The HotRod Price Speculation Thread

Will People Pick Up Their Ordered GT500?

  • Yes, They Are Ballers

    Votes: 8 32.0%
  • No, The Pain Is Real

    Votes: 17 68.0%

  • Total voters
    25
  • Poll closed .

taco7

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I ordered a gt500 and allegedly got a build date of Mar 31. I just retired, and was going to pay for it in cash. Bad time to retire as my funds are in the stock market. As most of my money is in the market, I would have to pass if the dealer called me today. Hopefully Ford's closure will help delay the build as long as possible so I can pick it up after the rebound.
 

jeffh81

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I passed on buying a new F150 to replace my truck since my AC went out and I need more room for my wife projects and the next day I was given my layoff notice. I had plans to buy a Mustang after May, but everything is on indefinite hold and Im not financially strapped either.


We live very modestly and my wife makes good money, but those who stuck their heads out too far are gonna be screwed
 

Lambeau

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IMHO, high dollar purchases will suffer and be down about 40-50% through the summer even with deep discounts. They will bounce back, but it'll be a year before it returns to 100%.

With gas prices low and social distancing being performed for the foreseeable future, having a relatively inexpensive fun car to take for drives should be popular.
I’ve already had buyers interested in my 01’ Cobra and ’01 Bullitt. If they don’t sell, I'll sit on them until next year.
 

Weather Man

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I have been following bring a trailer auctions and have not seen any weakness yet. The recession is just beginning, have a look in September when unemployment is >10%.

Saw on another forum where the dealer car auction only sold 10% of cars offered. You won't have to wait until Sep.
 

noco5.0

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Saw on another forum where the dealer car auction only sold 10% of cars offered. You won't have to wait until Sep.

I heard the same thing. I listened to another podcast by the GivemetheVin.com owner and he said he's still buying cars to sell wholesale but is offering 25 percent less than he was 2 weeks ago.
 

RedVenom48

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Not bragging at all, but the reality is that my wife and I might be in a prime spot to pick up a Super Duty. Both of use are fortunate to work for the State. We were originally going to get a Gladiator for her, but our incoming wee one wont really enjoy a vehicle like a Jeep for a few years.

Im hoping we see some deep discounts on Super Duty in a few months. With as deep as people are cutting back, the Sales side of the auto industry has entered correction territory. For sure though, if I had a GT500 on order I wouldnt be taking delivery of it. Not unless I was paying cash and I was getting a much friendlier deal.
 

nxhappy

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please dont buy a brand new car lol. pump that money into the stock market once you see another big hit.
 

me32

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I don't know about that. We see the value of 80s-90s car going up right now.

Maybe in January, not now. A fool and his money will soon be parted. Look at the terminator section. There not selling right now.
 

me32

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please dont buy a brand new car lol. pump that money into the stock market once you see another big hit.

Why, market isnt comming back for a while. And were still not at the bottom. Look to be around 12000.
 

nxhappy

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Why, market isnt comming back for a while. And were still not at the bottom. Look to be around 12000.
IMO 12k is far too low. 50% hit is 15k. Lowest we saw was 18k I believe. IMO it will settle around 18-19k. They are saying peak deaths will be mid april. For long term hold you can buy right now and still be ok.
 

me32

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IMO 12k is far too low. 50% hit is 15k. Lowest we saw was 18k I believe. IMO it will settle around 18-19k. They are saying peak deaths will be mid april. For long term hold you can buy right now and still be ok.

I wish you were right, but unfortunately i dont see that. We are gonna be in a modern day depression. Something most of us havent seen before.

Still recommend maxing the 401k if your not retiring anytime soon.
 

RedVenom48

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Might take some Trump Bucks and play with some stocks, but at the moment a deal on a SD for the family makes a little more sense.

If you have the means, this is DEFINITELY going to be a buyers market.
 

CobraBob

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Fortunately, nobody truly knows the future (2020) for the stock market.
 

SID297

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I suspect more than a few potential GT500 owners have lost their jobs/businesses. I'd expect those owners would back out of their order. Understandably, of course. But overall I'd imagine the enthusiasts will still want their toys.

If I had to guess, I'd say a majority of people overextend themselves financially on a regular basis. Covid-19 probably won't change those mindsets. Just my opinion.

I imagine a lot of YouTube personalities will be losing some cars too.
 

Corbic

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I imagine a lot of YouTube personalities will be losing some cars too.
Or with everyone sitting on their asses watching videos, views have tripled and now they are making it rain like they own a TP factory money.
 
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stvdman

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Not bragging at all, but the reality is that my wife and I might be in a prime spot to pick up a Super Duty. Both of use are fortunate to work for the State. We were originally going to get a Gladiator for her, but our incoming wee one wont really enjoy a vehicle like a Jeep for a few years.

I.

Deep discounts are starting to show up on the Gladiator already. WE really like ours, great vehicle to get out and enjoy nice weather in.



view
 
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Corbic

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Most don't make enough from Google to keep up on a $900/month car note.
Who are we talking about? Plenty are cashing $15k/m checks. Then you have all the merch, "give aways" and other cash grabs. Let us not forget about RAID!! THE EXCITING NEW MOBILE GAME!!

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