I was reading today about a 993 GT1 - talk about rare - as in 2 off- and the guy had it at some poshy track in NY where he drove it and pushed it. Says he plans to keep doing it - "can't take it with me, so I might as well enjoy it and drive it". He also said the car was meant to be driven and driven hard!
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This is a friend of mine, I know him and the car well. He loves the game of the chase as much as the cars. He drives them, doesn't fall in love with them, when he no longer enjoys them, they're gone, he knows the market, knows how to price the car, if it doesn't sell, he'll wait for the right buyer, he won't overprice the car, he'll price it to the market, and he'll get his price.
A bit off topic...but somewhere I remember reading that Ellison actually had more than one 1996 Sebring Silver made. He had one for him, and I think he had at least one more made for another of his high level executives. Still a sweet and unique car though.
hmmm I thought he had a 95 sebring. I could be wrong. I have the one he gave to high level executive. Wait! Did a little research looks like there is 2. So ok I will reword my past statement I would sell my car for 50,000+ even thats a TWO off car lol. Thanks for clearing that up for me.
I'm a marketing & advertising guy so you finance and engineering guys don't bust my chops too much in this thought. ;-)
"The market" for used cars no longer in production but available for sale is an interesting thing. What would happen to NSX prices if a bunch of us posted our cars for sale using prices from years ago? Most cars would never sell, but you think it would drive prices up? If you change the dynamics of supply (more inventory available but the inventory is priced high) then would you change the perception of demand (eg the prices people would consider paying)?
Would Tabasco's car be more attractive if my 1992 and a bunch of others were priced at $50k and stayed priced there for a while?
Most of the NSXs that are on the market are not on our market place - they are on cars.com, autotrader, and various other places including some local dealers around the country and Craig's List. So I doubt if our small list of cars whether priced higher or not would drive the price point on the NSX in general - my 2 cents - if we had a corner on the market of all used NSXs then maybe your plan might work out.
Good feedback.
Again as an advertising guy, from me, it doesn't have to make sense as long as it gets people talking. ;-)
I just took a look at autotrader. 116 nsx for sale there. High price $75k. Lowest price $16k (salvage not repaired). Average price $37.5k.
What would happen if 100 of us from prime put our cars up there on autotrader at 150% of current asking prices and left them there for a year or two? Of course our cars wouldn't sell but would it get people thinking differently about value? Would perceived value change? Would the lower priced cars then be seen as bargains instead of the norm?
Stop answering questions with questions and tell us how those mechanisms work.
What would happen if 100 of us from prime put our cars up there on autotrader at 150% of current asking prices and left them there for a year or two? Of course our cars wouldn't sell but would it get people thinking differently about value? Would perceived value change? Would the lower priced cars then be seen as bargains instead of the norm?
Adam Smith has an invisible hand he'd like to show you.
Adam Smith has an invisible hand he'd like to show you.
Personally, I just don't understand the rational behind someone trying to get $70k or more for a NSX. $70k opens up a huge variety of used cars, not to mention brand new cars, that are really nice! I mean Stingray Corvettes, late-60's Camaros and mid-60's Mustangs don't usually fetch this kind of money!
$70k and I am all over a F360 or Lambo! These cars have depreciated about as much as they ever will!
I typed my post with tongue firmly in cheek (my own for you miscreants out there thinking dirty thoughts). If I may quote Lewis Black, I think both sellers are "stone cold fv<K asking their get will they think either if nuts? p price.<>
But then again, I realize that there is the potential for a buyer who may have gone skinny dipping in the shallow end of the overly chlorinated gene pools of the sellers and pay those insane prices.
And I wouldn't buy either car if money were not an object. I didn't get where I am in life by getting price gouged.
