Anyone have an outlook for old Sports Series range?

Anyone have an outlook for old Sports Series range?

Author
Discussion

Streetbeat

899 posts

77 months

Sunday 13th November 2022
quotequote all
Yep, those were the ones 😀

dng992

Original Poster:

116 posts

26 months

Tuesday 15th November 2022
quotequote all
RSbandit said:
The first 570S on the list was mine which I sold this week…a bit less than what I wanted and definitely under my ask but we are talking a few K’s here so no biggie. It had FSH and balance of MCL warranty without which it seems it would have been v hard to move on . I had quite alot of interest in the car but defo no interest at the ask for what it’s worth. I’ve been following the 600LT mkt closer and the white Apex car at £142k and the black one at £137k both started £10-12k higher 2-3 months ago so. There are quite a few 720S Coupes and 600LT Spiders hanging around the 150-155k level now but not shifting. I think really well specced cars at sensible prices are moving but a lot of the main dealer prices are pure fantasy out of the gate. Unless they get lucky with the right buyer at the exact right time whos after a particular colour regardless of overall spec alot of stock is hanging around.
interesting to hear that. so the final sale ended up being lower then that listed priced of £79k?

how did you find the buyers in the market, was it a lot of lowball bids ? not serious people or?

RSbandit

2,612 posts

133 months

Tuesday 15th November 2022
quotequote all
Was advertised at £78k but didn’t get anyone prepared to pay that, I found the semi serious /serious people phoned me up whereas the complete time wasters emailed typically looking to swap for other cars that I had no interest in even if I had been up to swap ( a Bentayga for example). I had some good chats with potential buyers but then no follow up…I was also working against the clock a little as I wanted to sell the car before the warranty transfer deadline which is 3 months before warranty ends. It wasn’t a bad experience tho as I had some reservations about selling a car of that value privately but I managed to find a honest buyer. Even tho I got a bit less than I was hoping it was still way better than what WBAC (62k!!) or a trade in from a main dealer would have offered.

Davyt

621 posts

19 months

Tuesday 15th November 2022
quotequote all
RSbandit said:
Was advertised at £78k but didn’t get anyone prepared to pay that, I found the semi serious /serious people phoned me up whereas the complete time wasters emailed typically looking to swap for other cars that I had no interest in even if I had been up to swap ( a Bentayga for example). I had some good chats with potential buyers but then no follow up…I was also working against the clock a little as I wanted to sell the car before the warranty transfer deadline which is 3 months before warranty ends. It wasn’t a bad experience tho as I had some reservations about selling a car of that value privately but I managed to find a honest buyer. Even tho I got a bit less than I was hoping it was still way better than what WBAC (62k!!) or a trade in from a main dealer would have offered.
Thank for sharing this with us prospective buyers, always good to know what cars are really going for, I’m a bit shocked at the markup dealers are asking in this price bracket tbh, must be looking at a £20K profit !

TBCReece

1,495 posts

90 months

Tuesday 15th November 2022
quotequote all
Davyt said:
Thank for sharing this with us prospective buyers, always good to know what cars are really going for, I’m a bit shocked at the markup dealers are asking in this price bracket tbh, must be looking at a £20K profit !
If WBAC are offering £62k, then dealers must be looking to sell around £72k to £78k at this level.

I always thought £20k upwards was in £120k upwards bracket?

Davyt

621 posts

19 months

Tuesday 15th November 2022
quotequote all
TBCReece said:
If WBAC are offering £62k, then dealers must be looking to sell around £72k to £78k at this level.

I always thought £20k upwards was in £120k upwards bracket?
Cheapest trade 570s on AT is almost £80K plus it’s the car with the steel brakes that’s been discussed on here, £84950 for the 570s at Thorney which is next cheapest..

