they held onto vehicles that wouldn't sell new, for about 25 years, and for what? Stupid idea. Storing these had to cost more than they could make given the number of years. The truck went for $16,095
the car went for 29 thou.. if it sold. The buy it now price was 29 thou
http://www.thegentlemanracer.com/2012/10/ebay-watch-new-unrigistered-shelbys-on.html
If you held onto a Ford GT (GT40) yes, it's doubled in value already. But a Dodge? No.
Keeping the unsold cars worked for that old guy in Nebraska...
ReplyDeletehe had few desireable cars. 10 to be exact. What he had the most of was a field of rusted neglected, trade ins. And a very high energy auction company pres. She kicked but at getting the public suckered in. They made about 1/2 the money forecasted, and about 1/3rd was jsut due to the 10 prime cars. Far too many trucks from the 70's no one wanted then or now.
DeleteThe keep it and use it as an investment stradegy? if that was a good idea, dealerships wouldn't be selling new cool cars. If you could flip it at 5 or 10 years for double your money, you would. If they aren't, you can be assured it's not a good tactic. Ferrari, Porsche, Lambo, Mercedes... no one uses that idea of store it and sell it.
Why? You can't get parts support for many things past the 4 year mark. Past warranty is past parts support. That one year only gizmo that made the engine computer analyze the exhaust for proper timing blows or corrodes because it's aluminum, and you have a museum piece.
That one year only rubber piece in the fuel pump corrodes from air exposure, or it's clamp rusts off... and you have a big damn paperweight in your garage
http://justacarguy.blogspot.com/2013/06/video-of-lambrecht-dealership-cars.html
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