I work for a large Auto Auction in Pa., today I worked the auction.
I notice two Mustangs going trough and watched as they were auctioned off.
The first was an 05 GT with 44,000 miles on it, it sold for $10,500.
The second was an 06 GT convert. with 15,000 miles on it, it sold for $16,500.
A fwe months ago the 06 convert would have gone for $24,000.
The prices of these cars including the Corvettes have been going down steadily.
This is a good time to buy a newer Mustang particularly if you know a dealer that can buy you one at the auction.
However, it's not a good time to try to sell a Mustang.
Faspony
I notice two Mustangs going trough and watched as they were auctioned off.
The first was an 05 GT with 44,000 miles on it, it sold for $10,500.
The second was an 06 GT convert. with 15,000 miles on it, it sold for $16,500.
A fwe months ago the 06 convert would have gone for $24,000.
The prices of these cars including the Corvettes have been going down steadily.
This is a good time to buy a newer Mustang particularly if you know a dealer that can buy you one at the auction.
However, it's not a good time to try to sell a Mustang.
Faspony