Low
mileage RV8 seen for sale
with a body colour change
Update
The listing of this RV8
has been put back on the catalogue for the H&H auction at Duxford
on on
Wednesday 20th September 2023.
Listing
Updated:
230831
Posted: 230829 |
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This
exceptional RV8 in Flame Red was owned by a longstanding V8
Register and Club member who sadly passed away last year. Following
his death the car went to a new owner and it was recently seen
listed for the H&H auction at Duxford on Wednesday 20th
September 2023. Following a critical online post concerning
the original colour of the car it no longer appears in the current
auction listing on the H&H
website. See update
alongside
Bodywork colour of this RV8
Our RV8 records show the car was produced late in the production
run as Woodcote Green 2022 and exported by the Factory as a
Japan spec car and then later reimported to the UK. You can
see from the VIN plate above that the colour code for the bodywork
paint is "HPE" which is the code for Woodcote
Green and not Flame Red. We understand that before our fellow
V8 member owned the car a former owner had some minor work carried
out to repair a bump on one of the wings and at that time he
had the body paint colour changed to Flame Red. See our information
webpage on RV8 colour
codes.
Condition of the car
This RV8 was very carefully maintained by our former V8 member
and it was retrofitted with an EZ EPAS system and Spax shock
absorbers from Clive Wheatley together with a rechipping. It
has a valuable personal number plate. We understand the mileage
following reimportation is given as 13,200 miles but we have
seen no information on the "mileage" covered in Japan
before the car was reimported that would give an indication
of the aggregate total mileage. The 33
MGX registration plate was a personal number our former
V8 member had on the car. From the online adverts and auction
listing we have seen it still appears to be on the car being
offered for sale by a new owner.
Value of the car
As far as the value of the car is concerned, the value of an
RV8 in an exceptional condition but with a body colour change
from Woodcote Green to Flame Red is an interesting question.
Our regularly updated 6 monthly RV8 Price Guide and Market Review,
based on a careful analysis of "spots" of cars seen
offered for sale by our Pricewatch team, has shown that the:
> Premium previously seen for the rarer "Other
Colours" over the more numerous RV8s in Woodcote Green
has been reducing over recent years and is now often minimal.
The condition of the car, rather than the earlier preference
for "Other Colours", appears to have become more important
for buyers.
> Low mileages still seem to be an expectation in
the market mainly because RV8s when reimported from Japan have
often been seen with around 20,000 to 25,000 miles from use
in Japan and then often modest use in the UK. This has tended
to encourage the market to expect low total mileages on RV8s
offered for sale in the UK, so much so RV8s with mileages over
40,000 or 50,000 were seen as "high mileage RV8s"
and less attractive as a purchase. For a model close to 30 years
old even modest annual classic car use of 1,500 to 2,000 miles
would see a total today of 45,000 to 60,000 miles.
See our RV8 price guide.
Looking at this RV8
Whilst this
car has had a bodywork colour change, reported to be a good
quality respray, it has also been well maintained and has had
several popular upgrades - an EZ EPAS retrofit, replacement
Spax shock absorbers supplied by Clive Wheatley and it has been
re-chipped - plus it has had a low mileage in the UK. Whilst
we are not aware of the "mileage" whilst in Japan,
in all likelihood that was low too. The price estimate range
£20,000 to £25,000 seen on the H&H auction listing
seems reasonable (subject to a physical inspection of the car
of course). Our most recent updated guide for a Condition 1
RV8 is around £21,000 and if this car were to be seen
as Condition 1 Plus then possibly up to £25,000. The question
is what discount, if any, might a buyer feel is necessary with
an RV8 with a body colour change, particularly a change to Flame
Red, a rare "Other Colour" in terms of the small number
produced in that colour by the Factory. Only a buyer active
in the market will reveal that.
Our RV8s for Sale webpage has several good cars on offer:
Reimported RV8 in the desirable colour Nightfire Red
RV8 (Nightfire Red 1875) owned by the present owner for more
than 16 years with a mileage 24,000 plus 600kms evidenced by
odometers. The car has Clive Wheatley Spax shocks and an Optimax
chip upgrades plus an "MGR" number plate. £23,500
UK spec RV8 in the rare colour Le Mans Green
RV8 (Le Mans Green 0019) is one of only 28 UK spec Le Mans Green
cars, 3 owners with current owner for over 20 years. Well maintained,
always garaged. Mileage 72,058. Original "MGR" number
plate. £21,600
Reimported RV8 in Woodcote Green with power steering
RV8 in Woodcote Green with 43,000 miles, maintained regardless
of expense, including new clutch and power steering. £19,950
Visit our popular
RV8s for Sale webpage |
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