Will Corona effect the Supercar Market
Discussion
galtezza said:
SagMan said:
I've been tracking 20 -25 cars on Autotrader for past 2 months.
18 cars remain unsold and price dormant. 1 car is unsold and increased by 5%!
6 cars sold, of which 3 were price dropped around 5% and then sold within 2-3 days.
Interesting, to me, is that I have put bids and two cars (around 5% less than asking), both rejected. Then within a week both these cars were dropped less than my offer price and I wasn't contacted! Very strange salesman enquiry logging techniques!
Im still waiting to find right car, right spec and fair price.
Same has happened to me, ive been tracking gen3 bentleys contis since march last year, very few have moved and neither has their screen price so took a punt with a 10% bid (that was being generous) and not a chance, considering there’d been no movement for nearly a year on screen price they then dropped the price within a week of my offer, something fishy or somewhat of a mexican stand off!18 cars remain unsold and price dormant. 1 car is unsold and increased by 5%!
6 cars sold, of which 3 were price dropped around 5% and then sold within 2-3 days.
Interesting, to me, is that I have put bids and two cars (around 5% less than asking), both rejected. Then within a week both these cars were dropped less than my offer price and I wasn't contacted! Very strange salesman enquiry logging techniques!
Im still waiting to find right car, right spec and fair price.
The prices have been steadily dropping too at Bentley.
Louis Balfour said:
Saweep said:
The prices have been steadily dropping too at Bentley.
I haven't noticed that with Gen 2 Contis. They seem to be changing hands for much the same as a year ago.I cannot speak for other models.
650spider said:
marky7seven said:
Any tips on negotiating the price down? I've only managed to get a big discount once, and that was by accident.
No real secrets to it...just be patient and chip away; there is always another car that shall come along.A sales guy has to sell cars; if its SOR then they have no exposure and then they put the pressure on the actual owner.
Every 10-12 years an event happens that puts the car market on its ass.
Last time in 2008 I had a Ferrari F355 Spider thats value dropped down to mid to late £20's even if I could sell it.
We are there again and unfortunately there are 2 greater factors than previous times; saturation of the market of 'supercars', and the financial situation is far worse than seen before.
For the posters saying that the market is strong looking at the £150k market, call the dealer that has the car that they have that you like, and ask them if they were interested in your similar spec car as a part exchange for another car they have or what they would offer to buy outright for; thats how you shall gauge what the car you want to buy is worth as soon as you have bought it for £150k.
Ensure you are sitting in a seat and have a wee dram to hand.
You only have to look at the 997 and 991 gt3 market to tell things aren’t selling. Some 997 gt3 cars have been for sale for year and I mean years!
The high end car market is struggling and anyone who thinks differently need to try and get a genuine trade bid on their own car.
If a 650s trade bid to buy is around 65k what would a trade bid be on a 12c? What I find odd is you very rarely see 650s or 12c cars for sale privately and if you do they are normally the same if not more than retail prices!
Saweep said:
Louis Balfour said:
Saweep said:
The prices have been steadily dropping too at Bentley.
I haven't noticed that with Gen 2 Contis. They seem to be changing hands for much the same as a year ago.I cannot speak for other models.
I am personally struggling with the design language of the current Bentley offerings, which is why I have a Gen 2. Which designer was responsible for the "notch back"? Was it the chap that has just left, or is that wishful thinking?
GT4RS said:
Never a truer word said, most aren’t even buying stock unless they steel it from you.
You only have to look at the 997 and 991 gt3 market to tell things aren’t selling. Some 997 gt3 cars have been for sale for year and I mean years!
The high end car market is struggling and anyone who thinks differently need to try and get a genuine trade bid on their own car.
If a 650s trade bid to buy is around 65k what would a trade bid be on a 12c? What I find odd is you very rarely see 650s or 12c cars for sale privately and if you do they are normally the same if not more than retail prices!
Wbac and evans halshaw don’t seem to recognise the 12c lol You only have to look at the 997 and 991 gt3 market to tell things aren’t selling. Some 997 gt3 cars have been for sale for year and I mean years!
The high end car market is struggling and anyone who thinks differently need to try and get a genuine trade bid on their own car.
If a 650s trade bid to buy is around 65k what would a trade bid be on a 12c? What I find odd is you very rarely see 650s or 12c cars for sale privately and if you do they are normally the same if not more than retail prices!
Louis Balfour said:
Saweep said:
Louis Balfour said:
Saweep said:
The prices have been steadily dropping too at Bentley.
I haven't noticed that with Gen 2 Contis. They seem to be changing hands for much the same as a year ago.I cannot speak for other models.
I am personally struggling with the design language of the current Bentley offerings, which is why I have a Gen 2. Which designer was responsible for the "notch back"? Was it the chap that has just left, or is that wishful thinking?
No idea about the designer, old chap. The new spur looks spectacular in the metal.
Saweep said:
Louis Balfour said:
Saweep said:
Louis Balfour said:
Saweep said:
The prices have been steadily dropping too at Bentley.
I haven't noticed that with Gen 2 Contis. They seem to be changing hands for much the same as a year ago.I cannot speak for other models.
I am personally struggling with the design language of the current Bentley offerings, which is why I have a Gen 2. Which designer was responsible for the "notch back"? Was it the chap that has just left, or is that wishful thinking?
No idea about the designer, old chap. The new spur looks spectacular in the metal.
