Are supercars rising in value?

[yzr500]

cgt2 said:

Interesting that Testarossas were fairly static for years and even in recent years haven't increased much comparative to other cars whilst Countach have at least quadrupled from the early 2000's.

For decades the price of both were fairly evenly matched and many people chose one or the other whereas these days one wouldn't consider a Countach as a price equivalent to a Testa.

Back in 1999 I sold my countach for £30k and purchased a Testarossa for £33k still consider that a good move, loved that car for 11 years you could jump in and drive anywhere ,not so with the Countach you really needed to be in good frame of mind to enjoy ?

[rat rod]

Fezzamania said:

Pioneer said:

Bought a 570S Spider in March and have just been offered £14k more than I paid for it. I thought it still had some way to go back then. I suspect they'll rise a bit more before they return to normal

Thsts a massive rise in 3 months including dealer margin.
So its not worth 50p like all the doom mongers would of no doubt lead you to believe.
From my research if you buy a McLaren 2nd hand and not at new list price the depreciation is no different than its rivals who don't tend to discount much from list in first place.
Prices for pretty much everything seems to be going up so god knows what the true rate of inflation is at the moment. Some businesses have never been so profitable whilst others live on the edge

A very dear friend who owns a surf shop had the best year yet and judging by this year so far is going to be a repeat if not better,

Having what he called a 5 month business he had to make as much as possible to cover the other quiet 7 winter months, Last year with

people wanting to do out door activities he's remained busy throughout the year,Like cars he's now having trouble getting stock

from his suppliers their warehouses being depleted , Not a super car i know but he has just treated himself to his dream car a

1950's American Ford Woody Wagon for promotional purposes for his shop and cruising to the beach with his period 50's surf boards on

board, Nice to hear that something good has come out of all this but feel for others that have lost business's or struggling to stay afloat.

Edited by rat rod on Wednesday 2nd June 00:18

[cgt2]

yzr500 said:

Back in 1999 I sold my countach for £30k and purchased a Testarossa for £33k still consider that a good move, loved that car for 11 years you could jump in and drive anywhere ,not so with the Countach you really needed to be in good frame of mind to enjoy ?

Agreed, very different in character and I know a couple of guys that have owned both (as Harry does now).

[Kyodo]

rat rod said:

I received a flyer in the post the other day from Maranello's saying that they urgently require low mileage cars

and if i was thinking about selling get in touch with them,That must be the first time ever they have done this,

No, I've seen that several times before.

[rat rod]

Kyodo said:

rat rod said:

I received a flyer in the post the other day from Maranello's saying that they urgently require low mileage cars

and if i was thinking about selling get in touch with them,That must be the first time ever they have done this,

No, I've seen that several times before.

Been dealing with Maranello's since the early 80's and they up to now have never approached me to

buy a car back unless in p/ex, Received a text from them today so they are trying hard to purchase stock,

Also never been approached by other high end garages that i have dealt with in the past,not saying i have never

sold a car back to a dealer ,If other dealers have been doing this for a while they are well switched on ,

Must be to many dealers chasing to fewer good cars at the moment.

[TurboTerrific9]

rat rod said:

Kyodo said:

rat rod said:

I received a flyer in the post the other day from Maranello's saying that they urgently require low mileage cars

and if i was thinking about selling get in touch with them,That must be the first time ever they have done this,

No, I've seen that several times before.

Been dealing with Maranello's since the early 80's and they up to now have never approached me to

buy a car back unless in p/ex, Received a text from them today so they are trying hard to purchase stock,

Also never been approached by other high end garages that i have dealt with in the past,not saying i have never

sold a car back to a dealer ,If other dealers have been doing this for a while they are well switched on ,

Must be to many dealers chasing to fewer good cars at the moment.

Guys, take a step back. This is a familiar high-end car dealers approach.
I want to buy your car. You then call them, comfortable in the belief that they are gonna bid you a nice price for the car. They then give many arguments for your car not being exactly what they want. Or even they state that things are not really flying out the door at that point. Either way they have just got a lot of intelligence out of you. They now know that you're interested in selling, and maybe you might be more persuadable than others. Even if it results in nothing for them, it's great info that they use to understand market dynamics.

