Leadfoot01

The Motorcars International one (referenced above) for $879K is sold

Ak3249

Anyone know the actual selling price of the motors international car?

I know he had lowered the asking to 779k for about a day on his site, but then it was changed back to 879k.

Curious to see what he actually got

LA Brit

I emailed him on it about 6 weeks ago and he wouldn't take less the 899k iirc, will have to check my emails.

Me&You

Strange. The Motorcars Int'l CGT was sent out on a "wholesale dealer" email blast today looking for offers.

I suppose a sale could've transacted and the posting just got caught in the system.

envythez06

My dad had a guy somehow find out he owns a Guards Red CGT, then find our home phone number and leave us a message asking if it was for sale..... Seems like buyers are still having a hard time finding cars they want. Was it anyone on here by chance?

Ak3249

http://inventory.mgmsl.com/web/used/...Ohio/23879446/


seems like the Motorcars International CGT ended up at Marshal Goldman

bbs993tt

Interesting. The same guy called me this afternoon. Nice guy but I was a bit creeped out that he was able to get my phone number.

richk

motorcars was offering the car at 750k last week

W8MM

I was also creeped out by a cell-phone call I received about a month ago asking pretty detailed questions about my CGT. The caller seemed to know most things about me and my car except milage and extent of track use.

He feigned loss of interest when he found out it had been tracked.

I guess when a particular car begins to approach $1,000,000 in real market value, lots of "interesting" people come out of the woodwork.

NYC123

I believe asking a week ago was 750 but just looking for offers... that seems much closer to reality than some of the other prices being talked about on here...550-750 is the real market (no including a bubble wrap zero mile car or a pats etc etc..)

nuvolari612

So many of your posts consistently undervalue the CGT market.

Do you own one and would you sell it for 550k - condition miles colors.

Let me know I will place it on e-bay and make 100 - 200k this weekend or I can wait til Goldman sell their only CGT and probably make another 50k.

Hope you didn't track it

CGT000

Does it have the luggage?

LA Brit

And so many of yours overvalue!!!

NYC123

No I sold mine. I don't think I am undervaluing the car I think I am just doing math, its not all that complicated. The motor cars international car which several people point out they were asking 750k last week seems like a fairly low mile and very nice example. Last time I checked the business of a car dealer was to buy at price A, sell at price B. Typically price B is higher than Price A, hence the term car dealer , they try and make money, a spread if you would. So if they are asking 750k or looking for an offer close then they likely bought the car for less than that. Margins that dealers try and make vary dealer to dealer but lets say maybe around 10% is average that dealer attempt to make ? (use your own assumption here but on avg I would think 10% is not far off). So asking 750 trying to make lose to 10% would mean they bought it around upper 600's. So if this math is accurate we would have a fairly low mile car trading both in the upper 600's (wholesale when this dealer bought it) and then again lower to mid 700's retail price when he sold it.
When I say typical market 550-750... my 550 is referring to wholesale for a high mile car. maybe I am off 25-50k someplace but I don't think I am far off.
Sure there are lots of cars asking 800-900k+ but none selling. As many are selling for 900k as there as as many being bought at 400k. Plenty of bids at 400k as well but none transacting.
Just being realistic here with the market, nothing more. And I think these results are very strong and owners should be happy as this market is quite a jump from one year ago today, very nice to see especially when most part of the p car world have cooled off dramatically Took me a full year to sell my 959 and some other special cars I had been trying to sell. Asking price on EBAY does not make a market, check writers make a market.

nuvolari612

That's not true - feel free to point one out prices have only gone north.

Funny thing is you are the guy searching for one and have not been able to sell - appears you are screwed all around.