Evora market watch, for discussion and to help those searching!

[TAS]

2 hours ago, Harey said:

Nice Yellow 2011NA IPS £31,990 at a Alfa Dealer (may have been pex for a new Alfa Romeo Giulia Quadrifoglio )

http://www.autotrader.co.uk/classified/advert/201703123201364?make=LOTUS%26model=EVORA%26utm_source=Email_a_Friend%26utm_medium=Email%26utm_campaign=Email_a_friend_car

Shows strong prices still....

Part ex'd for an Exige V6 Roadster 

[Harey]

29 minutes ago, TAS said:

Part ex'd for an Exige V6 Roadster 

Much better 

[Colin P]

1 hour ago, CocoPops said:

@dalepearson old car has sold already

Can't say I'm surprised. Nice colour combo, top spec and barely run in.

[CocoPops]

What I do find interesting is the price gap closing.

if cars are selling at £33/£34 for early cars (ignoring the high mile £25k cars) and second hand 400s at £57/£58 that's quite a close gap.

Will we see those "lower end" 400s come back up as new 400s come on the market at £82/£83 (as per the three listed today by Central Lotus on PH).

Its interesting when late S1 S cars are only £8k lower than early 400s.

[Stuno1]

54 minutes ago, CocoPops said:

What I do find interesting is the price gap closing.

if cars are selling at £33/£34 for early cars (ignoring the high mile £25k cars) and second hand 400s at £57/£58 that's quite a close gap.

Will we see those "lower end" 400s come back up as new 400s come on the market at £82/£83 (as per the three listed today by Central Lotus on PH).

Its interesting when late S1 S cars are only £8k lower than early 400s.

Agreed. The gap is very close now between the top end s1 and 400 cars. Prices are being extremely stubborn so I can only assume the 400 prices will harden now? Who knows!!! It's very odd. 

[Colin P]

I can't see the £45K plus S1s selling very easily. I can see that over the next few years there will be a base price for S1 N/As and another for "S" models with little variation other than condition and mileage.

Given a few of the issues on some early cars I think there will be a MY15 400 price and a bit of a gap to MY16 which will close over the next 6 years or so - as have the S1s.

All IMHO of course. 

[Stuno1]

I thought that but the blue Evora s sr (not sure what the colour is called) seems to have sold in under 2 weeks and was in for 48k I think. 

Condition and mileage will always play a big part but lotus cars seem to retain value very well when they get to a point. 

Agree revarsong the 400 15 and 16 plate onward cars. The one I saw a snows when I bought my sr was not well put together. 

[dalepearson]

3 hours ago, CocoPops said:

@dalepearson old car has sold already

Yeah they sold it just over a week after they got it

[DJW]

On 13/03/2017 at 18:00, CocoPops said:

Will we see those "lower end" 400s come back up as new 400s come on the market at £82/£83 (as per the three listed today by Central Lotus on PH).

 

I think so based on my experience of the Exige V6S. Knowing the price I paid for a year old V6S and seeing what a year old Exige goes for now, prices have definitely gone up.   

There were a lot of deals going last year that got people into Evoras at decent prices, which in turn meant at point of sale , owners were taking lower prices,  As new cars are now more expensive and have less discount, then it will drag up 2nd hand prices.  Handy for those of  that bought at bottom, although still a big jump to a 410

All my personal view and could all be boll**  

Edited March 14, 2017 by DJW

[C8RKH]

I actually understood what you said as being the cost to change hasn't really moved much at all. The biggest thing I think is the low supply numbers. I think people are slowly realising what a great, value for money, proposition the Evora and V6 based Exiges are - great performance, sensible prices, strong residuals low servicing and running costs.

[Stuno1]

As people say, supply and demand and nothing offers the overall package the exige and Evora does for its price. I had the same with my Lexus isf. Owned it for 2 years and sold it for the same price I bought it for. 

[CocoPops]

http://www.pistonheads.com/classifieds/used-cars/lotus/evora/lotus-evora-2-sport-and-tech--2bular-exhaust/6964922

belongs to @spunagain

listed today at Silverstone.

[Bravo73]

So if NAs are currently being listed (and sold) at these prices (i.e. £34/5k), can anybody hazard a guess what an equivalent S would sell for?

[CocoPops]

Dunno, maybe £2-3k more?

the gap is closing and it's more down to age. Bit like the vx220 (NA and turbo) the prices are almost the same.

[Stuno1]

So a younger n/a will at some stage be the same price as an older s? Makes sense. 

[spunagain]

It's priced at the same price as another 2010 NA there but with all 3 packs. Aimee said it is in very good condition, but I have tried to look after it.

It was a wrench to drop it off after 5 years, the time went very quickly. An end to 19 years driving a Lotus. Quite excited about the replacement, a very different proposition. 5 seats, more performance and a few more toys. Will post more once I pick it up.

