A guy in my garage has a 1967 Mustang that is completely rebuilt by these guys:
revologycars.com
Back on July 21 you roasted me when I wondered why you thought "40" was insane. Now you say 35 and the number is going up weekly. Using my math it appears the number is going down. Am I missing something?
Looks like lower today than July 21. But prices are down too. In first week of June when I sold, the lowest car was at $525K. Today many are under $500K. Maybe dealers are adjusting prices to move inventory, as they should. Couple of recent Mannheim numbers are very bad. $20-30K over sticker is very bad compared to past, but maybe it’s because those cars have been driven…..
39 on Autotrader...not much movement.
Prices are still a tad unreasonable. I purchased my new 2022 EVO RWD 10 months ago and it is decently specced for $264K + GGT + Dest Charges. In fact back in June of 2020 I purchased a 2019 580-2 with 1600 miles for $197K + free shipping.
Prices still high compared to historical depreciation. Current owners did well!
For a quarter million dollars, you’d think it would text you if something happens to it.A guy in my garage has a 1967 Mustang that is completely rebuilt by these guys:
Revology Cars
Revology Cars presents the world's first brand-new reproduction classic Mustang. We bring modern technology and classic style together like never before.
Absolutely beautiful car but I think they cost around mid six figures to build.
Adjusted to $479K. Didn’t make sense at $431K because they paid $422K for it. Not sure if they will be successful selling it. Ilusso had this car for sale at similar price a while back, as pointed out by another poster here.
Their description is funny. “ SOUTH FLORIDA'S PREMIERE SUPERCAR WHOLESALE BUYING CLUB.”
Yeah, strange. Too many low priced STOs in Florida for that car to be competitive with that price/mileage.
They end up being brand new cars inside and out so in a weird way its kind of worth the price tag.
Good luck because this car has been sitting on the market for months. I think by end of this year STO's will be selling in the low 4's assuming they sell because they're starting to pile up.
I agree. If ilusso couldn’t sell it, they will struggle too. Plus Florida has a bunch of lower priced STOs. You’re more bearish than me, as I only see the super basic ones get to $450K asking retail at end of year.
www.mecum.com
