GT car price correction?
05-30-2022, 09:27 PM
#91
Advanced
Forget about the stock market correcting, you have a another big elephant in the room and that is the FED. Interest rates are going up this year, just look at the 10 year treasury and how it has climbed over the past few weeks. if rates push higher then you get less bang for your buck and therefore that nice sports cars starts to look really expensive. Lets not forget what higher rates did to the housing market in 2008. Who knows what it will do to crypto and tech stocks, let alone the car market.
Last edited by NatsCaps; 05-31-2022 at 12:20 AM.
06-28-2022, 06:31 PM
#92
Three Wheelin'
Thread Starter
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michaeldorian (07-06-2022)
07-05-2022, 12:20 PM
#95
07-05-2022, 05:35 PM
#96
Bingo it will be all stuff. 😎
07-05-2022, 06:20 PM
#97
Patek Nautilus used to sit in the cases of dealers for months unsold as recent as a few years ago. I could get any Nautilus for 20-25% off easy. Aquanauts - no one wanted them cause it was a strange Patek. Fast forward to July 3rd where someone I met offered me 150k for my 5968a that I was wearing.
The same is with Porsche where allocations were available for most cars but today even a standard 911 is impossible to get. Scarcity has its effects on people where they want what they cant have. But what they can have, they dont want. Lets see the cycle play out with cars.
The same is with Porsche where allocations were available for most cars but today even a standard 911 is impossible to get. Scarcity has its effects on people where they want what they cant have. But what they can have, they dont want. Lets see the cycle play out with cars.
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07-05-2022, 07:12 PM
#98
Race Car
Patek Nautilus used to sit in the cases of dealers for months unsold as recent as a few years ago. I could get any Nautilus for 20-25% off easy. Aquanauts - no one wanted them cause it was a strange Patek. Fast forward to July 3rd where someone I met offered me 150k for my 5968a that I was wearing.
The same is with Porsche where allocations were available for most cars but today even a standard 911 is impossible to get. Scarcity has its effects on people where they want what they cant have. But what they can have, they dont want. Lets see the cycle play out with cars.
The same is with Porsche where allocations were available for most cars but today even a standard 911 is impossible to get. Scarcity has its effects on people where they want what they cant have. But what they can have, they dont want. Lets see the cycle play out with cars.
Maybe people will still want sports cars in a recession, so they sell off their $425k F8 and by $160k 911s????????
07-05-2022, 08:14 PM
#99
Rennlist Member
07-05-2022, 08:23 PM
#100
Three Wheelin'
Thread Starter
07-05-2022, 08:47 PM
#101
07-05-2022, 08:55 PM
#102
So what you are saying is people are going to have to actually start driving their cars and enjoying them for what they are and not talk about prices on them 24/7??
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07-05-2022, 09:18 PM
#103
Three Wheelin'
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AlexCeres (07-06-2022)
07-05-2022, 11:20 PM
#104
Race Car
Might as well drive when you’re gonna lose 40% on it regardless if the miles increase. Then all the doomers that have been kicking tires for two years can finally gloat about Porsches getting cheaper, but they lost their job.
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AlexCeres (07-06-2022)
07-08-2022, 12:15 AM
#105
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2012, I remember dealers begging people to buy 4.0RS, I was offered a black one for 20% off, brand new. I think that car just sold for something like $750k. Hindsight is the best tool to make money.
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