Soft cobra market. - Page 2

lineslinger · #21 (**permalink**) 12-23-2006, 11:43 PM

There was an unfinished Kirkham on ebay last week that included the older suspension setup, body, frame, steering, radiator,electrical wiring, windshield, guages and seats as well as some other pieces, no engine or drivetrain. The seller said it had been sitting for 5 years and needed some cleaning up but was a good starter kit. I was looking very hard at at this one until it sold early for $28,500.

double ugly · #22 (**permalink**) 12-24-2006, 06:30 AM

I listed my car again on ebay. So far there are 30 people watching it with over 5 days remaining. The last time I listed it there, only 22 people were watching it at the end. I'm not deluding myself into thinking that ebay is the way to go but it doesn't cost much to list it.
John
http://cgi.ebay.com/ebaymotors/1965-...QQcmdZViewItem

Mulv · #23 (**permalink**) 12-24-2006, 02:54 PM

Nice Hijack in progress...
If you want to put a car at the Pavillions during B.J I would suggest you do what a friend of mine does - park your street car in a space the night before and swap cars the next day. You will find it almost impossible to get in otherwise. The flyers go on the seat or you will be kicked out, no question as that is the standard policy at the Pavillions. There will be about 750 cars there on those two weekends, so don't think you can show at 0630 and find parking. I know lots of people who sell cars there during that time and the second weekend is better than the first. You tend to get the morons that are even stupider than the usual BJ people - they don't want to go home without a car at any price and they are pretty loose with the cash-a-roo.
Soft Market- I sold my Cobra this year for the market price I think, I don't know what you are asking. I got 45K for a Superformance car with a 427 FE and real Shelby heads, Lemans cam etc.. that is what these cars are worth used if you want to sell it and it still took about 6 months. That was about 45% of the original cost, although I was the second owner. When you look at $60K or $70K like some are trying to get, there are a lot of real (i.e. non fake, plastic) cars that are available like 308,328, 348 Ferraris, 2 or 3 year old Porsche 911's and really good 50's and 60's Corvettes or a new Z06 as well as the new GT500 (which is real) and an F150 and a trailer to put it on , well you get the idea. An Autocraft AC car can be found for a lot less than this too and it is a pseudo real car. I was happy to get what I got and the purchaser was happy as well and he won't get hurt in resale down the road. There are a lot of these cars now, like 2700 SPF cars, 5000? FFR cars and probably 10,000 others. That is more cars than I think can be absorbed by the market at the high end price point.
If you want to sell your car you have to be realistic about the price, try asking someone you know who has a Ferrari , Porsche or nice older Corvette what they think these cars cost new. I will tell you that they will be dumbfounded - I have never met any of them who thought these cars are even $35K unless they have looked at them before. We are truly in love with the cars and that is why we spend the money, but others are not in our boat so it can be tough to find a "net new" buyer.
Go to the Pavillions, you will sell your car.

Steve

bfoodman · #24 (**permalink**) 12-24-2006, 07:58 PM

Quote:

Originally Posted by Mulv

Nice Hijack in progress...
If you want to put a car at the Pavillions during B.J I would suggest you do what a friend of mine does - park your street car in a space the night before and swap cars the next day. You will find it almost impossible to get in otherwise. The flyers go on the seat or you will be kicked out, no question as that is the standard policy at the Pavillions. There will be about 750 cars there on those two weekends, so don't think you can show at 0630 and find parking. I know lots of people who sell cars there during that time and the second weekend is better than the first. You tend to get the morons that are even stupider than the usual BJ people - they don't want to go home without a car at any price and they are pretty loose with the cash-a-roo.
Soft Market- I sold my Cobra this year for the market price I think, I don't know what you are asking. I got 45K for a Superformance car with a 427 FE and real Shelby heads, Lemans cam etc.. that is what these cars are worth used if you want to sell it and it still took about 6 months. That was about 45% of the original cost, although I was the second owner. When you look at $60K or $70K like some are trying to get, there are a lot of real (i.e. non fake, plastic) cars that are available like 308,328, 348 Ferraris, 2 or 3 year old Porsche 911's and really good 50's and 60's Corvettes or a new Z06 as well as the new GT500 (which is real) and an F150 and a trailer to put it on , well you get the idea. An Autocraft AC car can be found for a lot less than this too and it is a pseudo real car. I was happy to get what I got and the purchaser was happy as well and he won't get hurt in resale down the road. There are a lot of these cars now, like 2700 SPF cars, 5000? FFR cars and probably 10,000 others. That is more cars than I think can be absorbed by the market at the high end price point.
If you want to sell your car you have to be realistic about the price, try asking someone you know who has a Ferrari , Porsche or nice older Corvette what they think these cars cost new. I will tell you that they will be dumbfounded - I have never met any of them who thought these cars are even $35K unless they have looked at them before. We are truly in love with the cars and that is why we spend the money, but others are not in our boat so it can be tough to find a "net new" buyer.
Go to the Pavillions, you will sell your car.

