BangShift has learned that the factory perfect 1979 Pontiac Trans Am which was auctioned at Kitterman Motors yesterday, sold for the large sum of $85,000. It is our opinion that with a sales price that high, the car is going to be kept in the current state that it is in (perhaps the interior will get touched up) and not hacked up into a Pro Touring or drag racing specific car. If it is, the person who bought it has gigantic bucks to throw around and little regard for the backlash that is sure to follow.
Here’s video of the auction!
There was a Superbird a while back that was also never sold by the dealer. Part of the appeal is that it was never sold, and now that someone bought it I’m guessing it must now be titled, and no longer a “never sold” car.
Perhaps so Rusty, but now the car has “history”. I don’t think it will be less valuable because it was bought.
Reportedly, the MSRP for the ’79 Trans Am was $10,619.55. That equates to $32,600 in puny 2011 dollars. (Presumably, dealer cost was substantially less)
So by resisting the urges to “burn tire’ or sell it for 32 years, the owners got back around a 250 percent return on investment (before taxes, of course). That’s about 7.5 percent per year.
Too bad that the dealer probably can’t claim the “holdback” from GM on this sale, or the profit would be even greater.
Kind of creepy to keep a car that long w/o driving it. Its like Roy Rogers keeping Trigger, stuffed in the living room. It’s just not right.
How many miles was on this? I know of one 1977 Pontiac Formula Firebird that has 39000 miles on it, original, first year of T tops.
Comparatively, 39K miles is nothing to this one: 6.7 miles. Took a drive down the road when it first got to the dealership — that’s it, that’s all.