falling SC values
- Thread starter jtparr
- Start date
Guest
New member
To me, the word 'evergreen' means that they don't fade; they stay 'ever green', so it sounds like a bit of a contradiction in terms. However, I would not immediately disagree, as on the evidence of prices there has been a slight shift in the 10-15 grand 'modern classic' market. Maybe this is where Peter is coming from.
Though I feel that interest in (as in people who want to know more about) the SC is probably about the same as this time last year, I would say there has certainly been a bit of price slippage in the last 12 months and put it down to economics, i.e. rising interest rates, the fall in disposable income (DI) and the corresponding fall in available leisure £'s, resulting in fewer big-money buyers for modern classics. Nothing to do with the quality of the cars available. The effect of a fall in DI can be seen across the board, look at Christmas spending for example.
This has led to a reduction in what the market can stand, and also what the market needs to pay, as some owners have been getting out of their cars for what could be seen as bargain money, simply because they can't afford to run them or don't want to keep shelling out for what they see as an expensive luxury, especially now their mortgage has gone up £120 a month or whatever. All it takes is for one car to be advertised at a cheaper price and for the description to say it is mint (whether it is or not) and subsequent newcomers to the classifieds with similar/better cars on offer will generally have to lower their prices to stay competitive, thus things move down a notch. Similarly, when DI is under pressure, some potential buyers with an eye on a modern classic, might also eye up the possibility/risk of big repair bills at some stage in the future, temper their enthusiasm for the car and maybe go for a new kitchen or something instead, to preserve the equity they have in their main investment.
Hard to say what is going to happen this year as it's only January, and things don't really pick up at this end of the market for another couple of months anyway, but to be honest the only things that I see staying where they are or going up in the short-to-medium term are the harder-to-find models (RS, CS, real minters and hard-to-find colour and trim combos). Oh, and GP White low mile FSH '83 SC Cabs obviously [8D]
It's also worth pointing out that as DI falls, cars are less likely to be maintained adequately so some come to market with a few more jobs that need doing, thus removing any price fall advantage. Swings and roundabouts. Also, as good cars get slightly cheaper, the market tends to wake up at some stage and put a bit of a spurt on, thus bringing levels of market interest (i.e. prices) back up in one fell swoop.
Just my opinion.
Though I feel that interest in (as in people who want to know more about) the SC is probably about the same as this time last year, I would say there has certainly been a bit of price slippage in the last 12 months and put it down to economics, i.e. rising interest rates, the fall in disposable income (DI) and the corresponding fall in available leisure £'s, resulting in fewer big-money buyers for modern classics. Nothing to do with the quality of the cars available. The effect of a fall in DI can be seen across the board, look at Christmas spending for example.
This has led to a reduction in what the market can stand, and also what the market needs to pay, as some owners have been getting out of their cars for what could be seen as bargain money, simply because they can't afford to run them or don't want to keep shelling out for what they see as an expensive luxury, especially now their mortgage has gone up £120 a month or whatever. All it takes is for one car to be advertised at a cheaper price and for the description to say it is mint (whether it is or not) and subsequent newcomers to the classifieds with similar/better cars on offer will generally have to lower their prices to stay competitive, thus things move down a notch. Similarly, when DI is under pressure, some potential buyers with an eye on a modern classic, might also eye up the possibility/risk of big repair bills at some stage in the future, temper their enthusiasm for the car and maybe go for a new kitchen or something instead, to preserve the equity they have in their main investment.
Hard to say what is going to happen this year as it's only January, and things don't really pick up at this end of the market for another couple of months anyway, but to be honest the only things that I see staying where they are or going up in the short-to-medium term are the harder-to-find models (RS, CS, real minters and hard-to-find colour and trim combos). Oh, and GP White low mile FSH '83 SC Cabs obviously [8D]
It's also worth pointing out that as DI falls, cars are less likely to be maintained adequately so some come to market with a few more jobs that need doing, thus removing any price fall advantage. Swings and roundabouts. Also, as good cars get slightly cheaper, the market tends to wake up at some stage and put a bit of a spurt on, thus bringing levels of market interest (i.e. prices) back up in one fell swoop.
Just my opinion.
engleflick
New member
Doesn't appear to be any fading of interest of the Sc on this forum at any rate
[
]I agree with what John is saying. The SC is a great car but as the newest are now 21/22 years old they are all needing that bit more to keep on the road. As soon as you say Porsche in a garage you can see the price going up and parts are not getting any cheaper and its not as though there are not many of these cars about. But when you look at what people are loosing on new cars its not all bad I bet all of our SCs did not lose what some of the newer Porsches have lost in the last couple of years just look at how many people are trying to sell them privately to stop OPCs ripping them off.
Baz
Baz
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