Will Corona effect the Supercar Market

Will Corona effect the Supercar Market

Author
Discussion

Wilmslowboy

4,214 posts

207 months

Wednesday 10th February 2021
quotequote all
av185 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 eek
2018 car so 3 years old.

The first 812 TH sold had delivery mileage too whereas the 2018 car had 2k miles.
Ahh I see, only £100 a mile then, not too bad biggrin

Jules360

1,949 posts

203 months

Wednesday 10th February 2021
quotequote all
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.
I'm not sure many buyers see the Urus as an alternative to a 488, unless of course they just want to tell the boys down the pub they have a Lambo, which is perhaps your point.

We got one (against my better judgement) late last year. Totally changed my mind about the thing - it's a fantastic car, quick, fun to drive and the technology is incredible, probably because it's Audi.

Still prefer to drive my G63 though.



Taffy66

5,964 posts

103 months

Wednesday 10th February 2021
quotequote all
GT4RS said:
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?
I agree that the time to but normal new Ferraris and Porsches at full list just to up their chances to get a supposedly special rare model are well and truly over. As a Ferrari and Porsche owner i'm well aware how much more sense it makes to allow someone else to buy new and pick up bargains at four year old. I paid £100k less then new cost for my high spec four year old 488 with only 6.5k miles last July. I'm looking for an 812SF but will only buy when i find my ideal spec at about £120k less the new. I think a lot of other potential buyers will have the same idea moving forward which makes you wonder who will buy all the new Ferraris in the first place.

av185

18,514 posts

128 months

Wednesday 10th February 2021
quotequote all
GT4RS said:
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.

Think you'll find a delivery mileage 2015 2016 RS will still sell for mid £150ks. Hartley junior sold ex Hammonds 10k miler for £150k last summer.

Again you are not comparing like with like.

If someone wants to pay stupid premiums for the first flipped cars thats their call.

Quite remarkable that even 5+ year old average mileage GT3 RS are still selling over list ££. Owners must be well pissed off at that lol. rolleyes


av185

18,514 posts

128 months

Wednesday 10th February 2021
quotequote all
GT4RS said:
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?
There are more 458s than 991.1 GT3 and 991.2 GT3 combined in the UK.

garystoybox

780 posts

118 months

Wednesday 10th February 2021
quotequote all
Taffy66 said:
I agree that the time to but normal new Ferraris and Porsches at full list just to up their chances to get a supposedly special rare model are well and truly over. As a Ferrari and Porsche owner i'm well aware how much more sense it makes to allow someone else to buy new and pick up bargains at four year old. I paid £100k less then new cost for my high spec four year old 488 with only 6.5k miles last July. I'm looking for an 812SF but will only buy when i find my ideal spec at about £120k less the new. I think a lot of other potential buyers will have the same idea moving forward which makes you wonder who will buy all the new Ferraris in the first place.
Couldn't agree more (at least in the UK anyway)... I’m also looking for an 812 and was speaking to my usual dealer last week asking them to keep an eye out for any which meet my spec coming to the market. The call quickly turned into them trying to talk me into a new 812 GTS with short delivery promise. Seems like order books are light and delivery times much shorter than ever. Good news was that it seems nearly all of the 812 GTS deliveries are met by 812 trade in’s so prices likely to only go one way as even more cars come to the market.

With regards to spec, I’m seriously thinking of buying a car with as little carbon as possible and go as classic V12 spec as I can. However, hard to look past the heavenly spec, carbon riddled 812’s at not much more. No rush anyway and also want to drive a GTC4 before I pull the trigger.

650spider

1,476 posts

172 months

Wednesday 10th February 2021
quotequote all
GT4RS said:
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?
I agree.

A few youtubers with their own channels dived in and bought TDF's at vast overs assuming the bubble would not burst.

Both recently tried to sell but have found a market only will to pay between £150-200k less than they paid; turns out the both did not find buyers even at that.

The market has vastly changed and continues to do so.

