Up here in Canada, I've seen typically around 15-20 used NSXes for sale across the country at any one time in the autotrader internet/publications during the summer months. I'd guess the entire summer sees ~30 different cars. Many current listings have been on there for well over a year, meaning they didn't sell last summer either.
Out of those, almost all are '91-93's. There is the odd '94's (which always seem to ask too much compared to a '91-93 for the relative value of the wheels), once in a while a 95/96, and virtually zero 97+'s. I have seen only one 97+ (excl a 2002 which appears unsold) advertised in the last 3 summers. Prices on the 91's are typically at asking prices of between $45-50K for decent condition average-mileage cars. Cars with over ~120k km tend to list in the low 40's and cars with under 70km can list anywhere from 50K to 60K... although there is presently one overly optimistic fellow who's asking $70K for his 35k km stock silver '91. What's worse, about 80% of the listed cars are at dealers, which mean they are actually asking 7 to 12% MORE than advertised to cover federal and provincial taxes.
Even when you convert from Cdn to US dollars at average exchange rates, these are priced higher than similar cars appear list for in the States. My personal take on this is that the supply is limited and to import one from the States adds 7% federal tax and 6% duty when crossing the border. Hence even a US$25K high-mileage '91 will end up costing a Canadian buyer around Cdn$40K to import it (and that's with a very attractive $0.74 Cdn dollar... at $0.65 it becomes a $44K proposition) ...and that says nothing of the travel costs and PITA to fly out and drive/ship it back. I had hoped to import an average '95/96 NSX-T with the recent spike in the Cdn $ vs. the greenback, just coming off a 5-year high, (and it was absolutely in the toilet less than a year ago). Unfortunately it still adds up to around ~$60K.
So on the whole I'd say they aren't depreciating up here. I hope this trend continues now that I've finally made the committment to buy one! (C'mon 2F2F...jack up those prices now just like with Supras three years ago!)
Out of those, almost all are '91-93's. There is the odd '94's (which always seem to ask too much compared to a '91-93 for the relative value of the wheels), once in a while a 95/96, and virtually zero 97+'s. I have seen only one 97+ (excl a 2002 which appears unsold) advertised in the last 3 summers. Prices on the 91's are typically at asking prices of between $45-50K for decent condition average-mileage cars. Cars with over ~120k km tend to list in the low 40's and cars with under 70km can list anywhere from 50K to 60K... although there is presently one overly optimistic fellow who's asking $70K for his 35k km stock silver '91. What's worse, about 80% of the listed cars are at dealers, which mean they are actually asking 7 to 12% MORE than advertised to cover federal and provincial taxes.
Even when you convert from Cdn to US dollars at average exchange rates, these are priced higher than similar cars appear list for in the States. My personal take on this is that the supply is limited and to import one from the States adds 7% federal tax and 6% duty when crossing the border. Hence even a US$25K high-mileage '91 will end up costing a Canadian buyer around Cdn$40K to import it (and that's with a very attractive $0.74 Cdn dollar... at $0.65 it becomes a $44K proposition) ...and that says nothing of the travel costs and PITA to fly out and drive/ship it back. I had hoped to import an average '95/96 NSX-T with the recent spike in the Cdn $ vs. the greenback, just coming off a 5-year high, (and it was absolutely in the toilet less than a year ago). Unfortunately it still adds up to around ~$60K.
So on the whole I'd say they aren't depreciating up here. I hope this trend continues now that I've finally made the committment to buy one! (C'mon 2F2F...jack up those prices now just like with Supras three years ago!)
