The Twilight of Performance Cars...
The Twilight of Performance Cars...
Author
Discussion

highway

Original Poster:

2,738 posts

291 months

Wednesday 23rd November 2011
quotequote all
I think we are in it. By 2020 how expensive is petrol likely to be based on price rises of the past 10 years?

Speed enforcement grows ever more severe with the likelihood of average speed camera's appearing all over the m-way network ever more likely. Social attitudes are changing towards speed with magistrates and even a growing section of the public looking at excess speed (regardless of circumstances) almost as akin to child abuse.

Money looks set to grow tighter in the economy with expensive cars looking (to some) as gratituous, almost vulgar, status symbols from a bygone age.

Newer performance cars are also comparitively expensive to tax.

With all these factors coming together is this effectively the beginning of the end for performance cars as we know them? Are we likely to witness a collapse in residual values or is the best yet to come?

Discuss...

jonamv8

3,302 posts

197 months

Wednesday 23rd November 2011
quotequote all
All pretty true unfortunately....

For this very reason over the past few years from the age of 25 onwards ive spanked house deposits in cash on Aston Martins and Porsches. When the above happens ill get out and put the cash into a bigger house etc.

Real shame for us petrol heads but the plus side on residuals is that if u ignore the above u should be able to get into exotica for relative peanuts

SonnyM

3,475 posts

224 months

Wednesday 23rd November 2011
quotequote all
It will only affect the "working class".

As Ferrari's boss said during the first recession something along the lines of "most of our customers have serious wealth".

The "upper class" not affected.

Maersk

1,091 posts

182 months

Wednesday 23rd November 2011
quotequote all
All true.............

Which is why I bought my Porsche now.............

now or never...........

mollytherocker

14,469 posts

240 months

Wednesday 23rd November 2011
quotequote all
I dont think we are at the 'peak' yet, but we are close. I think that the motoring landscape will look very different in, say 10 years.

Smelly, noisy, polluting fast cars will be killed by legislation. I'm afraid that even track days will probably all but die off too for environmental reasons.

I am sure that most of the manufacturers have got technology just waiting in the wings to revolutionise personal transport. All this pissing about with crap batteries is twaddle.

Its all about oil and politics but mostly money.

MTR

sportsandclassic

3,774 posts

249 months

Wednesday 23rd November 2011
quotequote all
It will be a shame... Should i sell my Gt3 now?

mollytherocker

14,469 posts

240 months

Wednesday 23rd November 2011
quotequote all
sportsandclassic said:
It will be a shame... Should i sell my Gt3 now?
No way!!! Enjoy now whilst you can!

MTR

khushy

3,984 posts

250 months

Wednesday 23rd November 2011
quotequote all
highway said:
I think we are in it. By 2020 how expensive is petrol likely to be based on price rises of the past 10 years?

Speed enforcement grows ever more severe with the likelihood of average speed camera's appearing all over the m-way network ever more likely. Social attitudes are changing towards speed with magistrates and even a growing section of the public looking at excess speed (regardless of circumstances) almost as akin to child abuse.

Money looks set to grow tighter in the economy with expensive cars looking (to some) as gratituous, almost vulgar, status symbols from a bygone age.

Newer performance cars are also comparitively expensive to tax.

With all these factors coming together is this effectively the beginning of the end for performance cars as we know them? Are we likely to witness a collapse in residual values or is the best yet to come?

Discuss...
^all this^ = do it now - drive like the world is ending - life is short!

Slippydiff

16,482 posts

254 months

Wednesday 23rd November 2011
quotequote all
highway said:
I think we are in it. By 2020 how expensive is petrol likely to be based on price rises of the past 10 years?

Speed enforcement grows ever more severe with the likelihood of average speed camera's appearing all over the m-way network ever more likely. Social attitudes are changing towards speed with magistrates and even a growing section of the public looking at excess speed (regardless of circumstances) almost as akin to child abuse.

Money looks set to grow tighter in the economy with expensive cars looking (to some) as gratituous, almost vulgar, status symbols from a bygone age.

Newer performance cars are also comparitively expensive to tax.

