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Originally Posted by AL427SBF;1****39
Worth is also determined by what other comparable products are out there to measure your value against (like the housing market and real-estate comps). With that being said, your competition @ ~$260K is one of these alternatives.
Ferrari 458 Spider
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Lamborghini Gallardo
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McLaren M94-12C
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Mercedes-Benz SLS AMG Black Series
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Aston Martin Vanquish
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I look at SAI sort of like an internet stock riding the .com bubble of 2000, valuations have risen by SAI jacking up the price, but with no underlying reason to substantiate the increase - other than seeing what a "customer" will pay. The balance of supply and demand is at the tipping point imo, as evidenced by some SAI inventory taking longer to liquidate, and in some cases (like the 50th Anniversary CSX7000 Editions) leaving 50% on the table. The bubble is ready to pop (again imo), and when it does you will see a cost adjustment to re-balance supply and demand. Right now it's a seller's market, but get ready for that coin to flip.
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All the examples you cited (1) aren't really direct competition for a Shelby Cobra continuation series. Yes, they are at the same price point but they are apples and oranges. The guy looking for a 458 Italia or the others is likely not a Cobra buyer and if he is he is making a decision whether to buy an apple or an orange. Its like the guy deciding whether to spend $1.5 million on a private jet or a vintage WWII fighter. Both competing for the same dollars but they are totally different animals.
(2) The Shelby Continuation Series has better long term resale then the cars you cited. My car has appreciated in value and now would cost over 2X what I paid to have my Cobra finished by HRE years ago. The recipe for a Cobra is fixed if you are doing one aesthetically and historically correct. That won't change. You don't have to worry about next years model. You do have to worry about availability of original parts ,however, which increase in value and desirability as supply withers. If you have your Continuation series finished to a high level and historically accurate it will IMO remain very desirable and hold its value if not appreciate.
The cars you cited have resale values that drop faster than boat anchors with the 458 being the best of the bunch in holding value. There is always next years model.
Worth is determined by what buyers will pay and sellers will sell for in a free market. Shelby will increase prices until buyers will not pay what they are asking then there will be an adjustment. That's the only "substantiation" needed for any price increase. Shelby is no different than any other manufacturer. They sell it for what they can get. If they can't get it the price drops. Porsche is a prime example. The profit margins on a Porsche are obscene. Porsche could sell their cars for substantially less and still make a profit. They won't until they have to when people stop paying the asking price.
I don't believe the bulk of SAI's business is selling Cobras anyway. I believe the vast bulk of their current business is performance parts for Mustangs, Raptors etc.. and after market post title builds on Mustangs.
You must have a crystal ball. I didn't know the "Cobra bubble" is about to burst. In fact I didn't even know it was a "sellers" market or that there was a "bubble" . What are you basing that statement on other than just your opinion. Please educate me.
Hey, I'm kinda hoping your right and SAI stops making Cobras altogether. Mine would double in value overnight.