Ferrari Mailing List: Re: NFC: Camaro SS post mortem

[Brian E. Buxton (BrianBuxton]

Yes - those are sales results.  That's where most dealers get their 
prices to give for trade-ins.  It's a real market report for real cars 
that were bought for real $$ and are for sale by a dealer somewhere in 
the US ... NADA, KBB, etc. are good tools to use, but people seem to 
think those SET the market, which they do not.  Half the time they are 
WAAAy off on values.  Here is a response I usually send to people trying 
to buy or trade by a "market report" site ...

I actually have people call and e-mail me with quotes from Kelley Blue 
Book, NADA, Edmunds, etc. quite often.  However, as I am constantly 
following the car market, I feel that sometimes people take for granted 
the fact that these are only price guides.  While they are a good 
research tool to use, one must also look at the actual market and see 
what similar vehicles are being advertised for and what they are 
actually selling for.  The price guides don't set the market, and Kelley 
Blue Book, etc. cannot buy a vehicle you may have for sale for the price 
they claim it is worth, and they can't deliver a car to your home that 
is similar to the one you are looking at for the price that they report 
(which may be far above or below current market value).

It is tough to gauge the fair market value of a vehicle based on a price 
guide that gives no reference to where they obtain their numbers 
(auctions, wholesale dealer transaction, retail dealer transaction, 
private individual transactions?), how the prices are calculated 
(averaged?), and how often they are calculated and updated (daily, 
weekly, monthly?).  Most people don't realize it, but used vehicle 
values can change daily and certainly do so weekly, based on several 
criteria including: the weather and the change of the seasons, the 
introduction of new models onto the marketplace, the change in model 
years, manufacturer rebates on new cars of the same make and model, the 
availability of a certain type of car at auctions from rental companies 
ridding their fleets of a certain model year vehicle, the number of 
lease returns that show up at auctions and dealer lots each week or 
month, a flood of vehicle trade-ins, etc.  So where are these price 
guide numbers coming from and how can these companies claim to be 
correct when we don't know how often their numbers are updated, as well 
as the fact that they have no responsibility to purchase or deliver cars 
for what they claim they are worth?  A better gauge of the market is to 
see what similar vehicles are actually for sale and for what price.  
Instead of referencing KBB, check the ads that are out on Cars.com, 
AutoTrader.com, Hemmings.com and even current and completed auctions on 
E-Bay ...

BEB



LarryT wrote:

> Brian,
>    Are the cars listed in that auction report open only to dealers?  
> Or can anyone buy them.  I assume they've already been bought and 
> you're just reporting prices?
>
>    The Box for $8700 w/102k mi looks like something I could go for -- 
> I'd love to have a newer Porsche with a AC for summertime in Va.  Plus 
> it would be something my wife could drive to work ocassionally --
>
> Larry T (67 MGB, 74 911, 78 240D, 91 300D)
> www.youroil.net for Oil Analysis and Weber Parts
> Test Results http://members.rennlist.com/oil
> PORSCHE POSTERS!  youroil.net
> Weber Carb Info http://members.rennlist.com/webercarbs
> Porsche Road Test http://members.rennlist.com/roadtest/
> .
> ----- Original Message ----- From: "Brian E. Buxton" 
> <BrianBuxton [at] BuxtonMotorsports.com>
> To: "Larry Turner" <l02turner [at] comcast.net>
> Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
> Sent: Friday, March 02, 2007 4:49 PM
> Subject: Re: [Ferrari] NFC: Camaro SS post mortem
>
>
> > Maybe not $10K, but very close ... they are getting cheap!
> >
> > Here is an auction report on 97's ...
> >
> > 02/08/07 MANHEIM Regular $14,600 33,388 Above YELLOW 6G
> > Yes
> > 02/08/07 MISS Lease $12,100 41,349 Avg SILVER 6G 5 Yes
> > 02/21/07 BAY CITI Regular $12,600 62,742 Avg SILVER 6G A Yes
> > 02/20/07 IMPERIAL Regular $12,500 67,618 Avg SILVER 6G 5 Yes
> > 02/08/07 GTR TMPA Regular $11,200 74,603 Avg RED 6G A Yes
> > 02/02/07 MANHEIM Regular $8,700 102,143 Below WHITE 6G 5 No
> >
> >
> >
> > Brian
> >
> >
> >
> > Fellippe Galletta wrote:
> >
> > > On 3/2/07, Brian E. Buxton <BrianBuxton [at] buxtonmotorsports.com> wrote:
> > >
> > >
> > > > A 97/98 Boxster would be a great choice and definitely in your price
> > > > range ... and the RMS problem has been fixed.  They use Cayenne 
> > > > gaskets
> > > > and they don't leak!  Sounds to me like you are going to talk yourself
> > > > out of anything because of what "might" happen mechanically.
> > > >
> > > > BEB
> > >
> > >
> > > Am I getting this right....
> > >
> > > A '97 Boxster can be bought for ~ $10k?
> > >
> > > Hmmm...
> > >
> > > FG
> > > _________________________________________________________________
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> > >
> > >
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> >
> > --
> > Brian E. Buxton
> >
> > President, Buxton Motorsports, Inc .
> > www.BuxtonMotorsports.com
> > (812) 476-2281 x 209
> > Member ThaList.com
> >
> > Managing Partner, Private Label Livery Services
> > www.PrivateLabelLimo.com
> >
> > President, Brian Buxton Enterprises, Inc.
> > Nationwide Enclosed Auto Transportation
> > www.BuxtonMotorsports.com/storage-transportation.php
> >
> > Founder & Past President
> > SO. IN Region PCA
> > www.pca.org/soi
> >
> > _________________________________________________________________
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> > http://lists.ferrarilist.com/mailman/options/ferrari/l02turner%40comcast.net 
> >
> >
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--
Brian E. Buxton

President, Buxton Motorsports, Inc .
www.BuxtonMotorsports.com
(812) 476-2281 x 209
Member ThaList.com

Managing Partner, Private Label Livery Services
www.PrivateLabelLimo.com 

President, Brian Buxton Enterprises, Inc.
Nationwide Enclosed Auto Transportation
www.BuxtonMotorsports.com/storage-transportation.php 

Founder & Past President
SO. IN Region PCA
www.pca.org/soi