Believe quite a few cars are being sold the past few months.
Just curious as to what some of the cars have been selling for.
Tom
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I think you're right on that one. I've been hard at watch (since I'm now a big time Pantera investor!) on various sites.
Sorry I've ONLY been watching the 'original' examples that are #1 to #2 cars. Recently at Colin's Classic Cars a mint 74 with very few bolt on upgrades and original paint had an asking price of $64,500. Now sold. Do not know the sales price.
At Hyman LTD, a 73 (though listed as a 74) in dark green (exceptional repaint) and 22,000 miles also listed at $59,500, sold in his words "low-50's".
Seems a little applause is in order.
Sorry I've ONLY been watching the 'original' examples that are #1 to #2 cars. Recently at Colin's Classic Cars a mint 74 with very few bolt on upgrades and original paint had an asking price of $64,500. Now sold. Do not know the sales price.
At Hyman LTD, a 73 (though listed as a 74) in dark green (exceptional repaint) and 22,000 miles also listed at $59,500, sold in his words "low-50's".
Seems a little applause is in order.
Here is a perspective for you:
Been tracking vehicles for the last couple of weeks and here are some numbers and averages.
This information is in public domain so it can be quoted here. I also included some vehicles that were not sold to give you an idea of what the market will pay and not pay. It would indicate the mean average price of the consumer looking for a vehicle of that type. These cars would have sold if the auction reserve was lower. This just indicates what folks will pay.
Relating to E-BAy auctions: Cars that list numerous upgrades and have very detailed ads with lots of pictures did better than cars with small undetailed ads. Amazingly cars that described serious issues do better than non detailed ads.
Seem to be no difference in final selling price in vehicles selling for 10 days or 7 days on E-bay.
Cars currently listed for sale with various dealers were not included as they inflate the average cost. Another words some of these cars have been listed for $40,000. They may be worth $40 K but have been waiting for that right buyer to come along and and the seller is not motivated to sell the vehicle so there they wait until someone with the cash comes along and claims it. These situations do not represent any reasonable form of liquidity in the market so they were excluded from the sample.
Several high end rocket ship type of vehicles were left out as the modifications were so great the car did not represent what was commonly available in the market space. They sold for significant dollars to folks who are looking for the non average 500 to 800 HP beasts. High end niche buyers.
I also left out some rust buckets (unsafe to drive) but exect to see those in the mid to low teens.
1971 33,000 Average Sold Ebay
1973 23,660 Average Sold Ebay
1971 27,521 Average Sold Ebay
1973 28,000 Average Pending other
1974 31,500 Average Pending other
1972 29,950 Average Pending other
1972 29,950 Average Sold other
1971 25,000 Average Sold other
28,573 Average selling price
1973 33,100 High Sold Ebay
1972 34,000 High Not met Ebay
1974 28,000 High Not met Ebay
1972 27,400 High Not met Ebay
1972 27,252 High Not met Ebay
1973 31,600 High Not met Ebay
1972 30,000 High Pending other
1972 30,193 High Sold other
30,188 Average selling price
1971 21,512 Low Sold Ebay
Descripription
High
means the car will require little to no work, everything works on the car and some limited performance upgrades exist. Surprisingly this included 2 show cars that sold in this sample.
Average
car is a 10 footer but functions and needs minor repair under $5K
Low
This car needs love and has rust problems or other signifncant repairs that will require more the $ 5K
Other: Sold through a newspaper ad Crags list or other site.
So what does this tell you ? If you are careful and wait for the right opportunity you can purchase an excellent vehicle in the high $20K to mid $30k range. The difference in price between an average car and a high car is not significant at this time.
The market for the most expensive vehicles is soft but the mid range or average is going very well.
High end price expectations are not being met. Cars languish on various web sites for months at a time. These cars are on consignment or just in a classified ad and seller is not motivated so there they sit waiting for the correct deal to come along. I am aware of one that sat with a consignment dealer for a year before bieng sold. Orignal ask was $40K final selling price $25K
Prices are definatly increaing with time and seem to be up about $10K on average from 2001 to 2002. This is a strong indicator that well preserved and maintained vehicles will increase in value. Looking at the cost ratios of other exotic cars from the same time period the Pantera does well.
These cars attract a very selective audience.
Amazing the kind of stuff I can come up with when I do not eat lunch. I do a lot of this type of analysis work in different markets. These are opinions based on a defined and limited sample and like everything subject to other opinions.
Been tracking vehicles for the last couple of weeks and here are some numbers and averages.
This information is in public domain so it can be quoted here. I also included some vehicles that were not sold to give you an idea of what the market will pay and not pay. It would indicate the mean average price of the consumer looking for a vehicle of that type. These cars would have sold if the auction reserve was lower. This just indicates what folks will pay.
Relating to E-BAy auctions: Cars that list numerous upgrades and have very detailed ads with lots of pictures did better than cars with small undetailed ads. Amazingly cars that described serious issues do better than non detailed ads.
Seem to be no difference in final selling price in vehicles selling for 10 days or 7 days on E-bay.
