While shopping for the SSR of my dreams, one of the places I've been perusing is EbayMotors. There are close to 40 for sale there right now. What I have noticed over the past couple of months is the high bids are getting lower and lower. Very few if any sales, with reserves not being met. I may also note, that I do not consider the few "buy it now" prices I've seen to be too much out of line. Many bids do not exceed 17-18K for the 5.3L 03 & 04's.
How much lower can things go? Obviously a buyers market right now and with winter on it's way (sorry) the outlook is grim for sellers IMHO.
Last edited by MrJitters; 08-11-2010 at 05:05 PM.
Reason: correct grammar & speling
Low milage 05 & 06's are selling in the 27-32K range. I personally know of two 05's that sold for 28K but they were low milage one owners (under 5K miles). N Freeway Hyundai is buying up all unique and low milage SSR's, I know of two they are trying to buy right now as I have talked to the current owners. They then tack on 3-5K. They are selling at those prices, they just sold the Silver and black to someone, overpriced in my mind, but hey, good for them, bottom line is they are still bringing good jingle if they are nice. Having said that, it is a scary time right now, things just aren't getting better.
__________________
If you search the world for happiness, you may find it in the end, for the world is round and will lead you back to your door. ~Robert Brault
Low milage 05 & 06's are selling in the 27-32K range. I personally know of two 05's that sold for 28K but they were low milage one owners (under 5K miles). N Freeway Hyundai is buying up all unique and low milage SSR's, I know of two they are trying to buy right now as I have talked to the current owners. They then tack on 3-5K. They are selling at those prices, they just sold the Silver and black to someone, overpriced in my mind, but hey, good for them, bottom line is they are still bringing good jingle if they are nice. Having said that, it is a scary time right now, things just aren't getting better.
Yes, I have noticed a fairly substantial premium for the 05-06, especially the few with the tremec 6 speed. I also recently discovered that Hyundai dealer who peddles the SSR. Kind of strange bedfellows I would say, the SSR and a Sonata. Oh well. He does seem to favor the higher end SSR's. Me? Strictly 04 with mileage in the high teens to low 20's. That's where the best value for the buck is for me right now.
My SSR: UV SSR My other SS is a 64 Malibu LA built Black Plate Car
Bang for the buck
Most bang for the buck. while gassing up thethe guy at the next pump sez "I hear those are faster than Corvettes" who am I to burst his bubble so I sez back to him most any Corvette except the supercharged ones.
I love my lead sled and the illusions it creates in the minds of the masses.
If you've been listening to conversations regarding the financial markets, the large corporations are hoarding and sitting on cash, waiting to see what the future holds.....the same is true for individuals with disposable income.
The SSR market will rebound when the financial institutions start lending again - individuals will follow suit when they are comfortable with financial markets, and their jobs.
A note about Freeway Hyundai - they make an offer on an SSR for sale, and the seller has the option to accept or reject the offer. They made me an offer on Cowbell /, which I rejected, because I don't NEED to sell the truck.
If the seller accepts the offer, it helps the seller, and the dealer has to ship the truck to their location, clean it up and market it, and cover their overhead.
They're not making huge $$$, but they do well, or they would not target SSR's. Their sale prices for SSR's increase the potential sale value of all of our trucks.
If you've been listening to conversations regarding the financial markets, the large corporations are hoarding and sitting on cash, waiting to see what the future holds.....the same is true for individuals with disposable income.
The SSR market will rebound when the financial institutions start lending again - individuals will follow suit when they are comfortable with financial markets, and their jobs.
A note about Freeway Hyundai - they make an offer on an SSR for sale, and the seller has the option to accept or reject the offer. They made me an offer on Cowbell /, which I rejected, because I don't NEED to sell the truck.
If the seller accepts the offer, it helps the seller, and the dealer has to ship the truck to their location, clean it up and market it, and cover their overhead.
They're not making huge $$$, but they do well, or they would not target SSR's. Their sale prices for SSR's increase the potential sale value of all of our trucks.
My $.02.
I can personally vouch for NF Hyundai and their support of the SSR community.
