Hofmann's auction
Discussion
I see that a new online auction site, Selecting Gear, went live yesterday. They are mostly auctioning ex retail stock from the Hofmann's Lotus dealership and I guess are maybe under common ownership.
I fancy the 400 that will be auctioned soon, which Hofmann's took into stock back in February. Grey wouldn't be my colour choice, although I like the red trim, but I'm thinking if it goes for well below retail money (last advertised for c.£50k I recall) it might be a good purchase.
I appreciate that the Evora is a bit under the radar for some car enthusiasts but, given they appear to depreciate quite slowly, I'd have thought dealer stock would have been snapped up quickly during the post lockdown buying frenzy.
Any views on the 400 link below much appreciated, thanks.
https://hofmanns.co.uk/cars/lotus-evora-400-grey-r...
I fancy the 400 that will be auctioned soon, which Hofmann's took into stock back in February. Grey wouldn't be my colour choice, although I like the red trim, but I'm thinking if it goes for well below retail money (last advertised for c.£50k I recall) it might be a good purchase.
I appreciate that the Evora is a bit under the radar for some car enthusiasts but, given they appear to depreciate quite slowly, I'd have thought dealer stock would have been snapped up quickly during the post lockdown buying frenzy.
Any views on the 400 link below much appreciated, thanks.
https://hofmanns.co.uk/cars/lotus-evora-400-grey-r...
SFTWend said:
I see that a new online auction site, Selecting Gear, went live yesterday. They are mostly auctioning ex retail stock from the Hofmann's Lotus dealership and I guess are maybe under common ownership.
I fancy the 400 that will be auctioned soon, which Hofmann's took into stock back in February. Grey wouldn't be my colour choice, although I like the red trim, but I'm thinking if it goes for well below retail money (last advertised for c.£50k I recall) it might be a good purchase.
I appreciate that the Evora is a bit under the radar for some car enthusiasts but, given they appear to depreciate quite slowly, I'd have thought dealer stock would have been snapped up quickly during the post lockdown buying frenzy.
Any views on the 400 link below much appreciated, thanks.
https://hofmanns.co.uk/cars/lotus-evora-400-grey-r...
Yep, I’m keeping an eye on this and spoke to them last week about the car partly attracted by the idea of getting a good price on a low depreciation car. However the thing in my mind with evora 400’s is where the prices are gonna end up mid winter.I fancy the 400 that will be auctioned soon, which Hofmann's took into stock back in February. Grey wouldn't be my colour choice, although I like the red trim, but I'm thinking if it goes for well below retail money (last advertised for c.£50k I recall) it might be a good purchase.
I appreciate that the Evora is a bit under the radar for some car enthusiasts but, given they appear to depreciate quite slowly, I'd have thought dealer stock would have been snapped up quickly during the post lockdown buying frenzy.
Any views on the 400 link below much appreciated, thanks.
https://hofmanns.co.uk/cars/lotus-evora-400-grey-r...
There’s one up at 45k at the moment which 3 months ago was an unthinkable price, but it’s not been snapped up.
As you’ve no doubt seen there’s quite a few now just under 50k, they just don’t seem to be moving despite the post lock down frenzy.
I suspect the one we are looking at will have a reserve of at least £45k. The bigger established site Collecting Cars often achieve near retail money for sellers and generally more than a private sale via Autotrader etc would achieve. As Selecting Gear are new I'm hoping for less bidding competition but it sounds like we may be up against each other!
I think 400's are going to fall a long way, just like every other recently manufactured sports car, as we surely enter a global recession. I'm getting impatient though and one has to pull the trigger at some stage. What I would really like is a GT 410 so I'd wait a bit if I was sensible.
As an alternative to the Evora I'm also considering getting back into a Ferrari, maybe a F430. More to purchase and much more to run, but I think will depreciate significantly less long term so overall costs probably similar for both.
I think 400's are going to fall a long way, just like every other recently manufactured sports car, as we surely enter a global recession. I'm getting impatient though and one has to pull the trigger at some stage. What I would really like is a GT 410 so I'd wait a bit if I was sensible.
