Used Rolls-Royce, Aston Martin, Lamborghini Plunge to Spectacular Levels--in the US at Least

rolls royce phantom

If you're thinking of buying a used Aston Martin, Lamborghini, or a Rolls-Royce in the U.S., then now is the right time to buy one because their prices have plunged way down from their original prices.

"Values peaked in 2017 and are now falling--for both old cars and newer stuff," said Max Warburton, auto analyst at Sanford Bernstein.

MSN.com reported that as of June 6, Aston Martin's used vehicle prices have gone down to 54 percent; used Lamborghinis have gone down to 56 percent, while second-hand Rolls-Royces have declined to 48 percent.

@media.astonmartin.com

Classic cars value book Hagerty Price Guide have given some examples of classic cars that have gone down, and includes: 2004-16 Aston Martin DB9, 2003-11 Bentley Continental GT, and 2003-17 Rolls-Royce Phantom.

Still, not all used classic cars were affected. MSN.com reported that the Rolls Royce Black Badge Wraith, considered the "most thrilling incarnation of Rolls-Royce," still holds its value at USD332,000.

More choices, more competition

One significant reason why their prices have sharply declined can be due to the increasing number of ultra-luxury car manufacturers in the market today. Unlike before when there were predominantly a few of them competing, today, newer car makers have begun sprouting, lessening their "high-class" status as they become more accessible to the masses.

"You've got more inventory, and you've got more choices. You've got to wonder if you've got changes in perceived value," Josh Fruhlinger, editor-in-chief of Thinknum said to MSN.Com.

What's more, these luxury car makers are "introducing new models that get incrementally better all the time and with more features" according to Dave Kinney, publisher of Hagerty Price Guide.

Executive Publisher of Kelley Blue Book Karl Brauer also also added that the newer luxury vehicles are more appealing to used models because of their  "whizbang" (first-rate) factor.  And they are doing it at a faster rate.

"There has been a rinse-and-repeat attitude from a lot of the specialty car makers," he said. "They have absolutely been playing that angle more aggressively than I have ever seen them do. That obviously is going to have a saturation point."

SUV Popularity High

@www.rolls-roycemotorcars.com

Another significant reason for the decline in used luxury cars can be because of the increasing SUV demand. As luxury car makers release SUV models of their own to keep up with the market, the appeal for the older, more classic ones further slows down.

"They've all jumped on the SUV bandwagon," Brauer said.

Read All

Featured Articles

Recommended Articles For You

Read All

Featured Cars

  • Upcoming

Car Articles From Zigwheels

  • News
  • Article Feature
  • Advisory Stories
  • Road Test
  • LTO all set for Undas
    LTO all set for Undas
    Ruben Manahan IV . Today
  • 2025 RAM 1500 Rebel to reach PH soil next month
    2025 RAM 1500 Rebel to reach PH soil next month
    Paulo Papa . Today
  • WATCH: Lexus highlights TX SUV in new ‘Wicked’ short video
    WATCH: Lexus highlights TX SUV in new ‘Wicked’ short video
    Paulo Papa . Oct 30, 2024
  • Suzuki PH extends help to Typhoon Kristine-struck customers with special discount
    Suzuki PH extends help to Typhoon Kristine-struck customers with special discount
    Paulo Papa . Oct 30, 2024
  • Kia enters pick-up truck segment with Tasman introduction
    Kia enters pick-up truck segment with Tasman introduction
    Ruben Manahan IV . Oct 30, 2024
  • Spooky journeys: scariest places to drive in PH
    Spooky journeys: scariest places to drive in PH
    Paulo Papa . Today
  • 5 scary things owners can find in their car
    5 scary things owners can find in their car
    Cesar Miguel . Today
  • Let’s take a peek inside the Hyundai Ioniq 5 N
    Let’s take a peek inside the Hyundai Ioniq 5 N
    Cesar Miguel . Oct 30, 2024
  • 9th PIMS: Aftermarket products are a-plenty
    9th PIMS: Aftermarket products are a-plenty
    Cesar Miguel . Oct 29, 2024
  • Here are concept cars that were showcased at the 9th PIMS
    Here are concept cars that were showcased at the 9th PIMS
    Cesar Miguel . Oct 29, 2024
  • Here are some ideal destinations and safety tips for the upcoming Holy Week
    Here are some ideal destinations and safety tips for the upcoming Holy Week
    Paulo Papa . Mar 08, 2024
  • Here are some New Year’s resolutions for car owners
    Here are some New Year’s resolutions for car owners
    Paulo Papa . Jan 03, 2024
  • PH auto market: 2023 in retrospect
    PH auto market: 2023 in retrospect
    Paulo Papa . Dec 15, 2023
  • Here’s a holiday gift guide for car enthusiasts
    Here’s a holiday gift guide for car enthusiasts
    Hazel Nicole Carreon . Dec 15, 2023
  • Oil players cut pump prices anew
    Oil players cut pump prices anew
    Paulo Papa . Nov 14, 2023
  • MG 3 Hybrid Plus: Quick and practical
    MG 3 Hybrid Plus: Quick and practical
    Cesar Miguel . Today
  • Toyota Avanza G CVT: Dashingly dependable
    Toyota Avanza G CVT: Dashingly dependable
    Paulo Papa . Oct 14, 2024
  • 2022 Honda Civic RS Turbo CVT Honda SENSING: one of sedan segment's major thrusters
    2022 Honda Civic RS Turbo CVT Honda SENSING: one of sedan segment's major thrusters
    Ruben Manahan IV . Sep 25, 2024
  • GAC Emkoo Hybrid: Peppy, efficient powerhouse for the price-conscious
    GAC Emkoo Hybrid: Peppy, efficient powerhouse for the price-conscious
    Cesar Miguel . Sep 23, 2024
  • MG ZS Luxury: Stylish yet accessible
    MG ZS Luxury: Stylish yet accessible
    Cesar Miguel . Sep 23, 2024