What if you could walk into Honda and buy one new?
03-25-2015, 05:34 AM
#61
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You cant argue that these cars are following the nsx trend on small scale. They are bringing strong money and climbing. here is a video I took this morning of an 06 with 16k selling at the dealer auction. Went for 24600 so they must think they are going to get near 30 for it. Not far off from when it was new...
http://vid1127.photobucket.com/albums/l632/jdmdohcpower/E3090B79-C781-4D7F-B8A0-1E392C6BCA01.mp4
Looks like you made a pretty good guess. I think this is the same car from that auction. They're asking $29,995 for it.
http://www.cars.com/vehicledetail/de...4995/overview/
http://vid1127.photobucket.com/albums/l632/jdmdohcpower/E3090B79-C781-4D7F-B8A0-1E392C6BCA01.mp4
Looks like you made a pretty good guess. I think this is the same car from that auction. They're asking $29,995 for it.
http://www.cars.com/vehicledetail/de...4995/overview/
03-25-2015, 06:06 AM
#62
So many variables. The 18-year-old in 2000 that lusted after an S2000 but got stuck with his grandmother's Mercury Topaz will be 43 years old in 2025, maybe has some money to spend. Drooling over hot imports from his youth, and the good Supras and final-gen RX7's all gobbled up... might push the values way up. What is gas cost? If high, a low-mile S2000 might be a better purchase than a 'Stang, 'Vette or whatever V8 "dream car" one could alternatively purchase. Basically -- we'll never know until it's too late. And don't forget the Barrett-Jackson Factor. Certainly, I wouldn't invest my money that way.
03-25-2015, 11:00 AM
#63
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Some interesting points have been made in the last 4 posts that I would like to quantify and throw out for comment:
In the collector car world, I have noted a rough rule-of-thumb that time-capsule cars are worth a MINIMUM (emphasis added) of MSRP adjusted for inflation over the long term. This seems to apply to most everything from Grandma's uninteresting 4-door Buick to other more desirable cars. Go to the Hagerty Valuation site and check out your notion of "uninteresting" cars in the graph mode for Class #1 cars (museum pieces); most Class #1 cars have a valuation over time that is a horizontal line (not much market action) and if you do the reverse math, the valuation level ties back to around original MSRP adjusted for the time-value-of-money. For more exciting, collectible, and rare cars, a popularity premium appears to be added atop this base (time-capsule) value and varies all over the map depending on car selected, collector interest, and auction hype.
Using our S-2000 example with a MSRP of $34,995 in 2009 and running this thru a financial calculator results in a 2015 equivalent price of $37,895. Thus, the $40,000 asking price represents a premium of $2,105 at this time ($40,000 - $37,895 = $2,105). Assuming inflation averages 2% over the next 10 years, this would add an additional 20% to the value of the car making it worth at least $45,474 ($37,895 X 1.2 = $45,474) in 2025 if kept as a time capsule. The next issue is how much premium would be added in the next 10 years versus today's $2,105. If 6 years represents $2,105 of premium (about $350 per year), then 10 additional years from today would imply a premium of $3,500 ($350/yr X 10 yr = $3,500). With full premium in 2025, the 2009 S-2000 might be worth $48,974 ($45,474 + $3,500 = $48,974). Of course, inflation could be greater than this 2% assumption and the popularity premium could expand to well beyond the projected $3,500 when and if the market finds that there might not be as many S-2000s around as originally thought.
S-2000 production of 112,552 units is a lot in the collector car world and for comparison purposes is over 6 times NSX production of 18,000 units. The big question is how many S-2000s are left now and how many might be left a decade into the future.
In the collector car world, I have noted a rough rule-of-thumb that time-capsule cars are worth a MINIMUM (emphasis added) of MSRP adjusted for inflation over the long term. This seems to apply to most everything from Grandma's uninteresting 4-door Buick to other more desirable cars. Go to the Hagerty Valuation site and check out your notion of "uninteresting" cars in the graph mode for Class #1 cars (museum pieces); most Class #1 cars have a valuation over time that is a horizontal line (not much market action) and if you do the reverse math, the valuation level ties back to around original MSRP adjusted for the time-value-of-money. For more exciting, collectible, and rare cars, a popularity premium appears to be added atop this base (time-capsule) value and varies all over the map depending on car selected, collector interest, and auction hype.
Using our S-2000 example with a MSRP of $34,995 in 2009 and running this thru a financial calculator results in a 2015 equivalent price of $37,895. Thus, the $40,000 asking price represents a premium of $2,105 at this time ($40,000 - $37,895 = $2,105). Assuming inflation averages 2% over the next 10 years, this would add an additional 20% to the value of the car making it worth at least $45,474 ($37,895 X 1.2 = $45,474) in 2025 if kept as a time capsule. The next issue is how much premium would be added in the next 10 years versus today's $2,105. If 6 years represents $2,105 of premium (about $350 per year), then 10 additional years from today would imply a premium of $3,500 ($350/yr X 10 yr = $3,500). With full premium in 2025, the 2009 S-2000 might be worth $48,974 ($45,474 + $3,500 = $48,974). Of course, inflation could be greater than this 2% assumption and the popularity premium could expand to well beyond the projected $3,500 when and if the market finds that there might not be as many S-2000s around as originally thought.
