Even if you could afford a Ford GT back in 2017, it was nearly impossible to get chosen by Ford for the right to buy one. Ford implemented a rigorous selection process to ensure that only the most dedicated enthusiasts and brand loyalists could purchase the car. This exclusivity was part of Ford’s strategy to maintain the GT’s elite status and prevent it from becoming just another collectible to be flipped for profit. Ford took great issue with those who broke the 2-year waiting period and tried to flip their Ford GT for a profit. Just ask John Cena, Ford definitely saw him trying to sell that car.
The Exclusivity and Legal Ramifications
The exclusivity of the Ford GT was not just a marketing gimmick; it was a legal commitment. Buyers had to sign contracts agreeing not to sell the car for at least two years. This clause was strictly enforced, as evidenced by the high-profile case involving John Cena. Cena, a well-known celebrity and car enthusiast, attempted to sell his Ford GT shortly after purchasing it, leading to a lawsuit from Ford. The case was eventually settled out of court, but it served as a stern warning to other owners about the seriousness of the no-flip clause.
Current Market Trends and Future Prospects
Buyers of the 2017 Ford GT models early in the production run are now eligible to sell their cars. There are a number of them turning up on websites for sale entirely legally. This has created a buzz in the automotive community, as these cars are now available to a broader audience, albeit at a premium price.
It looks like the sellers are going to turn a tidy profit on the car as the normal asking price seems to be between $1 and $2 million. This is a significant markup from the original price, which was around $450,000. The high resale value can be attributed to several factors, including the car’s limited production run, its advanced engineering, and its status as a modern classic. Ford reportedly made only 128 GTs for the 2017 model year; we will have to see how many of those owners try and sell.
The Ford GT is not just a car; it’s a piece of automotive history. Its design is a tribute to the original GT40, which famously won the 24 Hours of Le Mans four times in a row from 1966 to 1969. The modern GT incorporates cutting-edge technology, including a carbon fiber body, a 647-horsepower twin-turbo V6 engine, and active aerodynamics. These features make it a highly desirable vehicle for collectors and performance enthusiasts alike.
As more 2017 Ford GTs enter the secondary market, it will be interesting to see how their values fluctuate. While the current asking prices are high, the car’s value could continue to appreciate, especially if Ford decides not to produce another model with similar exclusivity and performance. On the other hand, if too many cars flood the market, prices could stabilize or even decrease.
The Ford GT remains a highly sought-after vehicle, both for its performance capabilities and its historical significance. The initial exclusivity and legal restrictions have only added to its allure, making it a prized possession for those lucky enough to own one. As these cars become available for resale, they offer a unique opportunity for new buyers to own a piece of automotive excellence, albeit at a premium price. Whether you’re a collector, a performance enthusiast, or simply an admirer of fine engineering, the Ford GT is a car that commands attention and respect.
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