R32 Gtr Current Values

[RS4StagMan]

I have been doing some research into R32 GTR pricing here in Australia and in Japan (thinking about importing maybe) and through my research a few importers have commented that the R32 values already in Australia seem to be cheaper than importing one into the country.

Some importers are stating that the price of R32 GTR's in Japan have risen sharply in the last 6-9 months.

What do people think about this? and is it time the R32 GTR prices rise in Australia to keep pace?

Are we seeing a possible start of an upward valuation swing in Australia for these cars? assuming good condition examples and comparing apples with apples here....

or is it simply supply and demand?

[BoyWhoCriedWolf]

The standard issue R32's are pretty cheap here. The only ones holding or increasing are the rare versions. N1's, Vspec1 and 11 etc.

Importing might be more expensive that buying one here but it is all dependant on what you want. If you want a car under 100,000k with books and unmodified be prepared to pay some decent coin. If you want to import something speak to one of the brokers here. I can personally recommend Primo (Phil), he has lived in japan and knows the traps. I have dealt with him for years and cannot speak highly enough of him and his service. I have heard nothing but good things about Kristian (Iron Chef) as well.

[GTR-N1]

Hi,

You've asked 4 Qs

Re: Q2 & Q3; Kristian, Richard, Eugene... can answer those better than I.

There is another R32 GT-R that is rising in value too. It's the Aussie Spec one. One was purchased from UAS 4 years ago, and it is saleable now for $20K more (at least).

This is ignoring the fact that the Winfield Race Car (Chassis #5) is not for sale (as it was purchased in '02); and the GIO Race Car has only changed hands this year.

A couple of rare versions will be on display at the "R32 GT-R 21st Birthday" Celebration.

http://www.skylinesaustralia.com/forums/R3...ru-t324580.html

One of these will also be in the Daily Telegraph Cars Guide Cover Story early October.

[MRSAMO]

I, and most of Asia, don't really understand how older cars can fluctuate in value....

That said, only the extremely rare or low km cars can fetch "favourable" prices over the more common and driven ones, or those that have had major work done to keep the body and engine up to date and trouble free. The rebuilt/reconditioned 240Z is a good example as are the PGC10s (older GTRs).

Some importers are stating that the price of R32 GTR's in Japan have risen sharply in the last 6-9 months.

Why? Its getting older, those one sitting in the car yards are getting older. Unless they're currently loved by a real owner (where you are paying for a GOOD car) the prices have dropped for years sustainable only by the cost of its face-value, shaken and minor maintenance.

What do people think about this? and is it time the R32 GTR prices rise in Australia to keep pace?

Depends on how well maintained the car is, how much it was loved.

Are we seeing a possible start of an upward valuation swing in Australia for these cars? assuming good condition examples and comparing apples with apples here....

or is it simply supply and demand?

A bit of both. All the good cars have been snapped up already, many many years back. The demand is in the leftovers not just for the R32 but every other car selling in the import market. There will be some rare ones but expect inflated prices from the trend.

[NISMO]

re Aus delivered GTR's one sold just recently for $70k. Had all books and about 70000km's. completely stock original condition

I've seen the prices of N1's rise by close to $10k with no books and high k's, and some mods compared to say 18 months ago.

All that being said though, it really depends on who's buying at a certain time and whats selling.

there's been some Aus delivered cars for sale for months and months, yet the one i mentioned above sold in a matter of weeks.

So i guess as they're getting older, the clean, unmodded, rarer versions will continue to rise, and the badly modded, not so looked after ones will fall. You also have the very nicely modded, extremely well looked after cars that i think will also rise.

[NISMO]

Oh and i don't think Japanese prices will have much of a bearing here in the short term. Not for the regular GTR's anyway, as there are way too many here already so if prices rise in Jpn, people will simply buy locally.

[BoyWhoCriedWolf]

I want the N1, its is relevant to my interests

The 32 at CTS was a very very clean unit. Mine is not too much different in regard to books, original sales info, leather folder, service history etc.

Made me happy to see it sell so quickly.

So, back to your N1 lol......

[blur]

Very very hard to find cars in good condition in Japan, I spent 3 months getting the one Ive got now. Out of a few hundred Skylines for auction each week only a handful are R32 GT-Rs in the right years, even less are non accident or r grade, and even fewer have low ks and less are something special.

It will take some time to filter to the local market due to the amount already here and for sale, but proper cars in good condition will appreciate in value, even a base model in my opinion, but moreso V specs, N1s, Nismos and Aus delivered.

