Why the car market is cooked! Well not all cars are depreciating ? Lets Talk Cars
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- เผยแพร่เมื่อ 15 ก.ย. 2024
- Hi All, let's talk through the depreciating market and cars, but the Rally cars are still increasing in Value and limited vehicles are still making good values.
Here's a run through some of the cars at the Clubhouse and their values etc.
Are there any cars or subjects you would like in the next video?
Richard
#automobile #cars #sportscar #currentaffairs #ev #evcars #porschegt3 #subaruimpreza #colinmcrae #rallycars
Thank you Richard for showing and discussing your collection. We don’t have a collector clubhouse like yours here in my area in North Carolina. Very nice.
The rally cars have inflated value due to their provenance, that puts them in the same category as works of art, they are something to look at and immerse in nostalgia, something only for a person to whom money isn’t an issue. Every other car with a petrol engine is a gamble due to the uncertainty of what is currently happening with the car market. Only my opinion, but I think electric cars will eventually make older petrol cars increase in value . Let’s be honest, is there such a thing as a desirable EV? No there isn’t, they’ll never be desirable, so as they years pass, more and more people will buy petrol cars purely for nostalgia.
Its going to be interesting with normal engine cars and can they keep there value, hopefully e fuels will be a big help for classic cars.
@@ChallengetheroadIt’s inevitable that legislation involving e-fuels will be passed. Too many wealthy people like Harry own billions in road cars for them to be outlawed.
I can envisage wealthy owners buying e-fuels in oil barrel quantities once or twice a year for £5000 or £10000.
Out of the question for most people to spend on a hobby on top of escalating costs for road tax and insurance but no issue for wealthier people.
Fantastic video Richard
Those Rally cars are just amazing.
Iconic in so many ways.
I’m so glad I’ve seen these cars of yours.
They play a very important part of history for the sport and for me personally.
Don’t ever sell them
😍👌🏻
*New Subscriber* : That was great. Investment chattles as you say : tanglible, moveable property that with personal ownership doesn't attract tax ( just like art, wine, watches etc. ). You make the gain when you buy as the fella said. What proportion of buyers are buying purely for a future profit (eg getting advice from a purchasing agent, and maybe never ever seeing the car), versus those with money who want to either use the cars (albeit on a limited basis to protect their value), or at least feel part of the car show circuit. For 80's/ 90's cars bought to be driven, I guess the owners are in their 50's mainly. Going forward, who'll be buying the cars from the last 10 years, and will these be viable long term as there appears to be so many computer modules ( 80+ ?) that unless some company can make a generic retrofit electronics sensor/ brain system that can be swapped in across marques/ models, the cars of the last 10 years may not have a practical investment life beyond, say 40 years. For example, on the Car Ninja's channel in the USA, an new airbag module for a Bentley Continental needed to get the dash light to go out was $2,500 from Bentley. Price gouging like that even on more limited production, popular cars, I think will limit their investment gain potential. Note : I know nothing. I love your collection. Keep what you love. Make a profit where you can. All the best and greetings from Prague, CZ
I think we'll see performance cars from the early 00's gradually appreciate. They're now of an age where people who were young when they came out can afford them.
Thank you sooo much for sharing this! I can fully understand that there is no amount of money that can replace the feeling of such an ownership experience. Wise decision to keep your darlings...
I'm with you on the rally cars. Work's of art plus nostalgia. Group b is my thing. Many collectors won't one of each group b car.
The market always rises as the generation that wants them can begin to appreciate and afford them. 50 years ago it was Alvis, Bentley and wooden chassis classics, then it was E types and mark 1 escorts, now it’s WRC cars and super cars. The cars we grew up with and want constantly change. Motorcycles prices fluctuate faster and are a good predictor of future car prices. Manx Nortons have fallen through the floor (everyone that wants one has one, the market today is for two stroke road and mx bikes next will be the 90s super bikes moving on. I personally see the future not in cars but in restoring modding early iPhones anything pre the 6 with the functionality of a 13
very nice , thanks for showing ;;
you’re so lucky to a dream garage……a super collection of cars 👍
The younger generation won’t want these cars when they get older, performance car with 0-60 in 5 seconds with cassette player, when we are now at 2-3 seconds with touch screen internet
Going to interesting in 10 years time
Real car enthusiasts knows 0-60 isn't that important. No EV will give you the emotions and connected feel of an ICE vehicle
Nice collection you have there Richard. As a Subaru man myself, what are the details of your other 22b you have stored away? Can we see a video of the rest of your collection please?
