Another year passes and another year of data accumulates. Cars: We All Fall in Love With Our Models Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
So if I read this correctly the asking price of a right hand drive Dino in the UK now is between 252,000 British Pounds and 275,000 British Pounds or about $416,000 USD and $452,000 USD?
Currently there are good but not great cars with asking prices circa £250k. I would expect a really good example with good provenance to exceed that comfortably. Going into the spring of 2014 I suspect prices will at least hold firm.
I was trying to post the 2013 raw data here, but after eight years, I have now reached my data limit. I will therefore post it as an addendum on my blog. Cars: We All Fall in Love With Our Models and maybe someone else can copy it over here. Apologies. The question it seems to me is never "which cars are being offered for sale?" anyone can offer a car, at any price. The question is, "at what price are they selling?" which is invisible in most transactions outside auctions. The highest dealer price I have had two good sources on was £235k (ie. the seller and the buyer) At auction the range (inc premium) was £161-£237k, but there were only three RHD cars sold this year. There are of course many different factors that affect a sale: Seasonality, quality, reputation of the vendor/dealer etc. Also as most cars are sold "Sale or Return" the asking price bears no relationship to the cost of the stock held (as it's not on the dealer's balance sheet). I do wonder if they just copy their prices across from the graph I put out from time to time or copy them from Pistonheads. This would explain the Lemming like flocking behaviour of prices (and divorce them from supply and demand as it happens, which is what interests me) I was handed a copy of my own work by a very reputable UK dealer (who had no idea I wrote it) last year to justify the prices he asks. To be fair, when I declared my hand and admitted I wrote it, he was extremely helpful in getting me access to some of the non-public data sources.
This is why this data is so useful. As you say, asking prices are of little utility. I suspect the answer to the question of why so many low mileage cars are coming on the market is that long-term owners who love their cars are saying "Well, I really don't want to sell but I guess if someone is willing to pay $400K USD maybe I should."
My theory on low mileage is more cynical. Once cars get to 99,999 and click over, then people start being economical with the truth using phrases like " Showing only Xk miles, believed to be genuine" which is true, but totally misleading.
I just turned down $125 for a basket case w/rebuilt engine and all body work done waiting to paint. I thought that was a fair offer since I didn't remove body. Just want to finish the car since parked in ,82