S-2000 production of 112,552 units is a lot in the collector car world and for comparison purposes is over 6 times NSX production of 18,000 units. The big question is how many S-2000s are left now and how many might be left a decade into the future.
03-25-2015, 11:46 AM
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03-25-2015, 01:18 PM
#66
03-25-2015, 01:41 PM
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Some interesting points have been made in the last 4 posts that I would like to quantify and throw out for comment:
In the collector car world, I have noted a rough rule-of-thumb that time-capsule cars are worth a MINIMUM (emphasis added) of MSRP adjusted for inflation over the long term. This seems to apply to most everything from Grandma's uninteresting 4-door Buick to other more desirable cars. Go to the Hagerty Valuation site and check out your notion of "uninteresting" cars in the graph mode for Class #1 cars (museum pieces); most Class #1 cars have a valuation over time that is a horizontal line (not much market action) and if you do the reverse math, the valuation level ties back to around original MSRP adjusted for the time-value-of-money. For more exciting, collectible, and rare cars, a popularity premium appears to be added atop this base (time-capsule) value and varies all over the map depending on car selected, collector interest, and auction hype.
Using our S-2000 example with a MSRP of $34,995 in 2009 and running this thru a financial calculator results in a 2015 equivalent price of $37,895. Thus, the $40,000 asking price represents a premium of $2,105 at this time ($40,000 - $37,895 = $2,105). Assuming inflation averages 2% over the next 10 years, this would add an additional 20% to the value of the car making it worth at least $45,474 ($37,895 X 1.2 = $45,474) in 2025 if kept as a time capsule. The next issue is how much premium would be added in the next 10 years versus today's $2,105. If 6 years represents $2,105 of premium (about $350 per year), then 10 additional years from today would imply a premium of $3,500 ($350/yr X 10 yr = $3,500). With full premium in 2025, the 2009 S-2000 might be worth $48,974 ($45,474 + $3,500 = $48,974). Of course, inflation could be greater than this 2% assumption and the popularity premium could expand to well beyond the projected $3,500 when and if the market finds that there might not be as many S-2000s around as originally thought.
S-2000 production of 112,552 units is a lot in the collector car world and for comparison purposes is over 6 times NSX production of 18,000 units. The big question is how many S-2000s are left now and how many might be left a decade into the future.
In the collector car world, I have noted a rough rule-of-thumb that time-capsule cars are worth a MINIMUM (emphasis added) of MSRP adjusted for inflation over the long term. This seems to apply to most everything from Grandma's uninteresting 4-door Buick to other more desirable cars. Go to the Hagerty Valuation site and check out your notion of "uninteresting" cars in the graph mode for Class #1 cars (museum pieces); most Class #1 cars have a valuation over time that is a horizontal line (not much market action) and if you do the reverse math, the valuation level ties back to around original MSRP adjusted for the time-value-of-money. For more exciting, collectible, and rare cars, a popularity premium appears to be added atop this base (time-capsule) value and varies all over the map depending on car selected, collector interest, and auction hype.
Using our S-2000 example with a MSRP of $34,995 in 2009 and running this thru a financial calculator results in a 2015 equivalent price of $37,895. Thus, the $40,000 asking price represents a premium of $2,105 at this time ($40,000 - $37,895 = $2,105). Assuming inflation averages 2% over the next 10 years, this would add an additional 20% to the value of the car making it worth at least $45,474 ($37,895 X 1.2 = $45,474) in 2025 if kept as a time capsule. The next issue is how much premium would be added in the next 10 years versus today's $2,105. If 6 years represents $2,105 of premium (about $350 per year), then 10 additional years from today would imply a premium of $3,500 ($350/yr X 10 yr = $3,500). With full premium in 2025, the 2009 S-2000 might be worth $48,974 ($45,474 + $3,500 = $48,974). Of course, inflation could be greater than this 2% assumption and the popularity premium could expand to well beyond the projected $3,500 when and if the market finds that there might not be as many S-2000s around as originally thought.
S-2000 production of 112,552 units is a lot in the collector car world and for comparison purposes is over 6 times NSX production of 18,000 units. The big question is how many S-2000s are left now and how many might be left a decade into the future.
03-25-2015, 05:48 PM
#68
New cars must have gizmos to sell. Wasn't the S2000 built by Honda --- at low profit margin --- just to celebrate their 50th anniversary? Can't foresee them doing this again, for quite a while. Maybe, during 75th year?
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