Are supercars rising in value?
Discussion
DeejRC said:
Disagree on 720S Reece, see my post above, this morning. £10-15k rise since Easter’ish time.
Looking at the data over the last 18 months, over the last few months you can still get a 720s for £135k/£140k which was the same over a year ago in march 2020.At the bottom end prices have remained steady but there will always be exceptions across the range which might be what you're referring to, especially on the "white logo" models with the newer software/less niggles.
R8Reece said:
Also returning to the market, I'm still seeing prices for sub £100k cars increasing but those above not so much. Not a precise science so some exceptions but what I watch generally speaking.....
Increasing value:
- Audi R8 Gen 1 coupe
- Audi R8 Gen 2 coupe
- McLaren 540C
- McLaren 570S coupe & spyder
Decreasing
- Ferrari 458 coupe
Holding steady
- Ferrari 488 coupe
- Lamborghini Huracan coupe
- Lamborghini Huracan Perf coupe
- McLaren 720S coupe
Huracan Performante prices are on the rise rather than holding steady, I've been offered £20k more for mine this month than I was in February and £10k more than was offered in April.Increasing value:
- Audi R8 Gen 1 coupe
- Audi R8 Gen 2 coupe
- McLaren 540C
- McLaren 570S coupe & spyder
Decreasing
- Ferrari 458 coupe
Holding steady
- Ferrari 488 coupe
- Lamborghini Huracan coupe
- Lamborghini Huracan Perf coupe
- McLaren 720S coupe
Jack drinker said:
Huracan Performante prices are on the rise rather than holding steady, I've been offered £20k more for mine this month than I was in February and £10k more than was offered in April.
Yes as above, there will always be exceptions however today I can still purchase a Performante for £170k as I could in December 2019.I run a little data harvesting script regularly against autotrader to monitor prices of various cars, so I can give a little information here.
There are some obvious limitations here, chief among which is that these are asking prices not sale prices, so the price actually paid for these cars could be different if they actually sell at all. However it stil gives an interesting insight into how the market is moving in terms of what people (mostly dealers) think they can offer their cars at.
Here is a sample of a few cars taken at four points in time. Last April just after the start of lockdown 1, the start of last August at what ended up being the height of freedom in 2020, the start of last April just as restructions started to ease from lockdown 3, and today. Each is based on a snapshot, taken on a day during the first week of that month.
There are four data points for each:
The number of adverts shows how many cars are up for sale, indicating the level of supply.
The median price, which shows a good mid-point for the market. I explicitly use the median here so one or two wildly over or under priced cars won't throw it out too much.
The mean of the cheapest 3 cars for sale, indicating the entry point into the market, which tends to be more fluid and gives a good idea of where cars are regularly changing hands.
The median age of the adverts, indicating how long cars are remaining on the site before sale (or just being removed).
On the whole prices did seem to dip as a result of lockdown 1, but do appear to have firmed up a bit since then. Most of the above show fewer cars for sale and cars that on average have not been on sale for as long. Three of the four samples show fewer cars for sale, and a higher price by at least one of the two metrics from last year, which a shorter average time on sale. That indicates to me a market that is squeezed on the supply side, which tends to push prices higher.
The indicated price movements aren't huge, but then big changes in the cars that are actually selling can be hidden behind a number of overpriced cars that have just been sat there for 4+ months (of which there are a lot in my data).
There are some obvious limitations here, chief among which is that these are asking prices not sale prices, so the price actually paid for these cars could be different if they actually sell at all. However it stil gives an interesting insight into how the market is moving in terms of what people (mostly dealers) think they can offer their cars at.
Here is a sample of a few cars taken at four points in time. Last April just after the start of lockdown 1, the start of last August at what ended up being the height of freedom in 2020, the start of last April just as restructions started to ease from lockdown 3, and today. Each is based on a snapshot, taken on a day during the first week of that month.
There are four data points for each:
The number of adverts shows how many cars are up for sale, indicating the level of supply.
The median price, which shows a good mid-point for the market. I explicitly use the median here so one or two wildly over or under priced cars won't throw it out too much.
The mean of the cheapest 3 cars for sale, indicating the entry point into the market, which tends to be more fluid and gives a good idea of where cars are regularly changing hands.
The median age of the adverts, indicating how long cars are remaining on the site before sale (or just being removed).
