Will Corona effect the Supercar Market

[GT4RS]

ghost83 said:

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!


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,

I think you may be correct on private sales being over valued, I have always found the best way to sell a used Porsche is to get 3 bids from 3 different opc centres, makes sure it’s got a Porsche warranty with a year on and pitch it 2 or 3 grand above what a opc offered you.

[ghost83]

GT4RS said:

I think you may be correct on private sales being over valued, I have always found the best way to sell a used Porsche is to get 3 bids from 3 different opc centres, makes sure it’s got a Porsche warranty with a year on and pitch it 2 or 3 grand above what a opc offered you.

And obviously private sales are actually the worst, I hate dealing with people, my last car I sold to a trader I got no hassle whatsoever and the money was straight in my account! Never heard anything since with private sales you’ve got people you don’t know coming to your house you don’t know if they’re genuine or scoping it all out once bought any problem whatsoever they’re on the phone,
Hence why a lot sell to traders and unfortunately traders know this so they either don’t make an offer unless you’re desperate and it will be very low hoping you’re that desperate!

[av185]

OPCs simply aren't buying used stock because there aren't any cars out there to buy lol. This is forcing up prices especially on limited run cars.

Demand is strong as BCA auction results typically show.

[GT4RS]

av185 said:

OPCs simply aren't buying used stock because there aren't any cars out there to buy lol. This is forcing up prices especially on limited run cars.

Demand is strong as BCA auction results typically show.

Clearly my OPC is talking complete rubbish and you know their business better than them!

Can you also explain why they have a large amount of their staff still furloughed, or are they just offering staff time off with part pay as they are making so much money they don’t need them?

[GT4RS]

Louis Balfour said:

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.

You may be right, but let’s hope we all don’t take a further bath with our cars!

[GT4RS]

ghost83 said:

GT4RS said:

I think you may be correct on private sales being over valued, I have always found the best way to sell a used Porsche is to get 3 bids from 3 different opc centres, makes sure it’s got a Porsche warranty with a year on and pitch it 2 or 3 grand above what a opc offered you.

And obviously private sales are actually the worst, I hate dealing with people, my last car I sold to a trader I got no hassle whatsoever and the money was straight in my account! Never heard anything since with private sales you’ve got people you don’t know coming to your house you don’t know if they’re genuine or scoping it all out once bought any problem whatsoever they’re on the phone,
Hence why a lot sell to traders and unfortunately traders know this so they either don’t make an offer unless you’re desperate and it will be very low hoping you’re that desperate!

I’m not going to disagree, yes you get a lot of dreamers and private buyers actually making offers far lower than trade offers without even seeing the car. But from my experience, I’ve found it only takes that one genuine buyer and the car presently correctly and it sells on the first physical viewing.

As an example, it took me a all summer to sell a TVR Cerbera which I owned, I must of had 20 plus offers from dreamers, at all sorts of numbers. I asked all to come and view them make a informed offer once they had inspected the car. None bothered as they are dreamers. Then a get a call out the blue, chaps says would you consider a offer, I say of cause, he’s says when can I view and the car is sold on inspection as it was as described.

Your always going to get the people who make offers on the internet who have no intention of buying the car they are actually enquiring about.

[davek_964]

GT4RS said:

I’m not going to disagree, yes you get a lot of dreamers and private buyers actually making offers far lower than trade offers without even seeing the car. But from my experience, I’ve found it only takes that one genuine buyer and the car presently correctly and it sells on the first physical viewing.

As an example, it took me a all summer to sell a TVR Cerbera which I owned, I must of had 20 plus offers from dreamers, at all sorts of numbers. I asked all to come and view them make a informed offer once they had inspected the car. None bothered as they are dreamers. Then a get a call out the blue, chaps says would you consider a offer, I say of cause, he’s says when can I view and the car is sold on inspection as it was as described.

Your always going to get the people who make offers on the internet who have no intention of buying the car they are actually enquiring about.

+1.

I sold my last car privately. Had a few enquiries but sold to somebody on first viewing.
He actually noticed an issue I hadn't, but still paid the price we'd agreed (subject to viewing) if I threw in the trickle charger I was using.

[s2000db]

This article appeared in Autocar yesterday, seems a reasonable state of play, imo..
https://www.autocar.co.uk/car-news/industry-news-s...

[Cheib]

s2000db said:

This article appeared in Autocar yesterday, seems a reasonable state of play, imo..
https://www.autocar.co.uk/car-news/industry-news-s...

Thanks for posting,

Interesting point about the SUV’s like the Urus. I wonder how many people have bought one of them instead of a mid engined Ferrari or Lamborghini ? For some people say a 488 is a statement purchase rather because they want a mid engine V8 sports car (not a typical PH owner clearly !) ....maybe the Urus ticks that same box and can be used more.

[BrabusMog]

Cheib said:

Thanks for posting,

Interesting point about the SUV’s like the Urus. I wonder how many people have bought one of them instead of a mid engined Ferrari or Lamborghini ? For some people say a 488 is a statement purchase rather because they want a mid engine V8 sports car (not a typical PH owner clearly !) ....maybe the Urus ticks that same box and can be used more.

I think this is very true.