I know that they spend a significant amount on each SSR they buy to make sure it's ready to sell and the new owners will be happy. Having looked at a number of private sellers, I was more comfortable buying from Paul and Chris. They employ a full-time mechanic to work on the SSR's and make sure they are in good working order.
I was interested in a different one before deciding on the Indy . There was a mechanical issue that was not identified until we arrived from McKinney (4 hours north). They offered to fix it better than new at no cost and deliver the truck to McKinney with no commitment until a satisfactory test drive in McKinney
Ultimately we made the decision based on Auto vs. 6 speed, but I have no doubt they would have kept their word and no regrets with ournpurchase.
By reading your post, you sure got your name right.... I joined in early 2007 and was reading the posts then how things were so baaaaaad for the SSR. I ignored them then and will now as they are silly posts.....really. I call it the "Wall Mart" mentality as one struggles and grasps the fear if I buy now....I might lose some money next month when they are $200 cheaper...
As far as Ebay....I wouldn't sell this truck there. IT"S AN AUCTION SITE!!!! hence the very low rate of sales....cause IT"S AN AUCTION SITE!!!! Good luck on that 04 quest for what??? 15 grand? Meanwhile we will drive by and wave.
My buddy says, everything is actually worth what you can get in cash, in 24 hours. Lot of truth to that, but I don't care because I'm not selling. But if I were buying, I think now's the best time.
I think Doug Allen is spot on with his assessment of Freeway. From everything I've read and heard, they are doing honest business, and a service to the SSR and this forum.
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First of all I wasn’t saying anything bad about NFH, so, sorry if I offended anyone. I’m sure they are a reputable business and all those that bought there seem very pleased, sounds like a ‘Win-Win” to me. I don’t however think they buy your clean rare or low mile SSR at a discount price with the thought of helping you out. They are a business in the business of making money. They buy low and sell high, nothing wrong with that, they have to make a profit. If those owners would have held out and sold their cars themselves, they would have gotten more jingle. I was trying to make 3 points: 1. They are snatching up the low mile good deals, so if you see one you better buy it because if you don’t they will. 2. If you buy from them or any dealer, you will likely pay more, period. I concede there are however advantages to buying from a dealer like less risk than buying as-is, a small warranty (usually 30 days), financing can be arranged by them on site, extended warranty available through them on-site, shipping arranged, etc., but you pay for those things. 3. The prices they are selling them for should make you happy if you own one, they are actually driving the prices up overall in my opinion. I LIKE NORTH FREEWAY HYUNDAI!!! As Forest Gump says “That’s all I have to say about that”
__________________
If you search the world for happiness, you may find it in the end, for the world is round and will lead you back to your door. ~Robert Brault
While shopping for the SSR of my dreams, one of the places I've been perusing is EbayMotors. There are close to 40 for sale there right now. What I have noticed over the past couple of months is the high bids are getting lower and lower. Very few if any sales, with reserves not being met. I may also note, that I do not consider the few "buy it now" prices I've seen to be too much out of line. Many bids do not exceed 17-18K for the 5.3L 03 & 04's.
How much lower can things go? Obviously a buyers market right now and with winter on it's way (sorry) the outlook is grim for sellers IMHO.
Quote:
Originally Posted by xoxoxoBruce
My buddy says, everything is actually worth what you can get in cash, in 24 hours. Lot of truth to that, but I don't care because I'm not selling. But if I were buying, I think now's the best time.
I think Doug Allen is spot on with his assessment of Freeway. From everything I've read and heard, they are doing honest business, and a service to the SSR and this forum.
I think Bruce's buddy, Bruce and Doug are all bang on in their assessment.
I'm unfortunately not in the market to buy right now, but if I was, it would be another Signature, a Pace Truck, or a loaded FPR, probably a red auto/chrome for Iris to drive. If you break down the relative worth of SSRs, the LS2 engine will command a significant premium. The SSR may or may not need the additional power, but having a 400 HP Corvette engine is perceived as better than having a 300 HP 5.3 by many buyers. SSR buyers tend to be gearheads, and you can never have too much horsepower. Yes, you can supercharge a 5.3 and get over 400 HP out of it, but you can also supercharge an LS2 and get to the 500 HP range.