458 (excluding speciale)
Number of adverts: 88, Median price: 144950, Mean of cheapest 3 93980, Median age 81, Date 2020-04
Number of adverts: 93, Median price: 139995, Mean of cheapest 3 110180, Median age 62, Date 2020-08
Number of adverts: 67, Median price: 134995, Mean of cheapest 3 110860, Median age 122, Date 2021-04
Number of adverts: 57, Median price: 139995, Mean of cheapest 3 105140, Median age 54, Date 2021-06
F430 (excluding scud)
Number of adverts: 64, Median price: 84995, Mean of cheapest 3 56980, Median age 83, Date 2020-04
Number of adverts: 62, Median price: 89970, Mean of cheapest 3 69300, Median age 79, Date 2020-08
Number of adverts: 52, Median price: 88975, Mean of cheapest 3 70950, Median age 102, Date 2021-04
Number of adverts: 75, Median price: 89950, Mean of cheapest 3 71920, Median age 66, Date 2021-06
650s
Number of adverts: 29, Median price: 104900, Mean of cheapest 3 90620, Median age 92, Date 2020-04
Number of adverts: 23, Median price: 96850, Mean of cheapest 3 89660, Median age 56, Date 2020-08
Number of adverts: 24, Median price: 94495, Mean of cheapest 3 80330, Median age 47, Date 2021-04
Number of adverts: 22, Median price: 99449, Mean of cheapest 3 85830, Median age 32, Date 2021-06
Huracan (excluding performante)
Number of adverts: 121, Median price: 146950, Mean of cheapest 3 118660, Median age 60, Date 2020-04
Number of adverts: 86, Median price: 149972, Mean of cheapest 3 119980, Median age 61, Date 2020-08
Number of adverts: 85, Median price: 155000, Mean of cheapest 3 117320, Median age 54, Date 2021-04
Number of adverts: 74, Median price: 159995, Mean of cheapest 3 119560, Median age 36, Date 2021-06
On the whole prices did seem to dip as a result of lockdown 1, but do appear to have firmed up a bit since then. Most of the above show fewer cars for sale and cars that on average have not been on sale for as long. Three of the four samples show fewer cars for sale, and a higher price by at least one of the two metrics from last year, which a shorter average time on sale. That indicates to me a market that is squeezed on the supply side, which tends to push prices higher.
The indicated price movements aren't huge, but then big changes in the cars that are actually selling can be hidden behind a number of overpriced cars that have just been sat there for 4+ months (of which there are a lot in my data).
HIS LM said:
Been waiting 3 months for a call from McLaren for a used 570 Spider, was advised there is a shortage of stock, prices then were around £100k depending on spec. Finally received a call about a car coming in to stock offering me first refusal wait for it £125k !
I was "lucky" to get first dibs on a 570 Spider before it was advertised purely due to a random search throwing up a draft advert on the dealer's website. I had looked at a couple of others earlier that weren't quite the spec I was after but ended up paying not that much less than the figure you mention above. I reckon I'd have paid at least £10K less earlier in the year.
Is the script available anywhere, e.g. github? Cheers.WCZ said:
R8Reece said:
Decreasing
- Ferrari 458 coupe
interesting, I thought they were rising - the new hybrid splitting opinions and drawing people back to older cars etc. prices in america have gone nuts at least- Ferrari 458 coupe
Prices in the USA are going nuts though - low mileage Gen 1 Audi R8 V10 manuals are approaching $200k which is near £150k!
R8Reece said:
Again it's never black and white. However unless it's a typo or Cat C/D for the first time you can pick up a RHD 458 coupe for less thank £100k.
Prices in the USA are going nuts though - low mileage Gen 1 Audi R8 V10 manuals are approaching $200k which is near £150k!
Cheapest 458 Italia on here 117kPrices in the USA are going nuts though - low mileage Gen 1 Audi R8 V10 manuals are approaching $200k which is near £150k!
Edited by Akajak on Tuesday 29th June 21:40
R8Reece said:
DeejRC said:
Disagree on 720S Reece, see my post above, this morning. £10-15k rise since Easter’ish time.
Looking at the data over the last 18 months, over the last few months you can still get a 720s for £135k/£140k which was the same over a year ago in march 2020.At the bottom end prices have remained steady but there will always be exceptions across the range which might be what you're referring to, especially on the "white logo" models with the newer software/less niggles.
Akajak said:
R8Reece said:
Again it's never black and white. However unless it's a typo or Cat C/D for the first time you can pick up a RHD 458 coupe for less thank £100k.
Prices in the USA are going nuts though - low mileage Gen 1 Audi R8 V10 manuals are approaching $200k which is near £150k!
Cheapest 458 Italia on here 117kPrices in the USA are going nuts though - low mileage Gen 1 Audi R8 V10 manuals are approaching $200k which is near £150k!
Edited by Akajak on Tuesday 29th June 21:40
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