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View Poll Results: What will happen to $ Value of EVO 8-9 after EVO X comes out?
price will increase sort of because of poor EVO X performance
104
28.03%
nothing will change used car prices never increase they all drop, so what if its an EVO
179
48.25%
this thread is Bull S***
88
23.72%
Voters: 371. You may not vote on this poll

$ Value of 8-9 after X release

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Old Dec 31, 2007 | 10:10 AM
  #61  
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From: Phx,AZ
Stay the same, just as long as your not modded and the miles are low
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Old Dec 31, 2007 | 10:32 AM
  #62  
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From: Igloo
Originally Posted by 4cdndctn
You bring up a valid point. The Evo is very similar to the US version Killer Bees (we're talking Lancia here, not Wu Tang ) or Audi UrQuattros.

Fact is 8s and 9s are an endangered species (rate of extinction>rate of production).

I don't think the Evo value will increase to greater than new market value, but I do expect, and hope, depreciation will reduce. Global economics may help this as well.
The X appears to have been designed to appeal to a broader market segment and might not have been engineered well enough to modify to the extent of previous Evos.

If Mitsubishi does not support the aftermarket community in this respect, then the value of 8 & 9's will eventually appreciate once this become apparent to the tuning community. This is of course relative to the original cost of our cars (bargain performance) and the number of kids totaling/trashing them. It already has one of the slowest rates of depreciation.

Even if the X is a wild success, we will see a slowing of depreciation of the 8/9 due to the simple fact that they are becoming more affordable to younger drivers. Younger drivers total cars more frequently. As stated earlier... Less supply= increased demand.

Don't expect your Evo to be worth 30K in 10 years, but do expect it to level off. Perhaps 10-15K for well cared for cars.
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Old Dec 31, 2007 | 11:41 AM
  #63  
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the 8+9's will sky rocket +$10,000000000 because the x...doesnt even look like an evo.
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Old Dec 31, 2007 | 11:43 AM
  #64  
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Old Dec 31, 2007 | 11:49 AM
  #65  
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From: Schererville, IN
The price of EVO 8-9 will stay the same for about 5-9 months then it will start to drop off slowly.
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Old Dec 31, 2007 | 11:57 AM
  #66  
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Originally Posted by choko
the 8+9's will sky rocket +$10,000000000 because the x...doesnt even look like an evo.
Wow. How old are you? What is your idea of how an Evo looks like? Just the CT9A Evos? Do you realize how different the CT9A Evos look like from CP9A Evos?
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Old Dec 31, 2007 | 02:26 PM
  #67  
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No matter what the car will slowly decrease in value over the years to come...in reality its a sport-compact 4-door car that offers nothing special to the general public. Once it becomes a "hard-to-find/buy" for enthusiasts later down the road, the price will level off and possibly start to climb back up. But I dont plan on selling or trading mine in for anything anyways so I dont know why I even bothered with this thread
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Old Jan 1, 2008 | 04:14 AM
  #68  
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Originally Posted by ries
No matter what the car will slowly decrease in value over the years to come...in reality its a sport-compact 4-door car that offers nothing special to the general public. Once it becomes a "hard-to-find/buy" for enthusiasts later down the road, the price will level off and possibly start to climb back up. But I dont plan on selling or trading mine in for anything anyways so I dont know why I even bothered with this thread
im not thinking of selling either, its just knowing the value down the road that I want, also my car an 05 GG MR only 250 produced plus who knows how many crashed, think about it not too many left for my year and color, i really think the value should slowly rise
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Old Jan 1, 2008 | 08:25 AM
  #69  
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everyone should keep their evos. With all the crashes killing off so many I bet they'll be hard to get a hold of a few years from now. Maybe.
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Old Jan 1, 2008 | 08:34 AM
  #70  
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Wow.. That's a food for tought.. Will just have to wait and see.
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Old Jan 1, 2008 | 02:50 PM
  #71  
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Being that I am in the market for a used 8 or 9, I hope they drop .
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Old Jan 4, 2008 | 03:38 AM
  #72  
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i always thought that when you dont have a lot of something this something should increase in price no?
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Old Jan 4, 2008 | 03:57 AM
  #73  
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What about the values of clean low mileage Grand Nationals, GM Ty/Sys, TT Supras, RX7s, etc? I imagine the EVOs will be grouped in the same category. In 10-15 years, clean stock cars could fetch quite a bit of cash.
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Old Jan 4, 2008 | 04:11 AM
  #74  
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Originally Posted by DRAGHICI
i always thought that when you dont have a lot of something this something should increase in price no?
It depends if that "something" is something desirable. The only way you can probably increase the value of your car is to stop driving it from now on, safely store it away and sell it a few years from now to some collector. For vehicles like the Evolution, there will always be a collector somewhere out there.

However, the more miles you put on your Evo, the lower in monetary value it gets. Everyone who researches about Evolutions before buying one knows well not to buy one with a considerable amount of mileage.

Given that, we have a low demand and high supply for "Evos with high mileage" causing its value to lower. Just look at countries where more previous generations of Evolutions were available.
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Old Jan 4, 2008 | 05:03 AM
  #75  
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Mitsu sales hit the skids this December. Down 40%. Total 2007 sales were 128,993, up slightly from a dismal 2006 but still very poor:

http://www.chron.com/disp/story.mpl/ap/fn/5425528.html

Subaru didn't do any better:

http://www.bizjournals.com/philadelp...1/daily24.html
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