[s2000db]

Cheib said:

s2000db said:

This article appeared in Autocar yesterday, seems a reasonable state of play, imo..
https://www.autocar.co.uk/car-news/industry-news-s...

Thanks for posting,

Interesting point about the SUV’s like the Urus. I wonder how many people have bought one of them instead of a mid engined Ferrari or Lamborghini ? For some people say a 488 is a statement purchase rather because they want a mid engine V8 sports car (not a typical PH owner clearly !) ....maybe the Urus ticks that same box and can be used more.

The Urus clearly contributed to a record sales year for Lamborghini, despite the pandemic!
Though personally not my cup of tea, it seems to fill a niche that allows you to drive a Lambo that you can take to the shops/school, residuals are strong and there’s a wait for new ones.

I’m wondering how Aston Martin are doing with the DBX, whether that’s filling a similar niche or competing more with the traditional players??

[galtezza]

s2000db said:

Cheib said:

s2000db said:

This article appeared in Autocar yesterday, seems a reasonable state of play, imo..
https://www.autocar.co.uk/car-news/industry-news-s...

Thanks for posting,

Interesting point about the SUV’s like the Urus. I wonder how many people have bought one of them instead of a mid engined Ferrari or Lamborghini ? For some people say a 488 is a statement purchase rather because they want a mid engine V8 sports car (not a typical PH owner clearly !) ....maybe the Urus ticks that same box and can be used more.

The Urus clearly contributed to a record sales year for Lamborghini, despite the pandemic!
Though personally not my cup of tea, it seems to fill a niche that allows you to drive a Lambo that you can take to the shops/school, residuals are strong and there’s a wait for new ones.

I’m wondering how Aston Martin are doing with the DBX, whether that’s filling a similar niche or competing more with the traditional players??

And its done a 7:46 ring time which is crazy quick for an suv imo.

[Wilmslowboy]

s2000db said:

This article appeared in Autocar yesterday, seems a reasonable state of play, imo..
https://www.autocar.co.uk/car-news/industry-news-s...

£205k loss on a 812 in 2 years

[av185]

Wilmslowboy said:

s2000db said:

This article appeared in Autocar yesterday, seems a reasonable state of play, imo..
https://www.autocar.co.uk/car-news/industry-news-s...

£205k loss on a 812 in 2 years

2018 car so 3 years old.

The first 812 TH sold had delivery mileage too whereas the 2018 car had 2k miles.

[Turbo cab]

Cheib said:

s2000db said:

This article appeared in Autocar yesterday, seems a reasonable state of play, imo..
https://www.autocar.co.uk/car-news/industry-news-s...

Thanks for posting,

Interesting point about the SUV’s like the Urus. I wonder how many people have bought one of them instead of a mid engined Ferrari or Lamborghini ? For some people say a 488 is a statement purchase rather because they want a mid engine V8 sports car (not a typical PH owner clearly !) ....maybe the Urus ticks that same box and can be used more.

Urus has done unbelievably well, we got rid of ours in December after two years ownership and 25k miles, which is starship territory with one of these and it lost £40k over the period on a part ex. I didn't think was too bad at all when you consider dealer mark up.

[Cheib]

Wilmslowboy said:

s2000db said:

This article appeared in Autocar yesterday, seems a reasonable state of play, imo..
https://www.autocar.co.uk/car-news/industry-news-s...

£205k loss on a 812 in 2 years

Anyone who was daft enough to pay a big premium for a V12 standard production Ferrari needs their head examining. I mean when have they ever done anything expect depreciate heavily ?

[Ferruccio]

Cheib said:

Wilmslowboy said:

s2000db said:

This article appeared in Autocar yesterday, seems a reasonable state of play, imo..
https://www.autocar.co.uk/car-news/industry-news-s...

£205k loss on a 812 in 2 years

Anyone who was daft enough to pay a big premium for a V12 standard production Ferrari needs their head examining. I mean when have they ever done anything expect depreciate heavily ?

They may not care.

[GT4RS]

Wilmslowboy said:

s2000db said:

This article appeared in Autocar yesterday, seems a reasonable state of play, imo..
https://www.autocar.co.uk/car-news/industry-news-s...

£205k loss on a 812 in 2 years

This doesn’t shock me, think of the poor chap who bought one. If the first 295k overs 991.1 gt3rs cars, if they still have it even with zero miles they will struggle to get a £130k trade bid on it.

Big loses are out there for many cars, just certain people choose to ignore it.

But as long as you drive it, how can you put a price on smiles per miles!

[Taffy66]

Anyone who is willing to happily pay substantial 'overs' to secure the latest greatest supercar is probably wealthy enough not to care about losses. Luckily i don't fall in that category but have still lost a heap of money over the years on cars.

[GT4RS]

I’m not sure Taffy, many have been caught up in the hype of free motoring and thinking there will always be a massive pool of buyers wanting the car they currently, if they come to sell.

How long can the manufactures carry on creating the hype for these supposedly rare cars when they keep churning out more and more numbers of each new halo model.

In my opinion production numbers are just to great nowadays. Use the gt3 as an example, there’s now thousands and thousands of them in the uk over a number of different generations and we all know the will try and make more 992 gt3 cars than ever before adding to the overall number of cars available.

When does it get to the point of over supply for these types of cars?