[Luzifer]

Understood. I have listened to both arguments presented to date i.e., the V10/V12 NA engines being last of breed and will hold their value long term, and the contrarians, there are far too many produced for present values to hold long term. I am of the latter camp, but as you indicate, no one knows when the bubble will burst.

If that would be the true case of ICE cars the gallardo could of easily doubled in price but it didn't.

 

[Luzifer]

Good observation! I don’t follow the market on older cars beyond 5 years or so…..

At first I was looking at the listings for Gallardo's on a daily basis(2019-2020) and they got as low as 105K and most of them in the 130K+ range. Today a lot of them are still in the 130K range which leads me to believe most of them have not gone insane.

However crazy enough the other half of the listings now sellers are trying very hard to gouge and price them as high as 2015 Huracans! They have been sitting there for months and months.

 

[Luzifer]

150+ Evos for sale alone in the US. That’s a lot of cars even though it may not seem like a lot. Not to mention quite a few show reduced price as of late.

Probably flippers?

 

[Luzifer]

All of them with delivery miles 100%

Hard to say, but I think there’s quite the selection currently. It’s hard to believe how few buyers there really are for these cars. Unless you live in Miami, Beverly Hills, or Orange County, chances are you’re the only person in your neighborhood with a Lambo. Of course there are many exceptions, but you get the point.

Then that might be the reason there's so many cars available in the US, those who thought to make a buck just for resale.

Here it's the opposite, only 22 cars available in the country. One at 260K then jumps up to 295K,+++. I wouldn't be surprised in those high price range it's probably related to BC tactics.

In my city they are definitely not rare and I'm amazed at how many I see when a lot of you guys live in big US states and don't see them often. My current count is about +-20 of them. I didn't count how many I photographed but I met another guy on the weekend who just got his EVO 2 months ago. Looks like another EVO I photographed 2 weeks ago is now for sale for an insane amount too!

 

[Luzifer]

In China, STOs supposedly are not in demand and have to be discounted. Porsche GT4RS sell at sticker. Too bad their import duties are too high, or you’d be able to import them for profit. They are left hand drive there, unlike the UK. I can understand 10-25% market differential but some of these are insane.

I guess it looks too extreme for them? Thar's the car I truly want in the Huracan line up. No other cosmetic mods needed for me.

 

[Luzifer]

What are prices like in Canada? How far off are they?

Snippets :

 

[Luzifer]

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.

 

[Luzifer]

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 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.

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.

 

[Luzifer]

I'd imagine that the number of their younger viewers who're actually in a position to buy a car in this range is miniscule.

When I think younger viewers I think those who are in their 20's, 30's, 40's. Those videos will give some the spark to go out there and earn more or like Dave said reverse engineer a plan to get there. I know it fueled me even more and I changed my strategy.

What I read on other forums on how much a lot of young American employees make they aren't out of reach as much as I once thought.

 

[Luzifer]

I've set up a new business, I now sell balloon poppers, get yours today while supplies last, for a low price of $225 each.

 

[Luzifer]

This Huracan bubble is just getting insane 🤪

The taxes alone will buy a brand new STO!

Tomorrow their phone is going to ring off the hook of the typo and people lining up with pitch forks. Do people still have pitch forks these days?

 

[Luzifer]

Just thought of something for the bubble in Canada, would the Luxury tax whose still being heavily pushed, persuade buyers to frantically try to get a car before the tax goes into effect?

Just read an article and it says :

The tax will also apply to improvements or aftermarket modifications made at the time of sale — and will be added to the final sale price for the purposes of calculating GST and applicable provincial sales taxes.

 

[Luzifer]

Yup and don't be surprised if some buyers panic and pay crazy overs. The question that remains is what happens after the tax and what happens to all the people who have cars on order, will they cancel their orders?

If there's so many people waiting in line right now for a new car and one of them cancels due to the tax, the next one will go for if if not the 3rd guy and so on. I think most people who buy new have lots of money to begin with, I think someone will just say screw it and go ahead anyway.

And after the tax.... I'm continuing to save and waiting for reasonable prices to come down, maybe pay a little more if I have to but not a ridiculous amount. Maybe buy a different car or just drop the idea altogether and do what with the money?

 

[Luzifer]

I’d place all of your politicians in jail.
That’s like paying taxes on a new home purchase and then being taxed for getting the walls repainted.
Fd up

Exactly! I think there's going to be a lot of behind the scenes going on.

Unfortunately Sports car owners won't go and protest in front of the parliament like the truckers did. I scratched off my comment on the subject, F-that, going do a road trip with my GF today spend another $100 on gas this weekend, and enjoy eating out and effectively crossing off another week in my calendar.

 

[Luzifer]

Add another 2 brand new cars on consignment being "milked" One Evo and one STO. Sad to see it deprives true enthusiasts getting a car.

 

[Luzifer]

Six more Huracans popped up for sale in one week, now at 32 on autotrader, and everyone trying to sell higher than the other dealer or private seller.
Two that made me chuckle, both 2021 Evo Spyders, asking 478K and 489K for them!

 

[Luzifer]

Crazy!
But the true market is not seen by the highest asking prices. It’s by the lowest prices being offered because you assume those are the ones being transacted…..

This post continues to age nicely 😎

Screen shot for future reference :

 

[Luzifer]

You need to post more listings-

I'm not sure understand but did you mean to post all the high priced vehicles?

I'm not 100% sure but if I remember correctly the Super Trofeo car was the most expensive car last year. it's starting to look like a bargain and can't even be street driven either!

 

[Luzifer]

You only posted the super high priced ones. I posted a couple that were under $400K. These are the more realistically priced ones as they’re more likely to transact than those near $500K.

That was my point to show the over the top ones. They keep listing car prices higher and higher, seems like a competition to the top.

 

[Luzifer]

Something that no one seems to talk about are laundromat cars. Taboo or not I think high priced cars would be prime candidates. There's a bunch of them here.