Will Corona effect the Supercar Market

Will Corona effect the Supercar Market

Author
Discussion

footsoldier

1,511 posts

144 months

Wednesday 25th March
quotequote all
IMI A said:
Good time to get out of a 991 GT2 RS. Timing impeccable wink
Willing buyer, willing seller... smile

IMI A

7,261 posts

153 months

Wednesday 25th March
quotequote all
footsoldier said:
IMI A said:
Good time to get out of a 991 GT2 RS. Timing impeccable wink
Willing buyer, willing seller... smile
Perfect!

dvb247

251 posts

150 months

Thursday 26th March
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Holly st you swapped cars!!! MASSIVE NO NO for COVID-19 TRANSMISSION

Kid A said:
Probably one of the advantages of me driving a more plebeian car (a 981S). I took advantage of the empty roads and took it for a punt last weekend. Had a nice girl come along who also owned a sports car and we swapped cars and had a great time. Will do the same this weekend. Cars don't transmit the virus so I don't see any health hazard from driving on the empty roads. Someone's got to!

Back on topic, if supercar prices come down then I'll definitely be on the look-out. I'm already in the used market for a 570S but prices have only been slow to change here in Australia - suspect that might change after 6 months of this. I've been keeping tabs on each model - there are only about 15 in the whole of the country on the used car market - and I'll email dealers for any examples that have been on the floor for 12+ months. Figure they will be desperate to sell at some stage.

andymc

6,411 posts

159 months

Thursday 26th March
quotequote all
dvb247 said:
Holly st you swapped cars!!! MASSIVE NO NO for COVID-19 TRANSMISSION

Kid A said:
Probably one of the advantages of me driving a more plebeian car (a 981S). I took advantage of the empty roads and took it for a punt last weekend. Had a nice girl come along who also owned a sports car and we swapped cars and had a great time. Will do the same this weekend. Cars don't transmit the virus so I don't see any health hazard from driving on the empty roads. Someone's got to!

Back on topic, if supercar prices come down then I'll definitely be on the look-out. I'm already in the used market for a 570S but prices have only been slow to change here in Australia - suspect that might change after 6 months of this. I've been keeping tabs on each model - there are only about 15 in the whole of the country on the used car market - and I'll email dealers for any examples that have been on the floor for 12+ months. Figure they will be desperate to sell at some stage.
its people that transmit the virus you tool

cgt2

1,454 posts

140 months

Thursday 26th March
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Nice girls can transmit diseases too...

Pioneer

964 posts

83 months

Thursday 26th March
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andymc said:
its people that transmit the virus you tool
Seriously?!

Van Dessel

25 posts

10 months

Friday 27th March
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Ferruccio said:
zedmtrappe said:
Bunty Killa said:
I work with a lot of Chinese and they're all saying everything is back to normal with full production
I would like to think that is true because if that is the case we could be through the worst of this in 3 months or so..

But... I have a good friend who has factories & business in China. I asked him yesterday how things were going over there as regards the economy and his reply was simply: ' I'm afraid you really wouldn't want to know..'
Yes, isn’t Wuhan still in lock down?
Remember this only started on 31.12.99. So we are only about 11 weeks in.
And the Chinese went first so really had to do all the learning.
Fun to look back into history. Should be done more often as this is why history repeats itself - people forget too fast.

One week on and look where we are now? Lockdown, Boris sick, Charles sick, record mortality, they're telling people not to complete on house transactions.

Will this 'effect' the market? Yes but as many have said it's case-by-case. This apparently unmolested example went for £50k which is what £10-15k below pre-Corona levels? https://collectingcars.com/for-sale/1993-lancia-de...

Was lingering around £28k for a number of days before the usual up-bidding. Will be interesting to watch the F12 and 550 also on auction in the coming days.