[MRSAMO]

If you really wanted to get a good one there is no stopping you from buying one from a japanese showroom with less than 20,000km, only you pay 2.5-3++ million yen for it. Even I would say that is not a bad deal at all but there are cars like that if you really are serious about getting a near new car, there shouldn't be any stopping you at all.

However if you are buying from an import yard then the rules are quite a bit different - expect anything just don't expect the absolute best!

[R31Nismoid]

Aus prices rise?

Not a chance. Look @ most of the R32 GTR's for sale, they are all clapped out pieces of shit, the drive is poor, worn bushes and similar all over the place.

Interiors generally show a reasonable amount of KM useage despite the "low" KM's on the odo and so on.

Clean/stock are hard to find and given the crap around they aren't worth a lot more.

That said a friend sold his R32 GTR for around 35k... Highly modified/straight and so on, either way they are a 20yr old car now virtually, prices will not be going up.

[mxfly]

I have to agree with Nismoid.

Prices are dictated by simple economics - supply and demand. I see there's plenty of supply but little demand as most cars on carsales have been there for an eternity. That not only applies to r32 33 or 34's but pretty much any imports or any car that have been mass produced.

Sure the aussie one that sold for 70k may have been a good sale, but it's still 50 big ones off their new price, although depreciation rate is incredibly low over the 20 years.

And what about that red V-Spec II that's been dropped from 33k to 25k, and still no buyer.

I think if you're trying to buy a gtr and think it will go up in value over time, go for the ones that were produced in very low volume. Of course, condition is a big factor as well. And also as original to the factory made spec as possible.

[Deano 1]

This is good news, My 32 Nismo Edition wont be going down in price any time soon than.

[RBLUV]

i reckon they will become collectable just like the 240z's.

[Rob_32_VSPEC]

Aus prices rise?

Not a chance. Look @ most of the R32 GTR's for sale, they are all clapped out pieces of shit, the drive is poor, worn bushes and similar all over the place.

Interiors generally show a reasonable amount of KM useage despite the "low" KM's on the odo and so on.

Clean/stock are hard to find and given the crap around they aren't worth a lot more.

That said a friend sold his R32 GTR for around 35k... Highly modified/straight and so on, either way they are a 20yr old car now virtually, prices will not be going up.

R31Nismoid,

I use to own a HT Monaro in the early 90's. I spent probably $30k + and sold it restored in 1996 for $12k. And that was a good price then. Now market prices are $50k - $80k ++.

Now I can tell you from experience the Monaro drove like a piece of shit...even after spending big bucks. A worn out 32 still handles better that any early model Monaro.

Don't be so sure with market prices and old cars...

[R31Nismoid]

GTR's are not at such an age, nor do they carry such a prestige in this country.

Using aussie muscle cars are not a good example IMO

[BoyWhoCriedWolf]

I think it will be a different story in 10-15 years. The R32 has such an impressive history in racing worldwide. 240-260z's are starting to command some good money in Europe and Australia for a clean original example.

[waxracing]

The r32 has great prestige in australia it will rise in value dont worry about that.

Wait until most of the people on here are 45 and going through midlife crisis then the prices will rise.

Because there will be next to no good ones around and they will be rare like the 240z.

you could buy a z car for nothing 10 years ago try buying one now, how do i know this. I just sold my z to buy an r32

[NISMO]

The r32 has great prestige in australia it will rise in value dont worry about that.

Wait until most of the people on here are 45 and going through midlife crisis then the prices will rise.

Because there will be next to no good ones around and they will be rare like the 240z.

you could buy a z car for nothing 10 years ago try buying one now, how do i know this. I just sold my z to buy an r32

Bingo!

Anyone who thinks that they won't rise in value is kidding themsleves. Thats not to say that the shitters are all of a sudden gonna jump up, but good clean examples are already rising.

I was lookg through some Jap dealerships just last week, and there is quite a few original, low k 32 GTR's with books for well over $35k Aus. V-specs over $40k. 33 GTR's over $40k.

The fact that the majority of cars here in Aus are utter crap means sweet FA, when comes to the value of the original, rarer excellent examples.

Some 18yo fan boys will eventually become middle aged men who can afford a toy.

[jiffo]

The most difficult part is to keep one in good condition.

We're not all as well off as Jay Leno.

32's have many terrific rust spots and items like door rubbers, the horrid dash bubble etc make it a full time job to keep looking good.

[maclarenf1]

Not sure about R33 Prices

In QLD R33 S3 ones are really falling even pretty dham good ones and the Private sellers really will reduced even their reduced prices to sell them

R34 GTR Prices are whole different story in AUS, found that out to my dismay