Nissan 370Z Forum

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-   -   Next Z to be unveiled in 2013 Tokyo auto show. (http://www.the370z.com/nissan-370z-general-discussions/76552-next-z-unveiled-2013-tokyo-auto-show.html)

2xtreme1 11-09-2013 08:31 PM

Well..Its November..
when is the event taking place?

Joepro 11-10-2013 10:37 AM

TOKYO MOTOR SHOW WEB SITE

alphajam 11-11-2013 11:54 AM

Quote:

Originally Posted by Chuck33079 (Post 2485873)
It could cost $1000, weigh 1000 lbs, make 1000hp and have an attachment to fondle your balls while you drive and someone here would still bitch about it.

HAHAHAHA:bowrofl:

Redglare 11-11-2013 02:29 PM

I wonder what will the new car do the Z34 used car pricing?

If we follow history, when the 09 z34's hit the dealer lot the prices on used 07-08 HR's took a pretty stout hit (going from 23-24k used down to low 20's within a matter of a few month and sub 20's within a year) down to low teens today.

Now that happened because the z34 was an upgrade in everything, interior trim, weight, power etc.

If the z35 delivers the same progression of upgrades (better interior, performance, etc) It would be safe to speculate that the z34 used market would see a 10-15% price drop shortly after release.

A similar phenomenon happened with the release of the C7 and is currently going on, the leftover 13's c6 vettes are sold for massive discounts (talking 15-20k off msrp), which in turn hit the used c6 market, I was tracking ebay C6 prices (similar milage years etc) since the debut of the c7 and noticed a steady decline of total sale price (in the range of 10-20% and dropping)

andre12031948 11-11-2013 03:10 PM

You may be not aware
 
Quote:

Originally Posted by Redglare (Post 2564450)
I wonder what will the new car do the Z34 used car pricing?

If we follow history, when the 09 z34's hit the dealer lot the prices on used 07-08 HR's took a pretty stout hit (going from 23-24k used down to low 20's within a matter of a few month and sub 20's within a year) down to low teens today.

Now that happened because the z34 was an upgrade in everything, interior trim, weight, power etc.

If the z35 delivers the same progression of upgrades (better interior, performance, etc) It would be safe to speculate that the z34 used market would see a 10-15% price drop shortly after release.

A similar phenomenon happened with the release of the C7 and is currently going on, the leftover 13's c6 vettes are sold for massive discounts (talking 15-20k off msrp), which in turn hit the used c6 market, I was tracking ebay C6 prices (similar milage years etc) since the debut of the c7 and noticed a steady decline of total sale price (in the range of 10-20% and dropping)

In 08 Nissan gave a $5,000 rebate plus some dealers also added a $3,000 discount for a total of $8,000. They thought the 09 z's would just kill the 350 sales. Well the 09 370's did sell well, but the 07/08 hr's kept their price high. Even today, the 08's that are in normal good condition sell between $15/$16k to over $20k. So things might not be so bad for the 370's. Much depends on what Nissan gives us. I'm taking a chance. Just bought a 2012 with 1,100 mileage. Picking it up tomorrow.

Cmike2780 11-11-2013 03:39 PM

Quote:

Originally Posted by Redglare (Post 2564450)
I wonder what will the new car do the Z34 used car pricing?

If we follow history, when the 09 z34's hit the dealer lot the prices on used 07-08 HR's took a pretty stout hit (going from 23-24k used down to low 20's within a matter of a few month and sub 20's within a year) down to low teens today.

Now that happened because the z34 was an upgrade in everything, interior trim, weight, power etc.

If the z35 delivers the same progression of upgrades (better interior, performance, etc) It would be safe to speculate that the z34 used market would see a 10-15% price drop shortly after release.

A similar phenomenon happened with the release of the C7 and is currently going on, the leftover 13's c6 vettes are sold for massive discounts (talking 15-20k off msrp), which in turn hit the used c6 market, I was tracking ebay C6 prices (similar milage years etc) since the debut of the c7 and noticed a steady decline of total sale price (in the range of 10-20% and dropping)

That's usually what happens when ANY new model comes along. The first year cars tend to hold higher re-sale values than the last year of the same model. With the 370 though, it has maintained it's value pretty well all things considering. It's a niche car to begin with. Would you expect to pay the same amount for a C7 as a C6 for example? The C6's were getting huge cuts before the C7 were announced. It's 9 years old for Christ sake and plenty of used car inventory to go around. The same can't really be said about the 370z. Relatively speaking, it wasn't anywhere near as successful as the C6 or 350z for that matter. Very few cars actually sold or were made in comparison.

