Nissan 370Z Forum

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-   -   Not a Priority? (http://www.the370z.com/nissan-370z-general-discussions/121073-not-priority.html)

mattleegee 04-19-2017 01:00 PM

Quote:

Originally Posted by ssmoked (Post 3642816)
Before anyone say you can't get that type of deal...

https://www.cars.com/for-sale/search...28880&zc=32765

Must be a Florida thing?
Here in Washington State within 500 miles the lowest price is $27,995 for base 2017

mattleegee 04-19-2017 01:02 PM

Quote:

Originally Posted by MacCool (Post 3642708)
Not anymore. The residual value today on a 2017 Z is $15,600.

Sign me up, i have cash in hand @ $15,600

ssmoked 04-19-2017 01:14 PM

Quote:

Originally Posted by mattleegee (Post 3642829)
Must be a Florida thing?
Here in Washington State within 500 miles the lowest price is $27,995 for base 2017

If you pull up that ad to nearby dealers and ask them to match, I am sure they will

DavidZ370 04-19-2017 02:40 PM

Quote:

Originally Posted by ssmoked (Post 3642659)
What's your evidence it doesn't? Have you searched used GTR inventory/price recently? Unless it has very miles, even 09' are asking well over 50k

Thats atrocious....... idk why you think in anyway thats remotely good, theres a local 2014 going for 68k with 33k miles lol..... why? because nissan did what nissan does, milk the **** out of the GTR. Not saying its not a great car, just saying nissan as a whole has a way of destroying the market for them. The car holds less value than the most base subaru you can ever find lol.

wanker 04-19-2017 03:39 PM

FWIW, the potential death of the Z is isn't just a Nissan thing. The 2 seated sports car is dying. Even Porsche is struggling. It's a combination of the Great Recession, gas prices and Millennial indifference.

IMHO, the only reason Nissan doesn't just kill the Z, is in deference to the Z heritage. Nissan has always been about light trucks (in Asian) and Sentras. The last time the Z made any money for Nissan was in the 70s.

ssmoked 04-19-2017 03:49 PM

Quote:

Originally Posted by DavidZ370 (Post 3642854)
Thats atrocious....... idk why you think in anyway thats remotely good, theres a local 2014 going for 68k with 33k miles lol..... why? because nissan did what nissan does, milk the **** out of the GTR. Not saying its not a great car, just saying nissan as a whole has a way of destroying the market for them. The car holds less value than the most base subaru you can ever find lol.

What? You expect a mass produced car to gain in value after 33k miles?

Look at exotics and how fast they plummet in value. Especially if 33k on the clock

MacCool 04-20-2017 10:25 AM

1 Attachment(s)
Quote:

Originally Posted by SINISTER (Post 3642817)
Residual value should be the value expected to sell. No way residual value is 15,600 not even a 2016 is that low......find me a 2017 for that low a price anywhere.

I just did a nationwide search for 2016 model and 2017 model and the lowest price one in the nation is 20k and 2017 is 23k and they are base models... That's a long way off from 15600....

Here's lease pricing from Nissan Acceptance Corporation on a 2017 Sport Tech. I did mis-speak and I apologize. I misrepresentedt the residual value by $350. Note that Nissan's guess at residual value in three years is $15,945.

ssmoked 04-20-2017 01:00 PM

Quote:

Originally Posted by MacCool (Post 3643179)
Here's lease pricing from Nissan Acceptance Corporation on a 2017 Sport Tech. I did mis-speak and I apologize. I misrepresentedt the residual value by $350. Note that Nissan's guess at residual value in three years is $15,945.

What SINISTER meant is 15,945 residual for CURRENT 2017 used price, not in 3 years..

So the residual is is 46%. Since you can easily find 25% discount on any new 2017, the adjusted loss is only 29% for 3 years. Not too shabby

SINISTER 04-20-2017 01:55 PM

Exactly...plus who cares in 3 years most cars drop like rocks ...trying to buy a car based on what it will be worth in a couple years is futile. Expect it to drop like a rock if you drive tons of miles and you purchased the base model anything.

As an example I will say that most 2013 Nismos are selling around 28k with low miles...thats 4 years old and at MSRP of around 43k back in 2013 about a 34% drop in 4 years. No way near your 3 year 50% drop analysis. Plus consider like ssmoked mentioned that no one pays MSRP....plus honestly anyone buying new is making a mistake already...

Cyber370 04-20-2017 02:51 PM

Not a Priority?
 
Quote:

Originally Posted by Larso1 (Post 3642405)
Some people make a big deal out of the 370Z being around since 2009, but the Giugiaro-designed VW Golf/GTi has been around since 1974(!) and each of its 7 generations look very much the same. Haven't heard anyone complain about it. That fact was mentioned in Automobile magazine



Don't forget the Porsche 911. It's been the same basic shape and drivetrain design/layout since the 60's and no one has a problem with that! The 911 cannot do any wrong and car reviewers never bitch about that.


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twyrick 04-20-2017 02:59 PM

re: Death of the Z
 
Agree... although gas prices have settled back down again, and the "Great Recession" is pretty much behind us too -- other than some residual fallout of slow job growth since then.

Car dealers were doing a booming business for much of 2016, and only in the last few months has there been an indication that it's slowing a bit (which is only to be expected, once the pent-up surge of buyers, post recession, have made their purchases).

