by Sharp Decline in Value
Not so long ago, this 2023 Aston Martin DB11 had an impressive price of $276,786. However, over two years, its value dropped sharply. Earlier this week, this sports car was sold for only $174,000, despite having a mileage of just 497 miles.
Financial Losses of the Owners
The first owner incurred the greatest financial loss, losing $86,786 after driving the car only 290 miles. The second owner lost somewhat less but still recorded a loss of $16,000 after adding 207 miles to the odometer. Such extreme depreciation shows that buying an Aston Martin is not the smartest decision if you want a sports car to at least partially retain its value.
Luxurious Additional Equipment
The car’s cost is partly explained by its specifications. Although the base price of the DB11 was $232,500, this particular model was supplemented with numerous options, significantly increasing the final cost. Key additions include a $9,000 Bang & Olufsen BeoSound audio system, $1,600 Aston Martin black emblems, $1,600 ventilated front seats, $3,200 20-inch black wheels, $1,200 tinted rear lights, and interior trim costing over $10,000.
The car’s exterior is finished in a shade of China Grey, which harmoniously combines with black accents. Overall, this is a rather conservative specification, and one might have assumed it would help avoid a catastrophic level of depreciation. However, that did not happen.
Auction Results
An analysis of the Bring a Trailer auction shows that the main part of the depreciation occurred during the first year. In July 2024, the car was sold with 290 miles on the odometer for $190,000, meaning a price reduction of $86,786 in just over a year.
Undoubtedly, the value drop was influenced by the model’s replacement with the DB12, which appeared in mid-2023. The new model received more power, an updated design, and a more modern interior.
Technical Specifications
However, this does not mean that the DB11 is not an impressive model. It is equipped with a 5.2-liter twin-turbocharged V12 engine producing 630 hp, paired with an eight-speed automatic transmission.
This case vividly illustrates the dynamics of the luxury car market, where even the best models can quickly lose value. Particularly interesting is that even minimal mileage and premium equipment did not protect against significant financial losses, which may be an important factor for future buyers of premium cars.
