can anyone help give me a ballpark estimate on what the wholesale value of a clean 1981 308GTSi would be? thanks, red 4re
Ask that this thread be moved into the 308 Section, you have accidentally landed in Vintage. $21,550.00 wholesale $27,500 retail.... I just pulled that from the air, it's really about condition!!! See you in the 308 Section, we'll help you out...
I just sold a real cherry 1981 308 gtbi with 15,xxx original miles for $24,000. Wholesale price on a 308 = $15,000 - $20,000 Retail $20,000 - $25,000 The most expensive would be a 1976 fiberglass car with low miles, etc, perfect condition $35,000 wholesale - $45,000 retail
High teens? Really? How about something more realistic. 1981 FERRARI 308 GTSi Dsp/HP Eng Fair Good Exc Show Loan SPYDER (1,743 mfd) 1980-82 3.0/205 V8 21,000 27,000 34,000 40,000 24,000 Data updated May 2009. From Gold Book http://www.manheimgold.com/car_lo.html
High teens is realistic for an average '81 US 308, WHOLESALE. Even the numbers you show, says $21K RETAIL for a "fair" car. Although unless the "Gold Book" is prepared to cut a check for $34,000 for an "exc" '80 308, their numbers mean little to nothing anyways. As we all know, a nice '85 308 QV just sold for under $25K this week. Also, if you want actual WHOLESALE sales numbers, the last 2V 308 to pass through Manheim was an '81 GTS red/tan sold at Manheim Riverside on 7/6/09 with 39K miles for . . . . wait for it . . . $18,250. Boom.
[This was before I read this thread!!!] And it's a very nice example, see this: http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=260469025924 A lot of paint and interior work, so it's well worth it.
From what I have seen from following the market the last couple months dealers and wholesalers (ie wholesale price) are not going to pay anything more than the mid-high teens for an 'i'. Sorry if this is not what you want to hear, and perhaps this seems low based off of past prices, but right now that is all you are going to get in the US.
Still for average Joe not many available in 20k range. Whole sale maybe but that's only going to be a lucky few that have access to those, like a dealer.
Yes $25,000 for a car with an accident and on a estate sale. Did you even read the description of the car? One car does not represent the entire population. Check www.nadaguides.com Ka-boom buddy.
Not trying to pick a fight or take sides here but the question posed was about wholesale prices. An estate sale exemplifies the type of sale that is going bring in wholesale prices. NADA is not going to be relevant and/or accurate regarding this debate. Why rely on books when you can see for yourself what the market is doing by checking out the completed listings on Ebay. I just did and there are currently 9 completed listings for 'i's. Of those listings there is only one car that had a bid over $20k and that was the car referenced earlier in the thread which appears to be almost as nice of an 'i' as you will ever see. Also it does not sound a dealer or wholesaler purchased this car. There were plenty of bids/offers on a several of these cars and I guarantee that of those lowball bids many were made by dealers and/or wholesalers. Dealers or wholesalers are just not willing to break that $20k figure in the current market for an average 'i'. It blows my mind how people always rely on books values, appraisal opinions, and the like to put a value on cars, homes, boats, ect when in just a couple minutes with an internet connection you can see the market right in front of your very own eyes.
IMHO: There are "good deals" out there, and there are those who unfortunately are in trouble due to the economy, low numbers in the teens and twenties are very condition dependent. I offered my 81 GTSi (vgood/exc cond - books / tools/ no stories) for sale about a year ago, and pulled it from the market. I got some 29K offers, but I know what's there, and think it's worth more based on looking at other cars. I'm holding on for 32K. We all know how easy it is to stack up 10K + in parts alone freshening up one of these beauties. Again, it's very condition dependant. I think a dealer probably wants to make 3 - 5k for flooring, marketing and profit, so that would put my wholesale guesstimate at 27-29K.
Yes, it is very condition dependent and you have some good real world numbers to play around with, but I think you are not adding them up correctly. Correct me if I am wrong but it sounds like the offers you got were from private parties not affiliated to dealers. If this is indeed the case than the private party value for your car last year would have been $29k. Now subtract $3-5k from that figure and you have the wholesale price. That puts you at $25-26k a year ago for an excellent which sounds about right. Now I would say that the market is probably down somewhere around 10-20% from a year ago.
Ok, you got me. ebay is the best and only way to gauge the price of cars. I regularly check ebay and others, and I just haven't see those 308 GTS being sold on the high teens. But if you see one, you should buy it.
But eBay is retail. Dealers want 20% or better margin. Dealer auctions go as deep as 50% off retail to cover unknown condition. Sale price is determined by how quick do you need the money and what is the condition of the car plus the amount of exposure the car has had.
Great point! This is a very important piece to the equation, which also has the odd effect of getting "stale" and suspicious if marketed too long. Also mentioned is that prices have dropped 10 -20% in the last year. This has got to be economy driven as the cars aren't getting more plentiful, less technically cool, or less beautiful. More of my biased opinion. Long live Ferrari Chat!