 posts

225 months

Wednesday 2nd November 2016
quotequote all
WCZ said:
blueg33 said:
Well paid, moderately successful, nice house, nice wife, Audi or Merc as a daily, conscious of brand and badges.
haha
smile



SidewaysSi

10,742 posts

235 months

Wednesday 2nd November 2016
quotequote all
New non GT Porsches are pretty dull. Great for the man trading up from an Audi though.

Olivera

7,209 posts

240 months

Wednesday 2nd November 2016
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cypriot said:
An interesting fact I read in one of the other reviews of the 410 is that one would have to get a Porsche Turbo to get a faster Porsche than the 410. this puts its value proposition into perspective i think.
With the introduction of the turbo Carrera models, I'd put my money on the Sport 410 being no faster than the base 911 (non-S) model.

Ozzie Osmond

21,189 posts

247 months

Wednesday 2nd November 2016
quotequote all
SidewaysSi said:
New non GT Porsches are pretty dull. Great for the man trading up from an Audi though.
Since you've decide to stir the "dull" pot, and given that Evora sales have been pitiful throughout the last 10 years, are we to believe the car is so "interesting" that nobody will buy it?

kambites

67,653 posts

222 months

Wednesday 2nd November 2016
quotequote all
Ozzie Osmond said:
SidewaysSi said:
New non GT Porsches are pretty dull. Great for the man trading up from an Audi though.
Since you've decide to stir the "dull" pot, and given that Evora sales have been pitiful throughout the last 10 years, are we to believe the car is so "interesting" that nobody will buy it?
You only have to look at the state of the whole car market to know that "interesting" doesn't generally sell cars in significant numbers. There have been a few notable exceptions, but by and large people buy cars which do nothing badly rather than those that do anything particularly well.