Sportscar Market April/June


dbk

The Favor Factory™
Staff member
Le Mans 2010 Supporter
Jul 30, 2005
15,187
Metro Detroit
Anybody read these?

Not online, so you'll have to go buy them. The gist is that Keith Martin editorializes in April that it's a mystery why the 05/06 Ford GT has appreciated. He basically assesses that "the Ford GT is collectible because it's in favor with the market right now," and could just as easily fall out of favor, and then in June a reader writes a fairly long reply concluding the same along with the opinion that values have been skewed for several reasons and a correction is coming.

It's worth reading, but some of it is pretty lazy and uninformed analysis that indicates a lack of understanding of the market for GTs, who is buying and why. Some nuggets of truth, but also reads like someone is looking for an outcome...
 

RJY

GT Owner
Feb 13, 2013
130
TN
I think the GT has been in favor with the market for a long time, not just now. And for a lot of reasons we all know about. The writer of the letter might be an F- car owner��.
 

SBR

GT Owner
Aug 23, 2009
206
My opinion is that most of these talking heads do not know as much as they think they do. Keith Martin is a perfect example of this.
 

Cobrar

GT Owner
Mark II Lifetime
Jun 24, 2006
4,017
Metro Detroit
Do I recall correctly that Mr. Martin also had to 'discover' the GT, even after the car was beginning to move above MSRP? E.G. Get on board was when the price level was around $200k. It's somewhere in the forum threads, as I recall his opinion seemed to lend credibility to the then evaluating GT price.

Yes, he's looking for a new (lower) entry point. I might be willing to sell him my Pinto.
 

sandman

GT Owner
Mark IV Lifetime
Jul 10, 2006
465
Gardnerville, Nv.
I used to subscribe and do recall that he was down on the GT based on the numbers built. Their were a lot of smart people that felt the same. I thought from some of his recent statements that he was coming around. Possibly he figures at some point he has to be right vs. being wrong.
 

Adios

GT Owner
Apr 24, 2010
55
E. Washington State
Keith Martin wrote an article stating that a 70s Pantera was smarter buy than 05 or06 GT due to the fact the Pantera was already appreciating in price. I'am glad I went with my heart , I just love her curves and she talks so sweetly to me. You really don"t care what happens when you have the one you love already.
 

Kayvan

GT Owner
Jul 13, 2006
4,782
Sports Car Market is a pretty widely respected periodical for the collector
car market.

It's obviously not the car porn most exotic / collector car mags have become or glorified
rubber mat vendor catalogs that MT, C&D, R&T became.

Think it's like $95/yr and for it to command in today's print market, shows that he has a pretty strong following to stay the least.

People pay for his unvarnished / salty take on literally the 1000s of cars sold at auction and the fact that he had some "nuggets of truth" on the
GT given that he opines on 100s of cars, shows he does his homework.

Air is coming out all bubbles; GT or new GT will lose some as well; laws of gravity/$ don't discriminate.

He derides the 60s Mercedes 113 SL (250 SL) as mostly owned by geezers living in Newport Beach gated communities who are
too old to lift the hardtop much less attract any female compliments on the car"

He's right on the mark; and I own one!
 

KennethClay

GT Owner
Mark IV Lifetime
Oct 15, 2012
860
New York
I subscribe and generally enjoy the magazine. I agree with Kayvan--it has a lot of good insights about where the market is.

That said, he's not going to be right on every call. The fact that the prices have been so strong, notwithstanding the high build numbers, just underscores what broad appeal our cars have!
 

Sinovac

GT Owner
Mark II Lifetime
Jul 18, 2006
5,832
Largo, Florida
The fact that the prices have been so strong, notwithstanding the high build numbers, just underscores what broad appeal our cars have!

Very true. Productions numbers alone don't dictate collectibility/value. There are more than a few examples of low production cars which have only modestly appreciated in value. Some cars just defy conventional wisdom.
 

RALPHIE

GT Owner
Mar 1, 2007
7,278
I don't really care, since my car is not a investment. Roketman and Jeffie know what I'm talking about. I don't care if it's value goes to $1 Billion, or $10.

It's my car; I love to drive it; it's only an investment to speculators that want to sell it for a profit.

(if it goes down, maybe my insurance will follow!!!)
 
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junior

GT Owner
Mar 9, 2007
1,151
So Cal
.... I might be willing to sell him my Pinto.

Fell off my chair laughing :lol:lol:lol.
 

Joe Dozzo

Well-known member
Mark IV Lifetime
Le Mans 2010 Supporter
May 22, 2006
763
Canon City, CO
I don't really care, since my car is not a investment. Roketman and Jeffie know what I'm talking about. I don't care if it's value goes to $1 Billion, or $10.

