Cars & Motorbikes Let's talk cars... 2021

Certainly have moved up in value vs a year or two ago.
Even better if you have - any model with a manual gearbox or an S4, GT or GTS

 

1988 S4 auto - not many manuals around in 928's. Would love one but hard to come by. Still drives like a grand tourer should. I think the transaxle was ahead of its time.

 

Finally arrived a couple of weeks ago. Love it, though haven’t had a chance to drive it much. Now I’m really keen on picking up a toy for mucking around on track ….and I’ve got an idea on that.

 

S4 is a great model!
My Uncle has a early S model 4.7L manual, it's the only manual 928 I've personally ever seen.

 

Run her in, then bring her down the coast for a good run through some twisty roads through Jamberoo and into Kiama.

Go on then, what is this track toy you have in mind?

 

Daily workhorse, bought in 2016 just hit 150,000km. Best car I've ever owned, love it, will keep till the wheels fall off (and then put them back on )

 

Yes, we will tee that up in coming months. Re other Toy I'm probably crowing a bit early as I really dont have the garage space for it yet, but it will be small and RWD and not particularly powerful but will be fun...I am looking forward to a build to OEM++ spec and a "new near" finish.

 

Here’s a question. With the move towards legislating the mandate of requiring manufacturers to sell electric and perhaps hydrogen powered cars, how do you think this may play out with the value of older and classic cars? Bear in mind that right now off course electric cars represent a very low volume of sales in AU.
At present all used cars and classic cars are extremely over priced to almost 50 percent over 2019 values. There is a shortage of new cars due to apparently a lag in micro chip production, but I think it’s also a case of manufacturers and distributors in Australia miss reading the economic impact of Covid just as the Banks did with properly.
You tuber Scotty Kilmer has urged people to hold off buying a used car right now and suggests that borrowing now to buy a car could leave you in a bad equity position when prices crash later this year when new car production Is forecasted to pick up.

 

I think people will always want the car they admired when they were a child. Saw it with old Holden's and jdm cars.

I think late models will plummet as electric becomes mainstream and servicing and fuelling up becomes an inconvenience. That's 10 years away.

Classic fun cars are still here to stay and they'll go up up up as they rot and get smashed.

 

Scotty's a sensible mechanic but he's doing economics now?

 

I tell my staff that I’ll never profit from them except through their work. So sometimes they like a car that I’m about to sell and know I won’t profit from them. I sold my 1966 mustang to one for my cost of $16k and financed it over 2 years interest free. He paid it off this year and sold it on Tuesday for $55,000. I can’t believe that’s the value of a good condition non original 66 coupe. 2 1/2 years ago I would have been hard pressed to get $30k.

 

This is what he said.

 

VFACTS: Oz market still on track for million units

Although he is US based, If you actually look at Australian yoy results (above article), the market is up 28.3% yoy (6 months to June) or 125,000 vehicles so far.
So it’s not so much mis-reading the market, but unable to increase supply as fast as the massive rise in the market demand.

Agree this inability to increase supply fast enough is partly due to the chip problem as mentioned, but also worldwide demand increases for vehicles and some production interruptions due to COVID in various production locations.

There is a huge back-log of orders as evidenced by the near empty yards across many dealers, so demand remains elevated and will be for some time whilst there are supply / shipping / delivery constraints remain. Ie A lot of new vehicles are anywhere from 3 - 9 months wait for delivery from order date.

I agree as supply eventually catches up with demand (when??) for new vehicles, then used car prices will also stabilise / reduce as used car demand will reduce.

 

Prices are insane. My car is a 2013 and I could sell it for the exact price I bought it new.

I went to Toyota for a new one and the deal was
- You pay RRP, and they can't give you a delivery date. Perhaps in 12 months.
- You pay 10k delivery fee on top of RRP to have an existing order in 4 months, guaranteed.
- You pay 20k above RRP to have a demo with 600k on the odo.

 

Last of the great V .......... 2022 Lotus Emira: British brand’s final petrol-powered sports car revealed

 

I think we are now missing out on the benefits of having a local car industry. Apart from Holden and Ford, we had Toyota, Mitsubishi, Nissan, Chrysler snd even Leyland. If you think back to the late seventies when the population was about 14 million a car company like Holden had so many variants. At the same time in 1979 you could choose between a HZ Kingswood, VB Commodore, UC Torana, Gemini, Statesman. In the 70’s they made wagons, sedans, ute’s, hatch backs, 4,6 and V8, the offerings were generous.
Then by the time we got to 2016 with a population of 24 million we could only muster Commofore, Falcon and Camry with a few variants. Right now we could do with a supply of used local cars. Mitsubishi Magnas and 380’s were good buying,

 

Im not much of a Lambo guy but this thing is going to be special.

It's actually so, so sad that noone will be making internal combustion engines like this anymore.

2022 Lamborghini Aventador Ultimae revealed: 574kW swan-song farewells non-hybrid V12 engine | CarAdvice

 

I’m a fan but over $1mill price tag is steep. Lamborghini overdo the limited editions. SV then SVJ and now this. Each one gets a few extra KW and an extra $100k slapped on its price tag.

I think the SV is the best looking version yet.

 

I have been on the market for a used car for a while. About 2 years ago I let a couple of cars go (in hindsight too picky!) and since then prices have gone from around $30k to $40k+, for what limited supply there is. My car has started to incur expenses, I just hope it can hold out for another 6m-1y!

 

You can get a tesla m3 for a hair under $60k after incentives (NSW) right now, can't wait to get them for $40k or less