Will Corona effect the Supercar Market
Discussion
All asset prices are taking a severe kicking. Cars will not be different, there will effectively be no substantial bid in the market for luxury toys of any sort. Things are escalating very scarily fast with this virus, and it may be some considerable time before we come out the ther side. What the world looks like politicaly and economicaly once we do is any bodys guess at this point.
rival38 said:
All asset prices are taking a severe kicking. Cars will not be different, there will effectively be no substantial bid in the market for luxury toys of any sort. Things are escalating very scarily fast with this virus, and it may be some considerable time before we come out the ther side. What the world looks like politicaly and economicaly once we do is any bodys guess at this point.
looking at the way CV is going...….I wonder if the question should be how low can they go...….I think gone are the days of the £65k Sierra Cosworth
Gone are the days of the £100k Ferrari 355
The cars are still advertised at those prices now because the vendors haven’t changed their price but soon the advertised prices will drop
The smart dealer is the one that under prices his stock now and shifts it ASAP before he is left holding the stock
Well worth building up or having a cash reserve for that bargain
Gone are the days of the £100k Ferrari 355
The cars are still advertised at those prices now because the vendors haven’t changed their price but soon the advertised prices will drop
The smart dealer is the one that under prices his stock now and shifts it ASAP before he is left holding the stock
Well worth building up or having a cash reserve for that bargain
r23ves said:
jonah35 said:
I think you may all laugh but I do think a 30-45% fall is likely
I agree and while stock markets may recover reasonably quickly I don't think supercars will for a long time.Edited by r23ves on Thursday 12th March 22:06
cgt2 said:
av185 said:
They recovered very quickly after the 2008 crisis as anyone who sold at the time found out to their substantial cost buying back in.
I bought a 993 2S (last year of production, 1997 car) for £21k in 2013. I seem to recall it took a good 4 yearsmike01606 said:
I've just come off the phone with a colleague who was very negative about the impact of CV on the economy and generally everything....I was really surprised how far apart we were.
My view, still too early to tell. There needs to be some perspective applied and when it improves, which it will, we all need to help businesses survive and recover rather than look to government for all the answers. If that happens any effects should be transient and I will personally do everything I can, starting with my local pub tonight!
If I was in the market for a car I'd buy one and I'm actually looking for a relatively expensive motorhome at the moment without a second thought. How many years have we all got left whilst waiting for 'right market' to come along?
Yes agree. Tired of all these people waiting for an additional price drop. If you're selling there's 2 sides to the deal anyway.My view, still too early to tell. There needs to be some perspective applied and when it improves, which it will, we all need to help businesses survive and recover rather than look to government for all the answers. If that happens any effects should be transient and I will personally do everything I can, starting with my local pub tonight!
If I was in the market for a car I'd buy one and I'm actually looking for a relatively expensive motorhome at the moment without a second thought. How many years have we all got left whilst waiting for 'right market' to come along?
Someone said 'We're here for a good time not a long time.'
av185 said:
cgt2 said:
av185 said:
They recovered very quickly after the 2008 crisis as anyone who sold at the time found out to their substantial cost buying back in.
I bought a 993 2S (last year of production, 1997 car) for £21k in 2013. I seem to recall it took a good 4 yearsThat can’t happen in the same way this time.
Also supply has just kept going up and up.
Ferruccio said:
There was a structural change in interest rates and thus car financing deals.
That can’t happen in the same way this time.
Also supply has just kept going up and up.
It's also very evident that there are far less examples of a number of models registered in 2009-10-11 compared with the preceding few years and post 2012. How many 430's or 599's are on the market from 2009-10, even though their replacements were some way off. I bought several amazing cars throughout these years for crazy money, hence why it's very clear in my mind!That can’t happen in the same way this time.
Also supply has just kept going up and up.
andrew said:
PompeyReece said:
Raygun said:
Bar toilet paper, hand cleaner and food I'm guessing Coronavirus will affect all markets in the current situation.
...and Netflix, Durex and games consoles 
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