Steve

I agree with everything you said about the pricing. 45K thats thenumber and those who think they can get mid 50s and higher are kidding themselves. At the end the day these cars and not ferrrari's or porsche's and we all need to be realistic. A real originak Shelby is a different story. these cars are replicas and we nned to be realistic.

double ugly · #25 (**permalink**) 12-24-2006, 10:59 PM

Tempted to respond to bfoodman, but it is Christmas eve.

lineslinger · #26 (**permalink**) 12-24-2006, 11:12 PM

Double ugly,
Me to, too many experts with little or no knowledge, apparently BJ is the almighty reference and no one else in this world is interested in a quality replica Cobra, hope you bucked up extra so you can be on TV!! BJ is a bunch of smoke and mirrors, wait.........and then wait some more, until the BJ hype has expired, at that point you can get realistic.....

double ugly · #27 (**permalink**) 12-24-2006, 11:50 PM

I get tempted at times to bash people I don't agree with. Everyones titled to an opinion but sometimes it is ...... there I go. I agree with you lineslinger and thanks for the encouragement.
Have a wonderful Christmas.
John

mrmustang · #28 (**permalink**) 12-25-2006, 05:39 AM

Quote:

Originally Posted by double ugly

Tempted to respond to bfoodman, but it is Christmas eve.

You have to wonder if it's just a Plano Texas thing

Mulv · #29 (**permalink**) 12-25-2006, 10:31 AM

For those who are out of town and in the spirit of the season,Lineslinger et al the Pavillions is not Barret Jackson, it is a McDonald's Restaurant at the Pavillions Shopping Centre that holds one of the longest running free car shows in the country. During BJ it is a good place to get way more for your car then it is worth because the dopes who pay $500- for a bidding paddle at the auction have a lot of money... and generally speaking they are using the open bar a lot... and they travel the 6 miles to the Pavillions in search of cars..

I believe that a SuperFormance car with an original LeMans Cam and Shelby heads is a quality fake Cobra. I also think $45K is the going freight on these cars... as that is what I got. I had it at the dealer for 3 months and nothing happened. I had it on the forum for 3 months and nothing happened. It was a friend of a friend deal in the end. I will not do another plastic car, not because I don't like them, but because they are harder to resell than the metal ones. My next Cobra will either be a Kirkham or a MK IV. They hold a lot of their initial price and are easier to sell.
If you want to keep your car for 2 years while you wait for the person who gets on here and wants your car, ok, but you have more patience than I do...
I saw your car at Hershal's and it is a really nice car indeed, maybe I am wrong and you will get $50K or more. I hope you do, it will make everybody else's car go up too!

Steve

double ugly · #30 (**permalink**) 12-25-2006, 10:52 AM

Mulv, initially I had a goal of selling by January. During the two weeks it was tied up at Bromm Auto Sales I really missed not having the car available. I've been told by a lot of people not to sell it because I will never be able to afford another as accurate as this. That's true and the only reason I am marketing the car is to start another project. If it sells, great. If not that's OK too. A Superformance is a really good car but there is something to be said for a very limited production car like a Hi Tech IMHO that should help drive the price up some.
Merry Christmas.
John

Cobrabill · #31 (**permalink**) 12-25-2006, 11:05 AM

My experience closely parallels Steves.I had the car on the field at the Good Guys show(2000 cars)Not a single bite-not even a nibble.A Corvette guy next to me was astounded saying that i should have been able to sell the car 7 times over.(he was right).I then put the car on the dealer floor.THREE MONTHS go by-one bite.Thankfully he bought.The market.......it is A-CHANGIN'!

lineslinger · #32 (**permalink**) 12-25-2006, 06:46 PM

Mulv,
I am familiar with the pavillions, I was addressing Barrett Jackson specifically
and stand by my statement..... lotsa hype with them and they do a great job of promoting themselves, but BJ should not be used as an industry wide reference.

bfoodman · #33 (**permalink**) 12-25-2006, 08:00 PM

Quote:

Originally Posted by double ugly

Tempted to respond to bfoodman, but it is Christmas eve.

