Crown

Board: Ferrari Language: English Region: Worldwide Share/Save/Bookmark Close

Forum - Thread


    Supercar Market Update Q2 2020

    Just posted a new karenable.com article on the state of the Supercar Market:

    https://karenable.com/supercar-market-update-q2-2020/

    Comments?  Thoughts? 


    Re: Supercar Market Update Q2 2020

    Not much to disagree with there! I'm watching the market with interest as I missed out on some great deals in 2007/8 (as was funding a home improvement) and if the seemingly false momentum is expected to continue by manufacturers and they plan production accordingly, I suspect dealerships will be forced to incentivize us buyers even more to hit their targets.

    So perhaps a return to the ~20% discounts OPC offered back in 2014 I wonder? (hope)


    --

    991 Carrera Black Edition, X3 Black\Black - 2 kids, 1 dog


    Re: Supercar Market Update Q2 2020

    bridggar:

    Not much to disagree with there! I'm watching the market with interest as I missed out on some great deals in 2007/8 (as was funding a home improvement) and if the seemingly false momentum is expected to continue by manufacturers and they plan production accordingly, I suspect dealerships will be forced to incentivize us buyers even more to hit their targets.

    So perhaps a return to the ~20% discounts OPC offered back in 2014 I wonder? (hope)

     

    Lets hope so Smiley


    Re: Supercar Market Update Q2 2020

    Interesting read . The part about the age of the main collectors specially. Looking forward to what will happened. As you say, for the moment , not much difference in prices.  Everybody waits. If all wait long enough, we will be back to normal indecision


    --

     964 Carrera 4 --  997.2 C2S , -20mm -- 991.2 GT3 RS 


    Re: Supercar Market Update Q2 2020

    Fun to read, but being exactly at that 50 year old demographic, I don’t feel the same passion for cars I had at 35. I wonder if that is just me or a trend for other people my age? I agree that lack of travel is changing my work habits and spending habits, and maybe that will come back around to cars...


    Re: Supercar Market Update Q2 2020

    Many thanks for another well informed article SSO :)

    A couple of other factors are the ongoing push towards electric cars, and that the post-war baby boomers who once created economic ‘demand’ for such luxuries are now heading towards ‘retirement’. Referencing the following article, central banks printed tons of cheap / free money that drove up asset values, but they couldn’t print babies - and it’s only when babies grow up and join the workforce that they create genuine demand. 

    https://www.icis.com/chemicals-and-the-economy/2020/05/hertz-goes-bankrupt-as-non-essential-consumer-demand-disappears/


    Re: Supercar Market Update Q2 2020

    I think a lot of the market pricing we have seen since '08/09 was driven by speculators, and I for one will be glad to see them go. A lot of the cars that I would love to own are now over-priced garage queens. It does sour ones taste a bit when people are still asking north of $100k for a 360 Modena for example. These are nice cars, but they are not 'special' like a CS, Scud, 16M, Speciale, etc.. The car scene is not what it used to be, but there are good values to be had if you are patient in your search.


    Re: Supercar Market Update Q2 2020

    Excellent, as usual. Thanks!


    --

    1992 964 Carrera 2 - 2016 Macan S Diesel - 2018 Mini JCW


    Re: Supercar Market Update Q2 2020

    mcdelaug:

    Fun to read, but being exactly at that 50 year old demographic, I don’t feel the same passion for cars I had at 35. I wonder if that is just me or a trend for other people my age? I agree that lack of travel is changing my work habits and spending habits, and maybe that will come back around to cars...

    Hard to predict what the change in work and travel habits will have on the market but it will definitely have an impact.


    Re: Supercar Market Update Q2 2020

    Let's not forget newly created wealth in emerging markets where loads of people theoretically could buy at any price but the question is more if a car is still a status symbol in the future. Some people I know shifted to Watches for example...


    Re: Supercar Market Update Q2 2020

    BjoernB:

    Let's not forget newly created wealth in emerging markets where loads of people theoretically could buy at any price but the question is more if a car is still a status symbol in the future. Some people I know shifted to Watches for example...

     

    In a lot of the emerging markets high value cars are not really practical as roads are horrible and there is no support network.  A few very high net worth people  I know from Latin America and Asia who are car collectors all keep their cars in Europe where they can be used.  


    Re: Supercar Market Update Q2 2020

    SSO.:
    BjoernB:

    Let's not forget newly created wealth in emerging markets where loads of people theoretically could buy at any price but the question is more if a car is still a status symbol in the future. Some people I know shifted to Watches for example...

