Current values - is the jump real?

Welcome to the DeLorean Club Forum, this area is for general DeLorean chat

Current values - is the jump real?

Postby jerzybondov » Fri Apr 15, 2022 9:25 am

It seems that in the last year in particular values have really jumped - is this a reflection of where the market now is?

For reference, let's establish some context in terms of condition:

1A: Very low miles, absolutely original, excellent cosmetic condition. Could concours tomorrow (although probably couldn't drive there without breaking down) - see the £73k car at Silverstone auctions recently.

1B: Thoroughly well sorted car with immaculate frame (or frame off resto). Excellent cosmetically, thoroughly modernised (stainless exhaust/spax/lowering springs/fuel lines/header tank etc) and large mechanical overhaul on the rest. Could drive to San Tropez in it tomorrow.

2: Cosmetically good or even excellent. Has probably been pulled out of a barn after long term storage and had the jobs done to get it running and a cosmetic spruce. Will get you from A to B and superficially looks like condition 1B but will have a bunch of jobs that need still doing on it, from steering rack to bushes to fuel accumulator etc etc.

3: Runner that needs cosmetic and mechanical work.

4: Non-runner that needs a few jobs doing to get it on the road. Was the previous incarnation of the condition 2 car before someone did the spruce and stuck it on eBay.

5. Basket case.

It seems like at least two condition 2 cars have sold for £50k+ recently. (see https://bit.ly/3uLyRXn) Is this actually where the values currently sit?

In early 2020 a condition 1B car could be picked up for £40k or not much more. Admittedly the market doesn't always see the extra value in a 1B over a 2 (it's not obvious if you don't know DeLoreans) but is it fair to say the current market looks more like this...?

1A: £70k + (these cars are undesirable unicorns unless you want an ornament)
1B: £55k+
2: £50k+
3: £40k+
4: £35k+
5: £25k+

It's a long way from the days when £25k would get you the best DeLorean in the UK!

Discussion welcome - thought it was worth a thread to get a handle on this!
VIN 7176
Official Club Reaper Extraordinaire.
User avatar
jerzybondov
 
Posts: 2603
Joined: Sun Jun 07, 2009 10:24 pm
Location: London NW2
VIN #: 7176
Spaxed

Re: Current values - is the jump real?

Postby CFI » Tue Apr 19, 2022 9:50 pm

I’m sure some of it is inflated due to covid and the jump in value of nearly all cars. However, I do think that some of it is because it is simply long overdue. DeLorean was a bargain for many years and we’re finally seeing the prices that a rare historically significant car deserves.

In the US, Hagerty Insurance currently values a concourse car at an average of $102,000 or roughly £79,000.

I bet prices drop as things slowly get back to normal after covid, but I don’t think they’ll drop to pre-pandemic pricing. I think we’re finally at a stage where DeLoreans command a premium.
CFI
 
Posts: 135
Joined: Tue Oct 16, 2018 1:16 am

Re: Current values - is the jump real?

Postby andyd » Wed Apr 20, 2022 10:17 pm

jerzybondov wrote:

3: Runner that needs cosmetic and mechanical work.

5. Basket case.



Paradox: no delorean ever gets above these criteria! :lol:
andyd
 
Posts: 1184
Joined: Wed Jan 26, 2011 6:24 pm
Location: North London
VIN #: 814

Re: Current values - is the jump real?

Postby jerzybondov » Thu Apr 21, 2022 8:19 am

andyd wrote:
jerzybondov wrote:

3: Runner that needs cosmetic and mechanical work.

5. Basket case.



Paradox: no delorean ever gets above these criteria! :lol:


Very true!!! :D
VIN 7176
Official Club Reaper Extraordinaire.
User avatar
jerzybondov
 
Posts: 2603
Joined: Sun Jun 07, 2009 10:24 pm
Location: London NW2
VIN #: 7176
Spaxed


Return to Welcome! ... General DeLorean chat

Who is online

Users browsing this forum: No registered users and 11 guests

About us

The DeLorean Club UK forum for European DeLorean owners and enthusiasts. The largest DeLorean forum in Europe.

Registration is FREE and all registered users get full access