Long Term Supercar Prices
Discussion
I have been thinking, which is always dangerous on a Monday, but what will happen long term to the prices and essentially what will happen to "everyday" supercars when they get to a mileage / condition point that they have next to no demand?
The reason I ask is that we live in a time 2000s on wards where 350 - 500+BHP super cars have and are rolling out of showrooms faster than ever before so the chances of them being rare and sought after especially in the condition I mentioned above is going to be unlikely.
Will we see the day where a 100000 mile R8 can be had for mid teens ££s or will they end up broken for parts or will they find their way at a price point higher than that into the hands of car enthusiasts making the supply disappear?
The R8 is an obvious example but I can see no reason why the current cooking model Porsches won't be the same and anything else that isn't particularly rare. The 996s etc are sort of already there but its difficult to tell if that is due to oversupply or because of the known issues that plagued them.
Maybe I am over estimating the numbers of these types of cars out there and they will always have a bottom floor they don't drop below.
Interested to hear opinions
The reason I ask is that we live in a time 2000s on wards where 350 - 500+BHP super cars have and are rolling out of showrooms faster than ever before so the chances of them being rare and sought after especially in the condition I mentioned above is going to be unlikely.
Will we see the day where a 100000 mile R8 can be had for mid teens ££s or will they end up broken for parts or will they find their way at a price point higher than that into the hands of car enthusiasts making the supply disappear?
The R8 is an obvious example but I can see no reason why the current cooking model Porsches won't be the same and anything else that isn't particularly rare. The 996s etc are sort of already there but its difficult to tell if that is due to oversupply or because of the known issues that plagued them.
Maybe I am over estimating the numbers of these types of cars out there and they will always have a bottom floor they don't drop below.
Interested to hear opinions
Modern tax efficient, fuel efficient, electric hybrids will kill big gas guzzling current supercars especially with the pollutants that are emitted.
The younger generation won’t want them, I listen to my grandchildren and the oldest two of them are quite keen to obtain a Tesla one day .
Shame really but life’s moving on fast.
The younger generation won’t want them, I listen to my grandchildren and the oldest two of them are quite keen to obtain a Tesla one day .
Shame really but life’s moving on fast.
History tells us that old supercars go one of two ways; some get broken for parts because they are too expensive to fix and the remaining cars rarity increases and they go up in price. Hence you see a U depreciation curve.
Eg. Ferrari 360 - RRP c£10500-135000, dropped into the £30000’s at their lowest, now in the £50-90000 range.
Other cars will do this too, but the remaining numbers have to be small. Eg a good Renault 5 turbo, which was about £7000 new, can now make £12000+.
Eg. Ferrari 360 - RRP c£10500-135000, dropped into the £30000’s at their lowest, now in the £50-90000 range.
Other cars will do this too, but the remaining numbers have to be small. Eg a good Renault 5 turbo, which was about £7000 new, can now make £12000+.
Edited by Chris355 on Tuesday 8th September 09:01
my original post was mainly around the premise that we are in uncharted territory because never before have we had so many cars in this bracket. I also tend to think that ferraris never fall into this category due to their heritage.
Going to the sum of the parts holding the cars at a bottom value is this not only true if demand for parts is sufficient to warrant it, otherwise there should be no bottom to the price?
Going to the sum of the parts holding the cars at a bottom value is this not only true if demand for parts is sufficient to warrant it, otherwise there should be no bottom to the price?
21ATS said:
Cars of this nature reach a point very quickly at which the sum of their parts is worth more than the car as a whole road going vehicle.
You're unlikely to find £18K Audi R8's when there's likely £28K's worth of parts if it's broken.
Have a look at Eurospares.co.uk to see what I mean.
but what will happen to prices of those parts if not enough people are interested in keeping the cars running .... You're unlikely to find £18K Audi R8's when there's likely £28K's worth of parts if it's broken.
Have a look at Eurospares.co.uk to see what I mean.
Roof down said:
Modern tax efficient, fuel efficient, electric hybrids will kill big gas guzzling current supercars especially with the pollutants that are emitted.
The younger generation won’t want them, I listen to my grandchildren and the oldest two of them are quite keen to obtain a Tesla one day .
Shame really but life’s moving on fast.
I think this hits the nail on the head really in the mid to long term. So many youngsters nowadays aspire to own a Tesla or similar and the way the Governments are preaching environmental change means it won't belong until big petrol engined cars become shunned in the public eye. The younger generation won’t want them, I listen to my grandchildren and the oldest two of them are quite keen to obtain a Tesla one day .
Shame really but life’s moving on fast.
Zippee said:
I think this hits the nail on the head really in the mid to long term. So many youngsters nowadays aspire to own a Tesla or similar and the way the Governments are preaching environmental change means it won't belong until big petrol engined cars become shunned in the public eye.
I live in the middle of the countryside and currently work in the oil and gas industry so if I can pick up a cheap gas guzzling monster because no one else wants it and (selfishly!!!!) support my own industry then that's sort of position A for me. The question was really is this going to be the reality for some of these cars and it looks like you support my hypothesis? MDL111 said:
but what will happen to prices of those parts if not enough people are interested in keeping the cars running ....
I guess that's the current unknown. So lets hazard a guess, the cars would then effectively become worthless once they were not roadworthy, not dissimillar to 300SL gullwings back in the 70's. Left to rot/get crushed until so few remain that they become interesting, then as so few remain the values sky rocket and the whole scenario become self fulfilling.
WIll this happen with modern machinery? I think the electronics issues may create a finite lifespan for many of these cars. McLarens for example, it seem they have enough electrical gremilins from new, who'd want to be dealing with a 20 year old one that's from the current line up. It's not like it's an F1 which is on the whole mechanical and analogue.
It's an interesting prospect.
21ATS said:
MDL111 said:
but what will happen to prices of those parts if not enough people are interested in keeping the cars running ....
I guess that's the current unknown. So lets hazard a guess, the cars would then effectively become worthless once they were not roadworthy, not dissimillar to 300SL gullwings back in the 70's. Left to rot/get crushed until so few remain that they become interesting, then as so few remain the values sky rocket and the whole scenario become self fulfilling.
WIll this happen with modern machinery? I think the electronics issues may create a finite lifespan for many of these cars. McLarens for example, it seem they have enough electrical gremilins from new, who'd want to be dealing with a 20 year old one that's from the current line up. It's not like it's an F1 which is on the whole mechanical and analogue.
It's an interesting prospect.
I have no idea what Ferrari’s attitude to third parties servicing their cars is but I know McLaren’s is shocking and Porsche’s is very good. That’s going to make a big difference.
sparta6 said:
Are we really going to see Euro Tours in Teslas ?
Aside from the experience, there are some practical issues too.
Thing is, think how much tech has changed in the last 5 years and how fast that is progressing. Now think how that will have potentially developed in another 10-15 years. Aside from the experience, there are some practical issues too.
Zippee said:
sparta6 said:
Are we really going to see Euro Tours in Teslas ?
Aside from the experience, there are some practical issues too.
Thing is, think how much tech has changed in the last 5 years and how fast that is progressing. Now think how that will have potentially developed in another 10-15 years. Aside from the experience, there are some practical issues too.
And it will leave us with a choice.
Do we drive ICE supercars through the Alps, or something with a big battery instead ?
Pleasure versus practicality will play its part.
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