Supercar sales pre-covid vs today

Supercar sales pre-covid vs today

Author
Discussion

sparta6

1,784 posts

55 months

Tuesday 16th June
quotequote all
Cheib said:
sparta6 said:
The idea that many are panic selling doesn't seem to be the case.
They were when we were in full lock down....I know of a few cars that a specialist dealer sold...all SoR. Owners wanted out, dealer got bids. Cars changed hands.
No doubt there were a few.

It's also a reality that those who already own something tasty have been out enjoying them in the sunshine.


OSHB47

22 posts

5 months

Tuesday 16th June
quotequote all
I bought an R8 in February. When we went into lockdown I was concerned that I’d done the wrong thing, frankly now lockdown is over there still seems to be a market, so I don’t see a problem with the price I paid and can justify the cost.

My wife still hates me for buying it though 🙄

Matty3

641 posts

39 months

Tuesday 16th June
quotequote all
My Mac dealer sold 13 cars last week (mix of new and s/h). Someone seems to be buying.

Saweep

5,080 posts

141 months

Tuesday 16th June
quotequote all
BlackR8 said:
ferdi p said:
Ferruccio said:
Tom Hartley says that he’s never found it harder to buy cars.
No surprise...

In good times they bid so low its almost a slap in the face! I imagine the 'slap' is a 'punch' now...
Yes I have heard a couple of examples where they offer around 25% below what they retail for, thats some spread!
My Bentley dealer are advertising across all social media channels for cars. They've basically got no stock. I popped in earlier today for some repairs to my car and my man there was just selling a car they'd had in a day and not even advertised. Weirdly it's just Bentley not Lambos they're short of.

The thing is though...I want to get out of my 12 month Bentayga back into a Ferrari but the price Bentley want to buy my car is just insulting. Seems they want a 25k spread on it, which I think is excessive when they don't have any Bentaygas left in stock and will probably sell it in a couple of days.

So I, like lots of others, I think will just sit in a holding pattern for a while hoping the trade price doesn't accelerate even faster!

cayman-black

9,326 posts

171 months

Tuesday 16th June
quotequote all
That crazy, they need some stock yet still want to steal it off you, a more realistic offer would work for both surely.

Saweep

5,080 posts

141 months

Tuesday 16th June
quotequote all
cayman-black said:
That crazy, they need some stock yet still want to steal it off you, a more realistic offer would work for both surely.
You'd think.

Seems not.

supersport

3,022 posts

182 months

Tuesday 16th June
quotequote all
sparta6 said:
Cheib said:
sparta6 said:
The idea that many are panic selling doesn't seem to be the case.
They were when we were in full lock down....I know of a few cars that a specialist dealer sold...all SoR. Owners wanted out, dealer got bids. Cars changed hands.
No doubt there were a few.

It's also a reality that those who already own something tasty have been out enjoying them in the sunshine.
Absolutely, since I plan on actually using it, it will be worthless anyway.

PSB1

2,355 posts

59 months

Tuesday 16th June
quotequote all
PrancingHorses said:
Where is Ferrari on this list?
They make hot hatches, do they not?

Rari

61 posts

150 months

Tuesday 16th June
quotequote all
Saweep said:
My Bentley dealer are advertising across all social media channels for cars. They've basically got no stock. I popped in earlier today for some repairs to my car and my man there was just selling a car they'd had in a day and not even advertised. Weirdly it's just Bentley not Lambos they're short of.

The thing is though...I want to get out of my 12 month Bentayga back into a Ferrari but the price Bentley want to buy my car is just insulting. Seems they want a 25k spread on it, which I think is excessive when they don't have any Bentaygas left in stock and will probably sell it in a couple of days.

So I, like lots of others, I think will just sit in a holding pattern for a while hoping the trade price doesn't accelerate even faster!
SOR?

Saweep

5,080 posts

141 months

Tuesday 16th June
quotequote all
Rari said:
Saweep said:
My Bentley dealer are advertising across all social media channels for cars. They've basically got no stock. I popped in earlier today for some repairs to my car and my man there was just selling a car they'd had in a day and not even advertised. Weirdly it's just Bentley not Lambos they're short of.

The thing is though...I want to get out of my 12 month Bentayga back into a Ferrari but the price Bentley want to buy my car is just insulting. Seems they want a 25k spread on it, which I think is excessive when they don't have any Bentaygas left in stock and will probably sell it in a couple of days.

So I, like lots of others, I think will just sit in a holding pattern for a while hoping the trade price doesn't accelerate even faster!
SOR?
No, to buy. I'm quite impulsive. I'll have changed my mind by next week!

sparta6

1,784 posts

55 months

Tuesday 16th June
quotequote all
PSB1 said:
PrancingHorses said:
Where is Ferrari on this list?
They make hot hatches, do they not?
GTC4 Lusso could be considered a very hot hatch

Joscal

1,318 posts

155 months

Thursday 18th June
quotequote all
Crazy!

DeejRC

1,301 posts

37 months

Thursday 18th June
quotequote all
Far from being crazy, it’s bloody obvious!

£50k, year interest free holiday and then 2.5%.

Arguably it’s the best loan out there.

PompeyReece

Original Poster:

874 posts

44 months

Thursday 18th June
quotequote all
cgt2 said:
Thanks for posting. More evidence the super and sports car market is far from on its knees. Backs up the Autotrader figures too.

drcarrera

618 posts

180 months

Thursday 18th June
quotequote all
I'm obviously being naive here but these loans are to companies, not individuals, so how can they be used to buy supercars? I know a company could technically buy a supercar as a company car but surely the benefit in kind to the individual who drove it would be astronomical?

Saweep

5,080 posts

141 months

Thursday 18th June
quotequote all
I don't think the gov't care.

It's now in the economy sloshing about. Better that than sitting in an account waiting for an investment opportunity that may never come, as far as they're concerned I reckon.

A guy I know is using his ST BBL to buy a big chunk of a Gallardo.

Not sure I see the issue really as long as it gets paid back.

PompeyReece

Original Poster:

874 posts

44 months

Thursday 18th June
quotequote all
drcarrera said:
I'm obviously being naive here but these loans are to companies, not individuals, so how can they be used to buy supercars? I know a company could technically buy a supercar as a company car but surely the benefit in kind to the individual who drove it would be astronomical?
Not buying company cars - being used for larger deposits to reduce loans/monthly payments on the outstanding balance or afford more expensive cars normally out of financial reach.

Saweep

5,080 posts

141 months

Thursday 18th June
quotequote all
drcarrera said:
I'm obviously being naive here but these loans are to companies, not individuals, so how can they be used to buy supercars? I know a company could technically buy a supercar as a company car but surely the benefit in kind to the individual who drove it would be astronomical?
They're available to Sole Traders.

So no different to a personal bank loan really.

bigmowley

740 posts

131 months

Thursday 18th June
quotequote all
cgt2 said:
This is 100% for real. Gravy train at platform 3 sir. party