Evora prices post Emira launch

[Cdm2018]

I know too early to say for sure but when I was looking over the U tube collection of reviews of the Emira there were references to Evora drop in prices ?

just wonder as currently prices for used Evoras seem to climb will these fall dramatically in coming time ? 
 

to me I will keep mine but if I did change my mind and finances I personally go for Evora newer model over the Emira but I could change my mind ? 

[mg4lotus]

Like you say, too early to say.

Emira is not on the road until next year so I would think Evora will keep rising until then but then will take a dip. The Evora is a classic and its attributes will still be desirable. Sporty, excellent handling, comfortable, can be driven all day, hand built, exclusive, comparatively lightweight, sounds great, looks great. There will still be people that will cherish this as long as petrol is affordable.

The right car will fetch the right price.

Edited July 7, 2021 by mg4lotus
typo

[Bravo73]

Don't forget that most Evoras offer something that the Emira can't: +2.

[21gg]

I think any added exposure to the general public of LOTUS will help keep prices firm in the short term added to the fact that the Emira is not a +2. Generally though, as the Emira is priced at a lower price point that the Evora I think it will impact residuals, but it will be interesting to see what the real price of a normally specced Emira will be. I suspect they are following suit of many manufacturers of having a long (longer) list of options, so I wouldnt be surprised if areal spec car is at least £70k. I think the pick will be the 4cyl amg once they up the power output. I wouldnt surprise me if over time the V6 is discontinued leaving just the 4cyl, once we all get used to the idea of downsized engines. 

[windymiller]

ive been thinking the same thing and if a dealer has a new or nearly new evora siting on his forcourt id be wanting shot !!! but as has been said the emira is or should be a volume car and the evora wasnt, with the pr of the emira maybe it will generate more interest in previous models ??

[Bravo73]

23 minutes ago, windymiller said:

if a dealer has a new or nearly new evora siting on his forcourt id be wanting shot !!! 

The first Emiras aren't going to be available for another year or so.

If I was a dealer with an Evora to sell, I would be thinking about persuading a potential Emira customer to 'try' an Evora for the next year or so and to offer a guaranteed part-ex price against a new Emira in 12-18 months time.

[andyj007]

is this right?  bell and covil are saying spring delivery for v6 & summer for amg give or take a couple of months , thats 8 months..  any evora sitting at 50-80k is in the firing line for a comparison purchase.  30-45k cars are a different price point. it has always amazed me at how tricky evoras  can be to shift on vdespite being awesome..   ..  perhaps the  depreciation in order to shift on 5 year cars will be quite steep now . youve got to really want an evora over an emira to buy one at the same or more price point. and there was always a limited market on evoras anyway.. this just reduces that pool does it not? , whilst it does bring in new blood, i can see that new blood wanting the emira creature comforts.. an dteh latest and greatest?  

for instance the lovely smurf blue 410 gt on sale for 68k on auto100.co.uk is a direct choice between the new emira v6 ..  the emira amg at under 60k is a no brainer..for new blood purchase ,  exige and elise offer a different experience to the gt evora so have a different market..  but for me a 50k elise or  58k emira ...  no brainer emira ,,  but ive done the evora & elise so im biased 

The emira looks even better today that it did yesterday ..  looking forward to seeing it tomorrow & friday at FOS

any dealer with stock other than SOR is going to be rethinking i guess, but i imagine that as they knew this was coming they made adjustments to what they purchased to sell on

 

Edited July 7, 2021 by andyj007

[thealastair34]

Top end of the market must taking a kicking why would you want a used older car over the new one?

 

[electro_boy]

Emira is a bit softer and heavier than the 4XX versions of the Evora.  I can see the Evora appealing a bit more to some people.

I can also see people buying a GT430 as they don't want to wait for the more hardcore version of the Emira to be launched.

But I think the number of people will be low but then the number of 410/430 cars was quite low anyway so possibly demand and supply will be roughly the same keeping prices flat?

