I just saw a '98 355 go for $161k on BAT (Link). What in the world drove this valuation? I'll admit I'm not up to date on the 355 market, but I thought this was way off. I love the 355, and this is a beautiful car, but didn't expect this price point. What am I missing? Just curious.
There are several threads on this one. You may just scroll a bit and you'll see people discussing it at length.
161K for a challenge car for sure. Im not sure what would bring a GTS to this price, but good for the seller! We are seeing a real estate boom right now in my area, and houses are selling for crazy numbers due to lack of inventory. I have not seen many 355's for sale as of late so maybe the same principle is in play here.
A few things possibly at play here. Car demand buying has surged. Car inventory in general remains low. Low interest rates. Lots of cash on the sidelines. Asset prices starting to move up. I’ve been telling people here since late April... “go out and buy the car you want because car sales are going though the roof.” Many had doubts at the time, but car buying continues to stay strong.
Carvana stock soared 30% today on news of record breaking Q3 results from selling used cars. They are scrambling to find cars to buy as inventory is depleting FAST. It’s a whole new world gentlemen.
It's more than the market dynamics though. It would take a large offer for me to be able to part with my 355 because what else can replace it? There is nothing new or old that provides the same experience, if there is I'm open to suggestions because I thought a lot about this. I've had a lot of cars, and driven a lot of others - the only thing that comes close to giving me a 355 experience is my motorcycle.
