I need asome advice, please.

CBattaglia · #1 (**permalink**) 10-17-2016, 08:45 PM

I agree the ask is too low. I don't think you can recreate that car today for that price.

Bob Hess · #2 (**permalink**) 10-18-2016, 08:48 AM

I saw several Cobras go up for auction this past weekend in Las Vegas and all hammered in the thirties. They were nice cars, comparable to mine but the prices seemed soft to me. Is this a good indicator of the market?

66gtk · #3 (**permalink**) 10-18-2016, 09:01 AM

Quote:

Originally Posted by Bob Hess

I saw several Cobras go up for auction this past weekend in Las Vegas and all hammered in the thirties. They were nice cars, comparable to mine but the prices seemed soft to me. Is this a good indicator of the market?

IMO, Yes, the market right now is a bit soft for Cobra sales. I know because I sold two premium examples this season. Many good cars that are priced fairly have had difficulty selling as quickly as they may have a year ago. It is an election year so things may change up/down next spring. Right now we are entering discount season for most buyers even without an election. If you want to sell your car quickly your asking price is fair, but you have to lay out all the details and maintenance done to inspire confidence with a potential buyer. Your miles are higher than most you have been finding advertised but that isn't a bad thing to an informed buyer if you can rest him at ease with the details he needs to make an informed purchase. Pictures also go a LONG way to selling a car to a broad market so don't expect to sell a car without good photos.

Looking at your ad again I would have some important questions you need to address upfront which affects value/confidence:

1. Is your engine a Roush? This was a popular engine for your car. Not that it's better, but it does command more money. Who assembled/built your engine? Was it a new engine build, or based on used/seasoned parts? Do you have dyno sheets to back up your power claims?
2. Tremec 5 speed: Is this a TKO 500 or TKO 600 or just a basic T-5. Big difference in value and capabilities for the power you are advertising.
3. Who completed the final assembly, and what has been done since 2007?

Again, your color and stripe combo may be appealing to some and a deal breaker for others. It's imperative that you get the photography correct for that color or it will look bad to those who may be on the fence. It's a tricky color that changes a lot in different lighting. Good luck with the sale. If I were near you I would certainly offer to help you out with the photography.

Troy

Tim7139 · #4 (**permalink**) 10-18-2016, 09:36 AM

Quote:

Originally Posted by Bob Hess

I saw several Cobras go up for auction this past weekend in Las Vegas and all hammered in the thirties. They were nice cars, comparable to mine but the prices seemed soft to me. Is this a good indicator of the market?

No, the auction market is often full of curve balls.

Bartruff1 · #5 (**permalink**) 10-18-2016, 09:45 AM

You will need some pictures that show the car off, but IMO, you have it priced to sell without all the BS....good luck....bart.

Mark IV · #6 (**permalink**) 10-18-2016, 01:12 PM

Quote:

Originally Posted by Bob Hess

I saw several Cobras go up for auction this past weekend in Las Vegas and all hammered in the thirties. They were nice cars, comparable to mine but the prices seemed soft to me. Is this a good indicator of the market?

The TV auctions are NOT the place to sell a replica Cobra. Bottom feeder bidders only. Cobra Country, this site and the SCOF site will bring real buyers who pay fair money.

cycleguy55 · #7 (**permalink**) 10-18-2016, 04:53 PM

Quote:

Originally Posted by CBattaglia

I agree the ask is too low. I don't think you can recreate that car today for that price.

I KNOW you can't recreate that car today for that price.

Bob Hess · #8 (**permalink**) 10-30-2016, 09:11 AM

My car is titled as a 2007 Superformance Mark III. I live in a county in Georgia that does not require emissions inspections. Since it is titled as a 2007 a lot of areas of the world require certain emissions standards and of course my motor is built to earlier specs and would probably not pass the test. The year of registration severely limits the market for my car. I checked with the DMV in Georgia and there is no way to change the title to an earlier year. That is the reason for the lower than market price, not the condition of the car.

Mark IV · #9 (**permalink**) 10-30-2016, 11:27 AM

Quote:

Originally Posted by Bob Hess

My car is titled as a 2007 Superformance Mark III. I live in a county in Georgia that does not require emissions inspections. Since it is titled as a 2007 a lot of areas of the world require certain emissions standards and of course my motor is built to earlier specs and would probably not pass the test. The year of registration severely limits the market for my car. I checked with the DMV in Georgia and there is no way to change the title to an earlier year. That is the reason for the lower than market price, not the condition of the car.

Well it is your car and you can price it as you please, but you are leaving money on the table. That is a mid-fifties car all day long and will sell for that if offered in the right venues. The "2007" title is not the big value detriment you may think it is. Many states register as "year of build" as opposed to "year of replication". One of the great entertainments to me is all of the "Cobra 427 S/C" replicas registered as a "1965" when the "S/C" did not exist nor was sold in 1965!

twin turbo · #10 (**permalink**) 10-30-2016, 10:30 PM

Bob, just post decent pictures and your car will sell very quickly at that price.

427Larry · #11 (**permalink**) 10-31-2016, 06:05 AM

Bob is exactly right, what year the car is titled makes a major difference in how quick it will sell and the price you get. I just sold and was picked up 4 days ago one of my Kirkhams, this one was titled as a 2008' and the State of Ohio had assigned their own 17 digit serial number to it also. I could of sold the car 2 or 3 months earlier if had not been for those two reasons. I sold it thru Hemmings Motor News, which took about 3 months. When I told interested buyers that I also had a early Kirkham which it is titled a 1965', they were wanting to buy it instead, this is one of the reasons I bought the car and sold the other one. When the ad first came out, I immediately had 3 foreign foreign buyers wanting the car, but they would then discover they could not get the car in to their country (France) in the end I did sell it to a Dealer in France, but I have no idea how he is getting it in. Yes, the market is soft at least here in the US, most of the cars including even motorcycles are being bought by foreign buyers, but of course their exchange rate is to their advantage. Good luck with the sale.