[bolteon]

2022 STO on Cars and Bids. 5 days remaining: 2022 Lamborghini Huracan STO - ~352 Miles, 631-hp V10, Verde Selvans, Full Exterior Carbon Pack

Holy repetitive photos Batman!

 

[bolteon]

Dealers seem to have plenty of cash to hold as long as they want.

The longer they hold out, the more worthless these cars become. Holding out because they have the money to pay loans or whatever isn't their Achilles. Time is.

 

[bolteon]

I know it’s a rental but still funny.

 

[bolteon]

2022 Lamborghini Huracan STO - ~352 Miles, 631-hp V10, Verde Selvans, Full Exterior Carbon Pack

This 2022 Lamborghini Huracan STO is for sale on Cars & Bids! Auction ends February 1 2023.

carsandbids.com

Guessed within $5K of final price!

Glad to see it land under MSRP... the bubble has popped. This thread can be closed now.

 

[bolteon]

This traded about $10K over, so STO market has popped.

2022 Lamborghini Huracan STO

Bid for the chance to own a 2022 Lamborghini Huracan STO at auction with Bring a Trailer, the home of the best vintage and classic cars online. Lot #94,318.

bringatrailer.com

STOs were as high as $120K over at wholesale at the peak for delivery mile cars. If they get to the mid $300s, I will look to buy again

Something something, unlovable spec.

background popping noise

 

[bolteon]

The market is just weaker. This was offered overpriced to begin with and still probably is. Pricing history on this car shows a declining market for sure. Nothing wrong with this spec, just a bit of a poverty spec

https://www.cargurus.com/Cars/t-Used-Lamborghini-Huracan-LP-640-4-STO-Coupe-RWD-t96482#listing=321104825/NONE

I'll go console that car when I stop by NB later today. Poor thing.

 

[bolteon]

I'll go console that car when I stop by NB later today. Poor thing.

Such plebe, poor thing indeed.

 

[bolteon]

Back to the bubble, I'm wondering if used cars dealers up here are going to try and corner the market until people start dumping their Evo's for the new H replacement, maybe in 2024/2025? The bubble has been ongoing for 2 years now!

They're only hurting themselves by doing that... time isn't stopping while they hodl.

There is a very specific reason why Ferrari sold more cars last year than ever before, and I don't think it doesn't have anything to do with Bull availability.

 

[bolteon]

The market is much stronger than 99% on this thread predicted. Pricing is just more realistic but certain cars are still over priced IMO.

Ehhhh, I would disagree.


Theres been a reduction of around 20% on asking prices over the last 8 months. That’s a lot.

There’s more coming, and those pulling trigger now are paying $250k vs $300k.

 

[bolteon]

Possibly

At this point, it's more than possible. I would say likely.

I sorted by the cars listed the longest, I dont see many in the 250's unless base spec of higher mileage. When you say more coming, what would cause that? Why are so many selling their cars in your opinion?

https://www.cars.com/shopping/results/?list_price_max=&makes[]=lamborghini&maximum_distance=all&models[]=lamborghini-huracan_evo&sort=listed_at&stock_type=used&zip=20147

So by that link alone, there are 12 cars now in the 250's. The ones higher aren't moving very quickly, and what they're moving for is lower than asking unless someone is being silly with their money. 8 months ago, there weren't even cars below 300k.

Can you link? Curious to see the year and mileage. Even high mileage 20k+ ones seem to be at lowest 275k or so. I agree market is correcting but 20% is a decent chunk if it’s across the board. I can think of a couple getting near that much of a correction, but they’re also the ones which were demanding the most monies at the time compared relatively to clean low mileage from a Lambo dealer cars.

Cars.com link above from @Capsfan is a good example. I keep checking weekly and have been since July or so.

----

In general, this is a great indication of where we're heading:

https://www.nytimes.com/2023/03/10/business/silicon-valley-bank-stock.html

I believe that the economic support by the government allowed many people access to money they otherwise wouldn't have had access to, ever. Many of those situations, coupled with the opportunity that many people took (some in this thread alone) to generate revenue through one pandemic related silo or another; led to more money flooding into the market which would of course both increase asset prices (especially when counter positioned against decreased availability of supply thanks to pandemic conditions) as well as inflation, as the need to spend money quickly ballooned, when so many people had money to spend.

Overall, many people and companies, have overleveraged themselves.

Certainly not all, but one of the primary institutions in banking just failed. There are many others on smaller scales that will hit that wall too. This will lead to more sale off, and most dangerously (for a market like exotics) by people who weren't partial to the asset to begin with, thanks to it being so easily attained.

It's hard to say exactly how things move, obviously the market is a massive piece of chaos; but if you're looking at it broadscope, the microeconomics don't tell the whole picture.

 

[bolteon]

Just send some of that down trend up north will you!

It would be even nuttier this year if they raise car prices just before summer like they usualy do.

Patience is key here. The longer any geographic area continues to try and hold on to the increased pricing; the worse the cliff will be when correction comes. These cars are getting older every single day, and there are many players in the space.

Good example— wife and I were considering another electric SUV (previously had an Audi eTron Sportback), and leases on the BMW iX were just unreasonable (~$1500). Fast forward a few months, and now it's back in line with what you would expect ($900) even though the terms were the same.


Case in point is that waiting a bit yields much better results. People who are first market movers tend to be those guessing; those who can sit back and watch the story unfold are the ones who really make their keep.

 

[bolteon]

Food for thought though, do you really think most buyers at this level are not savvy with money and investments?

Yes.