Will Corona effect the Supercar Market

Will Corona effect the Supercar Market

Author
Discussion

LaurasOtherHalf

18,457 posts

155 months

Sunday 11th October
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Without naming names, I've been looking at certain Porsche GT models and anything that sells is generally £10k under the asking price or at least 15% less.

Pvapour

8,981 posts

212 months

Sunday 11th October
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I’ve been staying in contact with 5 (Uk) Bentley dealers on a used mk3 gtc (also 2 in Europe)

No movement whatsoever March - August, Start of sept saw 10% offering, start ofOct another 5% and now a further 5% (on average).

There is obviously some seasonal changes in there due to open top but the rest is significant, just before Xmas may well see them at the price I think is right.

Louis Balfour

19,691 posts

181 months

Sunday 11th October
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Pvapour said:
I’ve been staying in contact with 5 (Uk) Bentley dealers on a used mk3 gtc (also 2 in Europe)

No movement whatsoever March - August, Start of sept saw 10% offering, start ofOct another 5% and now a further 5% (on average).

There is obviously some seasonal changes in there due to open top but the rest is significant, just before Xmas may well see them at the price I think is right.
I was closely monitoring the market for late Mk2 GTC Speeds (2015-2018) from March. Prices were probably at their lowest in March. Since then, supply has been very limited and prices strong. They firmed up over the summer and don't really seem to have dropped.

It's quite spec dependent though. If you don't mind colourful paint and funky interiors there are better deals to be had.

Intuitively, I think I'd expect Mk3s to be slightly softer and I suspect it would be possible to get a big chunk of a physical unregistered car. That is based upon nothing more than gut feeling though.

I would also add that, inevitably there will come a point where prices drop to where you want them. The question is, what is it worth to you to be in the car? At that sort of level there are people with deep enough pockets just to buy one for the summer and sod the hit.


Taffy66

4,129 posts

61 months

Sunday 11th October
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I'm tracking used Ferrari 812SF prices and their prices have been very saleable over the summer and selling quickly.However in the last couple of weeks their asking prices have dropped by at least £10k, For the first time there is one for sale at a Ferrari main dealer for less then £220k. I've said for a while that i won't buy one until they have crept below £200k which i believe will happen by early next year, or even sooner if Covid-19 and a no deal Brexit coincide on January 1st 2021.

av185

12,406 posts

86 months

Sunday 11th October
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Taffy66 said:
I'm tracking used Ferrari 812SF prices and their prices have been very saleable over the summer and selling quickly.However in the last couple of weeks their asking prices have dropped by at least £10k, For the first time there is one for sale at a Ferrari main dealer for less then £220k. I've said for a while that i won't buy one until they have crept below £200k which i believe will happen by early next year, or even sooner if Covid-19 and a no deal Brexit coincide on January 1st 2021.
No deal probable 10% surcharge on new cars could have the opposite affect though Taff depending on the actual car as it will tend to make nearly new more attractive thus support if not increase used prices.

Taffy66

4,129 posts

61 months

Sunday 11th October
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av185 said:
No deal probable 10% surcharge on new cars could have the opposite affect though Taff depending on the actual car as it will tend to make nearly new more attractive thus support if not increase used prices.
I still think they'll bodge a trade deal before the deadline as Boris is very good at playing brinkmanship.He's maintaining that the Aussie style deal will suit the UK in the event of a no deal Brexit.The EU negotiate with a weak hand as Germany and France are petrified at the prospect of tariffs being imposed on French wine and cheese plus 10% added to German cars.
We are France's biggest export market for wine and also Germany's third largest export market for their cars.

Cheib

19,492 posts

134 months

Sunday 11th October
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Taffy66 said:
av185 said:
No deal probable 10% surcharge on new cars could have the opposite affect though Taff depending on the actual car as it will tend to make nearly new more attractive thus support if not increase used prices.
I still think they'll bodge a trade deal before the deadline as Boris is very good at playing brinkmanship.He's maintaining that the Aussie style deal will suit the UK in the event of a no deal Brexit.The EU negotiate with a weak hand as Germany and France are petrified at the prospect of tariffs being imposed on French wine and cheese plus 10% added to German cars.
We are France's biggest export market for wine and also Germany's third largest export market for their cars.
Agree 100% with that....the economic backdrop bizarrely has strengthened Britain’s hand when it comes to this. In this climate the German car makers will not want a 10% tariff on their cars.

Calculator

698 posts

174 months

Sunday 11th October
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SSO said:
I just posted an update on the Supercar market coming out of Q3. Now that summer is over, it will be interesting to see if the market holds.
Good article as always, your writing style does a great job of distilling down a complex situation.

SSO

918 posts

150 months

Sunday 11th October
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Cheib said:
Very good it is too

https://karenable.com/supercar-market-update-q3-20...

I think your summary in the last paragraph hits the nail on the head....the summer shutdown allowed inventory to clear and created a pent up demand for cars in all price brackets both new and used. There are already signs in the used car adverts to me at least that we’re in for a long winter....nearly 20 992 Turbo S’s in the classifieds, a car which has only been out for a three or four months, is delivered in relatively low numbers and has had rave reviews. Normally there would only be a handful for sale by now
Much appreciated.

It does look like things are starting to slow down. Be interesting to see what happens with the 992 Turbo S's and Ferrari 812s over the next several months.

Ferruccio

1,336 posts

78 months

Sunday 11th October
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SSO said:
I just posted an update on the Supercar market coming out of Q3. Now that summer is over, it will be interesting to see if the market holds.
You said in your previous post “How this chapter of the Aston Martin story ends now all depends on the DBX, a $200k luxury SUV launched into the worst economic situation this century.”

Drove one recently.
Having been very sceptical, I have to say that it was a really, really nice thing.

SSO

918 posts

150 months

Sunday 11th October
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Ferruccio said:
You said in your previous post “How this chapter of the Aston Martin story ends now all depends on the DBX, a $200k luxury SUV launched into the worst economic situation this century.”

Drove one recently.
Having been very sceptical, I have to say that it was a really, really nice thing.
I am very interested to see Astons Q3 results and what the DBX order book looks like.