i don't know about the price rising anytime soon, but at least there is noticeably less and less of them avaliable... many of the owners that purchase.. purchase it for long term ownership.. which is a good thing..

there is about 70-75 left on cars.com only maybe a month a half ago there were constantly over a 100.. prolly another year or two and they would very difficult to come by.. not that they are not already I have had my SRT-6 since august 2006 and have seen only 2 other srt-6 on the road.. and 1 at a chrysler dealership also getting service.. thats it...

 

In the UK and EU there are new directives out (aren't there always ) which will severely limit manufacturers' CO2 emissions by 2010...and it gets worse from there. The limits are applied on an average across the range so high powered cars will still be available but they will cost much more, pro rata, than they do now and they will be increasingly rare. Those who want high performance vehicles will move to the second hand market driving up prices for a few years.

So, I'm betting SRT prices will benefit from this but so what? I didn't buy it for its resale value. Hell I dropped £17K on a Jag in 30 months and that's pretty bad.

 

I've seen an SRT6 for $16995 with 38k miles, and $17995 with 25k miles within the past week. They are definitely still falling like a rock...that's less than I paid for my used '04 limited in May of '07 with 30k miles on it!

BUT, like mentioned...I didn't buy it to sell it, I bought it to keep it. With that said, I would be surprised if it didn't hold its value at least FAIRLY well when it is a good bit older, say 20+ years (if taken care of and mileage is fair).

It wont be as bad as the Fiero, or as good as the Cuda...probably average for a 2seat sports car. This is surprising because they are so limited in numbers...but they have the wrong 'name' on 'em.

SQ

 

Shawn,

Did you actually see the SRT6s at those prices or were they on the Internet? I have noticed that a lot of the used car dealers will list a Crossfire as an SRT6 But the photos and SN don't match with an SRT. I saw two on Autotrader last week in the $16K range and both were really Limiteds.

 

They were both SRT's, no doubt.

Here's the one for $16,995.00 (Aero Blue Coupe)
http://cgi.ebay.com/ebaymotors/Chrys...spagenameZWDVW

And here's the one for $17,991 (Sapphire Silver Blue Coupe)

http://cgi.ebay.com/ebaymotors/Chrys...spagenameZWDVW

 

I would sell my roadster for $50k min. Does that help everyone's value?

Let the bidding war begin!

 

Check out pricing on a Prowler. Chrysler dumped a lot of excess Prowler inventory a few years ago. Now just not a lot in re-sale circulation and pricing more than many people paid for them as left-overs during the fire-sale. It's been said already, but use them for what they are, have fun, and when it comes time to sell the re-sale value is what it is. Don't expect an SRT Vert will be going for $50k five years from now, but don't expect it will be going for $5k. My best guess is a fews years driving fun at current purchase pricing is probably going to amount to $3k-5k further depreciation. By the time average mileage is in the 35-45k range, most bugs and glitches will have been well sorted out. The underlying bones of these cars are pretty solid from what I can see, and good looking always sells.

 

There never was a "fire sale" sale on Prowlers like the SRTs. Prowler production came to an abrupt halt in Feb., 2002, and many dealer orders were never satisfied. That's not to say that many did not sit on showroom floors for months and months because indeed they did. However, the Crossfire dilemma Chrysler has endured was nothing like that of the slow Prowler sales. As I said earlier in this post, I do believe SRT prices will stabilize like those of the Prowler, but again, 99 percent of the time you're not going to make a mint off this or any other collectible car. If you're looking to make money, invest in the stock market or real estate.

Matthew

 

I don't think the argument here is making money. I don't think I've seen anyone on this forum discuss trying to make money on a car. Now, my '65 Chevelle, that is another story. All I am hoping for as I've said numerous times is to have some sort of reasonable resale value when it comes time to unload the Crossfire. I would hope that I could get at least 10-12 grand out of the thing. The way things are going though, it would be more likely that I could expect 8 grand or less in a few years and a few thousand miles.

 

Soft market now for all sports cars given economy concerns. C6 Vette leftovers are selling at $12k-13k below list. BMW M Roadster has a ton of dealer incentives on the hood. 350Z vert in a similar situation. There's an awful lot of people that seems to be visiting the forum if there's no demand for the car. Simple fact is Chrysler had to either pay for a production run of 100k cars or pay a penalty clause to Karmann on the shortfall. Almost all their major competitors have been selling less than 10k cars a year in this vehicle class, and by those standards the Crossfire was selling pretty decently. The entire 4+ yr Prowler production run was < 12k. With a divorice pending with Mercedes, Chrysler tried to spread the income statement hit into future years through these short term leases and mfr auctions. Wholesaler buyers pick them @ auction and you get a short term glut for sale.

Once sold they're not making any more, the "for sale" pool drops while demand remains roughly the same. Demand patterns run the same on all sports cars, performance variants and rag-tops are most widely sought. SRTs and Limited 6 speed convertibles will likely always have the best demand to production ratio and thus best resale. Automatic base and limited coupes probably the lowest demand relative to the production, and thus the lowest resale. If you want to minimize the risk of a significant resale hit that's your answer. But more important, get what you like and enjoy, right?

 

All true and well put. The fact is that even in good times sports cars sell at most around 14K units.

