Shelby GT: reserve not met

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waynekohn8

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Apr 28, 2002

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Indianapolis, IN

Aug 4, 2007

#1

• Aug 4, 2007

• #1

I recently looked into the action for the Shelby GTs on E-Bay. Of course, many of you know how these were marked up as much as $10k over list when they first came out. Now it seems they can't even get MSRP for them. One dealer had theirs listed at a Buy it Now price of $38150 (what they stated was invoice price), and bidding ended at $34900, with the reserve not met. I tracked 6 of those cars on E-Bay this past week and all six auctions ended with the reserve not met. So will Ford actually end up having to give rebates to clear these car out?? At the least it seems a buyer can easily get one right now for at or below MSRP. It is amazing what waiting a few months can do for the savvy consumer.

 

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stanmckinney

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Mar 30, 2005

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Aug 4, 2007

#2

• Aug 4, 2007

• #2

My dealer did not order the second Shelby GT he was entitled to because the first one was too hard to sell. He did sell it for about $9,000 over sticker after several months.
I would have given invoice for him to order me one. Oh, well, I bought a 2007 GT instead and I am probably happier with it. I would have been hesitant to modify or personalize the Shelby because of its potential future value. I also would have been hesitant to use it as a daily driver.

 

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waynekohn8

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Apr 28, 2002

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Indianapolis, IN

Aug 4, 2007

#3

• Aug 4, 2007

• #3

stanmckinney said:

My dealer did not order the second Shelby GT he was entitled to because the first one was too hard to sell. He did sell it for about $9,000 over sticker after several months.
I would have given invoice for him to order me one. Oh, well, I bought a 2007 GT instead and I am probably happier with it. I would have been hesitant to modify or personalize the Shelby because of its potential future value. I also would have been hesitant to use it as a daily driver.

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I think the car wouldn't have been too hard to sell had he allowed it to go for MSRP when he first received it. The cars I was watching on e-bay recently are not expecting anywhere near $9k over MSRP and can't sell, so it seems the high prices have turned off potential buyers.

As far as future value as a collector's car, I am very skeptical - it is too anticipated (lots of people will be keeping these as garage queens thinking it will be worth a mint some day) and there are too many of them.

 

Jenns01TA

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Mar 31, 2005

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Aug 5, 2007

#4

• Aug 5, 2007

• #4

I cannot think off the top of my head of ANY current specialty production vehicle that does not get hit with considerable depreciation.

I don't think that the Shelbys can even hold their value much less appreciate in value even when Mr. Shelby goes to the big garage in the sky.

Like all things considered collectible, it is only as valuable as a collector is willing to pay.

 

LV51FER

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Oct 25, 2005

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Caerphilly, Wales, UK

www.cardomain.com

Aug 6, 2007

#5

• Aug 6, 2007

• #5

If I was ever sad enough to be "a collector", you can bet your ass I wouldn't be collecting a 2007 Shelby GT FFS ...or a GT500. There are a million collectible cars out there I'd want in my garage and neither car would even be on my list.

 

Pliskin

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Jul 27, 2004

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Aug 6, 2007

#6

• Aug 6, 2007

• #6

It's ok. I'll still take a GT500.

 

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waynekohn8

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Apr 28, 2002

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Aug 6, 2007

#7

• Aug 6, 2007

• #7

LV51FER said:

If I was ever sad enough to be "a collector", you can bet your ass I wouldn't be collecting a 2007 Shelby GT FFS ...or a GT500. There are a million collectible cars out there I'd want in my garage and neither car would even be on my list.

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I think you have to be considering how the car may be perceived by collectors/enthusiasts in 15-20 years. The thing is, a lot of people that bought these recent Shelbys for way over MSRP will go to sell them much sooner for one reason or another, and as Jenns01TA said, are likely going to be very dissappointed at how much they can sell it for.

What does FFS stand for?

 

stang8urimport

Autozone Junkie

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Jun 21, 2002

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Daytona Beach, FL

Aug 6, 2007

#8

• Aug 6, 2007

• #8

The stupid thing here is the longer the dealer lets the car sit on their lot, the more money they are paying in interest and taxes. If they just sold it for MSRP the day it came in, instead of 9K over sticker month later, they would probably make more money. That's the reason most dealers that put a huge mark up on it won't sell it for less then that months later. They still have to pay for the damn thing.

