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Lightnings, Cobras, and even Harley Davidson F150s have held there value in the past few years. But as vehicle get older we run it to the issue of bank lending. What I mean is, most banks will not finance a vehicle that is older than 6 years... thats were many Lightnings and HD F150s are losing value because dealers have a hard time selling them, and consumers have a hard time getting financing on them.
Gas is going down ($1.78 Regular @ QT today) but unfortunitly that alone will not drive the values up on these cars. The auto market has been hit hard with high gas prices this summer and a shakey economy. It is nice to fill up my Navigator for $67 instead of $100. But we are not going to see values go up.
He is a fine example, I was watching the Adesa Auto Auction live today with my used car manager. A 2008 Navigator white 12k 4x4 w/ DVD and Nav sold for $29000 and a black one sold for $28,600. These are $50k vehicles that were sold 12 months ago. A 2008 V6 Mustang coupe base 15k sold for $12k. Almost 1/2 of what the sold for new 12 months ago. The entire market is being affected. Currently you can purchase a new F150 Supercrew that has a MSRP of $36000 for $24500!
The best thing to do is just stick with your Cobras and Mustangs and jsut enjoy them!
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