Streetbeat

899 posts

77 months

Tuesday 15th November 2022
quotequote all
Davyt said:
Thank for sharing this with us prospective buyers, always good to know what cars are really going for, I’m a bit shocked at the markup dealers are asking in this price bracket tbh, must be looking at a £20K profit !
After a recent trade in offer, main dealer, i would say its that minimum.

I guess with nothing to sell new (Mclaren) realistically speaking, they have to be covering their overheads some how.

I bet they cant wait for the Artura to actually start hitting the showrooms.

RSbandit

2,612 posts

133 months

Tuesday 15th November 2022
quotequote all
Yeah I think a dealer bid for mine would have been £65-68k and they’d have had it on at £80k to sell but my car had over 30k miles so might not have been a runner for them anyway. Alaistair Bols only deals with cars under 20k miles after a recent convo with him. I didn’t really want to keep it over the winter as I need to extend my garage at home so didn’t fancy leaving it sitting out in the awful weather …that and the warranty thing made me try to price it for a quick sale. Anyway I was happy enough to get a deal done hoping prices tank in the next 6 months so I can save some money on a 600LT Spider !

Davyt

621 posts

19 months

Tuesday 15th November 2022
quotequote all
That’s a shocking amount of profit for any price bracket never mind sub £70-£80K, absolute rip off..
I’ll not buy till next year now but am a cash buyer, I’m more than happy to purchase a car privately, work with the seller if it has outstanding finance etc, I’m sure I’m not the only person in this position,, so fellas,, don’t be giving your cars away for peanuts to WBAC or rip off dealers, have a go at selling for a realistic price on here or AT, got to be worth it for a few quid and the annoyance of a few bogus phone calls wink

Streetbeat

899 posts

77 months

Tuesday 15th November 2022
quotequote all
There is probably not many like you Davy, i would say 49% probably have something they want to trade and 49% want some finance. I wouldnt be adverse to advertising privately but i would say you defintely elimate quite a few potential buyers on the private market for those reasons, i know finance can be arranged but if its car specific you will need a dealer of sorts to broker the deal.

On the flip side of that, i wouldnt let my car go to a trade in deal at the sort of figure they offered me when i enquired about a specific car.

I think it was discussed elsewhere why Mclarens have shocking residuals compared to the EU and States, i dont think our dealers help for sure.

Meps

122 posts

204 months

Saturday 19th November 2022
quotequote all
A Shot from yesterday during a film shoot for a proposed car show in April.



justin220

5,345 posts

205 months

Saturday 19th November 2022
quotequote all
RSbandit said:
Yeah I think a dealer bid for mine would have been £65-68k and they’d have had it on at £80k to sell but my car had over 30k miles so might not have been a runner for them anyway. Alaistair Bols only deals with cars under 20k miles after a recent convo with him. I didn’t really want to keep it over the winter as I need to extend my garage at home so didn’t fancy leaving it sitting out in the awful weather …that and the warranty thing made me try to price it for a quick sale. Anyway I was happy enough to get a deal done hoping prices tank in the next 6 months so I can save some money on a 600LT Spider !
Sounds a similar spread to what I was offered on mine, circa £10-15k below what it would be advertised for. A few reasons, as any Approved Used car needs to pass the pre inspection and that includes things like all tyres must be OEM and above a certain depth (4mm?) So if you've got PS4s on, all need replaced. Plus warranty, plus margin, and any other bits.. quickly adds up!

