Interesting to delve into whether this is macroeconomic or vehicle specific.

There must also be some poorly looked after cheaper examples that may be dragging average prices down. We have seen a lot of examples of owners ripping off nice OEM parts, swapping out for Chinese and then not having the original factory parts to reinstall.

As the car gets older and the market filters out the poor examples - good examples will be rewarded with higher prices.

 

You’re not doing too bad. Currently a 2011 Gen 1 R8 V8 with manual transmission and 90k miles will sell for only about 46k privately in outstanding condition. Given mine’s condition I could probably only fetch maybe 37k. I just bought a ford bronco at 62k.

What this tells me is there is no point in really selling my R8. I will have more fun turning it into a track toy and doing whatever mods I feel like than trying to preserve its value in hopes that it’s worth more in a few decades. In the end I’m more likely to donate the car to someone than sell it. Prices might get higher but I doubt it will ever be very high.

 

In your case its because of the miles... these types of cars are very sensitive to mileage - all HiPo cars are.

 

My guess is its the interest rates along with consumers being hit by inflation.

for the most part, Gen 1 r8 buyers are typically not very wealthy in my opinion. Of course, thats a generalization and some owners im sure are legit rich.

In general, It's not a car for rich people but rather for an enthusiast who wants to stretch their dollar and have an amazing car. With interest rate increases the monthly payments have gone up for an average buyer who uses credit to purchase the car.

That doesn't explain it totally, but I guess it explains a 15% drop in value or so.

These cars were amazing values at their high prices. Even better now!

 

i dont know how much stock i'd put into those generic sites' ability to properly price a non-mainstream car like the r8. this was what carfax thought my car was worth last year when prices were still relatively healthy lol

 

Bang on. The real wealthy buyer will go into a gen 2 car in the mid 150’s. The gen 1 buyer is likely a guy stretching his budget and that coupled with high interest rates etc caused gen 1 market to come down.

 

I’d take a gen 1 over a Gen 2 any day. They screwed up the design of the gen 2 royally imo, so no, money isn’t the reason people buy the gen 1’s.

 

Also, there seem to have been a pantload of them that have come up in the last several months.

 

I've always loved that question, "what's it worth?" as the answer is always "whatever someone is willing to pay for it".

I'm not sure all real wealthy buys who own gen 1 want a gen 2 though. I personally just don't like the look of the gen 2. I'm wasting my car money these days on fancy SUV's over getting a gen 2.

I'd still consider a black gen 1 2014-2015 unmodified v10 car with lower Mike's and diamond stitched seats, but have not seen one come up at a decent price. There is one in Boston McLaren but they want like 130k and fidelity warranty was like 10k on top of that. Seems stupid for a bit faster car with a bit lower miles than mine

 

I've always loved that question, "what's it worth?" as the answer is always "whatever someone is willing to pay for it".

I'm not sure all real wealthy buys who own gen 1 want a gen 2 though. I personally just don't like the look of the gen 2. I'm wasting my car money these days on fancy SUV's over getting a gen 2.

I'd still consider a black gen 1 2014-2015 unmodified v10 car with lower Mike's and diamond stitched seats, but have not seen one come up at a decent price. There is one in Boston McLaren but they want like 130k and fidelity warranty was like 10k on top of that. Seems stupid for a bit faster car with a bit lower miles than mine

I'm in that boat. I'm fortunate to be able to afford pretty much whatever I'd want to drive, but I'm really picky about cars. I need to love it. I've now had the R8 for about 9 years, and it's the longest I've ever owned any car. I enjoy and value it more today than when I bought it. While the Gen-2 has improved performance, I just didn't like the look of it when it came out. It's grown on me a bit more since, but it's never been a car I lusted after like the Gen-1.

What's going on with the market? I don't know, I honestly don't track it... aside from a periodic inspection for the sake of a thread like this. But this car is an icon, and time will serve it well. At some point, not far from now, I think you'll find a feeding frenzy because there just aren't many cars out there with 10 or 12 cylinders, naturally aspirated, high revving, in such a complete package... and many are just waking up to the fact that what's built is the end of the line. You'll have hybrid drivetrains for a short while (most with smaller displacement) and then soul-crushing electric.

