Notices
Evo General Discuss any generalized technical Evo related topics that may not fit into the other forums. Please do not post tech and rumor threads here.
Sponsored by: RavSpec - JDM Wheels Central

resale value of our cars?

Thread Tools
 
Search this Thread
 
Old Jul 9, 2012 | 07:04 AM
  #16  
gsrboi80's Avatar
Evolved Member
Photogenic
Photoriffic
Shutterbug
Liked
iTrader: (38)
 
Joined: Aug 2005
Posts: 7,909
Likes: 47
From: On a cliff
In all honestly If I was to sell it right now I may get 8k if I'm lucky. Funny thing is though, I wouldn't sell it for 4X that
Old Jul 9, 2012 | 07:06 AM
  #17  
FJF's Avatar
FJF
Evolved Member
iTrader: (18)
 
Joined: Jun 2006
Posts: 5,896
Likes: 7
From: NYS
Originally Posted by highlyevolved
Not sure why people are having trouble with the concept of comparing depreciation across cars from the same manufacturer. If I was going to estimate the depreciation of the new A-class AMG from Mercedes I would look at the depreciation of other AMG cars as a guideline.

Makes sense to me. I guess the truth hurts?
That must mean that Mitsubishi ever imported a car into the USDM with the same street cred and provenance as the Evolution. Oh, wait, they hadn't? Or, do you mean that we should gauge our cars by Lancer depreciation, as it's certainly been borne-out as a measure of extreme market savvy. I guess now I'm the one who's confused.

Edit: [OT] I spoke with a colleague the other day who just returned from a vacation with his family. Their suite was equipped with an entertainment center and a selection of games, one of which was a driving simulation. My first question, "Which car did you pick?" "An Evo X," he said with a big grin, "You have to work up to a IX." He's not a car guy, not even close. [/OT]

Last edited by FJF; Jul 9, 2012 at 07:14 AM.
Old Jul 9, 2012 | 07:23 AM
  #18  
gsrboi80's Avatar
Evolved Member
Photogenic
Photoriffic
Shutterbug
Liked
iTrader: (38)
 
Joined: Aug 2005
Posts: 7,909
Likes: 47
From: On a cliff
Originally Posted by FJF
Or, do you mean that we should gauge our cars by Lancer depreciation, as it's certainly been borne-out as a measure of extreme market savvy. I guess now I'm the one who's confused.
I certainly hope this was not the thought process behind his posting if so I think I may be a little stupider

A new Eclipse GT can come close to the 30k mark so a lil under a base GSR

Go compare the resale of both after a year

Last edited by gsrboi80; Jul 9, 2012 at 07:28 AM.
Old Jul 9, 2012 | 07:26 AM
  #19  
highlyevolved's Avatar
Evolved Member
 
Joined: Jan 2011
Posts: 511
Likes: 0
From: phoenix
Mitsubishi has a long history of bringing AWD, turbocharged, performance cars into the country which have plenty of "street cred".

Besides Evos have twenty year history in the world market. You can get a 1992 Lancer Evo for pretty cheap.

This thread really reads like wishful thinking. You guys should check out other car forums, everybody thinks the same thing. Their car is going to be the one that's classic. Everyone from S2000 owners, to MR2 Spyder owners, even Fiat owners

No one really knows, but I think looking at Mitsubishi's previous AWD turbocharged cars can give you a reasonable estimate. Evo 8 values are showing that this car isn't the next NSX/Supra in terms of resale value.
Old Jul 9, 2012 | 07:29 AM
  #20  
tiggeryellow1's Avatar
Evolved Member
Veteran: Army
iTrader: (22)
 
Joined: Jul 2007
Posts: 559
Likes: 1
From: Tampa/Riverview
Hmmmm... All very good points but in the end of the day I think we will all have to wait and see. I mean it's really economics 101 (supply and demand). I love my 01-SS, and like my Evo VIII I have no intention of EVER getting rid of that car. Being 11 years old now, I have noticed that certain oem parts have become a little more difficult to come across but I would have to say the car has held it's value pretty well. I think that’s partly due to the fact that there have been so many problems with the 5th Generation Camaro’s though. And where the 4th gen's used to give Vette owners headaches and heartburn back in the day the 5th gen's really don't compare as well JMHO. Another factor to consider is what Chevy did in trying to keep up with, “the competition” of Ford (Mustang) Dodge (SRT's). Who is Mitsu's biggest rival? Subaru... Nissan... I mean anymore everyone seems to have a, “new hotness” from the factory turbo car now, and each one seems to be a little more efficient than the previous one to the point that I heard (I can't actually confirm or deny) that the next Evo is supposed to be a hybrid or some sort of electric nonsense. SERIOUSLY?!?!? Ahhhh as I said I think we will just have to wait and see.
Old Jul 9, 2012 | 07:33 AM
  #21  
FJF's Avatar
FJF
Evolved Member
iTrader: (18)
 
