Classics from Japan

Albrecht

Well-Known Forum User
Let me know if it ever comes up for sale and I'll talk to Abbey about a remortgage! ;)

I rather suspect they might be worried about the prospect of Negative Equity.....

JakTheRuby said:
What issue of the magazine was it in, in the end?

It was in the April 2009 issue. which went on sale 5th March. You missed it, but back issues are available from the publishers I believe.

zedhead260 said:
Would you happen to have a photo showing differnces between long and short nosed please ?

Hope these show the differences properly:
 

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Russ

Club Member
I rather suspect they might be worried about the prospect of Negative Equity....

Unless the housing market does something quite drastic NOW then I wouldn't have thought that'll be a problem for me :) Unless of course a GTR in the UK is worth say as much as a new Nissan GTR in which case you may very well be right :)

Realistically though, I'll only get one of these

a02119615a.jpg


http://cgi.ebay.co.uk/KYOSHO-1-43-T...14&_trkparms=72:1683|66:2|65:12|39:1|240:1318

At least it's the same colour :) My brother is a big fan it turns out, think we might aim to get one to share one day, keeps him away from old VWs.

Very nice indeed!
 

Albrecht

Well-Known Forum User
Unless the housing market does something quite drastic NOW then I wouldn't have thought that'll be a problem for me :) Unless of course a GTR in the UK is worth say as much as a new Nissan GTR in which case you may very well be right :)

That's the problem. The better examples of genuine PGC10s and KPGC10s are now changing hands in Japan for figures far north of 8 million Yen, with the very best already the other side of 12 million. And the even rarer KPGC110s ( the 'Ken & Mary' shape ) are outpacing that.......

With current STG/GBP to JPY exchanges rates hovering around the £1 = 140JPY mark, I don't think we will be seeing too many C10 or C11 GT-Rs hitting our shores in the near future. Even middling-condition GTs are going to cost a fair whack, and if you go for a cheap one you might not know what you are getting yourself into and the cost of parts you might need ( especially soft trim, brightwork and body panels ). Here's where the question of Negative Equity comes in; Can you imagine how difficult it would be to get your money back if you had imported one of these cars and then wanted to get out of it? I can't see anyone in the UK or Europe paying anything like what my KPGC10 would sell for in Japan, and I reckon it would be difficult to liquidate a two or four door GT here too. Lots of people say they love them, and say they would like one, but when you weight up the costs it seems to scare them off somewhat.

As far as I am aware, there are only three C10-series Skylines in the UK at the moment. One 'GC10' four door GT ( which looks great, and was bought and imported with a much better exchange rate than now ), one 'KGC10' 2HT GT which was bought as a 'GT-R replica' ( and is - sadly - a non-running shed ) and my KPGC10. I really wish there were more, but I think the financials don't really add up with the current economic recession and the poor exchange rate.
 

Russ

Club Member
TBH my experience of models of Nissans/Datsuns has been a big disappointment. You can't open the bonnet on my rally car for a start without the grill deforming, I've given up on wanting to get nice ones, now it's just models that get bashed about on my desk. Will have a google for Ebbro though :)

Alan - Yeah it's all crazy prices on a lot of things. I'm hoping in another 30 years when I have money for these kinds of things the generation that are pushing the price up of said cars will be gone/retired, petrol won't exist, the bottom will fall out the market, and I'll be going shopping :) I think though 8-12million yen isn't that crazy (it is for me), you could pay that for an Escort so why not :)
 

Albrecht

Well-Known Forum User
I think though 8-12million yen isn't that crazy (it is for me), you could pay that for an Escort so why not :)

An £85,000 Escort is going to need to be an ex-Works car though, isn't it? Probably re-shelled a couple of times through it's life, too ..... ;)

To be honest, I think the high prices of Fairlady Z432s ( and especially 432-Rs ), C10 and C110 GT-Rs and the like could easily be justified when you compare them with other marques and models. They are rarer than a lot of cars that cost more today, and - arguably - somewhat more exotic too. It's the "Jap Crap" aspersions cast by Average Joe car enthusiast - who would have a problem justifying anyting more than £10,000 for a forty year old Japanese car to his mates and family - that keep them in Japan.
 

zedhead260

Well-Known Forum User
£85,000 !!


a problem justifying anything more than £10,000 for a forty year old Japanese car

I could justify it..........................if i had it :eek:

In my Lottery win 10 car garage, I would certainly find the space for something more exotic from Japan but it would be a hard choice.

By comparison, what do Toyota 2000GT's fetch these days in Japan ?
 

Albrecht

Well-Known Forum User
By comparison, what do Toyota 2000GT's fetch these days in Japan ?

They are in another league altogether these days - but then they've enjoyed high status and rising prices for many years now. I don't know about the LHD export models, but proper Japanese market MF10 models in the best condition are changing hands for the equivalent of well over £250k nowadays. The current exchange rate distorts our reading of that denotes in real world value, but I well remember seeing Japanese market cars advertised for sale in Japan in the early nineties at the 'magic' and nicely symmetrical 20 million Yen figure "Ni Sen Man Yen" - meaning 'Two Thousand Ten Thousand Yen' - where the highest denomination bank note in Japan is 10,000 Yen. You'd have needed two thousand of them to get a 2000GT at that point.

