50% less GT500's next year?
#21
the pure production numbers don't matter. it's all about production numbers VS. THE NUMBER OF PEOPLE WHO WANT THE CAR. If someone turned down one at 10k over, that was a BIG mistake IMHO. Dealers in my area are still getting 20k over and have customers lined up to pay that. Some customers have said they will pay ANYTHING, because they can't get one. The allocation is limited.
The Ford GT was a different cat. The potential audience for a car that expensive is small. But a 45k or even a 65k car? You open up a whole new set of buyers.
Ain't capitalism great?
The Ford GT was a different cat. The potential audience for a car that expensive is small. But a 45k or even a 65k car? You open up a whole new set of buyers.
Ain't capitalism great?
Did you just crawl out of a cave? The sticker prices of automobiles have been a joke for decades. The suckers who pay 10 grand over now are likely to loose 20 grand in equity within 12 months. Who in their rigtht mind is going to do that.
#22
Mach 1 Member
the pure production numbers don't matter. it's all about production numbers VS. THE NUMBER OF PEOPLE WHO WANT THE CAR. If someone turned down one at 10k over, that was a BIG mistake IMHO. Dealers in my area are still getting 20k over and have customers lined up to pay that. Some customers have said they will pay ANYTHING, because they can't get one. The allocation is limited.
The Ford GT was a different cat. The potential audience for a car that expensive is small. But a 45k or even a 65k car? You open up a whole new set of buyers.
Ain't capitalism great?
The Ford GT was a different cat. The potential audience for a car that expensive is small. But a 45k or even a 65k car? You open up a whole new set of buyers.
Ain't capitalism great?
Then several months go by and you see the ADM's going down or dealers are selling at MSRP or below.
Sure, I wanted an 05 when I saw the concept, but when they arrived at the dealers and I saw ADM I decided to wait until prices came down.
Then I got an x-plan pin and found a dealer to accept it on an ordered car and the rest is history.
Regarding the list of customers willing to pay whatever it takes to get a GT500-Several months ago I saw one at the dealer where I got my car, and didn't see any ADM sticker, but found out later the asking price was around $62,000, and it looks like the car is still available.
#23
Bullitt Member
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A potential buyer refusing to be manipulated into paying $10,000 above the MSRP is a mistake?
Did you just crawl out of a cave? The sticker prices of automobiles have been a joke for decades. The suckers who pay 10 grand over now are likely to loose 20 grand in equity within 12 months. Who in their rigtht mind is going to do that.
Did you just crawl out of a cave? The sticker prices of automobiles have been a joke for decades. The suckers who pay 10 grand over now are likely to loose 20 grand in equity within 12 months. Who in their rigtht mind is going to do that.
I also turned down a $5,000 ADM at one dealership on an 05 Mustang GT. I did buy the 05, but ended up getting it for 1,300 below MSRP at another dealership. And I ordered my 05 in the beginning of November 04 - took delivery on 1/21/05.
With all of the other Shelby cars coming out soon, plus the Charger and potentially the Camaro in 09, I do believe the patient ones will be able to buy a GT500 very close to MSRP, if not at MSRP.
#26
#27
I was thinking about the ADM reveral the other day...When the '05 came out, the first one I saw was a silver GT Manual, leather, no IUP....had a 6K ADM on it. just two months ago, my dad got a Black '06 GT manual with ICAP and dealer installed sunroof for $28,500...0% for 72 Months. What a deal you can get if you just wait....
#28
You guys seem to forget how few Shelbys were sold back in the 1960s.
1965: 562
1966: 2380 of which 936 were GT-350H Hertz models
1967: 3225
1968: 4450
1969: 3150
1970: 601
Total: 14,368
The 1970 GT-350s & GT-500s were leftover 1969 models that they couldn't sell so the re-tagged them as 1970 models.
Total # of Mustangs sold during those years: 2,568,633.
That is, Shelby Mustangs were 0.6% of all Mustangs sold during those years, that's why the original Shelbys are so valuable.
