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.... Plays some part in it, but printing £ hundreds of billions out of thin air and having interest rates at hilariously low ''emergency'' levels for almost a decade plays a much bigger part in creating asset price bubbles which results in prices like this (and idiots paying them)
I don't see anyone buying them at these prices , you can ask whatever you want for them , selling them at those prices though , good luck !
The Japanese guy who bought my WRC car wanted to do a deal against a 22B he was selling , he wanted My car and £20K !!
And my car was a Genuine Prodrive built WRC car , first event was 1999 Monte Carlo with Juha Kankunnen , and he seemed to think his 22B was worth quite a bit more.
I like the 22B , but i'll never buy one at the prices flying around now
I don't see anyone buying them at these prices , you can ask whatever you want for them , selling them at those prices though , good luck !
The Japanese guy who bought my WRC car wanted to do a deal against a 22B he was selling , he wanted My car and £20K !!
And my car was a Genuine Prodrive built WRC car , first event was 1999 Monte Carlo with Juha Kankunnen , and he seemed to think his 22B was worth quite a bit more.
I like the 22B , but i'll never buy one at the prices flying around now
I'm still waiting for a reply from Harry... I've got a worrying feeling he was actually being serious!
I was being serious.
Bubble will burst sooner or later How? Unless Subaru decides to make a 10000 more reproductions of all the rare motors like 22b, s202, ra-r and flood the market, then maybe yes.
How can something rare, already hard to find, and 'will' get harder to find go south in price instead or north?
Everything has a unique value, once you asses miles, condition, production numbers and history behind the vehicle.
Maybe £35k is a touch too high. Theres certainly no doubt its good for 25-30k. How many other s202's are flying around with that kind of millage? none or very very few.
Bubble will burst sooner or later How? Unless Subaru decides to make a 10000 more reproductions of all the rare motors like 22b, s202, ra-r and flood the market, then maybe yes.
How can something rare, already hard to find, and 'will' get harder to find go south in price instead or north?
Everything has a unique value, once you asses miles, condition, production numbers and history behind the vehicle.
Maybe £35k is a touch too high. Theres certainly no doubt its good for 25-30k. How many other s202's are flying around with that kind of millage? none or very very few.
Thats all well and good, when they are selling, but they arn't. the one in HK is still up for sale.
In the rare car world 400 is very common, 22b's arn't that hard to find in the grand scheme of things.
Its a specialist market. Why would you expect them to sell at the same rate as mass production cars.
Im well aware of the HK one. Its not priced to sell. He is chancing it, if he gets it, he gets it, otherwise im sure the owner is more than happy to keep a hold of it.
Bubble will burst sooner or later How? Unless Subaru decides to make a 10000 more reproductions of all the rare motors like 22b, s202, ra-r and flood the market, then maybe yes.
How can something rare, already hard to find, and 'will' get harder to find go south in price instead or north?
Everything has a unique value, once you asses miles, condition, production numbers and history behind the vehicle.
Maybe £35k is a touch too high. Theres certainly no doubt its good for 25-30k. How many other s202's are flying around with that kind of millage? none or very very few.
You really need to learn about wider economic issues.
This isn't a solely ''Subaru bubble''... this an ''everything that can vaguely be described as an asset bubble''... all fuelled by economic policy which has devalued ''real'' money meaning anyone with money seeks yield wherever they think they can find it and anyone without money has access to cheap and easy credit.
If we hadn't had hundreds of billions of pounds printed out of thin air and ''emergency'' interest rates for the last 8 years or so then the likes of S202's would barely have gone up in value at all.
Admittedly there's no sign of these insane Potemkin economic policies changing anytime soon, so prices aren't likely to ''go south'' for the time being, but if/when the **** does hit the fan and the long overdue recession does eventually happen there will be a lot of people left holding some very expensive babies.
You really need to learn about wider economic issues.
This isn't a solely ''Subaru bubble''... this an ''everything that can vaguely be described as an asset bubble''... all fuelled by economic policy which has devalued ''real'' money meaning anyone with money seeks yield wherever they think they can find it and anyone without money has access to cheap and easy credit.
If we hadn't had hundreds of billions of pounds printed out of thin air and ''emergency'' interest rates for the last 8 years or so then the likes of S202's would barely have gone up in value at all.
Admittedly there's no sign of these insane Potemkin economic policies changing anytime soon, so prices aren't likely to ''go south'' for the time being, but if/when the **** does hit the fan and the long overdue recession does eventually happen there will be a lot of people left holding some very expensive babies.
Agreed. Keyword remains 'if' until then happy days.
For anyone other than possibly price gouging traders?
Having agreed with your above theory which is actually non practical and makes no such sense.
interest rates do not determine the classic and rare car market. There is also such thing as cash buyers.
Happy days - prices of cars are rising and people are buying, hence the market for it.
You dont have to buy what im telling you. Its my opinion.
The so called rise in prices is not limited to just Subarus. Next you will be telling me the R34 GTR is also going to be affected and crash in value, it wont and cant, its iconic!
The fact is not everyone will understand. JDM/ rare/ classic cars it is not everyones cup of tea. Unless your involved yourself hands on, im afraid you wont digest whats actually happening and can only speculate.
Having agreed with your above theory which is actually non practical and makes no such sense.
interest rates do not determine the classic and rare car market. There is also such thing as cash buyers.
