Price Headed Up or Down?

[stoopid]

I would imagine they would either remain pretty balanced or appreciate a tad? Wouldn't make sense if prices go lower when they're a limited amount. (I hope)

That's my best guess as well. The question will be if the car gets hyped in the aftermarket in the next few years for tuning, etc. If EVs do end up infiltrating the market as expected, performance gas powered vehicles may hold up quite well as the quantity of new vehicles with their performance levels decreases. However, people like me are also transitioning to EVs and many of those EVs that we're moving towards are likely as quick or quicker as a Stinger. And being that the Stinger isn't a track sport car (without some mods), and is closer in handling to most quicker EVs, it may end up being that people just get an EV instead. There's charging infrastructure and socioeconomic considerations that will determine much of the Stinger's resale future. Again, stuff well outside of any control I have over the outcome.

 

[Striker's Stinger]

To me, it's a lottery. The Stinger has the potential to go up in price, but needs to be trending on social medial and the internet for it gain popularity. I go on many different websites and people talk about this car all the time, the owners get it. Could become an absolute classic like a '97 Mitsubishi Eclipse GSX or a 3000GT VR4. I can see it gaining popularity in the next few years. It's now officially a classic since it will be discontinued after 23 models, and the only 2018-2023 models. Not to mention how fast the car is stock, and the potential for mods. I think a bone stock Stinger GT (1 or 2) will be worth a lot of money in the future. Just not anytime soon. So enjoy!!

 

[Snicklefritz]

it will be discontinued after 23 models, and the only 2018-2023 models.

just a question about model years: yes, production ends after this year, but aren't the stingers produced this year going to be my24?

 

[Volfy]

just a question about model years: yes, production ends after this year, but aren't the stingers produced this year going to be my24?

The official word is Stinger production will end in April 2023, which will still be Model Year 2023.

As for the prices... in the long run, all this madness will subside and the trajectory of both used and new car prices are already starting to trend back toward normalcy. It might not ever be the same as pre-pandemic, but these ridiculously crazy high prices will end. I like my Stinger as much as the next guy. However, when you get right down to it, there is nothing special about the Stinger. The fact that production is ending should tell you what the true supply vs. demand picture looks like. A guy can convince himself it's a must-have before they are all gone and pay extra for it, but a few years down the road, when he is looking to sell/trade, it'll be just another used car. Best not to get too emotionally attached to any car.

 

[richpfeiferjr]

I have a feeling that part of the Stinger's demise was the demise of sedans in general. People these days are looking for mostly SUVs or something small (or EVs) but the sedan market in general is taking a nose dive. Companies like Ford are no longer producing sedans.

 

[stoopid]

I have a feeling that part of the Stinger's demise was the demise of sedans in general. People these days are looking for mostly SUVs or something small (or EVs) but the sedan market in general is taking a nose dive. Companies like Ford are no longer producing sedans.

Buuuuut... because fewer sedans are being produced each year, as well as fewer performance models, it stands to reason the lower supply might help at least maintain value with demand remaining the same or even increasing due to rarity/exclusivity. Also, with the average new car price being so high, a used sporty car may be more attractive to more people.

That's why I last posted it's really only a time will tell situation, as many factors out of all of our control will be coming into play in the coming years.

 

[LordKOTL]

The official word is Stinger production will end in April 2023, which will still be Model Year 2023.

As for the prices... in the long run, all this madness will subside and the trajectory of both used and new car prices are already starting to trend back toward normalcy. It might not ever be the same as pre-pandemic, but these ridiculously crazy high prices will end. I like my Stinger as much as the next guy. However, when you get right down to it, there is nothing special about the Stinger. The fact that production is ending should tell you what the true supply vs. demand picture looks like. A guy can convince himself it's a must-have before they are all gone and pay extra for it, but a few years down the road, when he is looking to sell/trade, it'll be just another used car. Best not to get too emotionally attached to any car.

I don't disagree, but I tend to drive cars from new into the ground. My last car lasted 14 years. And I got ~112k miles out of her. I think the same lifetime is possible with my Stinger, and by that time I wouldn't expect it to have much resale value unless they became retro popular.

If someone is the type who gets a new car every 3-5 years and relies on resalve value I agree: caution is the watchword. If no one is buying sedans (except for us enlightened few ) now, I don't expect that to change in the next handful of years.

 

[Volfy]

I don't disagree, but I tend to drive cars from new into the ground. My last car lasted 14 years. And I got ~112k miles out of her. I think the same lifetime is possible with my Stinger, and by that time I wouldn't expect it to have much resale value unless they became retro popular.

If someone is the type who gets a new car every 3-5 years and relies on resalve value I agree: caution is the watchword. If no one is buying sedans (except for us enlightened few ) now, I don't expect that to change in the next handful of years.

Absolutely. Keeping a car for as long as possible is almost always the best way to maximize $$ spent, regardless of how much the car cost up front. I don't always keep mine for the long haul, for various reasons, but I have had many "keepers". This Stinger actually replaced a '09 Genesis 3.8L sedan I drove for more than 10yrs. Got my money's worth and then some. I didn't even bother trying to sell or trade it in. Instead, I donated it to the American Lung Association, as I have done before, on cars that were pretty much on their last breath.

This Stinger looks to be another keeper.

