3rd round of Redundancies at Lotus 😞

Lotus Cars job losses as 'volatile market' and US tariffs blamed

Up to 270 jobs are to go due to "evolving market conditions including the US tariffs", Lotus says.

www.bbc.co.uk

 

[RoryBellows]

This must be in a very specific geographic part of the US for you.

I'm on the west coast and track used car trading values and discounts on new cars and this is simply not the case in most of the US. There have been documented cases of used cars (essentially new) trading for mid $80k (see BAT - Bring a trailer) and new cars getting $5k off MSRP with not a lot of effort (I got more on my recent purchase).

The reality is these cars are rare, but there's no correlation between exclusivity and value in the case of Lotus cars. BTW, all previous models played out identically. And before anyone says what about elises and exiges? Sure, but you had to wait 20 years to get your money back. That's not appreciation, that's called "time value of money" aka inflation. I'm sure my emir will trade for what I bought it for in 20+ years as well.

Exactly. Its a Lotus, not a special run Ferrari. It will depreciate, bottom out and then ride with inflation. Manuals will get a little bump but otherwise spec doesn't seem to mater much. Buy them to drive them. If you can find your spec used go for it and reap the savings.