 

[Hofmanns]

Early Evora's have been fantastic for us recently. Not sure if anyone saw a red Evora S (http://www.hofmanns.co.uk/car-sales/lotus-evora-s-22) we had recently but that sold the day after I advertised it, and I had several people waiting to see if my original buyer backed out. 

 

[Stuno1]

4 minutes ago, Pat@Hofmanns said:

Early Evora's have been fantastic for us recently. Not sure if anyone saw a red Evora S (http://www.hofmanns.co.uk/car-sales/lotus-evora-s-22) we had recently but that sold the day after I advertised it, and I had several people waiting to see if my original buyer backed out. 

 

Would be good to get your view on the current market for the various Evora incarnations if you don't mind providing it? 

[PZE]

11 hours ago, spunagain said:

It's priced at the same price as another 2010 NA there but with all 3 packs. Aimee said it is in very good condition, but I have tried to look after it.

It was a wrench to drop it off after 5 years, the time went very quickly. An end to 19 years driving a Lotus. Quite excited about the replacement, a very different proposition. 5 seats, more performance and a few more toys. Will post more once I pick it up.

 

You can see from their website that the other one has sold already so guess yours won't be around for long. My impression has been that only the IPS cars are hanging around (the white one that Silverstone have at £38k looks like a real bargain but hasn't gone anywhere - which I guess means it isn't).

[CocoPops]

And feel free to give early warning to cars for sale here @Pat@Hofmanns as I'm sure there are plenty of people watching this thread for cars, hence the discussion.

Lee

[Hofmanns]

 

44 minutes ago, Stuno1 said:

Would be good to get your view on the current market for the various Evora incarnations if you don't mind providing it? 

The Evora market place in my eyes is the same as Elise and Exige - in that for the RIGHT car it is extremely strong. 3 of the last 4 used Evora's we've sold have all been bought within 2 days of going online, the other selling quickly too however they have all genuinely been lovely examples. At the other end of the scale we are seeing a few cars that haven't been looked after. I was offered to buy an NA car recently (2 owners, 33k) and was appalled when the owner brought it down. I did some very quick numbers and it needed at least 10k spending to get it anywhere close to being saleable, and even then it wouldn't of been a patch on our other cars. We've just bought a 203k mile S1 Elise to restore that is in better condition!

As with any Lotus condition is key, and if anything more important than the model. The red S I spoke about was top money for a 2011 car at £40k, yet sold instantly - I probably could have put it up for a touch more in hindsight. Its definitely a sellers market, with prices extremely strong and in some cases appreciating slightly. 

Whilst its still early days on the 400s with residuals being so strong on the earlier cars I can only personally see this keeping the used 400 values high - in a similar way to the V6 Exiges now being stable at £40k for the earliest/high mileage cars thanks to S2's appreciating to high 30s for the right car. 

All of this is purely my opinion of course, but I'm sure the other dealers would agree a nicely spec'd, good condition, full history Evora is a very sellable car.

 

[Hofmanns]

56 minutes ago, CocoPops said:

And feel free to give early warning to cars for sale here @Pat@Hofmanns as I'm sure there are plenty of people watching this thread for cars, hence the discussion.

Lee

Thanks Lee, thats very kind. I don't want this thread to turn into a marketing exercise, but if people are happy I'll post up about new cars.

I'm actually getting another lovely 2011 Evora S in px against one of my 400s on Friday. Carbon grey with red leather, 1 female owner (yes, genuinely!), FLSH, 19k. Lovely, properly cared for car.

If anyone is interested drop me a message! 

[Stuno1]

Thanks for your thoughts. How are you seeing sales for modified Evoras such as ones with komotec? Are people prefering standard cars? 

I have seen expansive sports racers sell while cheaper models hang around.

[Del Lardo]

24 minutes ago, Pat@Hofmanns said:

I was offered to buy an NA car recently (2 owners, 33k) and was appalled when the owner brought it down. I did some very quick numbers and it needed at least 10k spending to get it anywhere close to being saleable, and even then it wouldn't of been a patch on our other cars.

 

 

Out of interest, what work needed doing?  

[plenty]

Given talk of sellers' market, I wonder why the black S in Bucks hasn't sold yet.  (Haven't seen the car but looks good on paper and well priced.)  I know the owner used to be active on here (maybe still is?)

5 hours ago, Stuno1 said:

Thanks for your thoughts. How are you seeing sales for modified Evoras such as ones with komotec? Are people prefering standard cars? 

I have seen expansive sports racers sell while cheaper models hang around.

I haven't been following the market for that long so could be off base with this one, but I don't think there are enough modded Evoras out there to be able to robustly judge...