765LT [Official] Mclaren 765LT

[hovabongZA]

That name doesn’t roll off the tongue nicely, but that’s about it

“SEVEN SIXTY FIVE ELTEE” rolls off perfectly from this side of the pond.

 

[Merc1]

M

 

[slicknick]

Now looking at 720s second-hand values like...

I was thinking of this the other day
.... Must be falling off a cliff.
Not to mention, the LT cars of McLaren have always held their values far better than the standard Super Series cars (I.e. the 650S vs the 675LT). I mean, look at this

 

[Merc1]

I can't wait for the inevitable spider version.

M

 

[Centurion]

I was thinking of this the other day
.... Must be falling off a cliff.
Not to mention, the...

McLarens reputation and portfolio has changed a lot since the 675LT. Reliability and customer service rep has tanked + they are producing too many cars.

Sales figures if the 600LT are very bad to the point that McLaren Financial Services are offering unimaginably cheap deals on the 600LT.

 

[slicknick]

Money no object, this could be one of the most desirable cars on earth, for sure...As it would punch way above its weight, the only reservation point for the potential owners would be McLaren's notorious reputation on reliability, and perhaps depreciation on certain models

 

[Jo_Sta7]

Here’s just one issue I have with track focused hyper cars; are you specifying them for bragging, resale, or use? The curb weight that Mclaren and others use is with every carbon option ticked. Hugely expensive, good for bragging, probably decent for resale as long as its pristine. Terrible for use.

If I plan on using something, especially on track all the time I don’t want expensive carbon bits everywhere that will be damaged and cost me tens of thousands to replace. I want the simple plastic pieces. However, then it’s too basic of a car to demand high prices at resale and the use hurts it big time.

Look at race cars. They wear their marks like scars of honor. Proudly. They aren’t perfect polished things. These $500k+ “track” focused cars, 90+% will never see the track. They’re just for posing. Also, race cars are easy to fix for a reason. These cars are definitely not. The amount of wealth one needs to be worth to enjoy tracking a million $ Senna or $500k 765LT without fear of deprecation or damage is staggering to think. $250mm+ type of stuff. The track insurance alone annually on a Senna is $50k+.

Anyway, rant over.

 

[Monster]

McLarens reputation and portfolio has changed a lot since the 675LT. Reliability and customer s...

The cars themselves are top in class for performance, handling and technology, but for whatever reasons, people are not buying them. Last year Ferrari sold over 270 cars in Australia, while Mclaren managed 88 cars. In Feb this year, Ferrari sold 30 cars, Mclaren didn't sell a single one.

 

[Bridster]

The reason is, people don't buy supercars for their utility. They buy them for their style, for the status, for the sense of occasion. The actual performance is important only so much as it supports those qualities. In other words, the performance (and whatever else there might be, like interior quality, high tech materials, fit and finish, etc) exists mainly to provide a plausible excuse for charging the sort of money a normal person couldn't afford. The fact that the 720s performs fractionally better than its rivals in some areas is largely immaterial. The important thing is that it performs better than other, more common and cheaper cars - and so can maintain the status of a high end item, and the price premium that comes with it.

Mclaren seem to not understand this very well. While their cars are still mid engined, low, powerful and clearly exotic, instead of cultivating that sort of glow of desirability, they focus on numbers and stats and utilitarian factors. Which is all good and well and they make arguably the most well rounded, highest performing cars in the segment; but because that's not what customers primarily want from their supercars, the sales are not amazing.

And focusing too much on performance has another drawback. Once the new model comes - a model that is, of course, much better than the old model in every regard - the old model is next to worthless because all its value was in its performance. Hence you get the values of old Mclarens dropping like a stone. Which is then made worse by Mclaren coming out with a new car every five minutes.

I do quite wonder how Mclaren are gonna deal with this going forward. Having "better stats" is what the brand image is built around, so it would be hard to change that. But on the other hand, doing what they are doing now might not be sustainable. Once the next economic crisis comes and even the richest of people are much less willing to spend millions for "special edition" versions like the Elva or the Speedtail - which no doubt bring a lot of money for Mclaren, it's gonna be a real test of their business model.

 

[Centurion]

The cars themselves are top in class for performance, handling and technology, but for whatever...

Many supercar owners can get bored with cars after a year or sometimes even just a few months. 12-24 month leases and finance deals are increasingly popular.

If you want to hand back the car or sell it before the end of the term there could be negative equity that needs paying off. Mclarens are avoided because se models plummet £40-70k in the first 18 months. This makes it very difficult and expensive to get out of one one of their cars. Furthermore some dealers don't even accept Mclarens as trade ins. Those that do, offer pittance which is well below the price that the car would then be advertised at.

To recap, prospective buyers are financially scared of buying a Mclaren and so are dealers. Not an ideal situation for Mclaren.

