Current Market Price

[Doug Halsey]

I'm still can't understand how Ford built 5,522 GT350's for 2016 production year (only 475 were the GT350R) and they are holding value, while the Z/28 (only 1,800 total built) is going down in price! WTF!

[Snoman]

Originally Posted by Zslash28

I agree with you. Two years, with new Z/28s still on dealer lots, and we are at a $25,000 depreciation. ...

Actually, we're not. There is this general assumption out there that the vehicle's starting value was $75k based off of some mythical ink put on a window sticker called MSRP. I'll point to marketing 101 (301 but eh, whatever) to a well known concept called Supply vs. Demand, along with a 5 year proven track history being performed by almost all dealerships and manufactures in this great nation of ours. GM, like all the rest, artificially inflated MSRP year over year then mysteriously, turn around and offer those vehicles at a 20% discount.

The uninformed and disbelievers continue to hang on to this concept of a sticker price then fall to their knees bowing down to the sales rep believing they are getting a 'sweet deal' at 5%, 10%, 15% or more. The reality is the item was 33%, 50%, 100%, 1000% overpriced to begin with depending on the industry. The number of thesis papers written about the psychology of sales, pricing and the sheer sizes of manpower devoted on increasing sales is absolutely mind boggling. Black Friday and the price of televisions is a great example of this, whatever price the TV is the day after Thanksgiving is the same price of the television the weekend before Super Bowl and it's been that way for decades and will continue to do so decades to come. Much of the auto industry has adopted the same sales scam in more aggressive forms over the last ten years. Those experienced with truck sales have been seeing this for awhile already.

The "true value" of an untitled new Z/28 has been 60k since 2014 and today, anyone paying more paid a premium to secure ownership and be one of the first. Today, once it's been titled and if there are less than 1k miles, it's worth 50k RETAIL and closer to 46k from a private sale. Trade in value around 44k and cash (think pawn shop) maybe 40k. Supported by current comparables on the market at the moment. Add more miles and things get go downhill from there. At this time, "Depreciation" on the Z/28 is $15,000 if and only if you are able to receive a $45k trade/private sale.

The only real way to make money off a vehicle is to let your company purchase the vehicle and depreciate it, recouping up to 40% of the cost from the IRS. Believing it's possible otherwise would be a delusion.

Chevy is currently offering 20% of most anything 2016 in inventory through a variety of combined offers, just like they have been every few months for a few years now...and just like they shall continue to do so.

Originally Posted by Doug Halsey

I'm still can't understand how Ford built 5,522 GT350's for 2016 production year (only 475 were the GT350R) and they are holding value, while the Z/28 (only 1,800 total built) is going down in price! WTF!

It's Ford, their supporters are fanatical about the Mustang though much of it is sales hype. Many dealers have held dinner invite only auction events to sell the fabled 350s and talked the vehicle up to be some sort of mythical creature on 4 wheels. Again, it's about The Art of Making the Sale. I know people that have sold ice to another while standing on a iceberg, then reached down with an ice pick, dug a chunk out and handed it to the person. Corporations are learning how to evolve and change their sales tactics to keep pushing sales where none should exist and push the envelope beyond belief.

[Doug Halsey]

Originally Posted by Snoman

Actually, we're not. There is this general assumption out there that the vehicle's starting value was $75k based off of some mythical ink put on a window sticker called MSRP.

The "true value" of an untitled new Z/28 has been 60k since 2014 and today, anyone paying more paid a premium to secure ownership and be one of the first.

It's Ford, their supporters are fanatical about the Mustang though much of it is sales hype.

We all know the supply and demand thing and the joke about ice to an Eskimo. What I don't get is why anyone is paying over sticker for a GT350 (not an GT350R) which is at $60k and over when they can have a 2015 Z/28 for $10k less. Thus why are the Z/28's going down in value (in the 40k zone) when they are a better deal?

The answer is that Ford supporters are nuts (FYI - I come from a Ford family and I wanted a GT350R but wasn't stupid enough to pay six figures).

So yes supply and demand is one theory, but with under 1800 made I would also say there are a lot of owners out there who are freaking out and selling their cars for far less than they are worth.

