Wayne Grey Posted January 26, 2015 Report Share Posted January 26, 2015 How sad - the Leake Auction in Dallas report just listed an 07 Shelby GT with automatic in #2 condition sold for $21,000 while an 09 GT 500 in #2 condition sold for $38,750. No Respect. Quote Link to comment Share on other sites More sharing options...
SGT1171 Posted January 26, 2015 Report Share Posted January 26, 2015 I just don't get it. Quote Link to comment Share on other sites More sharing options...
Larry T Posted January 26, 2015 Report Share Posted January 26, 2015 It will take years for people to appreciatte how special these late model Shelby car are. Quote Link to comment Share on other sites More sharing options...
tekheavy Posted January 26, 2015 Report Share Posted January 26, 2015 How sad - the Leake Auction in Dallas report just listed an 07 Shelby GT with automatic in #2 condition sold for $21,000 while an 09 GT 500 in #2 condition sold for $38,750. No Respect. Bottom line. Cars depreciate. These aren't Picasso's. Quote Link to comment Share on other sites More sharing options...
HARALD KELLEY Posted January 26, 2015 Report Share Posted January 26, 2015 No surprise. Enjoy them for what they are! Quote Link to comment Share on other sites More sharing options...
stngfever Posted January 26, 2015 Report Share Posted January 26, 2015 Since I bought both of mine to enjoy, mine are priceless. Quote Link to comment Share on other sites More sharing options...
TheKurgan Posted January 27, 2015 Report Share Posted January 27, 2015 Not that it matters to me either but these cars are less than 10 years old. It will probably take another 20 years and several more generations of mustangs for the Shelby GT to appreciate. Quote Link to comment Share on other sites More sharing options...
ViperNC Posted January 27, 2015 Report Share Posted January 27, 2015 Bottom line. Cars depreciate. These aren't Picasso's. Yup..... Not sad at all. Expected and guaranteed. Go drive your car and enjoy because the value will continue to drop regardless. Quote Link to comment Share on other sites More sharing options...
39Mustang Posted January 27, 2015 Report Share Posted January 27, 2015 If you think the late model Shelby's will ever hold the value like the 65-70 ones, you're dreaming! Sure certain late model ones have potential but that's 20 years down the road so I suggest DRIVE IT and who gives a damn about value. If you are paranoid to drive it because you are worried about its value then you might as well sell. I own other Mustangs but my 2008 GT/SC is setup so perfect that no money would make me sell it and even though I haven't been able to enjoy it recently due to health issue as soon as I feel better I'm going to go blow the gunk out of it... DRIVE THEM Quote Link to comment Share on other sites More sharing options...
shel-b001 Posted January 27, 2015 Report Share Posted January 27, 2015 If you think the late model Shelby's will ever hold the v Quote Link to comment Share on other sites More sharing options...
2007_Shelby_GT Posted January 27, 2015 Report Share Posted January 27, 2015 Belloq: What a fitting end to your life's pursuits. You're about to become a permanent addition to this archaeological find. Who knows? In a thousand years, even you may be worth something. Indiana: Ha ha ha ha - [under his breath] - Son of a bitch. Sam Quote Link to comment Share on other sites More sharing options...
shel-b001 Posted January 27, 2015 Report Share Posted January 27, 2015 If you think the late model Shelby's will ever hold the value like the 65-70 ones, you're dreaming! Sure certain late model ones have potential but that's 20 years down the road so I suggest DRIVE IT and who gives a damn about value. If you are paranoid to drive it because you are worried about its value then you might as well sell. I own other Mustangs but my 2008 GT/SC is setup so perfect that no money would make me sell it and even though I haven't been able to enjoy it recently due to health issue as soon as I feel better I'm going to go blow the gunk out of it... DRIVE THEM +1 Hope you are feeling better soon so you can enjoy her. Quote Link to comment Share on other sites More sharing options...
Wayne Grey Posted January 27, 2015 Author Report Share Posted January 27, 2015 People, I just thought it was sad. I waited too long to get a Shelby and I do drive and enjoy it as much as I can - in fact the stable mates actually get jealous because they don't get used like they used too. Quote Link to comment Share on other sites More sharing options...