[Barrykearley]

Looks like lotus are trying to up their presence

[Gadzooks]

Agree that nearly new Evoras will take a bit of a hit.  Even though I have the Sport 410 so 2+0 I am hoping that the more track focused nature will still differentiate it from an Emira and attract a different customer.  Overall, I think that the Emira will help raise the profile of Lotus and potentially create some more ‘foot fall’ that might buy an Evora

[windymiller]

audi did the same thing at lamborghini with the gallardo, in bringing in a useable high volume car which arguably saved lamborghini, the emira is the same thing, it has to sell in big volumes     

[jep]

I suspect Emira will be a quite different drive to Evora. It is clearly aimed at non-believers - and rightly so. Lotus have finally seen the light - even if it is heavy. 

Sport 410, GT430, GTE will be the halo Evora. NA will always have a following. The others will price around those. 

Evora special. Emira different.

I think Emira will really boost Exige interest. There will be nothing like Exige to buy new for those (a) finding Lotus for the first time (b) those wanting a more 'pure' Lotus. 

Justin 

[CharlieGee]

If the Emira is available sensibly specced at around £60k then surely that puts an upper limit of £50k on any Evora other than a 430? Even if you argue that the Evora is as desirable as an Emira (which would be a pretty niche view) it's old Vs new.

[jep]

I just don't see Emira driving like a 410 or 430. 

Irrespective, it will be really great news if Lotus can sell Emira at a profit for list £60k. Price has been the killer for Lotus since circa 2005 - they just could not make the cars at low cost. 

Geely really will have changed the dynamic if they fix this.

Justin 

 

 

[au-yt]

My two cents worth, is that there will be a drop in EVORA prices its classic car market scenario and happens all the time, except for the very limited edition cars. And as has been pointed out the Evora is a +2 it also has easily upgraded ICE.

I really like the styling of the EMIRA and far more main stream it is things that appeal to the new younger car buyers ICE etc PDK box and it will steal sales from the Cayman just on looks.  I am not a fan of having a big TV screens taking up dash space and no aux instruments. any one else notice the Mercedes interior parts

Having said that there are some aspects of new cars I don't like and that they are dealer only servicing and have bespoke tyres isn't going to be cheap.

 

[C8RKH]

7 hours ago, au-yt said:

except for the very limited edition cars

I don't understand some of the logic being expressed here at all to be honest.  ALL EVORA's ARE VERY LIMITED EDITION CARS!  You're talking about a car that has consistently struggled to sell, in the UK, at over 200 vehicles a year since the year after launch. How limited is limited?  To put this into context, the Limited Edition "special" that was the Audi R8 RWS was launched with a limited edition of 999 cars!  Aston Martin built 200 ( a whole years supply of Evora's) of the N400 Vantage, and 252 N420 Vantage's.

Evora has ALWAYS been a heart over head purchase has it not?  People buy it for the looks, The exclusivity. The fact it is British. And I would argue for the later 4xx cars the V6 with the manual gear box and that sound of the exhaust. NOTHING else beats it or sounds like it on the market.

So to try to apply "usual market" thinking to a car that sold in such small numbers is, to me, just bonkers as the Evora market is not a usual market.

The +2 will attract some owners. The manual will attract most owners. Will the more hardcore 410 Sport/GT430 fair better than other Evora's especially given that they are +0, not +2 cars?  Hmmm, I don't know. Surely "hard core" performance track focused drivers will be in an Exige, NOT an Evora, by and large anyway.

Also, the Evora will always now be an exceptionally rare sight on the roads. It will be an uber exclusive car.  The Emira will be much more common, not least, as it is the ONLY option if you want a Lotus, so all Lotus cars will be an Emira, therefore, much more common.

I think the combination of V6, noise and manual will see demand for the Evora remain consistent - probably around 50 sales a year max. All will be second hand and will be at least 2nd, probably 3rd, 4th or even 5th cars in the fleet.

