Are GTR used prices in Japan going down with the car industry?

[gtrlux]

Well here's the deal:
Looking at R35 used prices over the last 6 months it is really shocking to see how quick they are falling. I thought do to a very limited production and meanwhile still sold in japan only, they would keep their brand new prices at least until the Spec-V would be launched or even until 2009 when R35 exports will decrease rapidly do to worldwide sales . . .

Japan is dealing with a big resession in the car industry , every garage I talk to, say they fear the big bang. Go anywhere and you will find one bargain after an other, if a car just fails to be in perfect condition, the japanese customer will ignore every thing. Then the gasoil prices and the fact that japanese society is fighting with poverty for the first time after the golden years, doesn't make high octane car sales any better . . what ever!

Basicly here is an overview what I observed ober 6months:
Nissan R35 GTR new: about 7.700.000-9.000.000Yen (depending on the trim)

2007 December over 10.000.000Yen premium rarity sales
2008 January over 9.800.000Yen still fat margins
2008 March over 8.900.000Yen still margins
2008 May around 8.000.000Yen catching up sales prices
2008 June over 7.600.000Yen catching up catalogue prices (sold at loss)
2008 July 7.450.000Yen under catalogue prices (around 300.000Yen loss)
2008 august (today) 6.890.000Yen this is a loss of around 1.000.000Yen to the 7.800.000Yen new sales price

And I still not added the very expensive servicing and parts exchange that might have been added after a few thausend kms.

I bet that the R35 GTR will collapse under 5.999.999Yen before December and then I will buy one for around 5.300.000Yen in February2009.


Discuss

[skim41]

havent particulary looked at the r35 but have noticed that the prices of also the 33 and 34gtr's are going down, might be due to the new r35 though.

[Jm-Imports]

i bought a premium GTR with 500km at auction and it cost me the nissan price japan .

but mine is the June model 2008

[tokyogtr]

i agree, but i think it's also particular to the gt-r. this car is not going to hold it's value very well. people are realizing how expensive it is to maintain and also how much it costs to fill her up and run her hard. plus, it's just a nissan. people have already stopped staring at my car, that took all of 6 months. they are pretty common now in tokyo,

then again, who cares. cars are not investments. they are money pits. i bought this car and intended to hold onto it for 3 years but i think that special feeling will be gone soon and then it's time to look at the ferrari california....

[bonzelite]

the looming global recession worsening beyond what it already presents is going to create lots of delflationary apsects as well as inflationary.

As the value of paper currency, ie, fiat currency, plummets, prices appear to "go up." As well, since many big ticket and luxury items will be the first to get axed, they will appear to deflate in value as people dump them off or refuse to buy them.

Because the credit crisis has yet to become fully realized (this is really the infant stages of it), you will see more and more luxury/high end cars, like Ferraris and Lamborghinis, drop like rocks in value. Nobody will want to even touch them with a ten foot pole, including the well-off.

[bonzelite]

Originally Posted by tokyogtr

...but i think that special feeling will be gone soon and then it's time to look at the ferrari california....

I'm glad to see you like the F149/California. I like it too. But go onto ferrarichat and see how many people hate it, often for no good reason. I think it's sexier a car body than the 599.

[tokyogtr]

Originally Posted by bonzelite

I'm glad to see you like the F149/California. I like it too. But go onto ferrarichat and see how many people hate it, often for no good reason. I think it's sexier a car body than the 599.

good power, hard drop top, 2 + 2ish... what's not to like??!!! ferrari being very sensible with the california. i just hope the trunk can fit 2 golf bags in there...

[bonzelite]

Originally Posted by tokyogtr

good power, hard drop top, 2 + 2ish... what's not to like??!!! ferrari being very sensible with the california. i just hope the trunk can fit 2 golf bags in there...

no argument here, good sir.

[gtrlux]

tokyogtr

Sorry mate, didn't want to actually devalue your or other japanese members R35 GTRs , who bought them new. Certainly a chance for thoses who where in japan and had the founds that time to purchase an R35 GTR.

I think on an other side that this price evolution is very benefic for the market, as the GTR was allways the advertizing horse . . . 2009 will rock in that matter, because it's more easy to swallow loosing a warranty on a nearly 2 year old used car, that will cost you 5.000.000Yen (for tuning projects) then paying 9.000.000Yen for a new one and loosing the warranty when adding new wheels

And it's not only the R35 GTR:
Lexus LS460 new 8.500.000Yen > used 5.800.000Yen one year old
E92 M3 new 11.000.000Yen > used 7.200.000Yen one year old
Nissan FugaV8 new 6.500.000Yen > used 3.000.000Yen less then a year
same for Lexus GS, IS, ex . . . . strange enough Hondas are still keeping the prices , only Honda Legend (which is a bloody nice car) is going down the gutter and I don't mind.

2009 will be a great year, I have abandonned my expensive car purchase for this year, will buy the wife a car instead soon, and next year I will take a closer look on the E92M3, M5 , R35 and IS-F . .

[Eric GTR]

Originally Posted by bonzelite

the looming global recession worsening beyond what it already presents is going to create lots of delflationary apsects as well as inflationary.

As the value of paper currency, ie, fiat currency, plummets, prices appear to "go up." As well, since many big ticket and luxury items will be the first to get axed, they will appear to deflate in value as people dump them off or refuse to buy them.

Because the credit crisis has yet to become fully realized (this is really the infant stages of it), you will see more and more luxury/high end cars, like Ferraris and Lamborghinis, drop like rocks in value. Nobody will want to even touch them with a ten foot pole, including the well-off.

There are huge numbers of super rich who simply wont be affected by the credit crunch as it is, porsches sales of cayenne where up 500 for the first 7 months of this year in the USA, 911 sales are down but this has more to do with people holding fire for the new model. Ferrari sales in may where up 20% in the EU, Aston is reporting its on target to meet its predicted sales for the year

And then alot of these buyers may decided to "downsize" to save money and that would put them into a GT-R

It also depends on market forces, prices will be over inflated whilst the car is rare and hard to get hold of in a market and whilst its still a novelty, once supply gets closer to demand and there are a healthy stock of second hand cars the price will go down to a more releastic level. New cars allways take a big hit in the first year. If the GT-R is worth 50% of its original value after 3 years i will be happy, more and its a bonus. I suspect in the UK they will hold there price very well as the waiting list is over 18 months atm.

[gtrlux]

Originally Posted by Eric GTR

If the GT-R is worth 50% of its original value after 3 years i will be happy, more and its a bonus.

That sounds like a real deal, so next year only 65%.

[gtrlux]

Just updating , saw one today in black with 12000km for 6.790.000Yen . . . sold out at a Nissan dealer . . . we getting closer.

[jj47]

Can anyone really see them dropping that much in value so soon? 6,000,000 Yen is definately within reach
Then it's getting the bloddy thing over here, tax, vat, sva

What would be a rough idea on final price once registered etc?

[GT-GARAGE]

no real point at the mo the pound has dropped to £1-175,000yen

i've put in a few bids on them as hoping to have one before christmas but with the pound so low i'll leave it for the moment

[GTR R34]

I think it's good thing more people can afford their dreamcar