Joined: Jun 2006
Posts: 5,896
Likes: 7
From: NYS
Originally Posted by highlyevolved
Mitsubishi has a long history of bringing AWD, turbocharged, performance cars into the country which have plenty of "street cred".
Like the Evolution? Please name one.

Originally Posted by tiggeryellow1
Ahhhh as I said I think we will just have to wait and see.
Hard to disagree. As Harry Truman once said, "Give me a one-handed economist!" Even if we can identify the correct and relevant market constrains - and this thread is the antitheses of such a venture - and extrapolate them into the future (this is doable), but we're still left with 2 possibilities. Flip the coin, but realize that the chances of heads or tails aren't always 50:50. That's what it ultimately comes down to.

Last edited by FJF; Jul 9, 2012 at 07:40 AM.
Old Jul 9, 2012 | 07:33 AM
  #22  
ToddRhodes's Avatar
Evolving Member
iTrader: (6)
 
Joined: Aug 2009
Posts: 347
Likes: 3
From: South Bend, IN
I'd love to see a comparison between production numbers of 1G and 2G DSMs and EVOs VIII and IX. My guess is it tilts heavily in favor of the DSMs so there you have a rarity factor that makes any comparison between the two platforms basically moot. Now factor in the utility of the EVO vs a DSM (can anyone say "backseat?") and you have a more useful machine, performance be damned. *Then* you can start talking about the potential of each platform. People road race DSMs to be different/unique. They road race EVOs to compete with cars many times over what an EVO costs whereas to make a DSM do that, well let's just say it's not so easy.

Lastly, and this is just my experience having been in both camps for awhile - the communities of owners are completely different. With DSMs they have a reputation of being bandaged together. Sure there are exceptions with nice, solid setups, but they are vastly in the minority. Most DSMs nowadays have a hard time staying running, much less being competitive for long periods of time. That will - and very much does - affect resalve value. I just parted out a 10s capable 2G dsm. Had I sold it as a running car I'd have been lucky to get 5k out of it. Parting it out I brought in 10k. It was put together very well with the best parts and good hands working on it. It was five years older than the oldest EVO VIII yet it was worth less than a third of what the EVO would likely bring in. There is a reason so many shops have stopped offering to tune DSMs, they vary so wildly from one owner to the next it's impossible to know how they will hold up on a dyno.

With all of that said, I don't care what my car is worth to someone else. I know what it's worth to me. Lastly, I'll be at the DSM Shootout rooting for both DSMs and EVOs... just how I roll
Old Jul 9, 2012 | 07:36 AM
  #23  
highlyevolved's Avatar
Evolved Member
 
Joined: Jan 2011
Posts: 511
Likes: 0
From: phoenix
Originally Posted by FJF
Like the Evolution? Please name one.
Galant VR4 (predecessor to the Evo), 3000GT VR4, Eclipse GSX. Don't you know the cars Mitsubishi makes?

If anything I think in 20 years a mint condition Starion will be worth more then any Evo. Just my humble prediction, but then again what do I know?
Old Jul 9, 2012 | 07:40 AM
  #24  
SmurfZilla's Avatar
Evolved Member
iTrader: (33)
 
Joined: Jul 2002
Posts: 5,313
Likes: 1
From: Raleigh, Transplanted from Toronto, Canada
There is a certain amount of newer Evo owners that are trying to go fast on the cheap but you can say that about almost any platform. Eventually darwin will take care of those owners and cars and all you will be left with are decent Evo's.

Time will tell what the price will become. I know that RX-7's (When I was looking at one) were once upon a time below 11k. Then for some reason (probably had bad the the RX-8 was) it started going back up in value.
Old Jul 9, 2012 | 07:44 AM
  #25  
SmurfZilla's Avatar
Evolved Member
iTrader: (33)
 
Joined: Jul 2002
Posts: 5,313
Likes: 1
From: Raleigh, Transplanted from Toronto, Canada
Originally Posted by highlyevolved
Galant VR4 (predecessor to the Evo), 3000GT VR4, Eclipse GSX. Don't you know the cars Mitsubishi makes?

