How Many GTs Left?


Automotive8r

Well-known member
Feb 8, 2007
237
The cars that have appreciated have been produced in limited numbers, hundreds not thousands.

Take a look at Ferrari's, or even Panteras.

Folks that are expecting to get rich off their FGT's will be in for a rude shock.

If Ford introduces the replacement for the FGT our values will dive downward exactly the same as when Ferrari introduces their next model.

With all due respect Sir B O N Y,

I don't think FORD can or ever will REPLACE the FGT. Nothing else has the history and significance. IMO they should never try to do it again(the FGT). If they build the GR-1 or the Cobra, I don't think that it will affect the FGT. They are all totally different animals. They may be on the same farm, but they all have they're place. From my understanding, the GR-1 would be half the $. I'm sure it would not perform close to the FGT either. As you know, my family is deeply rooted in the Ford system and maybe my hopes could be playing with my sense of reality. "Love is Blind" I think Ford is on an upward path to profitability. The big hurdle is the $ going to UAW, does Toyota or Honda have those same expenses? I don't think they are union workers are they? Okay, I'm goin' off path. Happy Turkey Day to you and yours!
 

GT35065

GT Owner
Mark II Lifetime
I doubt Ford is going to be able to one-up the GT any time soon, given their current financial condition. I do agree with Bony on any thoughts of quick appreciation on the GT. They may be worth four or five times what they are worth now in 20 years, but I think the carrying costs and opportunity cost of money tied up in the car will pretty much negate any gain. I do think they will hold their value more than most any current car out there.

Also, one can't forget about the value of rationalizing what a fine investment these cars are going to be when telling the wife you just bought one:thumbsup.

Rick
 

usmcfred

GT Owner
Mark II Lifetime
Oct 26, 2006
546
Massachusetts
DeTomaso Pantera

My 2 cents, Pantera's were awesome in their day, I tried to by one for years that a guy let sit and rot in Delray Beach, FL for years. Never would call me back. I think the Ford GT has a more timeless body style, and the heritage from the 60's that people will always remember IMHO. This may make the GT more "collectable" than a Pantera.

Rick

Approximately 6,900 Panteras were made between '71 and '74 and had a MSRP around $10k. Most were exported to the US and it is likely no more than 1/3 to 1/2 have survived the ravages of time, wrecks and the infamous Italian tin worm.

Good, well cared for examples with their original 351 Cleveland V8 and no rust sell now between the high $20's and mid $40's. Unmolested cars with "normal updates" (mostly, rear inner panel rust repairs, GM master cylinders and more efficient cooling fans and/or radiators) generally command a premium over the highly modified boy racers with rear wings, chrome wheels and the like. I bought my still very showroom stock Silver '72 "pre-L" Pantera THPNMA03041 in '73 from the original owner with only 8,000 miles on the clock. I've put another 35,000 miles on it over the intervening 35 years, most of it in the '70s when it was my only ride for a time.

The Pantera is a fast car that's fun to drive with excellent handling and a light steering feel ... much like the Ferrari Dino ... however it is considerably less refined than the Ford GT and is prone to rust, most importantly at the rear suspension attachment points, so any comparison between the two, beyond their FoMoCo connections, copious power and the mid-engine layout, is not really germane.

I would not use the 3X to 4X increase in (non-inflation adjusted) "value" of the Pantera as any indication of the future selling prices of the FGT ... that would just be an exercise in mental masturbation rendering any conclusion meaningless.

usmcfred
 
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B O N Y

MODERATOR & FGT OWNER
Mark IV Lifetime
Sep 5, 2005
12,110
Fresno, Ca.
Fred,
Collectables are highly predictable. Just like the Pantera was a state of the art design, our FGT is modern design today. Is our FGT state of the art, hell no, one goes to Italy for that. The FGT's value will mirror that of the Pantera.

Now, that being said, I would rather have a highly modded Pantera than a stock one.

I sold my Pantera, do own a Mangusta which is a pretty beast, not nearly the driver the Pantera is.

I bought my Mangusta at Barrett Jackson at the Petersen. The previous owner had $225k opf receipts, and I paid $55k for it.
It is highly modded little slut of a car, not a ballerina but a chorus girl that turns tricks on the cornor.

I bought the FGT because I wanted it. My investments are in diversified stocks, bonds, real estate and my companies.
 

Joehand1

Tungsten GT Owner
Sep 20, 2007
600
Hattiesburg, MS, USA
Bony is right in the respect that the GT is not really an investment, but it also isn't depreciating like a falling rock as other exotics are.

So, I rationalize it as it is the least stupid 170k car you can buy. :cheers
 

AZGT

GT Owner
Mark IV Lifetime
Dec 20, 2005
1,354
Scottsdale, AZ.
I have several neighbors that own Ferrari's, and they don't know where the dipstick is.

