Sotheby's London Auction Video: 2600 miles Lexus LFA fetches $352,000
#1
Lexus Test Driver
Thread Starter
Sotheby's London Auction Video: 2600 miles Lexus LFA fetches $352,000
#3
Counterpoint
In 2012 the base car was 343,000 pounds, and the exchange rate was about 1.6133 dollars per pound
So the car prior to options was $552,259 in the UK market
Fetching $352,000 looks good relative to recent US prices paid but less smiley face relative to what it took to put the car in the garage when it had delivery miles
In 2012 the base car was 343,000 pounds, and the exchange rate was about 1.6133 dollars per pound
So the car prior to options was $552,259 in the UK market
Fetching $352,000 looks good relative to recent US prices paid but less smiley face relative to what it took to put the car in the garage when it had delivery miles
#4
Driver School Candidate
The UK market is always like that, with almost all cars (even other things) it seems like all the do is replace the $ with a £. If you compare the prices when the GBP actually had decent value, it was like getting half off your collector car if you bought one in the US instead lol
#5
Lexus Test Driver
Thread Starter
The UK market is always like that, with almost all cars (even other things) it seems like all the do is replace the $ with a £. If you compare the prices when the GBP actually had decent value, it was like getting half off your collector car if you bought one in the US instead lol
#6
I am no expert in UK pricing but they do have VAT (to penalize consumption)
Toyota priced it differently in different markets (common stuff)
My point is simple, price support has been stronger for the car in the US
Try to by a Ferrari TDF in the UK, the price support for that car is strong in many markets
My NSX for example is priced higher in Canada than in the US but if you could buy it in Canada with US dollars, it would be cheaper that buying a US car (the importation and lack of US warranty would quickly croak the idea of doing it)
Toyota priced it differently in different markets (common stuff)
My point is simple, price support has been stronger for the car in the US
Try to by a Ferrari TDF in the UK, the price support for that car is strong in many markets
My NSX for example is priced higher in Canada than in the US but if you could buy it in Canada with US dollars, it would be cheaper that buying a US car (the importation and lack of US warranty would quickly croak the idea of doing it)
#7
Lexus Test Driver
Thread Starter
That is a different case. Generally, there are is about a 15 - 18% price difference (depending on the currency value difference) mostly because it is a very small market comparably speaking. LFA brand new was 450,000 CAD compared to 375,000 US, which is roughly around 17% more because it is a much smaller market (37 million people vs 320 million). I am looking at used RCFs and mint condition RCF with TVD/performance package with less than 15.000 km are selling for 57,000 CAD - 64,000 CAD compared to 90,000 CAD brand new. Their prices dropped like a rock in just 2 years, but it is great for us buyers since we can get bargains.
Still, it is not as bad as Australia where RCF brand new cost 150,000 AUD or LFAs that cost 750,000 AUD.
Europe seems to be a completely different case where they have some taxes or something, which is why Lexus priced LFA at 340,000 pounds (compared to 170,000 pounds for the comparable Lamborghini LP570-4 Superleggera or 458 Italia loaded at around 190,000 pounds). Even with the exclusivity, carbon fiber etc., it should have been around 270,000 - 290,000 pounds, which is where the market adjusted automatically.
Still, it is not as bad as Australia where RCF brand new cost 150,000 AUD or LFAs that cost 750,000 AUD.
Europe seems to be a completely different case where they have some taxes or something, which is why Lexus priced LFA at 340,000 pounds (compared to 170,000 pounds for the comparable Lamborghini LP570-4 Superleggera or 458 Italia loaded at around 190,000 pounds). Even with the exclusivity, carbon fiber etc., it should have been around 270,000 - 290,000 pounds, which is where the market adjusted automatically.
I am no expert in UK pricing but they do have VAT (to penalize consumption)
Toyota priced it differently in different markets (common stuff)
My point is simple, price support has been stronger for the car in the US
Try to by a Ferrari TDF in the UK, the price support for that car is strong in many markets
My NSX for example is priced higher in Canada than in the US but if you could buy it in Canada with US dollars, it would be cheaper that buying a US car (the importation and lack of US warranty would quickly croak the idea of doing it)
Toyota priced it differently in different markets (common stuff)
My point is simple, price support has been stronger for the car in the US
Try to by a Ferrari TDF in the UK, the price support for that car is strong in many markets
My NSX for example is priced higher in Canada than in the US but if you could buy it in Canada with US dollars, it would be cheaper that buying a US car (the importation and lack of US warranty would quickly croak the idea of doing it)
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