Redbook uses their algorithms which supposedly incorporate recent sales data, sales volume and historical depreciation rates to forward forecast a wholesale, dealer and private price range. Problem is, now that Holden is effectively going by the way of the dodo, such historical depreciation rates may prove to be ineffective. This fact alone could result in higher or lower actual sales prices that Redbook predicts. How quickly Redbook takes such a significant marker change into account is anyone’s guess, as is knowing whether prices will be impacted (up or down).
Also, asking price =/ selling price and sadly carsales doesn’t make sales history available online. As such, those big ticket asks are just outliers and will never be realised in today’s market.
As to why there are so many motorsports for sale, with such vastly varying prices, its probably just a characteristic of why people bought them in the first place. Reasons for buying probably vary from “I wanted the last of a nice V8 sedan” to “It’s a great short term investment and I’ll be able to flip and make a killing” and everything in between.
Those who look at them as a “nice V8 sedan” wouldn’t mind the supposed heaven depreciation if indeed they sell as Redbook implies, they’d be buying a bargain and laughing. Sadly on the flip side, those that thought they could buy and flip a year or two down the track and retire with their windfall would now be crying. Like all investments, their choice is simple, sell and take a loss or hold and hope their initial decisions to buy were based on good rational.
For me, it’s all irrelevant as I bought with no intent to sell. Just wanted a V8 to drive and enjoy. At the time i was Loki g to buy, if only Holden dealers weren’t playing bullshite games they were, it would have been a nicer experience. So, I’ll always remember them for the duchebags they were.
Enjoy family and your cars over the festive season and be safe on the roads