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  1. #1

    Default FordGTprices.com, 100% right, 50% of the time

    Long-timers here may remember me. I'm the guy that did FordGTprices.com- a free website that tracked selling prices of new Ford GTs in 2005 and 2006, and I was one of the VERY few people who correctly predicted that the initially-inflated selling prices would drop to MSRP. And they did.

    Here's a link to archived pdfs of most of the old site.
    http://www.fordgtforum.com/forums/sh...d-for-business

    I was a pretty smart dude- 100% right when almost everyone else was wrong.

    My site was quoted in Car and Driver, Sports Car Market, and Autocar in the UK. Jalopnik even featured an audio interview detailing my site and how my predictions had become reality. I guess it was my 15 minutes of micro-fame in the car enthusiast world.

    But..............

    One final question in that interview was: "Do you think that Ford GT's will appreciate in the future?"

    My answer was short and definitive: "No. I don't see any way the cars will appreciate."

    And that prediction, as you all know, was 100% wrong.

    Here now, for your amusement, are the top five reasons I was TOTALLY wrong about the resale market for Ford GTs:

    Number Five:

    Ford GT buyers are not like a lot of Corvette or Viper owners. A lot of those cars are purchased by folks who are stretching financially to buy their dream car. At $160K or more, most Ford GT owners are probably less likely to end up in a position where they have to sell their car.

    Number Four:

    The Ford GT was seriously overdesigned. Unlike most exotics, the GT's engine can easily be modified to add many hundred horsepower, without the engine or tranny disintegrating.

    Number Three:

    A few very smart dealers, with Shelby's Elite being the best example, cultivated a premium resale marketplace, where demand exceeded supply.

    Number Two:

    The Ford GT was a once-in-a-lifetime car, with no successor. (Recent rumors indicate this may change- we'll see!)

    And the NUMBER ONE REASON I WAS TOTALLY WRONG ABOUT THE RESALE MARKET FOR FORD GT's:

    I'm not as smart as I thought!

    **********************************************

    The rest of the story:

    The bad news: I bought a new 2006 GT, but sold it less than a year later, losing a bit on the sale.

    The good news: I put that money in Apple stock, and still have it. (So maybe I'm not totally dumb!)

    **********************************************

    Paul Allen
    Cincinnati Ohio
    Last edited by centerpunch; 04-27-2016 at 02:20 PM.

  2. #2

    Default

    Is it 2005 around here? I feel like I'm having flashbacks!

    Paul, if you put all that GT money in AAPL, you have no reason to complain and should buy several to make yourself feel better!
    Ford GT National Rally I, II, III, IV, V, VI, VII, VIII, IX, X
    24 Hours of Le Mans 2010, 2015, 2016
    Texas Mile 200 mph Club

    The Golden Age is now.

  3. #3

    Default

    Dave, you are right! I am not complaining, just needed to "own" my totally wrong prediction!

    And happy birthday tomorrow!

  4. #4
    Le Mans 2010 Sponsor PL510*Jeff's Avatar
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    Nov 2005
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    Default

    Hi Paul - good to read your post. You were Right.

    And we all can identify with reason #1.

    All the best for 2015.
    PL510*Jeff



    WWBD

  5. #5
    GT Owner Sinovac's Avatar
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    Jul 2006
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    Default

    I remember your website well. It reinforced my decision to delay my purchase until the prices cooled off. Thanks for that. I ultimately bought a new 2006 under sticker.

    You did much better with the stock.

  6. #6

    Default

    An addition to Number Five:

    Ford GT buyers are not like a lot of Corvette or Viper owners. A lot of those cars are purchased by folks who are stretching financially to buy their dream car. At $160K or more, most Ford GT owners are probably less likely to end up in a position where they have to sell their car. What's more, more than a few GT owners find it necessary to have more than one! I don't know of any other car that has earned such a following.

  7. #7
    GT Owner GTdrummer's Avatar
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    Mar 2010
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    Richmond Virginia
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    1,687

    Default

    agree , especially number 4
    2006 Ford GT Heritage
    2006 Ford GT White/Blue
    2015 Lamborghini Aventador
    2015 Ferrari F12 Berlinetta
    2014 BMW M6 Gran Coupe
    2014 Mercedes GL 550
    1992 Viper (00002)

  8. #8
    Yea, I got one...too Indy GT's Avatar
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    Jan 2006
    Location
    Greenwood, IN
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    2,210

    Default

    WOW. I am having flashbacks as well!
    Nice to see you back on our Forum Paul!

    I followed your website daily and talked to dealers across the country. Your site certainly gave me information to speak with knowledge to the many dealerships.

    Perhaps you may dust off the keys and start this service again.
    Many of us may need your services and insight again.....
    06 Tungsten w/stripes
    NO Mcintosh
    Rallies I, Indy '07, II, III, IV, V, VI, VII, VIII, IX, X, Le Mans 2016

  9. #9
    GT Owner roketman's Avatar
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    Oct 2005
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    ma.
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    Paul
    I followed and listened to your advice as well. I waited to buy based on your prediction I bought my GT in Nov of 2006 for sticker.
    You really helped me out emotionally!What you gave me was the posibility of perhaps being able to actually buy and own a GT!
    For this I thank you! I now have 39k on my GT!of course like everyone I wish I had bought two.
    The real jackpot is the wonderful friends I have made because of this car and wonderful forum!
    Did I thank you yet ? Well a very big thank you!
    You may have to bring your site back for the new GT!
    My best regards to you
    Ron Aka Roketman
    Last edited by roketman; 12-28-2014 at 11:16 PM.
    2006 FORD GT 1808
    2008 PORSCHE GT2
    1987 PORSCHE 911 TARGA
    2005 PORSCHE GT3 CUP

    The only negative things in your life should be offset and camber

  10. #10
    ex-GT Owner/ B.o.D
    Join Date
    Oct 2006
    Location
    Washington State
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    14,987

    Default

    Quote Originally Posted by centerpunch View Post

    The rest of the story:

    The bad news: I bought a new 2006 GT, but sold it less than a year later, losing a bit on the sale.

    The good news: I put that money in Apple stock, and still have it.

    'Pretty much mirrors my own experience as well...except I sold mine about 2 years later for slightly more than I paid for it. 'Reinvested the proceeds into 2 stocks...one of which is now worth 7 times what I paid for it. The other is up about 40% and pays qtrly dividends. So, from a $$$ standpoint, I'm also ahead...even at today's GT prices...which, I guess, proves once again that dumb luck does triumph every now and then...a Godsend from which I've benefited on more than one occasion!

    "…respect others in their view, and demand that they respect yours…show respect to all people and grovel to none.” - Tecumseh

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