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Old Apr 4, 2006 | 12:22 AM
  #41 (permalink)  
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HDDP
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Joined: May 2004
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From: Charleston, SC
Default Re: Crossfire Sales Are D.O.A.

Originally Posted by rohada
I agree with the comment that the Crossfire production is coming to an end. The numbers spell it out, so what does that mean for owners? The resale and worth of a car is ultimately determined by the one willing to buy it. Low production and uniqueness are only a few factors in evaluating vehicle worth. No car in the sub $50k (even $100k) arena will ever be considered collectable as it comes from the factory, not withstanding competition history, celebrity status, etc. I would be absolutely amazed if the price went up in value. Remember, this is a car going out of production because it is not selling. Therefore, no one wants it. So why would people suddenly realize the error of their ways and seek them out en masse? No, I'm afraid they would not. Besides, there are several other desirable two seaters that are still in existence. Most people like strength in numbers, that is why there is a Bimmer in every other garage. Crossfire owners don't want to meet themselves at every other intersection. The era of the 50's thru early 70's collectible car is gone forever, so we are faced with disposable cars and trucks. In the modern era, the Crossfire is just another car. One that is quickly going out of production. As such, the Crossfire is depreciating over 20% a year, high by even US car standards and this is a European built car. My guess is we will see the Crossfire become one of the best used coupe/convertible deals to hit the planet since the introduction of the automobile. The replacement parts may become an issue but many parts have been made for a car line that has been around for 3-4 years, especially since it is one car with only one other iteration as a convertible. The engine parts can be found in their M-B counterparts. The knick knacks will find themselves on eBay to the highest bidder. If you are not in it for the long haul, then sell your Crossfire now. If you like it for what it is and have no compunction about the value falling like a cinderblock, then drive it and love it. The best deal will come to those who buy a used one only a few years old.
Well put... I think parts will not be a problem for quite a few years, as it is my understanding that reduced production in 2005-2006 left many parts sitting in warehouses.

I'm waiting to see that first "new" '05 SRT6 selling for 30k... Shouldn't be far off... I took a hit for 43% depreciation on the Limited in the first two years...
 
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