Skyline Devaluation .. Hear Me Out

[dato$2nv]

over the past 2 - 3 years i have noticed a giant downfall of the market value and resell value of skylines and to a small degree gtrs... I know that cars devaluate but ive seen private guys selling r33's for 8.5 k turbo manual and under 100,000kz madness!!!!! and still struggling to sell ,, where did it all go wrong... why are private sellers dropping prices so low hence dropping the market?? whats everyone elses opinions anyone elses noticed how hard its getting to sell? btw ive even seen car yards sellign turbo 33s and 32s for sub 10s!!!! besides places like synergy still asking 16 lol....

[DSTROY]

It probably cos they are getting old and there's shit loads of them on the roads these days.

[Dohmar]

that and the fact that they're not cheap to keep roadworthy, insure, theyre a scumbag magnet and a pita when it comes to police attention.

-D

It probably cos they are getting old and there's shit loads of them on the roads these days.

[jrm]

Personally I couldn't care less - I aint planning to sell my ride anytime soon.

[SLED]

yeah apart from flooding the market, they used to be a car that was held in awe......now they're just a hoon's car because of Stig wannabes as we saw on ACA.

[CTRcustompanel]

if you havnt noticed we've been through economic crisis, not just skylines all cars the markets crashed, no one has money people get desperate and flog cars off cheap, pretty simple to understand really.

[dato$2nv]

yeah i understand what your saying , just think its crazy that a r33 with decent mods low kz and god condition is hard to sell at $8,500

[RB25PWR]

For $8, 500 you'll get a dog 94 GTS-T which has had it's guts thrashed out. But as a whole yeah prices are coming down.

[Krishy]

yeah apart from flooding the market, they used to be a car that was held in awe......now they're just a hoon's car because of Stig wannabes as we saw on ACA.

they used to be rare as on the roads and now you see a lot more jap imports on the road.....i think when the dollar was doing well a lot of people imported cars rather then get a holden or ford etc....it would have been just cheaper at that time i guess

[PREISS]

If you look at the car yards when you pass by you will notice alot of nice cars for decent prices. Was thinking of selling the 34 and getting a real nice BMW or something. for around 25k you can get a decent luxury car these days. I think the prices on skylines are dropping because of this myself. Too much competition.

[Dohmar]

if hanging around the workshop at road and track has taught me one thing, its taht BMWs are really badly designed (as far as accessiblity and others are concerned)... I know that nobody wanted to work on this BMW, and there was an MR2 engine swap as well as a GTR gearbox swap... and that got the preference heheh

-D

If you look at the car yards when you pass by you will notice alot of nice cars for decent prices. Was thinking of selling the 34 and getting a real nice BMW or something. for around 25k you can get a decent luxury car these days. I think the prices on skylines are dropping because of this myself. Too much competition.

[Iron Chef]

Simple - supply vs demand

[Crackfox]

I got my S1 33 manual gtst for 8k, interior is in very good condition, no crash history and average paintwork with just over 80,000kms done on it and that was over 6 months ago. So far I have put over 12,000kms on it and nothing has broken/no funny noises coming from engine and the gearbox is silky smooth when everyone said I'd be lucky to get an absolute boonga for under 9k.

I would say that prices have fallen due to the combined effects of: the end of fast and furious, the reputation caused by f&f/f&f wannabes, falls in other car prices and the fact so many of them have been brought in. Supply is only getting larger unlike most cars which decrease in numbers after being discontinued and demand has fallen

[BASHO]

Glut of good quality second hand cars of all types,I know R34GTT has droped about $4.5k on Redbook in the last 6 months--I friken own one.

Got into take into account insurance, -car depreciates insurance costs more -finance for many is a worry particularly when the 'book' value aint so hot, Rego, in Qld anyway, on a six cylinder is now friken gigantic--thanks Anna --you dog --and of course the ole chesnut --bloody fuel--.

And then there's the service costs , the tuners that shouldn't be let near a piano much less a car, the dealers who wont service and the service people who do who rip and tear at every opportunity and still don't do a thorough/proper job .

Shit it's a wonder that there is any market atall for imports, it'll only take the car manufacturers to get smart and bring in a couple of good hot hatches under $22.5K and there probably wouldn't be , though with thier performance to date thats probably to smart a thing for them to figure out.

And thats just of the top first thing in the morning.

Edited February 3, 2010 by BASHO

[CRoNic...]

yeah apart from flooding the market, they used to be a car that was held in awe......now they're just a hoon's car because of Stig wannabes as we saw on ACA.

That was an S14.

[Damo_R34]

Simple - supply vs demand

Ladies and gentleman, we have a winner.

[Carbon 34]

the biggest reason is the global market failure,, the USA big biz failure , lost jobs here, and everywhere on the face of the earth.

in turn the US dollar and other currency slumped , which meant you could import the cars for less here, the Aussie dollar took a hit but not as bad as everwhere else. so the R34 GTT you could buy for 30-40k 3 years ago, was now 23-29k for a high grade low K car. GTR's will increase in value after everyone destroys them, its a classic timeless design, history has proven timeless designs or historic (race cars) always increase in value, might be 10 years or 20 but they will increase.

over the years I've wished I kept every car I owned... datto 1200 coupes I bought in good shape for 75 bucks. now worth 10k

opal GT, for 130 bucks worth around 13k now if you can find one

70 corvette LT1 , bought for 5k, worth close to 100k when the market was hot before the meltdown.

etc wont even mention my moms Merc SL gull wing and the value increase

people had disposable income, these days not so much. so the dealers have to drop the prices to match. supply and demand economics

if you could buy a cherry GTR and only drive it to keep it in good nick, I'm pretty sure you could really boost your retirement on the proceeds (if your in your 20's now)

classic cars exceed the investment portfolios of any so called planners. just like property investing, took a hit but still a good bet long term

if you think skylines devalue you should look at the domestic cars, or korean ones,,, you will feel better...lol

[Krishy]

if you think skylines devalue you should look at the domestic cars, or korean ones,,, you will feel better...lol

that statement is what i choose to believe when it comes to devaluation of the imports

[shy_s6]

just think a new 95 commo was was 25k? a skyline in japan not much more..

95 commo's are what 2k now compared to a 95 skyline... gotta think they are nearly 15 years old!! and with r34's v35's all dropping ppl wont buy a 33 for 10-13k when 1 or 2K more they can get a 34

[alr33x]

in melbourne i think what killed the market was the restriction on p platers owning turbo/modifed cars most people have to be a enthusiast and have a passion to own one by the time your 21-22 and getting older. i have a 33 but im 23 and its my weekend car id never have it as a daily its not practical and to much effort.

and if you want to see depreciation ive got an is250 you dont even want to know how much that has dropped its a farkn joke. same with all the prestige cars bmw,merc audi unless its top of the range amg or rare (even then it'll drop) its part of owning a car.

you'll get more money for a clean unmodified 33 then a off its titz version i know i went for the cleanest most stock one i could find gave me more faith it wasnt trashed and likely to explode upon ignition. blank canvas ftw.