The sellers really getting hurt right now are the ones with very low mileage 03s and 04s who thought they could park them as an investment. Long term, (40 - 50 years) possibly, but vehicles are just not a very good short term investment.
There are about 14000 5.3 autos somewhere out there, 10000 LS2s, 2200 6 speeds, 1155 chrome, 826 FPRs, 532 pac blues, 432 2-tones, 24 Signatures (potentially available for sale) 8 or so Pace trucks. Some have already been destroyed, so those numbers are down from the original totals.
There is already a very significant spread in value within the SSR marketplace, and that spread will continue to increase as the relatively rare trucks come up for sale. Several speculators are finding and keeping the rare ones. Two-tone FPR chrome 6 speeds are the most sought after.
With the added knowledge that NFH is always looking for the good ones, buyers can no longer expect that they can hold out and grind the sellers for a couple thousand dollars. That is very good for the SSR marketplace.
If you find a good one, and the price is fair, git er dun.
One interesting side note. NFH seems to be doing very well with tastefully done custom painted SSRs.
Can't wait for this messed up financial picture to get straightened out. I'm itchin to get back into quest mode.
__________________
Tis better to have loved and lost than never to have loved at all
10567 Slingshot May 04 - March 06
Sig #23 May 07 - Sept 09
24092 Pac Blue Nov 07 - Oct 08
Sig #12 Aug 2008 - Aug 2010
Warning: Listening to the financial media and TV cheerleaders will be dangerous to your financial health.
The "massive" build up in cash by the corporate sector- it turns out the bulk of the cash retention was purely a function of inventory liquidation as presented by the most recent Fed Z.1. data. Further, some of this is due to a contraction in corporate taxes. The inventory liquidation is ending and Obama will deal with the taxes. Plus - all these corporations still have record levels of debt and underfunded pension plans.
The Banks have cash only because FASB changed the accounting rules last year and got rid of "mark-to-market." If they had to value their assets to reality they would all be insolvent.
Individuals have more cash, but they need it to pay off record debt and start saving for retirement.
And the whole "cash on the sidelines" theory - last month's trim tabs data shows that Mutual Funds have the smallest amount of cash positions ever recorded.
As you can tell - I don't buy the mountain of cash theory.
But there are always buyers for toys. Just not as many. Just sold a 2006 Harley for 17K. There are some buyers out there.
Quote:
Originally Posted by Doug Allen
If you've been listening to conversations regarding the financial markets, the large corporations are hoarding and sitting on cash, waiting to see what the future holds.....the same is true for individuals with disposable income.
The SSR market will rebound when the financial institutions start lending again - individuals will follow suit when they are comfortable with financial markets, and their jobs.
A note about Freeway Hyundai - they make an offer on an SSR for sale, and the seller has the option to accept or reject the offer. They made me an offer on Cowbell /, which I rejected, because I don't NEED to sell the truck.
If the seller accepts the offer, it helps the seller, and the dealer has to ship the truck to their location, clean it up and market it, and cover their overhead.
They're not making huge $$$, but they do well, or they would not target SSR's. Their sale prices for SSR's increase the potential sale value of all of our trucks.
I think Bruce's buddy, Bruce and Doug are all bang on in their assessment.
I'm unfortunately not in the market to buy right now, but if I was, it would be another Signature, a Pace Truck, or a loaded FPR, probably a red auto/chrome for Iris to drive. If you break down the relative worth of SSRs, the LS2 engine will command a significant premium. The SSR may or may not need the additional power, but having a 400 HP Corvette engine is perceived as better than having a 300 HP 5.3 by many buyers. SSR buyers tend to be gearheads, and you can never have too much horsepower. Yes, you can supercharge a 5.3 and get over 400 HP out of it, but you can also supercharge an LS2 and get to the 500 HP range.
The sellers really getting hurt right now are the ones with very low mileage 03s and 04s who thought they could park them as an investment. Long term, (40 - 50 years) possibly, but vehicles are just not a very good short term investment.