With all these factors coming together is this effectively the beginning of the end for performance cars as we know them? Are we likely to witness a collapse in residual values or is the best yet to come?

Discuss...
Aren't we a little ray of sunshine ? . . . . . biggrin

Rumours of the performance cars death have been greatly exaggerated before wink

PJI

308 posts

237 months

Wednesday 23rd November 2011
quotequote all
What a load of rubbish.............

highway

Original Poster:

2,738 posts

291 months

Wednesday 23rd November 2011
quotequote all
But has this combination of factors ever come together before? It's not just high insurance and car crime now...

To answer my own question..enjoy now before it's too late
Seems sensible..

highway

Original Poster:

2,738 posts

291 months

Wednesday 23rd November 2011
quotequote all
But has this combination of factors ever come together before? It's not just high insurance and car crime now...

To answer my own question..enjoy now before it's too late
Seems sensible..

dumpy

58 posts

183 months

Wednesday 23rd November 2011
quotequote all
Agree with the now or never sentiment! just got my 911 whilst fuel is still cheap.......
As far as the socially unacceptable bit its been like this for ages. Sod um people are too dreary for words.

kbf1981

2,351 posts

231 months

Wednesday 23rd November 2011
quotequote all
highway said:
Money looks set to grow tighter in the economy with expensive cars looking (to some) as gratituous, almost vulgar, status symbols from a bygone age.
It's "just" a recession - granted a bad one, but we go through these cycles every couple of years. Plenty of businesses out there are doing great. In many cases, these growth stories are getting under reported. I know of several businesses locally doing double digit growth and struggling to find good people to hire.

The amount of CV's sent into people in txt spk, or just from people who have no idea how to apply for jobs, is crazy.

mollytherocker

14,469 posts

240 months

Wednesday 23rd November 2011
quotequote all
dumpy said:
As far as the socially unacceptable bit its been like this for ages.
I think its slowly worsening though which will cause more owners to move on to something more 'acceptable'.

Have you noticed how people dont bragg about the size of their engine or its performance anymore, they bragg about (And exaggerate) the 70mpg they are getting!!!

Times are a changing.

MTR

mollytherocker

14,469 posts

240 months

Wednesday 23rd November 2011
quotequote all
anonymous said:
[redacted]
Yes, good point. Thats why Porsche values are falling harder than they have ever done. (Except the Cayenne Diesel!!)

Good news for considered buyers!

MTR

marky911

4,434 posts

250 months

Wednesday 23rd November 2011
quotequote all
Yep, as long as you can stay in work at the moment and earn the sort of figures as pre-recession, things aren't too bad.... yet.

I'm watching the PIIGS carefully. It's been dragging on for bloomin' months though. My work is up and down (sub-contract engineering always is) but, I'll still continue to spend what I can on my passion.

I don't think the working man will be priced out of running a car for a good ten years, petrol-wise anyway.

All we can do is keep working, keep saving and keep spending, sensibly of course. smile

g7jhp

7,034 posts

269 months

Wednesday 23rd November 2011
quotequote all
The drive to work is a sea of dull euro boxes (including me currently). Nice to see the the odd 911 here and there!

I think more people leave their passion tucked up in the garage rather than use it for work these days.

nickfrog

25,446 posts

248 months

Wednesday 23rd November 2011
quotequote all
Really interesting thread actually. Not sure what to think though, so I won't post. Oh sh!T, I just have.

supermono

7,464 posts

279 months

Wednesday 23rd November 2011
quotequote all
I think the price of petrol will go up a fair bit but in 10 years many cars will be running on electricity in some form and petrol won't be used as much. Once the petrol cars decline swampy and his moronic mates will dream up some reason to curtail electricity usage and that'll be used to raise revenue instead of petrol.

Don't forget the tax on petrol has everything to do with driving us back to the dark ages, leaving swampy to cycle on clear roads to his sandal weaving commune. So whatever is the popular fuel will be what's deemed to be harming the sky.

Good news is with less of it being wasted in ordinary cars there'll be decades of it left for us to consume correctly.

No problems ahead for us or our children IMO.


SM