Whats funny is.... Hagerty has my 00R valued at 50k if anything were to happen to the car.
The new Cobra R for sale and want to buy thread
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Whats funny is.... Hagerty has my 00R valued at 50k if anything were to happen to the car.
MorganWorth
Active Member
The #1 values are at least close to current market trends. We only see #1 cars trading it seems like.
I'd pull from my retirement funds if I needed to, to buy any year R in great condition at those Hagerty prices. Better investment at that point than any stock I own, and I don't get taxed on the enjoyment dividend. I have owned a couple 95s and own one now. A no story 2000r for $25K? Sure like to see that.
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.
Doc
Well "put". Without naming names, we have had others in a similar position do the same in the past, talking up to artificially inflate certain "markets", and in the end, their reputation was knocked down a few notches by the "conflict of interest" and the "manipulation" of said market(s) by "shilling to make a market"......
Bill S.
Well "put". Without naming names, we have had others in a similar position do the same in the past, talking up to artificially inflate certain "markets", and in the end, their reputation was knocked down a few notches by the "conflict of interest" and the "manipulation" of said market(s) by "shilling to make a market"......
Bill S.
Proof is in the pudding, or bidding. 500 mile car just sold at Mecum for $42K. Seems about right. 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. It's been done before. Ask the people that paid $100K for a 93R and bought said 93R from someone that paid under $30K for it.
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Who cares..Boring....I HATE talking FINANCIAL MKT CRAP...it's a MUSTANG site...are my going long calls short the put so am I buying the vols...what the IV on Morganworths long calls what's the strike ??...maybe He should use a synthetic derivative spread lmfao!!.....In the end if the economy gets better the limited edition R's should be in demand by kids who could not afford them when they were younger..thank you Morganworth for your input....here's my book...the R's are cool I like em....Mustang site dude...keep it fun
Things that make you go hmmmm... Here is one of "Dennis Collins" collection that set a "world record", that now happens to be for sale again.
http://www.ebay.com/itm/1993-Ford-Mustang-LX-/292023483204?&_trksid=p2056016.l4276
http://www.ebay.com/itm/1993-Ford-Mustang-LX-/292023483204?&_trksid=p2056016.l4276
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?
Looking for a 1993 R driver car . Do not want a wrapper or bubble car. Thanks
Ben
Ben
I've been studying and watching the car market.
I think it was 2014 when most cars hit their high prices. It seems a flat market or a slowly downward market for most Ford cars.
Many other cars (mostly Chevy's) are spiraling downward in a quick rush to the bottom.
I'd say at least wait for lower prices at the end of the year for the car market (or maybe longer). I have no conflict of interest since I don't trade in used cars.
I think it was 2014 when most cars hit their high prices. It seems a flat market or a slowly downward market for most Ford cars.
Many other cars (mostly Chevy's) are spiraling downward in a quick rush to the bottom.
I'd say at least wait for lower prices at the end of the year for the car market (or maybe longer). I have no conflict of interest since I don't trade in used cars.
MorganWorth
Active Member
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.
Bottom line is, I'm just a dirtbag who owns a dealership and have only been on this site for a few months.
Have you seen the amount of bidding going on with this car and the amount of the current bid??? This is pretty funny.
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.
MorganWorth
Active Member
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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.
MorganWorth
Active Member
If you subscribe to the magazine you can see my commentary on the one R (1995) I wrote about, lol. To paraphrase, I said it was my car upfront and that the market speaks for itself, pretty impartial if you ask me. I'm not writing about a market, I write about auction results, maybe once a year.
As for the investigative journalist idea, sounds cool, but when your onsite with the responsibility of viewing over 1000 cars in a few days time, the last thing you have time to do is be Matlock.
Cheers
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