Used Ford GT future values

Comparing these cars to race cars (which do have history, racing heritage, etc.) is completely off base. FWIW, even of the many original race cars, only a segment of them carry million dollar valuations.

THIS IS A PRODUCTION CAR. It will and is depreciating like other production cars. People are reporting purchasing virtually new cars under msrp with consistency. To be a fan is one thing, but be realistic about what this car is.

It's NOT the fastest car around. It's not the prettiest car around. It's not the most expensive. In fact, it doesn't carry any superlative. Oh, for the money, it's got the crappiest interior around, sure. And it's one of the lesser usable ones. So - where does that leave it? As a pretty cool throwback of which there were / are / will be between 2000-4000 made.

Well, let's compare cars of similar production runs. There are supposedly about 5000 Maranellos around the world. The low end of the market has them trading at 40% of value after nine years. Or, another throwback car (and one that is far cooler, IMO): the Z8. There were only ~1500 of these made, and they're trading at ~50% of value after six years.

So we've got a car that has twice the production run, half the usability (poor mileage, smallish tank, cheap interior, ridiculous doors), a dubious build history, NO racing heritage or history or even challenge series type of run, and some "cool" factor. Yes, the argument for appreciation is what then? Unless someone goes on a mission to destroy 95% of the production run and corners the rest of the market, I don't see it happening.

I may be off about 40k in five years, but I'll be a hell of a lot closer than anyone claiming it'll be worth more than scrap metal in 20. Maybe if we have a 10 year streak of sensational inflation that makes Lira look like GBP.

--Dan

 

You compare these cars to a limited production supercar. Dont they make more then 4grand vipers a year? The ZR1 is not even a fair comparsion because the corvette has been around for 50 years but the GT would of been for sale a total of 2 years?

 

all of them were considered "keepers" among many others. how many zr1's were made ? 4,000 GT's produced is plenty. many of which will never see road duty and are garage queens.

i was not old enough, but from what i have read, cobras had to be discounted towards the end of their production run and in the early to mid 70's nobody cared about them. the instant classic craze is BS imho. only time will tell which cars are valuable and it will not likely be the same cars declared as such by the marketing jerks, etc as they roll of the assembly line.

regardless, values of GT's are going lower before they ever climb.

 

Bill,

You're right that as a model, the 550 comparison is wrong. Actually I didn't think there was any ferrari bias in there (I'm not proclaiming that 550s will be rendered classics one day) - just a general cynicism to the concept of "classic" production vehicles.

Actually, I think a better example is the Jag XKE. At the time, the world loved it. In many ways more than the Ford GT will ever be fawned over. And yet for all of their design, performance and regard - XKEs aren't million dollar cars. Not even close. A top *top* car will run you what, 150? Fastbacks are still 40-50.

With the introduction of the Ford GT spider (an abomination of, what I concur is a timeless line) - and the plethora of vehicles available to buyers today, I simply can't make a case for expanded valuation on this car. Ford did want to produce the CSX or CTX or whatever that car is called - they just can't afford to make a rational case for it right now.

At five figures, I think it's a wonderful alternative to any number of cars out there. I'd take one over any equivalently priced ferrari by a long shot. I just don't see the argument to call these cars that will appreciate or make it to "classic" status.

--Dan

 

Dan: I agree that they won't appreciate over time, I took offense at the idea that they would be $40k cars in 5 years. Many cars see values fluctuate over time. As someone said above, you couldn't give away Cobras at the end of their run. I used to work for a guy who was on the inside at Shelby-American in the day. As they were closing the operation Shelby called his inner circle into his office and offered them the remaining stock at cut rate prices. No one bought, because they expected him to give them a car for free. All have kicked themselves in the behind several times since.

In 1971, when I was 20, I was in the market for a car. I had $1500 to spend. I found three candidates, a Shelby GT 350H, an E-Type roadster and a Lotus Elan. I bought the Lotus. I have kicked myself in the behind several times since.

 

In 1982 my room mate was in the market for a fun car. He had $5000.

He wanted either a Hemi 'cuda or Challenger or a Lotus Europa TC.

He found a good Lotus and bought that first.

 

The XKE is a front engine 12 cyl roadster with wire wheels and 4 carbs etc...(sound like a familair configuration? ) but while I made some nice coin on it ..it never became a million dollar car and never will be. That said..I am really confused what to think drives the Dino 246 ( OK i bring this up on other threads as well) pricing?

 

I think 100k to 130k

I think it is way to unique. Even though I dont like them, the prowlers have held there value real well. I think the ford gt will be the same. There is always somebody who has to have it and keep it.

 

At the rate the wankers are crashing them, there will be 500 left by 2010. How's that gonna affect resale?

 

BMW produced 5,703 Z8's from 2000-2003. 2,543 were originally imported to the US. MSRP was ~$132k. I've been watching the Z8 market as a potential buyer and have noticed that even the early models with miles have been advertised in the $80k range. I think there will be a big "?" over future Z8 values until the frame issue is resolved.

 

Just curious what is thye "frame issue"?

 

G-force,

Here is a thread with some discussion on that:

http://www.ferrarichat.com/forum/showthread.php?t=90433

John

 

Thank you for the correction. I was always under the impression that the number was 1500. Perhaps it was closer to 1500 / year.

--Dan

 

At the nearly 6 year mark, how's that prediction working out?

 

Haha nice....they are still very special and excellent cars.

 

I'd say his prediction was about 2000% off. As of now, if one could find a nice lightly used one near original MSRP, they would be lucky. Mint delivery mile cars are selling well over sticker, and Heritage models are going hog wild.

 

+1000 Great Cars usually go up when you limit them.

 

I think we are near GT low prices right now. If the economy recovers in 6 years they will be a lot pricier.

Maybe I'll buy 2 in 2012

 

I thought that about 2 years ago, and they have continued to tick up. It is also getting harder to find a really nice car now a days.

 

I dont listen to your stock picks

 

check out prices on 60s Shelby GT350s back in 2006

GT prices are only going up especially once the economy recovers

 

Quoting again !

 

It might have done something to that nature if Ford had built successors continually to the GT. However, the GT is a unicorn.

 

Lol
Holy thread revival

These cars are great I wish my wife liked them more I would own one.


Z8's also mentioned have all gone above 100-120k as well.
Even with the frame issues BMW wouldn't really help with.