Andyoz

607 posts

6 months

Saturday 28th March
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I wonder if some lads that previously had second car 'toys' in the £60k+ range will be now more active in the sub £30 range. Lots of good buys to be had there in future. It's just easier to justify a car of value in the garage as the weekend toy if we are into a drawn out recession.

markst

Original Poster:

194 posts

117 months

Saturday 28th March
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Andyoz said:
I wonder if some lads that previously had second car 'toys' in the £60k+ range will be now more active in the sub £30 range. Lots of good buys to be had there in future. It's just easier to justify a car of value in the garage as the weekend toy if we are into a drawn out recession.
probably...…….that's if they can afford a toy at all.

the market got so frothy it was silly, ….don't really want to see a crash, but a 30% drop has me buying one again.....bored with my 718 which I bought as a stop gap 3 years ago.

70k for a 458....a good one,....yes I can see it....







Zero7

263 posts

135 months

Saturday 28th March
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Honda NSX, prices seem to have dropped a lot

carspath

572 posts

129 months

Saturday 28th March
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Zero7 - yes , now Gallardo prices also seem to be dropping

Raygun

3,202 posts

72 months

Sunday 29th March
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Lots of wishful thinking and jealousy on this thread me thinks, with people's hoping and wishing the collapse of the luxury car market.

Taffy66

3,510 posts

54 months

Sunday 29th March
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Raygun said:
Lots of wishful thinking and jealousy on this thread me thinks, with people's hoping and wishing the collapse of the luxury car market.
I agree..Pretty sickening actually.

andrew

8,937 posts

144 months

Sunday 29th March
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Taffy66 said:
Raygun said:
Lots of wishful thinking and jealousy on this thread me thinks, with people's hoping and wishing the collapse of the luxury car market.
I agree..Pretty sickening actually.
+100%

IMI A

7,261 posts

153 months

Sunday 29th March
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Jealousy on PH? Never!


zedmtrappe

87 posts

48 months

Sunday 29th March
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Raygun said:
Lots of wishful thinking and jealousy on this thread me thinks, with people's hoping and wishing the collapse of the luxury car market.
I disagree - it's just people addressing the inevitable...

And I'm coming from the position of a Gallardo owner who nearly sold 3 weeks ago at quite a discount - and am now looking at the prospect of my car being worth considerably less than it was 1 month ago.

It is what it is, and no amount of wishing or hoping is going to change it.


Kid A

50 posts

16 months

Sunday 29th March
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It's not jealousy. I'm happy for anyone who buys a car that he or she is happy with. I am buying my next car for myself, not anyone else. That said, the price is an important component of buying a car. Iif economic conditions conspire to make the car $170,000 instead of $210,000 then I'll snap that up. If they don't, I won't. I will probably just pay the higher market price. I sure as hell won't say no to a discount though, based on market fluctuations, and it's no more a personal issue than discussing the fall (or rise) of the share market or investment properties.

rdbrooksie

106 posts

119 months

Sunday 29th March
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I sold my Countach 7 years or so ago and regretted it ever since. So from a selfish point of view I would love the prices to 'correct' down as if they did, I could then afford to buy one once again, together with a 328GTS which I am also looking out for. So, if there is anyone out there who needs to sell, ping me a message......

markst

Original Poster:

194 posts

117 months

Sunday 29th March
quotequote all
somewhere in this thread it mentioned the number of Ferraris for sale on Autotrader...…..it was @922, which in itself was an increase....I've been watching, it went up to 940, and is now 966......be over 1000 shortly, lockdown aside.

but my money is on a huge increase in this as soon as this is over as people head for the exit.....

the-photographer

1,467 posts

128 months

Sunday 29th March
quotequote all
markst said:
somewhere in this thread it mentioned the number of Ferraris for sale on Autotrader...…..it was @922, which in itself was an increase....I've been watching, it went up to 940, and is now 966......be over 1000 shortly, lockdown aside.

but my money is on a huge increase in this as soon as this is over as people head for the exit.....
I posted this on the other thread this morning, in response to the increasing number of cars being produced

https://www.howmanyleft.co.uk

No data for 355, its aggregated into "missing" 4000 cars

458 = 1350
488 = 1400
Cal = 1400
812 = 300 (!!!)

570 = 800