Keep the videos coming. They are very interesting. 😊
Thank you, I have video series on a 99 Standard Subaru Impreza, which I am restoring soon. So glad I have a set up up now to get the videos done.
Not over supply, more over priced, so the value drops, until it’s in the price bracket that people want to pay.
This in turn puts the value of classic vehicles up.
People are waking up to the fact Ev no matter what manufacturer are over priced, businesses realise that they are going to have an issue get value out of them selling the vehicles on after a couple of years. So they may get money off tax but that doesn’t cover the loss of value to resell the vehicles.
The second hand car market is also taking a big hit, as the prices are dropping, this is because they are now coming down to pre covid prices. Which is what 5hey should be at.
A rally car is limited numbers, but more like a work of art than the road going version. The truly look beautiful, and if it is link to a famous driver the value is priceless.
Thank you - 9000 992 GT3 RS - is a huge amount and 992.2 coming too! They rally cars are priceless 💯
People are too obsessed with the value of their cars. Buy what you can afford, think it is now worth zero, enjoy in good health and if you ever sell it back this is a bonus.
If the price is too high, it is likely that having debt against it will cost even more with current interest rates.
Bought a Lancia Montecarlo which has just been rebuilt . 2.0 fiat twincam twin webers. Still worth the money very rare.
Great content,,.owned a few Subarus back in the day...awesome cars...amongst other things ..holding a mint RS4 06 saloon at the moment..still think they will go big..even if it doesn't ..totally enjoying owning it..
Really enjoyed RS4s and that manual car was excellent 👌- keep looking at buying one back
Astons are both gorgeous . All the other cars are mega as well
I've already taken the plunge and purchased one last December. There appears to have been a small up tick in values, that's why I posed the question.
The battery in the EV’s and hybrids will probably outlive the rest of the Car. People paying £100k over list for a GT product thinking they will only go up are living 3 to 4 years ago and now after the new toy has got boring they are now well under list as people move on to the next thing. Really special Cars that come with nostalgia 80s and 90s Cars have gone silly. You seem to have invested incredibly well and enjoy owning them. But people think investing in Cars driving it from new for a year then selling for a lot more I think these days have gone. Modern Cars just don’t have that attachment and mass produced. How many GT3 Cars are for sale.
Love your collection.
Not sure about the escort cossie road car, had one on order in period but couldn’t quite afford it but when I drove one a few years later was quite disappointed
Truthfully for 70-80k I would have a maclaren over one, yes the race cars are a different thing
Saying that the old adage is so true. something is only worth what some is prepared to pay for it!
Thats the problem now Mclarens etc are mega value, although the cosworth has the nostalgia of the 90s!
I had a small turbo Escort Cosworth for a while. Everything was standard and I'd agree they're not brilliant as standard, I always thought it rolled too much. I think if modified they'd be a different proposition. I think Evo 6s still look good value in comparison. I know TMEs especially in red are higher but you can get standard Evo 6s for under £30k still.
Great video
Superb collection i think the idea of the road and the rally version is a brilliant idea for the collection. Your choices are exactly what i would buy given the opportunity. Although EV has many reasons to put me off buying one a used Taycan or the new Ioniq5N look like great performance daily cars for the price 🤔
Thank you, I will have a 5N soon for a review. Looking forward to driving this car
@@Challengetheroad I really look forward to hearing your thoughts on it when you have driven it.
Been waiting for you to cover this topic chap :-). I’ve been thinking about swapping my truck but I can’t see the point at the moment.
Keep it Danny and dont go Electric!
@@Challengetheroad I did BEVs years ago and I loved my Model X, sold it about 4 years ago and during Covid and got into a ‘69 plate L200 and despite what it is (suspension from the American civil war) it done well. I want a INEOS Grenadier but int. rates and prices are stupid so sticking with what I have and invested in, truck is fairly modified as it get used off-road and for winching etc. I really missed going off-road in the Model X….
Not many good hybrid trucks - L200 was one of the first, never driven one yet.
