Shopping Superformance, prices?

[Tim7139]

Originally Posted by mrmustang

Disclaimer: I have nothing to gain or lose by making this post, or any other in this particular thread. Think about that before attacking it because you are a SPF owner/dealer/broker.



They advertise them at those inflated prices all over the web, not many of them have sold for anything near those asking prices. Although, it really is a matter of numbers, just like the spammers that send out 1,000,000 spoofed emails a day telling people to "verify their accounts", all it takes is one to respond to make the scam work.

Most SPF's that I have seen marked as sold and pulled from the market are in the $42,000-$57,000 range. Are there exemptions to that rule, of course, but those are the truly exceptional cars at the top of their game. 427 Sideoiler powered, no small block, or 460 powered cars in that grouping, at least none that I have heard about.


Bill S.

Can you kindly expand on this a bit? Since I've done a fair bit of recent price study over the last year I have a question relative to that price range.
Would it be fair to state that anything materially below 50k or so is usually tied to either some damage history, high usage/miles, or a rather poor choice for an engine? I supose there's always a few cars offered because of adverse personal situation.

[mrmustang]

Originally Posted by Tim7139

Can you kindly expand on this a bit? Since I've done a fair bit of recent price study over the last year I have a question relative to that price range.
Would it be fair to state that anything materially below 50k or so is usually tied to either some damage history, high usage/miles, or a rather poor choice for an engine? I supose there's always a few cars offered because of adverse personal situation.

As it is with every used car market (not just cobra replicas)

It falls in to three category's:

Those that want to sell
Those that have to sell
and
Those who are considering a sale "at the right price" and will advertise whatever they are considering selling at a price they decided arbitrarily (a certain close to donor build FFR listed continuously at $98K in the west comes to mind).

Then you have dealer/retail sellers who are in no rush to sell, but want to be able to sell the same type of vehicle over and over again at full retail value. Sometimes they get together with other dealers and start the artificial rise in asking prices (IE: price fixing), soon and by the trickle down effect, the asking pricing go up. However, not all dealers get away with this, several Ferrari dealers got caught in the late 80's and early 90's playing that game with the 308 (Magnum PI) Ferrari's. The dealers for the GT350R/GT500/Eleanor cars got caught up in the same thing, only they went as far as taking a car to a well known auction over and over again and selling it for 200K,300K,450K in an attempt to find suckers to purchase them. (they did find and screw many people out of their hard earned money). Comparing what a dealer asks for a car (one that sits on the market for 8-14+ months at an artificially high price) or two and saying "this is what my private party car should sell for" does not work. The mindset of what sold at auction vs what a private seller can get is also a comparison that does not work. What an importer and largest dealer advertises for, and what a private prty can actually sell their car for is not a good comparison either, as the importer/dealer wants to sell cars, and attempt to ad value for the "investment grade" of one brand over another. Again, while it appears at first to be a great strategy, it actually hurts the market, current owners who buy in to the practice of "don't advertise your car for less than XXXXXXX, if we all advertise higher, we will get higher prices for our cars", it hurts the new owners when they find out they were manipulated, and it eventually leads to a collapse of a specific market after a short time. Think of it as a sort of pyramid scheme of price fixing. Then you end up back where we started, with private sellers offering cars at real world prices, after wasting their time listening to those who stated "you are not asking enough, you'll bring the value of our cars down". These are the same owners who think the car is being sold too cheaply, who are afraid to purchase them and remarket them at higher prices with their own money, hence, back to where it all started, with the basic time and money equation, and whether it is a "I'm bored and want to sell" vs "I need the money for another toy/business deal/etc" mindset of a seller.

The above is a ramble, yes, I know, as I am multitasking, and coming back to this every couple of minutes. Sorry, but you should still get my drift.

Bill S.

[Tim7139]

That's interesting but thats not what I asked. Yours is a nice reflective on collector cars and I am very well versed on same. I was after more thoughts on my questions specifics since you mentioned a fairly broad range of prices. You offered thoughts on the lower end of that range and I'm simply asking for additional rational and/or data on that, because it seems somewhat contrary to recent data, but data I sourced I suspect might be less comprehensive and lacking lots of private party transactions.
There's always price qualifyers, nothing new here.

[mrmustang]

Originally Posted by Tim7139

That's interesting but thats not what I asked. Yours is a nice reflective on collector cars and I am very well versed on same. I was after more thoughts on my questions specifics since you mentioned a fairly broad range of prices. You offered thoughts on the lower end of that range and I'm simply asking for additional rational and/or data on that, because it seems somewhat contrary to recent data, but data I sourced I suspect might be less comprehensive and lacking lots of private party transactions.
There's always price qualifiers, nothing new here.

Told you I was rambling, sorry I missed your original idea of an answer.

Want to sell vs have to sell (and every reason in between those two) is the main reason for some prices.

Various other factors are as follows:

Condition and presentation
Color choices (solid vs solid with stripes, black vs red, lime green vs hot pink (YES, HOT PINK), etc)
engine choices (347 stroker vs 385hp/351W, 460/425hp Ford crate engine, 390FE vs 427 sideoiler, etc)
Interior choices (some custom interior upgrades actually hurt the value, or odd colors)
Tire choices (racing slicks vs BFG's, etc)
Stock looking rims vs aftermarket (bolt on vs knock offs as well)
Black painted sidepipes vs powdercoated or jethot coated
Mileage on the build
Chassis # (late vs old)

Those are just the tip of the iceberg (so to speak), there are dozens of other factors that come in to play, especially when dealing with a buyer who is unsure of what he/she/they really want.

Hope this post helps a little further in to your understanding of how I come to the conclusions I've posted some of here.

Have a great day.

Bill S.

[Tim7139]

It does. I kind of assumed much of it, but helpful none the less, thanks.