 

[LordKOTL]

Absolutely. Keeping a car for as long as possible is almost always the best way to maximize $$ spent, regardless of how much the car cost up front. I don't always keep mine for the long haul, for various reasons, but I have had many "keepers". This Stinger actually replaced a '09 Genesis 3.8L sedan I drove for more than 10yrs. Got my money's worth and then some. I didn't even bother trying to sell or trade it in. Instead, I donated it to the American Lung Association, as I have done before, on cars that were pretty much on their last breath.

This Stinger looks to be another keeper.

In retrospect I probably should have donated my G6 GXP, but ahh well, spilled milk and all that. I did get 14 years of fun out of her, so I don't look at losing all the value on the trade-in as a major loss (especially because she was well-loved and looked the part ).

I really think the Stingers can go either way--as in they could become retro popular in a handful of years, or just completely lose value. Everything I have read about the Stingers is that they tend to be pretty tunable, can be made even quicker than they are pretty easily, and while there are reports of stuff going wrong, it seems to me that it tends to be less than some other cars around the class they are. I could see in the future once this supply chain nonsense ends that they go cheap for awhile but someone picks up on them on the social media platform du jure at the time and all of a sudden, people want them again.

However, how far out would that be? (speculation on my part of course). 5 years? 10? By that time it might have flushed out every owner who wants to trade cars in every 3-7 years.

But, on the other hand, they might not ever get a higher priced resale because it seems to me that the great unwashed have been lusting after SUVs for at least the past 2 decades. Why would that change? I see no indication that it would. That might stimulate a market for sedan fans, but maybe not for the general populace enough to bring up KBB values beyond the normal depreciation.

Again, spitballing on my part. Like you I expect to enjoy the hell out of my Stinger for years to come. She's been a dream to drive.

 

[Volfy]

In retrospect I probably should have donated my G6 GXP, but ahh well, spilled milk and all that. I did get 14 years of fun out of her, so I don't look at losing all the value on the trade-in as a major loss (especially because she was well-loved and looked the part ).

I really think the Stingers can go either way--as in they could become retro popular in a handful of years, or just completely lose value. Everything I have read about the Stingers is that they tend to be pretty tunable, can be made even quicker than they are pretty easily, and while there are reports of stuff going wrong, it seems to me that it tends to be less than some other cars around the class they are. I could see in the future once this supply chain nonsense ends that they go cheap for awhile but someone picks up on them on the social media platform du jure at the time and all of a sudden, people want them again.

However, how far out would that be? (speculation on my part of course). 5 years? 10? By that time it might have flushed out every owner who wants to trade cars in every 3-7 years.

But, on the other hand, they might not ever get a higher priced resale because it seems to me that the great unwashed have been lusting after SUVs for at least the past 2 decades. Why would that change? I see no indication that it would. That might stimulate a market for sedan fans, but maybe not for the general populace enough to bring up KBB values beyond the normal depreciation.

Again, spitballing on my part. Like you I expect to enjoy the hell out of my Stinger for years to come. She's been a dream to drive.

IMO, for a mfr, the downside to offering a performance car like the Stinger is the increased likelihood of the car being thrashed and trashed. This increased warranty claim rate and ultimately works against the profitability of the line. This isn't unique to the Stinger. It is a problem faced by any mfrs. It is a problem that has to be managed strategically. Having a halo car can increased the desirability of your brand, as a whole. If taking a bit of loss in warranty claims enhances the brand prestige and "street cred", thereby bringing in foot traffic to your showroom floor and help increasing sales of other more mundane car models, then it might be worth it... even if the halo car line itself proof unprofitable.

This is particularly challenging for a brand like Kia that offers a warranty that is far more generous than industry average. Kia is potentially on the hook for a long time.

For the consumer, this same effect can also be a double edge sword. On the one hand, the high-performance aura can make the a car more desirable to own. However, the same high-performance aura could also works against it in the secondary market. Prospective buyers might be turned off, precisely because a car is known to be popular with the tuner crowd, likely to be modified, and carries the risk of having being thrashed and trashed.

 

[65RivieraGS]

Dealers aren't foolish. Car buyers tend to be foolish. PT Barnum and Jonathan Gruber are correct.

 

[JohnH]

I agree. Down. The world wants SUV's.
Hmm. Imagine the Stinger as an SUV...... I'd buy one.

The performance sedan is a dying breed. Just makes me like those types of cars even more. Everyone wants a big car/SUV/pickup. They are all like buses to me. Many cars are short on personality. The Stinger will never be short on personality.

 

[JohnH]

IMO, for a mfr, the downside to offering a performance car like the Stinger is the increased likelihood of the car being thrashed and trashed. This increased warranty claim rate and ultimately works against the profitability of the line. This isn't unique to the Stinger. It is a problem faced by any mfrs. It is a problem that has to be managed strategically. Having a halo car can increased the desirability of your brand, as a whole. If taking a bit of loss in warranty claims enhances the brand prestige and "street cred", thereby bringing in foot traffic to your showroom floor and help increasing sales of other more mundane car models, then it might be worth it... even if the halo car line itself proof unprofitable.

This is particularly challenging for a brand like Kia that offers a warranty that is far more generous than industry average. Kia is potentially on the hook for a long time.

For the consumer, this same effect can also be a double edge sword. On the one hand, the high-performance aura can make the a car more desirable to own. However, the same high-performance aura could also works against it in the secondary market. Prospective buyers might be turned off, precisely because a car is known to be popular with the tuner crowd, likely to be modified, and carries the risk of having being thrashed and trashed.

An excellent post. Many great points that I agree with.