MR2 price development

Started by Petrus, September 1, 2022, 18:27

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Petrus

in Spain.
Every few months I search the sales sites for a Spyder nearby for sale. I want to do a test drive with a stock model to compare with mine.

There are at the moment 14 for sale at the average asking price of a  whopping 12.500 €  but it must be observed that 6 have a hard top included.

That is roughly about 30% up in 4 years.

...and no, nothing ´near´.

J88TEO

wow....
better keep my other 2s and sit tight for a few more years!

Petrus

Quote from: J88TEO on September  1, 2022, 21:12wow....
better keep my other 2s and sit tight for a few more years!

Even though it may differ a bit per country as does offer and demand thus the áctual price but wherever, the model is definitely past the lowest price level.

McMr2

In the UK at least, most used cars have climbed in the past few years due to supply chain issues on new cars (I'm not wading any further into certain political decisions which may or may not be a factor). No doubt some official stats would put a figure on it.
2004 Silver. Stock(ish).

Petrus

Quote from: McMr2 on September  2, 2022, 09:01In the UK at least, most used cars have climbed in the past few years due to supply chain issues on new cars

Here it is demand; no demand  for new cars. C-word resulted in a combination of less mileage, less income forsome, less stability overall and thus more savings for others.
Followed by economic weirdness followed by a war adding to energy crisis = even less demand.

The demand for new there is, is seriously changed too. The Toyota Yaris has shot up from also ran to best sold, overtaking more than half a dozen competitors.

Anyway, the MR2 is most definitely not much affected if at all by this as over here it is not a daily, not affected by the demand for used transport. If by anything it is affected by the increased demand for luxury/hobby goods by those who saved more. I think though that being a Toyota it is too mundane.
Imo it simply is the typical development of ´classic´ cars.
The UK is a bit different in that there were relatively more, very many more, sold new. Even so, over there too I would expect them to be more following the typical increase in value because of classic status appreciation than because of demand for a used car to run about.
Whatever it is; them´s increasing in price  :'(

J88TEO

Cab still get bargain buckets but will have to spend lots and time to fix.

Petrus

Quote from: J88TEO on September  2, 2022, 11:45Cab still get bargain buckets but will have to spend lots and time to fix.

So not really bargain no?!

Over here the Spyders are in general relatively low mileage, rust free and half of them with hard top.

The only affordable national ones have silly mileage and the cheap ones are RHD UK imports which are more economical pieced off as nobody wants an RHD with steel worm.

J88TEO

Now if only I have the space and the spare cash!....

Petrus

Quote from: J88TEO on September  2, 2022, 15:39Now if only I have the space and the spare cash!....


Maybe in the UK. Over here I think there is not much room for a further increase as it is getting into Boxster territory and there is a veritable pléthora of those for sale.

Joesson

Quote from: Petrus on September  2, 2022, 16:21Maybe in the UK. Over here I think there is not much room for a further increase as it is getting into Boxster territory and there is a veritable pléthora of those for sale.

From what (little) I've read about the Boxster, and while it is aspirational, it can require deeper pockets to maintain than our 2.

Ardent


tomato

Anything German that is aging is generally a money pit  :o

Petrus

Quote from: tomato on September  2, 2022, 17:14Anything German that is aging is generally a money pit  :o


Note to self: nó German gf!

Ardent

Quote from: tomato on September  2, 2022, 17:14Anything German that is aging is generally a money pit  :o

For a moment I thought you meant Petrus.
Then remembered he's Dutch not Deutsch.  ;)

Dev

Quote from: tomato on September  2, 2022, 17:14Anything German that is aging is generally a money pit  :o

 Maybe at one time they were incredibly well built cars but now they are an opulent hot mess of problems.
 Sympathizers of German brands will point out that high end requires high maintenance. This is just an excuse for bad engineering. A BMW is not a supercar. 

J88TEO

Old German cars were built by engineers while the newer ones by bean counters. Hence the poor quality of the components.

Zxrob

Quote from: J88TEO on September  2, 2022, 20:21Old German cars were built by engineers while the newer ones by bean counters. Hence the poor quality of the components.

Also, built with mostly German parts and not just assembled in the fatherland

Rob
Adventure before dementia 😁

Ardent

I Still think the mkiv golf was the best engineered and would not hesitate having another even now.

Looked at a mkv. The difference in build quality was astonishing and not in a good way.

tomato

Its a fair point about early 90s and before german cars, some of those are real gems, agree on the golf mark4 :)

The 2s will be a future classic, can see the prices of the mk1s today (gone up in last few year, above the general price increases), although don't think they will ever get crazy high like some of the ford's etc, but should be stable.

Anyway, you don't buy a 2 to store it, get out there and have some fun or you may be very dead by the time it could make you any real money 😉

Joesson

Quote from: Ardent on September  2, 2022, 22:25I Still think the mkiv golf was the best engineered and would not hesitate having another even now.

Looked at a mkv. The difference in build quality was astonishing and not in a good way.

I had a mkv Golf Diesel from new as a company car, turbo needed replacement inside  one year and I have mentioned previously my dislike of the handling of the car.
The next car I had briefly while waiting for a new Vauxhall,  was a Skoda Octavia that had many company miles under it's belt but I found that to be a more responsive car than the newer Golf. Am I correct in thinking the older Octavia may have been based on the Mkiv Golf?

Joesson

Quote from: tomato on September  3, 2022, 07:53Its a fair point about early 90s and before german cars, some of those are real gems, agree on the golf mark4 :)

The 2s will be a future classic, can see the prices of the mk1s today (gone up in last few year, above the general price increases), although don't think they will ever get crazy high like some of the ford's etc, but should be stable.

Anyway, you don't buy a 2 to store it, get out there and have some fun or you may be very dead by the time it could make you any real money 😉


I had my Father in Laws yellow mk1 Escort (1968-1975) after he passed away and I was between jobs. We sold it for a few hundred £ when I got a new job and car around 1988.  Sold it to a young guy who put a larger engine etc into it.
So, it was ( well) over 13 years old, can't recall the actual year and was worth very little, but today would be worth somewhat more, but remember cars of that era were prone to rust and so likely that many just rusted away.


fawtytoo

When I bought my MR2, I did a free RAC online HPI check which included a valuation (not including the hard top). The price quoted matched the price I paid from the dealer, again taking the HT into account. I was quite pleased with that. And given the work I've done, and had done by garages, that has probably improved the value.
"My name is not important" - Slartibartfast