As prices go down I bet the quality of available specs will too as some impatient buyers will just be willing to pay a bit more now for good specs. Waitlists haven’t gotten any shorter.
Huracan pricing bubble
I don’t know about anyone else, but these prices are getting out of control. Evos with 5k+ mileage asking for 350k plus?? Performantes in the high 300 low 400 range? 610s approaching 300? At some point this has to relax a little. I’m just some old guy venting that when he finally has enough to purchase the cars that the asking price keeps getting higher and higher.
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Why though? We get millions of new millionaires every year .. lambo only builds 10.000 cars every year. So the demand is increasing, not decreasing. (social media is playing a big role in the increased demand and that won't stop)You can guess where prices will be in 6 months if inventory doesn't decrease in the next month or two.
We have hundred of thousands rolex watches sitting at secondary market dealers since 3-4 years, and still prices keep rising (now they stagnate a bit, but let's see for how long).
So me, personally, i don't see a significant price drop in the near future.
Out of curiosity, does anyone know what used inventory was like in the past compared to the number of vehicles on the market today?
In Canada, the amount of H are about the same as 2020 which is between +- 25-32 cars. Now around 23+ cars for sale.
@Leon I agree, DDE, stradman and other youtubers are propelling the young crowd into super cars. I think the main reason the C8 Corvette now has a rear engine and a new exotic look a little bit like a Lambo is to capitalize on social media hype that attracting so many young adults. An obvious fact are chrome wheels are not even available on this model(A favorite among the older crowd). They are starting on a clean slate and trying to distance themselves a little bit from the retirees. Now the Z06 sounds like a true exotic!
I am among that crowd, after seeing the Italian car parade, and even though I despise how DDE got his money before making videos, I was inspired by the talking heads into making more money to get an exotic.
Air cooled Porsches shot up in 2014 but never came down. Car prices are always sticky on the way down. I wouldn't bet on big haircuts initially. It will be a slow melt.
Rock bottom interest rates, QE, PPP, easy gains in RE, stock market, crypto were minting millionaires at a ready pace over the past 2 years but those days are coming to an end.Why though? We get millions of new millionaires every year .. lambo only builds 10.000 cars every year. So the demand is increasing, not decreasing. (social media is playing a big role in the increased demand and that won't stop)
We have hundred of thousands rolex watches sitting at secondary market dealers since 3-4 years, and still prices keep rising (now they stagnate a bit, but let's see for how long).
So me, personally, i don't see a significant price drop in the near future.
Lol, seriously? How many young people are actually buying supercars tho? Not many so I don't buy this whole YT'bers are propelling the young crowd into super cars and that in some way is fuelling this market.In Canada, the amount of H are about the same as 2020 which is between +- 25-32 cars. Now around 23+ cars for sale.
@Leon I agree, DDE, stradman and other youtubers are propelling the young crowd into super cars. I think the main reason the C8 Corvette now has a rear engine and a new exotic look a little bit like a Lambo is to capitalize on social media hype that attracting so many young adults. An obvious fact are chrome wheels are not even available on this model(A favorite among the older crowd). They are starting on a clean slate and trying to distance themselves a little bit from the retirees. Now the Z06 sounds like a true exotic!
I am among that crowd, after seeing the Italian car parade, and even though I despise how DDE got his money before making videos, I was inspired by the talking heads into making more money to get an exotic.
QE, easy gains in stocks and crypto are not coming to an end…..already knocked the **** out lol.Rock bottom interest rates, QE, PPP, easy gains in RE, stock market, crypto were minting millionaires at a ready pace over the past 2 years but those days are coming to an end.
Housing, cars are next.….
Bingo.Rock bottom interest rates, QE, PPP, easy gains in RE, stock market, crypto were minting millionaires at a ready pace over the past 2 years but those days are coming to an end.
The markets are plunging off the cliff, some people have lost half their net worth but there's still people on this forum who actually think mass produced supercar market will keep surging. I'm lost.