I think the cars that will hold their value extremely well, will be any CUP Exige and any CUP Elise and the more recent cars like the 220/240 Elise's and the 380, but especially the 410/430 Exiges due to them almost exclusively being more track focused, slightly more hard core, driver focused machines with a TARGA/SOFT top for open air fun.  What else is there that really competes with these cars? These are a much more, driver focused, "special" than any Evora, arguably including the GT430.

Remember, the V6 Emira will start at £75k.  By the time you add paint, some carbon, some packs etc, I would expect to see "real" prices in the £85k - 95k bracket for cars leaving the dealerships.  That's a £25k-35k premium over a used 410 Sport and early GT410. A £15k premium over a used GT430 with the latest sales being around the £75-80k mark. Then we have top factor in waiting times for Emira's, the deposit holders First Editions will be first built and most will be specc'ed to choice re colour etc. So it could very likely be a minimum of 18 months from now before any Emira's hit the 2nd market, and probably 2 years from now but they hit in any number. Orders for new cars will, if ordered now, have a minimum 9 month wait, a likely 18 month wait given the deposits that may have been placed.

So arguably you might see owners slipping into an Evora for the next 2/3 years as a "stop gap" until their Emira arrives new, or until 2nd hand cars hit the market. So again, given that only about 50 Evora's are "sold", new and used, why would prices flop?

As for me, I'm actually thinking of waiting 2/3 years to buy an Emira. Why you all cry?  (hahahaha). Well simply because it gives me 2/3 years to get the cash together for an outright purchase which means I could have a 4pot Emira, probably with almost 400bhp by then and with flappy paddles, AND keep my 410Sport manual V6 alongside it in the garage. Something for the daily, and something to make me feel "special" when I think I deserve it.....  Works for me.

[Barrykearley]

Wong be long @C8RKH and the 400s will be mid 20s - I can’t wait 🤣

[au-yt]

1 hour ago, C8RKH said:

I don't understand some of the logic being expressed here at all to be honest.  ALL EVORA's ARE VERY LIMITED EDITION CARS!  You're talking about a car that has consistently struggled to sell, in the UK, at over 200 vehicles a year since the year after launch. How limited is limited?  To put this into context, the Limited Edition "special" that was the Audi R8 RWS was launched with a limited edition of 999 cars!  Aston Martin built 200 ( a whole years supply of Evora's) of the N400 Vantage, and 252 N420 Vantage's.

Evora has ALWAYS been a heart over head purchase has it not?  People buy it for the looks, The exclusivity. The fact it is British. And I would argue for the later 4xx cars the V6 with the manual gear box and that sound of the exhaust. NOTHING else beats it or sounds like it on the market.

So to try to apply "usual market" thinking to a car that sold in such small numbers is, to me, just bonkers as the Evora market is not a usual market.

The +2 will attract some owners. The manual will attract most owners. Will the more hardcore 410 Sport/GT430 fair better than other Evora's especially given that they are +0, not +2 cars?  Hmmm, I don't know. Surely "hard core" performance track focused drivers will be in an Exige, NOT an Evora, by and large anyway.

Also, the Evora will always now be an exceptionally rare sight on the roads. It will be an uber exclusive car.  The Emira will be much more common, not least, as it is the ONLY option if you want a Lotus, so all Lotus cars will be an Emira, therefore, much more common.

I think the combination of V6, noise and manual will see demand for the Evora remain consistent - probably around 50 sales a year max. All will be second hand and will be at least 2nd, probably 3rd, 4th or even 5th cars in the fleet.

I think the cars that will hold their value extremely well, will be any CUP Exige and any CUP Elise and the more recent cars like the 220/240 Elise's and the 380, but especially the 410/430 Exiges due to them almost exclusively being more track focused, slightly more hard core, driver focused machines with a TARGA/SOFT top for open air fun.  What else is there that really competes with these cars? These are a much more, driver focused, "special" than any Evora, arguably including the GT430.

