Discussion
So to all those financial gurus out there….
Tax allowances frozen. NI, mortgage interest rates, fuel costs (house and car), inflation all going up. Will we start to see a negative price correction on supercars (and houses?) or will inflation of new supercar prices drive up the value of used supercars?
Crystal ball time, but what are your thoughts?
Tax allowances frozen. NI, mortgage interest rates, fuel costs (house and car), inflation all going up. Will we start to see a negative price correction on supercars (and houses?) or will inflation of new supercar prices drive up the value of used supercars?
Crystal ball time, but what are your thoughts?
Chris355 said:
It was nothing to do with whether to buy one or not I’m afraid. It was pure intrigue whether people thought the inflationary affect from new car price rises would counter the negative effect of downward pressure from all other costs going up…
I think car prices are going up. Look how these electric cars that seem all the rage right now are priced. And this week, the new Range Rover - starting at £95k… I think manufacturers are pricing in big increases, and any new car bought next year will be a lot more than one would have anticipated. Whether or not this inflates current car prices will depend on how much demand there is for the “old” tech compared to all this new tech coming out. The car world seems to have changed dramatically over the past 12 months. Any one else feeling this?Drl22 said:
These threads should be banned. No one knows and that’s the end of it.
Nearly every time I read an old thread that has predictions in it, time has shown they are wildly inaccurate.
Just buy something, it’ll be worth what it’s worth and if you can’t stomach that don’t buy a supercar.
This place is a discussion forum so without threads like this, there wouldn’t be as much discussion!Nearly every time I read an old thread that has predictions in it, time has shown they are wildly inaccurate.
Just buy something, it’ll be worth what it’s worth and if you can’t stomach that don’t buy a supercar.
No one is forced to read a particular thread so you can ignore it!
It depends on the age bracket. In my humble opinion, there are a few exceptions but most supercars post 2010 are not fit for purpose if that purpose is UK road use. Simply too fast and design optimised for a speed range beyond achievable on public roads in the current day. Go back to 1990 and they would be .
The focus needs to be on lightness and feedback at a lower speed range, but even if that does happen GPFs are in play which really take away the magic of a supercar engine. Hybrid architecture adds too much weight.
That leaves the older cars. Analogue is really a cliché but it holds true in my eyes. I forsee a bell curve in value of these cars: a peak as people realise that time is running out to enjoy them, and a reduction in value as social pressure, legislation, or lack of fuel stations really kills usability.
Regardless of car type, inflation is going to be an overriding factor in the medium term. There is no shortage of money out there.
Drive to enjoy.
The focus needs to be on lightness and feedback at a lower speed range, but even if that does happen GPFs are in play which really take away the magic of a supercar engine. Hybrid architecture adds too much weight.
That leaves the older cars. Analogue is really a cliché but it holds true in my eyes. I forsee a bell curve in value of these cars: a peak as people realise that time is running out to enjoy them, and a reduction in value as social pressure, legislation, or lack of fuel stations really kills usability.
Regardless of car type, inflation is going to be an overriding factor in the medium term. There is no shortage of money out there.
Drive to enjoy.
mwstewart said:
It depends on the age bracket. In my humble opinion, there are a few exceptions but most supercars post 2010 are not fit for purpose if that purpose is UK road use. Simply too fast and design optimised for a speed range beyond achievable on public roads in the current day. Go back to 1990 and they would be .
The focus needs to be on lightness and feedback at a lower speed range, but even if that does happen GPFs are in play which really take away the magic of a supercar engine. Hybrid architecture adds too much weight.
That leaves the older cars. Analogue is really a cliché but it holds true in my eyes. I forsee a bell curve in value of these cars: a peak as people realise that time is running out to enjoy them, and a reduction in value as social pressure, legislation, or lack of fuel stations really kills usability.
Regardless of car type, inflation is going to be an overriding factor in the medium term. There is no shortage of money out there.
Drive to enjoy.
My thoughts also.The focus needs to be on lightness and feedback at a lower speed range, but even if that does happen GPFs are in play which really take away the magic of a supercar engine. Hybrid architecture adds too much weight.
That leaves the older cars. Analogue is really a cliché but it holds true in my eyes. I forsee a bell curve in value of these cars: a peak as people realise that time is running out to enjoy them, and a reduction in value as social pressure, legislation, or lack of fuel stations really kills usability.
Regardless of car type, inflation is going to be an overriding factor in the medium term. There is no shortage of money out there.
Drive to enjoy.
The problem is we've even people way too much money because of the whole covid thing and now inflation is running rampant.
I guess it's not a vote-getter to tell people "this is the rainy day you should have been saving for" but now it just means everyone's a millionaire and money doesn't go as far any more.
