[static_analysis]

People with real Money, I mean more money than you or I will ever have, don't buy cars off of BAT. They (or their Assistants assistant) call a dealer and tell them what they want. Another assistant pulls the money from the secondary petty cash drawer and they go buy the car for whatever the dealer says. Then a week later when they get bored with it, they trade or sell it back for 30-50% of what they paid to the same dealer who has the new shiny thing for them to buy. A dealership I'm associated with has sold the same car to several clients 10+ times over and over, repeating the cycle. It's insane.

Yup, these guys with 10, 20, 30 million+ buying watches for six figures don’t care too much about buying an overpriced Lambo that they’re going to sell back anyway. This will buoy the prices in the market and keep them higher than people would like them to be. There’s enough of these people out there.

 

[Hogdogfatkat]

just saw this one... Whats wrong with it?
View attachment 322531

Looks like it was a typo @Rampante21 . They have it at $234,000 now .

I see a private party H from Austin that was pulled off CG and now listed on AT for 15k less at 208,500.

 

[angry banker]

Yup, these guys with 10, 20, 30 million+ buying watches for six figures don’t care too much about buying an overpriced Lambo that they’re going to sell back anyway. This will buoy the prices in the market and keep them higher than people would like them to be. There’s enough of these people out there.

There were plenty of those in the market before things went crazy in 2020 and a lot of new money was pumped in, inflating the buyer pool and pushing prices up. Lambos were the official car of bitcoin bros, after all. If demand hasn't since significantly evaporated for this car, there wouldn't be huge amounts for sale on Autotrader right now. Who knows how low it will go and don't think it'll go as low as 2019 but we're still a long way off from there.

 

[Huracaan]

But how many cyprto bros actually made a enough for a Lambo? I bet the % of crypto buyers is very small.

 

[Luzifer]

I had hopes in in 5 week(February) in the dead of winter prices would start to decline but still zero signs of movement now. I'm beginning to think they'll want to keep prices maxed out until the new generation or cars become readily available. Seems like all this talk about floor plan loans and dealers having difficulty I see on youtube doesn't really apply to these ultra luxury car dealers. Looks like they have plenty of cash to wait it out for a very long time.

 

[SpiderBull16]

I had hopes in in 5 week(February) in the dead of winter prices would start to decline but still zero signs of movement now. I'm beginning to think they'll want to keep prices maxed out until the new generation or cars become readily available. Seems like all this talk about floor plan loans and dealers having difficulty I see on youtube doesn't really apply to these ultra luxury car dealers. Looks like they have plenty of cash to wait it out for a very long time.

I think you're likely correct that they can play the longer waiting game.
Just curious - how pricey / realistic is it to purchase a US car and import it to Canada? I saw a lovely AB Huracan for sale that's right in your price range (less than $200K USD) but unsure if it's worth the hassle (or potential expense) to take it up there.

 

[Luzifer]

I think you're likely correct that they can play the longer waiting game.
Just curious - how pricey / realistic is it to purchase a US car and import it to Canada? I saw a lovely AB Huracan for sale that's right in your price range (less than $200K USD) but unsure if it's worth the hassle (or potential expense) to take it up there.

I posted in October(Link below) the costs of importation of an H at 229K USD and it's not possible. Our money is worth nothing and it would amount to 386K CAD.

Huracan pricing bubble

Is it easy/feasible for Canadian buyers to purchase USA cars and import them into Canada?

www.lamborghini-talk.com

 

[SpiderBull16]

I posted in October(Link below) the costs of importation of an H at 229K USD and it's not possible. Our money is worth nothing and it would amount to 386K CAD.

Huracan pricing bubble

Is it easy/feasible for Canadian buyers to purchase USA cars and import them into Canada?

www.lamborghini-talk.com

Holy crap, I knew the Fx rate was terrible but didn't realize Trudeau screwed you guys so bad on the import process. Oh well!

 

[Huracaan]

All 5 Lambo dealers in Canada are owned by automotive groups that have very deep pockets and they can sit on the cars for another year.

Also the intake of used cars is non-existent so it's not like they're sitting on a ton of used cars. The reality is there is no fire sales as predicted 6 months ago but you are are seeing small price adjustments.

 

[Russk]

I guess this is good news for those of us who might be selling. I never thought it would have lasted this long. I was surprised when Albert Lambo2018 said he lost money on both cars.

 

[SpiderBull16]

I guess this is good news for those of us who might be selling. I never thought it would have lasted this long. I was surprised when Albert Lambo2018 said he lost money on both cars.

Yes, I still don't understand why he lost money. Very surprising.

 

[Huracaan]

I guess this is good news for those of us who might be selling. I never thought it would have lasted this long. I was surprised when Albert Lambo2018 said he lost money on both cars.

Hard to believe unless the cars were over spec'd.

 

[Luzifer]

Holy crap, I knew the Fx rate was terrible but didn't realize Trudeau screwed you guys so bad on the import process. Oh well!

We are hit with the exchange rate and duty fees, I just bought a $370 USD 1/12 scale model H and end result is $673 CAD ($87 duty fee included).

I'll have to be patient for at least another year, I would probably give in if I'd see a high mileage Arancio at 240K CAD but these guys are making sure to keep them more expensive than black or white cars. Just to think in 2021 there was one at 215K and now it's at 290-300K.

 

[Lambo18Feb]

I guess this is good news for those of us who might be selling. I never thought it would have lasted this long. I was surprised when Albert Lambo2018 said he lost money on both cars.

Where did he say that? I remember reading that it was a win win for both him and the dealership.. no?

 

[Rcasa20]

Hard to believe unless the cars were over spec'd.

Dealers are in business cause they make money as you know. Charlotte probably took him for a ride…twice.

 

[2Tired]

Where did he say that? I remember reading that it was a win win for both him and the dealership.. no?

Here's the specific post.

Did we lose lambo2018?

If you sell your cars because the local dealer has to keep your car for a few days for service then you are a strange human. i've dealt with Austin a lot and although they might not handle everything extremely fast, the experience is good. I personally can care less if the dealer needs the car...

www.lamborghini-talk.com

 

[Huracaan]

Dealers are in business cause they make money as you know. Charlotte probably took him for a ride…twice.

Sounds like it because dealers are still paying over list for STO's. Not crazy overs but no owner is taking a hit unless you put $100k in options.

I have no idea what sort of deal he had with Charlotte but he was definitely taken for a ride and maybe that's why he walked away from the brand.

 

[lambo_dream]

I would look into private sellers. Dealers don't seem to be scooping up private deals like they were a year ago and some sellers seem to be panicking about the economy/upcoming recession and want to sell before things get worse. At least that's how I found my last car. Driving is more fun than waiting

 

[RCorsa]

Yep over sticker cars are moving slowly! I bought a MSRP 2022 urus 3 weeks ago and last week I was offered a new STO at sticker from a large dealer. I’ve personally never paid more than sticker for a car but the days of 3-5% discounts off MSRP are still a ways off most brands

 

[Huracaan]

It depends on the model. The STO which is nearing 3 years in production and the current Urus which is an outgoing model will likely be selling at list whereas the Tecnica, Sterrato and U S/Perf will likely be selling over list