Ford Mustang | MustangWorks.com - Shelby Mustangs: $20,000 over sticker

[05/19/2006] Shelby Mustangs: $20,000 over sticker

By: Peter Valdes-Dapena - CNNMoney.com Staff Writer

GT500 will not be released until later this month, but dealers pre-selling cars on the Internet get high prices.

Ford hasn’t yet announced the price of the 2007 Shelby Cobra GT500. But, whatever it is, buyers have already indicated a willingness to pay at least $20,000 more.

The Shelby Cobra GT500 is a version of the popular Ford Mustang equipped with a 500-horsepower supercharged V-8 engine. The original Shelby GT500s, made in the late 1960s by race driver turned sports car maker Carroll Shelby, are now highly coveted collectibles that can sell for hundreds of thousands of dollars. (Far fewer of those cars were built than the approximately 8,000 per year a Ford spokesman says will be made of the new version.)

On eBayMotors.com, one Texas dealership is advertising a 2007 Shelby GT500 with a "Buy it now" price of $99,999. So far, no-one’s paid that much, but bids in that auction were already over $65,000 as of Wednesday afternoon.

The first 2007 Shelby GT500s are expected to arrive in dealerships at the end of May with most dealerships getting just one or two to sell.

Ford’s sticker price for the car is expected to be about $40,000. Some dealers advertising on eBayMotors are asking for bids in terms of the amount over the sticker price the buyer would agree to pay.

Currently, bidders are offering to pay $20,000 or more over the car’s sticker price.

Shortly after the GT500 was unveiled in April, 2005, an interested buyer went into Corey’s Northgate Ford in Binghamton, N.Y. with a check for $1,000 for the right to buy a GT500 for sticker price whenever the car became available, said Scott Prancue, the dealership’s general manager.

"Thank God I didn’t take it," he said. "I would have been fired"...

Read the full CNN article here

SOURCE: CNN Money

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User Comments

aamer27
Join Date:	05/20/2006
Age:	53
Posts:	1

Confused on prices for Shelby Mustang 2007 : I have recently seen on eBay prices for 2007 ranging between 15 to 20K. Could the price be right or is there a catch somewhere. Should I be cautious in anyway on the net price on the road.

StangFlyer

Join Date:	06/01/1995
Location:	Michigan
Age:	53
Posts:	19,326

It’’s all about supply and demand initially. The Shelby is hot right now and everyone who would like to buy one wants to get their hands on one of the first ones. So, there’’s a rush right now and dealers have waiting lists. Therefore, the dealers can jack the price up well over MSRP and get it. However, Ford is producing 7500+ Shelby’’s per year. That’’s a full production run just like any other previous Cobra. Wait six months and you’’ll probably be able to get one at or below MSRP.

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[05/19/2006] Shelby Mustangs: $20,000 over sticker By: Peter Valdes-Dapena - CNNMoney.com Staff Writer

[05/19/2006] Shelby Mustangs: $20,000 over sticker

By: Peter Valdes-Dapena - CNNMoney.com Staff Writer