Nonetheless, I wouldn't get hung up on the market. Be glad you own one and drive it. I enjoy mine every chance I get - which is less often than I'd like. Who knows what the future holds, but now's the time to enjoy it. It's not an investment, but a toy... track the stock market, but drive your R8.

 

I'd take the R8 over the Huracan any day.
I don't fit in the Lambo!

And same boat here, I could have bought any R8 I wanted. And could have even put in for the new GT when it came up, with my long time sales mgr and friend.

But really love the look of the Gen1, and manual to boot.

At 6'4" I have to fit and be comfortable in my cars. That drew me to my 3RS as well.

 

Buying opportunity, imo. The Gen 1 R8 is iconic. Will become the next NSX or Supra. Have owned both and kick myself in the a$$ daily for selling when prices were depressed.

 

It is quite perplexing. I’d agree the macro-economics have a large part in the market as a whole dropping from the crazy heights it was at. I thought I was going to get priced out of the V10 manual market after Hagerty released their article but it doesn’t seem it has increased much at all as a result.

Having been looking a lot over the past few months I can definitely say I’ve seen a large number of poor examples listed for sale. High mileage, high number of owners, mysterious service history, questionable mods, etc.

However, I’m personally not complaining. When my V8 manual was totaled I admittedly got more than I could have hoped from the insurance company compared to what it would have likely sold for privately towards the end of last year. And after looking extensively I’m happy to say I just finalized the purchase of a Gen 1 GT for what I would have to think may be one of the lowest sale prices any time recently — especially considering it has relatively low mileage and is in excellent condition.

The undervalued conversation is even more perplexing when you compare the price of a limited edition Gallardo or Porsche from the same era. An R8 GT can be had in the low-mid $100k range and under $150k all in with a manual conversion. Compare that to a limited edition LP-560 manual Gallardo which would be double or more and effectively the same package/experience. And with Porsche you can’t even get a standard 991.1 GT3 for the same money 🙃

 

congrats, glad you're back in the game! post a separate thread and pics when you get it

 

My car has only grown in value over my years of ownership....

 

I'm always watching the McLaren used car market and I have seen their prices increase in the same period. I would think demand and the right car play into pricing. The Macs are a little different from the R8. Low mile cars, modded cars, high mileage, etc. stay for sale for a long time. Prices are all over the place, but the really nice vehicles are getting a premium right now. With the amount of money I've put into the R8, I wouldn't get rid of it unless someone gave me a number I was looking for, regardless of what some online tool says.

 

Gen 1 is a 30 year old woman while Gen 2 is a 50 year old woman. I like both, but prefer the 30.

I'm like a 1976 AMC Pacer mixed with an ugly old rusty ford excursion.

 

I didn't buy my R8 as an investment since I don't ever intend to sell it but I do follow BaT listings and how they fare, esp the gated V10's. I feel like the entire used sports car market has tanked, to some degree or another. High interest rates, the looming(ongoing) recession, and the end of the pandemic have all affected the consumables market.
If you're a buyer, the market is coming to you. Just be patient as values continue to decrease. I figure in 6+ mos, you can find really good deals on not only Gen 1's, but Gen 2's. If you're a seller, you probably missed the boat on profit taking.
Most all cars are depreciating assets, so just enjoy your R8s to the fullest and drive them as they were intended!

 

I got my V10 manual for 95k!
One owner. Full service at same dealer it was originally purchased from, and I bought it from.
9k miles. Pristine.

Crazy to think it was that low.

 

Wow, amazing that you got it for that price, well done! ****, I am jealous.......

 

Is anyone actively following the boat or airplane market? I think those tend to take much bigger hits than the car market. I'm a casual dream shopper of airplanes and see a lot of them are starting to say "Priced Upon Request" instead of listing the price. I wonder if those markets are taking huge hits and a buying opportunity is coming up.

