Same car, 200+ more power, better tranny, better breaks...it's like GT350 on steroids! Why would anyone want a 350 now? Other than price. I always shook my head at guys paying over MSRP for the GT350R's...well with the GT500 coming, now the damn R's will come back down to earth. The Hellcat owners all feel butt hurt by the Demon, but at least they can sleep at night knowing the Demon is just a single purpose drag car...not as good all around driver as the Hellcat. But Ford basically made a much better track weapon with the GT500. Has to hurt. Doesn't it?
This. Plus I am going to drive the crap out of my GT350 for many years and do not really care about resale. And look at Terminator prices - those are still running at close to 50% of their original MSRP for clean examples - 16 years later!
The 2013 GT500 did not kill the the 2013 Boss 302 prices. Two different purposes with those cars
No one is disagreeing with you. But to say a pre-owned GT350 is low $30k's, is ludicrous.
... Look how well the Z28 sold vs the ZL1 people didn't care how much better the LS7 was it just didn't have a blower and I still remember my local dealer having a new one that was two years old for 20k under msrp. R VS GT500 will probably be a similar dynamic
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The new Raptor is going to destroy both the current gen Raptor AND the original gen. The original gen raptor values were propped up because lots of people preferred the V-8 over the TT V-6.
The only way the current gen Raptors (and the O.G.) don't plummet in value is if the new Raptor is $20k over what a current gen will cost you now. Then potential buyers will naturally perform the value analysis and determine whether or not the extra squeeze is worth having a 7.0 V8.
The same is going to be true with the 500. Price matters. Sure, there are a few collector's and emotional buyers that favor uniqueness, scarcity, etc, etc. But MOST people behave normally when it comes to purchases. They look at the price difference, evaluate whether or not there's a real (or perceived) performance difference and run the numbers and make their choice.
It's absolutely what ran the Camaro out of business the first time. Why would people buy a top model Camaro when they were nearly at the same cost as the base Vette?
If the 500 is everything speculated and it's within striking distance (or even) of the price of a 350R, the value of the R WILL drop. Period. End of debate. That drop will also have a domino effect and push the value of the base 350 as well (if the going rate for a barely used R drops $10k, all the sudden it enters the realm of someone shopping for a new 350. It's not that far of a stretch anymore).
As I've said numerous times, Ford COULD price the 500 upward of $100k. But the market for "muscle" cars or even track cars starts to shrivel with every climbing digit. So unless Ford decided that the 500 is going to be some very limited specialty vehicle that they sell half the numbers (but make twice as much profit) then that's the only way our 350's don't take a beating in value. This is possible. Some may even say likely.
The '03 Cobra didn't affect the '00 Cobra R's value. The '13 GT500 didn't affect the Laguna Seca's value. The new GT500 won't affect the GT350R's value.
You need to look broader. As the price digits rise, those price markets get more and more heavy with track and track capable cars.
The termi and the '00 R weren't just different cars, they were orders of magnitude apart in price. Terrible example. One was a HIGHLY HIGHLY rare car track focused with a big V-8 and the other was a roots blown muscle car.
Not only were they not comparable in terms of performance, the prices couldn't have been more different.
If what everyone suspects the 500 will be, it will most likely OUTPERFORM the 350R at the track. What the 500 lacks in "balance" and all the other rosey terms we tell ourselves, the 500 will certainly makeup for in grunt. The current stigma/detractor of the current 500's (chief one anyway) is that it's a one lap wonder, with bad brake fade and less than docile manners.
Compare that to a new 500 that features much BETTER brakes (comparable to the 350 and better than the previous 500), magnetic suspension, possible CF wheels, (coolers?). Even if Ford leaves out the coolers and puts all the other tech improvements from the 350 series on it, with the blower, the 500 is going to be formidable not just in a straight line, but turning and braking as well.
Without coolers, will it survive extended harsh track abuse? Probably not, but it's enough for people to feel like the car performs BETTER in every aspect, (not just street/strip driving).
Put those two cars in the same price range and despite whatever you hope, it's GOING TO DRAW POTENTIAL BUYERS AWAY FROM THE 350/R. Not all, but certainly SOME, maybe even A LOT. That doesn't even account for the number of people that dump their current 350/R in favor of the new R. (at a loss). It's just the way of things.
Put the cost $20k above the other offerings and now people get back to sorting out whether or not the extra cash is worth the real/perceived performance difference. I just don't see how Ford can do that without losing money on the project. $100k/car is going to severely limit the number of people who can and WILL buy a mustang, even one as badass as what we all anticipate is the new 500.
The '00 R and '03 Cobra were not that far apart in performance, and the example IS valid. Now, think about all the extra "stuff" and enhancements being made to the new GT500. How do you think Ford is going to be able to price it near the GT350R? I'm not understanding why some of y'all are insisting that the GT500 will drive the value of the GT350s down. I gave examples where that DIDN'T happen in the past, and you say it doesn't matter today. What's changed other than the HP and MSRPs? The performance deltas are comparable throughout the years. Heck, the '13 GT500 and the Boss LS were neck and neck in track performance, yet the LS's value remained in tact and Ford sold every one of them.
Why the hope that GT350 values will tank? Is it because it will make them cheaper to buy for folks who couldn't/didn't want to pay the new price? I can almost guarantee you there won't be a rash of GT350Rs showing up on the used market when the GT500 is released. There probably won't even be that many GT350s coming back as trade-ins for it.
No. And you can never cross compare how Camaros sell to how Mustangs sell. High end Camaros don't have that certain something that high end Mustangs do. Not to mention, the Z/28 was WAY overpriced. That was a hard sell right out of the gate when you could buy a brand new C6 Z06 for the same money! The lack of a blower had nothing to do with it. That dealer probably still had the Z/28 at $20K below MSRP because it was still overpriced at that price when you consider customers could walk in and buy a 6th gen SS 1LE for $10K less than that and get better all around performance on top of it. The Z/28 was a great car released at the wrong time and at the wrong price.
As far as the new GT500 affecting GT350 values, it might have a small affect on standard GT350s, but the R is made in small enough numbers that it won't be affected one bit. Just this past weekend, I was stopped at a light in my R, and a guy driving an SN95 spotted it. His eyes bugged out, and his jaw nearly fell into his lap! It was kind of funny. Remember, there are still TONS of people out there who want a GT350. With them rushing in to buy up used ones, the demand will still outstrip supply. That will keep the values up.
What you should be looking for is an influx of previous model GT500s. Even then, the price of the new GT500 will be so high that it won't have much affect on the older cars' values.
Have to agree with this. some ppl will want the new latest and greatest but the current 350 is too good to drop significantly. the fact that the GT350 isnt the fastest car on the road when it was released and obviously still that way shows that it is appealing to a certain crowd. If the current Shelby was the fastest one yet and another came out that is faster... this would have more of an effect on prices tanking. Some ppl just gotta have that new fastest and baddest thing out. The 350 was never the "most powerful" or "fastest mustang ever" and was NEVER advertised that way from the start.
... How special is a Boss 302 Laguna Seca? Or Camaro Z28? All 20-30K below original MSRP now. Same will happen to the R.
No. And you can never cross compare how Camaros sell to how Mustangs sell. High end Camaros don't have that certain something that high end Mustangs do.