The market is saturated with cars with nowhere near enough buyers.

Problem shall increase in spring when people always list after winter and more come onto the market.

Great time currently if you are a buyer.


Cheib

23,274 posts

176 months

Wednesday 10th February 2021
quotequote all
garystoybox said:
Taffy66 said:
I agree that the time to but normal new Ferraris and Porsches at full list just to up their chances to get a supposedly special rare model are well and truly over. As a Ferrari and Porsche owner i'm well aware how much more sense it makes to allow someone else to buy new and pick up bargains at four year old. I paid £100k less then new cost for my high spec four year old 488 with only 6.5k miles last July. I'm looking for an 812SF but will only buy when i find my ideal spec at about £120k less the new. I think a lot of other potential buyers will have the same idea moving forward which makes you wonder who will buy all the new Ferraris in the first place.
Couldn't agree more (at least in the UK anyway)... I’m also looking for an 812 and was speaking to my usual dealer last week asking them to keep an eye out for any which meet my spec coming to the market. The call quickly turned into them trying to talk me into a new 812 GTS with short delivery promise. Seems like order books are light and delivery times much shorter than ever. Good news was that it seems nearly all of the 812 GTS deliveries are met by 812 trade in’s so prices likely to only go one way as even more cars come to the market.

With regards to spec, I’m seriously thinking of buying a car with as little carbon as possible and go as classic V12 spec as I can. However, hard to look past the heavenly spec, carbon riddled 812’s at not much more. No rush anyway and also want to drive a GTC4 before I pull the trigger.
I enquired about 812 GTS last winter having never bought a Ferrari....didn’t even get acknowledged. Was recently offered a build slot. Having just bought a different car it wasn’t for me. The idea of owning an open top V12 Ferrari remains very tempting !

av185

18,514 posts

128 months

Wednesday 10th February 2021
quotequote all
Cheib said:
I enquired about 812 GTS last winter having never bought a Ferrari....didn’t even get acknowledged. Was recently offered a build slot. Having just bought a different car it wasn’t for me. The idea of owning an open top V12 Ferrari remains very tempting !
Agree C though not quite as tempting as a £225k Pista this Autumn.

Saweep

6,600 posts

187 months

Wednesday 10th February 2021
quotequote all
After nothing much happening stock wise since Xmas, it seems my local Bentley/Lambo dealer have shifted a fair few cars this week.

For what it's worth.

Louis Balfour

26,304 posts

223 months

Wednesday 10th February 2021
quotequote all
Saweep said:
After nothing much happening stock wise since Xmas, it seems my local Bentley/Lambo dealer have shifted a fair few cars this week.

For what it's worth.
I keep an eye on Continental Gen 2 facelift cars and they appear to be price-wise exactly where they were before lockdown 1. That's a year ago now, give or take. Low mileage convertibles seem to be selling very quickly.

It was about this time last year that I was trying to buy one from your local main dealer. Unsuccessfully.

Edited by Louis Balfour on Wednesday 10th February 17:51

galtezza

441 posts

184 months

Wednesday 10th February 2021
quotequote all
Louis Balfour said:
Saweep said:
After nothing much happening stock wise since Xmas, it seems my local Bentley/Lambo dealer have shifted a fair few cars this week.

For what it's worth.
I keep an eye on Continental Gen 2 facelift cars and they appear to be price-wise exactly where they were before lockdown 1. That's a year ago now, give or take. Low mileage convertibles seem to be selling very quickly.

It was about this time last year that I was trying to buy one from your local main dealer. Unsuccessfully.

Edited by Louis Balfour on Wednesday 10th February 17:51
Yep, Gen 3s pretty much the same story..

Saweep

6,600 posts

187 months

Wednesday 10th February 2021
quotequote all
galtezza said:
Louis Balfour said:
Saweep said:
After nothing much happening stock wise since Xmas, it seems my local Bentley/Lambo dealer have shifted a fair few cars this week.

