AgreeI think you have to give a fair amount of credence to a company whose business is insuring collectible vehicles. JMHO
Completely agree Bob. I have been quite pleased with the resistance to depreciation these cars have. They are depreciating, but much more slowly than many other performance cars.IMO, the market for the 07-14 will continue to be solid.
Wow!Completely agree Bob. I have been quite pleased with the resistance to depreciation these cars have. They are depreciating, but much more slowly than many other performance cars.
On the flip side, my 93-04 Mustang Cobras have been appreciating, which is nice to see. Some have been going up more quickly than others. My Teal 93 Cobra has been leading the pack on the appreciation curve with it about doubling in value from what I paid for it in 2014.
I’m like you though Bob. I have no intent to sell my cars ever. I plan to give them to my sons at some point.
I was the same way with my 2008 ... I sold it for what I bought it for 4 years earlier, got to enjoy it and experience "blown horsepower", but decided I wanted to retire 6 years before the government said I should. (who wants to listen to those people anyway ... LOL )... it turned out to be a safe investment with a good return of fun and making a few good friends. Now that I've completely settled into retirement, I enjoy my "GT500 Forum time" .....I’ve kept an eye on the 2007-2009 market. I lucked out on my purchase and I’m still at a place where I can sell mine for what I paid for it or more.
There’s no doubt in my mind Hagerty believes they are collectibles. I priced their insurance for my 2013 GT500
When I switched to Hagerty awhile back, they would not insure my 2011 GT500 since it is modified. I have all of the Cobras with Hagerty, but the Shelby and our daily drivers are with USAA.Not long after I got my 2013 I called Hagerty for a quote on all my vehicles. They had zero issues insuring both of my 1966's, my 1989, and even my 2003 F250 because they could classify it as my tow vehicle since I also have a car hauler trailer. However, they told me they would NOT insure my 2013. When I asked why, I was told because I do not have another vehicle that is less than 5 years old in the household. They looked forward to insuring all my others though. I told them no thanks. If they won't insure ALL of my vehicles they won't insure any of them. What a crock!
At the time, mine was still totally stock. I wanted to go with Hagerty, but it irritated me what their excuse was so I just stayed with my normal insurance.When I switched to Hagerty awhile back, they would not insure my 2011 GT500 since it is modified. I have all of the Cobras with Hagerty, but the Shelby and our daily drivers are with USAA.
Since I am a 2013 guy, 4,885 GT500s doesn't seem like a big, big number of cars built. I imagine more than a few have been destroyed. That may not make one collectible, but it very well could make them scarce over time.Totals
Do not have the 2014 stats.....