As an alternative to the Evora I'm also considering getting back into a Ferrari, maybe a F430. More to purchase and much more to run, but I think will depreciate significantly less long term so overall costs probably similar for both.
SFTWend said:
I suspect the one we are looking at will have a reserve of at least £45k. The bigger established site Collecting Cars often achieve near retail money for sellers and generally more than a private sale via Autotrader etc would achieve. As Selecting Gear are new I'm hoping for less bidding competition but it sounds like we may be up against each other!
I think 400's are going to fall a long way, just like every other recently manufactured sports car, as we surely enter a global recession. I'm getting impatient though and one has to pull the trigger at some stage. What I would really like is a GT 410 so I'd wait a bit if I was sensible.
As an alternative to the Evora I'm also considering getting back into a Ferrari, maybe a F430. More to purchase and much more to run, but I think will depreciate significantly less long term so overall costs probably similar for both.
Yep, I’ve thought all the same things (if you cross out f430 and write 993)I think 400's are going to fall a long way, just like every other recently manufactured sports car, as we surely enter a global recession. I'm getting impatient though and one has to pull the trigger at some stage. What I would really like is a GT 410 so I'd wait a bit if I was sensible.
As an alternative to the Evora I'm also considering getting back into a Ferrari, maybe a F430. More to purchase and much more to run, but I think will depreciate significantly less long term so overall costs probably similar for both.
FWIW Can’t see myself bidding on the selecting gears one unless it’s going very cheaply - I also don’t love the grey.
There’s this listed at 46k, has been steadily dropping in asking price for a while. Does the Interior look unusually tatty though?
https://www.pistonheads.com/buy/listing/10714528
rootsandculture said:
Yep, I’ve thought all the same things (if you cross out f430 and write 993)
FWIW Can’t see myself bidding on the selecting gears one unless it’s going very cheaply - I also don’t love the grey.
There’s this listed at 46k, has been steadily dropping in asking price for a while. Does the Interior look unusually tatty though?
https://www.pistonheads.com/buy/listing/10714528
I'll leave Evora owners to comment on how well interiors wear but strange that passenger seat looks more worn than the drivers. Perhaps the car was mostly driven 2 up.FWIW Can’t see myself bidding on the selecting gears one unless it’s going very cheaply - I also don’t love the grey.
There’s this listed at 46k, has been steadily dropping in asking price for a while. Does the Interior look unusually tatty though?
https://www.pistonheads.com/buy/listing/10714528
Most of these 400’s have been on the market all year. I’d love one, but I like to know that I can shift quickly when/if I fancy a change without loosing a big chunk.
They are very slow sellers, I think because they are priced too high. I don’t think they will hold their values like Elises & Exiges have enjoyed. Evoras have more competition.
They are very slow sellers, I think because they are priced too high. I don’t think they will hold their values like Elises & Exiges have enjoyed. Evoras have more competition.
I don't necessarily think it's about price. I think it's more about the competition.
Most savvy buyers will recognise there are other cars available that : a) have potential to appreciate in value, and b) can be shifted more easily when / if necessary.
At the cost of a gt410 there is huge choice !!. Therefore you must either really want one , or be at a price that makes you feel that your getting a great deal.
In a buoyant economy there is less of a problem because people are less focused of their potential loss. This promotes fluid trade, which in turn props up prices.
If you plan on keeping your Evora for some time I advise you buy one. Haggle hard for a depressed price and gamble that the economy will be strong by the time you want to sell. That way your investment should be safe. Remember, ultimately they are in short supply. It's a low volume sports car and when things are good the good ones get snapped up quickly !
Most savvy buyers will recognise there are other cars available that : a) have potential to appreciate in value, and b) can be shifted more easily when / if necessary.
At the cost of a gt410 there is huge choice !!. Therefore you must either really want one , or be at a price that makes you feel that your getting a great deal.
In a buoyant economy there is less of a problem because people are less focused of their potential loss. This promotes fluid trade, which in turn props up prices.
If you plan on keeping your Evora for some time I advise you buy one. Haggle hard for a depressed price and gamble that the economy will be strong by the time you want to sell. That way your investment should be safe. Remember, ultimately they are in short supply. It's a low volume sports car and when things are good the good ones get snapped up quickly !
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