RX-8 to hold value
 

Kelley Blus book states the vehicles that rate best overall, of all 2005 models, are the BMW 5 Series, Mini Cooper, Acura TL, Infiniti G35 coupe, Mazda RX-8, Mercedes-Benz CLK 320 cabriolet and Nissan 350 Z cars, and Volvo XC90, Lexus GX 470 and Porsche Cayenne sport-utility vehicles.
As a brand, BMW vehicles likely will retain the most value over the next five years, the report says.

The average new vehicle is worth about 30% of its purchase price in five years, according to Kelley Blue Book. But these vehicles are expected to hold about 50% of their purchase price.
Full article http://www.usatoday.com/money/autos/...bluebook_x.htm

What about 04 vehicles?

'05 predictions are based on what happens in previous years. So the prediction for '05 must have meant the '04's held their value well.

good for us! :D

And Bush's record?

Governor elect twice to the second largest economy state in the Union. One term as President of the U.S. Has led the economy back to health, and after having our country attacked by nutcase extremists which started planning the attacks in 1995 during Clinton's administration, Bush has been able through his leadership to keep America from being attacked again. Not bad; better choice than a completely inexperienced team who've never been in charge of anything even remotely close to the responsibilities the President has to take on his shoulders.

Which directly relates to the value retention of my car through a series of left-wing conspiracies that will be miraculously uncovered if Bush is re-elected. You can all kiss your 8s goodbye if Kerry wins. Then its Fiats for everyone.

edit: don't worry. I don't know what I was saying either. I must have subconsciously heard some Michael Savage today or something. :confused:

Y'all are gooooood. You need to hit the lounge some. :D

Back on topic. I am sure that if the renesis can hold out for good mileage, this car will retain value really well.

Keep The Politics In The Lounge

I will be surprised if they keep their value that much do to the large number of them made. if it was a limited production car, that would make sense.

One thing I have learned the hard way, you can purchase cars as an investment. You truly never know how they are going to keep their value.

Dean

I don't see why this matters. According to KBB, BMW as a brand will hold its value the best. I see a heck of a lot more new 3- and 5-series cars on the road than RX-8s. Toyota/Lexus vehicles hold their values very well despite production volumes that far exceed that of the RX-8.

John white- Boston Globe wrote- The RX* has the distintion of truly meeting the needs of what a sports car has to be to fit the Gen-X generation-agility, functionality, and speed. This vehicle will define the next generations of sport cars.

one contributing factor might be because it's WEIRD.... little engine, rotary no less, 4drs... sorta, 4 no-traditional doors for a SPORTS car... I mean that's just weird... but I like weird.

but weird could contribute to losing value faster... but that doesn't seem to be the case in this case!!! Yay!

But all this is irrelevant cuz I AM NEVER SELLING my RX-8... in fact this might be bad news if I ever want to pick up a used one later on.... DOH!

HAHA.....I don't know what you were saying either but it was entertaining to read. :D

I think the 8 should hold its value pretty well, for a lot of reasons which include it's unique styling. Like somebody else said, I'm not planning on selling mine either. It will be interesting to see over time which models are the most available, hardest to get, which colors are the most likely to be available, hardest to get, and how well the style holds up 20 years from now.

Late 60's Camaros and Mustangs are STILL good looking; they never went out of fashion...that's how good those design/styles were. Same thing with 56/57 Chevy's. I'm 52 and I can tell you those styles were instantly popular when they came out and they've remained that way ever since. The 8 may just be one of those.....

I should hook a breathalizer up to my PC. No posting after BAC .08.

It does matter. If you have a limited poduction car where they only make 1000 a year vs 20k or however many RX-8 are made, the resell value is going to hire on the limited production car because the market isn't flooded with them.

I think the RX-8 fully loaded which can be had for under 30 is a great bargain but I am skeptical of the resell in three years when there are a ton of them out there.


Dean

Large production volume and bad fuel economy will hurt resale. The big factor is reliability. The FD gave the rotory a bad reputation so can the RX8 turn it around. Only time will tell.

Based on the prices I see for used RX-8's, I would say this report appears to be accurate. Good to know!

I would say wait until '06 and then we will know. At this point, there is not enough data to know.

I just don't care what a company predicts. It is no big deal for them to change their rating if the car proves not to sell well or be unreliable.

Dean

Yeah, for example take the Aztek - they sold far less of them than they hoped, so it was limited production, and it's value has... tanked. It was a grotesque, horribly ugly abomination, and nobody wanted to buy them new because of that. Now, nobody wants to buy them used, so they're depreciating rapidly.

Want another example? Lincoln Blackwood. Very limited production. Rapid depreciation. Sorry, your correlation does not stand up - Miatas hold their value extremely well, and there's been over 700,000 of them produced. Large volume does not equate to higher depreciation - again, the BMWs are a perfect example to counter your contention.

It's supply and demand, not just supply, that determines the value.

Regards,
Gordon

Around here, the RX-8 is still a rare thing to see on the road. An RX-8 sitting in a used car lot stands out like a shiny new penny. Car buyers, and even moreso, used car buyers, are very prone to impulsive selection of "that car!" "That's the one I want!" A slightly higher-than-realistic figure of 20-25 mpg can be easily ignored by the general public. At least so-far. We seem to be on the ragged edge of awareness of fuel costs, where it will significantly affect car buying decisions of your average car buyer. If fuel costs go much higher, yes, it will hurt resale values of cars like this one, and hopefully, SUV's & pickup trucks.

I totally agree about reliability. I feel that so far, the RX-8 has a good history. Reliability also goes beyond just the model of a car. The reliability of Mazda as a whole will be considered by potential buyers. The reliability of the Mazda6 affects resale value of an RX-8, and it works the other way around. We're talking here about public conception of the quality system of the company. You ever hear someone say "of course it's gonna be reliable, it's a Honda." Reliability charts are almost always by company, not by car models.

And almost nobody even knows what an FD is, much less, it's history.

RX-7s have historically held their values pretty well, all 3 gens. But the FD was the extreme, going from horrible to great in terms of holding its value. Man I remember back in '95, new ones were going for close to $40K, but a two year old used '93 could be picked up for as low as $19K. Talk about a depreciation hit due to its infamous reliability. Then a funny thing happened, they stopped importing them to the US. Suddenly they started appreciating in value, and prices seemed to have held steady over the years.

And you don't want an Aztec? :)

You know I meant of comparable cars!