Ultra Luxury Car Prices Plunge

"Average list prices of Lamborghini used vehicles declined 56% to $207,000"

I have been watching the used Huracan market, and the above sure isn't true....same with Aventadors, they haven't depreciated more than what I would term as regular depreciation. And of course, the Miura, Countach, and Diablo markets are doing just fine.

Have no idea where the statistic comes from, or if it has any real meaning other than shock value

 

To me, the article headline seems like an oxymoron. Why would these car makers sabotage their own markets?

Rolls-Royce, Aston Martin, Lamborghini car prices plunge as ultra-luxury market expands

The author also seems to be mixing apples and oranges- does he really mean the new car market or the used car market?

 

that number is nonsense for regular production cars. Just like Haggerty numbers are nonsense for values in many cases.

 

Didn't see Ferrari mentioned once. Nor do I care what speculation USA Today has to offer

 

In the end, and in the big picture, it would seem to me that a lot of these cars will eventually suffer some big depreciation.

30 years ago there were essentially 3 super car manufacturers (Ferrari, Lamborghini, Aston Martin). In total, they made less than 5,000 cars per year.

Now there are probably 10 manufacturers ant they probably make 50,000 in total. So - lots of supply of future used ones.

Who has any interest in all of those used super cars? Who is going to buy them. Who is going to pay to maintain and repair them? Most people have no interest in them, much less in owning them.

Now, I will say that in the mid-1970s that there was no interest in owning or repairing old exotic cars. But the big difference is that in those days so many fewer new ones were being made and there was only a tiny backlog of used ones.

 

Next recession the prices on all these cars will plummet - the new cars with MSRP’s of 300k + will be decimated. A few of the manufacturers will go out of business, and the luxury car mkt will be devastated. IMHO.

Are cars a leading indicator? I still can’t believe the appreciation starting in 2009 - some asset classes are still appreciating, however collector cars have deprecated over the past 12-18 months.

Could Mclaren survive a good old fashion recession ?

Could Bentley, Lamborghini, Bugatti, etc all?

Would the Board @ Ferrari continue in F1?

Who knows?

 

Im not sure if plummeting is such a bad thing, to me it means that the cars may now be fairly priced, rather than commanding a big jar of K Y jelly to ease the pain lol

 

Doesn’t seem to bother Ferrari as the stock is now at $153.

 

Visited the Lamborghini factory last month. If I believe the tour guide...every car being built has already been sold...made to order basically. Every work station has giant digital clocks counting down how much time each station has before the car must move on. Of course they are bankrolled by VW, not by the marketplace, they are a trophy bride for Volkswagen.

I think the future of the long term market for super cars lies with the nature of today's buyers. Is it a fad to most of them? Or does the purchase come from a real passion for the object? We know that electric supercars will soon begin replacing the ICE. How will we feel about those cars? Who even buys cars today? How many are leased and turned in by two years to get the next big thing.

Does anyone remember when people had "keepers"...a car you loved so much you couldn't conceive of selling it? Do any of the modern super cars generate enthusiasm beyond a couple of sets of sticky tires and then appreciation vs depreciation?

I'm already priced out of the modern car market. But any slump that puts the Keepers I Let Get Away back in my grasp is fine with me.

 

If exotic cars are everywhere... Are they really exotics? If they are no harder to drive and just as comfortable as a Camry, are they really truly exotic? If they make as many as they can sell, and if everyone joins in on it, they aren't exotic anymore.

 

Good point, where I spend a lot of time, Ferraris, Lambos are everywhere, and just as another poster here asked . are they driving them because of a genuine love or passion for the marks ? In most cases, absolutely not . I was in my Ferrari yesterday, while getting ready to drive by a guy in a beautiful Gallardo, he and I paused in the middle of the street, our cars facing the other way, took the time to talk for a few seconds before horns started blowing, it was pretty cool with that being said, its a rare occasion. In the same downtown area a guy driving a California passed by me with a stupid ass look on his face, another idiot behind the wheel of a Ferrari . I may be judgemental, I know .

Thank you

 

They are no longer exotics. The only exotic left is Pagani. These are "luxury" brands and that has been has been dumbed down too. It is analogous to the European fashion houses who were once ateliers that now produce overpriced mediocre merchandise.

 

Let's not forget Koenigsegg. Fwiw, Pagani uses M-B AMG engines.

 

I hope so.
I had my eyes on the 675LT and 2-3 years ago they were going for 400+
now they are mid 200's
Hopefully in two years....

 

Manufacturers are pumping out new models, new variants, new special editions, etc at a rapid pace these days.. All while upping production numbers overall. By the time you take delivery of your spec'd new car, within a year, they are already debuting the model replacing yours.. Or coming out with a "mid life" update, which is every couple years now. The markets are becoming flooded, new and used. Yeah, there are more millionaires than ever.. However, many just want the latest and greatest thing to show off. A 2 or 3 year old Ferrari or Lambo is completely off their radars. The used car market is becoming overwhelmed by these modern day exotics that you can almost consider "mass produced" in a sense. There's just so many cars to choose from these days, all with very similar specs, which buyers will never be able to use 90% of the car's capabilities anyways. And yeah, a recession or market collapse would spell disaster. I just don't know how this pace can continue, that includes both primary and secondary markets.

 

I was at the rolls Royce dealer last Friday looking at a cullinan and a brand new phantom was $80k off....that will never happen to ferrari

 

I know honda is putting money in trunk for the new nsx's too, do you have more information about cash in trunk for the rolls? I'm very interested

 

How many of these cars are leased instead of sold? MB and Porsche are doing a subscription model. MSRP is a joke. All that matters is cash on cash.

 

dont vehicles usually lose 1/2 value in 3-5 years anyhow? is this really news.....

AMG has been destroying resale value for a decade +

 

ALOT of money sloshing around right now. Might be a leading indicator but I doubt it.
Ast0n has always been like AMG in the depreciation department. Look at the DB7.. No news here IMHO

 

Bring on the recession. In the last recession I bought a Mercedes AMG with a MSRP sticker of $130K for $37K. It was only 2 years old with 15K miles. Now that’s depreciation! There are a lot of people out there that over extend themselves and there are a few additional cars that I would like to have.

 

For guys like me who love to drive their Ferraris I am looking forward to great pickins' in the secondary market.

 

Monthly payment plus up front money? The envelope then the nut?

 

For someone who doesn't mind shelling out say $2,500 a month forever, a shiny new car every year is the way to go.