[#8ZL1Man]

No sale today on BaT (with a bit of drama if you missed it - I pulled it out of the auction). Still available.

If you didn't follow the auction today, an Orange ZL1 coupe, with same low miles (mine was 493), sold for $69K just a day before my car was scheduled to end. And convertibles usually go for $5K-$10K more than the coupes (1LE excluded). ...Of all the ZL1s produced from 16-23, only 14% were convertibles.

So a reasonable expected price for my car might have been $74K-$78K, and maybe more if I had waited til April since it's a convertible. I wasn't being greedy at all.

[#8ZL1Man]

Originally Posted by Curr

As someone currently watching the ZL1 market closely... $71,500 is an good price for that car. Lots in the $71-75k range with very low miles.

Sad part about add ons is they add no value to the car to the market in general. Better off taking all the good bits off (as I did my 911S, and re-coup'ed around $2k)

Have to separate coupe (non 1LE) vs. convertible values. The other thing is that there really isn't much sales data on <500 mile 2023s. The online data valuation platforms can't even run with less than 1,000 miles input. And only 493 miles is a big difference vs. a regular 'low-mile' car with 4K-8K miles, apples and oranges.

2023s:
Low mile Coupes: mid/high-60s
Low-mile Convertibles: mid-70s
Low mile 1LEs: high-70s

[jfkheat]

I don't think it was a wise decision to end the auction early. There is almost always a few more bids in the last few minutes of the auction. I see you now have it listed in some of the Facebook ZL1 groups. The current market is not high $70k right now for these cars. Convertibles are not selling for much more than coupes. It seems like there are more convertibles listed for sale on the online sales sites. I wish you luck with the listings.

[#8ZL1Man]

Originally Posted by jfkheat

I don't think it was a wise decision to end the auction early. There is almost always a few more bids in the last few minutes of the auction. I see you now have it listed in some of the Facebook ZL1 groups. The current market is not high $70k right now for these cars. Convertibles are not selling for much more than coupes. It seems like there are more convertibles listed for sale on the online sales sites. I wish you luck with the listings.

Other factors (stuff you don't see) - I shut it down with 10 min left, and there had been no bids in 2 days. BaT was only trying to back my reserve down to use their 'make whole' policy to match the last bid and charge their credit card, but they had not placed a bid in three days - I saw a mess coming, a low price and maybe even no buyer follow-through in the end.

I was not a good auction - I learned that BaT is more for high-end imports and exotics and rare classics - not really new American performance cars. I got feedback that they were only promoting the click-bait cars in their marketing (nobody contacted me and said "Hey, I saw your ZL1 in my BaT email").

If the economy softens, BaT's 5% buyers fee is going to cost them business. Hagerty is doing auctions now and Auto Trader is starting auctions next month. And I suspect BaT is giving dealers volume buyer's fee discounts to keep the numbers up, and their auctions are becoming more 'wholesale' for cars like ours.

(I can't be sure, but how would you feel about the auctions if retail consumers were paying 5% fees, but dealers were paying a net discounted fee of only 3%-4%? -- Why else would so many dealers be watching and bidding there - and BaT told me they were - if they couldn't get cars at near wholesale prices? Are you seeing lower prices, or just a shift from retail to wholesale auction prices?)

Meanwhile, 2008-2014 Shelby Mustang Convertibles are being listed now on car sites for $10K-$15K over their fair market value going into the Spring. I think that I was just too early, and those convertibles you mentioned will be gone soon.

All that said, I'm really not being greedy - a solid offer of $74.5K may take this car, But BaT didn't have the right auction for that.

[NovaSS4spdFan]

Originally Posted by #8ZL1Man

Other factors (stuff you don't see) - I shut it down with 10 min left, and there had been no bids in 2 days. BaT was only trying to back my reserve down to use their 'make whole' policy to match the last bid and charge their credit card, but they had not placed a bid in three days - I saw a mess coming, a low price and maybe even no buyer follow-through in the end.

I was not a good auction - I learned that BaT is more for high-end imports and exotics and rare classics - not really new American performance cars. I got feedback that they were only promoting the click-bait cars in their marketing (nobody contacted me and said "Hey, I saw your ZL1 in my BaT email").

If the economy softens, BaT's 5% buyers fee is going to cost them business. Hagerty is doing auctions now and Auto Trader is starting auctions next month. And I suspect BaT is giving dealers volume buyer's fee discounts to keep the numbers up, and their auctions are becoming more 'wholesale' for cars like ours.

(I can't be sure, but how would you feel about the auctions if retail consumers were paying 5% fees, but dealers were paying a net discounted fee of only 3%-4%? -- Why else would so many dealers be watching and bidding there - and BaT told me they were - if they couldn't get cars at near wholesale prices? Are you seeing lower prices, or just a shift from retail to wholesale auction prices?)

