Quiet market
Quiet market
Author
Discussion

danny tattersall

Original Poster:

972 posts

277 months

Wednesday 24th July 2019
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Hi everyone, I've got my Chimaera up for sale but there has been no interest whatsoever despite it being the cheapest car on the market for its age, mileage and condition. I know the market is fairly quiet but I'm beginning to think I might have put people off by advertising it too cheaply! Is anyone else struggling to sell?

Thank you in advance,

Danny.

sapper

1,134 posts

226 months

Wednesday 24th July 2019
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It is very quiet, I’ve had mine for sale for a long time and reduced it considerably. I’ve had a couple of phone calls, and 3 people look at it,
Admittedly it is modified but it is mint.
Just look at how many people are saying just picked up my new TVR',,,, hardly any.
I can’t help but wonder if it is because there is supposed to be a new TVR getting built allegedly

phillpot

17,437 posts

204 months

Wednesday 24th July 2019
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sapper said:
I can’t help but wonder if it is because there is supposed to be a new TVR getting built allegedly
Can't see the new car at whatever ££££££'s effecting the average Chim/Griff market of 10-20k ?


But I do agree it's dead out there, certainly some bargains to be had if you are looking to buy!

TVR4US

163 posts

125 months

Wednesday 24th July 2019
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Everything has a price, if the price is right it will sell, just hang on if you can.

sapper

1,134 posts

226 months

Wednesday 24th July 2019
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It’s not just Chimaera and Griffs that are stagnant,
There are Tuscans, Tams Cerbs that have been for Sale for months, some would have shifted in a few days only a couple of years ago.

QBee

22,041 posts

165 months

Wednesday 24th July 2019
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Brexit, stagnant economy, thousands of job losses, stagnant housing market, low business confidence, low consumer confidence, 500,000 cars on Autotrader, loads of cheaper sports cars for road use as a daily, never mind Sunday car, most airconditioned, many with electric rooves, electric heated leather seats....you will find most of the reasons for the stagnation in the TVR market in that list, I suspect.

ianwayne

7,577 posts

289 months

Wednesday 24th July 2019
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I've had 3 x TVRs in the last 6 years and the average values definitely went up a fair bit from 2014 to 2017. I think the new car did have an impact, but not as massive as perceived. People just realised what good value they are! The last 12 months though, it seems very slow. I had to sell my Chimaera on ebay in the end. 3 weeks in the classifieds here got not a single email or call.

sapper

1,134 posts

226 months

Wednesday 24th July 2019
quotequote all
TVR4US said:
Everything has a price, if the price is right it will sell, just hang on if you can.
Not in a rush to sell just fancied a Change. I’ve looked at some other stuff of interest and TBH there is very little out there to match the fun of a TVR.
They sound great, are cheap to buy and run. Easy to fix, parts are cheap. Cheap to insure.
They are the best kept secret that we have.

danny tattersall

Original Poster:

972 posts

277 months

Wednesday 24th July 2019
quotequote all
Thank you for all of the replies. I am only selling it because I have got too many cars and could do with downsizing the fleet a bit. I'm not willing to give it away though so I'll just keep it if it doesn't sell. Ah well, first world problems eh, I'll just have to enjoy it for longer!!

BIG DUNC

1,919 posts

244 months

Wednesday 24th July 2019
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That is probably exactly why the market is depressed. Only takes half a dozen people in your situation and the supply demand balance has shifted significantly.

People who have to sell will have to reduce their prices. Those who don’t, won’t.

Pit Pony

10,656 posts

142 months

Wednesday 24th July 2019
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TVR4US said:
Everything has a price, if the price is right it will sell, just hang on if you can.
Sometimes you've got to look at what else your buyers might buy instead and if price is actually the issue. Sometimes too cheap suggests to potential buyers that it will cost more in the long run. Sometimes there's more safe ways to invest your money. Sometimes everyone is battoning down the hatches ready for a no deal fk up.
I've never sold a specialist car but I've managed to find the sweet spot on price on a few ordinary cars. Just slightly more than an mot failure, and 50% less than a trader woukd retail at.

sapper

1,134 posts

226 months

Wednesday 24th July 2019
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It doesn’t help when there is a 21 page thread on Chimaera prices

Jon Brown

680 posts

205 months

Thursday 25th July 2019
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Also depends where it's advertised. I got the most response on mine on Facebook and ebay rather than PH, although the end buyer was a PHer.

Have you got decent pictures of the chassis as well, most cars advertised don't. Being that this is biggest trouble area/cost for these I think its pretty important.

But yes totally flat market

Monsterlime

1,407 posts

187 months

Thursday 25th July 2019
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I've seen a few go for pretty cheap on eBay (£8k or less), as I was actively looking. And then the 450 I just bought turned up on Gumtree, near me (which is unusual, except for that awesome but rather pricey car in Clackmannanshire), and I ended up paying a fair bit less than any other 450 on eBay, PH etc.

