Pontiac Dead? What's a 600hp 05 GTO going to be worth in a few months?

[Millefune]

I think you're just too much in love with your car. I love Jennifer so much I address her as if she's human, but I know the reality of the collector car market. Bone stock, super clean cars are worth more than hopped up hotrods. It hasn't changed in ages, and it won't change in "five or ten years." An "all original" (save the rubber stuff, I believe) car with low miles is worth more. Always has been, always will be. As much as you and I love our babies, they won't be worth as much modded and "personalized" as they would right off the factory line. A six-figure price for a last-gen GTO? *Laughs.* Come on bro, no way... not for at least 50 years or the dollar becomes worth as much as a Mexican peso. There are pristine old real GTOs (as in not Monaros) that go for less.

How many miles do you have on the GTO?


EDIT: Actually, I challenge you to put you car on listing, and see what people will offer you for it. I'm sure it won't be anywhere near what you feel you can sell it for.

[Wm Holden]

Originally Posted by Millefune

I think you're just too much in love with your car. I love Jennifer so much I address her as if she's human, but I know the reality of the collector car market. Bone stock, super clean cars are worth more than hopped up hotrods. It hasn't changed in ages, and it won't change in "five or ten years." An "all original" (save the rubber stuff, I believe) car with low miles is worth more. Always has been, always will be. As much as you and I love our babies, they won't be worth as much modded and "personalized" as they would right off the factory line. A six-figure price for a last-gen GTO? *Laughs.* Come on bro, no way... not for at least 50 years or the dollar becomes worth as much as a Mexican peso. There are pristine old real GTOs (as in not Monaros) that go for less.

How many miles do you have on the GTO?


EDIT: Actually, I challenge you to put you car on listing, and see what people will offer you for it. I'm sure it won't be anywhere near what you feel you can sell it for.

I understand you....(I have all the original parts in a box) The purists will want it (the box) I'm sure...but ..after they drive it...oh well..

13,000 miles and slowly counting.

[Millefune]

I've got 13K miles too, but most of that was first year driving. Nowadays I don't drive her as much. Hopefully we can keep 'em low!

[Wm Holden]

Originally Posted by Millefune

I've got 13K miles too, but most of that was first year driving. Nowadays I don't drive her as much. Hopefully we can keep 'em low!

I hear you on that!
Garaged (2 car garage with only the GTO...parked diagonal with a car cover! LOL!!)

It may never see 20k miles while i own it...It's like driving a brand new car every time i get her out...

[Wm Holden]

and rising....

[2002 Caddy]

Originally Posted by Wm Holden

and rising....

rising? this car loses about 10-15 percent per year... low miles or not...

So you can estimate a 1% loss every month... If you want a collector car that goes up in value go and find a genuine 69 Ram Air Judge... That car will HOLD its value if you drive it for fun... If you park it it will go up in value.

[Mustapha Mond]

Originally Posted by Millefune

Solstice GXP Coupe with the manual will be worth a lot.

YES! Exactly what I was going to post. I read somewhere, Fortune or Forbes or some such place, that only 1000 are going to be made.
-Elliott

[2002 Caddy]

Originally Posted by Mustapha Mond

YES! Exactly what I was going to post. I read somewhere, Fortune or Forbes or some such place, that only 1000 are going to be made.
-Elliott

Again maybe, but not likely... For a car to end up like a 1970 Hemi Cuda you need two things
1) Rarity which this car has and
2) Cult like popularity and demand.

Want proof... One of the rarest Oldsmobiles ever made was the 1980 Omega Sport. less then a couple of hundred were made... It is cool since it was one of the first cars with plastic body panels, beat the Fiero and Saturn by almost a decade... If you had a 1000 mile example of one of these under a tarp somewhere whats it worth? Maybe $1,500, if you are lucky.

More proof... Another rare Oldsmobile the 1980 442... The last 442 with a Olds 350 Rocket it it... again only a few hundred made all in black or white... A low mile 1980 442 is worth about $4,000.. if you find the right buyer. Most collectors won't give you $2,000 for it.

History is littered with rare and cool cars that were SUPPOSED to become valuable and yet... never did.

If you are buying the car 'cause you like/want/need it... Fine... If you are buying it as an investment... prepare to be disappointed.

[AMERICA 123]

Originally Posted by Wm Holden

You must not know the difference between them...it's HUGE!

I've found them for 7 with water damage....anyways....

Pontiac being put to sleep is going to be bad for some and good for others.

Its very likely to get strong faster than most expect.

As relevant as your observations are, there is a much bigger reality that very likely is going push this along although exactly how strong - who knows.

Super short version is that by 2015 there will be nothing even remotely similar in production.

That kind of change is going to be coming faster and harder than most realize.

To give you an idea in a some what indirect fashion, picture a future with lower end A8s, 7 Series, and S class product with things like 2.4L I4 gassers and 2.14L I4 Turbo Diesels and with various kinds of 3.0L V6s all over the mid and bigger better end.

Yes, there will be V8s but not like we know them and perhaps most importantly they will be ( most likely ) rare and very pricey as far as 'cars' go.