 

tr7driver

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Sep 5, 2006

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Illinois

Aug 6, 2007

#9

• Aug 6, 2007

• #9

I think e-bay cars don't often sell

I wonder how many cars actually sell on e-bay. I would guess it is only a small percentage (I'd bet less than 10%) of actual listings. It seems most of the ones I watch don't sell and keep getting re-listed later. After a while, you can watch the top bids before the auction ends and get an idea what the cars may actually sell for. I'd be interested in hearing form anyone that actually sells on e-bay, but I bet it is a tough way to make a living.

 

Marine One

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Jan 28, 2004

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North Topsail Beach, NC

Aug 6, 2007

#10

• Aug 6, 2007

• #10

The blue oval stealers did the same thing with the T-bird when it first came out. Apparently they didn't learn anything from their recent experiences with the release of that car.

 

LV51FER

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Oct 25, 2005

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Caerphilly, Wales, UK

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Aug 7, 2007

#11

• Aug 7, 2007

• #11

waynekohn8 said:

I think you have to be considering how the car may be perceived by collectors/enthusiasts in 15-20 years. The thing is, a lot of people that bought these recent Shelbys for way over MSRP will go to sell them much sooner for one reason or another, and as Jenns01TA said, are likely going to be very dissappointed at how much they can sell it for.

What does FFS stand for?

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For F**** Sake.

The thing most people forget is that cars in the 60s had no real protection and rusted to hell and back again. They also had lousy brakes and handling and crashed a lot and were written off. Yet still there are a fair old number of old Mustangs about. Back in the 60s and 70s, nobody even THOUGHT about collecting cars or future prices, this seems to be something Americans (no offence) have latched onto since the big boom of the 80s (which crashed).

Nowadays, cars are way better built and destined to survive far longer lives. It's not unusual to see a 15 year old car on the road. A 1983 third gen Camaro is now 24 years old and only now starting to rise in price even though back then nobody bought them to collect them. In recent years, it seems everyone has jumped on the collectors bandwagon thinking that the cars are investments when they're not.

The other thing about 60s Shelbys is that they were something out of the ordinary - something special in the performance stakes over and above the bread and butter cars. Nowadays they're just a prettied up badge engineering exercise and a stock GT has 300hp. So the question you have to ask yourself is why would anyone want a Shelby GT in 20 years time over a normal GT which will litter the used car lots like confetti.

The key to a collectors car is usually the fact that not many survive. A Ferrari 246GT will always command a premium because someone will have spent a lot of money restoring it. My guess is that in 30 years time, the restoration industry won't really give two hoots about the Shelby. It's hard enough getting parts for a 3rd gen Camaro.

Add to that fact that in 30 years time, the chances are you'll be forced to drive some electric hybrid and the era of big V8s may well be over and there will be an awful lot of cars sitting in garages as a reminder of better times....

 

jokergrin

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Feb 24, 2004

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Aug 26, 2007

#12

• Aug 26, 2007

• #12

I saw one of these at a dealer for the first time today and I was shocked at just how great it looked in person. I had originally wrote this car off.

If I could get the 0% financing and a few thousand knocked off MSRP, I would take it off their hands in a heartbeat based on the stance and look alone.

 

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Satin Silver GT

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Jul 12, 2003

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Sagamore Ma.

Aug 27, 2007

#13

• Aug 27, 2007

• #13

Saw one Sat. at Wareham Ford in Wareham Ma. and they were taking just over
$5K off the sticker

 

jokergrin

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Feb 24, 2004

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Aug 27, 2007

#14

• Aug 27, 2007

• #14

thanks for the tip, i'll bring that up when I drop by the dealership because i can't stop thinking about the car.

 

Five Oh Brian

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Jun 13, 2007

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Pacific Northwest

Aug 27, 2007

#15

• Aug 27, 2007

• #15

I work for a large volume Ford dealership. We received 4 Shelby GT's for 2007. All have already come and gone. Sold the first (very early car and the customer took delivery of it at Shelby Automobiles in Las Vegas) for $6K over MSRP, but the other three were all sold for MSRP. We were only supposed to get 2 of them, but so many other dealers declined to take all of theirs, so we snagged the two extras from Ford and were more than happy to sell them quickly at sticker.

 

stangdude2000

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Aug 27, 2007

#16

• Aug 27, 2007

• #16

When I bought my GT 9 days ago, I was considering a Shelby GT they had in the showroom. The dealer was willing to give me the X-plan pricing on the base cost of the GT, and for the Shelby option, tack that on at cost. Would've been about $36k. Still couldn't see spending the extra ~$7K over the x plan for my car for 20 horsepower and some body and suspension mods. Its a gorgeous car, but not worth the extra $$ for a signature.