I believe that was around the production of the '04 model and that was strictly the Limited coupe. In 2005 the ranks of Crossfires grew to Limited coupe/roadster, base coupe/roadster and SRT6 coupe/roadster. From what I have seen ti looks like there were somwhere in the range of 30K '05 Crossfires. combine that with the fact that there were still some unsold '04 Limiteds at the time, there is no way Chrysler was going to sell them all under normal conditions. Add the sinking economy and toy cars attractiveness dropped even further.

I Chrysler would have either maintained their production numbers at around 15K, they might have been able to keep the values higher. Because they didn't it caused a glut of cars and the ensuing free fall of prices.

This is a simple case of having one's head up their a$$. The main cause for the Crossfire's decline was overproduction. Add to that not enough properly trained techs, Dealer attitudes and lack of knowledge about the car, plus basically a non existent ad campaign and you have the Crossfire glut.

To those who bought early, you are bearing the brunt of the decline in resale value. To those of us lucky enough to have bought them at greatly reduced prices, many would not have them today (and enjoying them) had the price not come down so dramatically.

As mentioned many times before, cars are not usually bought as an investment. Maybe it will be worth more in the future, but I don't care. I don't have time to worry about that. I am too busy ENJOYING the toy to be concerned.

One car company's mistake has provided me real pleasure!

 

Eventhough production has stopped and Xfires may become more difficult to locate, I'm not sure people want the car enough to pay more for it. There are and will be plenty of other alternatives in the new car market to satisfy most enthusiasts.

Also, not sure where people are seeing these huge rebates on cars like the Z4. I haven't seen one dealer in my neck of the woods willing to go under 44 grand on any new Z4 including left over 2007s. They are selling at or even slightly above MSRP out here. Let me know where I can find one with incentives. Same goes for 'Vettes. The most inexpensive I've been able to find was 50 grand. It was a base model and the dealer wasn't willing to come down at all. Most are in the 60 grand range, which is a bit ridiculous for a standard Corvette. If you know of some for 10-12 grand off, let me know. We're looking for one.

 

Check a few volume dealers in your the nearest big city. The BMW dealers get a little cagey about all discounts until you mention the incentive dollars on the Z4 and M. The Chevy dealers had do some Vette volume tend to be more up-front about the discounts (check Ramp Chevolet in Port Jeff Station, NY). Same with the larger Nissan dealers on the 350Z. Even the Boxster has some significant incentive dollars from Porsche, though like BMW the smaller volume dealers aren't always quick to fess up if they don't carry much inventory.

 

Thanks, I'll check it out!

 

Check www.edmunds.com, latest incentives, manufacturer to dealer, for example:
2007 BMW Z4 - up to $7500.
2007 Corvette - up to $3000.
Plus, usually any car with big manufacturer to dealer incentives can easily be bought for dealer invoice minus any customer rebate and dealer incentive. They are trying to sell them.
For example, new 2007 Corvettes are selling for msrp/sticker minus $10,000 to $12,000.
As No1Piranah mentioned, the best deals are usually found at high volume dealers. They don't have to "hit a home run" on each car.

 

I've read the edmunds stuff and other rumors about the rebates, I just can't find ANY dealers in the are willing to drop more than 1000 bucks from the MSRP on any 07 vette or left over Z4. Maybe it's just a regional thing. I figured it would be more common out here where sports cars only come out in the Summer.

 

That's where the internet is your friend.
Kerbeck Chevrolet, Atlantic City, NJ, Koons Chevrolet, Tysons Corner, VA and Criswell Chevrolet, Gaithersburg, MD are examples of high volume dealers that have been selling new 2007 Corvettes, for $10,000+ off msrp/sticker, since 12/07.
I know because I shopped all 3 of them, in 12/07, before I bought my Crossfire.

 

All three mentioned by WALC are really big volume dealers that would be glad to ship to you. Kerbeck in AC is #1 or #2 in Vette sales Nationally. You could also try Bast Chevrolet in Seaford, NY. Ask for Pete (a good salesman -- I came close to buying a CPO C5 from him just before I stumbled onto the SRT-6 -- would have too but for an unexpected illness in the family). They had two '07 in December that I'm sure they'd sell to you @ $12k below list. One was a pretty funky copper colored pace car convertible.

Re-sale on the Vette will still be at least $20k+ less in 3 years than what you paid for it (an even bigger hit if you were to trade it in). Plus there's additional sales tax that you'll never see back. Unless you think SRT-6 convertibles will be going for $2,500 three years from now, you'd be pretty hard pressed at this point to do better on cost of ownership for a late model 2 seat sports car than an SRT-6. You could probably sell a Prius 3 years from now for only $3k or $4k less than what you paid for it, but then again you'd have to drive around in a Prius for 3 years. What price on that?

 

Duh....the more they cost in the beginning the more they depreciate!! Just like all the other cars out there. I've never seen a new car increase in value as it ages until they reach there 25th birthday or so. For now you can expect them to continue dropping. Personally I'm extreemely happy with my SRT6 as it was a fabulous VALUE for the bucks!

The only car I've every owned that went up in value was a 1958 Messerschmitt KR200. And it took about 45 years before it started skyrocketing in value.

 

Car investments are a matter of judgement and luck. In 1985 I bought a Sunbeam Tiger for $4000, reworked and kept original..One just sold for $105,000 heavily modified...Mine I figure at $35000...MGA I restored three years ago average at $25000...I bought the Crossfire because it was new, roadster and resale red.....Time will tell..I have faith and the number I see wrecked....Parts from LKQ