It's my car; I love to drive it; it's only an investment to speculators that want to sell it for a profit.

(if it goes down, maybe my insurance will follow!!!)


Please add me to your list, Ralphie!
 

roketman

GT Owner
Mark IV Lifetime
Oct 24, 2005
7,997
ma.
Of course is in favor of the market just look at it it's gorgeous ❤️
It's beauty reigns supreme 🏁
 

Kingman

GT Owner
Mark II Lifetime
Aug 11, 2006
4,072
Surf City, USA
I subscribe to SCM and look forward to each new issue. It's extremely informative, and Martin has proven to possess an acute understanding of the market.

Net Net - Martin has a long and strong record for accuracy.

Bottom Line - I'm in Ralphie's camp. Was there from Day 1, but surely have enjoyed the run-up in value. Buddies enjoy calling me to share what they just saw a GT go for on the latest Velocity Channel auction.....which makes for good fun.
 

DakotaGT

GT Owner
Mark II Lifetime
Dec 9, 2012
1,694
Sioux Falls, South Dakota
I am pretty sure that the majority of us here who have been "regulars" on this forum for several years feel the same way as Ralphie, Ron, Joe, Herb, etc. If the values go down, maybe I can get that second one I've wanted, in a different color.
 

dbk

The Favor Factory™
Staff member
Le Mans 2010 Supporter
Jul 30, 2005
15,187
Metro Detroit
Regardless of the value, I thought the line "the Ford GT is collectible only because it is in favor of the market right now" is pretty weak. Lots and lots of people who assembled multiple before the market was "in favor" of them. Wonder why...
 

twobjshelbys

GT Owner
Jul 26, 2010
6,053
Las Vegas, NV
Regardless of the value, I thought the line "the Ford GT is collectible only because it is in favor of the market right now" is pretty weak. Lots and lots of people who assembled multiple before the market was "in favor" of them. Wonder why...

It makes no sense If you swap the statements you end up with the same thing. That is because collectibility == market favorability. Neither has precedence therefor neither can be considered cause and effect. I think I know what he was trying to say, but all things, cars, diamonds, gold, and paintings from the old masters go through such cycles.
 

soroush

Ford Gt Owner
Mark II Lifetime
Aug 8, 2007
5,256
I hope the values fall big time, so I can get another one! I don't think it is likely though. Any significant older Porsche has more than doubled in value sometimes more why does he think the GT would not? unless he meant the whole market is due for a correction, to which I would be more agreeable!
 

bmoullet

GT Owner
Apr 19, 2006
76
New Smyrna Beach, Florida
I would like to read the article in more detail to try and capture his thoughts more fully. Like the rest of you have said; collectability and value are directly correlated to personal preference and most often "rarity". You can argue that with more than 4000 GTs built, the car is not as rare as most other highly collectable cars, especially given it's young age. I personally did not understand the rapid price escalation given the production quantity. But having said that, I personally keep coming back to the Ford GT after selling one. I think the GT has some truly unique advantages versus other cars of similar age. First, it has unique heritage from the GT40, Secondly, it retains super car status and performance after 10 years which speaks to the incredible engineering that was built into the car. Third, the styling and curves are simply sexy and timeless. The 2005/2006 GT will always be stylish and contemporary. Fourth, the car is pure Americana and represents the best of American muscle, design and engineering. In summary, I believe the GT has a unique combination of factors which makes its appeal timeless and very, very broad. Thus a large audience of potential customers world wide. Will prices come down? Who knows for sure but take it from a guy who has owned a number of these cars and has paid a price below MSRP (2006) to over twice msrp (last year); there is something magical about these cars. Prices today may seem high for those of us who paid sticker ten years ago, but they are still a relative bargain when compared to other collectable super cars. I just don't think this particular appraiser "gets" the Ford GT's appeal for some reason. That's ok because I don't get the collectability of other cars, yet some do. It's a personal thing I guess. I know that I will always have one to enjoy, enough said.
 

Awsum GT

GT Owner '18
Mark IV Lifetime
Sep 17, 2005
3,985
Carmel & Cntrl Ca
Regardless of the value, I thought the line "the Ford GT is collectible only because it is in favor of the market right now" is pretty weak. Lots and lots of people who assembled multiple before the market was "in favor" of them. Wonder why...

I think weak is an understatement. The car is a classic and those of us that own one and those that wish they could have one know this for sure. People can't get enough of the GT's timeless look. You can't drive down the street without everyone pointing at it as you drive by. I have never received more thumbs up over the past 11 years as I have in my GT!

This is one ride I will never part with. The same will go for the NGT if lucky enough to make the cut.