im looking for a 05 blk carrera gt for a friend of mine. hes looking to spend about $340k

 

Prices are stabilizing and going up Sean. I don't know the exact numbers, but good luck my friend! If I see or hear anything, I'll be sure to post up.

 

http://formula-1-sport-cars.ebizauto...t-2119849.html

 

i can get you a black GT.
the market price on this car is ~$400k though

 

I'm not sure what Formular One is asking for their's, but thay are usually at the lower end of the spectrum.

 

This car was Tony Kanaan's and is now gone to Canada. He's going to have to go pretty high mileage (for CGTs) to get in the $340s.

 

I just started looking a few weeks ago and I was surprised to see how much CGTs have increased in value in the last six to eight months. That being said I'm wondering if there will be some negative pressure from the economy that could soften values a little.

Before someone chimes in about limited production, supply/demand, crashed cars, exported cars, etc. - yes - I realize these are all factors that could maintain (or even increase) values. I guess the million dollar question is ... buy now and hope prices hold steady (or increase) or wait and hope values soften a bit.

Anyone have a crystal ball?

 

I thought that one was TK's since it had tint and the AWE exhaust.

 

My crystal ball says that CGT values will not decrease because of economic pressure. My only logic for that is because I think the typical buyer in that price range is less affected by economics.

Just a thought. I wish they'd come down too but I'm not holding my breath.

 

The people that are first to tell you they are only going up are the same people that 12-18 months ago said they were only going down. I think prices stabilize around current prices to $50k lower than here as the cars are running out of warranty and that should cap prices in the short term. The more difficult issue going forward will be just finidng as many clean low mile cars. But like you said, nobody knows for sure, maybe they do keep going up as fast as they have over the past 12 months, but I doubt it.

 

The weak $ will continue to keep prices high (or higher), since the US cars will be very attractive to the rest of the world. It was the shipment of cars out of the US (to Germany and the UK) that caused the turn around in the first place.

 

I am looking for an '08 GT3 Orange RS at 120K!

 

probably will have to get one with higher miles to be in the 340K range on a 2005. it seems like most of the 2005 cgt's are now in the high 300K or low 400K range.

 

Black commands a higher premium than silver

Black low miles is floating around 400

 

dead on

people can ask whatever they want all day long, even 400k
its what they actually sell for is whats important
taking out the Europe export factor