And 95k for a 9k manual v10 is auto theft. I hope you gave the seller a box of kleenex or a reach around to get that price.

 

Lol Judd, I even bought them breakfast.

Fortunately, it was the right timing for me. Bought mine in the summer of 2018 when the original owner sold it back to get into presumably a Gen2.

 

What's your website?

 

Appreciate all the Great reply’s! I will just keep enjoying my R8 and appreciate that I own a V-10 Halo car with ageless beauty. Looking at it everyday a still can’t believe I own one.

 

For the OP - R8 values have tanked over the last few months because stimulus $$ are now mostly behind us and the used car market is deflating quickly (finally). Gen 1 tanked first, Gen 2 pre-facelift has now tanked as well (it's now at pre-pandemic pricing for spyders - I don't follow coupes), and Gen 2 facelift is in the process of finally declining - especially for the base (non-performance) spyders. We are seeing the used car market come back to reality finally so this is fully expected and not surprising at all. The only surprise if that I'm the first person to post and mention this?

I will be buying a Gen 2 facelift 20/21 base spyder likely this winter or next year once pricing has properly adjusted finally. So I am watching the market very carefully. I anticipate that a 10k mile 20/21 base spyder will be buyable at about $135k +/- after negotiating at that time, where it's around $155-160k right now for in-demand colors (ie. not yellow, etc). Gen 2 pre-facelift are down about $20k since earlier this year and probably have about $5-10k left by next year (these are clearly all my guesses but I track it pretty carefully)...

 

For the OP - R8 values have tanked over the last few months because stimulus $$ are now mostly behind us and the used car market is deflating quickly (finally). Gen 1 tanked first, Gen 2 pre-facelift has now tanked as well (it's now at pre-pandemic pricing for spyders - I don't follow coupes), and Gen 2 facelift is in the process of finally declining - especially for the base (non-performance) spyders. We are seeing the used car market come back to reality finally so this is fully expected and not surprising at all. The only surprise if that I'm the first person to post and mention this?

I will be buying a Gen 2 facelift 20/21 base spyder likely this winter or next year once pricing has properly adjusted finally. So I am watching the market very carefully. I anticipate that a 10k mile 20/21 base spyder will be buyable at about $135k +/- after negotiating at that time, where it's around $155-160k right now for in-demand colors (ie. not yellow, etc). Gen 2 pre-facelift are down about $20k since earlier this year and probably have about $5-10k left by next year (these are clearly all my guesses but I track it pretty carefully)...

Watching to see if your predictions come true, good luck:

September 29th, 2020

"Peak Covid pricing surge is now behind us and so the price decreases begin...

If you're looking for an R8 right now and are willing to be patient and wait until early 2021 (as I originally mentioned in my first post) then I am expecting us to eventually see pre-Covid prices for '17 and '18s"

Gen2 Pricing

I have been following Gen2 pricing (new and used) for about 2 years now in hopes of eventually buying a base R8 spyder and I wanted to pass along that recent pricing (I have access to MMR) has truly gone crazy as a result of a shortage of cars in general (I don't mean a shortage of R8s - I mean...

www.r8talk.com

How many years have you been watching to buy? Life is short, you should get one!

 

Surely the Gen 1 manuals will hold or increase just due to relative scarcity and the fact that they offer a unique experience. Given that there doesn't seem to be anyone who is re-introducing gated manuals, there will be fewer ways to get into a car with one every year.

 

I love the prediction tracking. My favorite one was to watch the thread about bitcoin when everyone was sure about future prices. I'd bet almost 50% of my predictions are completely wrong. I'd be happy with 40% being wrong. In fact, I just read a great article where Buffet was saying most of his investment decisions have been mediocre at best and that he attributes almost all of his success to just 12 decisions he has made over his 50 year career. I think he referenced investing in American Express and Disney, but I dont recall which ones. Some other big shot said he only made like 5 market predictions over 40 years that he bet on.

