Have the sales of Defenders slowed down? - Defender Source
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  #1  
Old August 24th, 2016, 03:29 PM
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Have the sales of Defenders slowed down?

I just read a story about the classic car market slowing down this year compared to the last two years and I'm wondering if the Defender market is doing the same?
I've noticed the prices of real sales appear to have leveled off at least by my observation.
Monterey Auctions Continue to Slide After 2014 Classic Car Peak - Bloomberg

Thoughts?
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  #2  
Old August 24th, 2016, 03:39 PM
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Same with real estate and art and watches and boats and whatever you want.
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  #3  
Old August 24th, 2016, 03:44 PM
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The LS option these days can't be good for the high-end trucks with old school V8's.
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Old August 24th, 2016, 03:51 PM
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The economy isn't exactly flourishing. To be expected.
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  #5  
Old August 24th, 2016, 03:54 PM
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We are an odd group loving these trucks but it seems like every mark has two crowds, original and modified.
I'm in the original crowd but I get the appeal of LS and other upgrades.
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  #6  
Old August 24th, 2016, 03:59 PM
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Quote:
Originally Posted by roverguy2 View Post
We are an odd group loving these trucks but it seems like every mark has two crowds, original and modified.
I'm in the original crowd but I get the appeal of LS and other upgrades.
Me too. The LS option is growing on me. Not as a DD but as an long distance overlanding rig, absolutely.
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  #7  
Old August 24th, 2016, 04:02 PM
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certainly seems like there is a flood of trucks on the market....currently 78 defenders for sale on eBay.. There used to be 20-30 tops... Everyone and their mom trying to cash in on the defender gold rush and learning the hard way that their RHD ROW isn't worth the same as a NAS.
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Old August 24th, 2016, 04:04 PM
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I was real slow this summer. But picked up again this month. Generally I am busiest in the winter and spring for some reason.

Problems I see right now.

Series market state side is way over priced.

101's in UK have gotten stupid expensive

Ex mod market is doing ok but even with fall GBP prices on an good ex mod Rover are way up in the UK.

5 door's as always are getting harder and harder to find. Im turning down about nine out of ten of what im looking buying.

200tid price are just nuts! I get its a great engine but its crazy what they are going for.

Thats just my 2 cents.
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  #9  
Old August 24th, 2016, 04:23 PM
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Quote:
Originally Posted by phoenix37 View Post
certainly seems like there is a flood of trucks on the market....currently 78 defenders for sale on eBay.. There used to be 20-30 tops... Everyone and their mom trying to cash in on the defender gold rush and learning the hard way that their RHD ROW isn't worth the same as a NAS.
Hopefully it crashes soon, pick up a bunch of fun wheeling and parts trucks. More likely I think the prices will start to level out between the US and UK as transparency of value and cost is understood by more buyers.
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  #10  
Old August 25th, 2016, 09:31 AM
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Quote:
Originally Posted by greenmountainrover View Post
200tid price are just nuts! I get its a great engine but its crazy what they are going for.
I totally agree!
I was researching the numbers the other day and in 1991 Defender production was just under 19K for all Defender models world wide so not that big of a number and I'm sure the 5 doors where a small part of that number.
I don't mind if sales and prices level off I just wonder if they will drop as others have already pointed out other things have slowed down globally. Based on the overall market around the globe I guess the love of Defender has kept plenty of trucks around for us to buy and repair.
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  #11  
Old August 25th, 2016, 10:07 AM
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I hope price stabilize but I don't see them dropping in UK or here. Problems I have now is how do we get new guys into this hobby/addiction/life. You where once able to a good series stateside for 5-6k. Same rovers today people are asking over double! No in the UK I was once able to get nice ex mod 90/110 for 4-5k.....now I'm paying at least 6.5 for anything with a good bulkhead/chassis and a good runner. The direct ex mod stuff is crap and been sitting in a field for 5+ years now. The bulkheads on those are just scary. Higher end will always have money for 5 doors, 200tdi,and NAS trucks. It's the entry and mid level sales that are really hurting.
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  #12  
Old August 25th, 2016, 10:23 AM
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these aren't daily drivers for most of the buyers in the US. They're second or third cars, much like classic sports cars which are also slowing down at the moment.
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Old August 25th, 2016, 10:50 AM
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I agree for the high end, or even $50k+. But the $15-30k trucks can be and tend to be DD as guys rationalize the utility of them. Sadly, they are also those who get hurt when $5k in repairs are needed, which is frequent in that entry range.
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Old August 25th, 2016, 11:01 AM
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Id have to say 90% of my clients use them as daily drivers.
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  #15  
Old August 25th, 2016, 11:07 AM
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Quote:
Originally Posted by roverguy2 View Post
We are an odd group loving these trucks but it seems like every mark has two crowds, original and modified.
I'm in the original crowd but I get the appeal of LS and other upgrades.
Wait...the "real" Brian Morton?

Yeah, mine's staying o.e. too...as long as I can keep it that way

It's most definitely not a DD though...heck, it gets driven less than the 80"
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Old August 25th, 2016, 11:22 AM
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There's a white 1994 ST on eBay right now with over 100k miles on a truck that doesn't particularly present all that well, the owner has had it for 3 months after buying it out of Katy, TX and now wants $80k for it. Hard to say that sales have slowed when in reality it seems that every Tom, Dick, and Harry are all trying to hit new high water marks for price. Trucks priced reasonably or at "market price" are still selling quickly then sit as that buyer then tries to immediately sell for $40k more.

I remember back when Copley used to be known for having the most expensive Defenders on their lot. These days they still get in a bunch of low mile examples and are usually asking less (or the same) as the dudes with higher mile examples in "worse" shape.
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  #17  
Old August 25th, 2016, 11:43 AM
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^^^ That's a striking point I hadn't considered - a Defender from Copley is probably the best value you're going to find.
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  #18  
Old August 25th, 2016, 12:12 PM
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it seems like ex-mod prices have fallen at least due to the flood of ex-mod trucks. There way more trucks for sale now than i 2014.

I would be interesting to find the metric of how long on average every truck took to sell and then sub divided it down to 90 and the various 110s.
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  #19  
Old August 25th, 2016, 01:29 PM
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Quote:
Originally Posted by UnfrozenCaveman View Post
Wait...the "real" Brian Morton?

Yeah, mine's staying o.e. too...as long as I can keep it that way

It's most definitely not a DD though...heck, it gets driven less than the 80"

Hey Keith, it's me the Real Brian Morton! I do miss the old gang.

My new to me 110 is my DD and I will try my best to keep it that way.

Repairs are what keep many from owning Rovers in general. Two of my neighbors owned LR4s and sold them off after many issues. They love talking about owning a Defender like mine but are pushed away by possible repairs.

I agree that prices for entry level Series trucks are out of reach for many these days, its kinda sad.
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