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That car has about 140K in Wholesale cost and labor wrapped up in it- C&C Auto probably brokered the build at about $160k, which spun up a fast, easy payday for Kirkham, SAI, and Denbeste... My guess is that the first person who enters 175-180k, and hits the "make offer" button will have bought themselves a car. Since this one is being offered by it's "originating" Wholesaler, it hasn't had time to be be marked up by a whole series of flippers, each one trying to chisel another 10k out of the end market. In that 180k range, and with the added bonus of licensed Shelby continuation documentation, this car might actually be a good deal for someone who actually WANTED a polished car with the word "Shelby" instead of "Kirkham" splattered all over the documentation. Plus, C&C is probably anticipating a buyer that will use their partnering finance company on a 15 year classic car loan (which generates a small kickback of the finance charges, back to the seller) And, of course the buyer will be out of state (or out of country), so an inflated "closed trailer delivery fee" can be tacked on... There's still lots of chicken on this bone.... |
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The interesting thing to me is that, here again, the new/"used" CSX market is $199,000 and under. |
I'd say that 4413 is a very nice $150k car.;)
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So the body/frame sat around for years. Then someone commissioned to finish the kit car in 2016. |
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Obviously there is a fair amount of latitude between any bid/ask but i have'nt heard of much in the way of a sorted SPF with any kind of decent motor that low, let alone common. |
I'd say you want a car with quality components in a classic color combo and of a later production. To me that would be a backdraft, spf or era after their respective body and chassis changes were made, with a 427 big or small block, from a known builder, with recognized drivetrain parts. At least that's what I was looking for in an spf when I looked. I didn't see an era come up that fit my requirements for a long period of time that was in a price range I was looking.
This is not to say there is anything wrong with any chassis number or engine combo...I'm just talking for easiest resale. |
In general terms, cars that are closer to original will hold their resale value better. They also tend to be more expensive in the beginning as well and the closer to original in replication, the cost goes up fast. There are some variables of course but I'm speaking in general terms.
Larry |
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Look, you can defend your brand, hallelujah. I honestly don't care one way or another other than to say that there are many, I mean, many, SPF's on the market. There's a large supply of them, at least on Cobra Country. No idea about demand, but as I said earlier, it wouldn't take a skilled negotiator to buy ANY $50,000 (asking) Cobra replica for mid-40's. All it takes is a serious buyer and seller. And it's not even winter. |
I am sorry for being bias but I also think that the West Coast Cobras (former Kellison) also hold their value as well in the mid $40 and up. Especially for the huskier clientele who are looking for a more spacious cockpit. Unfortunately, the customer support has suffered due to shake up at the top. Here is a nice looking example
http://www.cobracountry.com/cobra4sa...rohland-bc.jpg.. |
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CC has several and they average out a lot closer to $60 not $50. There has been a fair supply for at least a couple years, but that said, sorted examples seem to go about 5%-10% below ask not 15%-20%. Not withstanding personal emergencies, etc. have there actually been any decent examples in that area other than the occasional lousy auction result? |
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And, I'm not dialing it up nor will I dial it down a "freaking notch." IMO, you seem to me to be defending SPF prices, which is fine, but the OP must be aware of your inherent bias. You can admit or not, I don't care. You're an SPF owner, so logically you will defend the brand, just like I would defend the Kirkham brand. In general, Cobra replica prices are soft, because ERA, CSX, BDR, SPF among others, are still building them. There's no supply constraint other than economic conditions and those aren't very good right now for many areas of the country. I'm just talking about buying ANY Cobra replica that is asking in the $50,000-$60,000 range for mid-$40,000. It can and has been done. All the %'s you state are just guesses, since none of us have any hard data. But I'll try to remember to post here a real result when I come across one in the future. |
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Yah. Someone is in some serious denial. Real thing? I don't think so. PS - I bought my SPF #963 for exactly $45,000. Yes, they are out there, lots of them. |
I think the market tends to go up and down on these. Several factors tend to drive costs up including Kirkham, ERA, Superformance hold values well. Big blocks seem to be more expensive than the small block stroker motors.
The one thing for sure is they are getting more and more expensive to build as parts, engines and labor are all pushing higher. It would take close to $90k to build what I bought for much less today. I don't necessarily agree you can find big block 427's that are low mileage in the $40k range. I watch Cobra Country and just don't see them anywhere close to that. Educate if I am wrong on that, but it's just my opninion. Phil |
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Again, to reiterate my point, the Cobra replica market tends to be soft. So ANY Cobra replica can be purchased for FAR less than asking price for a quick and easy transaction. |
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And one more point. When money has been literally free for the past 8 +/- years, the stock market nearly at an all time high, prices of luxury items like Cobra replicas, tend to be good. I think most of us have forgotten the last time interest rates were high. There will be another day, when interest rates rise, our Cobras won't be selling as well. ;) |
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