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


AtomicGT

GT Owner
Mark IV Lifetime
Le Mans 2010 Supporter
Apr 12, 2006
3,025
Los Angeles
I remember the "centerpunch" days.

Three questions now are:

1. Did you own a FGT? I seem to remember that you did.
2. Did you sell it?
3. And if you sold it, do you regret the sale?
 

centerpunch

GT Owner
Mark II Lifetime
Sep 16, 2005
719
OH/NC
Yes, bought a new 06, blue, no stripes no options, sold it within a year. Really hated the doors, but yeah, wish I had it now.
 

Specracer

GT Owner
Mark IV Lifetime
Nov 28, 2005
6,263
MA
Welcome back here Paul, I still have your parts you sold me after you sold your car. Wheels are in use, luckily nothing else. I hope you are well.
 

ByeEnzo

GT
Mark IV Lifetime
Le Mans 2010 Supporter
Dec 10, 2005
1,961
Fort Worth, TX
Paul, I followed your website religiously in '05. Armed with sales data from
your site, I bought my FGT in Dec. '05 for $4k under sticker. 41k miles and smiles later, I'm still a happy camper. Thanks!
 

MAD IN NC

Proud Owner/ BOD blah bla
Mark IV Lifetime
Feb 14, 2006
4,181
North Carolina
CP, glad to hear from ya.... 10 yrs have gone buy since you were tracking the FGT. Let me know if ya still make it out to the Carolinas!

I'll be happy to let the door hit ya for old time sake.

Mike
 

bret a ewing

GT Owner
Nov 29, 2006
288
Hey Centerpunch,

You are back in business!!!:wink

Best, Bret.
 

roketman

GT Owner
Mark IV Lifetime
Oct 24, 2005
6,557
ma.
Just goes to show you . Even if just owned a GT and sold it . You are still a legend!
 
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KJD

GT Owner
Mark IV Lifetime
Dec 21, 2005
929
Location, Location
I'll be happy to let the door hit ya for old time sake.
:lol Me too, Centerpunch, you can leave some of your forehead on my door if you're ever in VA!

Thanks for the post, it was great reading: candid, honest, and insightful -- just like a decade ago!!
 

Kayvan

GT Owner
Jul 13, 2006
4,782
Sell some of that Apple Stock :)

...$1.5Million if $150K invested in AAPL '06
 

centerpunch

GT Owner
Mark II Lifetime
Sep 16, 2005
719
OH/NC
Yes, that was a good enough investment to make up for a lot of other marginal decisions!
 

centerpunch

GT Owner
Mark II Lifetime
Sep 16, 2005
719
OH/NC
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/showthread.php/1851-FordGTprices-com-is-closed-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.

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.

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
 
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DBK

The Favor Factory™
Staff member
Le Mans 2010 Supporter
Jul 30, 2005
14,759
Metro Detroit
Is it 2005 around here? I feel like I'm having flashbacks! :willy :lol

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! :biggrin
 

centerpunch

GT Owner
Mark II Lifetime
Sep 16, 2005
719
OH/NC
Dave, you are right! I am not complaining, just needed to "own" my totally wrong prediction!

And happy birthday tomorrow!
 

PL510*Jeff

Well-known member
Mark IV Lifetime
Le Mans 2010 Supporter
Nov 3, 2005
4,636
Renton, Washington
Hi Paul - good to read your post. You were Right.

And we all can identify with reason #1.

All the best for 2015.
 

Lew

GT Owner
Nov 9, 2006
26
South Florida
Hi Paul. Like others, I followed your site regularly in the fall of 05. Finally bought in December 05 with confidence with the help of your website info. Glad you turned out to be wrong 50% of the time!
 

Sinovac

GT Owner
Mark II Lifetime
Jul 18, 2006
5,616
Largo, Florida
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.
 

centerpunch

GT Owner
Mark II Lifetime
Sep 16, 2005
719
OH/NC
An addition to Number Five:

(also added to post #1)

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.
 
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GTdrummer

GT Owner
Mark II Lifetime
Le Mans 2010 Supporter
Mar 13, 2010
2,041
Richmond Virginia
agree , especially number 4
 

Indy GT

Yea, I got one...too
Mark IV Lifetime
Jan 14, 2006
2,408
Greenwood, IN
WOW. I am having flashbacks as well!
Nice to see you back on our Forum Paul!:thumbsup

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.....
 

roketman

GT Owner
Mark IV Lifetime
Oct 24, 2005
6,557
ma.
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
 
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