[rat rod]

TurboTerrific9 said:

Guys, take a step back. This is a familiar high-end car dealers approach.
I want to buy your car. You then call them, comfortable in the belief that they are gonna bid you a nice price for the car. They then give many arguments for your car not being exactly what they want. Or even they state that things are not really flying out the door at that point. Either way they have just got a lot of intelligence out of you. They now know that you're interested in selling, and maybe you might be more persuadable than others. Even if it results in nothing for them, it's great info that they use to understand market dynamics.

Yes you have a good point ,it is a good way of getting your attention for sure,

I also think that a company like Maranello's although now corporate wouldn't go to the trouble of printing and sending flyers

out and then also texting me,They know my car inside out and has only covered less than 100 miles since having a full service there.

If low mileage used Ferrari's are not being p/ex against new ones and with to many dealers chasing to fewer cars this must be a good

way getting the custumersattention if they are thinking of selling.

[bennno]

I bought a 540c as we came out of first lockdown from a main dealer, sold it to a specialist dealer 4K miles later for £4K more.

£1 mile appreciation...... they then stuck another 6k on top.

[Cheib]

rat rod said:

TurboTerrific9 said:

Guys, take a step back. This is a familiar high-end car dealers approach.
I want to buy your car. You then call them, comfortable in the belief that they are gonna bid you a nice price for the car. They then give many arguments for your car not being exactly what they want. Or even they state that things are not really flying out the door at that point. Either way they have just got a lot of intelligence out of you. They now know that you're interested in selling, and maybe you might be more persuadable than others. Even if it results in nothing for them, it's great info that they use to understand market dynamics.

Yes you have a good point ,it is a good way of getting your attention for sure,

I also think that a company like Maranello's although now corporate wouldn't go to the trouble of printing and sending flyers

out and then also texting me,They know my car inside out and has only covered less than 100 miles since having a full service there.

If low mileage used Ferrari's are not being p/ex against new ones and with to many dealers chasing to fewer cars this must be a good

way getting the custumersattention if they are thinking of selling.

I think your point about them now being part of Sytner is the key one....Maranello will be taking orders from on high as well as buying cars as part of their own stock policy. As a corporate with all the high end brands in their portfolio they will have a better idea than most about where they think prices are going. The buyers report centrally rather then to the individual dealers.

[Camlet]

TP321 said:

Lots of stories in the press at present about car shortages and rising prices. One report cited an example of an Aston Vanquish which has risen by £13k...anyone got any experience of this or is it just hype?

Depends on which ''supercar''. F50s for example are accelerating north from an already strong uplift in recent years.

Recent supercars, even those limited edition (which now every oem is doing with increasing frequency) are more expensive new fully optioned and have very soft residuals.

Older more mainstream classics which have already seen steep dives in their residuals might see a small uptick as they offer good value - for mint examples though. Wouldn't personally touch any without an inspection from a trusted, qualified technician.

[Fezzamania]

Any views on McLaren 675LT spider values .
I'm looking at mo and not much on market to choose from but at least values seem stable and not shooting up yet

[Northernboy]

TP321 said:

Lots of stories in the press at present about car shortages and rising prices. One report cited an example of an Aston Vanquish which has risen by £13k...anyone got any experience of this or is it just hype?

Cars the same spec as my McLaren 650s are now offered for £10-20k more than I paid for mine in the autumn, suggesting that selling price us £5-15k more.

[MDL111]

I don’t think they are on the rise (at least not the ones I own), but will still put up my Scuderia for sale very soon - so will be interesting to see if anybody wants to buy it. Happy to contribute data once I have it.

[red_slr]

I have seen a c.10% rise in the 355 market in the last year.
FWIW.

