Shopping Superformance, prices?

[frankym]

i've been absent from this forum for a long time since selling my contemporary about 15 months ago. I acquired a SPF car last week. This is my 3rd spf car (#1005, #1118 and now #205). The prices of SPF cars has gone up markedly in the last 2-3 years. In fact my SPF #1118 was sold for 41k in 2004. It was an olthoff car with the RDI 392 stroker. It was pristine. That same car 10 years later is 50-60k. The logic for the price appreciation, at least in my mind, is a function of 2 things: the price of a new turn key minus has gone way up. Back in 2004, it was $37,900. Today, i'm not sure how much it is, but my guess is it's way up. Also, look at the cost of a Coast High Performance stroker at $22k - there is massive inflation driving the component prices higher. The second factor is that there is once again cheap money coming into the classic car market. This is creating many more buyers than there are sellers. Combine these 2 or 3 factors:
1. replacement cost new is way up
2. general inflation is driving all component prices higher
3. cheap money is here again

And voila, SPF cars are getting very pricey.

I suspect that when the sub prime auto loan bubble bursts, we'll see demand fall and prices fall back, but then again, this is not an investment - it's a hobby and a dream for many of us to own one of these bad-ass vehicles.

[mrmustang]

Originally Posted by frankym

And voila, SPF cars are getting very pricey.

Yet there are also SPF's which languish on the market for months in the 38K-48K range.....So not all buyers are willing to pay CA based, 72K retail on a used SPF



Bill S.

PS: Welcome back and congratulations on the new toy.

[66gtk]

Originally Posted by mrmustang

Yet there are also SPF's which languish on the market for months in the 38K-48K range.....So not all buyers are willing to pay CA based, 72K retail on a used SPF



Bill S.

PS: Welcome back and congratulations on the new toy.

Yea I suppose there are a few, but the only ones in that range I've seen are typically riddled with bad taste issues, high mileage, early builds, poor wear and tear or all of the above. For better or for worse, I agree that the used SPF market is very strong right now. Prices are much higher than they were several years ago for the same cars.

[motordean]

Originally Posted by 66gtk

Yea I suppose there are a few, but the only ones in that range I've seen are typically riddled with bad taste issues, high mileage, early builds, poor wear and tear or all of the above. For better or for worse, I agree that the used SPF market is very strong right now. Prices are much higher than they were several years ago for the same cars.

100% agree