74 Pantera sold at Monterey

Thank you Mark for this report. We believe prices have been moving consistently upward and especially on good cars. We expect that a controversey will be started shortly by one journalist who is critical of "high" prices on Panteras. You should be learning about this shortly. I believe that a vocal but small minority of owners have some type of beef with owners who try to get top dollar for their Panteras, even though they seldom recover what they have invested. Sadly, one of these owners is using his pulpit to launch his opinion. I look forward to learning what the reaction will be of our members and visitors to this Bulletin Board. Dave

Dave, what form will this bully pulpit take?? Will it be on TV or some magazine??

Classic lines, brute American power, easy to work on, thrill of driving, limited production, "clean and nicely updated" for under 50 grand.........yeah I think Panteras are over priced, maybe would should just crush them and and save ourselfs from this foolish past time of ours. For those that think Panteras are over priced, go buy yourself a Porsche, or a Ferrari. IMHO this board has no room for Pantera haters, to the seller of the grabber blue 74 " good for you" .

I think the Pantera has been undervalued for some time.
You cannot beat the look & performance of this type of car vs others.
I still think many in the classic sports cars world still look down on the Pantera and can see no justification to prices like the one referenced here.

Especialy with Ford re-introducing the GT. It has created an awareness of powerfull mid-engine exotics. The Pantera is selling for one third what that vehicle is and I have seen some Panteras on these pages that would blow that GT away. At least on paper.
The more I think about it the madder I am getting. Dave give me the name and addy of that guy. I need to break someones legs.

quote:

Originally posted by Whiplash:
Thank you Mark for this report. We believe prices have been moving consistently upward and especially on good cars. We expect that a controversey will be started shortly by one journalist who is critical of "high" prices on Panteras. You should be learning about this shortly. I believe that a vocal but small minority of owners have some type of beef with owners who try to get top dollar for their Panteras, even though they seldom recover what they have invested. Sadly, one of these owners is using his pulpit to launch his opinion. I look forward to learning what the reaction will be of our members and visitors to this Bulletin Board. Dave

Dave,
Where will this report be posted?

Kevin

I have not seen the actual magazine but I have seen the editorial. It will appear in POCA Profiles, written by Editor Mike Drew.

A pantera is what it is. A 31+ year old car. Great looks and effortless performance plus Italian brio make the pantera one of the most fabulous world cars ever powered by Ford. Why would anybody bad mouth the car especially an owner of one? #7260

quote:

Originally posted by Whiplash:
I have not seen the actual magazine but I have seen the editorial. It will appear in POCA Profiles, written by Editor Mike Drew.

Mike Drew?? Mike Drew is badmouthing Panteras??? I can't believe my eyes.

There was no bad-mouthing Panteras. His editorial will concern what he views as ridiculous prices for Panteras set by PI Motorsports. I do not believe the piece was supported by current market data and PI Motorsports was not contacted for our view until after the editorial went to press. Asking prices are set by the owners of cars on consignment at PIM and are not always the actual selling prices. As I have said in the past, often times the most negative individuals regarding Panteras pricing are some Pantera owners. Now that the issue is surfacing, this can be examined and debated by the membership. When Mustangs and Camaros bring more than Panteras (not the real rare models), I hardly believe our cars are overpriced.

Heck, no one sets prices. It is a free market and the prices will go up and down based on supply and demand. PI is offering the community a valuable service. You can not sell a panetera for more than someone is willing to pay and you can not buy one for less than what someone will sell. This is America damn it, not communist Cuba or whatever. We all set the price, not the government or some aristocratic class of morons.
Give me his address. I need to pound some sense in to him.

I'd have to agree with DeTom. The price is seriously influenced by marketing. If you advertise locally or in a club newsletter you've got a smaller audience. Even the PI/POCA magazines only have around 1000 members (+/-). PI happens to have the most visible showroom and website of all the vendors for Pantera's. I bought my car in a remote town in AZ. The previous owner was advertising in a national magazine (Autoweek) for several months and had lots of calls and interest but no visits. Had he taken his car to PI it would have sold much faster and for at least 10k more than I could have afforded! Yes you can do better than the price at PI but it takes time, effort, and lots of research. For new owners it's often harder to get started because they haven't made the connection to POCA, PI, and local clubs. That's where the best help can come from when searching for the "right" car. i.e. I have a friend of a friend who know of a car thats...

P.S. The articule was reasonably presented...

thanks Rick

Rick from Phoenix...you have the white car?

Disregard having to answer, Rick, I just checked the AZ site.

RS the name above yours

quote:

Originally posted by Whiplash:
Thank you Mark for this report. We believe prices have been moving consistently upward and especially on good cars. We expect that a controversey will be started shortly by one journalist who is critical of "high" prices on Panteras. You should be learning about this shortly. I believe that a vocal but small minority of owners have some type of beef with owners who try to get top dollar for their Panteras, even though they seldom recover what they have invested. Sadly, one of these owners is using his pulpit to launch his opinion. I look forward to learning what the reaction will be of our members and visitors to this Bulletin Board. Dave

Dave,
All I'll say is if a man can't appreciate a fine looking woman pictured next to Italian exotica, he loses much credibility with me.


Josh

I feel the article was reasonably presented to and didn't harm PI or the Pantera.
Basically Mike Drew was just expressing his own opinion and observations.

when all of you guys sell your panteras for 30k you will be sorry. because you cant have any of mine for under 75k. no.4026 no.3497 and mangusta no.570

Thanks Mark for your observation. I hope this is the interpretation other readers get. My concern is that this was an opinion piece that I believe was unsupported by up to date market data and that PIM was not given a chance to give our side. PIM has been selling Panteras for nearly 10 years and has probably sold more in recent years than any other dealer. I am unfamiliar with the author's sales experience but believe he has not sold many cars or worked with owners that have invested 50-100K in their cars and hope to recover a good part of it. A blanket conclusion that Panteras bring 35K is without value when none of the assets the car has or doesn't have are articulated.

However, if the typical owner concludes after reading the editorial that when it comes time to sell, go to PI Motorsports to receive top value, then, the article serves a useful purpose. The author could have also made his point without singling out PI Motorsports. Has anybody ever checked on the prices that Hall Pantera, Wilkinson's and Pantera Performance have obtained for their customers? Some research would have been more helpful than the published conclusions which are devoid of any meaningful statistics such as those presented on this BB.

I have 31 years of experience with Panteras as an owner, publisher, dealer, chapter President, event organizer, racer and you name it. I believe I am engaged with the Pantera community well enough to state that the article was a low blow and represents outdated and wishful and magical thinking. Wouldn't it be nice if we could buy a real Cobra for $35K? Dave

Well Dave some people get a little out of touch with how much things cost. Sometimes they get sticker shock. So if you give me Mikes address I will re-aquint him with current costs of medical treatment. It may have been awhile since he visted the emergency room and he may be out of touch with that too.