Short answer:
For general value trends I would suggest going to Hagerty -> Valuation. They also split in condition. There you can see that Pre LP (especially poor condition) is down 15%. LP cars are stable. What the bottom is, I don't know. But what I do know is that all people can't predict the bottom, and it's as silly as timing the market in a stock market. When you think your value is right, get in and enjoy it. The longer you keep it, the less you think of purchase value vs market. Worst case you never sell it / get to enjoy it for the rest of your life. I for sure would mind owning a special V10 car that is about to go extinct. You my friend are very fortunate to be in a position to be able to own one
Long answer:
I think that is typical and to be predicted in the market. A sudden move in intrest hikes, makes a certain buyers group nervous. A market downturn especially where bubbles might be or have been present (not here to speculate but certain assets classes might not really have been investments after all), might have certain husbands yelling to the wife, "sorry we can't put the kids through college anymore since my speculative gambling didn't turn out the way my cab driver told me it would." The natural reaction would be to liquidate certain toys. See housing market of 2008, internet bubble of 2000 etc. The history doesn't exactly repeat itself, but it does rhyme. When greed is overly represented it always ends in tears.
Anyway, for a while Gallardo was/is entry level supercar. I think it is in its ugly phase now where it's an old car but not a modern classic yet (think of the Ferrari 360 ten years ago). My opinion is very positive: This phase is extremely interesting for a buyer, and not a seller, because this is where opportunity presents itself. Not only for new buyers, also for existing owners that want to move to a fresher (or more rare) example of the same type. What I notice sometimes, is when the type is in a slum the really good ones get mixed with the poor examples by accident / lack of knowledge. This is how a procured all my cars in my collection. One of my cars, when I bought it had only 13.000 km and like new condition in and out, was priced very close to cars with 60.000km with previous damage. Look at Hagerty Valuations and you see an excellent Pre LP should cost 65% (128k vs 77k) more than a poor condition one. If you manage to score this value delta in your advantage, you protect yourself better against further depreciation and other cost. Have a wishlist (with multiple cars) ready, make sure you know the cars inside and out of what issues might arise and once you find the right car jump on it, or have it PPI'd. And remember in most times, but especially in dire times opportunity presents itself more where most people have less interest.
Disclaimer: Cars are in my opinion not investments so when talking value I just want to limit the cost of the hobby or maybe make a little. Don't bet your whole net worth / retirement on cars.
For general value trends I would suggest going to Hagerty -> Valuation. They also split in condition. There you can see that Pre LP (especially poor condition) is down 15%. LP cars are stable. What the bottom is, I don't know. But what I do know is that all people can't predict the bottom, and it's as silly as timing the market in a stock market. When you think your value is right, get in and enjoy it. The longer you keep it, the less you think of purchase value vs market. Worst case you never sell it / get to enjoy it for the rest of your life. I for sure would mind owning a special V10 car that is about to go extinct. You my friend are very fortunate to be in a position to be able to own one
Long answer:
I think that is typical and to be predicted in the market. A sudden move in intrest hikes, makes a certain buyers group nervous. A market downturn especially where bubbles might be or have been present (not here to speculate but certain assets classes might not really have been investments after all), might have certain husbands yelling to the wife, "sorry we can't put the kids through college anymore since my speculative gambling didn't turn out the way my cab driver told me it would." The natural reaction would be to liquidate certain toys. See housing market of 2008, internet bubble of 2000 etc. The history doesn't exactly repeat itself, but it does rhyme. When greed is overly represented it always ends in tears.
Anyway, for a while Gallardo was/is entry level supercar. I think it is in its ugly phase now where it's an old car but not a modern classic yet (think of the Ferrari 360 ten years ago). My opinion is very positive: This phase is extremely interesting for a buyer, and not a seller, because this is where opportunity presents itself. Not only for new buyers, also for existing owners that want to move to a fresher (or more rare) example of the same type. What I notice sometimes, is when the type is in a slum the really good ones get mixed with the poor examples by accident / lack of knowledge. This is how a procured all my cars in my collection. One of my cars, when I bought it had only 13.000 km and like new condition in and out, was priced very close to cars with 60.000km with previous damage. Look at Hagerty Valuations and you see an excellent Pre LP should cost 65% (128k vs 77k) more than a poor condition one. If you manage to score this value delta in your advantage, you protect yourself better against further depreciation and other cost. Have a wishlist (with multiple cars) ready, make sure you know the cars inside and out of what issues might arise and once you find the right car jump on it, or have it PPI'd. And remember in most times, but especially in dire times opportunity presents itself more where most people have less interest.
Disclaimer: Cars are in my opinion not investments so when talking value I just want to limit the cost of the hobby or maybe make a little. Don't bet your whole net worth / retirement on cars.
