This should mess up voiceys spreadsheet.

This should mess up voiceys spreadsheet.

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Discussion

TISPKJ

Original Poster:

3,648 posts

206 months

Tuesday 17th December 2013
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GRBF430F1

4,843 posts

169 months

Tuesday 17th December 2013
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drrrrrreammmmmmmm dream dream dream dreammmmmmmm

voicey

2,453 posts

186 months

Tuesday 17th December 2013
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Hopefully it'll be for sale on the 1st Jan and I'll get it in the data! I missed out last month - a 75 mile, one owner 2005 can up for sale with Graypaul mid month but was sold before I collected the next lot data. The price? £84.5k!!!

TISPKJ

Original Poster:

3,648 posts

206 months

Tuesday 17th December 2013
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Hi mate, yes I saw that in your blog...
Still not worked out exactly how the model works but seems to be in my favour so will keep quite :-)

Mike Brown

585 posts

186 months

Tuesday 17th December 2013
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I am not surprised the 360 is the last of the the breed of relativly pure ferrari what would they ask for this in red and cream...?

Mike Brown

585 posts

186 months

Tuesday 17th December 2013
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I am not surprised the 360 is the last of the the breed of relativly pure ferrari what would they ask for this in red and cream...?

mike01606

531 posts

148 months

Tuesday 17th December 2013
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Mike Brown said:
?..... what would they ask for this in red and cream...?
About 55k tops!


purpleperil

1,212 posts

283 months

Wednesday 18th December 2013
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voicey said:
Hopefully it'll be for sale on the 1st Jan and I'll get it in the data! I missed out last month - a 75 mile, one owner 2005 can up for sale with Graypaul mid month but was sold before I collected the next lot data. The price? £84.5k!!!
I saw that car on Monday - it had been sold along with a 355GTS with less than 2k miles on the clock for around the same price as the 360. Appears they've gone from one collector to another.

sone

4,585 posts

237 months

Wednesday 18th December 2013
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So what's the silver car worth then? I reckon low miles manual in an unpopular colour 45 if its serviced fully.

TISPKJ

Original Poster:

3,648 posts

206 months

Wednesday 18th December 2013
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No, bit better than that, as above 55k tops is about right.

voicey

2,453 posts

186 months

Wednesday 18th December 2013
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purpleperil said:
I saw that car on Monday - it had been sold along with a 355GTS with less than 2k miles on the clock for around the same price as the 360. Appears they've gone from one collector to another.
Thanks for the update and for confirming that it was indeed sold.

TISPKJ

Original Poster:

3,648 posts

206 months

GRBF430F1

4,843 posts

169 months

Wednesday 18th December 2013
quotequote all
TISPKJ said:
Chancers. They know they are going to be stocking them over winter and if anyone was vaguely interested they would want a deal / massive over allowance.
Both cars £10k over priced IMHO but that's good value compared to CS.

I might think of a figure and add a zero when I come to sell my car

TISPKJ

Original Poster:

3,648 posts

206 months

Wednesday 18th December 2013
quotequote all
2nd car looks like could be part of the same collection as the 360

voicey

2,453 posts

186 months

Wednesday 18th December 2013
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TISPKJ said:
The 389 mile one up for £110k has been in my data for the last two months now. I'm going to try and build in a tracker to keep an eye on how long cars have been advertised for. I think that the correctly, ie: cheaper, priced cars are selling and leaving the optimistically priced cars on the market, hence the firming of prices last month.

TISPKJ

Original Poster:

3,648 posts

206 months

Wednesday 18th December 2013
quotequote all
If the idea is to build a real world valuation model would it not be better to take out the anomalies at each end ?
Or does the model not use averages (sorry charts not my area) ?

Fatsterjack

181 posts

176 months

Thursday 19th December 2013
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TISPKJ said:
2nd car looks like could be part of the same collection as the 360
I think this is correct - both owned by the owner of Frosts garage group in Sussex given the number plates??

Jonty355

4,423 posts

212 months

Thursday 19th December 2013
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355's should be about 100k then if 360's are going for £70k.

TISPKJ

Original Poster:

3,648 posts

206 months

Thursday 19th December 2013
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Will ne interesting to see if they go the same way as the 993 / 996 mkt

voicey

2,453 posts

186 months

Thursday 19th December 2013
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TISPKJ said:
If the idea is to build a real world valuation model would it not be better to take out the anomalies at each end ?
Or does the model not use averages (sorry charts not my area) ?
I'm not trying to build a real world valuation model, I do enough of that at work thanks! It's just a bit of fun to keep track of prices and see what the market is doing. The biggest issue is that the data is comprised of asking prices which are different to sale prices, although both should be well correlated.

The index is simply an average although I will consider changing the calculation to remove the outliers.

The mileage vs asking price formula is just a best fit line over the data and just provides a guide as to the link between these two factors.

Don't forget that the data cannot take into account condition which is the most important thing people should consider when buying/selling.

I could create a "prime" sub-index, based on asking prices from specific dealers, which could attempt to isolate cars you'd actually want to own. I'd need a list of dealers to include - any suggestions?