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rush0024
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Sold for $80k, plus 4.5% fee comes to $83,600. Definitely not as strong as BAT, considering it was a 2019 with only 250 miles on it. I wonder if we may be seeing the beginning of the market leveling off.
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Well it looks like we have another BAT coming up in a few days, a white 2017 with 6k miles, so that should be a good test.
And I agree, $8k over sticker is nothing to sneeze at.
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brokenblinker
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I think BAT is a really poor indicator for the overall market. Everything looks really expensive on BAT because you are paying the middleman to do your due diligence.
While shopping, I have multiple people in my area (most expensive area in the country) at anywhere between 60-62k for 2019 GT350s with ~15K miles in good condition (including dealers). I see others (sometimes in colors I prefer) at closer to 70K, but I'm not paying 10K for a color difference.
This is obviously only a small anecdote on a particular year/mileage/trim.
While shopping, I have multiple people in my area (most expensive area in the country) at anywhere between 60-62k for 2019 GT350s with ~15K miles in good condition (including dealers). I see others (sometimes in colors I prefer) at closer to 70K, but I'm not paying 10K for a color difference.
This is obviously only a small anecdote on a particular year/mileage/trim.
oldbmwfan
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BaT does no diligence at all. Prices are high because it has huge reach and has developed a reputation as a place to get interesting cars, and because its engagement model works and gets bidders wanting a particular car, so they open their wallets more. There is no value added directly by BaT beyond bringing the car to the audience.
stanglife
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Will be interesting - not many Rs with those miles have sold...2017...might be a little lower but not becuase the market is changing, because there are many newer examples with less miles available.
stanglife
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I'm not sure a 2019 GT350 w 15k miles at 60-62 is an indicator that prices are going down - I think it's quite the opposite.
brokenblinker
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Oh it's definitely up since a year ago. Just also definitely down from two months ago (again, disclaimer for my particular area and the range of year and mileage I'm looking for.)
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stanglife
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That's pretty much MSRP almost 2 years later and 15k miles while not a lot overall, is quite a few compared to some of the garage queens out there. If a 19 w 15k miles is worth 62, when what is a 19 with 2000 miles worth? $66k? This market doesnt help but I think we are also seeing a combo of how great these cars are at their price point and the average prices of all cars creeping up.
These cars (not meaning Mustang but what the GT350 has become) dont follow normal depreciation curves. Maybe the non-R will be pulled down some based on production volume alone but can you imagine seeing Rs w/ carbon wheels dropping into the mid 40s? I don't see it. Normal passenger cars devalue to near zero. Trucks are always worth money...and specialty cars like this will have a hard bottom. Mid 40s, I'll be picking up a second R, but I don't see it happening. I don't see GT350s in the 20s or even too far into the 30s, either. Of course, world events can change everything ;)
R Car
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The white 2017 R with 6k miles sold on BAT for $67,350 ($70,717 after fees).
And a black 2017 non-R with 9k miles sold for $51,000 ($53,550 after fees).
I suppose it could be the higher mileage, or that they were a couple years older, but I wonder if things are leveling off overall...
And now another 2019 is up, with 2,700 miles:
https://bringatrailer.com/listing/2019-ford-mustang-gt350r-4/
stanglife
Well-Known Member
People aren't dumb - and BAT buyers are seeing other low mile cars go across the blocks - I think the miles and the early production dates (compared to cars 4 model years newer) definitely keep some of these down.
The 19 with 2700 miles is borderline too high miles for these guys appetites, IMO...but will probably bring some money...that color is great, too , which helps.
526 HRSE
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Don't say that around here. There are guys that want to believe that only their car is going up in value, while other are just overinflated. lol
stanglife
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Used Mustangs... so they've been making them forever - what cars are included to come up with it? 350s are certainly not up 40% lol, or mine would be sold already. Big difference between a $2000 used mustang now selling for $3000 and a $50k car selling for $75k lol. Both 50% though!
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