Will Corona effect the Supercar Market
Discussion
ghost83 said:
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
Yes, but cars do sell privately and for more than trade in values. If I was selling it wouldn't be to WBAC or a trader.davek_964 said:
Yes, but cars do sell privately and for more than trade in values. If I was selling it wouldn't be to WBAC or a trader.
I suppose it depends on how quick you want rid, some ppl don’t have time to wait for cars to sell, as some have been for sale a long time, there was a yellow 570s for sale on here at 89/90 and the dealers offered him 70k I believe don’t know if it sold but as said it depends how desperate you are doesn’t it! I’ve always used wbac to get values and/or brokers to get the best price on new, ghost83 said:
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.
GT4RS said:
ghost83 said:
GT4RS said:
Get him to pop a low mileage 991.2 gt3 reg in, that will wake a few people up on here who think differently!
Do they hold their money? I’m not rly into porsches so no idea, https://www.romansinternational.com/used-vehicle-d...
Properly marmite interior too.
ghost83 said:
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
I am not surprised - any McLaren sold by a dealer has a £20k margin. Meaning that if you buy it you will instantly lose £20k but gain a lot of fun driving. 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
TP321 said:
ghost83 said:
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
I am not surprised - any McLaren sold by a dealer has a £20k margin. Meaning that if you buy it you will instantly lose £20k but gain a lot of fun driving. 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
The original question in this thread was whether the pandemic affected the supercar market - I'm not convinced it has in any meaningful way so far.
Since then, it seems that supercars sell less in winter and that dealers buy cars for less than they sell them for - which shouldn't really surprise anybody, and even happens in "normal" times.
Cheib said:
GT4RS said:
ghost83 said:
GT4RS said:
Get him to pop a low mileage 991.2 gt3 reg in, that will wake a few people up on here who think differently!
Do they hold their money? I’m not rly into porsches so no idea, https://www.romansinternational.com/used-vehicle-d...
Properly marmite interior too.
davek_964 said:
Quite. Dealers need to make money, so there's always going to be a spread.
The original question in this thread was whether the pandemic affected the supercar market - I'm not convinced it has in any meaningful way so far.
Since then, it seems that supercars sell less in winter and that dealers buy cars for less than they sell them for - which shouldn't really surprise anybody, and even happens in "normal" times.
Or is it a case if they have gone down but owners don’t want to let them go for their true worth hence seeing them for sale for a long time! The original question in this thread was whether the pandemic affected the supercar market - I'm not convinced it has in any meaningful way so far.
Since then, it seems that supercars sell less in winter and that dealers buy cars for less than they sell them for - which shouldn't really surprise anybody, and even happens in "normal" times.
Also asked my mate about Porsche he says market is busy for those and he sells what he gets very quickly and there’s not a lot of spread,
ghost83 said:
Or is it a case if they have gone down but owners don’t want to let them go for their true worth hence seeing them for sale for a long time!
One McLaren owner posted just a month or so back saying that he sold his car very quickly - for only £5k less than he bought it for 20 months ago. So his - actual real world - true worth, was somewhat different from your theoretical true worth.My advice to anyone reading this thread? Move on!! This time last year I put a deposit on a Mclaren 570s, was very excited as it was my first supercar. Then when I read this thread it spooked me so much I pulled the deposit, no way I could afford the 30% price plummet that people were suggesting back then! But here we are, 12 months later and the same car will cost me £5k-£8k more!! So they've gone up in value not down 30%!!
I'm not too bitter though, once I learnt to overlook the doom and gloomers, I started looking again. Again thanks to Covid, I took on a "life is too short" opinion and thought f**k it, stretch to a 720s. VERY VERY happy I did. So the thread did me a favour in the end but that was luck, I could have lost a year of potential ownership and had to pay another £5k+ to buy it! As it stands I lost about 6 months of ownership but I did end up with a better car.
I'm not too bitter though, once I learnt to overlook the doom and gloomers, I started looking again. Again thanks to Covid, I took on a "life is too short" opinion and thought f**k it, stretch to a 720s. VERY VERY happy I did. So the thread did me a favour in the end but that was luck, I could have lost a year of potential ownership and had to pay another £5k+ to buy it! As it stands I lost about 6 months of ownership but I did end up with a better car.
AstonExige720 said:
My advice to anyone reading this thread? Move on!! This time last year I put a deposit on a Mclaren 570s, was very excited as it was my first supercar. Then when I read this thread it spooked me so much I pulled the deposit, no way I could afford the 30% price plummet that people were suggesting back then! But here we are, 12 months later and the same car will cost me £5k-£8k more!! So they've gone up in value not down 30%!!
