CHECK OUT CARS & BIDS!
Here’s a fun video! Kennan and I browse through old DuPont Registry magazines from the peak of the Great Recession, searching for car prices from the past — to unbelievable results.
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DOUGSCORE CHART:
#dougdemuro #supercars #cars #porsche #ferrari #cheap #lamborghini #bmw #bugatti
00:00 THIS
00:37 CARS & BIDS!!!
01:27 Okay, now we are really starting
03:35 Ferraris Ferraris Ferraris
06:12 Ford GT vs Lamborghini Diablo
07:46 Carrera GT & Other Porches
10:12 Even More Ferraris
11:26 Doug is going to blow your mind
12:53 Depreciating Ferraris
14:23 All-Time Winner: Ferrari F40
17:02 JK, this is the all-time winner: XJ220
19:42 Ferrari F355
22:14 Prugna 308 GTB
23:19 What’s Ferris Bueller got to do with it?
24:06 Outro…(read more)
BREAKING: Recession News
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The Great Recession, also known as the Global Financial Crisis of 2008, was a tumultuous time for the automobile industry. Luxury automakers were hit hard as consumers tightened their purse strings, and the demand for high-end vehicles declined sharply. As a result, supercar prices from the Great Recession were historically low.
Automakers such as Ferrari, Lamborghini and Porsche were forced to offer heavy discounts on their vehicles in order to move inventory. During the height of the recession, supercars like the Ferrari 599 GTB and the Lamborghini Murcielago were being sold for up to 30% less than their original sticker price. This was due to the fact that buyers were few and far between and the automakers needed to move their cars off the lot.
One of the reasons why supercar prices were so low during the recession was due to the fact that financing was difficult to obtain. Banks and other lending institutions were wary of approving loans for high-end vehicles, especially those with price tags exceeding six figures. This caused many potential buyers to either give up on their dream of owning a supercar or look for alternative financing options.
Another factor that contributed to the low prices was the fact that automakers were focused on creating more affordable models to appeal to a wider range of consumers. Ferrari, for example, began offering the California model, which had a lower price tag and was geared towards a younger, more fashionable audience. Lamborghini also introduced the Gallardo LP 550-2, which was less expensive than its other models.
However, despite the low prices and attempts to appeal to a wider audience, the supercar market still struggled during the recession. Many automakers saw their sales decline drastically and were forced to cut production in order to stay afloat. This led to a decrease in the number of supercars being produced and the rarity of these vehicles made them even more attractive to collectors.
Today, the effects of the Great Recession can still be seen in the supercar market. While prices have since rebounded, they are still not as high as they were prior to the recession. In addition, many automakers are still focused on creating more affordable models to appeal to a wider range of consumers.
In conclusion, the Great Recession had a significant impact on the supercar market, as prices were historically low and production was cut back drastically. However, the downturn also led to the creation of more affordable models, which has helped to bring new buyers into the market. Today, supercar prices have rebounded somewhat but the effects of the recession are still felt in the industry.
Great Recession Supercar Price Trends appeared first on Inflation Protection.
