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Thread: A question for car dealers - exotics sitting in showrooms for a long time

  1. #1
    Grand Master TheFlyingBanana's Avatar
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    A question for car dealers - exotics sitting in showrooms for a long time

    I have been looking around at a replacement weekend car for some time, btu delayed purchase due to Covid (not much point in buying one and then not being able to use it to go anywhere...).

    Some of the cars I have had my eye on have been at a dealer for many months now.

    A couple of questions if I may.

    Cars like this sitting idle for long periods is usually not a good idea. What is the dealer likely to have been doing to keep them in good shape?
    Few of the dealers have dropped their prices at all, even though some of these cars are now best part of a year older than when they were first advertised - how much might they now be open to doing a deal?
    What are the indications for the market over the next few months for these types of cars? Price increases, holding steady, or dropping?

    Any other questions I should ask a dealer or tips very welcome!
    So clever my foot fell off.

  2. #2
    Grand Master JasonM's Avatar
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    Notnowkato - Tim is the guy to answer this question. His place of work is the showroom of dreams. Ill let him say where.
    Cheers..
    Jase

  3. #3
    Master unclealec's Avatar
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    Exotic cars means different models to different people.

    A Ford Focus is exotic for me!

  4. #4
    Grand Master number2's Avatar
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    Quote Originally Posted by TheFlyingBanana View Post
    I have been looking around at a replacement weekend car for some time, btu delayed purchase due to Covid (not much point in buying one and then not being able to use it to go anywhere...).

    Some of the cars I have had my eye on have been at a dealer for many months now.

    A couple of questions if I may.

    Cars like this sitting idle for long periods is usually not a good idea. What is the dealer likely to have been doing to keep them in good shape?
    Few of the dealers have dropped their prices at all, even though some of these cars are now best part of a year older than when they were first advertised - how much might they now be open to doing a deal?
    What are the indications for the market over the next few months for these types of cars? Price increases, holding steady, or dropping?

    Any other questions I should ask a dealer or tips very welcome!
    First of all a car sitting in a showroom isn't going to cause it any problems other than maybe the tyres not being rotated, as for price there are quite a few factors such as
    Has the model now been updated - is the one on display a ''runout''.
    Any manufacturer bonus
    What the dealer stocking level is like,
    Desirability of the PX
    Financial state of the selling dealer, are they strapped for cash?

    Unless a particular car is subject to some form of manufacturer's assistance to get it moved then it only has a set level of profit, in which case you maybe better off buying a pre-reg car or demo that has maybe some volume - target - demo related bonus involved.

    It might help to know just what you have in mind?
    "Once is happenstance. Twice is coincidence. The third time it's enemy action."

  5. #5
    Grand Master AlphaOmega's Avatar
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    Depends.

    Any dealer of a reasonable size has probably got some kind of agreement with the Revenue and a business strategy to stay solvent until lockdown ends.

    So despite current economic pressures, it may not be that they're looking to have a fire sale.

    I don't have anything specific to say about the market prospects as I've no idea. There are a few in the trade on here though so hopefully they might know.

    My advice would be to have a general chat with the dealers who have the cars you want and see if there are specific cars they want to shift. Let them dictate the conversation and you'll get a good feel for their need to reduce stock or willingness to get a deal done.

  6. #6
    Some card depreciate and some appreciate.

    It depends specifically on what the car is!

  7. #7
    There are several cars which I bought at least 3 years ago which have yet to be put on the market, depends in the car and the dealer's financial position. Stock turn isn't everything in the "exotics" bit of the market.

  8. #8
    Grand Master AlphaOmega's Avatar
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    I used to think exotic referred to the likes of the Miura or Dino but by the incredible prices, even some of the more prosaic Ford machinery seems to be in great demand these days.
    Last edited by AlphaOmega; 23rd February 2021 at 14:35.

  9. #9
    Grand Master TheFlyingBanana's Avatar
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    Quote Originally Posted by number2 View Post
    First of all a car sitting in a showroom isn't going to cause it any problems other than maybe the tyres not being rotated, as for price there are quite a few factors such as
    Has the model now been updated - is the one on display a ''runout''.
    Any manufacturer bonus
    What the dealer stocking level is like,
    Desirability of the PX
    Financial state of the selling dealer, are they strapped for cash?

    Unless a particular car is subject to some form of manufacturer's assistance to get it moved then it only has a set level of profit, in which case you maybe better off buying a pre-reg car or demo that has maybe some volume - target - demo related bonus involved.

    It might help to know just what you have in mind?
    Aston Martin Vanquish II, or Virage Volante, or late DB9.

    Cash purchase. No PX.
    So clever my foot fell off.

  10. #10
    Quote Originally Posted by TheFlyingBanana View Post
    Aston Martin Vanquish II, or Virage Volante, or late DB9.

    Cash purchase. No PX.
    If you are buying cash it might not appeal to the dealer, he has no other margin opportunities

  11. #11
    Grand Master
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    The return of Jim Banana!
    Quote Originally Posted by TheFlyingBanana View Post
    Aston Martin Vanquish II, or Virage Volante, or late DB9.

    Cash purchase. No PX.
    ktmog6uk
    marchingontogether!



  12. #12
    Master
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    Quote Originally Posted by TheFlyingBanana View Post
    Aston Martin Vanquish II, or Virage Volante, or late DB9.

    Cash purchase. No PX.
    Hang on TFB
    Are we talking Champagne socialism here?
    Only joking as I know it's G&D

  13. #13
    The guy who owns Amari Supercars takes them to turn over mod tights

    Some racket from the back of his house as he loves his Lambos

  14. #14
    Grand Master ryanb741's Avatar
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    There's a Ferrari/Maserati dealer in Egham that has some quite incredible vintage stock in there.

    Sent from my SM-G950F using Tapatalk

  15. #15
    Grand Master AlphaOmega's Avatar
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    Quote Originally Posted by ktmog6uk View Post
    The return of Jim Banana!
    That would be excellent.

  16. #16
    Grand Master TheFlyingBanana's Avatar
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    Quote Originally Posted by AlphaOmega View Post
    That would be excellent.

    I've never said never again...


    But I'm not all that keen on Champagne, more a G&T chap.
    So clever my foot fell off.

  17. #17
    Grand Master AlphaOmega's Avatar
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    ^Love it. I'd prefer to read Banana than watch Bond.

    Controversial I know, but Banana is our man on the inside.

  18. #18
    Absolute minefield ,leaving cars stood for any length of time let alone top end stuff . Oil seals drying out and perishing ,valve seals much the same , batteries deteriorating ,gaskets drying out , the list goes on .
    Just starting it once a week wont get the engine warm enough or generate enough internal pressure to get the lubricants adequately circulating .The potential cost of sorting this lot out must be mind boggling on a Lambo or Ferrari.

  19. #19
    Quote Originally Posted by ryanb741 View Post
    There's a Ferrari/Maserati dealer in Egham that has some quite incredible vintage stock in there.

    Sent from my SM-G950F using Tapatalk
    Isnít that Maranello?

  20. #20
    Quote Originally Posted by Sweepinghand View Post
    The guy who owns Amari Supercars takes them to turn over mod tights

    Some racket from the back of his house as he loves his Lambos
    We have an office near Amari and I can safely say his staff are dangerous the way they drive to and from The site. They always seem to have foreign plates on aswell not sure what that is about?


    Sent from my iPhone using TZ-UK mobile app

  21. #21
    Craftsman Kris's Avatar
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    Quote Originally Posted by adrianw View Post
    Isnít that Maranello?
    Yep indeed

  22. #22
    Grand Master Chris_in_the_UK's Avatar
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    Quote Originally Posted by Jega View Post
    Absolute minefield ,leaving cars stood for any length of time let alone top end stuff . Oil seals drying out and perishing ,valve seals much the same , batteries deteriorating ,gaskets drying out , the list goes on .
    Just starting it once a week wont get the engine warm enough or generate enough internal pressure to get the lubricants adequately circulating .The potential cost of sorting this lot out must be mind boggling on a Lambo or Ferrari.
    You would have to define 'length of time' and factor in the age of the car and it's history.

    It's not a blanket 'kiss of death' by any means and the vehicle needs to be considered on it's merits.
    When you look long into an abyss, the abyss looks long into you.........

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