This looks to be the car that sold at Mecum Las Vegas. Quite a tidy profit if they get it. 2006 Used Ford GT 166 Miles at CNC Motors Inc. Serving Ontario, CA, IID 11129264
I'd rather have a superformance GT40 to drive and enjoy versus one of these which seem more like investments at this point
Summer of 2004 purchased our 355 F1 GTS. During Super Bowl halftime, they ran the commercial for the FGT. Thought to myself; as fantastic as the 355 is, the FGT looks like it will be a better car to have. Then found out the dealer mark up was well over $200K. Out of reach for us at that time and simply lost interest. As quickly as 6 years go by, decided it was time to purchase the Mark II Black Silver Stripe 4 option car with 5K miles for MSRP in 2011. Has been a great car and is always an arrival event most everywhere it is driven.
The Ford GT forum will be streaming the Reveal Monday morming at 9:10 EST. Auctions there after will be indicators of future demand.
And what a reveal it was... Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
And dealers can't wait to put in their show rooms with infladed pricing; the OPs for sale Heritage will not be impacted as its retro GT40 styling cannot be replicated under current USDT standards.
The ford website says the car will be in showrooms late next year. So essentially the car won't be available for nearly two years. No need to get worked up now.
https://www.facebook.com/hashtag/eliteautosllc?source=feed_text&story_id=801289106610690 cant wait to see it in Black.
The new GT is gonna bring down the value of the 05-06 GT for sure. The main reason for overinflated valuations was rooted in the belief that ford was not going to produce the GT any longer which is now no longer true. Owners of the 05-06 GT do not want to believe this but the market will speak for itself. The fact remains that the new GT is better in every way and the sole purpose for the argument of low build numbers making $150k Ford production car 2x overvalued is now debunked with a new generation bearing the same GT name, boasting the same "heritage" and marketing strategy whilst furthermore producing a better version of the car.
I disagree. The new GT is an eco friendly supercar with a 6cyl. I love the look and everything about the new car, but the 05/06 delivers a unique and thrilling experience that will never be duplicated, plus it's a very sought after car. Fact - Mecum just sold a red one this weekend for 300k. IMO prices will stabalize until they release pricing on the 2016, then the 05/06 will continue to climb over time.
You must be an owner of one. The 05/06 delivers an experience that is trying to copy a timeless original. Your position would be accurate had the 05/06 been the original GT which it is not. It is a copy or tribute to an original, exactly the same as the 2015 GT and every other GT to follow. The brief spike in valuation was due to the belief that the "tribute GT" as it was known of 05/06 would be the LAST of it's kind. Which it now obviously is not. The engine doesn't matter. The original GT had a NA engine, the 05/06 had a mustang engine with a blower so it was already deviating from the original. The new car will also have a FI engine so it's just an evolutionary step. Mecum's $300K was catching the trailing end of over-inflation. Once the new cars are out reality will settle back in.
^^^^ I disagree. The introduction of the Porsche 918 has served to help values of the Carrera GT just as the new Ford GT will not hurt the 05/06 values. Same can be said for the Enzo/Laferrari.
Again your argument is flawed by the fact that none of those examples were tributes to an original. Carrera GT and 918 are 2 distinct cars as are Enzo and LaFerrari. The GT is a tribute car to an original model, so it is not the same case.
^^^Who's buying, maybe you?? Sorry, but your speculation is just that and has no validity to the current market. The 05/06 follows the original GT in spirit and is part of a lineage that made astounding history for Ford. Hopefully the new GT will do the same. I can tell you that most owners I know will never sell their GT regardless of price flux. Another fact - At Barrett Jackson last week Ron Pratts Silver 05 serial # 003 sold for 550k!
^^^ Look I like Ford I had 2 Saleen Mustangs when I graduated from Engineering undergrad just over a decade ago. In fact I do like the GT, the original, the 05/06 AND the new one!! I would love to buy a GT and I do think it's a special car but it's a tribute car at the end of the day, no matter how we see it. I also feel that it's overvalued at the moment. Ron Pratt's collection, albeit pretty amazing, fetched some good numbers and some fell short, hey it happens. His silver GT was an exceptional example, it was a low mile car, and a very low Serial number, and it had his name/collection provenance all those factors mattered - plus he sold it now...Jan 2015 which is a great time to sell before the new ones hit the production line. Today's prices are not reflective of the nosedive these will take when the new ones arrive, just one guys prediction...of course only time will tell.
I don't think you can ever compare with the Ferrari world- its a unique thing. IMHO values of FGT will only go down if Ford makes way too many of the new GT. My guess is that number is somewhere around 2,500. I've been told by someone I can't name but who has a good bead on these things, they are only making 300 of the new GT. Of course this could be wrong but if they keep the number relatively low, I think owners of the 05/06 will be just fine. I'm sure Ford knows what its doing.
That's the other thing Sunir several people are just like yourself hoping the current GT market declines so they can jump in and own one. It's a very coveted car all across the globe. I say bite the bullet and find one now because I think they will only continue to rise over time, my humble opinion comes from seeing alot of wealth going into cars and collections.
I agree! These are folks that are hating that they missed a great buying opportunity! They might come down a tad. Most of us bought the cars because we truly love the car regardless of price.
I'm not hating at all, regardless of market timing. I could go for a GT or not, or invest the money elsewhere that's not the point. My point was strictly on a valuation basis, and citing an over value based on a premise of limited one time production of a tribute car. I've always liked the GT and Ford my first car out of college car was a Saleen mustang in early 2000's, but I like other cars also, and there are many other investment opportunities outside of cars but being a car guy it's always interesting to speculate on the market, historically tribute cars have not done well after the launch of follow on versions of the same tribute car when the key value proposition all along was based on limited build numbers. That's not the same for distinct models which are lower build numbers, for example 10 years ago a late 60's GTB 4 cam Ferrari could be had for under a half million...that same car now would fetch 3x that amount. Only time will tell whet the market does, for the GT and for all other auto investment grade vehicles.
