Is it true..? Prices dropping & no demand
Is it true..? Prices dropping & no demand
Author
Discussion

purrfect

Original Poster:

357 posts

263 months

Friday 12th August 2011
quotequote all
Oh dear, any experts know? Wanted to try and sell Griff but not quite sure how to go about it. Don't really want to advertise and have lots of nutters round!! But couple of dealers have said the prices are really dropping on them now and that there's not been much demand. frown Must say, I have been surprised to see approx 50 on PH for sale throughout this year. Any advice please? (please cheer me up!! smile )

Englishman

2,253 posts

239 months

Friday 12th August 2011
quotequote all
Not sure what dealers you are talking to, but the ones I know say Griff prices are slowly on the way up, not down, year on year.

Obviously TVR's are not immune to the general economic situation though so maybe there is more supply than demand right now, plus its holiday season which won't help. Come next spring though and the prices for good examples will still be strong.

gifdy

2,078 posts

270 months

Friday 12th August 2011
quotequote all
Go to a dealer looking to buy and see what story they tell you then...

Podie

46,649 posts

304 months

Friday 12th August 2011
quotequote all
gifdy said:
Go to a dealer looking to buy and see what story they tell you then...
This.

purrfect

Original Poster:

357 posts

263 months

Friday 12th August 2011
quotequote all
gifdy said:
Go to a dealer looking to buy and see what story they tell you then...
Um guys, that's what I did !! rolleyes

citizen smith

813 posts

210 months

Friday 12th August 2011
quotequote all
Purrfect,

The dealers are never going to offer you any money! If you take Mr Average dealer and your trying to sell a very low mileage 99 Griff, they will offer you say £13k to buy off you, then advertise it at Griff @ £22k +.

They will say that to you they have to allow for various works to be carried out plus warranties etc. My advise would be to advertise your car privately at a relistic price and it should sell!

Better still keep it until next spring when the sun comes out again, then advertise it.

Johno

8,593 posts

311 months

Friday 12th August 2011
quotequote all
I've not analysed the st out of the classifieds and I've not gone on there every day to check, but there have been a couple of threads of "why isn't my Griffith selling" and there seem to be a few that have been there for a while, also the prices on Ebay (I know I know) are not great either.

So I'm a little undecided. I know everyone keeps saying future classic, E type blah blah blah, but to be honest the market does not appear strong, pricing is high with certain dealers for certain cars.

For me the market looks difficult for Griffiths and is a reflection as stated of the overall economic climate and the fact it's now August, not April and people are less willing to part with big cash for short summer experience.

Perhaps the trend over time is increasing pricing, or at least more likely in my opinion a stabilisation of pricing. But it's got to be for the right car as any other marque. That's not being model specific, rather condition/coulour/spec and price.

Johno

8,593 posts

311 months

Friday 12th August 2011
quotequote all
Podie said:
This.
and that wink

I finally replied old mate, sorry it took some time !

Podie

46,649 posts

304 months

Friday 12th August 2011
quotequote all
Johno said:
Podie said:
This.
and that wink

I finally replied old mate, sorry it took some time !
hehe

I know you get round to replying eventually! wink

Thanks mate.

MPoxon

5,329 posts

202 months

Friday 12th August 2011
quotequote all
As others have said now is the wrong time to sell if you want the best price for your car, wait for Spring if you can.

Dealers will always offer you a fraction of what the car is worth and then put it up on the forecourt for what it is worth, but then this is how they make their money. If you do not want the hassle of selling privately then perhaps a sale on return arrangement with a dealer?

If you wanted another TVR then you could always look at a part-ex arrangement?

gifdy

2,078 posts

270 months

Friday 12th August 2011
quotequote all
purrfect said:
Um guys, that's what I did !! rolleyes
Sorry - I meant go into a dealer pretending to buy.

purrfect

Original Poster:

357 posts

263 months

Friday 12th August 2011
quotequote all
gifdy said:
Sorry - I meant go into a dealer pretending to buy.
Ohhh, sorry, I thought you meant go to a dealer who advertised that they are looking to buy tvrs !!

Anyway, I realise that everything I seem to buy is the most hiighly-prized and desirable item at the time... until I come to sell it !

I have been thinking though - who is going to want a 5-litre car in the current climate?? Hmmm, a very limited market frown

Oh and hello Matthew, might see you at Essex meet Sunday but I might be in the wrong car..!

Dr K

196 posts

244 months

Friday 12th August 2011
quotequote all
Please email me.

Targarama

14,783 posts

312 months

Friday 12th August 2011
quotequote all
Johno said:
I've not analysed the st out of the classifieds and I've not gone on there every day to check, but there have been a couple of threads of "why isn't my Griffith selling" and there seem to be a few that have been there for a while, also the prices on Ebay (I know I know) are not great either.

So I'm a little undecided. I know everyone keeps saying future classic, E type blah blah blah, but to be honest the market does not appear strong, pricing is high with certain dealers for certain cars.

For me the market looks difficult for Griffiths and is a reflection as stated of the overall economic climate and the fact it's now August, not April and people are less willing to part with big cash for short summer experience.

Perhaps the trend over time is increasing pricing, or at least more likely in my opinion a stabilisation of pricing. But it's got to be for the right car as any other marque. That's not being model specific, rather condition/coulour/spec and price.
TVRs seem to sell well at certain times of year - March-June seems the best time. After this things peter off a little. Also, IMO while a good Griff is a great car, many people will see the later models as relative bargains at the same money - they have virtually stopped depreciating (for good examples).

Podie

46,649 posts

304 months

Friday 12th August 2011
quotequote all
purrfect said:
I have been thinking though - who is going to want a 5-litre car in the current climate?? Hmmm, a very limited market frown
As a second / toy car it's irrelevant IMO. As a daily, perhaps.

TVR Beaver

2,874 posts

209 months

Friday 12th August 2011
quotequote all
If only I had that Triumph Stag that was worth nothing (according to the dealer).. and that 924 carerra GT (no one wants them mate!) and that CB1100RC... and that etc etc...
Bide your time.. they are a British classic!!

3024E

483 posts

214 months

Friday 12th August 2011
quotequote all
I can seriously vouch for this experience.................

My Griff has been up for sale for over 2 weeks and very little response apart from chancers trying to get a bargain offereing my £2k less. At £8995 for my beautiful pre-cat its a bargain, just look at the expense thats gone into it, one of the previuos owners had approx £20k in it, everyone and i mean everyone comments about my chassis.......

Luckily i can afford to leave it sat in the garage for as long as it takes 2,3,10 years but the sad thing is it wont be used..... so once my advert on Pistonheads runs out thats it, nite nite TVR sleep tight...


Andy .....

Edited by 3024E on Friday 12th August 16:00

wacjac

47 posts

271 months

Friday 12th August 2011
quotequote all
if only i could find the griffith or chimaera that has my name on it !!! i have been looking for 3 months now,and have not found what meets anywhere near what i want( and no, im not expecting to pay peanuts for a 100% sorted tvr).

Englishman

2,253 posts

239 months

Friday 12th August 2011
quotequote all
Yes, it isn't easy finding a really good one. Took me 6 months 3 years ago to find the one I wanted.

purrfect

Original Poster:

357 posts

263 months

Friday 12th August 2011
quotequote all
Englishman said:
Yes, it isn't easy finding a really good one. Took me 6 months 3 years ago to find the one I wanted.
Well mine's Purrrrrfect wink