Supercar prices – what’s going up and what’s going down?

You can jump the queue for the latest must-have supercar if your pockets are deep enough and you know a shrewd broker. We get the inside line from a man in the know.

Autocar

28 May 2018

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Want to know what’s happening in the supercar market right now?

We’ve caught up with the Swiss-based car broker Simon Fragopoulos to find out what’s hot, and what’s not. Let’s start with the cars heading up:
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Porsche 911 991.2 Speedster

Top 5 UP

The upcoming Speedster will be the swansong of the highly successful 991 series of the 911, ahead of the unveiling of the new 992 model later in 2018. The car celebrates the 911’s 70th anniversary, and spyshots suggest a lowered windscreen, long rear deck, and bespoke fabric roof . More details including precise powerplant are the subject of rumours but nothing can be confirmed.

A limited but presently unknown production run (just 356 997 generation Speedsters were made) should more or less guarantee a premium in Euros in six digits. However, if a greater number are made that would put a dampener on prices – and the relatively large numbers produced of some recent 911 limited editions may have helped the profits of Porsche but not necessarily of those who collect and deal them. We estimate list price of this car in the region of 230,000 Euros, including taxes.
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McLaren Senna

Although some people apparently asked McLaren to cancel their order after the first preview, demand is now going up after people understood the car better and its unique specs, helping to boost its value.

Now, as first units are expected to be delivered to new clients from July, real buyers are willing to pay a premium of 200-300k Euros on top of list.
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Ferrari 488 Pista

As most people have not even received their binding contracts yet, a firm outlook is difficult, but we expect that peak premiums will reach 150-200k Euros on top of the list price. Pictured: Ferrari 488 Pista prototype
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Ferrari 488 Speciale Aperta

This limited edition 488 Pista convertible will be launched either at the Paris motor show in October 2018 or at Geneva in March 2019. We expect premiums of 200,000 Euros and more on top of list. Pictured: Ferrari 488 Pista prototype
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Ferrari Enzo

At the same time the LaFerrari starts to decrease in value just because it's not really "new" anymore, demand for the Ferrari Enzo (400 produced between 2002 and 2004) with low mileage and in top condition has increased from a range of 1.4-1.7 million Euros (including VAT) for a good European example in early-mid 2017 to 1.7-2.1 million Euros in 2018.

Now let's look at where prices are softening:
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Porsche 991.2 GT2RS

Top 5 DOWN

After launching at the 2017 Goodwood Festival of Speed, premiums of 150k Euros on top of list have been paid. Meanwhile you will have to invest 70-80k Euros on top of list for an open configuration build slot and physical cars struggle to sell for more than the same premium.

We expect Porsche will soon announce that Porsche will build a large quantity (we expect between 3000 and 6500 units worldwide ) which will lead to another price drop with the worst case scenario that you will find delivery mileage cars available for list within the next few months, while in the best case the premium situation will stay like it is but not increase.
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Ferrari LaFerrari

Demand has slowed down a bit while prices have not been adjusted. We expect another price drop to around 2-2.2 million Euros net of tax for low mileage examples while asking prices have decreased from a peak of 2.8 million Euros net to around 2.4 million Euros net between 2016 and 2018.

This represents a mild mid-life crisis for the LaFerrari as its F80 successor is set to be launched in 2023. It's still a very good investment car if you consider its list price of around 1 million Euros net of tax.
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Bugatti Chiron

Although one example sold at an auction in Paris for 3.3 million Euros in 2018 including all fees, the premium buyers are willing to pay for the Chiron has dropped significantly. While early deliveries of the Chiron have been sold between 3.1 and 3.5 million Euros net in 2017 the available off-market examples now struggle to reach 3 million Euros.

Considering the list price of 2.5 million Euros, the premium has dropped from up to 1 million Euros to below 500,000 Euros. The main reason is that buyers now prefer to target upcoming hypercars like the Mercedes-AMG Project One (first shown at the Frankfurt motor show in 2017) or the BP23 McLaren (due to be revealed towards the end of 2018). Demand for both new cars is very strong.
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Mercedes-Benz Maybach G650 Landaulet

This is a similar situation to the GT2RS. Peak prices have been paid for early deliveries which have been shipped in December 2017 and early 2018. Wealthy collectors mainly but not only from the Middle East paid up to 400,000 Euros premium on top of list.

Meanwhile most of the 99 units are either already delivered or coming within the next weeks. Demand has dropped and so have premiums. Now we are talking about 150-200k Euros premium on top of list.
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Ferrari 599 GTO

The first drop came with the launch of the Ferrari F12 TdF, a car that is perceived as much more sophisticated, faster and more fun, all at the same time. The price range for low mileage units dropped from 500,000 Euros to 400,000 Euros since mid 2017.

We feel this will continue in 2018 and 2019 as the limited edition of the new 812 Superfast is expected in 2019/2020 and while the regular F12 and the 812 Superfast are delivering more power and fun for a lower price the 599 GTO will at some point reach the bottom of its value in 2020.

In the mid- and long term outlook the 599 GTO will increase after that bottom point as it's still a limited edition V12 Ferrari that should be a part of every great Ferrari collection.
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About Simon Fragopoulos

Simon operates Fragopoulos, a Swiss based supercar & classic car dealership.

The company is focused on supercar consulting, which includes hunting and finding off-market supercars and classics worldwide, helping collectors to be considered for buying limited edition cars of the big supercar brands and providing solutions for shipping, storage, parts etc for supercars, classic, race and rally cars.

It provides a wide range of solutions & services for collectors and petrolheads around the globe.

View its current stock here

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