S2000 Talk Discussions related to the S2000, its ownership and enthusiasm for it.

Values will stop falling

Thread Tools
 
Old Jun 13, 2009 | 06:06 AM
  #11  
zzziippyyy's Avatar
20 Year Member
 
Joined: Mar 2005
Posts: 78,840
Likes: 7
From: On yo puter screen
Default

I also agree that the S price landscape will change dramatically once the leftover 08's and the 09's dry up. Once they are gone if you want an S there is only one place to go and that's the used market. There will always be a demand for S2000's as there is nothing close to it in another car. It is its own breed. Also remember there is a bit of automotive history with it when you consider it is the highest hp per liter ca rin normally aspirated form produced to date. That fact alone gives the cars legs on the secondary market.

Combine that with the constant accident cars and other retired cars the prices will stabilize. Will they go up dramatically probably no but they may appreciate slightly and settle out nicely.

Time will tell. But the key is demand, as goes demand so goes prices.
Reply
Old Jun 13, 2009 | 07:40 AM
  #12  
C U AT 9K's Avatar
Member (Premium)
20 Year Member
 
Joined: Mar 2004
Posts: 17,163
Likes: 4
Default

Bridgewater Acura has an 06 Spa with 36k on it for $21
Reply
Old Jun 13, 2009 | 08:43 AM
  #13  
y2ks2k's Avatar
Registered User
25 Year Member
 
Joined: Oct 2000
Posts: 3,370
Likes: 4
From: Vancouver, WA USA
Default

When I bought my S2000 the day it came out in August of 1999... I had people hanging out their windows screaming "S2000". Kids would run to the corner to see it. It almost caused many wrecks from people trying to look at it. This lasted the first 2 years I owned them.

I dropped my son off at school the other day and no more then 10 6-10 year olds shouted "nice car". Thats 10 years after it was first released. I dropped them off no more then 200 times in my old IS350 and no kid ever said anything. The response I get even in my S2000 now is amazing.

Just look at the size and power of this web site considering they produced what 100000 S2000's in the USA? S2000 enthusiast owners are almost fanatical.

Prices on the S2000 will stay high/level for some time, especially in the regions like mine where they sold for $5K over msrp for the first 2-3 years they came out.

The S2000 is and will be a collectors car for years. A lot of our younger members may not realize this. The "fast and furious" crowd has always existed for the S2000 and they typically move on fast (to the next "best" thing", but look at a lot of people around here who have been around for 10 years.
Reply
Old Jun 13, 2009 | 09:42 AM
  #14  
way2low01's Avatar
Registered User
 
Joined: Jul 2006
Posts: 1,067
Likes: 0
From: Fredericksburg, VA
Default

I do agree with that statement. It simply amazes me that a 9-10 year old design grabs so much attention from kids and adults alike. I mean it doesn't amaze me, the s2000 is a beautiful car.
Reply
Old Jun 13, 2009 | 10:03 AM
  #15  
s2kwhitepanama's Avatar
Registered User
 
Joined: Apr 2008
Posts: 936
Likes: 0
Default

maybe the s2000 will end these year with better resale value because people will stop to sell his sport cars for liquidity , thanks to the good signs of economy... s2000 brake a lot of necks every time that i hit the streets , specially now that there are only 5 or 6 of them... i will never sell it...
Reply
Old Jun 13, 2009 | 10:17 AM
  #16  
LEE72's Avatar
Registered User
 
Joined: Nov 2006
Posts: 1,023
Likes: 0
From: San Francisco, CA
Default

I always consider it a compliment of the highest order when a little kid says "Mommy, I LOVE that car!" or "That's a beautiful car!". That's the sincerest compliment anyone can get.
Reply
Old Jun 13, 2009 | 10:40 AM
  #17  
geminimech's Avatar
Registered User
 
Joined: Feb 2008
Posts: 1,326
Likes: 0
From: Northern Virginia
Default

Ok now while I do share the warm sentiments of s2000's as I owned one and loved it, I can not echo the sentiments that the value will increase significantly, even with the recent end to production. Truth be told, to say the s2000 is rare is a fallacy.... That is evident by the current market value for even pristine examples. You drive them off the lot and from then on they are worth 20k. Maybe in certain regions of the country they are rare, however in densely populated areas with decent weather they are a dime a dozen. Just yesterday I saw 4. FOUR! And two were suzuka blue.... In 20 years when, half are crashed, and a quarter are sitting in junk yards from people who ran them into the ground with no remorse, then and only then will I think you see a spike or surge in values to the car at or above what they were offered for at MSRP.
Reply
Old Jun 13, 2009 | 10:42 AM
  #18  
negcamber's Avatar
Former Moderator
 
Joined: Jul 2001
Posts: 8,821
Likes: 5
From: Jacksonville, FL
Default

Originally Posted by rnye,Jun 13 2009, 01:19 AM
I think its resale will be comparable to an FD RX7.
I think this is probably spot on. The FD is pretty comparable...similar kind of enthusiast would be a buyer. The FD much more rare (14k sold in the US), but demand is higher for the s2k from the Honda following.

But looking at autotrader, well built excellent models can bring as high as $30k...tatty examples are in the $8k range. I would imagine by 2015-2020, the s2k will be similarly priced (adjusted for inflation).
Reply
Old Jun 13, 2009 | 11:09 AM
  #19  
negcamber's Avatar
Former Moderator
 
Joined: Jul 2001
Posts: 8,821
Likes: 5
From: Jacksonville, FL
Default

Originally Posted by geminimech,Jun 13 2009, 01:40 PM
Truth be told, to say the s2000 is rare is a fallacy
Rarity isn't the only driver in price...there is also demand. Because of the Honda crowd, I think the s2k will be something like the Corvette. Chevy makes a ton of vettes each year but their value stays up because there are a ton of people who would buy one.

In 2000 when the s2k came out MSRP was about $32k, there were about 9k cars brought to the US. In 2000 Chevy made 33k Vettes and sold them for $5k more than the S2k. Today a 2000 vette in decent shape still sells for about $14-15k...so the demand is still there to support a $5k higher price than a 2000 s2k even though there are 3x as many vettes from that year.
Reply
Old Jun 13, 2009 | 11:21 AM
  #20  
jeffbrig's Avatar
20 Year Member
Liked
Loved
Community Favorite
 
Joined: Jul 2002
Posts: 2,537
Likes: 101
From: Fort Lauderdale
Default

Demand and scarcity will help to maintain values on the S2000 over the coming years. My expectation is that clean, well-maintained S2000s will settle in the $13-$15k range over the long-term. Less for really high mileage, heavily modded, or crashed/repaired cars. I don't think we'll ever see prices approaching MSRP (without inflation) even for time-capsule quality cars.
Reply



All times are GMT -8. The time now is 04:47 PM.