Predict price on used 2020 GT500???

[doccoch]

We are going to start seeing a few used 2020 GT500's here and there soon. A few people will have buyer's remorse, move on after a few hundred miles, divorce, bankruptcy, fall out of love, realize too much power, whatever....

What do you think price points will be? Will we still be over comparitive MSRP depreciation with only a thousand miles or less?

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[Droopy1592]

I don’t know but If I decide to move to DCT in my old age, this is how I do it.

 

[Tomster]

Just like the GT guys drooling over a cheap GT350.

It wont be any time soon.

 

[Concrete GT]

I already saw one with 5 miles on it for $105,000.....I love the Shelby name..yeah that was for a base.

 

[Boss2013]

MSRP for at least two years. I sold my GT350R for MSRP fifteen months and 18,000 miles from when I purchased it new.

 

[Tomster]

^^^ maybe for the base

 

[doccoch]

MSRP for at least two years. I sold my GT350R for MSRP fifteen months and 18,000 miles from when I purchased it new.

 

[Braski]

MSRP for a slightly used base until order banks for the 2021 open up.

 

[Tomster]

This whole thing seems so very familiar. Kinda like the GT350 sales model? It will be years.

 

[IceAge]

The rarity of the car will be the deciding factor. Simple economics supply and demand will dictate the market pricing. Imo many years before any deals. And unless something bigger and badder comes along which can’t see that either. So to answer the op question MSRP and or a little off for the next 2-3 years.

 

[thill444]

The rarity of the car will be the deciding factor. Simple economics supply and demand will dictate the market pricing. Imo many years before any deals. And unless something bigger and badder comes along which can’t see that either. So to answer the op question MSRP and or a little off for the next 2-3 years.

I agree and also assuming there are not major issues with the car which will turn buyers away (we are seeing that with the 350 to some degree due to oil/engine issues).

There is also the economy. If there is any type of course correction with the economy (which is inevitable) it could impact people who are shopping for $80-100K+ sports cars. As we saw back in the last recession there is a direct connection to new car/luxury car/sports car sales.

I would say the C8 hitting the streets in the next few months and especially the Z06 which should be out in 2021. But for the next 12-18 months I can't imagine seeing much discount on used GT500's if there are no other major outside influences.

 

[trevman2]

Heres a used golden ticket local in Texas:

 

[Schwerin]

This whole thing seems so very familiar. Kinda like the GT350 sales model? It will be years.

Dealer near me has had 2018 GT 350's sitting on lots so long they are asking like 8K -10K under MSRP. There was a Yellow one by me when bought my BULLITT. It's STILL sitting and at 53K right now. They only wanted 1k under MSRP when I got my Bullitt in March 2019.

If GT500 sales go like that then in 3-4yrs we'll be seeing discounted new GT500's and used ones dropping lower than that.

 

[Tomster]

Dealer near me has had 2018 GT 350's sitting on lots so long they are asking like 8K -10K under MSRP. There was a Yellow one by me when bought my BULLITT. It's STILL sitting and at 53K right now. They only wanted 1k under MSRP when I got my Bullitt in March 2019.

If GT500 sales go like that then in 3-4yrs we'll be seeing discounted new GT500's and used ones dropping lower than that.

Sounds plausible. As long as there is demand, there will be markups.

 

[Schwerin]

Sounds plausible. As long as there is demand, there will be markups.

Really just depends on how much they flood the market. I feel like the 350 and Bullitt were over produced. They didn't get a great read on the market. Bullitt is already 4-5k off and it's just started it's 2nd year. I'm not sure why they made almost 9k the first year. They could have slowed 2017 and 2018 GT350 production but didn't. I think the 2019 revision slowed 18 sales even more.

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