UK market for V8 Vantages seems slow
Discussion
I was browsing through adverts on AT earlier today; you can tell from the advert's address bar when it was placed.
I'm looking at 2012-16 manual V8V coupes, and was struck by how long almost all of the ads had been on there.
Nine months in one case, and typically three or four months for most of the others.
Several cars have been reduced in price, but they just aren't shifting, and that's been the case all summer I think.
Sellers asking unrealistic prices, or simply the market on its backside?
I'm looking at 2012-16 manual V8V coupes, and was struck by how long almost all of the ads had been on there.
Nine months in one case, and typically three or four months for most of the others.
Several cars have been reduced in price, but they just aren't shifting, and that's been the case all summer I think.
Sellers asking unrealistic prices, or simply the market on its backside?
I think it's a case of people waiting to see how much cash they have left after the winter we have coming.
Was talking to several customers this last week and all working in different business sectors, all stating business levels have fallen off a cliff, this was all over Europe. A couple of customers in Germany stated they have to reduce their gas consumption domestically by a minimum of 15%, same for business. Some of the customers operating in the domestic housing market such as plastic piping and UPVC windows ... All gone very quiet.
Personally I was quoted back at the end of May £7500 for our combined fuel for a 12 month contract. This is on a 4 bed dettached. Suffice to say with being in credit on both gas and elec to the tune of approx. £600, I declined and will see how things go on the standard variable rate.
Was talking to several customers this last week and all working in different business sectors, all stating business levels have fallen off a cliff, this was all over Europe. A couple of customers in Germany stated they have to reduce their gas consumption domestically by a minimum of 15%, same for business. Some of the customers operating in the domestic housing market such as plastic piping and UPVC windows ... All gone very quiet.
Personally I was quoted back at the end of May £7500 for our combined fuel for a 12 month contract. This is on a 4 bed dettached. Suffice to say with being in credit on both gas and elec to the tune of approx. £600, I declined and will see how things go on the standard variable rate.
Edited by BiggaJ on Saturday 10th September 14:17
This makes me think of the pre IPO and new Vantage, famous AML quotes.
"AML is a luxury goods business and therefore is not greatly affected by economic downturns."
"This model is aimed at new wealthy younger customers."
If those statements are true, there should be masses of customers ready to buy Aston Martins.
However, you have spotted a recent slowing of sales.
Trying to apply logical thinking, concludes that the UK population only has minority of younger wealthy citizens. Many of those will have more pressing spending priorites, than an expensive weekend sports car.
Economic conditions badly affected AML in 2008, so with the prospect of much higher household costs, employment uncertainty and a possible recession, many potential buyers must now be being cautious.
It might create an opportunity for some though, because less demand might produce a little more choice and slightly lower prices.
Same across most higher end brands. I sold a Bentley Conti GT this week to make some funds for the incoming V12 Final. Supplying dealer bid me in the balls, managed a better bid from another group but was told stocking levels were nearing max so not to wait a few more weeks until the V12 arrives.
Invited a bid on another car while the buyer was at my place but was told to wait until stock levels drop but they might not soon.
Invited a bid on another car while the buyer was at my place but was told to wait until stock levels drop but they might not soon.
I think supply chain issues have been masking the growing weakness in demand. Of course right now most brands can sell everything new they can make as they're well below full capacity which in turn supports used prices and seller's expectations.
As new car supply problems unwind, combined with some serious interest rate rises, this will change the used market a lot with more trade-ins combined with weaker demand given negative confidence, higher car finance rates and higher mortgage payments will all add to the woes.
As new car supply problems unwind, combined with some serious interest rate rises, this will change the used market a lot with more trade-ins combined with weaker demand given negative confidence, higher car finance rates and higher mortgage payments will all add to the woes.
It seems a funny old market with AM.dealers largely shifting their used stock readily yet the indies are def not moving their stock on that quickly.
I've spent most of today on a car auction site ( looking for a classic type daily driver) and I noticed a shift on the fast ford's.
For the last 6 months people seemed happy to pay silly money for any old ford with a rubber spoiler despite the huge numbers that were sold but today I thought it was softening with lots of fast ford's going un sold as the sellers were looking for too much money and the bids being more modest
Good quality cars of all makes were still selling at decent if not startling prices though so maybe those cars sticking are a tad high in their asking price?
I've spent most of today on a car auction site ( looking for a classic type daily driver) and I noticed a shift on the fast ford's.
