Re: Crossfire Sales Are D.O.A.
My statement that Crossfires are not selling because people do not want them needs to be qualified. The public is not purchasing NEW Crossfires because they do not want them (maybe due to curious styling, value proposition not being strong, Chrysler's name in the market place, whatever the reason). The new car sales numbers bear that out, so we are left with the discussion of the residual value of these cars in the near future. I fully agree that price has to meet a desired value proposition. I live in a small town in NC and there are four 2004 non-SRT Crossfires within 25 miles of me on dealer lots with average to low mileage that are going for less than $20k right now. I completely understand the emotional component of your opinion. You'll no doubt keep it, drive it, and love it. Two straight years of +20% depreciation does not bode well. As another person observed, resale is not a strong suit of DC. I'm guessing the value of non SRT versions will continue to drop into the low to mid teens over the next few years because there are relatively few Crossfire enthusiasts as compared to, say Corvette enthusiasts. If you follow the auctions you can see that the aftermarket for rare and unusual cars can be like a rollercoaster ride, so long term, you never know. But even then, it will be the SRT versions that garner attention. Something for the group, what do you think would happen if GM cancelled the Corvette? Corvettes sell out every year and they hold their value better than most vehicles. For a mid to late 80's Corvette in desirable condition you are still looking at $8-$10k, that has become pretty much the low ground for Corvettes of the modern era, and that's on a 20 year old car. The Crossfire does not have the following of a Corvette, so I'm guessing the resale will probably struggle. But I don't believe Crossfire enthusiasts bought their rides as an investment, but rather an instrument for the enjoyment of driving. I love this forum and site overall.