GXP FS only 662 miles on speedo - Pontiac G8 Forum: G8 Forums - G8Board.com
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post #1 of 33 (permalink) Old 06-26-2013, 05:39 AM Thread Starter
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GXP FS only 662 miles on speedo

HI Guys, This is not my car I just seen it for sale at a dealer close by to me.

Wish i was in the market, but thought someone here might be looking for this car.

2009 GXP auto, with only 662 miles, its at a Cady dealer - Brooks in Connesville, Pa.

I think they know what they have asking price is 42K

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post #2 of 33 (permalink) Old 06-26-2013, 06:35 AM
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thats new

I would like to see what it goes for I only have 1275 miles
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post #3 of 33 (permalink) Old 06-26-2013, 06:52 AM
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That's the dealer I bought my G8 from back in 2010. Pretty good service.

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post #4 of 33 (permalink) Old 06-26-2013, 08:08 AM
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So cars are actually appreciating in value now?

I know that these cars were a limited production, but the idea that a 4 year old used car would be 2k more than sticker price on one brand new is just straight up retarded.

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post #5 of 33 (permalink) Old 06-26-2013, 08:34 AM
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Well during a recession used car prices go higher and stay high until we climb out. We are still in a little bit of a recession or at least are climbing out of it far too slowly. Once the economy really gets better people will start buying new cars again. Supply and demand.

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post #6 of 33 (permalink) Old 06-26-2013, 08:36 AM
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Well during a recession used car prices go higher and stay high until we climb out. We are still in a little bit of a recession or at least are climbing out of it far too slowly. Once the economy really gets better people will start buying new cars again. Supply and demand.
A recession has nothing to do with it. If you're willing to buy a used car for more than sticker price when it was new 4 years ago, you are an idiot.

These cars might be collector items one day, but not right now. Production only ended 4 years ago.

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post #7 of 33 (permalink) Old 06-26-2013, 08:42 AM
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Supply and demand. They have the supply so they can demand what they want. Simple economics. Now when they sit on it for 6 months to a year and it doesn't sell the price will come down.
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post #8 of 33 (permalink) Old 06-26-2013, 08:49 AM
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Yes I agree that it is insane, but the recession does have a lot to do with used car prices. More people are hanging on to their current cars because they can't afford a new car and fewer new car sales means fewer late-model trade-ins. Obviously a "rare" low mileage car like a GXP doesn't hurt the price either.

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post #9 of 33 (permalink) Old 06-26-2013, 08:55 AM
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Supply and demand. They have the supply so they can demand what they want. Simple economics.
That isn't what supply and demand means. At all.

There is ZERO demand for a used car at higher than sticker pricing. Their supply of said product will have to come into a reasonable price range in order to be demanded by consumers.



Imagine that demand curve intersecting the Price axis at 40,000 (sticker price). At that point, demand would be zero. Once it lowers in price, eventually a consumer will pick it up.

This is assuming a rational market, which of course is probably flawed, because crazy people have no idea of the value of goods.

Don't get me wrong, the GXP is a great car. I bought one myself. But NO ONE should pay higher than sticker price for a car that is USED. It is absolutely idiotic, and that's the last I will say on the matter.

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post #10 of 33 (permalink) Old 06-26-2013, 09:01 AM
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Well if you think about it people have been paying upwards of $35k lately for a GXP with 20,000-30,000 miles. Take away the depreciation factor of 30k miles and this car should easily go for $37+K. Again this is just an asking price from a dealer. If you look up Kelly Blue Book on this car it is over $39k.

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post #11 of 33 (permalink) Old 06-26-2013, 09:31 AM
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Quote:
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There is ZERO demand for a used car at higher than sticker pricing.
These guys disagree.
http://www.barrett-jackson.com/

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post #12 of 33 (permalink) Old 06-26-2013, 09:40 AM
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my 66 vette

I had a 427 66 vette ,sold it for 15 times sticker in 1999 ,there is no more pontiac this is there last v8 the most powerful v8 ever in a pontiac 1800 made half have been modified and the stock ones with no miles are the best for collecting , its all about time ,with collecting the economy gets good the price goes up
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post #13 of 33 (permalink) Old 06-26-2013, 09:47 AM
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These guys disagree.
http://www.barrett-jackson.com/
4 year old cars are not classics. Yes, these cars will be valuable at some point in the future, but right now there are just too many being bought and sold around the country to drive the price up this high.

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post #14 of 33 (permalink) Old 06-26-2013, 09:49 AM
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42k sounds very reasonable for a GXP with less than 1000 mi. They are no longer available and this is a chance to get a basically new one. If I was looking for one, I would probably be jumping on this.


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post #15 of 33 (permalink) Old 06-26-2013, 10:14 AM
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Quote:
Originally Posted by TrainReq View Post
4 year old cars are not classics. Yes, these cars will be valuable at some point in the future, but right now there are just too many being bought and sold around the country to drive the price up this high.
Those crazy people you speak of? Guess what, they are a key variable in the mix and help to influence the actual price that cars are bought and sold for. Just because you're not crazy enough to pay that for the car, it doesn't mean that many others won't pay that. More people want these cars today than there are cars to go around. Seems pretty simple to me.


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post #16 of 33 (permalink) Old 06-26-2013, 10:19 AM
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Damnedest thing, Kelly Blue Book lists this car as being worth $41,659 so I guess them asking $42,000 isn't too far off after all huh?
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post #17 of 33 (permalink) Old 06-26-2013, 10:34 AM
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What did the one at mecum sell for. Something like 45k

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post #18 of 33 (permalink) Old 06-26-2013, 02:17 PM
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I spoke to them the car is a auto ,they were going to get back to me as of now they didn't so I think they are holding there price
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post #19 of 33 (permalink) Old 06-26-2013, 02:28 PM
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Originally Posted by HAWK17 View Post
Well if you think about it people have been paying upwards of $35k lately for a GXP with 20,000-30,000 miles. Take away the depreciation factor of 30k miles and this car should easily go for $37+K. Again this is just an asking price from a dealer. If you look up Kelly Blue Book on this car it is over $39k.
I'd say 37-38k would be a pretty fair price.

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post #20 of 33 (permalink) Old 06-26-2013, 03:30 PM
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s/b interesting. As cars evolve, like the SS coming out, it can lower the pricing on the G8s. Especially once it has an 8spd auto and the LT1.

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