Is the Backdraft market soft?

[spdbrake]

What I gathered reading the sales ad and looking over the photos.

That car is build 563 (listed on the bottom list of the Cert of Origin) 2007.
The 17 wheels are more of the giveaway on the vintage.
Wiring looks like a 16yr old kid got a hold of it. (Battery has stacked pickoffs, Fast controller box wiring exposed). Man if if you want to show the box at least get it right side up.
Front springs falling off the upper perches.
L-R valve cover breathers have a bit of the "I got enough fittings around the the garage to make this work" look. At least get two breathers that match even if you can't plumb.
Dyno sheet from 2013 shows 589 FWHP. and it drops to 376 RWHP in 2018?
Most shops use a 15% power loss which would make it appox 500 RWHP. Even a 20% loss puts it around 470 RWHP. I'm throwing up the BS Flag on the 2013 dyno sheet.
Paint and Body work were done by a Jeff Miller. I'm guessing Jeff painted the Block and Tranny since BDRs come pre-painted (Quite nicely) and this car's paint matches the Cert of Origin (Same paint that's on mine).
Not a bad car and its a fair price for an early BDR.

[fastd]

$43k doesn't sound so bad to me for a BDR; keep in mind that it looks like that situation was one where the buyer bought the car cheap, finished it and made a few bucks in the bargain.

Just to throw out some numbers, depending on how it's built with what parts, BDRs go for $25-$50, similar to Factory Fives.
Superformance go for $40-$80, ERAs go for $45-$90, Kirkhams go for $90-$130.

(Don't mean to incite a riot; just my observations; not my intend to offend anyone)

[desgros@vtlink.]

dacobb & fastd,

I agree fully. Very well said!

John

ERA Slabside #3010 289 BRG

[hauss]

50-65k for a newish backdraft is what you should be looking at I spent two years searching for the right one. not all are equal. you will find you get what you pay for that is what I found.

[hauss]

I purchased my backdraft about 4 months ago and I almost bought the one you are referring to. Their was a lot more to the whole story but I promised not to get into it.Lets just say I was kicked off the site for awhile . All that being said I would say your color is the problem not the price. Blue or red is the most popular . That is why I went with blue with white stripes.You may just have to wait a little longer to sell your cobra, that is all I am saying, But the price should not matter, unless you want to sell it quick.

[KDubU]

I agree about a buyer’s market. There is some uncertainty about what will happen with the economy over the next 2-3yrs and indicators are not good. Some people will be liquidating luxuries they don’t really need and yes will take a “loss” but having liquidity is sometimes more important. At $43k and some change it appears to be a good purchase for the buyer. As for the OP wanting $55k, shine her up, take good pics and ask $59,900. If your BDR is the right color, right drivetrain and in very good condition, you will get a buyer.

[patrickt]

Originally Posted by KDubU

I agree about a buyer’s market. There is some uncertainty about what will happen with the economy over the next 2-3yrs and indicators are not good. Some people will be liquidating luxuries they don’t really need and yes will take a “loss” but having liquidity is sometimes more important.

I think that's kind of right, but I also think that there is a huge difference between the "buy it new" crowd and the "buy it used" crowd. There is a two year wait to get your turnkey from ERA, and you will be dropping six figures to do it. KMS is expanding their shop and has no problem finding buyers for an "investment" that is well past the six figure mark. For right now, it's harder to find someone who will spend $60k on one of these cars than it is to find someone who will spend $100k+ on a brand spanking new, made to order car, that is exactly what they want and they will actually wait in a queue to do it. I see that changing though in the next twenty years. But I don't look at my car strictly as an investment, and I wouldn't sell her at twice, or maybe even three times, the fair market value. Anymore than I would sell Ellie, and what's a used dog worth anyway? But that's just me.

[66gtk]

I agree with you Patrick and have noticed that as well. Perhaps for some it has something to do with being able to pay over time... Sort of like putting your ERA Cobra on layaway? Probably a weak theory. Lots of people obviously prefer new to used cars. I've purchased several pre-owned Cobras and will admit that in my experience it can be very risky and expensive and time consuming to fix issues that aren't really noticable at first blush. The same can be said of a new Cobra build though.

[66AC]

If you consider the typical Cobra or performance car purchaser, he or she needs a garage to house the car(s), then this leads to a specific economic strata of home owners and/or renters who have excess storage space and income.

If you take a look at the 20-35 year old generation, you might find that home ownership with automobile storage space is not common. These folks tend to be apartment renters from what I have seen.

It would be interesting to do a survey of pre-requisites prior to purchasing a performance car that is not used for daily transportation duties.

[66gtk]

So the OP wants $55K for a car he self-admits does not present as well as the one recently sold on BaT for about 10K less. I don't think asking more than his target range will get the result he wants. I think a realistic appraisal and adjustment of expectations may be a better approach.

[EM65Cobra]

I've been watching the resell market for the past year or so because I've been looking to get another Cobra. I agree with Fastd except for the numbers on BDR. This is the first used BDR I've ever seen below $50k (unless it was a damaged one). In my opinion there were some issues with this one which is why it didn't sell in the mid $50's, and the one of the reasons I didn't bid on it.

BDR's seem to sell (for similar power train and build quality) between $10k to $15k higher than an FFR, at least that's been my experience of watching for the last year.

I only feel I know this because I'd narrowed my search down to only considering BDR's and FFR's so I've been comparing them for a while.

[jimbo01]

Not sure if anyone watched Mecum Auction in Kissimmee. The Backdraft cars there sold for a lot more than I expected. Seems that the prices are up and not down to me. Maybe that is the place to sell one.

[jimbo01]

Just took a look at the Cobra Country site. Four Backdraft cars listed and all sold. Lots of Superformance cars to be purchased.

[jimbo01]

Took a look at the results today. The lowest price for a Backdraft car at Mecum was 50,000.00 Plus 10% buyers feef and the most expensive one was $80,300.00 plus buyers fee. My list shows 5 Cars went through and 4 sold. A lot depends on condition and options

[Cashburn]

Originally Posted by jimbo01

Took a look at the results today. The lowest price for a Backdraft car at Mecum was 50,000.00 Plus 10% buyers feef and the most expensive one was $80,300.00 plus buyers fee. My list shows 5 Cars went through and 4 sold. A lot depends on condition and options

Mecum lists with the fees from what I recall. The $50k was a "bid goes on". But I think the prices were solid. That $80k looks like a rushed build

[jimbo01]

The sale price does not include the buyers or sellers fees. Been there done that.

[Cashburn]

Originally Posted by jimbo01

The sale price does not include the buyers or sellers fees. Been there done that.

I think you have a different auction house.

[twobjshelbys]

Mecum and Barrett Jackson's post-bid listings show the price including buyer's premiums. The live auction only shows the hammer price.

[Cashburn]

Originally Posted by twobjshelbys

Mecum and Barrett Jackson's post-bid listings show the price including buyer's premiums. The live auction only shows the hammer price.

Yes that is correct.

[jimbo01]

Sorry guys. I took the figures from the listings. At any rate the prices were better than I expected.