Worth being what other car can you buy at the $50k price and perform as well all day on a track?

The same thing happened with the Doge Daytona. Dealers could not get rid of them and now they are worth millions.

Not saying the Z/28 will get there, but I just don't get why people are paying more?

I guess I'm also asking why are some owners selling at such a loss? That is just as stupid as paying too much for a car!

I mean the car does everything is was said to do and is better on the street than advertised. So why so many selling?

[Crushinator]

Originally Posted by Doug Halsey

I'm still can't understand how Ford built 5,522 GT350's for 2016 production year (only 475 were the GT350R) and they are holding value, while the Z/28 (only 1,800 total built) is going down in price! WTF!

It's the new kid on the block. That's why. Look at the '00 Cobra R. When the '03 Cobra came out, the '00R became irrelevant, and prices dropped like rocks. Compare the two now. Fifteen years later, the R is easily worth 3 times as much.

Car and Driver just ran the Lightening Lap. The "almighty" GT350R was a full second slower on a newly paved track, than the Z/28 was last year.

I've said it before and I'll say it again, once all the desperate dealers sell the remaining new Z/28's at heavy discounts, the value of used one's will go up. The Z/28 isn't a car that's still being produced or will be produced again.

[The_Raging_Bull]

Originally Posted by jimbone1991

Very interesting!
From the Certificate of authenticity I got when I bought my Z/28.
States "Your vehicle is exclusive and will be among the first of the new generation of Z/28 vehicles on the road."

So jimbone.....how many 17 or 18 LS7 Z/28's have you heard of lately???

I still say no more 427's in Camaros or Vettes, unfortunately at some point the General like Ford will head towards biturbo six bangers...

I hope we keep our V8's but I fear the coming fleet fuel milage regulations supported by Dear Leader and the rest of the progressives.

[charlie46]

New 2015 black z28 with a/c for $47,899 Richard Lucas chevy!

[Snoman]

Originally Posted by charlie46

New 2015 black Z/28 for $52,999
Richard Lucas Chevy

There ya go, fixed it for ya.

[Vega$69]

Originally Posted by Snoman

There ya go, fixed it for ya.

Yep Internet Price $52,995

The bogus $2500 minimum trade allowance applied to the price and the fine print Tax, title, license and dealer fees not included.

[Stephen12ZL1]

wow...what a steal at 47,899!

[serviceguy]

Originally Posted by Doug Halsey

I'm still can't understand how Ford built 5,522 GT350's for 2016 production year (only 475 were the GT350R) and they are holding value, while the Z/28 (only 1,800 total built) is going down in price! WTF!

[The_Raging_Bull]

Well I got mine in April '16 for $53395 adding a 7 yr 70000 mile bumper to bumper GMAC premium warranty at $1600.....so right at $55K for both, a great deal then a great deal now.

[NoMoreMods]

Originally Posted by charlie46

New 2015 black z28 with a/c for $47,899 Richard Lucas chevy!

Originally Posted by Snoman

There ya go, fixed it for ya.

Originally Posted by Vega$69

Yep Internet Price $52,995

The bogus $2500 minimum trade allowance applied to the price and the fine print Tax, title, license and dealer fees not included.

Originally Posted by Stephen12ZL1

wow...what a steal at 47,899!

Spotted this last night. Gave them a buzz 9 a.m. sharp this morning.

Massively looking forward to Z/28 ownership!

[Indy14z28]

I just bought a new 2014. Black ac/radio. Had 120 mile. 30 from my test drive. 48,500

[Snoman]

Originally Posted by NoMoreMods

Spotted this last night. Gave them a buzz 9 a.m. sharp this morning.

Massively looking forward to Z/28 ownership!

Very nice, let us know how it works out.

Originally Posted by Indy14z28

I just bought a new 2014. Black ac/radio. Had 120 mile. 30 from my test drive. 48,500

These prices are inline with what a local dealer had informed me about moving / pricing their Z/28's as a 2yr old used vehicle once they hit 24 months. There is a ton of fancy accounting on the back end allowing them to hit this low, dealers need to move the cars. Used, they are flirting with 41-42k.