Doug_GT350 Posted January 27, 2015 Report Share Posted January 27, 2015 People, I just thought it was sad. I waited too long to get a Shelby and I do drive and enjoy it as much as I can - in fact the stable mates actually get jealous because they don't get used like they used too. I hear ya Wayne..... I waited 41 years to finally get one now I'm enjoying it whenever possible. I think the one of the reasons they are selling so low is that people just don't understand what they are, hell even some of the dealers don't know. I'm not saying they should sell for a lot but I would think they would go for a little more than $21k. Quote Link to comment Share on other sites More sharing options...
SGT1171 Posted January 27, 2015 Report Share Posted January 27, 2015 I think so too. Low mileage cars should be close to original price. Other cars that wrer made by the 10,s of thousands go for more. Example a 2002 T Bird. Quote Link to comment Share on other sites More sharing options...
TheKurgan Posted January 28, 2015 Report Share Posted January 28, 2015 Most people know the name Shelby, but they really don't know "the man" and just what all he has brought to the auto industry. I"m hoping the movie that is supposed to come out soon about Shelby will raise awareness so if you're looking to unload your car, you might get a bump in price after that movie comes out. Quote Link to comment Share on other sites More sharing options...
2+2 Posted January 28, 2015 Report Share Posted January 28, 2015 If you try to look up the value of a 07' or 08' Shelby GT on Kelly Blue Book or NADA you find it as a premium Mustang. Then after checking the Shelby package box it adds $1,500.00 dollars to the value. So that becomes the the loan value/worth to the rest of the non-Shelby fanatic world. Even for insurance cost it is viewed as a GT. Good for the buyer , bad for the seller. We all know they will be worth much more some day. I could have bought 67' Shelbys for $5,000.00 all day in 1977. Quote Link to comment Share on other sites More sharing options...
SGT1171 Posted January 29, 2015 Report Share Posted January 29, 2015 Yes. I don't think NADA, etc. take much more into account than age and mileage. And the auto values seem to go down every year regardless. Sellers on Autotrader ask much more. I've noticed some other unique cars going up on Autotrader over a few years, while the guides continue to depreciate them. Quite a disconnect. Quote Link to comment Share on other sites More sharing options...
ChicagoChris Posted January 29, 2015 Report Share Posted January 29, 2015 Well, something is only worth what someone else will pay you for it. The pricing gap between the SGT and GT500 in my opinion is knowledge and speed. Some folks still don't understand a pre vs post title modification and others don't care. Drive what you like and if your passionate about it, all the better. Quote Link to comment Share on other sites More sharing options...
stngfever Posted January 29, 2015 Report Share Posted January 29, 2015 If you try to look up the value of a 07' or 08' Shelby GT on Kelly Blue Book or NADA you find it as a premium Mustang. Then after checking the Shelby package box it adds $1,500.00 dollars to the value. While this appears true for KBB, it's not the case with NADA where they have Shebly GT as one of the choices vs. "Shelby Package" the difference on NADA between a 2007 mustang GT and Shelby GT is ~ $5,700 Clean Retail for a 2007 SGT with 30k miles per NADA is $23,700 For those that paid full price and/or +ADM this equates to ~$19k+ depreciation. Similarly the 2007 GT-500 NADA clean retail is $29,700 with original MSRP of $45 = $15.3k+ depriciation Quote Link to comment Share on other sites More sharing options...
LuLu Posted February 23, 2015 Report Share Posted February 23, 2015 (edited) Well, something is only worth what someone else will pay you for it. The pricing gap between the SGT and GT500 in my opinion is knowledge and speed. Some folks still don't understand a pre vs post title modification and others don't care. Drive what you like and if your passionate about it, all the better. Gawd, this is so true. I spent what I feel is too much money for my Shelby GTs. And I have spent a sinful amount of dollars on mods. But, I cannot worry about that, it's just money and I am a bad at money. Both cars were investments in my future...Investments in fun, learning, meeting people, great people, people I never would have met on my own. All of this is the payoff, the return on the dollars. And when it comes to people, folks like y'all and even when you don't like me or what I post...well, it's all priceless to me. The guy who sold that Shelby GT...all he thought about was how much money he got for his Mustang. Maybe he'll go find another one and fool everyone again, cause to him, it's just a Mustang. "Fools...all y'all. How dumb can ya get." Hehehehehe...sshhh...nobody tell him, k? Y'all be safe. Edited February 23, 2015 by LuLu Quote Link to comment Share on other sites More sharing options...
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