Ford GT crushes Ferrari in resale value....

Others have already pointed this out - the car is being bought by a collector, not a driver. I suspect the Ford GT is getting these prices because they represent something people don't expect Ford to make again.

In comparison, Ferrari has, is and will continue to make supercars by the thousands so that tends to keep a check on the resale prices of their older regular models, unless they have some rare and limited quality.

It's not a realistic comparison. 458s are still being made - LOL!

 

I could accept the $377K price tag if the proceeds went to a worthy charity as it would be a tax write off but if not, no way. I like the cars but not that much. Now if that fiesty ol' chicken farmer was still with us and built continuation models the price could be justified.

 

1000% Correct my friend

 

concerning auction results from this weekend I hope an Fchatter posts all the reults somewhere

 

From another thread:

 

My all Black GT arrived yesterday

 

Post Pics! Congrats.

 

This isn't Edmunds, we aren't here to discuss which car has the highest resale value. Maybe kbb or edmunds have forums where that stuff is relevant.

 

Well said.
I have a spot reserved for a FGT. One of these days.

 

Agree +1

 

LOL, there are discussions of value in every sub-forum here.

 

These "market value" posts occur on the Ford GT forum from time to time. Same thing happens here with certain Ferrari models. The real car guys drive their cars and don't worry so much about market value. When the market is up everyone is happy and euphoric. I feel that way about my two Enzo era Ferrari's, but part of me hopes for a correction. There are cars out there that I was interested in, and now they are out of reach.
With respect to the GT, a couple of auction results for essentially never driven "paper weights" does not define the market. Not sure what my 37k mile FGT is worth....don't care. I guarantee I've had more fun than a guy who just looks at his car. Just looking forward to our FGT national rally in Sonoma in 2 weeks.
Generalizations about a FGT "crushing" some other marque's resale value are off base. There are between 2500 and 3000 intact (read non-storied) FGT's in the US. It's American made and every Bubba knows what it is. The US public views the FGT differently than a foreign exotic. Ford won't ever go there again production wise due to crash testing rules etc. These factors help drive pricing. Hard to compare the FGT to a brand that makes over 10000 units of each model (360, 430, 458, etc). You could compare the FGT valuations to limited edition Ferrari's like the Enzo, 599 GTO I guess, but it still would be an apples to oranges discussion.

 

About ten years ago I had a 360, and while it had plenty of grip, the balance wasn't the best. I also missed having a stick shift, after all, it had taken me long enough to learn how to change gear properly, so there was some joy in in using a gear lever.

Subsequently I moved over to a Ford GT, and as a driver's car, it is great. I've used mine a bit, including the odd Canada - L.A.- Canada run, so it is driven. The balance is better, the power is seriously impressive, and if you don't mind having your clothes steam pressed as they sit by the radiator, or being showered on when you open the door in inclement weather, it is wonderful. The chief drawback is that one needs an awful lot of clearance to get out of the car. Unless you can open the door full swing, the roof section that is attached to the door top will prevent you from actually getting out. You can't even clamber out of the window, I've tried.

I suspect that the high value of the cars (a Ford? Something that looks like a retro knock-off??) lies in a) the fact that it is really good looking, and b) in its lack of electronics.
What the 'lack of electronics' means, in simple English, is that without a nanny called 'traction control', you can spin the wheels like mad in the first two gears if you just floor the thing. Put another way, you can happily write your Ford off the first time you hammer down the loud pedal to see what she'll do.
I suspect that the pool of cars is evaporating as ownership changes hands from those that know the bite of the beast to those that assume the car can't swap ends in second gear. It very much CAN.
So, with less cars about, the value goes up...
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But those discussions aren't being used as dick swinging contests between various cars.

 

Right on Dave.

 

God forbid car guys get into ****** swinging contest! The humanity of such a thing! Unbelievable!

 

If showing off your manhood to other dudes is what you're into, don't let me stop you.

 

The GT is to Ford guys what the 288,F40,F50, Enzo and on is to Ferrari guys. There will probably never be a replacement. So it will be special to those of us who had posters of it. I don't want a non driver, but even the normal cars have been climbing.

 

Quoted for truth.

On one hand it's kind of fun to say to folks "Wow, these cars I have loved all these years are so popular now, just look what they sold for!". All the hoopla and glitter is exciting. But then one day you realize the "bankers" have quickly priced you out of the market on umpteen cars you thought you would surely own one day, and suddenly it's not so much fun. The only people who should be loving this are the auction houses.

 

Lame

 

I think the same thing when I read Sports Car Market and they document where and how much cars previously sold for. I appreciate the reporting but often it appears that many are doing exactly as you described. The swap intervals seem too close for enthusiasts but right for making money.

Very disappointing....

And this FGT is another example of the wrong thing to do with a car. Both by the seller and the buyer IMO.

 

If showing off ones blatantly obscured prejudicial perception of reality is relevant carry on.

 

Shouldn't you be slinging Rolexes somewhere?

For the record, I think the Ford GT is an incredible car. I also happen to think that starting a thread that bases a car's superiority on its resale value is childish and incredibly irrelevant. PT Cruisers and Mazda 6s were also selling above MSRP when they first came out. The market is irrational at times, but I'll bow out now and let you guys discuss how awesome a car is because JD Power ranks it highest in resale value.

 

These threads pop up because of the amusing level of snarkiness and snobbery a GREAT deal of Ferrari enthusiasts exhibited towards the GT during production. There were people forecasting the GT would be worth well under $100k, or even $50k, 6 or 7 years ago. Now that the GT is extremely sought after with rising values, it has become "oh who cares what they are worth." Some guys still can't deal with the fact the contemporary Ferrari models are worth a fraction of their MSRP while you can stuff a GT into a tree and it will still worth MSRP+, so they have to find ways to explain how the car is nothing special.

For the record, GT market is driven by people that love the car, not purely speculators. Of course there are some speculators, because there is no speculation to be had with modern Ferrari, Lamborghini, etc. You know what will happen when you buy it. Ask yourself how many GT owners have 2-3-4-5-6 or more? I have two friends, one that has 6, and another that has nearly a dozen. The value of the car is immaterial to both. They each spend more fueling their planes than they do buying GTs.