Doug DeMuro Lists His Own Car For Sale & It's A Doozy!

PLUS: Why The Seller Should Have Sold This 2018 Ford GT Competition

Author

Sam Gold
January 03, 2024

The Daily Vroom


Hey Vroomers, Happy New Year!

Welcome to 2024! We've kicked off a bit more quietly in terms of sales (check out the details below), but judging by the last few months, I'm expecting things to pick up pace soon.

Currently, I'm working on a slightly bigger-than-usual post – a thorough roundup of 2023. I'm doing my best to keep it concise while highlighting the standout performers of the year and those who might need to shift gears for better performance. Keep an eye out for it!

MARKET LEADERBOARD

💰 The figures shared below don’t count any other sales such as car seats, memorabilia etc.. They also cover the whole of the online auction market.

I only include websites that have sold 5+ cars in the chart below. Which means, Hemmings and many others did not sell 5 cars yesterday!

Kicking off the first real day back post-New Year's, and it's been a bit of a slow burn in the sales department. The auction scene's been quieter than usual, racking up a modest $5 million in total sales. Peeking into the future, it looks like the auction sites aren't hitting the ground running with a flood of listings right off the bat. They're gradually ramping up, and I'm betting on seeing some heavier-than-usual sales action starting next week, once everyone shakes off the holiday mode and gets back to business.

YESTERDAY’S TOP 5 SALES

Click on the image to be taken directly to the listing.

The 2018 Ford GT Competition Series Auction: My Take


The 2018 Ford GT Competition Series Auction: My Take

So, about that 1,800-Kilometer 2018 Ford GT Competition Series that hit the auction block yesterday - the one that only got bid up to $851,000 and didn't sell. There was a bit of a buzz, some saying it was a million-dollar car. Well, I've got a different view on this (just my opinion, of course).

Not Quite Million-Dollar Material?

I'm not shocked it didn't hit those sky-high figures. Let's break it down: it's a Canadian-market model, not a low-mileage gem, and it's decked out as a 'competition' car. All these factors, in my mind, play a big part in its value. So, the final bid? Yeah, I'd say it was pretty on point.

The Car's Highlights

But let's give credit where it's due. This Ford GT had some serious kit. The $91k Competition Series Package? That's no joke. We're talking a beefy twin-turbocharged 3.5L EcoBoost V6 and a smooth 7-speed dual-clutch transaxle. The style was there too - Shadow Black with that cool carbon stripe, and Ebony Alcantara for days. And those 20" carbon-fiber wheels with Brembo brakes? Nice.

Those Unique Touches

Then there were the unique bits - like the retrofitted air conditioning and the aftermarket fire-suppression system. These aren't your standard features, and they add a unique twist. Yet, even with these and its hefty original price tag, the auction's outcome spoke volumes about its current market value.

Wrapping It Up

In a nutshell, the market made its call. The car's Canadian roots, its 'competition' branding, and the mileage were key factors in its auction performance. This scenario is a neat snapshot of how the market sizes up modern performance cars, and it aligns pretty well with what I've been thinking about car valuations lately.

How would you value the 1,800-Kilometer 2018 Ford GT Competition Series, considering its last bid was $851,000?

Login or Subscribe to participate in polls.

Doug DeMuro's Unvarnished Truth

Here's a quick rundown on Doug DeMuro's own 1998 Mercedes-Benz A140, currently up for auction. This isn't your typical celeb-owned car scenario. Remember the Rod Stewart F40 that fetched over $3m last year? Well, celeb cars usually don't exceed the expected price for a regular owner. But what's interesting here (hint it's not the car itself) is Doug's brutal honesty about it. He's selling it on his platform, Cars & Bids, with no reserve.

Doug's Straight Talk

Doug's not mincing words about this car. He admits, "I can't say I particularly enjoyed the A140, as it's pretty dull and uninspiring." He's also upfront about its limitations, saying, "It cannot be registered in California without considerable time and expense, and I don't suggest attempting it."

The Car's Condition

The A140 also has its issues, which Doug lays out clearly. There's some corrosion underneath, a loose plastic panel in the cargo area (fixable with glue), and well, it's a Mercedes A-Class. Not exactly the pinnacle of excitement!

Highlights

This A140 is a European-spec hatchback, now titled in Massachusetts. It's powered by a 1.4-liter inline-4 engine, with 80 horsepower and 96 lb-ft of torque. The car has standard features like 15-inch wheels, stability control, and air conditioning. It's a small, quirky hatchback that offered a spacious interior and was popular overseas.

My Take

It's refreshing to see such honesty in a car listing, especially from someone like Doug. While the A140 might not be the most exciting car out there, (which is me being polite) its no-reserve auction and Doug's transparent approach make this an interesting one to watch. Let's see where the bids go!

1991 Lamborghini LM002: A Collector's Gem

The sale yesterday of the 22-Years-Owned 1991 Lamborghini LM002 at $325,000 is a topic worth talking about. Here's my take: Any serious Lamborghini collector needs one of these in their garage. Why? It's a massive attention grabber, a blast to drive, and the design is simply stunning. Plus, being one of only 300 ever made? That's special.

A Great Deal for the Buyer

Despite fetching the highest price for an LM002 in online auctions, I reckon the buyer scored a great deal. The LM002 isn't just a car; it's a statement. Its rarity and unique character make it a prized possession for any enthusiast.

Seller's Presentation Could Have Upped the Price

The seller, I think, could have presented it a bit better. A more polished presentation might have pushed the price even higher. But hey, the car still did pretty well for itself.

The LM002's Unforgettable Charm

Let's talk about the car itself. This LM002, with just around 15k miles on the clock, came with a roaring 5.2L 48-Valve V12 engine and a five-speed manual transmission. It's a blend of rugged truck and 4x4 capabilities with the heart of a sports car. Finished in white with red leather upholstery, this beast stands out. It's got that unmistakable Lamborghini flair – aggressive, bold, and luxurious.

The Nostalgic Wish: A Modern Remake

I can't help but wish Lamborghini would remake the LM002. Imagine a modern version with today's tech and design sensibilities! It would be hugely in demand, tapping into both nostalgia and the current craze for high-performance SUVs.

In Conclusion

So, to wrap it up: the 1991 Lamborghini LM002 is a rare breed, a vehicle that brings together performance, style, and exclusivity and a huge smile on anyone’s face that see’s it!!

Auctions To Keep Your Eyes On

Stop wasting time bouncing around a gazillion auction sites! Let 'The Daily Vroom' be your one-stop source for the coolest auctions of the week. And guess what's topping my list today? None other than the Carrera GT – an absolute legend and a personal favorite of mine!

Reply

or to participate.