Emira Market Watch, for discussion and to help those searching!

[C8RKH]

Makes the Evora look even more the bargain and will lift some of the downward pressures..

[Denno]

Watch the ones on Autotrader rise in price off the back of this new price announcement.

[Emiralust]

Mine is up for sale as - I'm more than happy driving my car but if someone wants it that badly I will gladly take the money and put that towards a new house. Suddenly mine is looking like a bargain and faster delivery for someone after the 1st June date. Glad a potential buyer cancelled last weekend! Hopefully, this means I get to keep it for longer without losing any money when I sell 

[pete]

Looks reasonably priced 

https://www.garagesportique.com/cars/2023-lotus-emira-first-edition

[HXT]

So the amount of Emiras being flipped is rising by the day. Should be interesting to see if there is any downward pressure on prices. 
 

The way it’s going I can see dealers having a showroom full of bugger all mileage Emiras and naff all else.

[Rambo]

On 20/02/2023 at 19:45, pete said:

Looks reasonably priced 

https://www.garagesportique.com/cars/2023-lotus-emira-first-edition

"last analogue driving experience from Lotus"

I thought it was all digital these days?

[exeterjeep]

One private Emira ad on AT is  for £85500 says..

Following Lotus' price increase on 15th February 2023 the new on the road price of an emira is 85,515. I have the Scorpion tracker + 500 lower black pack exhaust and rear lettering making this cost from new 86,565. You can skip the 2 year waiting list and pay below list price today.

 

Also how will Lotus sell off the dealer demos coming up in a few months time?

[Rambo]

38 minutes ago, HXT said:

So the amount of Emiras being flipped is rising by the day. Should be interesting to see if there is any downward pressure on prices. 
 

Simple supply and demand economics

[HXT]

Does supply and demand economics count in the current market?
 

Im guessing most are on SOR, will the owners, sorry speculators accept a realistic lower valuation or bury their head in the sand?

[Whitey]

Just noticed the first 2 demos from Hendy being advertised at £84999 both with about 3.5K miles on. 

[exeterjeep]

Got a test drive booked in Exeter's demo in around a weeks time. I thought that the demo cars would be going back to Lotus as they own them?

Exeter's new showroom car arrived about a week ago, so they will have to get it registered for test drives if they sell the first one. 

And they are the lowest price ones on AT.

[jerzybondov]

3 hours ago, Whitey said:

Just noticed the first 2 demos from Hendy being advertised at £84999 both with about 3.5K miles on. 

That’s impressive mileage in not a lot of time!

[Rambo]

Don't forget they're probably doing over 100 miles a day at least 5 times a week on demo runs.

[marcfair]

A few more emiras have popped up today on Pistonheads, inc another one at Oakmere , that's 3 they have at the moment 

[tailslides]

They don't seem to be moving, the market may have lost a lot of its positivity. 

[tim_marra]

Lotus is moving from very small volume to something more akin to where its competitors were a few years ago. They now attract some very fickle purchasers, who imho impact current sales disproportionately in the evolution of the brand. The Emira is a great car. Some depositors are less than great and may not be car guys like you and I on here. The brand with Geely will prosper, I just hope it will do so with the amazing cars from Hethel.

[exeterjeep]

https://www.autotrader.co.uk/car-details/202302074016278 just under £83k

think this 1 has appeared today or been reduced in price, so now cheaper than the 2 Hendy demos.

And the one at Sarah Cox has come down

[Rambo]

My gut feel id that it doesn't appear to be going too well for these early Emira speculators 🤔

[r3nault]

Good! Car speculators are a moral equivalent of ticket scalpers, IMO. Selfish middlemen (middlepeople?) getting in between the true fans and the goods. I hope they all lose money.

[Emiralust]

That’s my car, i’m not a speculator(see my last 2 years of contributions to this forum…) sale due to the late delivery, upcoming wedding and now house move. As has been explained in more depth on this forum previously, it’s not a new advert just added a new picture with the black pack which looks great. You guys will be calling everyone and anyone a speculator, chill out. The car price has gone up in price that’s not my fault and why would I sell it for less 😂 fortunately following Lotus’ 1 year delay I could still own the car for about 6 months if I wanted to and also sell it for more in the meantime, i’m a terrible person sorry. 😀 

As for market watch, a blue one just sold for £88k

[r3nault]

@Emiralust - then my comment is not aimed at you (nor will the true scalpers ever read it, as they won't be on TLF!).

Selling for change in circumstances is fine. Selling for market value is fine. Buying on a waitlist in order to just flip the car with no intention of ever driving it - not fine (by me).

[Emiralust]

Agreed, thank you

[MJON]

With now 19 on Autotrader can’t see them being snapped up, especially if you compare to say Cayman GTS/GT4 or even a 992S. All of which if new/resale are akin to hens teeth and valued accordingly. Think maybe that the general view is that significant overs to original purchase price is not going to cut it. Can see these continuing to decrease if they don’t move soon. I am not interested in making a profit on my car but also don’t want to take a bath on resale in a few years if the market volume is greater than UK interest/demand. @EmiralustYours is the best competitively priced car on the market. Can I ask what has been your experience with potential buyers?

[C8RKH]

There are 44 GT4 cars on Pistonheads, as common as dog shit on the pavement lol.

The cheapest is a 2016 at £65k and given the hype, rarity and "overs" paid when new that's not very impressive and hardly any better than an Evora 410 Sport when you look at depreciation value versus new price paid.

I should add though, that one of those GT4's, a lovely red 2020 model would look great on my drive!  But not in the garage, that's where the really special cars made by turnip farmers go.

[MJON]

If you want to go back six years yes. I’m referring to new i.e. 2022 under 5000 miles. A lot less than current Emira’s on sale.