I have been offered a SLS with £30,000 options for £170k and the dealer predicts £80k depreciation in two years. Plus V12 Astons new with £30k discount.
The market is on it's knees.
The market is on it's knees.
McLaren/Aston/Lambo/MB Depreciation?
I was taking a look at the broader supercar/sports car market earlier and my impression is that depreciation on the 12C is actually pretty light compared to the hit you would take on several other models/manufacturers. The DBS looks like the depreciation king with all the other V12 Astons not far behind. The Mercedes SLS or SLR don't seem to hold much value either. Lambos look a bit better but not by a lot.
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How long has the Ferrari FF been out??? Ive heard of a £56k discount off a new one!!!I have been offered a SLS with £30,000 options for £170k and the dealer predicts £80k depreciation in two years. Plus V12 Astons new with £30k discount.
The market is on it's knees.
Shame about the guys who bought new a couple of months ago,that would be £80k loss in less than 3 months
That is if you had to trade with a ferrari dealer??!!Here I am as expected- these are mostly V12 usually bad news regardless of manufacturer.
Ron said the car ,service and experience would be the best in the market refering to a v8. Depreciation is a painful experience and a site worse than Ferrari. So aim for the best not the worst.
reality is if you need a check for a 12c today you would get no more than 140k (if that) on a car that with options cost circa 190k. Savage and not on line with Rons commitment.
Only time will really tell (how much time is a question) my bet is they will strengthen
Ron said the car ,service and experience would be the best in the market refering to a v8. Depreciation is a painful experience and a site worse than Ferrari. So aim for the best not the worst.
reality is if you need a check for a 12c today you would get no more than 140k (if that) on a car that with options cost circa 190k. Savage and not on line with Rons commitment.
Only time will really tell (how much time is a question) my bet is they will strengthen
Thats a bit more glass half full than glass half empty Bruce,i think your impending trip is affecting your judgement !! Crap for everyone,enjoy your Holiday,drive safeHere I am as expected- these are mostly V12 usually bad news regardless of manufacturer.
Ron said the car ,service and experience would be the best in the market refering to a v8. Depreciation is a painful experience and a site worse than Ferrari. So aim for the best not the worst.
reality is if you need a check for a 12c today you would get no more than 140k (if that) on a car that with options cost circa 190k. Savage and not on line with Rons commitment.
Only time will really tell (how much time is a question) my bet is they will strengthen
Is this another UK-only thread or are Americans allowed to comment too.
6E,in my book everyone can join in,sometimes we dont even understand what we are talking about!!Is this another UK-only thread or are Americans allowed to comment too.
Open to all.Is this another UK-only thread or are Americans allowed to comment too.
how will the spider do? It certainly does look more exciting than the coupe, and could end up selling fewer numbers here in the uk, but at around £220k versus a used coupe at £160k...?
We welcome your comments 6th.
I think the spider will only be relevant if 50% of UK coupe owners trade up.Making even more unwanted Coupes
Despite being the largest market in the world per capita buying convertibles I would be surprised if this happens due to the cost to change.
If I am wrong I will put my Coupe on ebay and in any event it may well be worthless anyway in 2 weeks time because it will have done over 3000 miles in this stupid mileage sensitive Country.
I think the spider will only be relevant if 50% of UK coupe owners trade up.Making even more unwanted Coupes
Despite being the largest market in the world per capita buying convertibles I would be surprised if this happens due to the cost to change.
If I am wrong I will put my Coupe on ebay and in any event it may well be worthless anyway in 2 weeks time because it will have done over 3000 miles in this stupid mileage sensitive Country.
