Supercars depreciation

[rivarama]

I know Mclarens have come with their lot of reliability issues and lack of Indy network, but I wouldn’t want to be the First owner of that car... that’s about 80-90k of depreciation over 3 years

Ref 108 2016 McLaren 570S MRP

The McLaren 570S was unveiled at the 2015 New York International Auto Show in 2015 and McLaren predicted that the model would help triple the company's sales volume by 2020. The car is powered by a new iteration of the 3.8 litre twin-turbocharged V8 engine already used in the 650S and P1...

www.historics.co.uk

 

[Devonboy]

That’s nothing - have a look at Senna prices!

 

[Andyk]

So much car and performance for the money and I have always liked blade silver as well.

 

[Andyk]

That’s nothing - have a look at Senna prices!

I love Mclarens but that one is just so ugly.....Built to do one thing.....Go fast and designed that way.

 

[Phil H]

Lovely car, but the potential costs would scare the h3ll out of me.

PH

 

[rivarama]

I really don’t get why they don’t fix those issues... surely it would bring new prospects to the brand and encourage returning customers (heard most McLaren customers do not come back...). But they seem not to care, judging by their appalling customer service.

 

[rivarama]

That db11 is even scarier... barely 2 y/o and already lost £90k !!

Ref 52 2018 Aston Martin DB11 Volante MRP

The DB11, pitched as a grand tourer, debuted at the Geneva Motor Show in March 2016 as a replacement to the long standing and successful DB9. Heralded as the first model launched in Aston Martin's 'second century' plan and the first car launched since the company's tie-up with Daimler AG, the...

www.historics.co.uk

 

[ChrisQP09]

No better value right now than a 2013 458 Italia and early 612

 

[rockits]

Certainly some heavy depreciation. There is going to be a lot of this over the next year I'd bet.

Is that DB11 a CAT D or N then? Bit weird.

These newer heavy depreciating cars are going to make much of the older stuff seem expensive so maybe this will have the knock on effect of hitting these prices as well.

I was listening to all the Chris Harris/Edward Lovett podcasts and they were talking about 550's that were 120k in last year or two now at 60k. They were never a good buy IMHO at 120k but at 60k it is much more sensible.

 

[lozcb]

That db11 is even scarier... barely 2 y/o and already lost £90k !!

Ref 52 2018 Aston Martin DB11 Volante MRP

The DB11, pitched as a grand tourer, debuted at the Geneva Motor Show in March 2016 as a replacement to the long standing and successful DB9. Heralded as the first model launched in Aston Martin's 'second century' plan and the first car launched since the company's tie-up with Daimler AG, the...

www.historics.co.uk

Trouble is, I can't see any one using a super grand tourer up and down the French motorways to the south of France at the moment ,not even the French are using them ,such a shame

 

[rockits]

No better value right now than a 2013 458 Italia and early 612

You say that but I'm not so sure. A year or two ago I would have agreed. Now though and for next couple of years I can see them weakening.

So say one was £200k new and is now £100 now at 10 years old. Out of warranty and service package and only 50% depreciation over 10 years is very shallow compared to most others. There is 127 for sale on AT.

With Chris Harris and Dickie Meaden saying the same as me that most modern supercars are just not interesting any more as too fast and clinical I can see many of these getting hit hard.

The Macca's are leading the charge but the over supply of supercars to cheapen the product rarity is going to hit values hard IMHO.

Didn't the Ferrari boss suggest they had made too many cars and needs to keep the number below 3000 cars a year to keep the brand special?

 

[dickygrace]

No better value right now than a 2013 458 Italia and early 612

I would challenge that Chris, an early 612 is overpriced as is a 458 Italia. For me the best value Ferraris at present are a Cali T at circa £90k or a 599 in the £80k’s.

 

[dickygrace]

You say that but I'm not so sure. A year or two ago I would have agreed. Now though and for next couple of years I can see them weakening.

So say one was £200k new and is now £100 now at 10 years old. Out of warranty and service package and only 50% depreciation over 10 years is very shallow compared to most others. There is 127 for sale on AT.

With Chris Harris and Dickie Meaden saying the same as me that most modern supercars are just not interesting any more as too fast and clinical I can see many of these getting hit hard.

