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I can’t believe the last 93 red RT/10 went for such a lofty price. Much more than I sold my RT/10 for and it did not look like it was in very good condition. Incredible and hope the buyer doesn’t get buyers remorse.
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As an owner, people always expect you to claim your special car is going up in value, but I think this is just the beginning of the rising Viper sales (and I know people expect me to say it just because I own one). If you look back at cars historically, most cars that are worth a fortune now were not wanted or forgotten about for a period of time. There’s stores of people buying Ferrari 250 GTO’s for super cheap (I’ve heard as low as $2,500 back in the day) and they are worth over $40,000,000 – $60,000,000 now. The McLaren F1 was ~$1,000,000 when new and some could be had for sub $1M and were not the easiest sell, but they are $15,000,000-$20,000,000 today. There are many more (Porsche Carrera GT, Ferrari F40/F50, Lamborghini Miura/Countach, 05/06 Ford GT, etc). Additionally, most of the cars I mentioned were, at the time when they came out, “poster cars”. They were the dreams of many but reality of few. Another recent trend in the collector car world is “driver’s cars”. Cars that are old school, fun to drive, and not replicable today.
Now let’s look at the Viper. Production is no longer, so there will only be less and less as time goes on & people are starting to realize it. Viper’s have had their “bargain days” where they were affordable. Values are much higher in just the last year alone. The Viper was poster car to many and also provided a raw experience catered to driving rather than comfort and ease of use. This meets the recipe for appreciation and I believe the values will reflect it. Most Vipers will never go to insane levels because realistically there are a lot out there compared to many other low production cars (~1,270 Carrera GT’s, 349 F50’s, 106 F1’s etc) but I think they will go up.
This is just my opinion and I could be wrong. But I do believe they will keep going up. Looking at BaT certainly back that up as well.
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Breck’s opinion matches mine to nearly 100%.
Also, as neat as an EV is for driving short distances on a daily basis – not to mention the mind boggling acceleration on some models – for me, they can never match the feeling of a fun to drive car; whether it be something like a Viper, old school or “new school” muscle cars or just a hot hatch with some sound to it. The old days are gone, and something like the Viper in it’s most recent form will probably never see the light of day in the future again. And if, it will most porbably be electrified, partially or entirely. All this just adds to the “value” of special older cars. Sure, a Viper will never be priced anything even close to the before mentioned supercars (CGT, F40, …), but it also doesn’t need to be.
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As happy as I am for all of those that predicted this latest value trend and for those that feel that they have made such a good investment in buying a Viper. I myself feel kind of sad that with prices at the point they have reached now. I have been priced out of the market of ever being able to buy another Viper. The two that I own at the moment. One with over 55,000 miles and the other getting very close to that same number. In my opinion will only be used cars. High end used cars but used cars never the less. For someone like myself that actually drives my cars this whole value up swing just means I will have to up my insurance coverage and that means more expense of ownership.
I would like to point out that we are pretty much heading into a period of hyperinflation. Just look at the price of lumber for instance or how about the real-estate market. Everything is going up. So I believe it would take a pretty narrow mind for one to think that all of a sudden the general public woke up one morning and decided that Vipers are the next Ford GT and had to go out and buy one at any cost. Just saying.
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Since there has been a great deal of back and forth on the VOA Forum as well as social media concerning Viper prices and values, I thought I would post this bit of data to add to the discourse.
2020
44 Vipers offered for sale
33 Vipers SOLD or 75%2021
42 Vipers offered for sale (3 currently, 39 closed auctions)
37 Vipers Sold or 95%On pace to offer 100 Vipers or 127% increase.
As for average sale price, my ADD kicked in…..
Let the discussions rage 😉
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