H
HHGT
Guest
I know as a whole many of the muscle cars prices have dropped, but now I'm seeing GT350s in the low $60K range and GT500s in the mid $70K range. I'm genuinely surprised, what's going on?
cobrajeff
GT Owner
They've definately fallen off a little, but not THAT far off.....must be a few distressed sellers, or cars that don't have a clean history in the SAAC Registry.
Jeff
Jeff
Mullet
FORD GT OWNER
Sam is right, I think you could even buy one for less with a serious cash offer. Oh, I'm sure these aren't 100pt cars, probably not in the registry, lack of docs and history most likely, but I'm reasonably confident they are real and they look great in the photos. Point is they are out there. I'm sure there are "fakes" but I'm not referring to them. A decent Mustang nut could tell a real from a fake. There was a nice 67 or 68 (can't remember) GT 350 fastback in Dallas about a year ago. Nice car that I know SOLD in the seventies and I think they are down from that. 4spd cars seem to bring a bit more than automatics. . Check Hemmings, Auto Trader etc.....and don't go by asking prices....make an offer.......lots of them for sale.
To quote GetBit about a new GT500KR
"Here is one in Katy, Texas for $65,500.00, brand new." Yes the new one is dropping in value and supposedly the old one is going up.......but HUGE difference in the cars. I think more and more people are like me. The new ones are just more desirable than the old, more fun, dependable, more power, just better all the way around.....except depreciation.
Other comps at $70K........a super low mile 07 Z06 in the low forties (one for sale near me 10K miles $42K....I offered $40 won't take
it YET)) and a brand new GT Mustang (negotiated off sticker) =$70K
A used 2007 coupe and convertible GT500s = $70K
I feel the same way about old Vettes. You can spend the same money on a used 05-06 C6 from low twenties to 40-50 for a mint 07-08 Z06 (08 has the nice carbon fiber interior trim) or now creeping down 90K area for a used ZR1 (I'm still not doing that....rather have 2 Z06s or 4 C6s lol).
To quote GetBit about a new GT500KR
"Here is one in Katy, Texas for $65,500.00, brand new." Yes the new one is dropping in value and supposedly the old one is going up.......but HUGE difference in the cars. I think more and more people are like me. The new ones are just more desirable than the old, more fun, dependable, more power, just better all the way around.....except depreciation.
Other comps at $70K........a super low mile 07 Z06 in the low forties (one for sale near me 10K miles $42K....I offered $40 won't take
it YET)) and a brand new GT Mustang (negotiated off sticker) =$70K
A used 2007 coupe and convertible GT500s = $70K
I feel the same way about old Vettes. You can spend the same money on a used 05-06 C6 from low twenties to 40-50 for a mint 07-08 Z06 (08 has the nice carbon fiber interior trim) or now creeping down 90K area for a used ZR1 (I'm still not doing that....rather have 2 Z06s or 4 C6s lol).
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H
HHGT
Guest
Cobra1339 and myself are checking a 69 GT500 Automatic 2 owner car with paperwork since day "1" on Saturday. I talked to the owner and he told me first guy that shows up with $75K takes her. Supposedly has all the original Chalk marks on her too.
Also looked at a 68 GT500 for $65K all original with loads of rust which did not really scare me as much as the cost of restoration when you can buy one already done for a lot cheaper. The car was sold to someone in Belgium for less than the asking price.
65 & 66 GT350 are still bringing strong money though.
C2 Corvettes have seriously dropped as well. Very nice 63 SWC NOM are fetching high $30K to low $40K
E-Types are in the $hitter as well. Im looking at selling my CNC Cobra and finding a Series 1 E-Type Roadster. Anyone interested in a nice Cobra, let me know. I bought it cause I had the itch and now the itch has gone.
2009 GT500KR Blk on Blk with Flat Blk stripes still on MSO. $88K MSRP was offered to me at $60K. I contemplated it but decide may be a 60's Shelby is the better way to go. At least I wont take a big hit when the itch has gone. The new Mustangs...Sorry I HATE the rear end of the car - sorry guys - its beautiful from every other angle.
I think the whole Muscle car thing has cooled down a lot. Not sure if it has hit bottom though. Chris is dead on with his assessment.
Also looked at a 68 GT500 for $65K all original with loads of rust which did not really scare me as much as the cost of restoration when you can buy one already done for a lot cheaper. The car was sold to someone in Belgium for less than the asking price.
65 & 66 GT350 are still bringing strong money though.