There are about 14000 5.3 autos somewhere out there, 10000 LS2s, 2200 6 speeds, 1155 chrome, 826 FPRs, 532 pac blues, 432 2-tones, 24 Signatures (potentially available for sale) 8 or so Pace trucks. Some have already been destroyed, so those numbers are down from the original totals.
There is already a very significant spread in value within the SSR marketplace, and that spread will continue to increase as the relatively rare trucks come up for sale. Several speculators are finding and keeping the rare ones. Two-tone FPR chrome 6 speeds are the most sought after.
With the added knowledge that NFH is always looking for the good ones, buyers can no longer expect that they can hold out and grind the sellers for a couple thousand dollars. That is very good for the SSR marketplace.
If you find a good one, and the price is fair, git er dun.
One interesting side note. NFH seems to be doing very well with tastefully done custom painted SSRs.
Can't wait for this messed up financial picture to get straightened out. I'm itchin to get back into quest mode.
By reading your post, you sure got your name right.... I joined in early 2007 and was reading the posts then how things were so baaaaaad for the SSR. I ignored them then and will now as they are silly posts.....really. I call it the "Wall Mart" mentality as one struggles and grasps the fear if I buy now....I might lose some money next month when they are $200 cheaper...
As far as Ebay....I wouldn't sell this truck there. IT"S AN AUCTION SITE!!!! hence the very low rate of sales....cause IT"S AN AUCTION SITE!!!! Good luck on that 04 quest for what??? 15 grand? Meanwhile we will drive by and wave.
Actually, my handle comes from a Rolling Stones song. Nothing to do with my nervous system. Actually, maybe the name of that song fits better, "You can't always get what you want"
I was simply making an observation based on one site and the sales on that site. It's a well known site with over 40 SSR's on it so I thought it may be relevant. My bad if it is not.
Like I said earlier, it appears to be a buyers market right now, especially for the less desired SSR's, if there is such a thing. By that I mean the non LS, Sigs, Final Prod runs, etc. So excuse me if I am trying to get the best deal possible and use the situation to the best of my advantage. After all, isn't that what the free enterprise system is about.
.....and I will wave back
Last edited by MrJitters; 08-12-2010 at 05:23 PM.
Reason: correct spelling
So excuse me if I am trying to get the best deal possible and use the situation to the best of my advantage. After all, isn't that what the free enterprise system is about.
.....and I will wave back
You're absolutely correct to do what you're doing. Just don't agree that it's a depressed market.
As a buyer, you want the lowest price possible, seller wants to go high. The saw-off line will depend on who wants the deal more, and how good the particular vehicle is.
That, in a nutshell, is the free enterprise system.
The wildcard lately has been a dealer willing to raise the buying prices on the good stuff, and prepared to buy a bunch of them.
Price elasticity is a wonderful thing when it works in favor of the majority - those who already own one of our fat fendered friends.
Based on the activity seen at NFH, (If you keep a vigilant eye on their movement, they've sold a fair number) I'd say we're well past the "depressed prices" days for SSRs. They are still used vehicles, so a long ways from original MSRP, but relative to other vehicles of the same vintage, retaining a much better percentage of original price.
__________________
Tis better to have loved and lost than never to have loved at all
10567 Slingshot May 04 - March 06
Sig #23 May 07 - Sept 09
24092 Pac Blue Nov 07 - Oct 08
Sig #12 Aug 2008 - Aug 2010
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) the outlook is grim for sellers IMHO.
SSR DOX DACHSHUND OWNER or is it the other way around??????
He does seem to favor the higher end SSR's. Me? Strictly 04 with mileage in the high teens to low 20's. That's where the best value for the buck is for me right now.
the guy at the next pump sez "I hear those are faster than Corvettes" who am I to burst his bubble so I sez back to him most any Corvette except the supercharged ones.
/
, which I rejected, because I don't NEED to sell the truck.
. There was a mechanical issue that was not identified until we arrived from McKinney (4 hours north). They offered to fix it better than new at no cost and deliver the truck to McKinney with no commitment until a satisfactory test drive in McKinney
Actually, maybe the name of that song fits better, "You can't always get what you want" 
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