As for depreciation... not sure about the Shelby GT, but used GT500s are still selling for more than MSRP.

 

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saldivo2

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Apr 12, 2005

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Aug 27, 2007

#17

• Aug 27, 2007

• #17

Theres a GT-H for sale at a local ford dealer by me for 38k.

 

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The Fang

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Sep 11, 2005

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Tallahassee Fl

Aug 27, 2007

#18

• Aug 27, 2007

• #18

I pass a chic driving a white shelby GT on the way home every day if I get off work at 4pm. But imo the billet grill, no spoiler and different lower rear valance and yes i know 25 more hp is not worth that high a price. I wave to her and she smiles

While were on the subject saturday I saw 8 or 10 Hertz Shelby GT's headed south on 27 coming out of Tallahassee all on a car carrier.

 

jokergrin

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Feb 24, 2004

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Aug 27, 2007

#19

• Aug 27, 2007

• #19

totally understandable. For the past few months, I've been feigning to get a new GT or a low mileage Saleen as my daily driver (except for michigan winter of course). My issue is that I would have to spend a lot of money out of the box to get a stock GT to where I need it to be not only in terms of performance but aesthetics as well.

The Saleen would be a similiar price used to what I would pay new for the Shelby GT. While the Saleen has more tricks up its sleeve, the Shelby GT would work for me in the looks department just the same. Whether I got the new GT, Shelby GT or Saleen, my plan would be to immediately install the Vortech H.O. kit. If I got the Saleen or Shelby, I wouldn't have to make any changes to the exterior or suspension.

I'm not opposed to doing those mods on a stock GT but if I can get a low mileage Saleen or new Shelby GT for less than $35k (may be a bit of a stretch on the Shelby, but we'll see), I'm not opposed to doing that because two of the major components I plan to put serious money into would be taken care of and I wouldn't have to go through the charade of having it done locally without much of a warranty.

Just thinking aloud here. Typically, I'm against so-called specialty cars that don't improve much on the stock package but in the case of the Shelby GT, I think it's worth a few thousand dollar premium especially considering how well it was executed despite the lack of a substantial boost in hp/tq which I already plan to take care of anyway. I don't think it's worth anything close to $40,000 mind you but if I could get it X-Plan for $34-$35k, I would have to give it serious thought.

just my .02 cents. i know many people think the package is overpriced as do I, at least it as at MSRP. I feel the same way about a new Saleen. Just so happens I live in SE Michigan where mustang selection is aplenty and dealers welcome employee financing so there's a lot of options.

stangdude2000 said:

When I bought my GT 9 days ago, I was considering a Shelby GT they had in the showroom. The dealer was willing to give me the X-plan pricing on the base cost of the GT, and for the Shelby option, tack that on at cost. Would've been about $36k. Still couldn't see spending the extra ~$7K over the x plan for my car for 20 horsepower and some body and suspension mods. Its a gorgeous car, but not worth the extra $$ for a signature.

As for depreciation... not sure about the Shelby GT, but used GT500s are still selling for more than MSRP.

Click to expand...

 

stangdude2000

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Aug 28, 2007

#20

• Aug 28, 2007

• #20

When I looked into it a little further, apparently the X-Plan is technically not supposed to be available on the Shelby GTs. Also, you wouldn't be able to get it down to 34k unless the delear takes a hit, since the 36k (i think it was maybe 36,700) was a car with very few options.

My .02 - if you are planning on supercharging it right away, I'd go with the Saleen, at least if you are at all concerned about resale. I'd imagine people looking to buy a Shelby GT wouldn't be very accepting of major mods, at least compared to a potential used Saleen buyer.

As far as your warranty goes, its gone with the supercharger for the most part. You can get all the horsepower performance parts on the Shelby GT for under $1000 plus installation. All the suspension parts for ~$1300. If you get a new GT, get them installed right away and you get full warranty. For the appearance - I'm unsure about the cost of the Shelby body work (mostly same at GT/CS), but Saleen body kit is $1600. If you can get X-Plan, you get pick up a new 2008 GT for about $24k, bringing total cost before installation to $28K. Figure no more than $31K total. Plus then you have the flexibility to not order the performance equipment you don't really need, or would replace anyways.