Inventory Growing!

[Blackthought_]

Don’t disagree… I’m hopeful prices will drop to my level as used cars were at 21 used Emiras 1 month ago on cars.com and now there are 64 used Emiras on cars.com. Dealers are offering about 5% below MSRP and used with 2-4k miles can be had in low $80’s.

Where are you seeing lows 80s in the US?

 

[jimshadow]

Where are you seeing lows 80s in the US?

There's not. I just did a nationwide search for used Emira's on Cars.com....There are currently 64 available. The lowest priced one is $89,900 with 4,600 miles on it. Other than that one, every other Emira is $93,999 or above. There is a wrecked one for $48k.

 

[Blackthought_]

There's not. I just did a nationwide search for used Emira's on Cars.com....There are currently 64 available. The lowest priced one is $89,900 with 4,600 miles on it. Other than that one, every other Emira is $93,999 or above. There is a wrecked one for $48k.

Yep that’s what I thought

 

[Esprit9]

The $89k Emira can be had for $84k and the $93k can be had for $87k if anyone is Interested. You may call and ask yourself. The total emiras available is is now 170 and 3 months ago was around 30 available. Used emiras went from in the 20 to over 60 inventory. Just facts..

 

[VR1]

The $89k Emira can be had for $84k and the $93k can be had for $87k if anyone is Interested. You may call and ask yourself. The total emiras available is is now 170 and 3 months ago was around 30 available. Used emiras went from in the 20 to over 60 inventory. Just facts..

Wait wtf. I offered them 88k on that blue Emira listed at 93k and they said no. Sent you a PM

 

[VR1]

BTW…. If anyone knows of a Seneca Emira on white or tan interior that can be had for <$90k please send me a PM.

 

[allenyao09]

I suppose winter season isn't good for sports car market.

 

[Vampyre]

Summer is coming, best to buy now!

 

[Esprit9]

There is now another one for same in the 80’s. I haven’t called on this one. Deciding to wait as the amount of used is growing fast and have no doubt these will be in low $80’s soon

 

[Rupes]

Are you trying to will into existence the price you want to pay for the car?

 

[Esprit9]

Are you trying to will into existence the price you want to pay for the car?

No… just impatient and hoping prices get to where I’m at fiscally. I shouldn’t be buying anything over $80k on my current salary. That’s my reality

 

[Man.v.Cars]

I'm in the UK and prices are dropping rather more than owners had hoped. The cheapest at the moment is circa $72k on Autotrader.co.uk. Initial deliveries went to many who thought they could resell for a profit that did not materlise, and them Lotus made it worse by offloading returned cars and excess stock of older cars.

This dealer has been a source of many of those cars, take a look of the discounts on Emiras and Eletres.

https://www.auto100.co.uk/used-car-results.aspx?COGManufacturer=Lotus

 

[F1 SML8R]

Speaking to the US market specifically, this was completely to be expected. It's literally happened for every one of their new product roll-outs (Elise, Exige, Evora, etc.). The few "I have to have it now..." pay a premium over MSRP (and in the Emira's case also waited 2+ years), only to have cars finally arrive and then sit because dealers thought they could still get premiums. Even BAT gave insight when almost every car put up by owners trying to make a quick profit essentially sold for less than what the current MSRP is and in many cases closer to the original MSRP which was roughly 9-10K lower or simply did not hit their unrealistic reserve price and didn't sell.

I am personally a huge Lotus fan and believer in their core philosophy. However, I would never pay a premium for any of their cars (Bought a new evora, loaded, ridiculously discounted after a year on the lot). The closest I would be willing to do is pay MSRP for a custom spec. ordered car. However, as of a few months ago, even that wasn't possible. You still had dealers trying to move new cars for essentially MSRP when they should have been doing this once they got CARB approval and had dozens of people walking away from ordered cars months ago. Now, people want to pay less than MSRP for new given some new cars have been on the lot for close to a year (Many arrived last December, but couldn't be released until CARB approval finally came months later and are still on the lot from cancelled orders, walk aways).

So yeah, New and used prices are down and will likely go lower. And if you want to add a little more salt to that wound, the new I4 cars that are now apparently arriving with owners not wanting them will only compound this. Just check the facebook groups where Dealer reps are actively posting about new arrivals and their availability (yet earlier this year they were telling people to get in line for an I4).

If dealers are smart, move cars even if at a discount to MSRP and get them on the road to build the brand. The reality, they would still make money as long as their discounted price is more than their cost, which although not published, is estimated to be between 9-10% less than MSRP. more cars on the road = more interest. More interest = more people coming in to consider. I'd rather have sold all my inventory at a discount than have that same inventory sit holding out for more and paying the flooring cost every month which also eats into the profit.

 

[Orchardbike]

£57,999 is currently the cheapest Emira on Autotrader. 2022 with 7000 miles in Hethel.

 

[Porter]

Actually 4 of the 5 least expensive Emiras in uk are all 2023. That’s about a $25k-$30k drop in 1 to 2 years. I’m in this strange place of liking that it will be in my price range soon as now there are 157 Emiras for sale online (up 17 from 5 days ago) but once I buy I hope they retain value.

Original price in the UK includes 20% VAT. The US price does not include tax.