Say what you like. I am ok with anything. There are just simple facts here and that is that the maket is not what a lot of people wish it was, especially for the gargae built variety of cars. With regard to SPF, here is an example, I have been watching both e-bay and CobraCountry lately. I can see an 06 car on Cobra Country for 56k and then see a 2002 model with a few thousand miles for mid 50s. Hmmm 2002 mid 50s or an 06 for roughly the same price. These cars have the same engine and drive train. The guy from CT with the car for 54k needs to get real. Thats all i am saying. At 45k he sells his car, at 54k it sits in his garage.

double ugly · #34 (**permalink**) 12-26-2006, 04:56 PM

I just checked ebay and the bid is at 52 plus with 52 people watching. I am surprised that it's gotten that high based on the SOFT cobra market, especially on ebay. Two days left on the auction. I think I am already starting to get sellers remorse. I'm not absolutely positive I want it to hit the reserve.
John

davids · #35 (**permalink**) 12-27-2006, 03:05 AM

The Daytona Coupe area seems to be picking up in price I believe....Dave

bfoodman · #36 (**permalink**) 12-27-2006, 07:39 AM

Quote:

Originally Posted by double ugly

I just checked ebay and the bid is at 52 plus with 52 people watching. I am surprised that it's gotten that high based on the SOFT cobra market, especially on ebay. Two days left on the auction. I think I am already starting to get sellers remorse. I'm not absolutely positive I want it to hit the reserve.
John

Hopefully, the car gets sold and you get a price that is satisfactory. However, you still need to look at your original expectations, the expectations as reflected in any classified ads on CobraCountry and where the bids on e-bay are coming in. I suspect that the number you take will still be less than what you originally expected - which expectation was based on what you purchased / built the car for. Keep in mind that my comments are simply based on what I see from watching the market. Nothing personal here. having seen you Cobra Country ads it is clear to me you have reset your expectations.

Hiker · #37 (**permalink**) 01-02-2007, 10:33 PM

Last year I was at the Pav's both weekends around BJ. It's packed already at noon and the aisles start to fill in by mid afternoon. If you wait til 3:00 you'll be SOL unless you get lucky and find someone leaving early. BJ weekends are the busiest weekends at the Pav's all year. Car count will double. Cars will take over the motocycle area and one or two rows east of that. Cars will be double parked in the aisles by mid afternoon. Half the cars will be for sale. There will be alot of money walking around up there, just look at how people are dressed. I saw a guy there last year, he had to be in his 60's, looked like he had his two sons with him, they all looked extremely well off. They were checking out this car, custom creation, really nice. Dad said he wanted it at any cost and had his son stayed there and waited for that owner to show up and make an offer, and he stayed there for awhile too. I don't know if he bought it, but the guy was pretty serious. I know I put a crazy price on my car to see what it would bring and I had a couple offers, but the highest was about 5k short...
BJ weeked at the Pav's is wild.....don't miss it...get there early...

Fitz · #38 (**permalink**) 01-02-2007, 10:59 PM

I was happy with what I got for my first levy built cobra. Your price is right. Sit on it until you get what you want for it.
My red cobra should bring much more because it is worth much more. Timing is absolutely everything. Good Luck!

bdeutsch · #39 (**permalink**) 01-03-2007, 07:57 AM

As one who is watching the current market with intent of buying in next couple of months (likely ordering a CSX or Kirkham), would agree that market is soft. While I am no economist, think that market reflects a broader weakness in amount of disposable income available. Seeing these indicators also play into new car sales as well (Toyota, GM, Ford, etc.)

Also beginning to wonder if Cobra market may be hitting a saturation point (just musing here) as a factor of those who would like one versus the number available. With qualifications, wondering what the mean age of a Cobra owner is and how this might be impacting market as well...ah well, mysteries of life and all that.

Bob

double ugly · #40 (**permalink**) 01-04-2007, 06:48 PM

I think the Cobra is sold. A guy is coming tomorrow or Saturday with a check for my price. I'm glad I didn't budge. He hasn't seen the car so it isn't sold but he is serious. (coming with trailer). He has a place in AZ so no taxes and an easy title transfer for him. Hopefully things will work out. I can't wait to start on another project. Another Hi Tech?
Who knows.
John