If anything I think in 20 years a mint condition Starion will be worth more then any Evo. Just my humble prediction, but then again what do I know?
Galant VR4 (more family saloon then anything else)

3000GT VR4 (too big to be competitive)

GSX (DSM, do I need to say more).

The Evo is a rare combination of the best parts of those cars. I think thats why you can't really compare the Evo to anything else on the market.

I would almost hazard a guess to say that you can probably look at the STi and get a better idea of what resale would be, but, there are way more STi's sold then Evo's and there were only 2 years of Evo 8's and 1 year of Evo's IX's sold in the US. Comparatively limited to any other car in its class.

I was going to say something sarcastic about htis topic since it comes up every couple of months but I have to say this conversation is helping me appreciate my Evo right now. LOL.
Old Jul 9, 2012 | 07:50 AM
  #26  
highlyevolved's Avatar
Evolved Member
 
Joined: Jan 2011
Posts: 511
Likes: 0
From: phoenix
Subarus are probably another good indicator, they came first with the WRX which are now dirt cheap as well. Subarus generally have better resale value then Mitsubishis though.

You can make the same argument against the Evo as well, it didn't come with AYC, didn't have all the goodies as the JDM version, etc.

The fact is no one really knows. We all hope our car is going to be the next sought after classic but you have to realize every single performance car owner is hoping the same thing for their car. Everybody can't be right.

And you can still find RX7s in reasonably good shape (whatever that means for a 10 year old rotary ) for under 10 grand.
Old Jul 9, 2012 | 07:50 AM
  #27  
FJF's Avatar
FJF
Evolved Member
iTrader: (18)
 
Joined: Jun 2006
Posts: 5,896
Likes: 7
From: NYS
Originally Posted by highlyevolved
Galant VR4 (predecessor to the Evo), 3000GT VR4, Eclipse GSX. Don't you know the cars Mitsubishi makes?
This brings us back around to the dog/cow/4-legs thing.

If anything I think in 20 years a mint condition Starion will be worth more then any Evo. Just my humble prediction, but then again what do I know?
That must be, because the demand and the admiration for the Starion is regularly signaled in films, video games, print media, television programs, an onslaught of 'net-based activity, and is discussed as a current point of comparison years after the last car was produced. ...okey-dokey.

Last edited by FJF; Jul 9, 2012 at 07:54 AM. Reason: typo
Old Jul 9, 2012 | 07:53 AM
  #28  
FJF's Avatar
FJF
Evolved Member
iTrader: (18)
 
Joined: Jun 2006
Posts: 5,896
Likes: 7
From: NYS
Originally Posted by highlyevolved
Subarus are probably another good indicator, they came first with the WRX which are now dirt cheap as well. Subarus generally have better resale value then Mitsubishis though.
Subaru sold almost as many WRXs in its first year in the USDM than all the CT9A Evolutions combined. Then, there's the rest.
Old Jul 9, 2012 | 07:56 AM
  #29  
cool_as_crap's Avatar
Evolving Member
iTrader: (2)
 
Joined: Jun 2011
Posts: 118
Likes: 2
From: The Wasteland
Regardless of what other similar cars are worth, considering how reliable the EVO seems to be in relation to how much power it makes from factory, I think it will keep a high value for a while.
Old Jul 9, 2012 | 08:21 AM
  #30  
highlyevolved's Avatar
Evolved Member
 
Joined: Jan 2011
Posts: 511
Likes: 0
From: phoenix
Originally Posted by FJF
This brings us back around to the dog/cow/4-legs thing.
So I guess the only thing that would satisfy you is comparing Evos to Evos? Well fine, just look at the worldwide Evo market then.

That must be, because the demand and the admiration for the Starion is regularly signaled in films, video games, print media, television programs, an onslaught of 'net-based activity, and is discussed as a current point of comparison years after the last car was produced. ...okey-dokey.
What makes a car collectible doesn't always follow rational rules. Also the same could be said about the NA Miata, it's still a benchmark, yet would you call it collectible based on used car prices?

Like I said, no one knows and time will tell. You can come up with reasons why any performance car should rightfully be collectible, and people do on every performance car forum on the internet. Pontiac GTOs, Fiat Abarths, BMW M3, S2000, MR2 Spyder, Lotus, Camaro SS, BRZ/FRS, AMG cars.

They can't all be right.



All times are GMT -7. The time now is 12:46 PM.