C2 Corvettes have seriously dropped as well. Very nice 63 SWC NOM are fetching high $30K to low $40K
E-Types are in the $hitter as well. Im looking at selling my CNC Cobra and finding a Series 1 E-Type Roadster. Anyone interested in a nice Cobra, let me know. I bought it cause I had the itch and now the itch has gone.
2009 GT500KR Blk on Blk with Flat Blk stripes still on MSO. $88K MSRP was offered to me at $60K. I contemplated it but decide may be a 60's Shelby is the better way to go. At least I wont take a big hit when the itch has gone. The new Mustangs...Sorry I HATE the rear end of the car - sorry guys - its beautiful from every other angle.
I think the whole Muscle car thing has cooled down a lot. Not sure if it has hit bottom though. Chris is dead on with his assessment.
Chris A.
GT #32
H
HHGT
Guest
Chris A.
GT #32
There's plenty out there Sam...I bought mine from the original owner here in CA...still have the original bill of sale from '65. Be careful when buying though. There was a time when these cars weren’t worth much and they were used and abused by everyone. And fixing rust on a unibody can get expensive too.
Sam, I too would like a nice E-Type roadster...preferably a 67. I like the glass headlights and 6-cyl. I prefer a/c and red in a perfect world. I want to buy it in this DOWN market. Need to find a motivated seller. Also on my possible purchase list.......67 Vette Convert numbers matching, quality car, prefer 435hp.
56 Ford F-100 Custom Cab resto-mod with late model drivetrain done right. 40 Ford pu Deluxe restored. 69 Camaro Pro-street done right...preferably black. 72 Cheyenne Super short wide bed restored right...prefer black, must have a/c. 09 GT500KR for about $50K...prefer black above exactly as you mentioned.
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BlackICE
GT Owner
I agree with you 100% on this one, but we still have some differences in opinion regarding some BMWs.
2112
Blue/white 06'
H
HHGT
Guest
I'm beginning to suspect my wife have shared my wish list with you. :willy:willy:willy
My son has zero desire for a 1966 GT350.
Gentlemen,
In addition to today's disastrous economy, I believe demographics are playing a role here as well. The huge run-up in prices of 1960s era muscle cars was fueled by those of us who could not afford them when they were new and have finally achieved a level of financial success which enable us to purchase as an old man the cars we desired but could not purchase as a young man.
There was a time in the late 1970s and 1980s when those muscle cars were desired because their performance was superior to anything available in the post 1972 catalytic converter choked, performance free smog mobiles with their massive bumpers and diminutive horsepower numbers. But that has certainly changed today as many new four-door family sedans possess horsepower and acceleration numbers that would humble some of the hottest 1960s muscle cars and even the most pedestrian modern economy cars possess handling prowess that makes a Hemi Barracuda's tire squeeling, massive lean angle theatrics feel about as nimble as a school bus. The only reason left to desire those 1960s muscle cars is nostalgia, for the styles of that bygone era and an opportunity to recapture a small part of our youth.
Our children and our children's children did not grow up lusting after those cars and will not seek them out as we have. Perhaps when they're older they will treasure a Subaru WRX, Mitsubishi Evo, or a 2010 5.0 Mustang, all of which will blow virtually any 1960s Shelby Mustang into the weeds. I believe this is the reason that early two seat Thunderbirds have declined in value and are no longer appreciating. When we get old enough, we either die or lose interest in acquiring the cars of our youth. And as demand for a particular era's automobiles declines, so do their prices. I'm not speaking here about extremely limited production cars like the Duesenberg or gullwing Mercedes-Benz who will always have a fresh supply of new devotees. More common automobiles like the 1960s Shelby Mustangs have their heyday when men who were born in the late 40s, 50s, and early 1960s reach their maximum earning potential and that is right now.
I believe that 25 years from now, when a lot of their rabid devotees are gone, Shelby Mustang values will diminish, at least in relative terms to other autos that the Generation X members desired when they were teenagers. That's my take on it.
Chip
Gentlemen,
In addition to today's disastrous economy, I believe demographics are playing a role here as well. The huge run-up in prices of 1960s era muscle cars was fueled by those of us who could not afford them when they were new and have finally achieved a level of financial success which enable us to purchase as an old man the cars we desired but could not purchase as a young man.
