‘26 Emiras are expected to be $5k higher. With all these increases, what will it eventually do to the value of our ‘24’s?

rowenofpts

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My Specs:
Emira V6
Am I correct to assume that the market will eventually come to see an Emira as a $130k+ car, and thus used ‘24’s will rise in value with it?

Right now, 2024 Emira’s on the used market are selling in the mid $90k’s.

Would this baseline rise if new ones are getting more expensive?
 
Historically I think just about every lotus has dipped in value in the first few years and then climbed back up in the mid to long term.

Saw it happen big time to the Elise and Exige, bit less on the Evora it seems though
 
I think the answer is mostly based upon future demand, compared to what Lotus produces. So the usual "supply and demand" issue. Then there are many factors that come into play which impact demand, such as what else is out there for sport car options buyers can choose from (ie. manual transmission? weight? looks? price of the competitor models? electric becoming more popular if electrical supply becomes for plentiful-ie. more nuclear reactors come on stream-and battery quality/longevity improves). If Lotus comes out with an Emira with more HP, that could negatively affect the existing Emira's resale value. What emira_eli says, may or may not hold true for the Emira, since the Emira appeals to a broader base, with its more "daily driver" characteristics as opposed to being so track-focused (with track use, appealing to a smaller and more select group), compared to those past Lotus models. And if Lotus produces a more reliable product, to overcome the oft-seen stigma on Lotus vehicles, that will also have a big effect on buyer perception. Only time will tell, how this all plays out. What do you see in YOUR crystal ball?

That said, we're now seeing new Emiras sitting at dealerships for sale and more used Emiras hitting the market place. I suspect with this increased supply and if production remains steady, the price of used Emiras will dip in the short-term...even after a modest price increase for the new ones. Then if Emira owner's testimonials that their Emiras have been problem-free (like mine) spread the word, plus more "I love my Emira handling" videos surface on YouTube, the prices might bounce back...and sooner than "the first few years" indicted by emira_eli.

Finally and as with any sport car, the economic conditions will dictate pricing. If there's a ++ big downturn, most sport car prices will take a big hit.
 
I considered every dollar "gone" when I bought mine.

And now I'm free... 😁
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But, any upward price support is still welcome as it helps to keep agreed-value insurance numbers high, which lowers the risk of a total loss when that deer hits you.
 
Lots of Emira's made compared to the other models of Lotus
 
A really good benchmark is to watch what happened to Elise/Evora through their run. They did the exact same things.
I have an 05 Elise since new and I did not 'upgrade' by trading during the life run of Elise/Exige. But in the elise case, the two oil coolers the '05 came with is a priceless for track and I used to track quite a bit.
Question is, would it matter? Cars are not investments and we all know prices will tank the minute you drive off the lot. Price increases will keep the used prices elevated a bit.

And with inflation and pressure on the dollar, Oh well.
 
Don't buy this car if you're worried about losing money on it, or need to make money on it.

And if you already bought it, drive it and don't think about the value. And if it's value worries you, sell it.
 
I’m not looking to lose a chunk of cash on my Emira, although the frequency and way I enjoy my car is not going to make it collectible.
It will be worth something reasonable if it’s sold, though that’s not really why it was purchased.
 

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