This looked like a good deal at $35k, it sold above the 35k reserve for $37,311.
http://cgi.ebay.com/ebaymotors/ws/eB...tem=2415481671
There is definitely some serious pressure on prices of used cobras. This one was actually pretty surprising seeing what other, newer SPFs were being advertised for and not selling. This is pretty comforting actually. Hell, for anyone thinking about SPF, when you consider that you'll pay 40-45k for a newer one, own it for 4 years, and sell it for hi 30s, not too bad, considering how much you get out of it. I bought my SPF in December of 2002, already I've put over 1,000 miles on it and the summer hasn't even started. Compare that to the guy that pays 25k, spends another 10k over the next 2 years to drive it 500 miles, only to sell it for 25k after he's had enough, the SPF route is pretty economical.
If I were a Superformance dealer, I would keep one ready to drive car with a SVO SBF and one with SBF stroker, and advertise each for the 36.9k + their cost of @9k - 12k for the cost of the motor and tranny installed and have a car that could be purchased new for between 45.9k and $48.9k, add in the extras as needed and sell for another $1,000 to $2,000 and voilla, they'd sell all day long. You might argue that they are already doing that, but I haven't seen it.
The other thing would be to provide financing on favorable terms, but that probably gets into all kinds of other DOT and legal matters that won't work for the replicar business. After seeing the way these cars performed at VIR, my brother and I were really impressed with how balanced this car really is, especially in the rain, that really amazed us.
fm
SP280 Sold - Cobra market..
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