720s market chat

[Streetbeat]

Any views on the market, seems there is sudden influx of cars, jumped from high 40's to over 60 cars in just a few weeks, usual summer rush? There doesnt seem to be to much movement in stock shifting either.

Edited by Streetbeat on Thursday 15th August 14:09

[RSbandit]

600LT has over 30 for sale right now too which is the most in 2 yrs…my auto trader watchlist has Porsches and Lambos in there too and nothing seems to be shifting but prices are sticky so maybe some of the cars are on SOR. Feels like a 5% price cut (at a minimum) across the board is needed to get things moving. Of course there’s the Labour budget in October to look forward too also.

[Streetbeat]

Yep i noticed the 600lt stock has jumped too.

Anyone else out there looking for a 720s, be interested to hear your thoughts, ive viewed a couple, offered on both and literally had to chase a response, seems a bit crazy in this market that youre chasing offers made.

[HIS LM]

Streetbeat said:

Yep i noticed the 600lt stock has jumped too.

Anyone else out there looking for a 720s, be interested to hear your thoughts, ive viewed a couple, offered on both and literally had to chase a response, seems a bit crazy in this market that youre chasing offers made.

All depends how realistic the offers were

[AndyC_123]

I think we will see a £100k 720 before 2025

[Streetbeat]

HIS LM said:

All depends how realistic the offers were

Personally i would say anything is realistic in this marke, if anyone is walking into a dealer offering full asking price they have more money than sense, one was cheeky to be fair but then substainly increased (chased both times), one less than 5% off asking. If you dont ask, you dont get.

Edited by Streetbeat on Thursday 15th August 14:08

[650S]

[quote=Streetbeat] Any views on the market....

The free market reflects two old, simple factors, supply and demand.

I agree with the 720s prediction above

More importantly, some of the marketing games of recent years are being exposed by the fall in demand. PCGB

[supersport]

You have to wonder for how much longer you will be able to get cars like these.

I am slightly biased but the 720 is amazing. They should go up

[Dezbo]

IMO dealers are also greedy and lazy. I know they’re businesses and need to make money but they want massive margins for doing very little and seem prepared to let cars sit for months and months rather than taking a bit off and turning over more volume

[RSbandit]

That’s right …turnover the name of the game I don’t understand how main dealers sit on cars for months on end , some might be on SoR but they can’t all be .

[PinkHouse]

Not just dealers but private sellers too, the 600LT market has had a couple of private sellers consistently pricing their cars higher than main dealers and stubbornly following the market downwards. Although one of those private sales is ironically owned by a dealer

[Streetbeat]

PinkHouse said:

Not just dealers but private sellers too, the 600LT market has had a couple of private sellers consistently pricing their cars higher than main dealers and stubbornly following the market downwards. Although one of those private sales is ironically owned by a dealer

Also some p*ss poor adverts from private sellers asking above dealer prices....I can't believe they have any interest in actually selling just chancing their arm at finding a "motivated" buyer.

[Matty3]

Much rather buy private if there is a transferrable Mac warranty included than buy from a non-franchised dealer who is generally in it for an easy 5% to 10% cut on a SOR with a dubious warranty. Be careful who you buy from out there folk

[Dezbo]

Buying with a PPI key?

[TBCTBC]

Dezbo said:

Buying with a PPI key?

Unless you have bottomless pockets, absolutely.

[Streetbeat]

Still doesnt seem like much is shifting and some very hopeful prices on cars, i.e 2017 car, near 20k miles at £140k.....

Be interesting to see what happens heading into autumn, there might well be some £100k cars but they will be leggy with base spec imo.

One thing is clear though, seems like owners have made good use of them with sensible mileages for the year, im pretty sure they wouldnt have those sorts of mileages and use if they were constantly breaking as non owners would have you believe.

[supersport]

Just coming up to a year of ownership for me.

Will go though 5k miles in that time next week.

[Oaky]

2k miles in last 9 days with hardly a 720S hiccup. Fabulous cars

[davek_964]

Oaky said:

2k miles in last 9 days with hardly a 720S hiccup. Fabulous cars

But, but, but........... I had a friend who's girlfriends hairdressers sisters friends bank manager had a McLaren and he had sooooooooooo many problems!

[_DJ_]

You've got this all wrong.

You need to provide dreadful metrics to show how awful they are. My hairdressers sisters mother's second cousin had hers for 9 months and it spent 124 days back with the dealer. They eventually bought in back at a £32,234 loss.