RE: Hexagon Classics: PH Meets

[ptr997]

As noted above.... what Hexagon do is so different to many other dealers. There stock really is very special & just because they might have a Porsche 911 or BMW 'M' Car up at special money, everyone else who owns a similar model thinks that their car is then worth the same...trust me it's not. Having seen Hexagon's cars & preparation process 1st hand, I know where my money would go in a heartbeat. Then you move onto the high end classics, they are out of this world.
Where Hexagon tread, many others have tried to follow....with no luck. Paul Michaels has a very unique business model & good luck to them.

[Cheib]

Iceicebsby1980 said:

stevesingo said:

Hexagon has made a self licking lollipop of the market.

1, Buy good examples of a specific model, let's say E46 CSL when they were £25k.

2, Advertise one for £40k bigging up the "investment" potential.

3, Take interest from parties.

4, Take £30-35k for said example

5, Place SOLD (Maybe with the £40k price next to it) against the online advert.

6, Put the next example on for £50k.

7 Rinse and repeat until the market for that model is so overinflated, that no-one who wants a car to use can buy on the open market.

8, Move on to the next car with "investment potential".

I agree with the above . I've seen quite a few traders jumping on the band wagon recently. Seen a Astra gte up for 30k . Golf tdi anniversary for 20k and a restored Renault 5 gt turbo for 30k . There 5k cars in my mind don't know if nostalgia is playing a part in prices but you would have to be stupid to buy them at that money. The market seems to be getting to the point . Where the normal man with a modest job is getting priced out . I've seen it on the forums were a car comes up for sale and people start telling the seller it's under priced . Only for the said car to sit there for months and not sell .

Nobody forces anyone to buy a car from Hexagon or any other dealer asking top money for cars....they can only ultimately push the market higher if people buy cars from them. Obviously that's been a bit of a one way trend since 2010 although the market for some cars has definitely cooled.

[chibbard]

Interesting, I done my apprenticeship at Hexagon BMW approx 30 years ago now and Paul M was obviously the boss. It was an interesting place to work and I have many stories to tell, both good and bad. To be fair he really does know his classics and had some outstanding vehicles in his possession.

[sparta6]

Iceicebsby1980 said:

Had a look on there website 30k for a 08 m3 saloon with 24k miles. Bargain prob 10-15k over book price.

To be fair they are not my favourite, but it looks almost mint. How many about in same condition / miles ?