I think the most common printed sale price for one today is "ASK"..........
 

datsfun

Club Member
.

As far as I am aware, there are only three C10-series Skylines in the UK at the moment. One 'GC10' four door GT ( which looks great, and was bought and imported with a much better exchange rate than now ), one 'KGC10' 2HT GT which was bought as a 'GT-R replica' ( and is - sadly - a non-running shed ) and my KPGC10. I really wish there were more, but I think the financials don't really add up with the current economic recession and the poor exchange rate.

Alan

I believe that there is a fourth one in the UK too....something to do with Madeira [not the cake:D.] Well, I was led to believe that it was heading to our sunny shores...
 

zedhead260

Well-Known Forum User
but proper Japanese market MF10 models in the best condition are changing hands for the equivalent of well over £250k nowadays.

Crikey:eek:

I'd settle for an early long nose coupe (hakosuka version) and give it the GTR look. It would still have wow factor over here even if it wasn't genuine.



......fitted with RB engine too - I need another garage :driving:
 

Albrecht

Well-Known Forum User
Alan

I believe that there is a fourth one in the UK too....something to do with Madeira [not the cake:D.] Well, I was led to believe that it was heading to our sunny shores...

Yes, I was told that car had been sold to someone in the UK - but the trail went cold. It certainly hasn't surfaced in public view over here yet - so I'd prefer to err on the side of caution until it is confirmed. It might just have been speculation or gossip......

Last year I was told of a C110 coupe ( allegedly either a 'GT-R' or 'GT-R replica' ) that was being imported from Japan by somebody on the "east coast" of England. Never heard any more about it, and it may simply be that somebody had expressed an interest and was looking for one. Until I hear that it actually arrived here it's hard to take it seriously - especially in the case of a real C110 GT-R, considering their cost. However, a genuine KPGC110 was recently imported by a USA-based collector - so I'm wondering if this might have been crossed wires over the location? Who knows.

I do wish there were more. There's plenty of room for them over here, isn't there?
 

richiep

Club Member
I really would love to see a Hakosuka "in the flesh". Please Alan, let us know next time yours (or your Fairlady 240ZG for that matter!) gets an airing at a show as I would certainly be interested in having a look.

I've been following that JNC thread from quite early on - most insightful to get a detailed English language look at such a car. Interesting also to see the observations on some Japanese restorations - would you agree with his views Alan that a proportion are a little bit too skin deep, even on some exhibited as well known show cars? (although that thorough shell restoration in some of his photos is superb). I noticed in another thread on there that someone (edit: the same guy!) made similar observations about certain vehicles from big name tuner garages at the Tokyo Nostalgic Car Show (Rocky Auto to be precise).

In fact, here's the thread - worth a look for the stunning array of high quality vehicles and parts. More Hakosuka goodness there too, especially the two cars being reassembled live...

Japanese Nostalgic Car :: View topic - 2008 Tokyo Nostalgic Car Show
 
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Albrecht

Well-Known Forum User
I really would love to see a Hakosuka "in the flesh". Please Alan, let us know next time yours (or your Fairlady 240ZG for that matter!) gets an airing at a show as I would certainly be interested in having a look.

Hi Richie,
Don't have any fixed plans for this year just yet. The KPGC10 is a bit difficult as it was rebuilt as a dedicated track day / historic race car, and needs to be trailered around. At this point I don't feel very motivated to road-legalise it ( although that would not be difficult ) as that would water it down somewhat and it is great fun as it is. It has a very antisocial works-style side exit exhaust with no silencing, and whilst this has been fun for two or three special events without noise regs, it would not pass a noise test anywhere and I'd need to put the full custom twin pipe stainless system back on it - which is a shame. It's nice to demonstrate it at 'full noise'......

If it gets invited anywhere I'll let you know. It's a little pointless just seeing it on static display, as you need to see and hear it running to get a full impression of what they were about.

richiep said:
I've been following that JNC thread from quite early on - most insightful to get a detailed English language look at such a car. Interesting also to see the observations on some Japanese restorations - would you agree with his views Alan that a proportion are a little bit too skin deep, even on some exhibited as well known show cars? (although that thorough shell restoration in some of his photos is superb). I noticed in another thread on there that someone (edit: the same guy!) made similar observations about certain vehicles from big name tuner garages at the Tokyo Nostalgic Car Show (Rocky Auto to be precise).

Can I both agree and disagree at the same time?

Thing is, people who buy these old cars from Japan will always have that mindset of looking at the lower or mid-sector of price range ( for obvious reasons ). I do the same thing myself - so I'm not immune. The problem is that such cars - often being sold by dealers - are not going to be the cream of the crop or anything like it. They will often have been owned by young men with more enthusiasm than money, who - when they do have money to spend - would rather spend it on dress-up items like wheels, and go-faster equipment than on the basic running gear and structure of the car. If they have a paint job it will often be just a mask-up and blow-over. That's good enough for them, and it looks good from 10 metres away and in pictures. However, they are not the ideal cars to buy for export.....

