FORD GT

I really like the look of this car, so when I went to Ford dealer for returning my leased Excursion, I talked to the sales manager there. He told me they sold 2 GT already in the price range of $200K. I thought this car was about $140K. I dind't know the authorized dealer can put that much premium to sell their car!! The car won't be serviced at this dealer, and he didn't know who does the service. I guess GT will require some special mechanics to maintain. It does make sense though.

Could you share the true story of FORD GT you know, especially how to get one?

 

Would you want the same 20 year old mechanic that works on a Taurus or Mustang working on your $150k+ car?

 

search the archives. lots of discussion of the insanity, which will not last.

doody.

 

Mike,
it's more like not feasible for each Ford dealer to have 1-2 mechanics just for GT, too. However, I thought it was odd that the sales manager of the dealer didn't know who services GT, I thought, especially since they sold 2 already, and GT was recalled.

Hi, Doody. How are you? Haven't seen you around. I did little search, but couldn't find any experience story on how to buy the car. (I did find GT forum, too) I was told that I have to put down $1,000 deposit, and bid for a car once it arrives. I've been reading magazines & all reviews I read so far are in favor of GT. I remember you posting before to show your interest. Did you buy one?

 

I've been following these things since I put my name on the "list" 2+ years ago. It turned out this exclusive "list" was nothing more than the "right" to bid $200k+ on the car. It does seem as though the insanity may be slowing down. Car #00079 all options red w/white sold in Austin for $226,900.00 in October. Highest VIN I've seen on Ebay is #00737, they now seem to be topping out in the 220 range. Not sure what the recall is doing to demand, certainly slowing the supply for the moment.

I'm trying to be patient, but I REALLY want one.

Where did you find a GT Forum??

Mark McKenzie

 

http://www.gt40s.com/

 

Recently two GT's have sold for $215K on Ebay. While I do think prices will come down to MSRP, at the same time I can't help but wonder. If 360s can continue to sell at a premium, even used ones, what would prevent the GT from doing the same? Ferrari made something like 11,000 360s over the past 5 years and Ford's only making 3500 GTs over 2 years. And these cars are roughly equal in MRSP. Thoughts?

 

those numbers are misleading. think through them:
* ferrari made 11,000 360s over five years - that's 2,200 per year
* ford is making 3,500 GTs over two years - that's 1,750 per year
* virtually all of those GTs are destined for the US market
* only 30% (roughly) of 360 production goes to NA (no GTs in canada) - so that's 660 cars per year in NA - figure 600 tops per year in the US

so ford thinks they can outsell ferrari 360s by nearly 3X for two years. it's not statistically likely.

[those numbers are all directionally correct, but rough - don't go trading stock on that math]

doody.

 

While the GTs may only be sold in America, that does not mean that foreign buyers won't be purchasing them.

When I sold F-cars, we had about 4 360 spiders at any given time that were going for $360,000. They often went for that much, as the owners of the store didn't want to part with them for less.

If a 360 spider can be sold for $200,000 over sticker two years after the model is intoduced, I don't see why the GT can go for $50,000 over sticker without finding buyers. Especially when, on paper at least, it seems to be a superior car.

 

Only Ford SVO dealers are authorized to work on the new GT. While I have learned to love the 360 after last years FFQC track event, the Ford GT still looks MUCH better IMHO.

 

spiders - of course the numbers decrease again substantially. probably about 30% of 360 production was spiders (based on 355 actuals for comparison). that means you're talking about 200 cars per year in the US - now you're nearing an order of magnitude delta to GT production - it's not entirely a rational comparison (it's not irrational either, but it certainly isn't apples to apples).

doody.

 

A while back, there was an incredible fury on one of the SVT boards, as a woman took her then-new '03 Cobra to her SVT dealer for service. The idiot service kid who worked on the car posted to the board about how he took it out and flogged on it. Of course, the owner was also a member of the board. Hilarity ensued.

