50th aniversary CSX

[REAL 1]

Originally Posted by RodKnock

Speaking of REAL1, his Cobra just went up $20K, because the aluminum CSX rollers just went from $160K to $180K, assuming the alloy roller increase sticks as I would expect. So assuming his finish cost with his options and specs is $80,000, figures per him, then his CSX4000 is now worth $260,000.

I didn't know the prices on Shelby alloy rollers went up to $180K. But if they did then the cost to duplicate my car would fall in around $260,000.00 per HRE and a detailed build sheet. Correct. Worth is a different issue. Worth it to some. Not to others. To some paying high six figures and seven figures for an original series is not worth it. In fact I could argue as an early CSX Continuation my car is more desirable then the new/current alloy continuation Cobras for a number of reasons.

To each his own and everything is relative.

[AL427SBF]

Originally Posted by REAL 1;1****23

... the cost to duplicate my car would fall in around $260,000.00 per HRE and a detailed build sheet. Correct. Worth is a different issue. Worth it to some. Not to others. ...

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


.


Lamborghini Gallardo


.


McLaren M94-12C


.


Mercedes-Benz SLS AMG Black Series


.


Aston Martin Vanquish


.

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.
.

[REAL 1]

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


.


Lamborghini Gallardo


.


McLaren M94-12C


.


Mercedes-Benz SLS AMG Black Series


.


Aston Martin Vanquish


.

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.
.

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.

[philminotti]

Originally Posted by REAL 1

In fact I could argue as an early CSX Continuation my car is more desirable then the new/current alloy continuation Cobras for a number of reasons.

Just curious Evan...could you elaborate? No criticism is expressed or implied.

[Bernica]

Originally Posted by philminotti;1****50

Just curious Evan...could you elaborate? No criticism is expressed or implied.

I hope Evan is right! He is #4206 and I'm #4250!

[REAL 1]

Originally Posted by philminotti;1****50

Just curious Evan...could you elaborate? No criticism is expressed or implied.

Sure. Early cars had different suspension parts that were historically accurate and correct, the frames were more accurate to original, they had Girling brakes. They even have the dimples on the head light trim rings. They had leather seats and the correct wool carpeting (now an option). As to the specifics of the differences you would have to get that from Bill Andrews at HRE but suffice it to say over the years there were changes that deviated from original design.

Most important to me, however, is the fact that my car and the early cars were all built at a time when Carroll was very involved in operations of his company and he was there frequently. My car and all the early cars were at SAI when Carroll was there walking the floor and very involved in his company and making his cars available to the public once again.

My car was even signed by him with my CSX#. This will be a coveted factor in years to come.

To me these factors mean something.

[philminotti]

It's only worth what someone else will pay for it. People will always pay more for a CSX, but that doesn't make it more enjoyable to drive. But if someone else will pay that, then that's what it's worth. I'll take my KMP, but it's certainly worth less then a CSX.

[Bernica]

So, how many threads do we need on this re-badged super exclusive car anyways?

[stephen_becker]

As a factory-authorized Shelby American dealer we stand ready to take orders now & submit to SAI on the order-day

[rodneym]

There should be more of a market for the 427 version than the slab, don't you think?

[Bernica]

I don't know about that. Seems the slabs and streets have been picking up traction lately. I'm sure someone will correct me on that.

[stephen_becker]

SAI sold out of all 50th anniv CSX 8000 cars but have sold less then 1/2 of the 50th CSX 7000 cars

This is gonna be very interesting........

[Bernica]

Originally Posted by stephen_becker

SAI sold out of all 50th anniv CSX 8000 cars but have sold less then 1/2 of the 50th CSX 7000 cars

This is gonna be very interesting........

Yup, that's what I am thinking. Folks today I think are looking for something less visceral and more classic and street able, but I guess we will see.

[kanuck]

I know the 40th anniversary cars, took forever to unload.

[stephen_becker]

Originally Posted by kanuck

I know the 40th anniversary cars, took forever to unload.

SAI never finished the build -

[kanuck]

How many did they end up completing?

[rodneym]

Well, gthompson, compared to CSX3020...pretty darned late!!

[bret a ewing]

The bubble may not be the car necessarily, but the company itself. I personally would like to see CSBI healthier fiscally.
The realization of anticipated global demand is going to be very important to Shelby Inc. Going forward this campaign needs to be successful.
B.

[AL427SBF]

Evan, as I said imo, time will tell. Let's see how the 50th anniversary 427 does, it being the most popular cobra that should be a good indicator of where the market is headed in this niche hobby. Not apples and oranges, more like Macintosh versus Red delicious. These are sports cars and all have a rich history in racing - just pick the years you want to brag about. Anyone with $260K to burn on a cobra will also be looking at other vehicles in that price range and performance category, to think otherwise would be naive. We've already seen it here with new-comer Q&A on less costly replicas and who decide in favor of a viper or vette.
.

[REAL 1]

Originally Posted by AL427SBF

Evan, as I said imo, time will tell. Let's see how the 50th anniversary 427 does, it being the most popular cobra that should be a good indicator of where the market is headed in this niche hobby. Not apples and oranges, more like Macintosh versus Red delicious. These are sports cars and all have a rich history in racing - just pick the years you want to brag about. Anyone with $260K to burn on a cobra will also be looking at other vehicles in that price range and performance category, to think otherwise would be naive. We've already seen it here with new-comer Q&A on less costly replicas and who decide in favor of a viper or vette.
.

Regardless of how you describe the difference, apples/oranges or McIntosh/Red Delicious (I prefer Granny Smiths myself ) their differences are substantial. Slick, modern and sophisticated vs. primitive hammer and anvil. You almost have to have grudge against yourself to opt for a Cobra compared to the others based on it's brashness, rudeness and lack of comfort and lack of safety etc...but for guys that truly love Cobras they wouldn't have it any other way. Perhaps its a sickness. They are a rare breed and few in number. the Cobra is a car you get personal with in that it requires constant codling and tinkering and attention. You get your hands dirty on it and sometimes you even leave skin and blood on it with bruised knuckles. It becomes a part of you and you even get to know it and understand it. Try that with the others.

I have tossed around the idea of selling my Shelby a number of times to buy a GT3RS or another FGT but I just can't bring myself to let it go. Why? I just love Cobras, their performance, their timeless shape, lack of sophistication, their nasty demeanor and their history and back story. Plus CSX 4206 is part of me and has been part of my life for nearly 15 years now. There is a lot of me in that Cobra.

Shelby and the Cobra has a lock on probably the most famous of all American automotive racing success stories and part of American pride for me. Its an American automotive legend and icon and always will be.

For the guys like me and for those who have the money they will always be willing to pony up for a Shelby. Granted they are far and few between but they are out there and will always be willing to pay for the right car.