I'm not too bitter though, once I learnt to overlook the doom and gloomers, I started looking again. Again thanks to Covid, I took on a "life is too short" opinion and thought f**k it, stretch to a 720s. VERY VERY happy I did. So the thread did me a favour in the end but that was luck, I could have lost a year of potential ownership and had to pay another £5k+ to buy it! As it stands I lost about 6 months of ownership but I did end up with a better car.
Quite. I'm not too bitter though, once I learnt to overlook the doom and gloomers, I started looking again. Again thanks to Covid, I took on a "life is too short" opinion and thought f**k it, stretch to a 720s. VERY VERY happy I did. So the thread did me a favour in the end but that was luck, I could have lost a year of potential ownership and had to pay another £5k+ to buy it! As it stands I lost about 6 months of ownership but I did end up with a better car.
I bought an Aventador SV in July.
I have to say I completely forgot to check what WBAC would have paid for it.........
Ferruccio said:
Quite.
I bought an Aventador SV in July.
I have to say I completely forgot to check what WBAC would have paid for it.........
Quite.I bought an Aventador SV in July.
I have to say I completely forgot to check what WBAC would have paid for it.........
WBAC are fairly clueless on specialist cars over £100k and a lowball bid from from them is meaningless regarding a cars true value. I could bid £50k for a 4 month old Aventador it doesn't mean its worth it lol.
Anyone selling their specialist car to them at the figures often banded about is either desperate or a moron.
Cheib said:
GT4RS said:
ghost83 said:
GT4RS said:
Get him to pop a low mileage 991.2 gt3 reg in, that will wake a few people up on here who think differently!
Do they hold their money? I’m not rly into porsches so no idea, https://www.romansinternational.com/used-vehicle-d...
Properly marmite interior too.
The price of gen 1s is also climbing as confirmed by recent threads and further rises on both gen 1 and 2 GT3s especially rare gen 2 manuals are expected as Spring and track season approaches with peak buying season.
As you rightly say there is a dearth of especially manual cars as enthusiasts hold onto their cars.
AstonExige720 said:
My advice to anyone reading this thread? Move on!! This time last year I put a deposit on a Mclaren 570s, was very excited as it was my first supercar. Then when I read this thread it spooked me so much I pulled the deposit, no way I could afford the 30% price plummet that people were suggesting back then! But here we are, 12 months later and the same car will cost me £5k-£8k more!! So they've gone up in value not down 30%!!
I'm not too bitter though, once I learnt to overlook the doom and gloomers, I started looking again. Again thanks to Covid, I took on a "life is too short" opinion and thought f**k it, stretch to a 720s. VERY VERY happy I did. So the thread did me a favour in the end but that was luck, I could have lost a year of potential ownership and had to pay another £5k+ to buy it! As it stands I lost about 6 months of ownership but I did end up with a better car.
Great post and congratulations on the car. I hope you have many happy miles in it!I'm not too bitter though, once I learnt to overlook the doom and gloomers, I started looking again. Again thanks to Covid, I took on a "life is too short" opinion and thought f**k it, stretch to a 720s. VERY VERY happy I did. So the thread did me a favour in the end but that was luck, I could have lost a year of potential ownership and had to pay another £5k+ to buy it! As it stands I lost about 6 months of ownership but I did end up with a better car.
Cheib said:
GT4RS said:
ghost83 said:
GT4RS said:
Get him to pop a low mileage 991.2 gt3 reg in, that will wake a few people up on here who think differently!
Do they hold their money? I’m not rly into porsches so no idea, https://www.romansinternational.com/used-vehicle-d...
Properly marmite interior too.
If you bought new had ordered a popular spec I guess a 991.2gt3 owner would be down around 10 to 15 % on retail at the moment.
What’s nice to see is these types of cars are becoming slightly more affordable now they are below list given more people the opportunity to own one.
What is interesting is the my local OPC has stopped buying used stock at the moment unless it’s a px against one of there cars due to the second lock down having an effect on nee and used enquiries. Hopefully we will see a bonce back come late March.
Edited by GT4RS on Saturday 6th February 12:32
GT4RS said:
What is interesting is the my local OPC has haunted buying used stock at the moment unless it’s a px against one of there cars due to the second look down having an effect on enquiries. Hopefully we will see a bonce back come late March.
Listen very carefully, I shall say zis only once. Zere will be no bonce back.Gassing Station | Supercar General | Top of Page | What's New | My Stuff