     

    In a lot of the emerging markets high value cars are not really practical as roads are horrible and there is no support network.  A few very high net worth people  I know from Latin America and Asia who are car collectors all keep their cars in Europe where they can be used.  

    Smiley Indeed. Makes a lot of sense, also because they often tour Europe in these cars and/or participate in organized events. 


    --

     

    RC (Germany) - Rennteam Editor Lamborghini Huracan Performante (2019), Mercedes GLC63 S AMG (2020), Mercedes C63 S AMG Cab (2019), Range Rover Evoque Si4 Black Edition (2019)

     


     
    Edit

    Forum

    Board Subject Last post Rating Views Replies
    Porsche Sticky SUN'S LAST RUN TO WILSON, WY - 991 C2S CAB LIFE, END OF AN ERA (Part I) Thread Closed 9/24/20 12:47 AM
    watt
    576795 2849
    Porsche Sticky The moment I've been waiting for... 12/30/20 9:03 AM
    rhino
     
     
     
     
     
    356853 1279
    Porsche Sticky OFFICIAL: New Porsche 911 Turbo S (2020) 4/10/21 2:32 PM
    Joost
    85947 1085
    Porsche Sticky Welcome to Rennteam: Cars and Coffee... (photos) 4/17/21 9:15 PM
    Pilot
    43597 332
    Porsche Sticky ROAD TEST: New 992 Carrera 4S 3/3/21 10:57 PM
    Wonderbar
    35083 336
    Porsche Sticky Porsche Taycan Turbo S - Short Review 10/19/20 6:12 PM
    Leawood911
    32709 380
    Porsche Sticky SUN'S LAST RUN TO WILSON, WY - 991 C2S CAB LIFE, END OF AN ERA (Part II) 4/17/21 6:06 AM
    BjoernB
    15064 306
    Porsche Sticky Porsche extends the Taycan model range (Taycan 2WD) 2/1/21 12:42 PM
    Leawood911
    4142 29
    Porsche OFFICIAL: New 991.2 GT3 (2017) 7/27/20 2:13 AM
    DJM48
    561187 5257
    Porsche OFFICIAL: 991 Turbo and Turbo S 4/20/20 8:24 AM
    schmoell
    533475 4260
    Porsche Cayman GT4 4/13/21 10:04 AM
    996FourEss
    401100 3585
    McLaren McLaren on a winning streak 4/13/21 8:01 AM
    BjoernB
    355551 3915
    Porsche OFFICIAL: 911 GT2 RS (2017) 12/27/20 4:06 PM
    Topspeed
    352399 3486
    Porsche OFFICIAL: 991.2 GT3 RS (2018) 11/5/20 9:55 PM
    DaveGordon
    312653 3242
    Porsche OFFICIAL: 911 R (2016) 12/8/20 7:51 PM
    DJM48
    309591 2646
    Porsche OFFICIAL: The new Porsche 992 – a design icon and high-tech sports car 2/28/21 8:05 PM
    Topspeed
    215576 1542
    Porsche Tesla Roadster 9/23/20 8:22 PM
    bluelines
    182594 4279
    Porsche OFFICIAL: New Panamera (2016) 2/11/21 9:22 AM
    Itsme
    160282 1379
    Others Alfa Romeo 4C 9/23/20 10:22 AM
    RCA
    137972 792
    Porsche 992 GT3 4/19/21 5:00 AM
    4trac
    110357 2083
    Lambo Lamborghini Huracan and variants 4/9/21 4:32 PM
    Topspeed
    105383 1225
    McLaren F1 2/25/21 11:33 AM
    RCA
    77012 207
    Porsche Welcome to the new Taycan Forum! 4/16/21 10:24 AM
    rhino
    69728 1154
    AMG AMG GT R 11/19/20 11:47 PM
    Topspeed
    64532 819
    Lambo Aventador and SV 3/15/21 3:59 PM
    Topspeed
    63356 679
    Porsche 991 Speedster 9/3/20 4:29 PM
    Topspeed
    56324 878
    Porsche Nürburgring - Tesla vs. Taycan 11/23/20 6:10 PM
    Topspeed
    42918 596
    Others Bugatti Chiron 4/12/21 3:42 PM
    RCA
    36317 476
    Porsche Olive 991.2 GT3 Clubsport 1/1/21 7:58 PM
    throt
    33587 615
    BMW M BMW M2 Rumors 3/21/21 5:01 PM
    Topspeed
    28557 385
    274 items found, displaying 1 to 30.