'71 to '73 MARKET PLACE SNAPSHOT MID YEAR 2023

[Austin Vert]

Hi to all,

Thought i'd post this one up as a matter of general interest to Forum members.

I decided to take a quick 2023 mid year look into the current market place for our 1,2,3 Mustangs. I chose Hemming's market place as my example, but could have chosen other popular marketplace venues just as well.

Some key points i took onboad. It appears that the 1971 Mustangs are leading the charge for attracting the highest prices.
It also appears that asking prices are definately rising in recent times for our 1,2,3 Mustangs ($130,000 to $13,000), but there still seems to be a wide spectrum of values put on our cars. Also, there is a good healthy availability of buying stock out there. The asking prices appear to be very robust with higher asking prices in favor, but looking at the sold figures, the story doesn't quite marry up to this. Overall, i took both links to be very encouraging feedback.

https://www.hemmings.com/classifieds/cars-for-sale/ford/mustang/1971
Please note - navigating around the site will bring up a greater number of our selling cars for sale, plus you can go to the Sold Cars section to see our sold cars as well. (For example, change the year range from 1971 to 1973) Many thanks.





Greg.

 

[Hemikiller]

I've noticed a significant rise in the asking prices of the 71-73s as well. Private sellers seem to be somewhat grounded in reality with their prices, while dealers think they can get 69-70 prices for "meh" quality 71-73s. I'm talking cars that shouldn't pull down more than $15-$20k be offered at $50k.

 

[giantpune]

I've noticed a significant rise in the asking prices of the 71-73s as well. Private sellers seem to be somewhat grounded in reality with their prices, while dealers think they can get 69-70 prices for "meh" quality 71-73s. I'm talking cars that shouldn't pull down more than $15-$20k be offered at $50k.

Thats what I was thinking when I clicked the link. Those look like overpriced dealerships. The same car you'd pay $17k in a private sale, a dealership cleans it up and lists it for $35k.

 

[Austin Vert]

Thats what I was thinking when I clicked the link. Those look like overpriced dealerships. The same car you'd pay $17k in a private sale, a dealership cleans it up and lists it for $35k.

Good point there. I guess the question is, are the dealerships turning over and selling on their 1,2,3 stock and are they getting their asking prices as advertised, or close to them?

Greg.

 

[73 Mach 1 4 me]

It appears the dealers are getting close to their asking prices because the cars aren’t sitting on the lots. I’ve just increased my insured value based what I’ve been seeing.

 

[Austin Vert]

It appears the dealers are getting close to their asking prices because the cars aren’t sitting on the lots. I’ve just increased my insured value based what I’ve been seeing.

Interesting.

In my case, i have my '73 Vert fully comprehensively insured for an (agreed) total of $70,000.00 Australian Dollars. My insurer is a popular, leading major classic car specialist insurer Australia wide. They base their agreed insured write off price based on their perception of current Australian market values of our Mustangs.
Also, our 1,2,3 Mustangs are being currently advertised on Australian market place venues, between $25,000 and $120,000 Au. Most of these sales are private sales, not dealerships. The majority of these sales revolve around the $40,000.00 TO $80,000.00 Au mark.

That said, it pays to bare in mind that for example, i purchased a '73 Vert the same as mine right now from America with a US Dollar asking price of say, $35,000.00, and had it shipped back out to Australia, i would have to folk out a total close to $71,000.00 Au shipped to my door after all costs and expenses.That has to be taken into account for the Aussie buyers and owners.

Greg.

 

[AcesArneson]

Good point there gang, this would be the best time for an appraisal if you want to ensure you are covered at these rates but going forward as used demand drops you might want to see if you are paying too much for your insurance.