Shelby Market Conditions mid to late 07

My opinion, dropping as the stock market rises. I think the two are connected. I'm a Bull, so don't look for a spike anytime soon.

 

Depends on the crowd (ultra rich guys looking for bragging rights - to dealers - to individuals) but I feel comfortable that the prices are softer and many of the middle cars will decrease at the auctions.

This last week the vast majority of money that I saw at an auction and out side (buying individuals cars) was from overseas where the buyers are taking advantage of the weak dollar. Next (for the ultra rich and the dealers) week Monterey will give us an idea if that crowd of dealers thinks there is any up side in the near future and if the money people are moving on to sail boats, race horses or something else.

IMHO not the time to sell if you got in before the rise and not the time to buy yet if your out. If you bought on the bubble - oh well someone has to

 

Definitely down from Barret 2006 but long term I think it's fine. My guess is that a lot of the quality cars are being held on to and the stuff you see on ebay and elsewhere is not the cream of the crop. Most of the big deals seem to happen through private sales. People are not buying crap.

I do think all the new Shelby/Ford cars are going to help the originals. It opens the market to new buyers who can only afford a 2008 KR for $50k+. That same buyer may be able to afford the 1968 version down the line or another original Shelby.

Mike

 

I agree with pete( Hi ) and snakepit . i think it depends on the stocks and shares, but i think the dollar has alotto do with it . even i want to get hold of a 65-66 project car ! so if you no of anything send me a pm !
John from over the lake !!

 

Based on what I have seen my driver quality 67 GT350 has probably lost about 20% in value in the last year.

A year ago any drivable, shiny 67 GT500 was at least a $140K car. At recent auctions they have been letting them go for $125K and NONE of them are getting bid to $200k. I also read of a 67 GT350 selling for $90K.

Do I think that they are suddenly going to lose 50% of their value? No. But the bloom is definitely off the rose and if you really, really want to sell a car then you have to use this year's prices, not last year's.

Oh - if you own a clone, tribute, Eleanor, etc. - you are about to get pounded. I would say that you heard it here first but Keith Martin (Sports Car Market) beat me to it.

 

The muscle car Market is cyclical and and goes up and down like anything else. People panic, sell on the way down and at the bottom. If I didn't already own 3 Shelby's I would buy two more really nice cars this year for a descent price and enjoy them and hold on to them.

Sure, we have seen a decline in prices but the quality of the cars being sold is not what it was in 2005 and 2006. The 2007 and 2008 Shelby's are really going to create new buyers and more demand for all things Shelby long term. So if you are sitting on a nice car, I would sit tight for a long time.

As for clones and Eleanors, different buyers, different price point. brand new GT500E's are still selling for $200k+ depending on options. I am waiting for the new EFI engine on mine.

If you have an adjustable rate mortgage and your house payment doubled and you need to sell your car to keep your house, we understand!!

Mike

 

There are still buyers out there looking for good, no questions cars that are either very original or restored to a very high standard. I just sold my 67 350 and was very pleased with the end $ result.

Mike

 

900 hp? They will need at least to Jan to get a conv 67 mustang to handle 900 hp. I want to see the pix when they get it done just to see how they have redesigned the car to not twist like a pretzel off the line. 18 months seems like a long time but is actually pretty short when you take a look at the how much goes into a full resto. Good luck!

 

The suspension and frame reinforcment they do is unreal. Some pictures on this link:

http://picasaweb.google.com/mike.herman/VisitToUniquePerformance/photo#5074667883528104066

427 Aluminum, 200hp vortec supercharger and now EFI=900hp.