GT350R Valuations Declining?

[PP0001]

what does "blend" mean, anyway?

Blend date is the estimated build date for your car and in most cases is quite accurate.

Attached is a copy of the original window sticker from my 2012 Pilot Production Boss 302 (PP0002) showing the "Blend Date" or "Build Date' which was off by one day as you can see from the Ford Certificate Of Authenticity. That car was a PW 4 seat Boss 302.

Note the Blend Date on the upper left of the PW Boss 302 showing "120101025" which means built October 25th, 2010.

The next original window sticker is for a 2012 Pilot Production Boss 302 LS (PP0001) with the outer edge of information missing compared to the 4 seat Boss 302.

Not all WS's come with the outer edge of information for our cars as some are obviously missing.

Hope this information helps a little.

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[Tomster]

what does "blend" mean, anyway?

That is when the car actually begins the integration from a generic chassis to the ordered specification.

Edited to add: damn Harry, beat me to it.

 

[svttim]

Speaking of values of muscle cars, especially more modern cars... Did anyone catch the GNX that just sold on BaT for $200k?!!!
https://bringatrailer.com/listing/1987-buick-gnx-2/

Now, we're talking about an absolute time capsule with 8 miles on it, and it's never been used. It was not even prepped for delivery, ever!
Factor in that this might be one of THE rarest and most collectible cars built after the death of the muscle car wars in the `70s, there were only 547 made, ever. And this car was an instant collector's car with a big, bad reputation on the street from the day it rolled off the line. Hell, it probably sold for way more than sticker price, which would further reduce your 6.1% number.

Now let's do the math...

So someone bought this car for $30k in 1987. 32 years later it sold for $200k. If I did the math correctly, that's 6.1% annual rate of return (not counting the storage and upkeep costs, not to mention sales tax, and any maintenance it may have needed, if any).

In Excel:
=((End Value/Start Value)^(1/Periods) -1 = Formula for calculating annualized ROI
=((200000/30000)^(1/32)-1) = GNX sold for $200k/ bought new for $30k, 32 years later

6.1% = annualized rate of return over 32 years.

Yea, I'm not thinking my GT350 is going to be worth much at any point. I'm just hoping it won't go down as fast as a regular GT or something like that.

30K in 2018 dollars is 66K.

 

[AdamIsAdam]

30K in 2018 dollars is 66K.

Right, but that's not what I was calculating. I was simply calculating the ROI over 32 years.

 

[oldbmwfan]

Right, but that's not what I was calculating. I was simply calculating the ROI over 32 years.

S&P 500 from 1/1/1987 to 1/1/2019 had an average 7.4% growth rate.
From 1/1/1987 to the date of sale was 7.6% growth. If my math is right, at 7.6% p.a. $30K in the S&P would now worth $314K instead of $200K.

Very few cars make great investments. This GNX did very well, but as you noted above there are all kinds of carrying costs to keep a car in that condition for 32 years, and even excluding those he didn't beat the market.

My takeaway (yours may vary): drive and enjoy the cars, and if you make a buck or lose less than average, that's just upside to the experience you're paying for.

 

[svttim]

S&P 500 from 1/1/1987 to 1/1/2019 had an average 7.4% growth rate.
From 1/1/1987 to the date of sale was 7.6% growth. If my math is right, at 7.6% p.a. $30K in the S&P would now worth $314K instead of $200K.

Very few cars make great investments. This GNX did very well, but as you noted above there are all kinds of carrying costs to keep a car in that condition for 32 years, and even excluding those he didn't beat the market.

My takeaway (yours may vary): drive and enjoy the cars, and if you make a buck or lose less than average, that's just upside to the experience you're paying for.

Ford GT was one of a very few that beat the market

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