Omega Owners Forum

Chat Area => General Car Chat => Topic started by: Field Marshal Dr. Opti on 04 June 2014, 17:15:36

Title: Apparently, £48,000 in 1990 is..........
Post by: Field Marshal Dr. Opti on 04 June 2014, 17:15:36
....equivalent to £95,208  in June 2014.

To what specifically do I refer?
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: TheBoy on 04 June 2014, 17:30:14
LC?
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: Stemo on 04 June 2014, 17:41:31
....equivalent to £95,208  in June 2014.

To what specifically do I refer?
Your ground rent?
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: Field Marshal Dr. Opti on 04 June 2014, 17:51:24
LC?

Yep. Can you imagine anyone (in their right mind) paying more than £95,000 for a VXR8 today.

I think that £50,000 is way too pricey.

And yet back in 1990 Vauxhall had no problems selling every Lotus Carlton they could produce.

Title: Re: Apparently, £48,000 in 1990 is..........
Post by: Varche on 04 June 2014, 19:27:10
Wasn't there a slump in 1990. ?

I seem to remember houses lost value that year. Maybe people were still making lots of money from shares- IPO's etc.
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: henryd on 04 June 2014, 19:29:07
LC?

Yep. Can you imagine anyone (in their right mind) paying more than £95,000 for a VXR8 today.

I think that £50,000 is way too pricey.

And yet back in 1990 Vauxhall had no problems selling every Lotus Carlton they could produce.

Don't forget that way back in 1990 there was very little that could live with the LC performance wise,worth a premium just for that :y :y
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: Keith ABS on 04 June 2014, 19:30:19
 Vauxhall did struggle at the end to sell the last few LC,s. Some were offered to interested parties who had gone in for a new GSI at the GSI price Lotus wanted to do an estate version as well but VX would not allow it
Keith B
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: Field Marshal Dr. Opti on 04 June 2014, 19:33:00
Wasn't there a slump in 1990. ?

I seem to remember houses lost value that year. Maybe people were still making lots of money from shares- IPO's etc.

Yep.....spot on, Mr Varche.

In 1988/89 the housing market was booming. Houses were being sold at full asking price or even at a premium.

By 1990 it was a very different story with  estate agents (crooks) actually having to work in order to sell property.
The classic car market followed the housing market slump with many 'classics' losing a significant amount.

Title: Re: Apparently, £48,000 in 1990 is..........
Post by: Field Marshal Dr. Opti on 04 June 2014, 19:34:55
LC?

Yep. Can you imagine anyone (in their right mind) paying more than £95,000 for a VXR8 today.

I think that £50,000 is way too pricey.

And yet back in 1990 Vauxhall had no problems selling every Lotus Carlton they could produce.

Don't forget that way back in 1990 there was very little that could live with the LC performance wise,worth a premium just for that :y :y

 Agreed, Henry. Broadly speaking the LC was as rapid as a Countach. :y
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: omega3000 on 04 June 2014, 19:38:12
What was the LC competing against in those days  :-\
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: martin42 on 04 June 2014, 19:39:46
Rs200  ;D
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: Field Marshal Dr. Opti on 04 June 2014, 19:40:25
What was the LC competing against in those days  :-\

It certainly used to piss all over the BMW M5 of the day. :y
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: omega3000 on 04 June 2014, 19:44:04
What was the LC competing against in those days  :-\

It certainly used to piss all over the BMW M5 of the day. :y

Wasn't the LC made specifically to be the fastest road car to compete against a particular car  :-\
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: Field Marshal Dr. Opti on 04 June 2014, 19:49:04
What was the LC competing against in those days  :-\

It certainly used to piss all over the BMW M5 of the day. :y

Wasn't the LC made specifically to be the fastest road car to compete against a particular car  :-\

I'm not sure about that.

176 MPH around Nardo though. :y
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: omega3000 on 04 June 2014, 19:51:47
I had a meer 2.0 CDX manual Carlton , 0-60 in about 20 i think  ::)
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: GastronomicKleptomaniac on 04 June 2014, 20:07:52
Vauxhall did struggle at the end to sell the last few LC,s. Some were offered to interested parties who had gone in for a new GSI at the GSI price Lotus wanted to do an estate version as well but VX would not allow it
Keith B

Good Lord, I was born too late (and lazy). If I got that chance there'd have been a salesman wandering round missing an arm, never mind his hand...
Title: Re: Apparently, £48,000 in 1990 is..........
Post by: LC0112G on 05 June 2014, 14:40:07
And yet back in 1990 Vauxhall had no problems selling every Lotus Carlton they could produce.

They did have problems shifting them - so much so that the last 150 cars, most/all of them right hand drive, were never actually built. There were supposed to be 1100 LC/LO's built, but in the end only 950 were. Production only lasted a little over 18 months (spanning 3 model years - chassis numbers L, M & N) but it took almost 5 years to shift all the cars bult. There are stories of the grass infield at Hethel being used as a car-park for unsold cars - which may go some way to explaining certain rust issues.

Some were offered to interested parties who had gone in for a new GSI at the GSI price

I've not heard that, but the last few UK cars were 'loaned' to loyal Vauxhall customers for extended test drives (several weeks) and then at the end of the loan they were offered the car's as ex dealer demonstrators for between £20 and £25K.  This would have been 1994 ish. For comparison I first looked to buy a new Omega Elite in 1995 and they were pushing £30K then. 

176 MPH around Nardo though. :y

According to the test team that figure was the lap average. Peak speed was over 10 MPH north of that, but there were concerns about overheating the tyres on the banking  Then the fuss in the papers blew up, and all mention of speed was discouraged from on-high.