I could really go to town with that "...they don't know where the dipstick is" line, but ........

OK, you won't, but I will. All they need to do is look in the mirror :biggrin

I think you only get one life to live , So for me, to celebrate life,is to drive it !!

Absolutely - told someone the other day that my car has 6K miles on it. But they are not commuter miles. They are SMILE MILES - miles I put on when I said "I want to drive the GT". Every mile was because I wanted to, not that I needed to.

I sold my Pantera, do own a Mangusta which is a pretty beast, not nearly the driver the Pantera is.

You are my hero - I think that is the first car I lusted after when they were new in the show room.
 

Empty Pockets

ex-GT Owner
Mark IV Lifetime
Le Mans 2010 Supporter
Oct 18, 2006
1,362
Washington State
Bony is right in the respect that the GT is not really an investment, but it also isn't depreciating like a falling rock as other exotics are.

So, I rationalize it as it is the least stupid 170k car you can buy. :cheers


100% correct on all points, sir!:thumbsup:cheers
 

usmcfred

GT Owner
Mark II Lifetime
Oct 26, 2006
546
Massachusetts
I bought the FGT because I wanted it. My investments are in diversified stocks, bonds, real estate and my companies.


Ditto on FGT purchase and investment philosophy ...

Everyone should stop guessing about FGT values and enjoy their car(s) whichever way rings their bell ... driving the hell out of them, as garage queens or somewhere in between. The fact that they're still holding around MSRP is just nice.

On the Mangusta ... one of the most beautiful sports car designs of all time and superb eye candy, especially that split rear clam shell layout ... congrats on your purchase. As you know, the Pantera driving position takes a little getting used to ... but the Mangusta is even stranger. Typical early Italian automotive with style generally taking precedent over function. But I'd certainly welcome one in my stable, parked in my shop between the Pantera and the Dino. Fred
 

roketman

GT Owner
Mark IV Lifetime
Oct 24, 2005
8,086
ma.
As I have stated before....The only investment the FGT is enjoyment!!
In 1 year or so of ownership I put 8k on her !!
Back to my mom, she says where have you gone to put 8k on her??
Like AZGT would say anywhere any excuse to drive her ! I use her ,well for any mundane stuff like, well anything!!! Sunday paper ,pharmacy , picking up 1 of my kids from school or a social event. In a matter of 2 pickups at after school activities I became the cool dad!!! My son said I moved him up the social ladder!!There's another reason the GT's a good investment!!!Now my daughter even wants me to pick her up!!! Who can put a price on that!! Anyway mundane stuff isn't so mundane when you take the GT!!
We are clearly an odd sort of people who enjoy and care about cars! I find it interesting the folks in my life who are constantly baffled that I still care about and enjoy cars and everything that goes with them! They have a point . Their right I guess?The fact most people don't understand why I love my GT so much,becomes one of my few virtues . I CAN'T EXPLAIN IT !! I like the feeling of a secret that I too don't really understand.But its so enjoyable ,irrational and I love being Ron !!
That's a great investment ...in my mind !!!!
 

Joehand1

Tungsten GT Owner
Sep 20, 2007
600
Hattiesburg, MS, USA
Ron is right on all counts.

I know we must have done something right in life as we own a car that costs about 5-10 times more than a normal car.

But cars, especially this one, are something we have loved since we were kids. (I bet I'm not the only 50 yr old on this forum that had a Gulf Blue HO slot car Ford GT in 1967.)

I know many people with more expensive and crazier hobbies...half million dollar Tennessee Walking horses, $300k fishing boats and half million dollar fishing and hunting camps, yada yada yada....I could care less about that stuff.

No, this is my hobby and I don't regret buying this car one bit :biggrin
 
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AlohaGT

GT Owner
Mark IV Lifetime
Jul 13, 2007
1,600
Honolulu, HI
We live directly across the street from the Ferrari, Lambo, Maserati, Lotus, etc., dealership. Just beyond this store is my Porsche mechanic with at least a dozen Porsches at his shop at any given time. Supercars & wannabes are a daily occurrence on the street around here. On the other hand, never have I seen a rolling FGT in the entire state.

Despite the fact that there were a few thousand produced. I can hardly think of any contemporary car with rarer sightings...and certainly with more passionate reactions. On Thanksgiving, my wife & I decided to take advantage of the light holiday traffic and drive to the North Shore to have breakfast and catch the Triple Crown of Surfing. Everywhere we stopped the usual crowds gathered and as we drove the big thumbs up (and of course shakas) and camera phones pointed in our direction. As we made our journey along the coastline, enjoying the scenery and open roads; we stopped at this particulary scenic and somewhat isolated spot to take in the views and snap a couple photos. Off in the distance, we saw this man down the beach a ways waving his arms frantically trotting towards us. Long story short, this gentleman in his late 50s with only his bathing trunks and camera on was visiting from the UK. He shared with us that the last time he saw a GT40 was in the 60s and that he told his friend (whom he left far behind on the beach) that ours was the real McCoy and not a kit car. I think he snapped out the rest of his film roll and his smiles were from ear to ear.