For what it's worth.
I keep an eye on Continental Gen 2 facelift cars and they appear to be price-wise exactly where they were before lockdown 1. That's a year ago now, give or take. Low mileage convertibles seem to be selling very quickly.

It was about this time last year that I was trying to buy one from your local main dealer. Unsuccessfully.

Edited by Louis Balfour on Wednesday 10th February 17:51
Yep, Gen 3s pretty much the same story..
What's interesting is that they seem to have sold 2/3 bentaygas and an Urus in the last 24 hours.

And a couple of Gen2.2 cabs in the last few days.

MDL111

6,973 posts

178 months

Wednesday 10th February 2021
quotequote all
Cheib said:
garystoybox said:
Taffy66 said:
I agree that the time to but normal new Ferraris and Porsches at full list just to up their chances to get a supposedly special rare model are well and truly over. As a Ferrari and Porsche owner i'm well aware how much more sense it makes to allow someone else to buy new and pick up bargains at four year old. I paid £100k less then new cost for my high spec four year old 488 with only 6.5k miles last July. I'm looking for an 812SF but will only buy when i find my ideal spec at about £120k less the new. I think a lot of other potential buyers will have the same idea moving forward which makes you wonder who will buy all the new Ferraris in the first place.
Couldn't agree more (at least in the UK anyway)... I’m also looking for an 812 and was speaking to my usual dealer last week asking them to keep an eye out for any which meet my spec coming to the market. The call quickly turned into them trying to talk me into a new 812 GTS with short delivery promise. Seems like order books are light and delivery times much shorter than ever. Good news was that it seems nearly all of the 812 GTS deliveries are met by 812 trade in’s so prices likely to only go one way as even more cars come to the market.

With regards to spec, I’m seriously thinking of buying a car with as little carbon as possible and go as classic V12 spec as I can. However, hard to look past the heavenly spec, carbon riddled 812’s at not much more. No rush anyway and also want to drive a GTC4 before I pull the trigger.
I enquired about 812 GTS last winter having never bought a Ferrari....didn’t even get acknowledged. Was recently offered a build slot. Having just bought a different car it wasn’t for me. The idea of owning an open top V12 Ferrari remains very tempting !
I‘d suggest a 550 Barchetta then - manual, true convertible and a very rare car by today’s standards. I suspect it will be more fun to drive than a 800 hp car

Saweep

6,600 posts

187 months

Wednesday 10th February 2021
quotequote all
MDL111 said:
Cheib said:
garystoybox said:
Taffy66 said:
I agree that the time to but normal new Ferraris and Porsches at full list just to up their chances to get a supposedly special rare model are well and truly over. As a Ferrari and Porsche owner i'm well aware how much more sense it makes to allow someone else to buy new and pick up bargains at four year old. I paid £100k less then new cost for my high spec four year old 488 with only 6.5k miles last July. I'm looking for an 812SF but will only buy when i find my ideal spec at about £120k less the new. I think a lot of other potential buyers will have the same idea moving forward which makes you wonder who will buy all the new Ferraris in the first place.
Couldn't agree more (at least in the UK anyway)... I’m also looking for an 812 and was speaking to my usual dealer last week asking them to keep an eye out for any which meet my spec coming to the market. The call quickly turned into them trying to talk me into a new 812 GTS with short delivery promise. Seems like order books are light and delivery times much shorter than ever. Good news was that it seems nearly all of the 812 GTS deliveries are met by 812 trade in’s so prices likely to only go one way as even more cars come to the market.

With regards to spec, I’m seriously thinking of buying a car with as little carbon as possible and go as classic V12 spec as I can. However, hard to look past the heavenly spec, carbon riddled 812’s at not much more. No rush anyway and also want to drive a GTC4 before I pull the trigger.
I enquired about 812 GTS last winter having never bought a Ferrari....didn’t even get acknowledged. Was recently offered a build slot. Having just bought a different car it wasn’t for me. The idea of owning an open top V12 Ferrari remains very tempting !
I‘d suggest a 550 Barchetta then - manual, true convertible and a very rare car by today’s standards. I suspect it will be more fun to drive than a 800 hp car
I remember seeing one of those for the first time circa 2003 as a teenager in Majorca. Looked majestic.

