Who Feels the Sky will be worth something down the road?

[FareedZahid]

Originally Posted by NYRhockey23

I hope GM doesnt mass produce the Skys the way Honda mass produces the Civic, or we'll be screwed.

word...

[migg750]

Originally Posted by NYRhockey23

I dont know what the price of a Sky will be in 25yrs, and frankly, i dont care to look that far ahead. However, with only 10,000 units a year, the Sky isn't a common car, and i expect it to hold its value fairly well, especially the RL. I hope GM doesnt mass produce the Skys the way Honda mass produces the Civic, or we'll be screwed.

Just yesterday, i went to NYC, then back to CT then up to Hartford and back to my town and i saw more people wearing Red Sox hats in NYC than Sky's (4 Sox hats, 0 Skys).

SHUT UR MOUTH!!! Thats because all of us sky owners and Yankee fans were relaxing and stayin away from the cold Weather!! There are about 10 Sky owners in the NYC metro area about another ten more at least if you include the nearby Long island and NJ areas. I would say that is rare!

[R Sky Rox]

Originally Posted by Rick Tinley Park

By the way -- there is a choice -- you can enjoy it and preserve it. An original, well-maintained car is far more valuable than a restored/rebuilt. However, some of the finest originals are well driven - and thoroughly enjoyed even today. I saw an early Edsel, original, with nearly 1MILLION miles on it. It was one of 4 top priced cars in its line.
So I plan to take care of Sunni1 and still enjoy it - but with a goal of passing it on to a collector when I am ready to sell (or pass it on to one of my kids or grand kids with keeping it stock in mind.). . .

I agree!

[05redline]

Does anyone here honestly know for a fact how many Red Line Skys are going to be produced a year?

[HappyAmI]

Originally Posted by 05redline

Does anyone here honestly know for a fact how many Red Line Skys are going to be produced a year?

I was told 10,000 Skys for 2007, 4500 of which are Red Lines. Beyond that???????????????

[BlueSkyRL]

Originally Posted by HappyAmI

I was told 10,000 Skys for 2007, 4500 of which are Red Lines. Beyond that???????????????

Close. 10,000 SKYs and of them will be 4,000 RLs. That number was before the 5 week shut down of the RLs, so I am assuming the number of RLs will end up being less than the original 4,000. We will all know in July 07 for sure. I drive my car for the enjoyment, and not the possible monetary icrease in 25-35 years. Besides if you would take the 30,000 spent on a RL and invest it for that time, you would have something over 1,000,000 dollars...I doubt our cars would be with any where near that. No flamming please.

[HappyAmI]

Originally Posted by BlueSkyRL

Close. 10,000 SKYs and of them will be 4,000 RLs. That number was before the 5 week shut down of the RLs, so I am assuming the number of RLs will end up being less than the original 4,000. We will all know in July 07 for sure. I drive my car for the enjoyment, and not the possible monetary icrease in 25-35 years. Besides if you would take the 30,000 spent on a RL and invest it for that time, you would have something over 1,000,000 dollars...I doubt our cars would be with any where near that. No flamming please.

I stand corrected!

[xmicro_Redline]

Originally Posted by Rick Tinley Park

You can't even guess at the value of a car 10-15-25- years down the road by looking at the trade-in value now. Face it the first 3 years the Vette came out - they thought they might have to scrap the whole idea.... Now some of those early, under-powered, poorly engineered laughable "American Sports cars" are the most sought after.
I agree it is the early VINS the ones without the door locks and powered seat adjusters that might attract the collector’s later (way later). However, the trade value of a car at the end of one year won't tell you if it will be worth anything later.
By the way -- there is a choice -- you can enjoy it and preserve it. An original, well-maintained car is far more valuable than a restored/rebuilt. However, some of the finest originals are well driven - and thoroughly enjoyed even today. I saw an early Edsel, original, with nearly 1MILLION miles on it. It was one of 4 top priced cars in its line.
So I plan to take care of Sunni1 and still enjoy it - but with a goal of passing it on to a collector when I am ready to sell (or pass it on to one of my kids or grand kids with keeping it stock in mind.). . .

