current pricing again
Since when should ownership of a commodity reflect current pricing of that commodity unless the owner is obsessed with selling it? Market pricing is reflective of buyers and sellers getting together. The point I'm trying to convey vis a vis GT pricing and current supply, is, (with the possible exception of Shelby @ Elite whom I have talked to a number of times), most of the other dealers who have cars listed in what is now a more transparent marketplace have had the same cars for weeks without selling them, continually relisting the cars on EBAY (or Autotrader) with artificially inflated prices. If the asset is for sale, and remains for sale, assuming there is any kind of demand, then the price is too high. This doesn't take into account that a dealer (Shelby, for example) may feature cars w/o stories, and many of the others may not. However, given the prices these cars demand, and the relatively tight following among the GT afficianados, then I assume most of these cars are in a condition commensurate with the prices they request. Cars sold as perfect that end up having stories will come back to haunt the seller, especially in the age of internet forums where information travels as faster than purchase transactions. However, if the same car remains listed at a given price and does not sell, then something is wrong. Either the car has issues or the pricing is wrong. There have been some cars of late relisted where prices are lower for the BIN on EBAY. Most however, keep relisting with auctions that expire with nothing done. Either that seller has confidence that the price requested will eventually be met, or they are under the illusion that there product is worth more than the market will pay. Shelby's volume and turnover may prevent him from updating his site as his ability to sell really solid cars precludes his ability to list new arrivals. Other dealers, the one in NYC in particular, have had some cars (the repainted white with orange stripe) where they finally bit the bullet and lowered the price and might have sold it. The issue of "Spring weather" is somewhat dubious as well, inasmuch if a desired car is for sale in Anchorage, someone will pay for it plus shipping, if the price is right (witness the recently listed. very low mileage car in the South Pacific on EBAY). The issue remains that many of these cars are for sale at the same locations as prices that appear to be above what buyers are willing to pay.