 

Mark,
The one Napoli indicated already, and another one, which is not that active at http://p209.ezboard.com/ffordforumsfrm54. I feel the same way on putting the deposit for this car. You just get the right to bid, and someone will always outbid you if you try to pay MSRP. It's not really waiting period!

Doody,
You analysis is always interesting & logical. I estimate about 300 GT will be exported though. Japan & German shows strong interest on this car, according to some magazines. Hype factor in for this market, and I don't know how hyped GT is in the real world, not among car people. Does anyone getting them for investment?

Nibble,
I see your point, but it applies to more like second market, isn't it? Ferrari dealers are selling MSRP for people who were on the waiting list. That's what I heard from the dealer here.

I think it's not fair for GT buyers who have been on the list for more than 1 year does not get any different treatment from people just put down the deposit today.

SO IT IS TRUE that GT has not been sold around $150K yet, but in $200K so far. I thought it was bogus by the sales manager first.

 

Due to the $ vs. Euro sink in the recent years Ford can price the car at $140K Euro + destination charges and sell them at sticker in the euro market for a substantial profit if us buyers are scarce...

 

That's true with most FNA dealers, but the one I worked for was "special" .

One word: OGNER.

They were crooks. i posted a bunch of the stuff they pulled, and it's a lot, so I don't want to repost it all, but I'll tell you this. FNA forced them to sell their franchise after 30 years of scheistering. If they didn't sell, FNA was going to revoke the franchise.

Anyhoo, while we weren't supposed to sell them for over sticker, we did, and we sold a lot of them, primarily because we were the only people that had them.

here's what I think they did (it's what they did with the Barchetta): They would pose as buyers using fake names at other F-char stores. Their fake name would go on the waiting list, they'd buy their 360 at sticker, then put it on the showroom floor at $200,000 over. Like I said, we usually had at least 4 spiders on the lot, when every other dealership had zero on the lot and zero available in the pipeline.

Doody-

My point is that is people were willing to spend $200,000 for the Spider, why not $50,000 over for the GT? Yeah, they are two different cars, and Ferrari has the mystic around it, but for those "in the know", the GT40 has just as much street cred and mystic as does a new F-car.

I guess we'll see how it pans out a year from now.

 

There is a Ford GT in Manhattan Beach at South Bay Ford selling for just over sticker $150k.

Brad

 

Do you have more information on this car?

--Dan

 

For everyone else reading;

Their Sales Manager said they turned down 300k. Uh huh...

--Dan

 

Dan, whatever happened with your local dealer that had you first on the list to supposedly buy one at sticker?

 

I have a VERY hard time believing that Ford will only build the GT for 2 years with 3500 max.

As long as there is a demand and $$$ to be made on it, they will crank them out. I would expect some detail changes, trim options, more power and perhaps some decal changes all coupled with a minor name change like Ford GT Mk II or something. Then they bump the MSRP by $20K and build another 10K.


Terry

 

Not likely. In 2007, federal crash test requirements will change and the current GT would have to be redesigned to meet those standards. Considering the great lengths that Ford went to make the new one nearly identical to the original, I don't see that happening. Besides, Ford has already unveiled the likely successor to the GT -- the Ford Shelby GR-1.

 

So true

 

A "friend" of his who supposeldy had "first right" to the car decided to get it. Of course, I showed him our agreement to MSRP and his response was basically "whatcha gonna do?" - I don't know whether or not a transaction took place, or if he sold it at msrp or over (unlikely MSRP).

Not much can be done, though. Absolute cr@p. Every dealer you talk to will say "oh, well, you know the first one sold for 5xxk"

I'm with Doody on this one. Wait two years, pick one up @ 90.

--Dan

 

Bastards. All of them.

 

For what? Getting what the market can bear? Like you wouldn't? You'd sell yours for 137K while someone was willing to pay 225K. Somehow I doubt it.

Dan imo you and Doody are dreaming. Having driven one I can tell you this car is the real deal.