The frustrating thing for most of us owners is, the jump to trade up is significant. From a low mileage 2017 540c to either a 600LT or 720S a couple of years newer is almost £100k.

samoht

5,729 posts

147 months

Saturday 19th November 2022
quotequote all
This week's update as requested, changes since Saturday 12th

Sold Cars
570S for £84,990 2017 on 20,221 miles at G C Motors pic
570S for £92,995 2017 on 5,672 miles at Private seller pic
570GT for £89,900 2017 on 9,060 miles at Gve London Ltd pic
570GT for £91,990 2016 on 17,000 miles at The Auto Lounge Limited pic
570S Spider for £118,950 2018 on 7,574 miles at Mclaren Ascot pic
600LT for £142,950 2019 on 9,380 miles at McLaren New Forest pic

Price Reductions and New Listings

Price Reductions
540C reduced from £90,980 to £90,480 2017 on 14,000 miles at Auto100.Co.Uk ad
570S reduced from £89,000 to £85,000 2017 on 6,200 miles at Private seller ad
570S reduced from £96,850 to £92,950 2017 on 8,300 miles at Bell Sport & Classic ad
570S reduced from £96,990 to £95,990 2018 on 12,540 miles at Redline Specialist Cars ad
570GT reduced from £89,991 to £88,991 2017 on 12,200 miles at Scott Hardy Ltd ad
570GT increased from £89,950 to £92,950 2017 on 10,250 miles at McLaren New Forest ad
570GT reduced from £106,950 to £103,950 2019 on 15,560 miles at Mclaren Ascot ad
570GT reduced from £109,900 to £106,900 2019 on 9,545 miles at Baytree Cars ad
570GT reduced from £111,950 to £107,950 2019 on 8,351 miles at Mclaren Ascot ad
570GT reduced from £112,879 to £111,879 2020 on 10,000 miles at Sascron Car Supermarket ad
570S Spider reduced from £119,999 to £117,999 2018 on 31,000 miles at Waterways Prestige Limited ad
570S Spider reduced from £119,950 to £118,950 2018 on 6,407 miles at Mclaren London ad
570S Spider reduced from £121,950 to £118,950 2018 on 3,058 miles at Mclaren London ad
570S Spider reduced from £123,950 to £121,950 2019 on 4,378 miles at Mclaren London ad
600LT reduced from £143,950 to £139,950 2019 on 7,177 miles at Mclaren Ascot ad
600LT reduced from £159,995 to £154,995 2019 on 256 miles at Philip Ireland Performance Cars ad

New Listings
540C for £84,850 2016 on 13,163 miles at McLaren Birmingham ad
540C for £94,999 2018 on 12,640 miles at Medway Hyundai ad
540C for £99,990 2019 on 6,000 miles at Autocentre (U.K.) Limited ad
570S for £83,995 2016 on 18,300 miles at Private seller ad
570S for £89,991 2017 on 12,200 miles at Scott Hardy Ltd ad
570S for £92,990 2017 on - miles at SCUDERIA PRESTIGE AUTOMOBILE LTD ad
570S for £109,990 2019 on 9,989 miles at McLaren Glasgow ad
570GT for £84,900 2017 on 23,141 miles at Gve London Ltd ad
570GT for £89,000 2017 on 18,100 miles at Mclaren Manchester ad
570GT for £89,950 2017 on 13,000 miles at Sterling Motor Cars ad
570GT for £94,995 2017 on 12,500 miles at Rikon London Ltd ad
570GT for £97,650 2019 on 31,000 miles at FTC Prestige & Performance Cars ad
570GT for £107,995 2019 on 11,500 miles at Polo Prestige ad
570GT for £109,900 2018 on 7,990 miles at Grange Mclaren Hatfield ad
570S Spider for £104,949 2018 on 11,900 miles at Private seller ad
570S Spider for £122,950 2020 on 10,562 miles at Mclaren London ad
570S Spider for £124,950 2018 on 6,819 miles at Mclaren Ascot ad
600LT for £164,990 2021 on 2,950 miles at The Auto Lounge Limited ad


Noticeable that it seems three times as many cars were put on the market (18) as sold (6), so seems number listed on AT is nudging upwards.

The sold cars this week look middle of the market in terms of price and age/mileage, not much to be said about them really.

A number of price reductions on 570GTs especially the later cars. I think sellers have been valuing the 2018-on cars with ceramic brakes a step above the earlier ones, however buyers either are unaware or don't care about the distinction (and after all plenty of cheaper 570Ss have them).