Meanwhile, 2008-2014 Shelby Mustang Convertibles are being listed now on car sites for $10K-$15K over their fair market value going into the Spring. I think that I was just too early, and those convertibles you mentioned will be gone soon.

All that said, I'm really not being greedy - a solid offer of $74.5K may take this car, But BaT didn't have the right auction for that.

While I enjoyed BaT for several years, it lately seems to have gone in the wrong direction. Some of the cars , such as a Chevy Cavalier wagon, really don't belong - regardless of low miles. Increased fees as though they weren't already cleaning up. And the trolls are outta control.

[m6-lt1]

Originally Posted by #8ZL1Man

Meanwhile, 2008-2014 Shelby Mustang Convertibles are being listed now on car sites for $10K-$15K over their fair market value going into the Spring. I think that I was just too early, and those convertibles you mentioned will be gone soon.

That doesn't mean they are selling for those prices. I'm currently in the market for a 13/14 GT500 coupe as I learned my SS 1LE is not the right car for me. I too am seeing prices all over the place. The ones that are priced 10-15k higher than average are NOT selling. They are staying put. No one is dumb enough to pay that. It's not 2021/2022 anymore. The ones priced in the 50-55k range are moving fairly quickly though.

Another thing to factor in (hope I don't get kicked off the site for saying this) is the GT500 has a way bigger following than the ZL1. More buyers so they sell quicker.

[GearheadSS]

Originally Posted by #8ZL1Man

No sale today on BaT (with a bit of drama if you missed it - I pulled it out of the auction). Still available.

If you didn't follow the auction today, an Orange ZL1 coupe, with same low miles (mine was 493), sold for $69K just a day before my car was scheduled to end. And convertibles usually go for $5K-$10K more than the coupes (1LE excluded). ...Of all the ZL1s produced from 16-23, only 14% were convertibles.

That's not always the case. In my experience, convertibles don't necessarily command more than coupes(for Camaro anyway), especially this time of year. When they do, it's more like $2k-$3k more. There's a reason that only 14% of 2023s were convertible. More people want coupes, plain and simple. If it were the other way around, more convertibles would be built.

Personally, I think the $71k+ number is a solid price in the current market. Spring/summer might help you get closer to where you want it to be.

[FH212]

I might be in the minority, but I will not buy a car from an auction type set up. I enjoy seeing the cars that go onto Bring A Trailer, but for me personally I will buy one from someone with an ad and a posted price somewhere. That way there is no wasted time, I can either negotiate with them or if it is way above what I deem a decent price I will pass and look for another one.

[Rckinkaid]

Dang! That looks almost identical to 2SS convertible. If I would have waited a little longer, I probably would have bought it.

Are you having dash rattles, too?

[MT-SS1LE]

Originally Posted by FH212

I might be in the minority, but I will not buy a car from an auction type set up. I enjoy seeing the cars that go onto Bring A Trailer, but for me personally I will buy one from someone with an ad and a posted price somewhere. That way there is no wasted time, I can either negotiate with them or if it is way above what I deem a decent price I will pass and look for another one.

I was going to say the same. I will never use an auction site. I get the appeal, people think they are going to luck out and get a steal of a price. But that rarely happens and you usually have to deal with a lot of BS and extra fees. I've always sold cars through places like Craig's List for exactly what I want. I negotiate a little and both parties make out without the drama.

[jfkheat]

Originally Posted by GearheadSS

That's not always the case. In my experience, convertibles don't necessarily command more than coupes(for Camaro anyway), especially this time of year. When they do, it's more like $2k-$3k more. There's a reason that only 14% of 2023s were convertible. More people want coupes, plain and simple. If it were the other way around, more convertibles would be built.

Personally, I think the $71k+ number is a solid price in the current market. Spring/summer might help you get closer to where you want it to be.

I agree. There are a lot of ZL1s for sale now. Prices are lower than they were just a few months ago.

[#8ZL1Man]

I got some insight from an old dealer friend today: Sounds too simple to be news, but seems right. The market spends it's money in Nov/Dec, and then cars sit Jan/Feb - the absolute worst months to sell a car, and dealers don't want them, especially convertibles. April/May will be a complete 180.

As for nobody wanting convertibles, 48% of C8 Corvettes in 2022 were convertibles...

[jfkheat]

Originally Posted by #8ZL1Man

As for nobody wanting convertibles, 48% of C8 Corvettes in 2022 were convertibles...

That may be true but your car is not a Corvette.

[IMCWORTH]

Originally Posted by jfkheat

I agree. There are a lot of ZL1s for sale now. Prices are lower than they were just a few months ago.

Carmax.com has alot for around $60K with very low miles