Yes the Spur is cool.
Saweep said:
galtezza said:
SagMan said:
I've been tracking 20 -25 cars on Autotrader for past 2 months.
18 cars remain unsold and price dormant. 1 car is unsold and increased by 5%!
6 cars sold, of which 3 were price dropped around 5% and then sold within 2-3 days.
Interesting, to me, is that I have put bids and two cars (around 5% less than asking), both rejected. Then within a week both these cars were dropped less than my offer price and I wasn't contacted! Very strange salesman enquiry logging techniques!
Im still waiting to find right car, right spec and fair price.
Same has happened to me, ive been tracking gen3 bentleys contis since march last year, very few have moved and neither has their screen price so took a punt with a 10% bid (that was being generous) and not a chance, considering there’d been no movement for nearly a year on screen price they then dropped the price within a week of my offer, something fishy or somewhat of a mexican stand off!18 cars remain unsold and price dormant. 1 car is unsold and increased by 5%!
6 cars sold, of which 3 were price dropped around 5% and then sold within 2-3 days.
Interesting, to me, is that I have put bids and two cars (around 5% less than asking), both rejected. Then within a week both these cars were dropped less than my offer price and I wasn't contacted! Very strange salesman enquiry logging techniques!
Im still waiting to find right car, right spec and fair price.
The prices have been steadily dropping too at Bentley.
i’m happy with what i have, just looking to add..650spider said:
marky7seven said:
650spider said:
marky7seven said:
Any tips on negotiating the price down? I've only managed to get a big discount once, and that was by accident.
No real secrets to it...just be patient and chip away; there is always another car that shall come along.A sales guy has to sell cars; if its SOR then they have no exposure and then they put the pressure on the actual owner.
Every 10-12 years an event happens that puts the car market on its ass.
Last time in 2008 I had a Ferrari F355 Spider thats value dropped down to mid to late £20's even if I could sell it.
We are there again and unfortunately there are 2 greater factors than previous times; saturation of the market of 'supercars', and the financial situation is far worse than seen before.
For the posters saying that the market is strong looking at the £150k market, call the dealer that has the car that they have that you like, and ask them if they were interested in your similar spec car as a part exchange for another car they have or what they would offer to buy outright for; thats how you shall gauge what the car you want to buy is worth as soon as you have bought it for £150k.
Ensure you are sitting in a seat and have a wee dram to hand.
This lets you see what the dealer would offer you if you were trading in or asking them to buy the car that you are looking at.
This shall clearly show the difference between what you are paying for the car in the showroom as apposed to what they would value it at if you offered it to them.
With regards to the dealers increasing prices, this is to catch out punters whom think prices are recovering so best to buy now.
Prices are not recovering; and won't.
I asked my friend to value a 12c spyder and he reckons 45k trade £60-£65 retail
This is the same friend that valued the 650s at 65k trade (wbac said 57k)
On another note I’ve also asked them to value a 2019 600LT up at £130k which came back at £110k and wbac have it at £108k
Asked about ferraris and he said they don’t see many but they hold value fairly well in the second hand market
He’s a trader that’s dealt with a lot of nice cars over the years so I trust his judgement on prices
This is the same friend that valued the 650s at 65k trade (wbac said 57k)
On another note I’ve also asked them to value a 2019 600LT up at £130k which came back at £110k and wbac have it at £108k
Asked about ferraris and he said they don’t see many but they hold value fairly well in the second hand market
He’s a trader that’s dealt with a lot of nice cars over the years so I trust his judgement on prices
Edited by ghost83 on Thursday 4th February 16:03
av185 said:
Seem to remember the 2019 black low miles 600LT sold for c £125k on Collecting Cars last Spring.
Approx same price as the blue 5k mile 2018 720 S perf.
Yep so a yrs depreciation, I just give him lots of registration numbers to check and as said also input them into wbac so the 600LT was on AT with the reg X600 LTM haven’t looked at the 720s Approx same price as the blue 5k mile 2018 720 S perf.
ghost83 said:
Surely anyone buying these cars look into values before parting with nearly £160k
Why?I didn't check WBAC value when I bought my car. That's no point - I wanted a particular type of car and as a buyer I have to pay roughly what they're selling for. Not what an auction site buys them for.
I guess we all need a hobby, but when I actually own a car I don't really care what market value is unless I'm trying to sell. (And WBAC isn't market value anyway, it's just if you need to sell quickly)
davek_964 said:
Why?
I didn't check WBAC value when I bought my car. That's no point - I wanted a particular type of car and as a buyer I have to pay roughly what they're selling for. Not what an auction site buys them for.
I guess we all need a hobby, but when I actually own a car I don't really care what market value is unless I'm trying to sell. (And WBAC isn't market value anyway, it's just if you need to sell quickly)
As I said though it’s not far off and others in this thread use wbac to roughly value, and when asking a trader friend (apart from the 720s) his trade value has only been just above wbac and it seems that typical margin from trade to retail is around £20k which again seems right from what I read on here I didn't check WBAC value when I bought my car. That's no point - I wanted a particular type of car and as a buyer I have to pay roughly what they're selling for. Not what an auction site buys them for.
I guess we all need a hobby, but when I actually own a car I don't really care what market value is unless I'm trying to sell. (And WBAC isn't market value anyway, it's just if you need to sell quickly)
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