[donutskidmark]

Cheib said:

991.2 GT3’s are up £20k since Jan and do appear to be selling....very few on the market. Weirdly GT3 RS’s haven’t moved.

A few months back I was looking at a lizard green 991.2 GT3RS which was for sale at an OPC for £172,000……it sold after 3 or 4 weeks.
More recently the same OPC salesman told me that despite having trouble shifting that car for £172k they were now having trouble actually buying in the same car for stock at £172,000.

I’ve seen one or two similar spec RS sell recently for £180k + ………
So this would imply that the RS has crept up in value recently- by about 10 grand

Cambridge OPC had a racing yellow Weissach RS listed at £210k a fortnight ago-
It then went up to 213k a few days later before selling recently….

[Minnsy14]

Not exactly a supercar but certainly mainstream sports car... I enquired with a BMW main dealer yesterday to see if they would be interested in buying my M4 30 Jahre Edition convertible. Immaculate car with only 1600 miles and owned from new.

The dealer advised me that they wouldn't want to take a risk on my car as they can see the market shifting back in the other direction and they were starting to see stock saturation again in the used car market. Go figure...

The way the hype has been broadcast i would have thought they would bite my arm off for such a car, but clearly not they were extremely hesitant to say the least. Wouldn't even make any kind of offer!

[dmahon]

My friend just sold a Vantage to WBAC. Not sure of the details but he was offered well under purchase price 2 years ago and sold for purchase price this week.

I’ve thought about trading mine in, but I think it’ll be the last V8 I have. I’ll put another year or two on it then swap it for something Greta would approve of.

[dmahon]

Minnsy14 said:

Not exactly a supercar but certainly mainstream sports car... I enquired with a BMW main dealer yesterday to see if they would be interested in buying my M4 30 Jahre Edition convertible. Immaculate car with only 1600 miles and owned from new.

The dealer advised me that they wouldn't want to take a risk on my car as they can see the market shifting back in the other direction and they were starting to see stock saturation again in the used car market. Go figure...

The way the hype has been broadcast i would have thought they would bite my arm off for such a car, but clearly not they were extremely hesitant to say the least. Wouldn't even make any kind of offer!

The sky is always falling in with main dealers. Not sure how WBAC would treat such a new M4 but worth getting a quote.

[Taffy66]

donutskidmark said:

A few months back I was looking at a lizard green 991.2 GT3RS which was for sale at an OPC for £172,000……it sold after 3 or 4 weeks.
More recently the same OPC salesman told me that despite having trouble shifting that car for £172k they were now having trouble actually buying in the same car for stock at £172,000.

I’ve seen one or two similar spec RS sell recently for £180k + ………
So this would imply that the RS has crept up in value recently- by about 10 grand

Cambridge OPC had a racing yellow Weissach RS listed at £210k a fortnight ago-
It then went up to 213k a few days later before selling recently….

Currently there are only eight first batch 2018 RSs for sale from £180k to £205k. There are also only four second batch 2019 RS WP cars from £215k to £235k. All these with specialists and a few are just click bait and already sold.!
There isn't a single 991.2GT3 RS of either vintage for sale on the entire UK's OPC network. They are selling for over £10k more now than they were six months ago.

[red_slr]

dmahon said:

Minnsy14 said:

Not exactly a supercar but certainly mainstream sports car... I enquired with a BMW main dealer yesterday to see if they would be interested in buying my M4 30 Jahre Edition convertible. Immaculate car with only 1600 miles and owned from new.

The dealer advised me that they wouldn't want to take a risk on my car as they can see the market shifting back in the other direction and they were starting to see stock saturation again in the used car market. Go figure...

The way the hype has been broadcast i would have thought they would bite my arm off for such a car, but clearly not they were extremely hesitant to say the least. Wouldn't even make any kind of offer!

The sky is always falling in with main dealers. Not sure how WBAC would treat such a new M4 but worth getting a quote.

WBAC would rip your arm off for it. See the WBAC thread.

https://www.pistonheads.com/gassing/topic.asp?h=0&...