At some stage we'll go back into more austere times and that would be the right time to buy a car/house/whatever...not right now when everyone's swimming in covid supplements.
I guess it's not a vote-getter to tell people "this is the rainy day you should have been saving for" but now it just means everyone's a millionaire and money doesn't go as far any more.
At some stage we'll go back into more austere times and that would be the right time to buy a car/house/whatever...not right now when everyone's swimming in covid supplements.
Theres plenty of other threads where car owners are congratulating themselves on prices holding or even increasing. But the other day I read a piece on the BBC website about regular cars (Golf etc.) second hand prices and they have increased way more in percentage terms than supercars have. It's all about lack of supply of new cars, therefore nearly new are commanding a premium. Apparently at the luxury end of the market supply has been less impacted, due to being lower volume producers at a higher price. The old fashioned supply and demand at work.
I do agree with you that inflation (and interest rates) will start going up pretty soon as everything is getting a lot more expensive.
I do agree with you that inflation (and interest rates) will start going up pretty soon as everything is getting a lot more expensive.
TP321 said:
Chris355 said:
It was nothing to do with whether to buy one or not I’m afraid. It was pure intrigue whether people thought the inflationary affect from new car price rises would counter the negative effect of downward pressure from all other costs going up…
I think car prices are going up. Look how these electric cars that seem all the rage right now are priced. And this week, the new Range Rover - starting at £95k… I think manufacturers are pricing in big increases, and any new car bought next year will be a lot more than one would have anticipated. Whether or not this inflates current car prices will depend on how much demand there is for the “old” tech compared to all this new tech coming out. The car world seems to have changed dramatically over the past 12 months. Any one else feeling this?For most on here this does not apply but we are increasingly becoming a small minority as most don't care what propulsion system their cars use as long as Apple Car Play works. Then there is the increasing minority at the other end who think anything with a tailpipe is the work of the devil.
I have a 992 coupe on order - nothing fancy like you guys are buying just a vanilla one - and have two thoughts. Firstly, how many price rises will there be before Porsche actually build the thing? and, secondly, when I replace my daily driver car in a few years time will it actually be quicker (in a straight line) than my weekend car? As for the OP's question, no idea as it could go either way and probably will at different times as the push pull mentioned above works itself through. Don't try and guess it.
Edited by EC2 on Monday 1st November 13:56
i think its all about battery range - once we get to over 500 miles on a single charge, and if that charge can be done swiftly, then its game over for ICE cars and their residuals. There wont be a need for everyone to own a house with a garage or drive - if you can top up once very 2 weeks at a station for an hour or so, then the floodgates will open.
Coupled with the fact that these new EV will have to have a longer warranty to cover the battery, and all inclusive maintenance packages, and i just cant see how they wont take over. And the noise pollution monitoring will start ramping up, and the days of V12s rumbling down city centers will be outlawed. And the scary thing is that i dont think we are talking a decade or so...5 years tops.
Coupled with the fact that these new EV will have to have a longer warranty to cover the battery, and all inclusive maintenance packages, and i just cant see how they wont take over. And the noise pollution monitoring will start ramping up, and the days of V12s rumbling down city centers will be outlawed. And the scary thing is that i dont think we are talking a decade or so...5 years tops.
Based on the Has the Rolex bubble finally burst? Perhaps it has I do not think PHs is good at calling these type of trends. By now, a Rolex should be worth less than a casio.
TP321 said:
i think its all about battery range - once we get to over 500 miles on a single charge, and if that charge can be done swiftly, then its game over for ICE cars and their residuals. There wont be a need for everyone to own a house with a garage or drive - if you can top up once very 2 weeks at a station for an hour or so, then the floodgates will open.
Coupled with the fact that these new EV will have to have a longer warranty to cover the battery, and all inclusive maintenance packages, and i just cant see how they wont take over. And the noise pollution monitoring will start ramping up, and the days of V12s rumbling down city centers will be outlawed. And the scary thing is that i dont think we are talking a decade or so...5 years tops.
It would be very interesting to see a Tory government doing this as supercars are typically the toys of the rich generally. What % of the world’s CO2 emissions are produced by supercars? A very small amount I would guess and with Ferrari et all in discussions to avoid the regs and a recent huge deal to supply alternative, hydrogen fuels just been struck don’t think ICE will be eradicated in 5 years or longer.Coupled with the fact that these new EV will have to have a longer warranty to cover the battery, and all inclusive maintenance packages, and i just cant see how they wont take over. And the noise pollution monitoring will start ramping up, and the days of V12s rumbling down city centers will be outlawed. And the scary thing is that i dont think we are talking a decade or so...5 years tops.
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