Regardless of how it all ends up your GTO is going to eventually run strong on pricing - and will do so 'early'.

Yours and certain SRT product will most likely be some of the best from that time frame.

[johnnyl321]

Originally Posted by 2002 Caddy

Again maybe, but not likely... For a car to end up like a 1970 Hemi Cuda you need two things
1) Rarity which this car has and
2) Cult like popularity and demand.

Want proof... One of the rarest Oldsmobiles ever made was the 1980 Omega Sport. less then a couple of hundred were made... It is cool since it was one of the first cars with plastic body panels, beat the Fiero and Saturn by almost a decade... If you had a 1000 mile example of one of these under a tarp somewhere whats it worth? Maybe $1,500, if you are lucky.

More proof... Another rare Oldsmobile the 1980 442... The last 442 with a Olds 350 Rocket it it... again only a few hundred made all in black or white... A low mile 1980 442 is worth about $4,000.. if you find the right buyer. Most collectors won't give you $2,000 for it.

History is littered with rare and cool cars that were SUPPOSED to become valuable and yet... never did.

If you are buying the car 'cause you like/want/need it... Fine... If you are buying it as an investment... prepare to be disappointed.

you make a great argument. remember all of the above when you trade in your car at a dealer next time....same arguments, slightly different wording. I know my favorite is "the only book that determines a car's value is a checkbook!"

[vcs2600]

Originally Posted by AMERICA 123

Regardless of how it all ends up your GTO is going to eventually run strong on pricing - and will do so 'early'.

Yours and certain SRT product will most likely be some of the best from that time frame.

I dunno, the market ignored the GTO the first time around. Even if things play out as you predict, collectors will have their hands full with Camaros, special edition Mustangs, even late 4th gen Trans Ams. But stranger things have happened.

[2002 Caddy]

Originally Posted by johnnyl321

you make a great argument. remember all of the above when you trade in your car at a dealer next time....same arguments, slightly different wording. I know my favorite is "the only book that determines a car's value is a checkbook!"

Yup I couldn't agree more... A car's value is only what someone is willing to pay. And anyone who has traded anything in knows the trade-in evaluation is rarely a happy event.

Collectors will look for a car that is all original FIRST... this car isn't... that is a big issue... even cars that can be "put back" will be passed over for a car that was never fiddled with... Next they will look for a car that has history... One that was owned by someone famous or did something famous... Even if this was the car that was in Herbie Fully Loaded... It still would be an up hill climb... Maybe if Lindsey and her friend made out in the back seat... maybe... But you would need pictures to prove it.

There are lots of "modern" cars that fit the above bill and never became collectible and never went up in value... for example a 1993 Allante Indy Pace car... less then 4700 made... expensive $60,000 (in 1993 dollars), desirable, was in numerous movies, tv shows, etc... Built by Ferrari coach builder. And this car was actually predicted by several experts to be a future collectible... Bla bla bla...

So here is a car that is rare, paced Indy, pininfarina built, was fast and cool... guess what a "nice" low mile, $60,000 1993 Allante is worth today? less then $20,000... Not all that hard to find for less then $10,000...

The number of cars built since 1980 that have gone up in value is a very small list... GN/GNx... Turbo TransAms... Any others? even ultra rare and cool ZR1 Vettes from the 90's have failed to materialize as collectible...

[Wm Holden]

the rising comment was because while others are putting theirs into the wall ..mine is parked motionless.
IN very short time you will not be able to get this car.
and remember...mine is 50 state smog legal 600 ponies.
That alone is making it elite.

[Wm Holden]

Jim Wangers the "GODFATHER of the GTO" and I






and rising I say...

[digitalgod]

Here's what needs to be considered. Not where will it be 10 years or even 20 years but 40 years from now. I'm afraid these guys are right. A modded vehicle has always been worth less than an original because it needs restoring. There is an exception to this however. If the modding was done not only by professionals, but professionals with a nationally recognized name. Proof of this would be Yenko, Baldwin, and Royal models from the 60s and early 70s. More recently the names would be Roush, SLP, Calloway, Lingenfelter, etc. This doesn't mean that if your car was modified by someone less known right now that you are out of luck. It just means they need to become nationally recognized. It would be my guess that in 40 years 05-06 GTOs and the G8 GXPs, all original, will be worth around $400,000. Now before you go "No way!" realize that if car pricing followings the pattern of the last 40 years, a new 2046 Camaro SS should be selling for around a sticker of $300,000. And if you have a 550-600hp Lingenfelter GTO it should be between $500,000 to $600,000. Now if the car is a 100 point show car. You could probably get twice those amounts.

What makes me think these two cars will go the way of the great muscle cars with names like Ram Air and Hemi attached instead of the examples given of rare Oldsmobiles above. If you use Pontiacs official numbers released for their vehicles in hp and 1/4 mile times, you find that the 05-06 GTOs were the fastest production(read completely stock) Pontiacs ever built. The G8 GXPs were the most powerful Pontiacs ever built. With Pontiac now defunct, these facts will never change. In other words, these cars don't just have a cool gimmick or a classic name attached. They represent some of the very best of the breed. That, in time, will generate the frenzy.