It needs some jobs, but I knew that, so am not fussed. This is now my "forever" car, I should never have sold my previous 450 (which was nicer than this one, oh well), so this will be improved and worked on. I will be servicing her myself as well, since I am not bothered about resale value (I suppose my daughter might when I eventually depart this mortal coil, but by then they will likely be illegal anyway) and doing as much as I can at home.

My old, marmite Boxster was a doddle to sell, and they can grenade their engines spectacularly (although I think a lot of that is overblown to a degree) and that is fairly well publicised.

Bloody Brexit. wink

das2000m

251 posts

303 months

Thursday 25th July 2019
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I think location is also a big factor with so many cars on the market, people who are not keen on traveling a distance to see a car don’t really need to as the chances are there is a suitable car close by, the exception being stuck up in the NE of Scotland like myself.... a long way for potential buyers and with a limited market locally......I’ve had my Griff on the marked for a few months with barely a sniff.!!

danny tattersall

Original Poster:

972 posts

277 months

Thursday 25th July 2019
quotequote all
Jon Brown said:
Also depends where it's advertised. I got the most response on mine on Facebook and ebay rather than PH, although the end buyer was a PHer.

Have you got decent pictures of the chassis as well, most cars advertised don't. Being that this is biggest trouble area/cost for these I think its pretty important.

But yes totally flat market
My car is currently advertised on eBay and Pistonheads. I've attached a picture of the chassis and explained that because it has been imported from Japan it is in great condition due to not being subjected to salty, damp UK roads. Perhaps it is the fact that it is a Japanese import that is putting people off, whereas for me it was a bonus.

Skyedriver

21,994 posts

303 months

Thursday 25th July 2019
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To be fair, I don't think it's just TVR anymore.

Chimaera prices stalled about 18 months ago and have fallen a little however so has most other stuff with a few exceptions.

There are cars of all marques advertised at prices higher than last month, the month before and the month before that but these cars are sticking and readvertised at lower prices.

I know of one, british, sports model (not TVR) that has just resold at £1K less than purchased 6 weeks ago!

BIG DUNC

1,919 posts

244 months

Thursday 25th July 2019
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danny tattersall said:
Jon Brown said:
Also depends where it's advertised. I got the most response on mine on Facebook and ebay rather than PH, although the end buyer was a PHer.

Have you got decent pictures of the chassis as well, most cars advertised don't. Being that this is biggest trouble area/cost for these I think its pretty important.

But yes totally flat market
My car is currently advertised on eBay and Pistonheads. I've attached a picture of the chassis and explained that because it has been imported from Japan it is in great condition due to not being subjected to salty, damp UK roads. Perhaps it is the fact that it is a Japanese import that is putting people off, whereas for me it was a bonus.
Import from Japan is no problem. If you are talking about the really low mileage one, then the mileage is the problem.

These cars like to be used and if they are used by a caring owner then lots if things will happen. Shocks and springs will be changed along with suspension bushes and fuel and brake pipes and loads of other stuff.

If I was buying to put in a museum then yours is perfect. If I was buying to use it, as probably 90% of buyers are, I would be sh@t scared of yours because the mileage is too low. I would much rather buy one with 200,000 on the clock, but which had a history file 2 inch thick with receipts and invoices, as it will undoubtedly be in far better condtion.
If I were you, I would use it as a daily driver for a few years (& spend a fortune in bringing it up to scratch) and then put it back on the market and you may get a decent price.

As it is, it is almost unsellable to anyone other than a museum or an invested hoping it will go up in value.

Museums do t buy.

In the current economic market it will be a good few years until anyone wants to buy to invest. This isn’t Ford GT40 or an E type and we have to be realistic.

I have an early pre-cat Griff. I love it, but if I sold it tomorrow I would get less than I spent on the body off job I completed a year ago.

BIG DUNC

1,919 posts

244 months

Thursday 25th July 2019
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Didn’t want to sound negative, I am sure it is a lovely car.

But, it is still 20 ish years old and at that mileage will need loads of stuff changing / replacing to use it regularly, which would have already been replaced on a similar car that has been used regularly for twenty years.

To a collector, yours is worth a fortune, but I fear that In Today’s market there are not so many collectors around..

danny tattersall

Original Poster:

972 posts

277 months

Friday 26th July 2019
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My car isn't the very low mileage one. It has done 40k miles and has been fastidiously maintained with lots of parts replaced / upgraded. It would be an ideal daily car for someone and I've even thought about using it instead of my late supercharged high specification Mini John Cooper S Works for my 65 mile daily commute. Believe it or not It consumes a similar amount of fuel, is cheaper to tax and would brighten up the daily commute somewhat.