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- 🚀 Kick off Your Weekend with a Fun Project Car, F-150 Insights, and Much More
🚀 Kick off Your Weekend with a Fun Project Car, F-150 Insights, and Much More
🗣️💭 PLUS: My Friday rant & Celebrating Our Favorite All-Rounder Truck.
Sam Gold
June 02, 2023
The Daily Vroom
Happy Friday Vroomers
I’m asked all the time to put some project cars out here. So first off today is the finest and maybe the most fun project car I’ve seen in a while & in my view the the price is great value.🛠️🚗💰
With so many car auction sites popping up, people often ask me who's going to take the lead. Most people think BaT is here to stay, I don’t disagree! But who will be joining them?
The real long-term winners will be the ones that value trust, transparency, and a few other crucial factors. I've got some thoughts on who's getting it right (and wrong), so get ready for a little Friday venting session below. 🗣️💭
I'm also taking a closer look today at May’s sales of the beloved F-150. I mean, what's not to love about this vehicle? The rich history, amazing performance, sleek design, and its versatility make it a real stand-out in the crowd. 🚚💖
And since the weekend is nearly here, I've got some interesting reads for you in our Vroomy Reads section. Just some fun stuff to dive into over the weekend. 📚👀
Enjoy your weekend! And please give us a follow us on Twitter. I'll be highlighting some of the top sales, exciting auctions, and much more. See you there! 🎉🐦
Sam Gold
PROJECT SALE OF THE DAY
🚗 1971 Porsche 911T Coupe Project Car
Sold at PCarMarket for $31,250. A superb opportunity for restoration, this car has been refinished in a unique yellow color with a contrasting green stripe.
🔧 Mechanical Details:
The car is powered by a 2.2-liter flat-six engine and has a 5-speed manual transmission. The suspension has been lowered for a more aggressive stance.
🎨 Exterior:
The exterior boasts 15” ATS “cookie cutter” wheels wrapped in older Yokohama tires. The finish shows several imperfections due to age and suspected track use.
🪑 Interior:
The interior comes with black leatherette door panels and dashboard, along with red aftermarket Corbeau bucket seats. Some carpet pieces are missing and the dashboard shows some cracking.
📝 Seller's Notes:
The seller suggests it as an ideal candidate for total restoration or use as a daily driver, making a very cool rat rod or hot rod with strong mechanicals but rough paint.
🧐 My Opinion:
Given that this Porsche 911T is a project car, it requires significant investment in terms of restoration if the buyer wants to go down that route. The price tag of $31,250 may seem high for a project car, but considering it's a classic 1971 Porsche 911T, the value is inherent in the car's pedigree and potential. I’ve actually seen similar project cars go for a lot more.
The cost of full restoration needs to be considered, but once restored, these models can be highly valuable, circa anything from $80,000-$200,000 dependent on how it’s restored. Therefore, in the right hands, this could be seen as a good investment.
FRIDAY RANT
🔥 Trust & Transparency In The Industry
As someone who values honesty and fairness, I believe in providing an unbiased perspective. My ultimate aim is to foster success for everyone involved in the online market.
That being said, I do have a strong opinion on why transparency is of paramount importance in the car-selling realm, considering the less-than-perfect reputation some dealerships have earned for their lack of complete truthfulness. With the advent of online auctions and the inability to physically inspect vehicles, platforms have sought innovative ways to assure potential buyers that what they bid on is exactly as described.
Various approaches have emerged, such as showcasing CARFAX reports, or utilizing knowledgeable community members as gatekeepers, like BaT does. While their expertise is invaluable, it's worth acknowledging that unnecessary remarks from uninvolved individuals can sometimes arise. Nevertheless, the collective knowledge within the community enhances buyer confidence and augments the transparency already demonstrated by the multitude of cars sold on these platforms each week.
Instead of delving into the merits and drawbacks of each platform (which I'll cover in a more detailed post), most strive to offer some level of transparency. Car & Classic and Clasiq have long provided inspection reports and escrow services, while Cars & Bids recently introduced inspection reports and a nifty shipping widget to enhance trust and transparency.
