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Car dealers' hype beaten by internet facts

After an American car company recreates its legendary 1960's Ferrari-beating race car, the first $150,000 2005 production car sells at a charity event for $400,000 over sticker price, (to a Microsoft-enriched individual, of course) and many months later, dealers are still asking up to $200,000 over sticker, or at least $150,000 over sticker. The "experts" at Edmunds say the car is selling for about $100,000 over sticker (seeing their "True Market Value" requires a few clicks from this page), and the widespread belief is that these admittedly amazing cars are virtually impossible to find and all selling for at least $100,000 over sticker. But using publicly available data, including completed eBay auctions and public documents, this non-commercial site shows the truth to be very different than the hype.
posted by escorter on May 13, 2005 - 32 comments

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