WELL SAID AND I AGREE WHOLE HEARTLY!!!!

[xmicro_Redline]

Originally Posted by Rick Tinley Park

You can't even guess at the value of a car 10-15-25- years down the road by looking at the trade-in value now. Face it the first 3 years the Vette came out - they thought they might have to scrap the whole idea.... Now some of those early, under-powered, poorly engineered laughable "American Sports cars" are the most sought after.
I agree it is the early VINS the ones without the door locks and powered seat adjusters that might attract the collector’s later (way later). However, the trade value of a car at the end of one year won't tell you if it will be worth anything later.
By the way -- there is a choice -- you can enjoy it and preserve it. An original, well-maintained car is far more valuable than a restored/rebuilt. However, some of the finest originals are well driven - and thoroughly enjoyed even today. I saw an early Edsel, original, with nearly 1MILLION miles on it. It was one of 4 top priced cars in its line.
So I plan to take care of Sunni1 and still enjoy it - but with a goal of passing it on to a collector when I am ready to sell (or pass it on to one of my kids or grand kids with keeping it stock in mind.). . .

Originally Posted by BlueSkyRL

Close. 10,000 SKYs and of them will be 4,000 RLs. That number was before the 5 week shut down of the RLs, so I am assuming the number of RLs will end up being less than the original 4,000. We will all know in July 07 for sure. I drive my car for the enjoyment, and not the possible monetary icrease in 25-35 years. Besides if you would take the 30,000 spent on a RL and invest it for that time, you would have something over 1,000,000 dollars...I doubt our cars would be with any where near that. No flamming please.

When I called the Saturn Manufacturers number the person I spoke to was a Sky Rep. They said they will be building 15,000 sky's and of that 15,000 only 3000 are Redlines. They also said the main reason for this was the new Hydroform tecknology they are using to form the panels now. They are redoing the assembly lines to work with the newly formed panels and that will not be done for 1 and 1/2 years. So the 2007 and 2008 Sky's are being partially hand assembled. Below is a link that describes a little about it.

http://fyi.gmblogs.com/2006/06/how_t...ice_and_s.html

[05redline]

So anywhere from 3,000 to 4,500 a year? That's a whole lot more than I expected. I never would have though that more Sky Red Lines were being produced a year than Ion Red Lines.

[xmicro_Redline]

Originally Posted by 05redline

So anywhere from 3,000 to 4,500 a year? That's a whole lot more than I expected. I never would have though that more Sky Red Lines were being produced a year than Ion Red Lines.

The demand is not there for the Ion like the Sky. As good of a car and a value it may be, It's all about the Mistique. Some of those old Vette's were way underpowered and not great cars at all. It's the Vette Mistque, and appeal, that the Sky has that makes that number low. Also, like I stated in the beginning, by the time 15 years goes by there will only be 500 to 1000 left. That number only means something if this car stays as special to people as I feel it will.

[akinmb]

Originally Posted by xmicro_Redline

Hey AkinMB,

When was the Production stoppage you spoke about? I only found this forum in December so I am a little behind the times.

There was about a 3 week production stopage on the Redlines back in September or October... anyone know exactly when?

[JohnD]

Originally Posted by akinmb

There was about a 3 week production stopage on the Redlines back in September or October... anyone know exactly when?

Last three weeks of September - right when SPIRIT was supposed to be built. I had a TPW of September 9th, got kicked back to 3000 on September 7th, and SPIRIT was actually built on October 3rd.

[James L. Lee]

With the production numbers of the SKY and the Solstice it will not appreciate in value. It may become a collector's item in 25-30 years. The only cars that appreciate in value are those of limited production...Lambos, Ferraris, Aston Martins, the BMW Z8,etc...and people usually don't buy those for an investment but drive them and enjoy them...so enjoy your SKY RL keep it in good condition and pass it on to the children or grandchildren to enjoy as well...maybe then it might be worth what you paid for it...

