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Top Ten Resale Values -- What's Their Secret? - READ ONLY

58 messages,  Last post on Jan 11, 2010 at 9:10 AM

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What is this discussion about? Car Buying, Car Comparisons, Car Values, Coupe, Convertible, Truck

Messages Page 4 of 6

#29 of 58 Re: Bogus [steve_] by lemko

Aug 12, 2008 (10:23 am)

Replying to: Stever@Edmunds (Aug 12, 2008 10:03 am)
Shoot, I recall Miata Mania when the first models were new. People were paying well over MSRP for them.

#30 of 58 Re: Bogus [steve_] by MrShift@Edmunds HOST

Aug 12, 2008 (10:48 am)

Replying to: Stever@Edmunds (Aug 12, 2008 10:03 am)
I think that's just anecdotal data. People can "want" whatever they wish for a car, but the TMV is based on what's in the fat middle of the bell curve, not the highs and lows we hear about now and then. Besides all that, it's summer season. Go sell a Miata in a snow storm.
 
As for a 1991 Miata---ANY decent clean used Japanese car is worth $3,500. What you're seeing there is just the floor price for a decent used economy car in 2008 America.
 
Besides, we're talking about 3 year old cars and their resale. The number of used 3 year old Miatas on the market is enormous. There's no "Miata shortage". But a low miles, very clean Prius or MINI will get snatched up a lot faster than a Miata IMO.
 
HAVING SAID ALL THAT---the Miata does seem to share some of the characteristics of the cars with highest resale. Only the glut of them keeps them off the list I think.
 

#31 of 58 Miata by 1stpik

Aug 12, 2008 (12:20 pm)

Mazda killed the spirit of the Miata when they eliminated the pop-up headlights.
 
My '94 had a button on the dash that would allow them to "wink" at girls ..... a feature which I found useful on a few occasions.

#32 of 58 Re: Miata [1stpik] by fezo

Aug 12, 2008 (12:44 pm)

Replying to: 1stpik (Aug 12, 2008 12:20 pm)
I had actually been shopping for the next generation Miata (I liked the wink thing but needed a trunk that could at least hold a guitar). Everyone wanted silly money for them.
 
Ended up with a Celica convertible. Wasn't until I parked it next to a Miata that the Celica looked BIG!

#33 of 58 Re: Miata [1stpik] by lemmer

Aug 12, 2008 (12:54 pm)

Replying to: 1stpik (Aug 12, 2008 12:20 pm)
I wouldn't think a winking Miata would be helpful in any way to a man trying to attract women.

#34 of 58 Re: Miata [fezo] by MrShift@Edmunds HOST

Aug 12, 2008 (12:55 pm)

Replying to: fezo (Aug 12, 2008 12:44 pm)
Women like Miatas. I'd imagine a disproportionate share of the used Miata market is shopped by women. ( Men make the mistake of thinking women like their expensive macho cars, but what women may be attracted to is that they are expensive cars IMO. )
 
Women like MINIS too, and small SUVs right now. Female power is definitely out there in the resale market.
 

#35 of 58 Re: Kelley Blue Book [lemmer] by lazzinaro

Jan 05, 2010 (6:56 pm)

Replying to: lemmer (Aug 11, 2008 12:58 pm)
hey lemmer,...agree with most of your list[just having fun as a new member looking at old postings that interest me]...have to take exception to the 'vette listing though,...much as i love the corvette,...everything i've ever seen,...and researched,...unfortunately shows this cars value PLUMMETS once you take it off the lot,...so much so,...that even a 70000$ zo6 is worth about a third after 3 years,...don't quite know why,...they ARE building them better then they used to,...and now with gm in trouble[more then trouble, they're BANKTRUPT!],...why are the porsche 911's resideduals so good after 3 years[still at almost 2/3's of value?]...just perceived better quallity is all...this car ,as well as the porsche marque in general, should be on that list,...try buying a good condition 911,...say a 2007 s coupe, for less than 55000-60000 or so, and you'll be laughed off the lot!...i think people just perceive these cars to be a better built product, rightly or wrongly...

#36 of 58 Re: Kelley Blue Book [lazzinaro] by MrShift@Edmunds HOST

Jan 05, 2010 (7:01 pm)

Replying to: lazzinaro (Jan 05, 2010 6:56 pm)
The reason for low Corvette resale (relatively speaking) is that they made a TON OF THEM every year. There are thousands for sale every day all over the country, and in every podunk town you can name, probably.
 
It's just a supply and demand equation that tilts against excessive supply.
 
As for "quality", that, too is relative, although they joke for *older* Corvettes used to be that they "aged in dog years".
 

#37 of 58 Re: Kelley Blue Book [Mr_Shiftright] by anythngbutgm

Jan 06, 2010 (6:07 am)

Replying to: MrShift@Edmunds (Jan 05, 2010 7:01 pm)
The recent recalls for roofs flying off doesn't exactly scream "Quality"...

#38 of 58 Re: Kelley Blue Book [anythngbutgm] by MrShift@Edmunds HOST

Jan 06, 2010 (10:24 am)

Replying to: anythngbutgm (Jan 06, 2010 6:07 am)
Well let's put it in perspective. You are getting near-Ferrari performance for 1/2 the price.
 
So they have to skimp on something to get that price point---in the Vette's case, it's always been interior fitments, fit and finish on the exterior, and some off-the shelf GM hardware to save bucks.
 
Still a remarkable car for the money, especially for the 2nd and 3rd owners. But it is, after all, a Chevrolet, not an Aston Martin.

Messages Page 4 of 6

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