McLaren London have nudged the price down on three of their four 570 Spiders, understandably as the winter draws in.

My 'Car of the Week' is this Vega Blue GT - the second cheapest of the 2018-on cars, with forged wheels and a great colour at under £100k. Only thing is that someone's clearly enjoyed it, with 31k miles on the clock. Plus it's at an independent dealer, so if you want a warranty you'll have to get it to McLaren for inspection and pay for it yourself. But tempting.
https://www.autotrader.co.uk/car-details/202210020...

Davyt

621 posts

19 months

Saturday 19th November 2022
quotequote all
Brilliant Tom ! Keep your eye on the “no reserve” 600LT Spider on CC, it’s been enjoyed with the front end looking a bit peppered, be interesting to see what the hammer goes down at ?? Also a nice looking 720S on there with 6 days to go..

https://collectingcars.com/for-sale/2019-mclaren-6...

I bet GC we’re glad to see the back of the 570s, I was in Harrogate months ago and they had it in along with an Orange 540 .

Edited by Davyt on Saturday 19th November 12:51

mOrtt

404 posts

153 months

Saturday 19th November 2022
quotequote all
Great work tracking the prices!

I'm sure you already know, but just in case you don't; you can tell how long the car has been advertised for by looking at the URL on AutoTrader.

For example, the 600LT reduced from £159,995 to £154,995 (https://www.autotrader.co.uk/car-details/202207268162342) has been up for sale (with that specific advert) since 2022-07-26.

TBCReece

1,495 posts

90 months

Saturday 19th November 2022
quotequote all
samoht said:
This week's update as requested, changes since Saturday 12th
As a matter of interest, how do you know these are sold? Is it the fact the ads have gone from AT?

samoht

5,729 posts

147 months

Saturday 19th November 2022
quotequote all
Thanks for all the input, always good to hear info about specific cars.

Yeah I've seen the dates in the URL, I could start adding the assumed advert age in days to the listings. In the long run I'll have the first day I saw the ad, which is probably more reliable, but the URL looks to be more or less the go-live date in about 95% of cases.

TBCReece said:
As a matter of interest, how do you know these are sold? Is it the fact the ads have gone from AT?
Yeah, just ads going offline. Disclaimers as last time
samoht said:
Disclaimers: we don't know that they are sold, if they are sold we don't know how close to full asking price they went, and there may be other listings which have been sold but not removed from AT.
There will be exceptions, but I suspect the majority of ads that go offline represent the car being sold.

Davyt

621 posts

19 months

Saturday 19th November 2022
quotequote all
mOrtt said:
Great work tracking the prices!

I'm sure you already know, but just in case you don't; you can tell how long the car has been advertised for by looking at the URL on AutoTrader.

For example, the 600LT reduced from £159,995 to £154,995 (https://www.autotrader.co.uk/car-details/202207268162342) has been up for sale (with that specific advert) since 2022-07-26.
Can’t believe the 570s at Motorhub had been on AT for over a year,, must be some sort of record !!

Sarnie

8,046 posts

210 months

Saturday 19th November 2022
quotequote all
Davyt said:
Brilliant Tom ! Keep your eye on the “no reserve” 600LT Spider on CC, it’s been enjoyed with the front end looking a bit peppered, be interesting to see what the hammer goes down at ?? Also a nice looking 720S on there with 6 days to go..

https://collectingcars.com/for-sale/2019-mclaren-6...

I bet GC we’re glad to see the back of the 570s, I was in Harrogate months ago and they had it in along with an Orange 540 .

Edited by Davyt on Saturday 19th November 12:51
Beware that Spider..............it has a VERY chequered history.........

Davyt

621 posts

19 months

Saturday 19th November 2022
quotequote all
Sarnie said:
Beware that Spider..............it has a VERY chequered history.........
Please elaborate ,,