Will incremental price increases in Lotus Emira reflect in used car market?

[seneca blew me]

Not that I much care about depreciation with these cars, but as prices are increasing for MY25 and MY26, will this increase get reflected in the used car market (i.e., will the earlier cheaper cars bring the price down for the whole bunch?)? Or will all MYs (2024 FEV1, FEV2, 2025, 2026) depreciate similarly and fall in the same bracket.

 

[Tteape0]

Only time will tell. Even with the 2025 price increases used prices on 2024s we’re heading toward mid 80s to low 90s very quickly before the tariff froze new arrivals and prices shot up due to that in the used market. I would venture to guess they’ll still depreciate based on their MSRP in the short term and equalize out at a higher price. But who knows what will happen as the tariff freeze was causing prices to jump 7-10k on the use market if not more.

 

[chirowolf]

I think you will see all prices start to drop on just about every vehicle. Inflation from the pandemic is really starting to set in. Car makers are going to realize all the overpriced cars sold during the pandemic have huge negative equity. People cannot afford to roll that into another expensive car. Many do not have the money left to go for a $100k sports car.
For some this is not a look of $$$, but I would guess for many on this forum an additional 10% to 20% is make or break
Funny how my semi-exotic car now costs about the same as a well-equipped pickup truck.

 

[Honcho]

Used prices have increased slightly in Uk recently.

 

[RoryBellows]

I think prices will still drop for a few years. Its a desirable car though and there will be a point where the price is too good to pass up.

 

[MissedApex]

I think prices will still drop for a few years. Its a desirable car though and there will be a point where the price is too good to pass up.

i dont think so. In fact, i think that if Lotus keeps increasing the prices the used market will remain pretty solid for a period(how long, i dont know, it depends on market saturation). The big big problem is the price increases are not making them competitive. I dont think the market can bear anything over 110K. after that, you are in a different market where people start looking into Aston martin, ferrari, lambo, etc. Emira is barely worth breaking the 100k market. I think they hit their ceiling at 109K. The only real competitor is the cayman GTS 4.0 starting at 103K.
Delays with US market is going to cause the market saturation date to be pushed out further than the UK. I think the UK market is probably saturated enough to where we can look across the pond and see what happens after the vehicle ages a little. Prices did go down in the UK for a bit, im not sure what it is now.