But there are many many absolutely stunning old cars in Japan. Some of the restoration shops there are absolute masters at their art ( jaw-droppingly so, in my personal experience ) but their customers are most often well-to-do middle agers or particularly wealthy younger men with a very specific idea of what they want. The cars that come out of such restorations are not sold at the kinds of prices that people like 'us' can afford, and in fact they are very unlikely to be offered for sale at the kind of dealers that this thread highlights. Very often they will change hands without being advertised.

It's common that a car bought at mid to lower level prices will be considered a 'project' for the new owner and his chosen garage to collaborate on. Some of the dealers expect their customers to buy the car and then embark on a course of refurbishment and improvement with them, and to 'personalise' the car to their taste - and this will include re-testing the car and all the formalities of re-plating it etc etc. When the cars are sold for export it bypasses this stage and they are effectively sold-as-seen, so a buyer should expect the car to need work. It seems that hopes and expectations don't always match up. If I always sound sceptical and doom-laden about cars like the ones in this thread it's only because I'd rather not encourage false hopes and unrealistic expectations. I think the natural mindset with an emotive purchase like this is to kid yourself that the car will be as good as you hope, or even better. I don't think that's realistic.

Cars like those that Rocky Auto sell ( and not even all of them ) were often chosen for RB and SR transplants because they were not economocally viable resto projects in the first place. These days its actually cheaper to modify a ratty car than it is to do a full-on standard restoration or a period-sympathetic resto-mod. You don't need to buy all that expensive bright trim and soft furnishing if you are going for bare floors and racing buckets. So such modified cars are something of a law unto themselves anyway.

My feeling is that you have to be realistic, but also to view each car on a case-by-case basis. Each car will have a different tale to tell, and in my opinion some of the best stuff to buy is from personal sellers rather than dealers. The problem with that is that Japan is a fairly big territory to cover in person and transporting the car inside Japan can cost quite a lot, let alone the difficulties in dealing person-to-person for a private export sale. The average Joe in Japan would be very unlikely to help you with this, and the paperwork and hassle might well put him off the iwhole dea of selling to you. Employ a middle man to do some of this for you and it is more cost on top of the car, and most middle men in the Kanto or Kansai regions will be unlikely to jump on a plane to Kyushu or Hokkaido to view a car in person for you. They will more than likely simply trawl the 'usual suspect' dealers just like everyone else.

Now's really not the time to be buying, but if anyone was really serious about buying a good car from Japan my honest advice would be for them to take a trip to Japan and have a look around at some of these dealers in person. At the very least this would give you a feel of what was available and at what kind of prices. It would also give a feel for the cars in their own environment, and - you never know - you might even change your mind!

Hope all that helps, rather than confuses........ :)
 

Tony 260Z

Club Member
The more I look at these pictures the less I like modern cars. I just wish I had the budget!

*** drooool ***
 

richiep

Club Member
Thanks for the detailed reply Alan - that should probably be required reading for anyone dreaming about sourcing/importing a classic from Japan!! :)

I wonder if what may colour some people's views is the nature of the more modern Japanese import industry, i.e. the comparative economy of so many JDM performance cars (although many of the same caveats apply, given the volume of tat coming in sourced through auctions). Maybe that fuels the "I'm not paying that much for an import/project car" attitude. The fact that the Japanese classic market is in a different ballpark financially is lost on them and is not directly comparable to how much Japanese classics are worth in the UK.

The economy side of things doesn't help either. The exchange rate, although slowly improving again, is a real deal killer - it certainly dimmed my enthusiasm for sourcing larger items for my Fairlady Z via Yahoo Auctions Japan. Sourcing something like a KPGC10 or an S30Z would certainly be a much more painful exercise now than in times past!

I think some of the photos from the Tokyo Nostalgic Car Show really gel with what you are saying about some of the high quality restoration work done in Japan, for instance the shots of the Auto Classica KPGC10. Stunning :bow:
 

datsfun

Club Member
Yes, I was told that car had been sold to someone in the UK - but the trail went cold. It certainly hasn't surfaced in public view over here yet - so I'd prefer to err on the side of caution until it is confirmed. It might just have been speculation or gossip......
I have been advised that it was supposed to have landed on our shores, but went to Portugal instead :(. So we are back to 3 cars...


I do wish there were more. There's plenty of room for them over here, isn't there?

Yes, plenty of room, but as it mentioned in the thread ^^^,most folk will not be willing to spend more than £10k on a classic japanese car mainly because of they feel that they would not recover the costs if they sell the car onwards.

I have been approached by a few people asking me to assist them find a datsun 510/610/710 sss. When you locate suitable cars overseas, these same folk are nowhere to be seen:devil: once they find that they need to spend > £5k for a decent example
 

Mr.G

Club Member
Just purchased May's edition of Banzai, there is a retro road test of a 1971 KPGC10 Skyline GTR!!

Haven't read the article yet, it's 6 pages with lots of pics!! :) :)
 
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