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Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 1:56 pm
by ZedLeg
Nah mate, just restomod it to an insanely high standard and sell it for £400k. You'll be the Singer of Luton.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 2:02 pm
by speedingfine
I can't believe this, that photo is a bit dark tbh Ste...and doesn't appear to have a border?! :shock:

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 3:04 pm
by ste
speedingfine wrote: Thu Sep 06, 2018 2:02 pm I can't believe this, that photo is a bit dark tbh Ste...and doesn't appear to have a border?! :shock:
You won't believe this, I took it at night and even though Sussex is the sunshine capital of the UK, it still gets dark! :cry:

I leave borders to Andy Napier now if I'm honest.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 3:22 pm
by Matty
Someone was monitoring classic Porkers on Twitter and reckon there have been quite a few price reductions on the rarer/pricier models.

I'd find a source....but...you know. Stuff.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 3:32 pm
by IanF
Burst? No. Going up at a slower pace. Yes. I think eventually they’ll plateau, but I don’t think we’ll ever see a drastic price reduction for any of the desirable ones. If there is a crash, most owners will just keep hold of them until they are worth more than they paid again.

Buyers are just getting more selective ie right pedigree, no accidents will still sell at silly prices.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 3:57 pm
by mik
I think they have to collapse.

People currently paying £ludicrous.

I saw earlier this week a lightweight e-type had been sold for £160k. A fraction of the target price. Possibly just because target prices are continuing to be £stoopid though.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 4:30 pm
by Holley
Noticed V10 Manuel R8's have dropped to around £50k now. That seems amazing value when you consider 991 turbo's of similar age are twice that and the double Mondeo Vantage are around £80-90k.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 4:32 pm
by 240PP
Holley wrote: Thu Sep 06, 2018 4:30 pm Noticed V10 Manuel R8's have dropped to around £50k now. That seems amazing value when you consider 991 turbo's of similar age are twice that and the double Mondeo Vantage are around £80-90k.
Yep, I see an R8 on my horizon. Maybe as a ‘happy birthday to me’ mid-life 40th type thing.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 4:41 pm
by Mito Man
I think there is so much more wealth about these days and comparably few decent vehicles that there won’t really be a ‘burst’. I imagine specific cars from different eras will come in and out of fashion and taste as one generation starts to die off and another get into the money.

Only real nail in the coffin that I can see is if petrol/non autonomous cars get banned entirely. Of course your stuff of proper pedigree which is already too valuable to ever be driven will maintain its value but I imagine everything else will become worthless pretty quickly.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 5:00 pm
by JLv3.0
Holley wrote: Thu Sep 06, 2018 4:30 pm Noticed V10 Manuel R8's have dropped to around £50k now.
🍿

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 5:06 pm
by GG.
They look reasonably tempting but I can't help but feel the new model has made the design of the old one look a bit dated (particularly the interior) and the new ones are still £££. You also don't see any new ones with manual boxes which is a bit disappointing (although I remember dickie meaden ran a V10+ mit manuel so they must exist!)

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 5:07 pm
by GG.
Mito Man wrote: Thu Sep 06, 2018 4:41 pm
Only real nail in the coffin that I can see is if petrol/non autonomous cars get banned entirely. Of course your stuff of proper pedigree which is already too valuable to ever be driven will maintain its value but I imagine everything else will become worthless pretty quickly.
Let's just hope Jamie Oliver is dead by the time that becomes a practical possibility otherwise you can be sure the fucker will play some part in banning them.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 5:50 pm
by NotoriousREV
GG. wrote: Thu Sep 06, 2018 5:07 pm
Mito Man wrote: Thu Sep 06, 2018 4:41 pm
Only real nail in the coffin that I can see is if petrol/non autonomous cars get banned entirely. Of course your stuff of proper pedigree which is already too valuable to ever be driven will maintain its value but I imagine everything else will become worthless pretty quickly.
Let's just hope Jamie Oliver is dead by the time that becomes a practical possibility otherwise you can be sure the fucker will play some part in banning them.
WTF has Jamie Oliver got to do with this?!

