Will Corona effect the Supercar Market

Will Corona effect the Supercar Market

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Discussion

Petrus1983

4,769 posts

126 months

Monday 1st June 2020
quotequote all
SSO said:
Petrus1983 said:
I’m hearing about some very strong sales in the 2nd hand supercar market today.
I just posted an article updating Aston, Ferrari, and McLaren's business results and situation. It's not at all pretty.
That’s the overall businesses- I said 2nd hand and so far have seen a Senna and a 918 leave the market at strong prices today.

PompeyReece

1,106 posts

53 months

Monday 1st June 2020
quotequote all
SSO said:
I just posted an article updating Aston, Ferrari, and McLaren's business results and situation. It's not at all pretty.
Thanks, a very interesting and informative read.

Cheib

20,193 posts

139 months

Monday 1st June 2020
quotequote all
Petrus1983 said:
I’m hearing about some very strong sales in the 2nd hand supercar market today.
Care to share any more detail ?

f1ten

1,962 posts

117 months

Monday 1st June 2020
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Romans said they sold a senna today. Didn't say the price though

Pvapour

8,981 posts

217 months

Tuesday 2nd June 2020
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I think there’ll be a fair few impulse, treat myself purchases to start with by people who dont have money concerns, theres 2-3 months of summer fun to be had and lifes too short, after that period its going to get dodgy, especially when the 2nd wave comes.

Cheib

20,193 posts

139 months

Tuesday 2nd June 2020
quotequote all
Just read a comment from a representative of one of the major dealer groups in The Times...citing that their LR dealership in Hatfield sold four cars yesterday but apparently in Europe things have tailed off again after an initial busy few days.

BlackR8

360 posts

41 months

Tuesday 2nd June 2020
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so many mixed messages on this thread, and the same with the one in the general section. One minute its all gone down the toilet and everything is worth 2p right down to prices have not moved from pre-covid and sensible priced exotics are selling and selling well confused


So

20,996 posts

186 months

Tuesday 2nd June 2020
quotequote all

Spoken to several high end dealers in the last couple of days. It seems that pent-up demand is releasing itself upon a relatively small number of cars and they are selling well.

I wonder whether the same will be true in October.

davek_964

7,405 posts

139 months

Tuesday 2nd June 2020
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I intended to put my 360 up for sale as soon as it was serviced in March, but didn't bother due to lockdown.
However, I know of a McLaren that sold in the last week or so and a few other posts make me think that maybe cars are selling after all. Seems I really should make the effort to put an advert together.

So

20,996 posts

186 months

Tuesday 2nd June 2020
quotequote all
davek_964 said:
I intended to put my 360 up for sale as soon as it was serviced in March, but didn't bother due to lockdown.
However, I know of a McLaren that sold in the last week or so and a few other posts make me think that maybe cars are selling after all. Seems I really should make the effort to put an advert together.
I'd do it now. I don't think it will last.

Calculator

705 posts

179 months

Tuesday 2nd June 2020
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Why?

SSO

1,069 posts

155 months

Tuesday 2nd June 2020
quotequote all
PompeyReece said:
SSO said:
I just posted an article updating Aston, Ferrari, and McLaren's business results and situation. It's not at all pretty.
Thanks, a very interesting and informative read.
Much appreciated.

JulierPass

619 posts

194 months

Tuesday 2nd June 2020
quotequote all
So said:
Spoken to several high end dealers in the last couple of days. It seems that pent-up demand is releasing itself upon a relatively small number of cars and they are selling well.

I wonder whether the same will be true in October.
I can well believe that. There are a minority of people who a very well insulated form all this and still want a new toy to add to the collection to use for the remainder of the summer. However, the vast majority who buy on finance are starting to feel the pain. GFV's are down the toilet already and that means monthly payments have shot up on new purchases, unless dealers respond to this buy reducing stock by circa 10 to 15% the 75K to 250K super car market will stagnate.

Saweep

5,811 posts

150 months

Tuesday 2nd June 2020
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I've been trying to get back into another Ferrari for the last few days.

My Bentley has just been decimated. Trade bids 20k less than pre lockdown. It's making paying non adjusted list a bitter pill to swallow and I don't think I can stomach it.

The dealers all seem super busy though tbh.

Regy53

154 posts

95 months

Tuesday 2nd June 2020
quotequote all
Saweep said:
I've been trying to get back into another Ferrari for the last few days.

My Bentley has just been decimated. Trade bids 20k less than pre lockdown. It's making paying non adjusted list a bitter pill to swallow and I don't think I can stomach it.

The dealers all seem super busy though tbh.
are they using covid and market conditions as a reason?

So

20,996 posts

186 months

Tuesday 2nd June 2020
quotequote all
Saweep said:
I've been trying to get back into another Ferrari for the last few days.

My Bentley has just been decimated. Trade bids 20k less than pre lockdown. It's making paying non adjusted list a bitter pill to swallow and I don't think I can stomach it.

The dealers all seem super busy though tbh.
Bentayga no? They seem to be doing a brisk trade in GTCs and I am sure paying good money for them.

Perhaps put it with an agent?

markst

Original Poster:

231 posts

129 months

Tuesday 2nd June 2020
quotequote all
So said:
davek_964 said:
I intended to put my 360 up for sale as soon as it was serviced in March, but didn't bother due to lockdown.
However, I know of a McLaren that sold in the last week or so and a few other posts make me think that maybe cars are selling after all. Seems I really should make the effort to put an advert together.
I'd do it now. I don't think it will last.
I hate to say it....but I agree, if you are going to try and sell its now - still early summer, the weathers great, not that many people have really grasped whats happened and the governments throwing money around.

...I want another Ferrari , but i'm sitting it out until October …..they wont be going up and the risk is all to the downside.


davek_964

7,405 posts

139 months

Tuesday 2nd June 2020
quotequote all
markst said:
So said:
davek_964 said:
I intended to put my 360 up for sale as soon as it was serviced in March, but didn't bother due to lockdown.
However, I know of a McLaren that sold in the last week or so and a few other posts make me think that maybe cars are selling after all. Seems I really should make the effort to put an advert together.
I'd do it now. I don't think it will last.
I hate to say it....but I agree, if you are going to try and sell its now - still early summer, the weathers great, not that many people have really grasped whats happened and the governments throwing money around.

...I want another Ferrari , but i'm sitting it out until October …..they wont be going up and the risk is all to the downside.
I stuck it up for sale this afternoon. Costs very little to advertise so apart from the inevitable time wasters, there seemed to be no reason to stop me trying.
It will sell or it won't.

SFTWend

287 posts

39 months

Tuesday 2nd June 2020
quotequote all
davek_964 said:
I stuck it up for sale this afternoon. Costs very little to advertise so apart from the inevitable time wasters, there seemed to be no reason to stop me trying.
It will sell or it won't.
It will probably sell for more if you put it on Collecting Cars