Shelby gt500 prices hit the wall and go splat

Mark this glorious month of June down on your calendars as the month Shelby GT500 prices hit the wall and went splat.  I know this because I have been religously watching markups/prices ever since they came out about a year ago and I can honestly say everywhere I look prices are coming down even if it’s slowly.



Mark this glorious month of June down on your calendars as the month Shelby GT500 prices hit the wall and went splat.  I know this because I have been religously watching markups/prices ever since they came out about a year ago and I can honestly say everywhere I look prices are coming down even if it’s slowly.  The prices I have been seeing on Ebay, Autotrader and various other places are in the low $50K’s and even some sellers are asking high $40K’s.  Now I know there are still alot of dreamers out there and what I mean by this is your XYZ dealer still asking rediculous $65K prices, there are plenty on Ebay as I type this.  I just laugh and move along when I view prices like those and you should to.  I knew this time would come but did not think it would take almost a year for prices to head downward.

More fuel to my fire comes from a recent trip to my local Ford Dealership where I was purchasing an SUV for the wife and in the showroom they had a red GT500 coupe that had been marked down a few times; $59K > $57,700 > $55K.  I asked our salesman why the mark downs on the GT500 and he flat out told me nobody has even made an inquiry about the vehicle for sometime and they were looking to move it.  I wonder if this is the norm for dealers around the country, why else would we see these lowered prices.

After the jump I have listed the deals and dreamers I found on Ebay.

Decent Low $50K Deals

• 2007 Shelby GT500 Coupe, Alloy - $53,270 - Ebay Link
• 2007 Shelby GT500 Coupe, White - $52,995 - Ebay Link
• 2007 Shelby GT500 Coupe, Red - $52,000 - Ebay Link
• 2007 Shelby GT500 Coupe, Vista Blue - $53,500 - Ebay Link

Dreamers

• 2007 shelby GT500 Coupe, Black - $63K - Ebay Link
• 2007 Shelby GT500 Coupe, Black - $65K - Ebay Link

Let me know if you are seeing the same things I am in the comments.