I have been dealing in vintage automobiles for many years. I can tell you within a few hundred dollars what most classics will bring in the current market. However I am apparently badly out of touch with late model pricing.
I took in a 2001 Mustang GT a few years back in trade. It was a very clean, nice car, so I kept it and my wife drove it. We are in central texas and everything here is 100 miles away so mileage piles up fast.
This year I decided to sell the GT and checked the NADA and Kelly book trade in values. It needs tires so I knocked 500 off the book and listed it for sale.
Then I started checking recent comp sales. I was floored. The only ones that were selling were around 50% of book. Some approaching 60% but nothing near trade-in book value. I know when a new model comes out it generally hurts the previous series, but this is ridiculous.
Has anyone else run into this on late model stangs?
L.C.
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