Remember, the V6 Emira will start at £75k.  By the time you add paint, some carbon, some packs etc, I would expect to see "real" prices in the £85k - 95k bracket for cars leaving the dealerships.  That's a £25k-35k premium over a used 410 Sport and early GT410. A £15k premium over a used GT430 with the latest sales being around the £75-80k mark. Then we have top factor in waiting times for Emira's, the deposit holders First Editions will be first built and most will be specc'ed to choice re colour etc. So it could very likely be a minimum of 18 months from now before any Emira's hit the 2nd market, and probably 2 years from now but they hit in any number. Orders for new cars will, if ordered now, have a minimum 9 month wait, a likely 18 month wait given the deposits that may have been placed.

So arguably you might see owners slipping into an Evora for the next 2/3 years as a "stop gap" until their Emira arrives new, or until 2nd hand cars hit the market. So again, given that only about 50 Evora's are "sold", new and used, why would prices flop?

As for me, I'm actually thinking of waiting 2/3 years to buy an Emira. Why you all cry?  (hahahaha). Well simply because it gives me 2/3 years to get the cash together for an outright purchase which means I could have a 4pot Emira, probably with almost 400bhp by then and with flappy paddles, AND keep my 410Sport manual V6 alongside it in the garage. Something for the daily, and something to make me feel "special" when I think I deserve it.....  Works for me.

I hope your correct, However my comment is generic in respect of the car market.  It’s rare that an out going model of anything doesn’t take a hit in price.
Rarity as I’ve found through my own personal experience of two excitedly rare exotics 1 of 430 cars, one of 35 RHD cars doesn’t equate to  holding its value. It’s the perception of the market that affects the value.

The fact that Lotus is upping the anti on the service network will work in the cars favour which will improve the markets perception and hopefully values.

[C8RKH]

But that's my point @au-yt - you can't use "generic car market" assumptions, comparing something that sells in tens, hundreds of thousands, even millions, against something that sells in tens and hundreds!

You're comparing melons with apples. Yes, they both are fruits. Yes they both can be green skinned. But there the similarity ends,

[Colin P]

I think that the Emira will put a cap on the value of an Evora assuming that you can walk away with one at sub £60K. This does however rather depend upon what the final "real" cost of an Emira is.

They are building the V6 first. The belief seems to be that this will be the more expensive (is it actually confirmed that the "old" V6 is the premium model over the "modern" 4 pot?). Therefore as Andy says the entry level Emira for the next year or 2 is not £55/£60K, it's £75/£80K, which is similar money to a new stock Evora. Therefore until the 4pot is launched it is unlikely to affect 2nd hand Evora values significantly and then only if it is indeed a "real" sub £60K price tag.

[rudolphwolven]

3 hours ago, C8RKH said:

I don't understand some of the logic being expressed here at all to be honest.  ALL EVORA's ARE VERY LIMITED EDITION CARS!  You're talking about a car that has consistently struggled to sell, in the UK, at over 200 vehicles a year since the year after launch. How limited is limited?  To put this into context, the Limited Edition "special" that was the Audi R8 RWS was launched with a limited edition of 999 cars!  Aston Martin built 200 ( a whole years supply of Evora's) of the N400 Vantage, and 252 N420 Vantage's.

Evora has ALWAYS been a heart over head purchase has it not?  People buy it for the looks, The exclusivity. The fact it is British. And I would argue for the later 4xx cars the V6 with the manual gear box and that sound of the exhaust. NOTHING else beats it or sounds like it on the market.

So to try to apply "usual market" thinking to a car that sold in such small numbers is, to me, just bonkers as the Evora market is not a usual market.

The +2 will attract some owners. The manual will attract most owners. Will the more hardcore 410 Sport/GT430 fair better than other Evora's especially given that they are +0, not +2 cars?  Hmmm, I don't know. Surely "hard core" performance track focused drivers will be in an Exige, NOT an Evora, by and large anyway.

