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?
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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)
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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 
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 
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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.
Jul 3, 2020 7:44:30 PM
- JoeRockhead
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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
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
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.
Indeed. Makes a lot of sense, also because they often tour Europe in these cars and/or participate in organized events.
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