New from Hagerty: Viper Prices Are Falling

[Bill W]

https://www.hagerty.com/media/market-trends/viper-prices-are-falling/?utm_source=SFMC&utm_medium=email&utm_content=MED_VAL_NA_EML_UN_UN_Insider&hashed_email=d75ef50fa6a414bb0939e8ce0ecb314cf9beaef89d23ac3bfe14e12e8e995ac2&dtm_em=d75ef50fa6a414bb0939e8ce0ecb314cf9beaef89d23ac3bfe14e12e8e995ac2

 

[Jametemp]

Too bad this doesn't include the Gen V's. Including the skyrocketing ACRE

 

[emjohn43]

Guess what? My Viper still started today, and brought a smile to my face.

 

[99RT10GTS]

a 2004 Mamba just sold for $115K with 10K miles, don't think they are falling.

 

[serafins]

Hagerty has been on this nonsense for a couple quarters now. Prices have been bracketed between $55k and $65k for two years now. Nothing crazy going on either way with pricing.

 

[99RT10GTS]

2004 DODGE VIPER SRT-10 MAMBA EDITION - Vehicle | Barrett-Jackson Auction Company - World's Greatest Collector Car Auctions

www.barrett-jackson.com

 

[doctormosfet]

Can't put a price on this car being a bigger flex than other cars that sell at several multiples.
Can't put a price on the smile it puts on people's faces.
Can't put a price on the car's history and symbolism of how it resurrected a dying Chrysler in the late '80's.
Can't put a price on whooping every Corvette, Porsche, and Ferrari in its class in GT racing.
Can't, can't, can't, can't put a price on the glorious sound it makes.
Can't put a price on how it makes you feel alive.

 

[Goggles Pizano]

If you think Viper prices are falling, you should see taco trucks.

 

[Bill W]

I originally posted this (OP) from Hagerty and thought the same as y'all. Prices seem stable or maybe rising. Check this out: https://bringatrailer.com/listing/2...email&utm_campaign=Watcher_Listing_Ended_Sold

 

[Bonkers]

a 2004 Mamba just sold for $115K with 10K miles, don't think they are falling.

One car a trend does not make. For all you know the buyer
was drunk, or proving a point, or buying his dads old car.
When EVERY Mamba pulls in $115k, then you can make
the argument values are increasing...

 

[Bill W]

Not really making the argument that values are increasing. I said stable or maybe rising. I realize this was a collector's car with less than 1000 miles, and not representative of any trend. Six different individuals bid over $100,000 for the car. I doubt they were all drunk.

 

[Copperhd]

Coincidentally, I had both tacos and beer to celebrate the purchase of my 2005 Copperhead Edition w/15K miles.

 

[ViperTim]

I buy stocks in speculation.
Cars are for enjoyment.
Houses are for living in.

Only stocks and other speculation items are interesting with price increases.

But I'm a bit saddened I didn't take the plunge on another gen 2 GTS when I had the chance, yellow & black stripes. Was pretty cheap and it would've made a nice ride for my wife.

 

[Damn Yankee]

Of course they're falling, if you're in your late thirties today there is a high probability that you've never driven a manual car. You are looking to see if you can get in your car and say "Starbucks" and have the car drive you there, where you will then get out of your car, close your door and walk into Starbucks as your car self parks itself. Besides, even having a third pedal is most likely a grave danger for these very same people. They also know something that many of the older crew don't. By 2032, insurance companies, recognizing that auto-driven cars are already 600% safer in regard to accidents to humans driving, aren't going to be selling insurance for clutches. Roads themselves will only allow self-driving cars into cities and everything will be rainbows and unicorns.

 

[white out]

From the cars listed, it appears Hagerty is wrong.

 

[Bonkers]

Of course they're falling....

Careful, Ive been saying that here for years now and there
are many people here who are very mad at me for even
implying it. This Tulip Bubble was created when the Home
Equity market exploded and retiring Gear Heads could suddenly
get $500,000 loans for 2% interest. Of course, why not. The
Hemi Cudas, Hertz Mustangs, and COPO Camaros of their
childhood dreams were suddenly VERY obtainable. As such the
market exploded almost overnight.

That market has been self-feeding ever since. In order to
maintain, Twenty year olds today need to start building up
equity and diving, en mass, towards high speed performance,
or even collectability in general, in order to have the funds to
pay $1,000,000 for our Vipers in the next decade or so.

The same bottleneck that will eventually end this country is the
same one that will kill our hobby - the HUGE gap of ten to
twenty year olds being pushed up against the overwhelming
saturation of seniors will collapse the system. Twenty years
from now, as whats left of us all start heading to the retirement
homes there is literally not going to be enough millionaires
around to pay $1,000,000 for each and every hotrod, muscle
car, supercar, and sportscar that exists, let alone (like you said,)
millionaires who will even like cars to begin with.

With current fuel and economic pressures we are living at the dusk
of the Golden Age of the Gearhead.

 

[Damn Yankee]

Actually I think it's somewhat different than that. It's just a matter of time before the insurance companies recognize that the risk of having humans pilot their own cars is so much greater than self-driving cars that the premium will be enormous. I also believe it's just a matter of time for roads to be built that will only be allowed to be accessed by self-driving cars. The reason is the speed will be much higher as the cars can daisy chain their Communications between themselves, pack more closely, and instantly react to an event. Humans cannot do any of the above. I don't think people are mad at you for saying it, I just think the onset of the future is a great disappointment for some that grew up prior to self-driving cars. The bright spot? Most will not be here to see any of it. However, since your position is so radical, 638 driving credits have now been taken off your Prime pass.