S2000 values now and in the future
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Joined: May 2014
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From: Calgary, AB
Originally Posted by GSteg' timestamp='1456181688' post='23887960
[quote name='Frida83' timestamp='1456181091' post='23887951']
Anyone feel like prices have dropped compared to this time last year? I've been seeing a lot of deals in SoCal recently that have given me slight buyer's remorse over my car
Anyone feel like prices have dropped compared to this time last year? I've been seeing a lot of deals in SoCal recently that have given me slight buyer's remorse over my car
[/quote]
This will always happen though. I always look at for sale ads, even after buying a car. Curiosity and just liking to look. I got my winter car ( 07 Legacy Spec B) for a steal and even still there have been a few cars pop up that I think "damn I wish that was available when I was looking". But it is what it is, I love both my cars.
Joined: Jul 2014
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From: Chesterfield VA
I'm in Ohio, a very limited S2000 market, and it seems asking prices for unmolested cars here have remained constant or risen slightly the past two years since I bought my MY06 in 2014. 10% increase perhaps. By asking prices my car has appreciated despite 9,000 more miles in the past two seasons. Getting folks to supply sales prices seems difficult... 
I doubt I've seen twenty other S2000s on the road in the past two years and half that number was on the same day during a back roads drive in the east central part of the state late last summer. Very low supply here. Demand is seasonal at best but when the few available come up for sale they seem to change hands fast. I know I "just missed" several when I was in the market in 2014. I wasn't going to lose the one I bought dickering for $1000.
-- Chuck
I doubt I've seen twenty other S2000s on the road in the past two years and half that number was on the same day during a back roads drive in the east central part of the state late last summer. Very low supply here. Demand is seasonal at best but when the few available come up for sale they seem to change hands fast. I know I "just missed" several when I was in the market in 2014. I wasn't going to lose the one I bought dickering for $1000.
-- Chuck
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You would think north carolina would have S2000's pop up all the time because of our fair weather most of the year. Nope. It's really frustrating seeing the same junked S's every week that either never sell or they never remove the listings but I wouldn't touch most of those with a 10 ft pole. And when a nice one DOES pop up, it's RIDICULOUSLY priced. I don't remember the exact details but I think it was a SS on red with 80k mi or something in not the best condition (couple holes in top, rashed wheels, dings and dents) and the guy wanted 20k. How do you even negotiate that? This area SUCKS for Ss.
No joke, typically the DEALERS in the area offer MUCH more fair prices for S's that pop up than do private sellers. People here are straight dumb or something.
No joke, typically the DEALERS in the area offer MUCH more fair prices for S's that pop up than do private sellers. People here are straight dumb or something.
Thread Starter
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From: Chicagoland Area
Since you're a finance/economics guy then the explanation is:
1) There will always be a constant demand for S2000, unlike the Toyota Tercel. Hence, the \ demand line.
2) The supply of S2000 is constant, since production has ended. Hence, the | supply line.
3) The supply of S2000 is diminishing every year due to collisions and some owners not willing to sell them (since S2000 is such an awesome drivers car). Hence, the | supply line will move to the left.
4) When reducing the constant of supply, this will drive up the price of the good because sellers will want to sell as high as of a price for people who wants to buy a S2000 since S2000 is such an awesome drivers car!
Substitute the below graph of i to Price, and Money to supply of S2000
1) There will always be a constant demand for S2000, unlike the Toyota Tercel. Hence, the \ demand line.
2) The supply of S2000 is constant, since production has ended. Hence, the | supply line.
3) The supply of S2000 is diminishing every year due to collisions and some owners not willing to sell them (since S2000 is such an awesome drivers car). Hence, the | supply line will move to the left.
4) When reducing the constant of supply, this will drive up the price of the good because sellers will want to sell as high as of a price for people who wants to buy a S2000 since S2000 is such an awesome drivers car!
Substitute the below graph of i to Price, and Money to supply of S2000
Cars improve so at some point the S2000 isn't necessarily the best value for money but might hold value or appreciate because it's an experience newer cars can't offer (think light, air cooled 911 or in the case of S2k, 9k redline), or collectibility/nostalgia. If you think the S2000 will appreciate, which is the main factor?
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Nice Econ 101 refresher! Let's visit assumption number 1. Right now the S2000 is a better driver's car than a BRZ/FRS and probably the Miata ND too though a case can be for the lighter car. In a year, the aftermarket will have that ND figured out and should have some good power mods. Granted it won't have a 9k redline.
Cars improve so at some point the S2000 isn't necessarily the best value for money but might hold value or appreciate because it's an experience newer cars can't offer (think light, air cooled 911 or in the case of S2k, 9k redline), or collectibility/nostalgia. If you think the S2000 will appreciate, which is the main factor?
Cars improve so at some point the S2000 isn't necessarily the best value for money but might hold value or appreciate because it's an experience newer cars can't offer (think light, air cooled 911 or in the case of S2k, 9k redline), or collectibility/nostalgia. If you think the S2000 will appreciate, which is the main factor?
/thread
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I believe you're trying to ascertain a change (increase) in demand, so that the \ curve shifts to the right. Unfortunately, I do not see such increase in demand. First of, the S2000 was a mass production vehicle. It is special but not exotic. Second, the styling is great but not shape shifting. Third, it's fast in its own class, but doesn't pull a 4 secs 0-60 nor a 11sec 1/4 stock.
So all those factors I listed above, I support my argument the price increase will be based on supply side, not demand.
So all those factors I listed above, I support my argument the price increase will be based on supply side, not demand.
Nice Econ 101 refresher! Let's visit assumption number 1. Right now the S2000 is a better driver's car than a BRZ/FRS and probably the Miata ND too though a case can be for the lighter car. In a year, the aftermarket will have that ND figured out and should have some good power mods. Granted it won't have a 9k redline.
Cars improve so at some point the S2000 isn't necessarily the best value for money but might hold value or appreciate because it's an experience newer cars can't offer (think light, air cooled 911 or in the case of S2k, 9k redline), or collectibility/nostalgia. If you think the S2000 will appreciate, which is the main factor?
Cars improve so at some point the S2000 isn't necessarily the best value for money but might hold value or appreciate because it's an experience newer cars can't offer (think light, air cooled 911 or in the case of S2k, 9k redline), or collectibility/nostalgia. If you think the S2000 will appreciate, which is the main factor?
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Joined: May 2004
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From: Vienna, VA
Asking prices in the DC area have shot up. You used to be able to see compelling (meaning doesn't need massive repairs like a top or isn't riced out) start at around $11K. Now, they're $16K and up. Sales prices=/=asking prices, but these have held steady for years.
I do expect them to all settle at $17K-$20K depending on miles/year eventually, with the CR having a premium. $100K...no, unless it's in showroom condition with low miles.
I do expect them to all settle at $17K-$20K depending on miles/year eventually, with the CR having a premium. $100K...no, unless it's in showroom condition with low miles.
