Hagerty is weak
per Hagerty, these are their average values
93R $36,800
95R $15,000
00R $25,000
Whats funny is.... Hagerty has my 00R valued at 50k if anything were to happen to the car.
Hagerty is weak
per Hagerty, these are their average values
93R $36,800
95R $15,000
00R $25,000
Hagerty is weak
per Hagerty, these are their average values
93R $36,800
95R $15,000
00R $25,000
The SCM values for the R really need an update and I told my editor about it. Hagerty price guide seems more realistic with the current values. The collector car market shouldn't be grouped into one chunk as some cars are moving up and others are declining. My thought on the R market is that they will continue to rise in value due to the limited production!
I agree.
Yet, you are 'talking your book' as they say on the global stock and options exchanges. If I owned long positions (or calls, or the car) on R Model cars, I'd talk them up.
If I owned a short position or puts, I'd talk them down.
I just own an old 95R. Yes, it's been great fun driving it over the last 20 years, and I plan on keeping it for another 20 years.
I just can't honestly predict higher prices for these cars at this time. I will also state again that the stock market is getting all of the media hype with it's continual new higher highs. The individual stocks are reporting much higher earnings so far this year. They are also raising dividends going forward.
We may exit the Obama slow-growth low-interest rate years to a new level of investment potential? That is what the market is saying today.
.I agree.
Yet, you are 'talking your book' as they say on the global stock and options exchanges. If I owned long positions (or calls, or the car) on R Model cars, I'd talk them up.
If I owned a short position or puts, I'd talk them down.
I just own an old 95R. Yes, it's been great fun driving it over the last 20 years, and I plan on keeping it for another 20 years.
I just can't honestly predict higher prices for these cars at this time. I will also state again that the stock market is getting all of the media hype with it's continual new higher highs. The individual stocks are reporting much higher earnings so far this year. They are also raising dividends going forward.
We may exit the Obama slow-growth low-interest rate years to a new level of investment potential? That is what the market is saying today.
Those that didn't sell at a higher number mean nothing as it is very easy for someone to bring a car to auction with a high reserve and get friends to bid the car up to just under that higher reserve trying to set a new bar for the 3 or 4 R's they have for sale.
So if this "sold" at BJ, why is it now for sale at Gas Monkey ?
Aren't the Collins guy and the owner of Gas Monkey friends? They are the two that bought that Ferrari F40 together and flipped it right?
Yes which makes the sale of at least the summer edition very suspect.
A fun exercise to really see what the "R" market is doing is to actually try to buy one. Call the individuals who have them and see what they are willing to sell them for. It puts you more in line with the trends versus burying your nose in a price guide. My thought with the car market is it's all about the generational gap and some cars get hot and others cool down, it's a cycle.
Bottom line is, I'm just a dirtbag who owns a dealership and have only been on this site for a few months.
I do not call (or PM) people and ask them to sell me their car. That exercise tells the owner that you want to pay a lot to get it.
I actually just hang around and let people call (or PM) me about a car that I own. This gets better results.
You can say that the magazine that paid you money is all wrong on their price guides. You should call Keith Martin directly and state this to him. Call McKeel Hagerty. They need your advice in order to run their businesses in a more profitable way.
You are not the first or the last used car salesman that has posted on this site in the last ~13 years.
Good luck in your future career.
A fun exercise to really see what the "R" market is doing is to actually try to buy one. Call the individuals who have them and see what they are willing to sell them for. It puts you more in line with the trends versus burying your nose in a price guide. My thought with the car market is it's all about the generational gap and some cars get hot and others cool down, it's a cycle.
Bottom line is, I'm just a dirtbag who owns a dealership and have only been on this site for a few months.
Morgan,
The problem with writing about a market, is when the person doing the writing has financial conflict of interest with that market. You have to admit, since you are a dealer, buy and sell for a living, that you can't say you are 100% unbiased with your reporting and/or writing on the subject of what you are buying/selling/trading. Reality is that you can't be, no matter how much you say you are.
As for what you are reporting on, my advice, and especially at the larger, more publicized auction, is to watch closely as to who is bidding on what, vs who was hanging around a specific car, or helping to load/unload it from the transporter, or clean and detail it, or who is sharing a room, or block of rooms with the seller/sellers for that matter. Report on that, show us that you are really watching what is going on when you report those "record prices". You might just be surprised (or maybe not) at what you really see when you look further than the shiny object in front of you.