Currently Romans International have a 720s with just 2k miles on the clock for sale. It's priced at a bargain £144k. A month after listing it has not sold. An exceptional supercar priced like this at one of the most high profile supercar dealerships is BAD exposure for Mclaren.

 

[AndreB]

Currently Romans International have a 720s with just 2k miles on the clock for sale.

Damn, that's low. I'd get it if it was the LHD version.

 

[A.P.]

To chime in on this discussion Mclaren also doesn't get the "progression with time" concept.

The Italians get that very well and they take their time with their respective models. Mclaren however went too far with the 720S, too fast.

720S debuted 3 years ago. THREE! And it already has a high performance version... That's all well and good, Italians do it too. See the time between Huracan and the Huracan Performante or 488 to the 488 Pista. The point is they aren't done with those platforms yet, they keep improving them with F8 and Huracan EVO and then even maybe add another high performance version before they end the production of them and replace them with something entirely new. They add small improvements each time and create a market around it so you feel like you have to upgrade, but if you don't upgrade you don't loose much, because you still driving the "same" model.

BUT when you place a 789 HP supercar against those supercars that started out with 600+ hp, you are going to have problems going forward. You need a base that you can improve on and not jump straight to the best product possible and then add even more to it. It just destroys the market value of your previous models, especially when they are so close together in price range. By replacing models often the rest suffers from it too, dealers/resale, technical issues with cars, etc.

My point is that Mclaren needs to figure out their range and stop being the f#cking IPhone of supercar manufacturers. They should have placed the 720S in the likes of Aventador, 812 etc. and made it more rarer as well as more expensive. It has the looks, cool doors, it's a flagship for Christ sake! Let the 570S/600LT compete with Lambo and Ferrari's baby supercars.

Funny enough Ferrari tried chasing Mclaren with the 488 Pista, only to realize that it won't work, because it will screw with their brand image. That's why F8 Tributo is basically a 488 Pista underneath, nothing major is added to it unlike what Mclaren would have done with it.


And yes, it works great for customers for a moment, but it doesn't work so well when you have to resell and realize that your car has dropped $100+k in value in a few months...

 

[drifter1]

They've been mainstream for 8 years now and everyone expects the world from them. Sales increased by 44 percent in 2018. How could they have improved on that?

They're already up to ~ 5000 vehicles. Not bad for a company whose stated goal is to produce 6000 vehicles by 2024. How many years did it take before Ferrari sold 5000 cars/year?

The fact is, they have rocked the supercar establishment, and this rubs many people the wrong way. Which invariably leads to reliability and depreciation issues being raised by people who know people, who know other people with Mclarens.

Good luck purchasing a 488, F8 or Aventador without taking a massive knock on depreciation.

 

[mihc]

Issues or not, as I said it already. What has Mclaren done in 10 years is astonishing. Being on so many levels with established brands such as Ferrari, Porsche, Lamborghini and beating them in many things is something to celebrate. I don't remember other companies stated in previous sentence having delivered so many great drivers cars/supercars as Mclaren in such a short span! Ok yes quality apparently still isn't there in some areas and model lineup is maybe too similar to each other. But these are things Mclaren will no doubt better them or fix them in near future! What have they done in 10 years makes me really wonder about their next 10! And to finish, my god what a machine 765LT is!

 

[bmwz4coupe]

With the 765LT you will get performance very close to the Senna for 1/3 of the price. And on top of that one of the most elegant mid engine design instead of one of the ugliest car design ever....

 

[hoffmeister_fan]

Hmmmm, regarding the 720S' value tanking or not, I think it will but not as much as the 12C or 650S did upon the existence of a 675LT. Let me put it this way: from a purely design perspective, there is significantly more desire with the 675LT compared to a 650S versus a 765LT compared to the 720S. The 720S has not of the generic supercar look the 650S was cursed with and the perfomance and handling of the 720S is still very, very impressive. The 720S is just very good. The 765LT is better, but I don't get as much of an itch because the 720S such a good jumping-off point for any other iteration.

 

[Centurion]

My point is that Mclaren needs to figure out their range and stop being the f#cking IPhone of supercar manufacturers.

They are more like the Samsung of supercars brands.

 

[WBarnes]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[WBarnes]

My point is that Mclaren needs to figure out their range and stop being the f#cking IPhone of supercar manufacturers.

In fairness, they don't de-tune existing models to make them slower like Apple do.

 

[A.P.]

In fairness, they don't de-tune existing models to make them slower like Apple do.

True. Hahaha!
I was too enthusiastic about it, the comparison to Samsung is more fitting as mentioned.

I like McLaren as a brand a lot, their achievements in such a short time are mind blowing, but they could just be a bit better now with their decisions. I got nothing against the 765LT, I'm sure it will be amazing, but it is the cooperative decisions that grind my gears and that end up affecting the cars itself.