To the moooonnnnnnn!!!!!!Bingo.
The markets are plunging off the cliff, some people have lost half their net worth but there's still people on this forum who actually think mass produced supercar market will keep surging. I'm lost.
Buy the dip!To the moooonnnnnnn!!!!!!
Personally I think it’s just a market adjustment, albeit a harsh one. The stock market skyrocketed during peak COVID despite half the world being shut down. There are still shortages everywhere. I think that it will take a couple years for car production and inventory to go back to normal so until then new and used car prices will still be inflated, however they will slowly decrease over time.Bingo.
The markets are plunging off the cliff, some people have lost half their net worth but there's still people on this forum who actually think mass produced supercar market will keep surging. I'm lost.
But how many people are going to risk taking delivery next year with so much uncertainty? And if used car prices start to trend down how many of these buyers and possibly flippers are going to cancel their orders?Personally I think it’s just a market adjustment, albeit a harsh one. The stock market skyrocketed during peak COVID despite half the world being shut down. There are still shortages everywhere. I think that it will take a couple years for car production and inventory to go back to normal so until then new and used car prices will still be inflated, however they will slowly decrease over time.
I've seen this scenario play out before back in 2016/17 locally, orders books were full but we had a downturn and next thing you know it my dealer had so many cars they had to store excessive inventory in a warehouse.
Havent heard this too much latelyTo the moooonnnnnnn!!!!!!
Or the Reddit AMC “apes”
I think it will take a while (1+ year) before H prices trend down. From the finance threads in the past, it seems like most owners pay cash or finance a small portion of the purchase so why would they sell at a discount? There were some low mileage Huracans asking $250-260k CAD a few months ago in the market, now the cheapest one is closer to $300k even with interest rates going up / new model announced / looming recession. Furthermore, the dealers I've talked to in the last 2 weeks aren't even willing to negotiate a $1k discount on a $200k+ car, max they're willing to go down is $500 which is obviously nothing. I guess time will tell. I just want to get one for $240-250k so I don't need to worry about depreciation 😭
Nobody can predict the exotic car market. Sure, it’s easy to parrot the talking heads on CNBC but it’s not that clear cut. A case can also be made for people holding onto (or acquiring more) hard assets in an inflationary period - particularly exotic cars where the future is uncertain and people would rather have a bird in the hand than risk being disappointed by a turbo V8 Huracan replacement.
My stock portfolio has taken a hit but my Lambos still look as good as they did 3 months ago. Better in fact.
My stock portfolio has taken a hit but my Lambos still look as good as they did 3 months ago. Better in fact.
We're not at the panic stage yet but it's coming...
Maybe, maybe not.We're not at the panic stage yet but it's coming...
Buy gold if you want a hard asset. Why buy a car that has maintenance and insurance costs? Buy real estate that you can rent out for cash flow. Holding a car has negative cash flow annually…..Nobody can predict the exotic car market. Sure, it’s easy to parrot the talking heads on CNBC but it’s not that clear cut. A case can also be made for people holding onto (or acquiring more) hard assets in an inflationary period - particularly exotic cars where the future is uncertain and people would rather have a bird in the hand than risk being disappointed by a turbo V8 Huracan replacement.
My stock portfolio has taken a hit but my Lambos still look as good as they did 3 months ago. Better in fact.
This is a perfect comment to end this thread on.Buy gold if you want a hard asset. Why buy a car that has maintenance and insurance costs? Buy real estate that you can rent out for cash flow. Holding a car has negative cash flow annually…..
What I meant is a portion of the young crowd, of course not they aren't fueling the entire thing! Like a lot of things in life a mixture adds up to a whole.Lol, seriously? How many young people are actually buying supercars tho? Not many so I don't buy this whole YT'bers are propelling the young crowd into super cars and that in some way is fuelling this market.
What I define as a young crowd isn't necessarily 20 year old's. What's the portion I don't know but more new owners than if there weren't any recent youtubers.
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