My... what a difference a few months makes

So I have the unattractive position of shopping for Gallardos twice within 4 months. My, how times have changed.

 

When I was shopping back in September 2009 it was like shooting fish in a barrel. I had multiple dealers who were cheap-selling nice cars with no stories. The auction/retail delta was like 3%. I saw several clean 04s go through Manheim @ 73-75. The pulse of sellers was very high, lots of priority to make a deal happen. Their were sellers with their heads up their *** but for the most part, the prices and attitude was very seller-centric and motivated.

 

Wow.

 

Things have seriously changed. I'm committed to buy a car and just waiting on some minor details to flesh out, but I have been talking to folks about quite a few cars. There's a very lax attitude from dealers. Individuals would just rather keep their cars. Brokers seem to not want to call me back. Auction cars are going ballistic. Even the guys selling blem cars are holding retail. There are some gems out there- but what the heck happened? 05s are more than they were 6 months ago. Not $3000 or $5000 more. $10,000 or $15,000 more. I'm a self-admitted bottom feeder. I'll be clear. But this is completely unexpected.

 

In one hand, I'm bummed out because it's going to cost me a premium to buy my second car. But, in the other hand perhaps we are seeing a glimmer of hope from the high-end consumers? Is it okay to drive an exotic again? We're buyin' them. What happened?

 

 

 

 

 

 

I believe consumer confidence in general is increasing by the day. Not just on exotics, but in general.

Pelosi is a socialist and wants to eat our children. Can I have my $15,000 back please? :-)

 

(kidding)

Pelosi is a socialist and wants to eat our children. Can I have my $15,000 back please? :-)

 

(kidding)

 

haha

I think prices bottomed right around then or just before.

 

A car I almost purchased is now going about $15k higher than what I could have bought it for late summer 09. Dang that car was a steal!!

I think prices bottomed right around then or just before.

 

A car I almost purchased is now going about $15k higher than what I could have bought it for late summer 09. Dang that car was a steal!!

 

I thought my car was a steal at the time of purchase. Maybe I made a good investment ..

Asking prices on 08 640 coupes have shot up recently too. I picked up my car last summer for 245 and the asking prices are now 260-280. Asking ain't selling, but still.

 

640 roadster prices have taken a dive, though. 430s continue to go down. 560s have taken a hit too.

 

It's a mixed bag. Seems like some cars were undervalued, others still had ways to go.

Joe, be sure to show us what your getting!!

Another Awesome Gallardo?

Sorry, but I'm glad to hear this. I hope this trend continues!

It's always been supply/demand. There was someone here arguing with me last fall that cars would NEVER go up in value. Just try and find a deal on an SV with so few left. I have a friend who's trying with no luck. As for Roadsters, etc., they too are going back up. I was just looking at eBay and how few cars were on the market. As prices go up, more decide to sell, but with new cars in such short supply, especially LP640s, there is no place to go so many are just going to hold on for now.

 

I think it was late 2006 or early 2007 when LP640s were going for $50k or more over sticker.

 

Queue official murci replacement news and watch 640 prices continue their little roller coaster ride.

 

It depends on a lot of things. For one, we have no idea what the US dollar will do when our national debt is so high. It could be that the replacement will be out of reach. Second, even if the car is announced soon, it will take a long time to get a new model up and running on the production line and produced in quantities. This isn't a face lift and therefore there is a lot of work to do on the assembly line. Last, LP640 production is already very limited so it's not like cars will be sitting in show rooms anywhere. With a typical slow ramp on new production, expect those first cars to go for top dollar. It's too soon to say what will happen for sure. It's just that someone said LP640s would only go down and that's proven to not be the case.

So I have the unattractive position of shopping for Gallardos twice within 4 months. My, how times have changed.

 

Could be worse, you could be not shopping for a Gallardo!

That's a good point.

That's a good point.

i bought my G fall of last year so maybe i caught the bottom? anyhoot, hope you find a good deal out there.

I think fall of 09 was the bottom of the retail market.

I think fall of 09 was the bottom of the retail market.

Biz I think your right, but there'e still a car glut out there and the market is still soft. There's still deals to be had, I think the dealers

got sick of being beat up and decided to hold the line. Plus it's winter which is slow season.

Yup, prices have been increasing. I did see '04s for high $70s, but now you can't buy a decent low mileage one under $90k now. This is a great sign though!

Gallardo's only? How about 6.2 murci's?

Yea, the market is low in some respects- if you don't care about the car you get, but when you're trying to find a specific type or color, it's getting harder and harder to find the right car.

Yea, the market is low in some respects- if you don't care about the car you get, but when you're trying to find a specific type or color, it's getting harder and harder to find the right car.

I'll agree with you on that but I think overall it's still a buyer's market. I think most of the desperation sellers have fallen out of the market

which was driving some of the low prices last fall.

Interesting. I was going to be in the market ($80K +/-) for a Gallardo after my Viper sold. If they're climbing back up, maybe I need to stick to the viper a little longer. Wanting to pay cash for a Gallardo w/out being uncomfortable. Good thread... I've been watching the market closely as well and completely agree (unfortunately for me). I wish the market for highly modded vipers would firm up! I want a G!

As others have said, it's supply/demand. Many feel (accurately or not) that an economic bottom has been reached. Money on the sidelines has snapped up the last of the "desperate" cars, leaving only those sellers who can afford to wait until they get a price more in line with what they believe the car is worth.

 

Good to see. Now if only China's colossal bubble doesn't implode into a black hole within the next 24 months everything should be relatively stable.

 

 

As others have said, it's supply/demand. Many feel (accurately or not) that an economic bottom has been reached. Money on the sidelines has snapped up the last of the "desperate" cars, leaving only those sellers who can afford to wait until they get a price more in line with what they believe the car is worth.

 

Good to see. Now if only China's colossal bubble doesn't implode into a black hole within the next 24 months everything should be relatively stable.