RSO, sometimes us thick headed individuals that haven't been around that long comparitively, like me, don't know when some are kidding. I'm glad you explained yourself a bit and so the next time I'll know better...:wink:
No one likes to get price gouged. I too came across a 93 silver with like 15k miles or something early on in my search and it was for sale by one of these little dealers out there that you become familiar with as you cover the world with your searching efforts and he was just nuts - car had never had anything of any importance done as in proper maintenance at the proper intervals and the guy was asking a ton of money cause it was so "rare" and rare it may have been but whoever bought that car would have been looking at a bunch of deffered service. We'll as I tried to make my point to him - he actually raised the price - I let that one and that A hole pass on by. You meet guys like that out there - in the Porsche world the equivalent would be Sloan Cars or stable - whatever another salesman with very delectible cars at outrageous prices and I suppose he sells them to "dicerning" buyers but not that often. When you get a reputation for highly prized vehicles I guess you can charge what you like.
So not to argue with my pal Jason, who makes a good point that for some it's the NSX or nothing. I can really appreciate that statement - so comparing what you can get out there with a certain amount of cash is not the point - but - like RSO says - no one likes to get price gouged and some of these guys are living in a dream world and waiting on a guy that just has tons of cash and is what they call a spontaneous buyer - sees something - cares not what it costs and just wants it. Not too many of those guys out there but maybe they're are enough to support guys like this salesman. But the guy, Tobassco , I'm not so sure he really wants to sell that car anyway. His wife may want him to sell it but he isn't going to cave UNLESS he gets an outrageous price for it. Could be. Jason - I think you got a great car and it's just a good example - now is it a pristine 05 - well maybe not but we all have our priorities. For you right now - the car you bought is a jewel! I know you're happy.
It's an interesting thing - auto pricing. So anyway - thanks RSO for letting us know where you really stand on this one. I really like your perspective and have read your posts as much as I find them with enjoyment and I get alot out of them. You know the NSX and have a really good knowledge base about cars in general.
RSO, sometimes us thick headed individuals that haven't been around that long comparitively, like me, don't know when some are kidding. I'm glad you explained yourself a bit and so the next time I'll know better...:wink:
No one likes to get price gouged. I too came across a 93 silver with like 15k miles or something early on in my search and it was for sale by one of these little dealers out there that you become familiar with as you cover the world with your searching efforts and he was just nuts - car had never had anything of any importance done as in proper maintenance at the proper intervals and the guy was asking a ton of money cause it was so "rare" and rare it may have been but whoever bought that car would have been looking at a bunch of deffered service. We'll as I tried to make my point to him - he actually raised the price - I let that one and that A hole pass on by. You meet guys like that out there - in the Porsche world the equivalent would be Sloan Cars or stable - whatever another salesman with very delectible cars at outrageous prices and I suppose he sells them to "dicerning" buyers but not that often. When you get a reputation for highly prized vehicles I guess you can charge what you like.
So not to argue with my pal Jason, who makes a good point that for some it's the NSX or nothing. I can really appreciate that statement - so comparing what you can get out there with a certain amount of cash is not the point - but - like RSO says - no one likes to get price gouged and some of these guys are living in a dream world and waiting on a guy that just has tons of cash and is what they call a spontaneous buyer - sees something - cares not what it costs and just wants it. Not too many of those guys out there but maybe they're are enough to support guys like this salesman. But the guy, Tobassco , I'm not so sure he really wants to sell that car anyway. His wife may want him to sell it but he isn't going to cave UNLESS he gets an outrageous price for it. Could be. Jason - I think you got a great car and it's just a good example - now is it a pristine 05 - well maybe not but we all have our priorities. For you right now - the car you bought is a jewel! I know you're happy.
It's an interesting thing - auto pricing. So anyway - thanks RSO for letting us know where you really stand on this one. I really like your perspective and have read your posts as much as I find them with enjoyment and I get alot out of them. You know the NSX and have a really good knowledge base about cars in general.
I definitely agree that everyone has their own priorities. Don't forget I was just 2 days out of surgery and ramped up on Norco when I wrote that. You have to admit if you were on Norco 40 all day you might lose it like I did and agree to buy a 72k NSX LOL <--- making fun of myself