I recall a couple comments made by wife during our drive: "Is this what it's kind of like being a celebrity?" and "You make so many people happy and bring back such fond memories."

I drive the FGT as often as possible, first and foremost, as it brings me such great enjoyment. If there ever was a car that was meant to be DRIVEN, This Is The One. Second, as it brings as much joy to others as it does me.

So, whether you adore yours as a garage queen that never sees the light of day like EP's or you delight in your daily driver; to each his own and we're just fortunate to be able to call it our own. And at the end of the day, and that end will be somewhat different for each of us, if our FGTs have appreciated a bit - then what a bonus on top of an incredible ownership experience!
 

paul b

GT Owner
Nov 2, 2006
810
I think owners are too close to be objective, we all have our opinions. If our cars have positive appreciation I think that just says that the general public gives this car the thumbs up. If any car has the credentials to be a classic I thought the DeLorean was it, but it just kinda sits out there.
 

B O N Y

MODERATOR & FGT OWNER
Mark IV Lifetime
Sep 5, 2005
12,110
Fresno, Ca.
How many DeLorean's where built, how many remain. Saw a beauty at RM this year at their Monterey sale.... the price was market correct for what may be the best one in the world.
 

paul b

GT Owner
Nov 2, 2006
810
About 9000 built, 6500 left. Average price $36000 (wikopedia)
 

B O N Y

MODERATOR & FGT OWNER
Mark IV Lifetime
Sep 5, 2005
12,110
Fresno, Ca.
What was the average selling price when introduced?
1983=34,000
1982=29,825
1981=27,500


Conclusion, if you bought this car for an investment, your upside down. Better to have bought a cd.
 
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B O N Y

MODERATOR & FGT OWNER
Mark IV Lifetime
Sep 5, 2005
12,110
Fresno, Ca.
1981 3=17,200 2=22,700 1=29,800
1982 3=19,500 2=25,000 1=33,600
1983 3=22,200 2=27,100 1=37,000
3=condition is excellent car that can be shown proudly
2=ready to win class at local car show
1=fresh restoration ready for Peeble Beach
 

Empty Pockets

ex-GT Owner
Mark IV Lifetime
Le Mans 2010 Supporter
Oct 18, 2006
1,362
Washington State
How many DeLorean's where built, how many remain. Saw a beauty at RM this year at their Monterey sale.... the price was market correct for what may be the best one in the world.


Good point, Bony, but, how desireable is a DMC vs. FGT either as a car OR as a "collectable"?

No offense intended to DeLorean owners (I WAS one after all!), but the DeLorean has limited appeal to a very few - as did/does, say, the Bricklin.

The FGT will very likely ALWAYS have high appeal to a very large group of enthusiasts, and as the FGT numbers dwindle, what will happen to their price because of that? (Supply & demand, and all that "mkt" stuff.)

But, who really cares? If they go UP - they go up. If not, I don't intend to loose sleep over it. 'Never did!:biggrin
 

Empty Pockets

ex-GT Owner
Mark IV Lifetime
Le Mans 2010 Supporter
Oct 18, 2006
1,362
Washington State
So, whether you adore yours as a garage queen that never sees the light of day LIKE E.P.'s" or you delight in your daily driver; to each his own ...



Do I sense a "slam" there?????:mad

Dat's it, Aloha! 'Muskets at 300 - no! - 400 yards! 'My place! Next Sattaday! High noon!

(Better yet, 'YOUR place. It's gettin' colder than an Alaskan well digger's butt around here right now...)
 

B O N Y

MODERATOR & FGT OWNER
Mark IV Lifetime
Sep 5, 2005
12,110
Fresno, Ca.
Larry,
The point is enjoy the car. Who knows what folks will be saying in 25 years from now about the FGT? My point is that cars that are made in quantity will NEVER become real collectables... There are no more DeLoreans... take a look at their value.
Take a look at Panteras, same song and dance.
Oh by the way, I love my FGT, just understand the collector car market, after all I have been writing for years for HEMMINGS, SCM, CAR COLLECTOR, VICTORY LANE and buying and selling cars for several decades.
Take the damn car out and enjoy it.
Cheers,
daniel
 

Joehand1

Tungsten GT Owner
Sep 20, 2007
600
Hattiesburg, MS, USA
Larry,
I don't think anyone meant anything. We all love our cars, and I said in an earlier post, yours will be the last one standing in 2019. :cheers