The Macca's are leading the charge but the over supply of supercars to cheapen the product rarity is going to hit values hard IMHO.

Didn't the Ferrari boss suggest they had made too many cars and needs to keep the number below 3000 cars a year to keep the brand special?

Beat me to it.

 

[rockits]

Ewan had the right idea and I can see many other petrolheads going back to more simple effective drivers cars. I'd rather buy an MX-5 and modify it.

It got silly and sillier so never made any sense. Certainly making less sense now and the immediate future. When you can get a V8 Vantage Manual for mid to low 20's.....that interests me much more.... which is why I bought one.

 

[Andyk]

That db11 is even scarier... barely 2 y/o and already lost £90k !!

Ref 52 2018 Aston Martin DB11 Volante MRP

The DB11, pitched as a grand tourer, debuted at the Geneva Motor Show in March 2016 as a replacement to the long standing and successful DB9. Heralded as the first model launched in Aston Martin's 'second century' plan and the first car launched since the company's tie-up with Daimler AG, the...

www.historics.co.uk

Think this is the start...Expect to see more of this over the coming years from most high end vehicles using petrol and diesel.....

 

[dickygrace]

DB11’s were hugely overpriced, that’s why they’ve lost a fortune, and AM’s always did anyway. Anything good value will hold its money well. I’m certain that even though people talk of 30-40% drops, there’s no chance the good value cars will lose that immediately.
Let’s be at the lower end and say 30% for calculations. Examples of what I believe to be good value at present other than what I mentioned above:

2014 20k mile Granturismo Sport £40k, no chance it’ll be £28000 by July.

2018 15k mile Granturismo Sport £60k, £42k no way.

2015 Mclaren 650S, £90k, £63k nope.

And so it goes on....
Cars that were already overpriced and weren’t selling well, such as F430’s, 458’s Testarossas, GT3RS’s, then they may well have a serious correction, even up to 30%. Only time will tell but as petrolheads, using our gut rather than being sensationalist about it is likely to be far more accurate.

 

[midlifecrisis]

Ewan had the right idea and I can see many other petrolheads going back to more simple effective drivers cars. I'd rather buy an MX-5 and modify it.

It got silly and sillier so never made any sense. Certainly making less sense now and the immediate future. When you can get a V8 Vantage Manual for mid to low 20's.....that interests me much more.... which is why I bought one.

I think Dean's account has be hacked by Contigo with this talk of MX5s.

 

[rockits]

Agreed Dicky. Funnily enough the manufacturer's such as McLaren, Ferrari, Lamborghini, AM, Bentley, RR and all that were introducing cars at higher and higher prices milking the stupid rich have partially escaped that situation as they have sold the cars at silly prices and banked the money. The silly rich will wear the hit which most can afford to do.

The secondary issue for some manufacturers such as McLaren are finding and going to find is they are going to run out of buyers of their new cars. They will all need to shrink back down again even Ferrari. I'd heard that around 50% of new Ferrari sales were going to the same Ferrari owners that already had 4 or more Ferrari's.

The strongest, fitest and most dynamic may survive. I fear for the others. I also fear we may lose a big name brand forever which is a worry. AM are not in a great place so I hope Toto has a good plan moving forward to keep hold of his £37m.

 

[dickygrace]

Agreed Dicky. Funnily enough the manufacturer's such as McLaren, Ferrari, Lamborghini, AM, Bentley, RR and all that were introducing cars at higher and higher prices milking the stupid rich have partially escaped that situation as they have sold the cars at silly prices and banked the money. The silly rich will wear the hit which most can afford to do.

The secondary issue for some manufacturers such as McLaren are finding and going to find is they are going to run out of buyers of their new cars. They will all need to shrink back down again even Ferrari. I'd heard that around 50% of new Ferrari sales were going to the same Ferrari owners that already had 4 or more Ferrari's.

The strongest, fitest and most dynamic may survive. I fear for the others. I also fear we may lose a big name brand forever which is a worry. AM are not in a great place so I hope Toto has a good plan moving forward to keep hold of his £37m.

AM may go bang but they’ll rise like a phoenix from the flames as the badge is adored. The 007 marketing knows no bounds so it’ll always be coveted.

 

[rivarama]

AM went bust like 6 times over the past 60years... as they say, 7 times a charm