For the last 6 months people seemed happy to pay silly money for any old ford with a rubber spoiler despite the huge numbers that were sold but today I thought it was softening with lots of fast ford's going un sold as the sellers were looking for too much money and the bids being more modest
Good quality cars of all makes were still selling at decent if not startling prices though so maybe those cars sticking are a tad high in their asking price?
Brave Fart said:
OK, so a slow market, as I thought. Now, is that because sellers are holding out for unrealistic prices, or is it a lack of buyers with funds, or both?
How do we see it progressing over the coming winter?
Both in my opinion. But I tend to think it’s a lack of buyers with the funds predominantly. How do we see it progressing over the coming winter?
It’s all supply and demand isn’t it afterall … something is only worth what someone is willing to pay for it.
The pricing on virtually everything is inflated at the mo
TTmonkey said:
Do we not recall 2009 when the price of AMv8s tanked for around 18 months? 70k cars became 40k cars.
They recovered value as we came out of recession. But there were massive bargains to be had. For a while.
Range Rover Sports saw similar action.
Not sure what other models were hit.
Yes I remember it well, dealers were offering £25k trade in for my 3 year old car, I kept it another 6 years until it had done 83k miles and it was worth similar.They recovered value as we came out of recession. But there were massive bargains to be had. For a while.
Range Rover Sports saw similar action.
Not sure what other models were hit.
In times of uncertainty there are always bargains to be had if you have capital available.
bogie said:
TTmonkey said:
Do we not recall 2009 when the price of AMv8s tanked for around 18 months? 70k cars became 40k cars.
They recovered value as we came out of recession. But there were massive bargains to be had. For a while.
Range Rover Sports saw similar action.
Not sure what other models were hit.
Yes I remember it well, dealers were offering £25k trade in for my 3 year old car, I kept it another 6 years until it had done 83k miles and it was worth similar.They recovered value as we came out of recession. But there were massive bargains to be had. For a while.
Range Rover Sports saw similar action.
Not sure what other models were hit.
In times of uncertainty there are always bargains to be had if you have capital available.
TTmonkey said:
Do we not recall 2009 when the price of AMv8s tanked for around 18 months? 70k cars became 40k cars.
They recovered value as we came out of recession. But there were massive bargains to be had. For a while.
Range Rover Sports saw similar action.
Not sure what other models were hit.
Oooo yes please. Bring it on!They recovered value as we came out of recession. But there were massive bargains to be had. For a while.
Range Rover Sports saw similar action.
Not sure what other models were hit.
Finding Neutral said:
TTmonkey said:
Do we not recall 2009 when the price of AMv8s tanked for around 18 months? 70k cars became 40k cars.
They recovered value as we came out of recession. But there were massive bargains to be had. For a while.
Range Rover Sports saw similar action.
Not sure what other models were hit.
Oooo yes please. Bring it on!They recovered value as we came out of recession. But there were massive bargains to be had. For a while.
Range Rover Sports saw similar action.
Not sure what other models were hit.
Interesting thread. This is literally my first foray into the AM section as I'm considering a V8V Roadster, but, despite having funds available, I'll be waiting a bit to see how things go. The season is basically over for 2022, and though I know you can use cars in winter, I won't use much other than my Yaris, so I'll be sitting tight, hoping for the right car to appear nearer (or just after) Christmas.
Actus Reus said:
Interesting thread. This is literally my first foray into the AM section as I'm considering a V8V Roadster, but, despite having funds available, I'll be waiting a bit to see how things go. The season is basically over for 2022, and though I know you can use cars in winter, I won't use much other than my Yaris, so I'll be sitting tight, hoping for the right car to appear nearer (or just after) Christmas.
I think I might be able to provide some help.
When you say 'season is basically over for 2022', I guess you are referring to the majority period of use for Roadsters.
I had to spend a year looking for my 'right car', before finding it, so the longer you spend looking for yours the better.
Therefore, I would suggest that you begin looking now. There are many really good condition Aston Martins, but they do not come up for sale continually. Your chances of finding the best one, should of course improve, by taking longer to look.
My own car is a Coupe so I don't really know, but buying a Roadster during the hood up season, might be the best value time.
Many of our cars hibernate throughout the winter, so buying one several months before you want to use it, would be no different.
What year Vantage do you have in mind?
Good luck with your search. Wonderful cars.
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