Not sure I've seen one since tbh!

Cheib

23,274 posts

176 months

Wednesday 10th February 2021
quotequote all
MDL111 said:
I‘d suggest a 550 Barchetta then - manual, true convertible and a very rare car by today’s standards. I suspect it will be more fun to drive than a 800 hp car
Yes, I thought about that but need to defer for a while having bought a car in Dec. SWMBO will have kittens if I buy another car so soon....

Louis Balfour

26,304 posts

223 months

Wednesday 10th February 2021
quotequote all
Saweep said:
galtezza said:
Louis Balfour said:
Saweep said:
After nothing much happening stock wise since Xmas, it seems my local Bentley/Lambo dealer have shifted a fair few cars this week.

For what it's worth.
I keep an eye on Continental Gen 2 facelift cars and they appear to be price-wise exactly where they were before lockdown 1. That's a year ago now, give or take. Low mileage convertibles seem to be selling very quickly.

It was about this time last year that I was trying to buy one from your local main dealer. Unsuccessfully.

Edited by Louis Balfour on Wednesday 10th February 17:51
Yep, Gen 3s pretty much the same story..
What's interesting is that they seem to have sold 2/3 bentaygas and an Urus in the last 24 hours.

And a couple of Gen2.2 cabs in the last few days.
You spend an unhealthy amount of time there Saweep. You aren't staff are you? biggrin



Turbo cab

1,601 posts

233 months

Wednesday 10th February 2021
quotequote all
When I was looking for a Gt2RS a month ago there were 9 or so RHD cars for sale.

There are now none, so these are definitely moving.

5050

284 posts

147 months

Wednesday 10th February 2021
quotequote all
garystoybox said:
Couldn't agree more (at least in the UK anyway)... I’m also looking for an 812 and was speaking to my usual dealer last week asking them to keep an eye out for any which meet my spec coming to the market. The call quickly turned into them trying to talk me into a new 812 GTS with short delivery promise. Seems like order books are light and delivery times much shorter than ever. Good news was that it seems nearly all of the 812 GTS deliveries are met by 812 trade in’s so prices likely to only go one way as even more cars come to the market.

With regards to spec, I’m seriously thinking of buying a car with as little carbon as possible and go as classic V12 spec as I can. However, hard to look past the heavenly spec, carbon riddled 812’s at not much more. No rush anyway and also want to drive a GTC4 before I pull the trigger.
Likewise I’m looking for an 812 in the right spec and am tempted by all the carbon but ultimately don’t see the point. I also need to try a GT4C, I have a feeling it will be a whole lot more usable with UK weather and a chunk cheaper than the 812 to buy too! Shame there are so few black GT4C’s around..

Saweep

6,600 posts

187 months

Wednesday 10th February 2021
quotequote all
Louis Balfour said:
Saweep said:
galtezza said:
Louis Balfour said:
Saweep said:
After nothing much happening stock wise since Xmas, it seems my local Bentley/Lambo dealer have shifted a fair few cars this week.

For what it's worth.
I keep an eye on Continental Gen 2 facelift cars and they appear to be price-wise exactly where they were before lockdown 1. That's a year ago now, give or take. Low mileage convertibles seem to be selling very quickly.

It was about this time last year that I was trying to buy one from your local main dealer. Unsuccessfully.

Edited by Louis Balfour on Wednesday 10th February 17:51
Yep, Gen 3s pretty much the same story..
What's interesting is that they seem to have sold 2/3 bentaygas and an Urus in the last 24 hours.

And a couple of Gen2.2 cabs in the last few days.
You spend an unhealthy amount of time there Saweep. You aren't staff are you? biggrin
There's this amazing thing called Autotrader biggrin