My sticker on the V12V was 195K. I have had it for about 2 years and the number I could expect is about 165-170. That's about 20-25%. I would assume that the 12C will go down around 10%/year in line with other special brands. It really becomes about the number of cars that are available. Ferrari limited their cars and had few models to choose from. Now with 4-5 and a dilution, even they are seeing a drift in re-sale values. Every time a company produces a four door or an SUV with their badge, they get perfusion in to the housewife market and family car circle, you see their numbers go crazy. At the same time the utter number of their cars available in the used market expands and they seem more attainable and thus the trades go down and the values with them. I think that the age of the model or version has a lot to do with it also. The Gallardo is 10 years old and they have made well over 10,000 cars. That's staggering. If Mclaren keeps the number of models modest and avoids the 4-door submarine, I think that they will keep value. If they continue to offer improvements to previous owners, they will also keep better value.
My sticker on the V12V was 195K. I have had it for about 2 years and the number I could expect is about 165-170. That's about 20-25%. I would assume that the 12C will go down around 10%/year in line with other special brands. It really becomes about the number of cars that are available. Ferrari limited their cars and had few models to choose from. Now with 4-5 and a dilution, even they are seeing a drift in re-sale values. Every time a company produces a four door or an SUV with their badge, they get perfusion in to the housewife market and family car circle, you see their numbers go crazy. At the same time the utter number of their cars available in the used market expands and they seem more attainable and thus the trades go down and the values with them. I think that the age of the model or version has a lot to do with it also. The Gallardo is 10 years old and they have made well over 10,000 cars. That's staggering. If Mclaren keeps the number of models modest and avoids the 4-door submarine, I think that they will keep value. If they continue to offer improvements to previous owners, they will also keep better value.
I agree with that.
Mclaren had the right intentions to start with, ie build limited number to order.. well the dealers ( at least in the US) fucked that up and tried to get rich quick and have ended up screwing the brand in the short term at least. Everyone complains about Ferrari, and rightly so but they do control their market. 4 years ago when the 612 value was dropping like a stone they just stopped building them for a year, supply dried up and value stabilized.
People want what they cant have.
I think as Mclaren figure out the "real" market demand they will have a better picture and build & supply accordingly and values will hold and maybe even come back a little positive, SLR values are actually going up.
The other thing Mclaren got right is building the best product in the market, Mercedes, Lambo,Audi etc are trying to take on Ferrari with an inferior product at the same price point, build it huge numbers, just never going to happen.
Build a better product make a limited number and the market will adjust.. What the spider does to the demand will be interesting.
+1, I am sure McLaren will figure it out. The learning curve is always a bit painful and you can''t forget that McLaren is basically completely new to the consumer market. In terms of past experience, the F1 really doesn't count as it was made in such small numbers and people forget that McLaren did have trouble moving all of the F1s originally.I
People want what they cant have.
I think as Mclaren figure out the "real" market demand they will have a better picture and build & supply accordingly and values will hold and maybe even come back a little positive, .
Plus Mclaren can't avoid the current market conditions. This week I have been offered 11% minimum by Merc, BMW and Audi on a new 4x4 softroader. Even on models yet to be launched!
Mclaren ,it would seem to me, is in a very unenviable position. They surely must have HUGE start-up costs, and must produce and sell a large number of cars, relatively speaking, to meet their financial obligations. So you can forget about limiting production to maintain re-sale values. For those of you who own your own businesses you'll understand that fixed costs can't be met by limiting sales. Unless you way over-price your product. Also, the'y've set their sights on the most elite in the high end auto industry and have come out with a simply great car, albeit less than perfect ,e.g. Iris. Not a real confidence builder for a market that expects PERFECT for this kind of money. and in this economy, there are only so many individuals that can afford this kind of money. I would not want to be in their shoes.
I am from Singapore. Astons depreciate like a ton of bricks. Love the 12 cylinder Lambo but the depreciation is terrible. The SVs were sold new for about 700K pounds, asking for 480 pounds for a 2 yr old : ouch. Best depreciation is also the 8 cylinder Ferrari. Had 4 8 cylinders and lost between 7 to 10% per yr. Sold the 458 not long ago and lost 7%. Thinking of trading in the 12 C for the spider and by the time it arrives here, it will be about a year of ownership and i hope to lose about 10% or a shade less. My 12 C should be the first re sale as i took delivery of the first car.
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