Happy days - prices of cars are rising and people are buying, hence the market for it.
You dont have to buy what im telling you. Its my opinion.
The so called rise in prices is not limited to just Subarus. Next you will be telling me the R34 GTR is also going to be affected and crash in value, it wont and cant, its iconic!
The fact is not everyone will understand. JDM/ rare/ classic cars it is not everyones cup of tea. Unless your involved yourself hands on, im afraid you wont digest whats actually happening and can only speculate.
Not sure why you said you agreed with my above ''theory'' when it's obvious you don't understand what I actually said?
You're claim that ''interest rates don't determine the classic car market'' is quite frankly bizarre and couldn't be more wrong.
If you think asset price bubbles fuelled by (massive) over supply of money and debt is just a ''theory'' then there's probably not a lot I can do to help you understand the issue.
This current asset price bubble is the biggest the world has ever seen and encompasses just about everything and anything that can even vaguely be described as an 'asset', not just rare cars.
But just sticking to cars as that seems to be all you're concentrating on... have you not noticed that the ''value'' of just about ALL cars has increased dramatically in recent years? Even list price of base models has risen substantially, not just cars that could be described as classic/exotic/performance/rare.
Look at standard Impreza STI's... hardly rare cars, yet the price of them has gone up anything from 20%-100% in just the last 3-5 years depending on how much of a chancer the seller is.
A very good example of an S202 could be had for less than £10k only 5 or 6 years ago, now there are sellers asking much more than double or even treble that... they haven't become any rarer or more desirable in such a short space of time.
As I said, as long as governments and Central Banks continue with their policy of printing hundreds of billions out of thin air and keeping interest rates at hilarious ''emergency'' levels then these silly prices for rare (and not so rare) cars will be sustained or even inflated further still, as people with money will attempt to seek yield wherever they think they can find it and people without money will have access to cheap and easy credit... but if the effects of the 2007 financial crisis are ever allowed to play out, or some other unrelated economic downturn occurs then things will look very different.
I can only assume you must be part of the price gouging cartel of dealers (or at least you like to think you are) for you to have the attitude that these crazy prices represent ''happy days'' for ordinary car enthusiasts.
The same old boring, repetitive, negative nonsense.
A quick scan of your posting history here and on Pistonheads reveals that as far back as I can be bothered to look, your sole contribution to social media for years is to call people idiots for spending too much money on overpriced cars.
You don't like Imprezas (as your posting history also clearly reveals) and you have nothing positive or worthwhile to say. How about you just give it a rest?
Not sure why you said you agreed with my above ''theory'' when it's obvious you don't understand what I actually said?
You're claim that ''interest rates don't determine the classic car market'' is quite frankly bizarre and couldn't be more wrong.
If you think asset price bubbles fuelled by (massive) over supply of money and debt is just a ''theory'' then there's probably not a lot I can do to help you understand the issue.
This current asset price bubble is the biggest the world has ever seen and encompasses just about everything and anything that can even vaguely be described as an 'asset', not just rare cars.
But just sticking to cars as that seems to be all you're concentrating on... have you not noticed that the ''value'' of just about ALL cars has increased dramatically in recent years? Even list price of base models has risen substantially, not just cars that could be described as classic/exotic/performance/rare.
Look at standard Impreza STI's... hardly rare cars, yet the price of them has gone up anything from 20%-100% in just the last 3-5 years depending on how much of a chancer the seller is.
A very good example of an S202 could be had for less than £10k only 5 or 6 years ago, now there are sellers asking much more than double or even treble that... they haven't become any rarer or more desirable in such a short space of time.
As I said, as long as governments and Central Banks continue with their policy of printing hundreds of billions out of thin air and keeping interest rates at hilarious ''emergency'' levels then these silly prices for rare (and not so rare) cars will be sustained or even inflated further still, as people with money will attempt to seek yield wherever they think they can find it and people without money will have access to cheap and easy credit... but if the effects of the 2007 financial crisis are ever allowed to play out, or some other unrelated economic downturn occurs then things will look very different.
I can only assume you must be part of the price gouging cartel of dealers (or at least you like to think you are) for you to have the attitude that these crazy prices represent ''happy days'' for ordinary car enthusiasts.
Wow. What a stunning response, that's really put me in my place and showed me just how wrong I am!
(Not sure what the picture of some random fat American is about)
We're all entitled to an opinion and if my opinion happens to be that there are some seriously gullible mugs out there having their pants pulled down and paying all manner of silly prices then I'm entitled to say it as much as like.
Personally I agree with Mike, which is a big part of why I got out of Subaru ownership while the market is at a high and sold both my Subarus... that and being bored after 13yrs of Subaru ownership.
Such a refreshing change buying parts for peanuts and getting 60mpg while still owning 2 Iconic cars from my youth and having a bag of cash to explore other avenues.
Good response Mike. BUT why else when searching facebook using your email address bring up anybody elses profile? It wouldnt! Its your profile. Although your comments try to deflect you from the profile, it dont look american to me. Looks like a british road man with too much artifcial jewelley LOL
Clearly your email is registered to that profile. Why else would you use a random picture.
How? Unless Subaru decides to make a 10000 more reproductions of all the rare motors like 22b, s202, ra-r and flood the market, then maybe yes.
