Is the bubble about to burst?
Discussion
ks, didn't think of that. Wozy68 said:
It's done it's dusted and rightly or wrongly we are coming out of the EU
Can't you all now who wish to carry the above argument further, just sod off over to NP&E and let us get back on track with this thread please.
DELETED: Comment made by a member who's account has been deleted.
Can't you all now who wish to carry the above argument further, just sod off over to NP&E and let us get back on track with this thread please.
ChrisW. said:
If there is any comparison between the value of classic cars and new cars --- where will new P prices be when the current exchange rate is taken into consideration ?
I would be seriously considering my decision, before making a 50k purchase on a 4 cylinder turbo 2.0, that's for sure! 
ChrisW. said:
If there is any comparison between the value of classic cars and new cars --- where will new P prices be when the current exchange rate is taken into consideration ?
Uk prices didn't really change in 2009 - 2012 with eurgbp at high levels and didn't change last year at it's relative lows. Doubt much will change now, perhaps just less UK cars that's all.
£160K for a 2.4S if it is a mint numbers matching car I do not believe is dear. I am not saying that this is. But it looks sweet. I think personally the sweet spot is a 2.2S and if funds allow it would be my next addition to the family. I laugh at myself. Many years back I sold off all my cars for one very special one. Should have kept it but c'est la vie. Perhaps if the world goes tits up I could afford to buy it back. Now here I am some years later with quite a few cars again. I have an addiction. The first word I ever spoke was car. My mother blames it upon living in a flat above a used car emporium when I was first born. Convinced all those leaded fumes poisoned by brain.
SRT Hellcat said:
£160K for a 2.4S if it is a mint numbers matching car I do not believe is dear. I am not saying that this is. But it looks sweet. I think personally the sweet spot is a 2.2S and if funds allow it would be my next addition to the family. I laugh at myself. Many years back I sold off all my cars for one very special one. Should have kept it but c'est la vie. Perhaps if the world goes tits up I could afford to buy it back. Now here I am some years later with quite a few cars again. I have an addiction. The first word I ever spoke was car. My mother blames it upon living in a flat above a used car emporium when I was first born. Convinced all those leaded fumes poisoned by brain.
I know your pain (re 2.2s)under 20k, 1980, 911, 3.0 SC? Seems like there is no bubble in spain (unless there is no rust bubble)
http://www.carandclassic.co.uk/car/C222248
http://www.carandclassic.co.uk/car/C222248
For what it's worth - and this is an emotional post rather than a rational one - I think the bubble is pricked. Whether it pops, or slowly deflates probably depends on the market segment, the price point and the news. But people have been asking "what could change?" for months, years even on values threads, and here it is. The outcome of the referendum was a surprise result and has changed perceptions and expectations.
Uncertainty itself will put some buyers off. If the economy changes to significantly affect pounds in pockets that will change the number and the appetite of buyers. That's probably the bubble slowly deflating scenario.
If people decide to, or have to sell then we could be in for a pop. That probably won't happen overnight but I am reading about, and trying to understand the implications on interest rates, taxes and inflation. Significant changes in any one of those areas would force me to have to think very hard about discretionary spend, and contemplate whether I would be better protected with cash instead of car. All three would force my hand. Do I want to wait until my hand is forced? Or do I try to beat the bubble?
I guess the point is that if I did sell, I wouldn't be buying a replacement (and if I had to sell I would have to accept what the market dictates). At which point the bubble is over. IMHO.
Uncertainty itself will put some buyers off. If the economy changes to significantly affect pounds in pockets that will change the number and the appetite of buyers. That's probably the bubble slowly deflating scenario.
If people decide to, or have to sell then we could be in for a pop. That probably won't happen overnight but I am reading about, and trying to understand the implications on interest rates, taxes and inflation. Significant changes in any one of those areas would force me to have to think very hard about discretionary spend, and contemplate whether I would be better protected with cash instead of car. All three would force my hand. Do I want to wait until my hand is forced? Or do I try to beat the bubble?
I guess the point is that if I did sell, I wouldn't be buying a replacement (and if I had to sell I would have to accept what the market dictates). At which point the bubble is over. IMHO.
I guess the real question is whether or not people have the confidence that the £55k 996 turbo or the £150k 997 GT3RS will still be safe money, who on here with the funds to buy these sorts of car would go and pay the prices being asked in the next month or so?
if dealers are not selling any cars they will come down.
if dealers are not selling any cars they will come down.
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