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 5:56 pm
by GG.
NotoriousREV wrote: Thu Sep 06, 2018 5:50 pm
GG. wrote: Thu Sep 06, 2018 5:07 pm
Mito Man wrote: Thu Sep 06, 2018 4:41 pm
Only real nail in the coffin that I can see is if petrol/non autonomous cars get banned entirely. Of course your stuff of proper pedigree which is already too valuable to ever be driven will maintain its value but I imagine everything else will become worthless pretty quickly.
Let's just hope Jamie Oliver is dead by the time that becomes a practical possibility otherwise you can be sure the fucker will play some part in banning them.
WTF has Jamie Oliver got to do with this?!
You mean other than his penchant for trying to get things banned? 2 for 1 supermarket deals, sugary drinks... I'm sure he'll find a way to link cars to childhood obesity. Cars! Kids should be walking to school - ban them!! :lol:

It was a joke Rev. I wasn't being serious.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 6:02 pm
by NotoriousREV
GG. wrote: Thu Sep 06, 2018 5:56 pm
NotoriousREV wrote: Thu Sep 06, 2018 5:50 pm
GG. wrote: Thu Sep 06, 2018 5:07 pm

Let's just hope Jamie Oliver is dead by the time that becomes a practical possibility otherwise you can be sure the fucker will play some part in banning them.
WTF has Jamie Oliver got to do with this?!
You mean other than his penchant for trying to get things banned? 2 for 1 supermarket deals, sugary drinks... I'm sure he'll find a way to link cars to childhood obesity. Cars! Kids should be walking to school - ban them!! :lol:

It was a joke Rev. I wasn't being serious.
But it makes no sense. Jokes only work when they have a grounding in some kind of reality. Jamie Oliver only cares about banning things to do with food because, and pay attention because this is the important bit, he’s a fucking chef. He’s also, rather quite famously, a petrolhead. So your joke just doesn’t work at all.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 6:04 pm
by GG.
NotoriousREV wrote: Thu Sep 06, 2018 6:02 pm
GG. wrote: Thu Sep 06, 2018 5:56 pm
NotoriousREV wrote: Thu Sep 06, 2018 5:50 pm

WTF has Jamie Oliver got to do with this?!
You mean other than his penchant for trying to get things banned? 2 for 1 supermarket deals, sugary drinks... I'm sure he'll find a way to link cars to childhood obesity. Cars! Kids should be walking to school - ban them!! :lol:

It was a joke Rev. I wasn't being serious.
But it makes no sense. Jokes only work when they have a grounding in some kind of reality. Jamie Oliver only cares about banning things to do with food because, and pay attention because this is the important bit, he’s a fucking chef. He’s also, rather quite famously, a petrolhead. So your joke just doesn’t work at all.
Of course. All jokes have to be grounded in reality. Some dull fucking stand up comedians you must go and see.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 6:15 pm
by ste
Matty wrote: Thu Sep 06, 2018 3:22 pm Someone was monitoring classic Porkers on Twitter and reckon there have been quite a few price reductions on the rarer/pricier models.

I'd find a source....but...you know. Stuff.
They are tanking. 964s back to under £10k by Xmas.


Ben, I'll give you £12k for yours now, you'll thank me come Jan.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 6:16 pm
by NotoriousREV
GG. wrote: Thu Sep 06, 2018 6:04 pm
NotoriousREV wrote: Thu Sep 06, 2018 6:02 pm
GG. wrote: Thu Sep 06, 2018 5:56 pm

You mean other than his penchant for trying to get things banned? 2 for 1 supermarket deals, sugary drinks... I'm sure he'll find a way to link cars to childhood obesity. Cars! Kids should be walking to school - ban them!! :lol:

It was a joke Rev. I wasn't being serious.
But it makes no sense. Jokes only work when they have a grounding in some kind of reality. Jamie Oliver only cares about banning things to do with food because, and pay attention because this is the important bit, he’s a fucking chef. He’s also, rather quite famously, a petrolhead. So your joke just doesn’t work at all.
Of course. All jokes have to be grounded in reality. Some dull fucking stand up comedians you must go and see.
Tell me your favourite joke and I’ll show you exactly what I mean.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 8:21 pm
by Matty
ste wrote: Thu Sep 06, 2018 6:15 pm
Matty wrote: Thu Sep 06, 2018 3:22 pm Someone was monitoring classic Porkers on Twitter and reckon there have been quite a few price reductions on the rarer/pricier models.

I'd find a source....but...you know. Stuff.
They are tanking. 964s back to under £10k by Xmas.


Ben, I'll give you £12k for yours now, you'll thank me come Jan.
That's just insulting. I'll offer £15k, And enough Revels to fill a brandy glass.

Re: Has the classic car bubble burst?

Posted: Thu Sep 06, 2018 9:43 pm
by GG.
Are those bids inclusive or exclusive of the interior that’s somewhere in the corner of Ben’s garage? :lol: