Recovery in car prices?

[sonny]

As we all now know, that it is evident that bottom has fallen out of the performance car market, esp the new M3, 911, RS6 and large SUVs etc.

It seems that the B7 RS4 is slightly holding in there, esp for a car that is up to 2 years old. The question I'm asking is, do you think that car prices will rise again, esp for performance cars, or is this it. Are we also expecting to see them come further down in price. Looking on Piston Heads mostly if not all B7 RS4s that are in the 40k bracket are all Cabs.

[bn8959]

Having just got an RS4 I hope they do start to go up I doubt they will though, although the rate of drop may decrease.

[hussains]

The rate of fall for the high end cars has been largely due to the unavailable credit in purchasing high performance vehicles. Also note that the unemployment has been increasing, especially people on the high end, who have sold up cheap to cover bills, expenses and an element of concern.
I see RS4 value going slightly up towards the end of next year. Note, new car sales have been very low, and RS4s are no longer made and are in ltd supply

[sonny]

Yes it would be nice to see the RS4 prices stabilise, and even climb slightly towards end of the year, i'm def glad I'm not a new M3 owner though lol

[lengster1]

The Rs4 is certainly holding better than M3s a local porche racer won the porche cup and got a free porker for the year so traded in his well specked 9 month old M3 for low 30s !!!!!!!!!

[sonny]

WOW, crazy, just browsing www.pistonheads.com in the classifieds and you will be shocked at the price of some of the cars!

[BlingBling]

In short.......No. Once its lost its lost. They may hold firm but increase. No

[sonny]

I hope some one was not going to say that....wishfull thinkning and all that

Just found the link to that auction......make sure your sitting down!

http://www.pistonheads.com/gassing/topi ... 20Nov%2008

[tweek]

Not sure what has changed?

Buying a car has pretty much always been a financial disaster whatever the size, type, performance, etc, the credit crunch has just speeded up the timescales. I always assume car has zero value after purchase and if it is actually worth something when I'm done with it, I haven't driven it enough..

[P_G]

The rate of depreciation will level off but once the money is lost, invariably it is lost. If my car still reaches the guaranteed value in 2 years that was quoted on the finance or is within £2-4,000 of that I'm happy. I always knew this car would not hold as well as the B5 RS4, with the cost of petrol now and oil demand slump, it would appear the market tends to favour V8's again.

[tartan_rob]

As the economy settles, fuel prices remain lowish and interest rates reduce people will start to lend. Then the prices are likely to remain more static than current. I doubt they will rise though.

[chemical-ali]

Its possible. Anyone says that it cant is wrong. Porsche 993, especially the turbo, are worth the same if not more than they were 6 or so years ago for equivalent models. What you need is a limited production and something you dont get anymore.

RS4s have both those, the latter being a rumbly V8. But I would doubt they would rise anything much, and would certainly expect no more than a levelling out.

[JamieG]

The rate of fall for the high end cars has been largely due to the unavailable credit in purchasing high performance vehicles. Also note that the unemployment has been increasing, especially people on the high end, who have sold up cheap to cover bills, expenses and an element of concern.
I see RS4 value going slightly up towards the end of next year. Note, new car sales have been very low, and RS4s are no longer made and are in ltd supply

I don't agree. I spend all day every day financing high value cars and there is a genuine lack of buyers as opposed to massive increases in finance declines. OK, it has become slightly tougher to get marginal cases approved but for anyone who has a salary to support the purchase and a clear credit history - then finance is no issue.

I also do not think that car values will go up, depreciation is terminal to a degree. There was a period where cars were trading / selling at well below book value aand at that time I thought there was a chance they could recover. Now book values have corrected themselves. Also factor in heavy discounts being offered on new cars as manufacturers still want to shift units.

[JamieG]

Its possible. Anyone says that it cant is wrong. Porsche 993, especially the turbo, are worth the same if not more than they were 6 or so years ago for equivalent models. What you need is a limited production and something you dont get anymore.

RS4s have both those, the latter being a rumbly V8. But I would doubt they would rise anything much, and would certainly expect no more than a levelling out.

There are always exceptions and the 993 is one of those. It is a legendary and timeless car and has appreciated over previous years due to it being the last of the aircooled Porsche's i.e. end of an era. People will probably be driving 993 turbos in 10/20/30 years from now.

[PetrolDave]

I don't agree. I spend all day every day financing high value cars and there is a genuine lack of buyers as opposed to massive increases in finance declines. OK, it has become slightly tougher to get marginal cases approved but for anyone who has a salary to support the purchase and a clear credit history - then finance is no issue.

There are three problems that are leading to a lack of buyers:

1) the media are all reporting that you cannot get a loan, so maybe nobody is asking?

2) even if you have a job what guarantee do you have that you will next year?

3) incorrect information about the car tax increases announced last year (now modified in the Pre-Budget statement). They did NOT affect "gas guzzlers" worst, they affected the cars driven by the average family man worst - but people believe the mis-information from politicians and the media instead of getting the correct information for themselves.