It may seem hard to believe now, but there was a time – not too long ago – when the Ford GT wasn’t hugely popular or valuable. Rather, one could easily go out and purchase a new or used example of the first-generation Ford GT, specifically, for sticker price or even less. That’s no longer the case, of course, as the second-generation model could only be purchased by folks who were approved to do so, and values of both have since risen to new lofty heights – and the market is showing no signs of slowing down, either.
In this recent video from VINwiki, we hear from Ford GT market expert Vance Stepp, who points out that finding a low-mileage example of the first-generation model is relatively easy to do – though it’s not a cheap vehicle to procure. This is especially true of the rarer Heritage Editions, which are selling for huge money these days and are more difficult to track down, to boot. Amazingly, those that ponied up the $13,000 for that option now have a car that’s worth $200,000 more than folks who didn’t, in fact.
There are some other rarer features one can search for that won’t add that type of premium, such as the stripe delete, which few opted for, followed by exterior colors like Speed Yellow and Midnight Blue, as well as Tungsten and Quicksilver, which were one-year-only offerings. Since these GTs came with few options from the factory – only four, in fact – cars that are equipped with all of them also sell for a premium.
What makes all of this even more interesting is the fact that Blue Oval CEO Jim Farley recently discussed the fact that these earlier Ford GT models simply didn’t sell well early on, meaning that most of us are kicking ourselves for not buying one a few years ago. That’s obviously no longer the case, as the GT has remained one of the top-grossing models on collector car auction sites for the past couple of years now.
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