Right now, I think Millennial indifference is putting the most hurt on the sports car segment. Plus, buying habits and trends change with time. Right now, a lot of people who would have been drawn to a sports car in the past are looking at luxury sedans or SUVs or even Jeeps instead. I know several people in their early 30's who I would have pegged as a definite candidate for a nice sports car who bought a Lincoln MKZ instead. Where I work, in downtown Bethesda - it's one of the wealthiest suburbs in America. You see nothing but high end cars on the roads out here. And yet? The 2 seater sports car is fairly uncommon. More people are attracted to a high performance version of an SUV so they can have something fast that they can still take the dog to the vet in, or give several co-workers a ride to and from lunch during the day.


Quote:

Originally Posted by wanker (Post 3642867)
FWIW, the potential death of the Z is isn't just a Nissan thing. The 2 seated sports car is dying. Even Porsche is struggling. It's a combination of the Great Recession, gas prices and Millennial indifference.

IMHO, the only reason Nissan doesn't just kill the Z, is in deference to the Z heritage. Nissan has always been about light trucks (in Asian) and Sentras. The last time the Z made any money for Nissan was in the 70s.


JTM88 04-20-2017 03:02 PM

Yes, but the point s he has been updated since it came out. The 911 had a major update in 2011. The 370z hasn't had any major changes since 2009.

Your comparison is flawed. You talking about an entire series of cars, and comparing it to a single generation of a car.


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ssmoked 04-20-2017 03:39 PM

Quote:

Originally Posted by Cyber370 (Post 3643322)
Don't forget the Porsche 911. It's been the same basic shape and drivetrain design/layout since the 60's and no one has a problem with that! The 911 cannot do any wrong and car reviewers never bitch about that.


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Only fallacy with your Porsche 911 argument is that it out performs every car in its segment with its engine and handling

MacCool 04-20-2017 04:29 PM

Quote:

Originally Posted by SINISTER (Post 3643301)
Exactly...plus who cares in 3 years most cars drop like rocks ...trying to buy a car based on what it will be worth in a couple years

The point being that the residual value on my 2011 370Z was $23,000. The residual value on my 2014 is $22,500. The residual value on a 2017 is $15,945. It's a dying car line. They can't afford to upgrade it because it will be so expensive that no one will buy it. For now, they can afford to keep it in the catalogue, but sales are so increasingly pathetic that, in three years, Nissan is confident that the car will be worth less than 1/2 of its purchase price. To me, that signals that the end of the Z is near - likely within 3 years.

Cyber370 04-20-2017 06:09 PM

Quote:

Originally Posted by ssmoked (Post 3643344)
Only fallacy with your Porsche 911 argument is that it out performs every car in its segment with its engine and handling

Yes but does the base 911 out-accelerate or have more horsepower than every car in its segment? No it doesn't. This is my point. Neither does the 370z. However, a sports car needs to do everything well, not just accelerate 0-60 or 1/4 mile. It needs to feel and handle like a sports car. As long as it has that, it is still relevant.

In its price range, I challenge you to find a better sports car than the Z (no, hot hatches don't count). :tup:

Same goes for the GTR. It still kicks *** in its class.

SINISTER 04-20-2017 06:09 PM

Quote:

Originally Posted by MacCool (Post 3643367)
The point being that the residual value on my 2011 370Z was $23,000. The residual value on my 2014 is $22,500. The residual value on a 2017 is $15,945. It's a dying car line. They can't afford to upgrade it because it will be so expensive that no one will buy it. For now, they can afford to keep it in the catalogue, but sales are so increasingly pathetic that, in three years, Nissan is confident that the car will be worth less than 1/2 of its purchase price. To me, that signals that the end of the Z is near - likely within 3 years.



Not if they upgrade it and just make it more performance based....because as I mentioned the drop in value was only around 30% in 4 years for my Nismo....Also note that their calculated residual values are based on a car that probably drives the typical miles which is around 45k in 3 years....so they are showing the residual value on the two extremes: base model and high miles...its not reflective of a higher performance based model. Which they essentially almost do not have.....I get what your saying and if they do drop it I would be happy. I have mine and that is all that matters....it will also become more rare than it already is...:tup:

MacCool 04-20-2017 10:07 PM

Quote:

Originally Posted by SINISTER (Post 3643407)
Not if they upgrade it and just make it more performance based....because as I mentioned the drop in value was only around 30% in 4 years for my Nismo....Also note that their calculated residual values are based on a car that probably drives the typical miles which is around 45k in 3 years....so they are showing the residual value on the two extremes: base model and high miles...its not reflective of a higher performance based model. Which they essentially almost do not have.....I get what your saying and if they do drop it I would be happy. I have mine and that is all that matters....it will also become more rare than it already is...:tup:

Wishful thinking. The Z will be dead in three years.

zguynate 04-22-2017 01:21 AM

I posted this in the Z35 thread but it applies here too.

I feel like some of you guys are reading too much into what that guy said. The article quotes him saying that the 370z is not a priority. Why would the 370z specifically be a priority now after years of stagnation? I think he is referring to the 370Z specifically, especially since there is no other context given to us and he actually says "370z". Maybe that was a response to a question regarding the heritage edition. Then he said he hopes that they will have a successor, which falls in line with what Nissan itself has been doing with Z speculation. Not confirming, nor denying. I really think his comments are being taken out of context and people are running with it. Thats the kind of thing these articles do to generate buzz. Especially since every outlet that I can find only quotes the same 2 exact things as everyone else and nothing else that he said in between or before those quotes. It leads me to believe that they are just piggybacking off of what one journalist wrote and building on that.


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