#29
The "Shelby" badging on these cars is the result of clever, but somewhat deceptive marketing via a contractual agreement that allows Ford to market the vehicle with this name association. Any potential buyer who does a minimal amount of research quickly learns that this offering is a 100% in house, mass produced Ford and has nothing in common with the hand retrofited Shelbys of the mid 60s. This becomes even more obvious when one considers the fact that Shelby will be marketing his own version of the Mustang which is massaged and finished under his roof. These cars would likely be the one to go for if you are inclined to gamble on what these cars may be worth 35 or 40 years from now.
#31
It will happen, the market for cars like the GT-500 is not that large.
You guys seem to forget how few Shelbys were sold back in the 1960s.
1965: 562
1966: 2380 of which 936 were GT-350H Hertz models
1967: 3225
1968: 4450
1969: 3150
1970: 601
Total: 14,368
The 1970 GT-350s & GT-500s were leftover 1969 models that they couldn't sell so the re-tagged them as 1970 models.
Total # of Mustangs sold during those years: 2,568,633.
That is, Shelby Mustangs were 0.6% of all Mustangs sold during those years, that's why the original Shelbys are so valuable.
You guys seem to forget how few Shelbys were sold back in the 1960s.
1965: 562
1966: 2380 of which 936 were GT-350H Hertz models
1967: 3225
1968: 4450
1969: 3150
1970: 601
Total: 14,368
The 1970 GT-350s & GT-500s were leftover 1969 models that they couldn't sell so the re-tagged them as 1970 models.
Total # of Mustangs sold during those years: 2,568,633.
That is, Shelby Mustangs were 0.6% of all Mustangs sold during those years, that's why the original Shelbys are so valuable.
#32
That's an interesting stat. Do you know the current day statistics for regular Mustangs to Shelbys? I don't, but I think you'll be surprised. There are lots more cars on the road today in all. Check that and get back with us. Then the whole story will be more clear.
That is for the years they will be manufactured, the new GT-500s will be 9 times more common than Shelby Mustangs were in the 1960s.
#33
We won't know the exact answer until production is over. But based on the letter Ford sent to its dealers as to how many GT-500s will be produced, the GT-500 will be about 5% of total Mustang production for MYs 2007 -2008 - 2009.
That is for the years they will be manufactured, the new GT-500s will be 9 times more common than Shelby Mustangs were in the 1960s.
That is for the years they will be manufactured, the new GT-500s will be 9 times more common than Shelby Mustangs were in the 1960s.
On a side note, take any production #'s with a grain of salt. Cases in point...
- 1999 35th Anniversary GT, planned 6000, built 4628.
- 2000 Spring Feature GT, planned 6000, built 3901.
- 2001 Bullitt GT, planned 6500, built 5582.
- 2003 Mach 1, planned 6500, built 9652
- 2004 Mach 1, not originally planned at all, 7182 built.
#34
Don't bet the farm on a 3rd year of this car in its current configuration. The market will be well saturated by the time the 09 models would commence. Ford needs to sell these products to their retail network which will be hesitant to order significant #s as they watch the pool of buyers evaporate. Look at the history of the C5 Z06. Crazy prices in the first year followed by $12,000 discounts in 04. It allways works this way. There will be a price collapse for the GT500. It is not whether it will happen but when.
#35
Team Mustang Source
I keep hearing varying stories on a possible 2009 production. Most of the more credible resources I have say no. Have you heard something on that topic?
On a side note, take any production #'s with a grain of salt. Cases in point...
On a side note, take any production #'s with a grain of salt. Cases in point...
- 1999 35th Anniversary GT, planned 6000, built 4628.
- 2000 Spring Feature GT, planned 6000, built 3901.
- 2001 Bullitt GT, planned 6500, built 5582.
- 2003 Mach 1, planned 6500, built 9652
- 2004 Mach 1, not originally planned at all, 7182 built.
The Mach 1s sold better than expected which is why the extra cars the first year and the extra year. If Ford can sell them, they will make them. Mark my words, the GT500 will exceed the published production numbers.
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