An example: Through 1955-1957 BMW made a roadster called the 507...a limited production that sold for the outrageous price of $8,000.00...Elvis Presley had one when he was in the army and stationed in Germany. Today, a 507 is worth $350,000.00...it is rare because it was of limited production...less than 3,000 in the world in 1955-1957.

The SKY or the Solstice will never be in the rare category...so enjoy it for what it is...

[xmicro_Redline]

Originally Posted by James L. Lee

With the production numbers of the SKY and the Solstice it will not appreciate in value. It may become a collector's item in 25-30 years. The only cars that appreciate in value are those of limited production...Lambos, Ferraris, Aston Martins, the BMW Z8,etc...and people usually don't buy those for an investment but drive them and enjoy them...so enjoy your SKY RL keep it in good condition and pass it on to the children or grandchildren to enjoy as well...maybe then it might be worth what you paid for it...

An example: Through 1955-1957 BMW made a roadster called the 507...a limited production that sold for the outrageous price of $8,000.00...Elvis Presley had one when he was in the army and stationed in Germany. Today, a 507 is worth $350,000.00...it is rare because it was of limited production...less than 3,000 in the world in 1955-1957.

The SKY or the Solstice will never be in the rare category...so enjoy it for what it is...

I was told by a Sky Rep at the production facility the the SKY Redline IS A LIMITED Production Vehicle for 07 and 08. 3000 is not exactly mass production. He also said they are being partially hand built due to hydroformed panel. Read my post above. Also a car does not have to be a foreign car to be worth something. An old Camaro, Corvette, or Mustang in original form is a good example and at the exact same level as this car. The Camaro and Mustang are even slightly below this level in comparison when they were first released in the 60's.

[Robotbike]

Originally Posted by James L. Lee

Close but not really true...my limited edition BMW Z8 has already gained in value and will continure to...kids will reap the consequences....BMW made the 507 in '55-'57...original cost $8K...now worth a minimum of $300,000...so some cars are really a good investment....have no idea about the Sky...buying it for pure fun...

If you had invested $8000 in the market in 1957 it would now be worth $407,000. In general cars are not a good investment, the vast majority depreciate. Those that do appeciate tend to do so at a rate of return less than the market. If you want an investment, invest in the market. If you want a car, buy a car.

[Ernest]

Originally Posted by BlueSkyRL

Close. 10,000 SKYs and of them will be 4,000 RLs. That number was before the 5 week shut down of the RLs, so I am assuming the number of RLs will end up being less than the original 4,000. We will all know in July 07 for sure. I drive my car for the enjoyment, and not the possible monetary icrease in 25-35 years. Besides if you would take the 30,000 spent on a RL and invest it for that time, you would have something over 1,000,000 dollars...I doubt our cars would be with any where near that. No flamming please.

Since this build year is an extended one, I believe this years SKY & R/L production numbers will be more than 10K, after all they were building them in Jan '06, an extra 6 mos, all 2007's of course I think the 60/40 build ratio is correct, but given the late ramp up and production hold might have decreased total number of R/L's produced for this build year. My opinion, not fact!

[JRinKY]

Robotbike : If you had invested $8000 in the market in 1957 it would now be worth $407,000. In general cars are not a good investment, the vast majority depreciate. Those that do appeciate tend to do so at a rate of return less than the market. If you want an investment, invest in the market. If you want a car, buy a car.

In general you are absolutely correct. It is the exceptions that keep people hoping: Less than $6000 in 1965 would buy a Shelby Mustang, which today is selling for upwards of $400,000. Its like playing the lottery, everyone ignores the millions of losers, and only thinks about the winners.

[Ernest]

Popularity+Uniqueness x Amount produced = Appreciation/Collectability. I just made that up