It keeps boiling down to the fact that no one really has any idea what is going to happen and even the best of the best professionals are only really "right" about once a decade.

Aside from my terrible call on natural gas this year, another stellar move I made was buying PEAK, which I'm down 34.11% on. I really should stick to my day job....

 

I love the prediction tracking. My favorite one was to watch the thread about bitcoin when everyone was sure about future prices. I'd bet almost 50% of my predictions are completely wrong. I'd be happy with 40% being wrong. In fact, I just read a great article where Buffet was saying most of his investment decisions have been mediocre at best and that he attributes almost all of his success to just 12 decisions he has made over his 50 year career. I think he referenced investing in American Express and Disney, but I dont recall which ones. Some other big shot said he only made like 5 market predictions over 40 years that he bet on.

It keeps boiling down to the fact that no one really has any idea what is going to happen and even the best of the best professionals are only really "right" about once a decade.

Aside from my terrible call on natural gas this year, another stellar move I made was buying PEAK, which I'm down 34.11% on. I really should stick to my day job....

Yep, that's why I rarely buy things based on trends. I let my investment advisor deal with that stress, but I decided I wanted an R8, I found the one I want, made sure it was a good price comparatively, and bought it.


I couldn't imagine spending 6 years on a forum looking for cars and trying to predict the best time to buy. Just do it... or don't haha

 

im currently in the market. leaning towards Gen 1 V10. could be pre or post facelift. the biggest thing I'm taking into account is the value for the money. there's a wild swing on asking prices in the private member classifieds cars vs what I'm seeing out in the market. probably 10% to 20% higher pricing listed on the forum vs vehicles posted for sale online elsewhere - not dealer lots, but private sales offerings on AT and Cars.com with maintenance records and a balance of Fidelity Warranty still available.

Spending years on the BMW ///M forums, its not a new phenomenon. when guys sell their ///M baby, its normally $10k over market as an asking price so they can tell their wife "honestly, i dont know why its not selling...i guess we'll keep it a bit longer " i wonder if that extends to the R8 community too...

 

The fidelity warranty is worth real money in my opinion. I've mentioned this before, by mine has paid out, on average about $12,000 in repair costs per year. It appears to me that the market doesn't really value the fidelity warranty, but it should. I would absolutely pay more for a car with a balance of a fidelity warranty than one without.

The best bang for the buck is a V8 that is not low mileage. Or, a collector car that will not lose much value or appreciate (if that's a thing).

I priced out a fidelity warranty on a 2014 v10 I was looking at an it was really expensive. The guy from the car club near vegas helped me (I'm sorry I forgot his name, but someone please post if you can) and he was professional and great to work with.

 

The fidelity warranty is worth real money in my opinion. I've mentioned this before, by mine has paid out, on average about $12,000 in repair costs per year. It appears to me that the market doesn't really value the fidelity warranty, but it should. I would absolutely pay more for a car with a balance of a fidelity warranty than one without.

The best bang for the buck is a V8 that is not low mileage. Or, a collector car that will not lose much value or appreciate (if that's a thing).

I priced out a fidelity warranty on a 2014 v10 I was looking at an it was really expensive. The guy from the car club near vegas helped me (I'm sorry I forgot his name, but someone please post if you can) and he was professional and great to work with.

This is well stated my fidelity warranty has paid out almost 18k this year. Great product and Audi dealerships accept it, many they do not accept.

 

@JuddS i am strongly considering the Fidelity Warranty for the R8 I eventually purchase. I have a fully built home garage with a two post lift, so I normally do all my own work....but that won't save me if I end up needing an engine replacement I suppose. Final decision will come down to pricing on the warranty and details of the coverage.

I recall many years ago my fellow E60 M5 (V10) owners were buying warranties - until so many problems with that platform piled up and companies stopped selling policies overnight. From my purview, these R8s seem much less of a pain to own though.


I've ruled out V8s as I really want that V10 + Spyder combination.