Nearly every site displays both sold and unsold cars, a crucial trust feature for buyers. However, there is one exception: Collecting Cars. They exclusively showcase sold cars, no unsold cars and they remove bidding and comments from the sold listings.
To be frank, this leaves me with a sense of unease. Why aren't they sharing this information? Are they concealing something? Do they prefer not to reveal their sell-through rate? I'm not suggesting that they should conform to industry norms—I genuinely appreciate platforms that dare to be different. However, when it comes to transparency and trust, it remains perplexing why Collecting Cars deviates from the standard set by others in the industry 🤷🏻♂️
What do you think? Should Collecting Cars show us sold/unsold cars with comments and bidding history? |
While I have your attention, let's address another concern I have regarding auction sites: the absence of contact information. Collecting Cars, for instance, only offers a form to fill out with no provided email or phone number. Cars & Bids does have an email and live chat option for sellers, but no phone contact. As for BaT, I'm not sure if they have any contact information as I can’t find it!
I understand the potential risks associated with displaying phone numbers, but why not implement a live chat widget that could largely be automated? This would offer an additional layer of transparency that could truly impact a sale.
RANT OVER 😀
FORD F-150 MAY SALES
🚀 Get ready for a roundup of some impressive Ford F-150 sales from online auctions in May! The F-150 has long been a favorite among truck enthusiasts, known for its power, durability, and versatility. Let's dive into the top 20 sales, highlighting the remarkable prices and models that caught everyone's attention:
🌟 1st Generation (1975-1979):
Average Price: $14,500
Summary: The first generation F-150 established its presence with the iconic Ranger XLT. With a strong and rugged design, these classics continue to captivate enthusiasts, combining vintage charm with timeless appeal.
⚡️ 2nd Generation (1980-1986):
Average Price: NO SALES
Summary: The second generation brought advancements in style and performance. From the legendary SVT Lightning to versatile configurations, these F-150s exemplify power and versatility.
💪 3rd Generation (1987-1991):
Average Price: NO SALES
Summary: Third-generation F-150s showcased a bolder design and improved aerodynamics. With enhanced features and capabilities, they remain popular choices for both work and play.
🏋️♂️ 4th Generation (1992-1996):
Average Price: $20,500
Summary: The fourth generation F-150s marked a shift towards more modern styling and improved handling. These trucks boast a blend of ruggedness, comfort, and performance.
🌪️ 5th Generation (1997-2003):
Average Price: $23,641
Summary: With its distinctive "New Edge" design, the fifth-generation F-150 introduced a range of innovative features and engine options. Known for their reliability and versatility, these trucks continue to turn heads.
⚡️ 6th Generation (2004-2008):
Average Price: NO SALES
Summary: The sixth-generation F-150s combined bold styling with advanced technology and improved performance. From the powerful SVT Lightning to the versatile Supercrew, these trucks offer a winning combination.
🌩️ 7th Generation (2009-2014):
Average Price: NO SALES
Summary: The seventh generation F-150s emphasized fuel efficiency and introduced a range of advanced features. With improved towing capacity and enhanced comfort, they remain popular among truck enthusiasts.
🌾 8th Generation (2015-2020):
Average Price: $58,575
Summary: The eighth-generation F-150s embraced lightweight aluminum construction, resulting in improved performance and fuel efficiency. Innovative features and modern styling make these trucks stand out.
🌟 9th Generation (2021-present):
Average Price: $101,000
Summary: The latest generation F-150s combine cutting-edge technology, impressive towing capabilities, and refined interiors. From hybrid powertrains to advanced safety features, these trucks set a new standard.
🏁 The Ford F-150's evolution across generations showcases continuous innovation and excellence. With each iteration, the F-150 has pushed boundaries and delivered unrivalled performance. Stay tuned for more exciting updates on this legendary truck next month! 🚀
VROOMY READS
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