Redglare 11-11-2013 05:08 PM

Quote:

Originally Posted by Cmike2780 (Post 2564536)
That's usually what happens when ANY new model comes along. The first year cars tend to hold higher re-sale values than the last year of the same model. With the 370 though, it has maintained it's value pretty well all things considering. It's a niche car to begin with. Would you expect to pay the same amount for a C7 as a C6 for example? The C6's were getting huge cuts before the C7 were announced. It's 9 years old for Christ sake and plenty of used car inventory to go around. The same can't really be said about the 370z. Relatively speaking, it wasn't anywhere near as successful as the C6 or 350z for that matter. Very few cars actually sold or were made in comparison.

Good point, the c6 / c7 did have a longer run cycle/ flooded market.

But you can already see 09-10 base sports dropping into low 20's/sub 20 range, not high mileage examples either.
I know they will level out eventually and hold, but the question is at what point will the prices level out. It's not helping that the used/new markets getting flooded with other sporty coupe competitors.
It's not complete chaos though, at least the Z will never suffer the fate of a used mustang... The 11' mustang GT's retailed for 30k, now they are down to sub 20 range.
To sum it all up it's basically not possible to win at this game unless you are buying an F40/F50, or had a mint s2000/nsx example (in that case the value actually appreciated), it's just finding that perfect line if you aren't planning to keep the car forever, there is a good time to unload and a bad time.

Cmike2780 11-12-2013 07:58 AM

Quote:

Originally Posted by Redglare (Post 2564646)
Good point, the c6 / c7 did have a longer run cycle/ flooded market.

But you can already see 09-10 base sports dropping into low 20's/sub 20 range, not high mileage examples either.
I know they will level out eventually and hold, but the question is at what point will the prices level out. It's not helping that the used/new markets getting flooded with other sporty coupe competitors.
It's not complete chaos though, at least the Z will never suffer the fate of a used mustang... The 11' mustang GT's retailed for 30k, now they are down to sub 20 range.
To sum it all up it's basically not possible to win at this game unless you are buying an F40/F50, or had a mint s2000/nsx example (in that case the value actually appreciated), it's just finding that perfect line if you aren't planning to keep the car forever, there is a good time to unload and a bad time.

I think the S2k, late model Supra's and even the late model 300ZX are great examples. Though they held their value mostly because they ceased production, I think the 370Z will share the same fate. Sooner or later, it will be harder and harder to find one in great condition that hasn't been abused. The price of an 09 may dip below $20k, but if you think about it, that's about a reasonable 40% depreciation for a car that's close to 5 years old. Compared to something like the 7 series, S-Class or A8, it's actually really, really good. Those cars depreciate like crazy....we're talking about a 60-70% depreciation in the same time span. You can probably find a 2009 7 series that once cost over $100k for around $30k.

fuct 11-12-2013 11:40 AM

Quote:

Originally Posted by Cmike2780 (Post 2565393)
I think the S2k, late model Supra's and even the late model 300ZX are great examples. Though they held their value mostly because they ceased production, I think the 370Z will share the same fate. Sooner or later, it will be harder and harder to find one in great condition that hasn't been abused. The price of an 09 may dip below $20k, but if you think about it, that's about a reasonable 40% depreciation for a car that's close to 5 years old. Compared to something like the 7 series, S-Class or A8, it's actually really, really good. Those cars depreciate like crazy....we're talking about a 60-70% depreciation in the same time span. You can probably find a 2009 7 series that once cost over $100k for around $30k.

Pretty close
Cars for Sale: 2009 BMW 750Li w/ Sport Package in Cypress, TX 77433: Sedan Details - 357829365 - AutoTrader.com

XPNSD IT 11-12-2013 04:05 PM

Heard it's going to be Electric and FWD....only kidding on the FWD...can't wait to see what else I can't afford.

Redglare 11-16-2013 12:12 PM

One week left

Pitch 11-16-2013 01:26 PM

The last week and a half or so since I read this has gone soooo slow lol

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2xtreme1 11-19-2013 02:42 PM

Well, Its opening day for the press today in Tokyo for the Auto show..
so......expect pics and or specs anywhere between couple hours to a couple days? :D

MC 11-19-2013 03:40 PM

yup

Pitch 11-19-2013 03:47 PM

Be sure to post when you see the info up somewhere!

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