@@Challengetheroad Mines not a hybrid being a 69 plate it’s still the somewhat asthmatic 2.2 4 cylinder clatter wagon - but with super select 4WD I can drive on the road in 4WD in high range unlike pretty all the others. I was an avid LR guy but after the way I was treated with my SDV8 rangie I have binned them off, never again that a brand I was happy to be an ambassador for, work with on events with LRE will they see any of my money, that why your articles on the theft issues interested me and how you took consumer ‘flame’ to give them a much needed ‘kick up the arse’. It’s a fantastic product but many areas of the business need serious overhaul. I was once part of a demo event night drive with Dr Ralf Speth attended at Eastnor Castle and I was personally introduced to him by the senior event leader whom I know well. I had a good chat with him, and hi hopes …. Unfortunately they weren’t met.
GR86 seem a great future classic for 30k and limited numbers to the UK ?
Just enjoy the car.
with the car market taking abit of a tank it should be good opportunity to snap up a exotic or supercar at good deals if hacked correctly
Amazing video Richard. Great to hear about the cars / Value. Not looking to add an Audi to the rally car fleet? with regards to the Audi and Lancia rivalry back in the day?
Thank you, I also bought a 20v Quattro but my heart is with Lancia
Never buy a car as an investment. Buy if you can afford to sustain life after paying cash. Never finance. It is a waste of money to pay interest to own a depreciating asset. EV are not cars, they are transportation. And if EV are so good, why are they going down in value while ICE are going up? When a entry level EV car can run with a high dollar EV car you take away the differences we all love.
I say this all the time, even a car going up in value those gains are swallowed by maintenance insurance and tax
Unless you are very lucky and get a model which shoots up like some of the 90s machines have recently, and most of those had the value of the car been left in the stock market for the time the people have owned them they’d have done pretty nicely also!
Keeping an eye out for your Porsche vid. Considering getting into a GT4 but they just don’t seem to be budging. Trying to work out if they’ll hold as Porsche push the range to full electric next year or are prices being kept high as owners don’t want to take a hit. Seen some that have being on sale for a year and still sitting a high prices!
Thank you, are you looking at 981 GT4
@@Challengetheroad I’ve been looking at both but ideally the 981
Both will feature on this porsche video
The rich get richer.
Richard thank you for sharing. I have a question which nobody seems to be able to answer. What do you do to stop tyre cracking perishing on your storage cars every few years the tyres on my mums MBGT V8 with 12000 miles on the clock keep cracking due to limited use the car is as new yearly we change the oils etc but the tyres are a pain. What is the best thing to do or do you just leave them until you intend to drive them changing the tyres
Thank you, Normally we move the tyres round every month or they do this cushions for the tyres now.
@@Challengetheroad thanks for that I didn’t know you could buy cushions the cars in a heat controlled garage. Great to know thanks Richard this was a really annoying issue
Electric cars... Let them stay as company cars, new... and brilliantly cheap second hand purchases for the common man. Supercars are OK if you can insure them.
Great video but I can’t help but comment that you started off by saying all supercars are falling in price but then you go through your own cars and talk about them perhaps going further up in value! It can’t be both!
(rally cars excluded)
Thank you, I thnk the rally cars have more to run, escort cosworth still a good bet I think long term.
Any more info on the green wrap?
Looks stunning. 👍
Hi - I will do video on that soon with the competition 👍
👍
What's your view on the Vanquish S, Full carbon body, naturally aspirated V12 regarding residuals? 2018 model.
Great looking car and have dropped so much. Only ever made money on one Aston as they always seem to drop. Buy as low as possible on price and accept you may lose a bit more.
so the noise of these when you race them would just not sound the same if an EV 🤔
No Celica GT4 ? You need a MK1 RS Focus next to Colin's car. No Audi Quattro from 1987 ?
I have a Celica gt4 CS
RS focus is next video 👍
@@Challengetheroad Nice. I had a MK2 Celica 1980's and loved it. 20 years old and a Celica.
Ate you going to get a mk1 Focus RS road car to go with the rally focus ? Ive been thinking about getting one to join my mk2 Focus. Talking of which thoughts on the mk2 Focus RS not as an investment (well maybe the RS500) but to drive ?
Yes I have a MK1 Focus - it’s on a previous video 👍
I sold out of my gt3 a year or so ago and been waiting and looking at Spyder rs but still looks too high.
I really want an RS Spyder too, dropping daily, you will enjoy upcoming porsche video
Looking forward to it
Mate, I think your title should read " depreciating" not "deprecating".
Thank you will update
I have a CLS63 S shooting brake that I’m selling
WHY DO YOU NOT COVER YOUR CARS FOR DUST, i SEE HARRY'S GARAGE DOES SAME
Only just put them in and the builders got loads of dust on them 🤣 Getting them cleaned this week