There was a time in the late 1970s and 1980s when those muscle cars were desired because their performance was superior to anything available in the post 1972 catalytic converter choked, performance free smog mobiles with their massive bumpers and diminutive horsepower numbers. But that has certainly changed today as many new four-door family sedans possess horsepower and acceleration numbers that would humble some of the hottest 1960s muscle cars and even the most pedestrian modern economy cars possess handling prowess that makes a Hemi Barracuda's tire squeeling, massive lean angle theatrics feel about as nimble as a school bus. The only reason left to desire those 1960s muscle cars is nostalgia, for the styles of that bygone era and an opportunity to recapture a small part of our youth.
Our children and our children's children did not grow up lusting after those cars and will not seek them out as we have. Perhaps when they're older they will treasure a Subaru WRX, Mitsubishi Evo, or a 2010 5.0 Mustang, all of which will blow virtually any 1960s Shelby Mustang into the weeds. I believe this is the reason that early two seat Thunderbirds have declined in value and are no longer appreciating. When we get old enough, we either die or lose interest in acquiring the cars of our youth. And as demand for a particular era's automobiles declines, so do their prices. I'm not speaking here about extremely limited production cars like the Duesenberg or gullwing Mercedes-Benz who will always have a fresh supply of new devotees. More common automobiles like the 1960s Shelby Mustangs have their heyday when men who were born in the late 40s, 50s, and early 1960s reach their maximum earning potential and that is right now.
I believe that 25 years from now, when a lot of their rabid devotees are gone, Shelby Mustang values will diminish, at least in relative terms to other autos that the Generation X members desired when they were teenagers. That's my take on it.
Chip
Gulf GT
GT Owner
BlackICE
GT Owner
Chip, as usual, well said!
I sometimes, lust for a Mustang Mach 1, or Cuda, but I know that they drive worst than most modern sedans and I don't have the garage space. So they remain in my mind, but not in my garage.
I sometimes, lust for a Mustang Mach 1, or Cuda, but I know that they drive worst than most modern sedans and I don't have the garage space. So they remain in my mind, but not in my garage.
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2112
Blue/white 06'
Flatrod
GT Owner
After Chip's words I better sell that 66 GT 350 in the garage while I can!!
But I have to say, the new Shelby's don't do anything for me, sure they are faster, but I would rather have the old ones!
But I have to say, the new Shelby's don't do anything for me, sure they are faster, but I would rather have the old ones!
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Cheap & Fast is good too.
Flatrod,
As I am an old man, I would rather have a 66 GT350 than my 2007 Shelby GT/SC too. But if you ever make it to Scottsdale, you can drive my Shelby Mustang and I guarantee it will do something for you. Equipped with a Whipple supercharger putting out 550 HP and 400lb lighter than the GT500, these Shelby's are blisteringly fast and riding on their very stiff Ford Racing suspension it handles like a slot car on smooth roads. On a rough road it will rattle your kidneys out. A real sleeper, I've had BMW M-6 owners, M3, M5, 911, GT500, AMG, and Corvette owners all give it a go from a stop light and the little white Mustang has never been bested. Loads of fun AND.....they are CHEAP. Under 40K. Used w/ low miles, about 25K. Gotta like that!
Chip
Flatrod,
As I am an old man, I would rather have a 66 GT350 than my 2007 Shelby GT/SC too. But if you ever make it to Scottsdale, you can drive my Shelby Mustang and I guarantee it will do something for you. Equipped with a Whipple supercharger putting out 550 HP and 400lb lighter than the GT500, these Shelby's are blisteringly fast and riding on their very stiff Ford Racing suspension it handles like a slot car on smooth roads. On a rough road it will rattle your kidneys out. A real sleeper, I've had BMW M-6 owners, M3, M5, 911, GT500, AMG, and Corvette owners all give it a go from a stop light and the little white Mustang has never been bested. Loads of fun AND.....they are CHEAP. Under 40K. Used w/ low miles, about 25K. Gotta like that!
Chip
Attachments
Except for depreciation......
1. New(er) is better. Dependability is a big issue to me. Old cars break down more than new. Way less comfortable and way slower.
2. Prolly said this before here.... Bill Gates doesn't have enough money to make a new one out of an old one.
3. Aesthetically I suppose beauty is in the eyes of the beholder. I prefer young to old....wait a minute....what are we talking about here? lol
1. New(er) is better. Dependability is a big issue to me. Old cars break down more than new. Way less comfortable and way slower.
2. Prolly said this before here.... Bill Gates doesn't have enough money to make a new one out of an old one.
3. Aesthetically I suppose beauty is in the eyes of the beholder. I prefer young to old....wait a minute....what are we talking about here? lol