Honda announces end of S2000 production
#21
just thinking about it logically...
the S2000 satisfies a very small niche market. most people can't deal with the road noise, the lack of storage, 5 cu. ft. of trunk space, so they buy an accord or a camry. Honda's S2000 sales has been declining since what, 2004? just because they end production in 2008/2009/2010/whatever, doesn't mean that all of these accord/camry drivers are suddenly going to be like "OH, i need to go buy one because they don't make them anymore." they won't buy one because it's not what they're looking for in a car, period. and if demand stays relatively flat, the price of the car isn't going to appreciate.
plus, it's "just a honda." i love honda and i'm pretty loyal to them. no matter what, the global perception of Honda is going to be "high revving ricer idiots gunning it next to me at the stop light" or "safe, reliable soft Accord/Civic to get my family from A--->B."
the S2000 satisfies a very small niche market. most people can't deal with the road noise, the lack of storage, 5 cu. ft. of trunk space, so they buy an accord or a camry. Honda's S2000 sales has been declining since what, 2004? just because they end production in 2008/2009/2010/whatever, doesn't mean that all of these accord/camry drivers are suddenly going to be like "OH, i need to go buy one because they don't make them anymore." they won't buy one because it's not what they're looking for in a car, period. and if demand stays relatively flat, the price of the car isn't going to appreciate.
plus, it's "just a honda." i love honda and i'm pretty loyal to them. no matter what, the global perception of Honda is going to be "high revving ricer idiots gunning it next to me at the stop light" or "safe, reliable soft Accord/Civic to get my family from A--->B."
#23
Originally Posted by boofer,Dec 17 2007, 09:33 AM
just thinking about it logically...
the S2000 satisfies a very small niche market. most people can't deal with the road noise, the lack of storage, 5 cu. ft. of trunk space, so they buy an accord or a camry. Honda's S2000 sales has been declining since what, 2004? just because they end production in 2008/2009/2010/whatever, doesn't mean that all of these accord/camry drivers are suddenly going to be like "OH, i need to go buy one because they don't make them anymore." they won't buy one because it's not what they're looking for in a car, period. and if demand stays relatively flat, the price of the car isn't going to appreciate.
the S2000 satisfies a very small niche market. most people can't deal with the road noise, the lack of storage, 5 cu. ft. of trunk space, so they buy an accord or a camry. Honda's S2000 sales has been declining since what, 2004? just because they end production in 2008/2009/2010/whatever, doesn't mean that all of these accord/camry drivers are suddenly going to be like "OH, i need to go buy one because they don't make them anymore." they won't buy one because it's not what they're looking for in a car, period. and if demand stays relatively flat, the price of the car isn't going to appreciate.
We'd have to assume that this car would become slightly harder to get and as time went by, even harder.
Just thinking optomistically.
#24
Depends, if Honda announces that the current S2000 will be discontinued, but makes a replacement that is better in every category and is wildly popular it will sink our values. If they discontinue our cars and announce no replacement for anytime soon, and don't make any true replacements for it, then it'll maintain our values.
#26
Short run, little or nothing happens. But in the long run I think they will hold value and maybe even increase from what you could sell for currently for cars in stock or near stock form. Yeah there will be cars on the market new that will out perform S2000, but there is a loyal following.
MR2's and Supra's go for ridiculous prices because there were few, they were fun cars, and it got harder to find clean examples of cars that had not been riced out or modified to the hilt.
I would say that these cars have been pretty good at holding value and their demise would only increase that effect. But if you are looking for them to be big money collector cars, be prepared to stash it away for 30 years and cross your fingers.
MR2's and Supra's go for ridiculous prices because there were few, they were fun cars, and it got harder to find clean examples of cars that had not been riced out or modified to the hilt.
I would say that these cars have been pretty good at holding value and their demise would only increase that effect. But if you are looking for them to be big money collector cars, be prepared to stash it away for 30 years and cross your fingers.
#27
I guess I should clarify - would short term values rise if the car ended production? I'm not talking down the road appreciation like a 30 year old car, just what would happen to current prices?
#29
Seeming how I see a new post just about every day on "S2000 Talk" about how someone totalled their s2k... and AP1s getting cheaper and now 16-18 year olds are switching from their 92 civic and buying them to "street-drift" ...it may become a rare car in not 2 long of a time...
#30
Originally Posted by Saki GT,Dec 17 2007, 11:55 AM
I guess I should clarify - would short term values rise if the car ended production? I'm not talking down the road appreciation like a 30 year old car, just what would happen to current prices?
The question might be "how many potential new car buyers would actually opt to buy a used S2000 instead of a new something else?"
The used car market buyers would not be affected and may even be persuaded to buy a little sooner in fears of possible impending price increases.
Predicting this stuff is like your stock brokers advice to buy or sell. You can be pretty sure he going to be right about 50% of the time.