Also, the Evora will always now be an exceptionally rare sight on the roads. It will be an uber exclusive car.  The Emira will be much more common, not least, as it is the ONLY option if you want a Lotus, so all Lotus cars will be an Emira, therefore, much more common.

I think the combination of V6, noise and manual will see demand for the Evora remain consistent - probably around 50 sales a year max. All will be second hand and will be at least 2nd, probably 3rd, 4th or even 5th cars in the fleet.

I think the cars that will hold their value extremely well, will be any CUP Exige and any CUP Elise and the more recent cars like the 220/240 Elise's and the 380, but especially the 410/430 Exiges due to them almost exclusively being more track focused, slightly more hard core, driver focused machines with a TARGA/SOFT top for open air fun.  What else is there that really competes with these cars? These are a much more, driver focused, "special" than any Evora, arguably including the GT430.

Remember, the V6 Emira will start at £75k.  By the time you add paint, some carbon, some packs etc, I would expect to see "real" prices in the £85k - 95k bracket for cars leaving the dealerships.  That's a £25k-35k premium over a used 410 Sport and early GT410. A £15k premium over a used GT430 with the latest sales being around the £75-80k mark. Then we have top factor in waiting times for Emira's, the deposit holders First Editions will be first built and most will be specc'ed to choice re colour etc. So it could very likely be a minimum of 18 months from now before any Emira's hit the 2nd market, and probably 2 years from now but they hit in any number. Orders for new cars will, if ordered now, have a minimum 9 month wait, a likely 18 month wait given the deposits that may have been placed.

So arguably you might see owners slipping into an Evora for the next 2/3 years as a "stop gap" until their Emira arrives new, or until 2nd hand cars hit the market. So again, given that only about 50 Evora's are "sold", new and used, why would prices flop?

As for me, I'm actually thinking of waiting 2/3 years to buy an Emira. Why you all cry?  (hahahaha). Well simply because it gives me 2/3 years to get the cash together for an outright purchase which means I could have a 4pot Emira, probably with almost 400bhp by then and with flappy paddles, AND keep my 410Sport manual V6 alongside it in the garage. Something for the daily, and something to make me feel "special" when I think I deserve it.....  Works for me.

*****

Moreover the GT / 410 / 430's are the final results after intensive modifications on the 1st Evora ref. specification, performance, handling and especially reliability.  Several road tests of the last years are all very, very positive.        It now already is recognized as the last true Lotus. Imo it will take years for the new Emira to reach the same level as  the Evora finally has.  We all know that new Lotus models have their issues / problems to be eliminated in the following years.  I find the Emira a nice car from the outside, especially the back however a little "Caymannish" which I absolutely dislike.  The interior for me is to fancy, the added 2nd display looks as it is glued to the dashboard and can fall of.  You can expect that in later versions it will become embedded very nicely as with the Evora.  I just recently did purchase a new (the last Dutch imported) GT 410 Sport and this is the 3rd GT 410 in the Netherlands. There are only 20 officially Lotus imported and 15 side imported (2nd hand) in the Netherlands now.   In the next years this will remain a very exclusive car amongst many, many Emira's  That's the way I like it........

 

 

Edited July 8, 2021 by rudolphwolven

[au-yt]

21 minutes ago, C8RKH said:

But that's my point @au-yt - you can't use "generic car market" assumptions, comparing something that sells in tens, hundreds of thousands, even millions, against something that sells in tens and hundreds!

You're comparing melons with apples. Yes, they both are fruits. Yes they both can be green skinned. But there the similarity ends,

Sorry, but 45 years of motoring life experience says other wise, EVORA's are great cars and they are, and to the people who own them, but the market perception is very different. its a classic market scenario no matter what the car is.

 

[C8RKH]

We'll just have to disagree as you are now mixing things up to be honest and broadening your argument from the original point raised, so just end up going round in larger circles.

[au-yt]

Agreed.