Quote:
Originally Posted by DRM500RUBYZR-1
I agree with the highlighted.
Selling them between 40k and 70k.
Not just me.
Mecum.
BAT.
and others.
Very likely will continue, then higher.
Marty |
I track all of this. More low mileage (sub 10k) cars have traded hands in auction this year than any previous year of record. That could mean two things (not mutually exclusive):
- The collector's market has picked up for the zr-1.
- People don't believe the low mileage cars are going to appreciate significantly beyond their current point.
For your 40-70k number, I would agree if we were talking sub 5k mile cars. Beyond that, no. And the data doesn't support that being the new "range." The range, inclusive of all mileage, but excluding damaged cars is 18-75k. Virtually no cars with over 10k miles have broken the 40k price barrier. Average by mileage:
sub 5k - 50057
sub 10k - 38855
10k+ - 29250
Opinions vary, data doesn't lie.