Cars currently listed for sale with various dealers were not included as they inflate the average cost. Another words some of these cars have been listed for $40,000. They may be worth $40 K but have been waiting for that right buyer to come along and and the seller is not motivated to sell the vehicle so there they wait until someone with the cash comes along and claims it. These situations do not represent any reasonable form of liquidity in the market so they were excluded from the sample.
Several high end rocket ship type of vehicles were left out as the modifications were so great the car did not represent what was commonly available in the market space. They sold for significant dollars to folks who are looking for the non average 500 to 800 HP beasts. High end niche buyers.
I also left out some rust buckets (unsafe to drive) but exect to see those in the mid to low teens.
1971 33,000 Average Sold Ebay
1973 23,660 Average Sold Ebay
1971 27,521 Average Sold Ebay
1973 28,000 Average Pending other
1974 31,500 Average Pending other
1972 29,950 Average Pending other
1972 29,950 Average Sold other
1971 25,000 Average Sold other
28,573 Average selling price
1973 33,100 High Sold Ebay
1972 34,000 High Not met Ebay
1974 28,000 High Not met Ebay
1972 27,400 High Not met Ebay
1972 27,252 High Not met Ebay
1973 31,600 High Not met Ebay
1972 30,000 High Pending other
1972 30,193 High Sold other
30,188 Average selling price
1971 21,512 Low Sold Ebay
Descripription
High
means the car will require little to no work, everything works on the car and some limited performance upgrades exist. Surprisingly this included 2 show cars that sold in this sample.
Average
car is a 10 footer but functions and needs minor repair under $5K
Low
This car needs love and has rust problems or other signifncant repairs that will require more the $ 5K
Other: Sold through a newspaper ad Crags list or other site.
So what does this tell you ? If you are careful and wait for the right opportunity you can purchase an excellent vehicle in the high $20K to mid $30k range. The difference in price between an average car and a high car is not significant at this time.
The market for the most expensive vehicles is soft but the mid range or average is going very well.
High end price expectations are not being met. Cars languish on various web sites for months at a time. These cars are on consignment or just in a classified ad and seller is not motivated so there they sit waiting for the correct deal to come along. I am aware of one that sat with a consignment dealer for a year before bieng sold. Orignal ask was $40K final selling price $25K
Prices are definatly increaing with time and seem to be up about $10K on average from 2001 to 2002. This is a strong indicator that well preserved and maintained vehicles will increase in value. Looking at the cost ratios of other exotic cars from the same time period the Pantera does well.
These cars attract a very selective audience.
Amazing the kind of stuff I can come up with when I do not eat lunch. I do a lot of this type of analysis work in different markets. These are opinions based on a defined and limited sample and like everything subject to other opinions.
> At Hyman LTD, a 73 (though listed as a 74) in dark green (exceptional repaint)
> and 22,000 miles also listed at $59,500, sold in his words "low-50's".
It was originally listed at $65K then reduced to $62.5K. It had the late
rubber bumpers and early two pod dash.
Dan Jones
> and 22,000 miles also listed at $59,500, sold in his words "low-50's".
It was originally listed at $65K then reduced to $62.5K. It had the late
rubber bumpers and early two pod dash.
Dan Jones
Hi Dan as with everything there are extremes. If you look at the number of vehicles advertised for sale and the time on market you will see that these high end vehicles sales tend to be one offs rather than a normal sale. A lot of hihg end cars are sitting in the exotic car market right now
The inability to meet the reserve on a number of EBay auctions is an indicator of the average market price and what people are willing to pay or not pay in this case.
This is good news for folks who want to buy and preserve, bad news for folks who want maximum dollars.
Their is also a difference in who attends the Hyman auction and who bids on line with E-Bay. My guess is if all Panteras were sold through Hyman the average sales price would increase.
The inability to meet the reserve on a number of EBay auctions is an indicator of the average market price and what people are willing to pay or not pay in this case.
This is good news for folks who want to buy and preserve, bad news for folks who want maximum dollars.
Their is also a difference in who attends the Hyman auction and who bids on line with E-Bay. My guess is if all Panteras were sold through Hyman the average sales price would increase.
I have noticed this as well. There do seem to be a lot of pretty good cars in the mid-twenties to low-thirties including a few on this site. That seems to be the meat of the market.
Going once going twice going a third time VIN Number: THPNMG03389
Remeber this unmolested original e-bay car. Its back with lots of pictures this time. It says in the ad who defaulted on the bid. As with everything thier will be 2 side to the story. Item number: 180046960876
Remeber this unmolested original e-bay car. Its back with lots of pictures this time. It says in the ad who defaulted on the bid. As with everything thier will be 2 side to the story. Item number: 180046960876
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For any one who is thinking about buying a car off E-Bay read the string titled Nice in the car for sale section on the forum.
This unmolested car listed in the last post is featured in that string and shows what can happen and how cars can be severly mis-represented.
An amazing string thanks for the excellent work guys. I think you can understand why the listed three times after you read it.
This unmolested car listed in the last post is featured in that string and shows what can happen and how cars can be severly mis-represented.
An amazing string thanks for the excellent work guys. I think you can understand why the listed three times after you read it.