Biggest Suckers On Bring A Trailer

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Back in the good old days, Bring A Trailer was a mailing list of cool project cars for sale. Then it became an auction site for cool and unique vehicles, and then one Prime Minister auction site with only the best, handpicked listings. Now it seems to be entering a new phase of its life: A site where you can sell new cars you just bought for a huge profit. Welcome to Suckers Slides. Let’s see who overpaid this week.

1988 Volkswagen Jetta GLI 16V – $29,001

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NADA Value: $4,475

These classic GLIs are more interesting than their book values ​​would suggest. Those perfectly boxy bodies, high-revving four cylinders and timeless mesh wheels make for a combination that’s hard to turn down. At least that would be, at a reasonable price.

For starters, this doesn’t appear to be a pristine GLI. Despite the accident-free history report, the car’s hood definitely doesn’t match the front fenders, and the door hinges are a dark brown rust. For this much money, for a Volkswagen this old, it should at least be clean.

1992 Nissan Sentra SE-R – $33,500

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Kelley Blue Book Value: $2,566

This Sentra SE-R was sold for over thirteen times book value. Yes, that explains the low mileage. I guess clean, affordable enthusiast cars are dead, and everything costs thirty thousand dollars now. I’m going to throw myself into the sea.

1979 Ford Bronco – $37,000

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Hagerty value: I am afraid to tell Hagerty about this vehicle for fear that The Powers That Be will have me murdered for invading their minds. I am but a humble messenger, yet I fear.

I enjoy Taco Bell as much as the next guy. Sometimes all you want in a meal is to have a bunch of vaguely Mexican-inspired, completely unrelated foods mixed together into one sickly, delicious Doritos Locos Cheesy Gordita Quesarito. Unfortunately, the time-honored culinary art of getting unreasonably stoned and thinking up new food combinations works a little less well on cars.

This poor classic Bronco appears to have its exterior slathered in aftermarket Jeep parts while its interior has the dashboard layout of a Mini and the comforts of a boat. The random assortment of hardware that holds the fenders together will haunt me in my dreams, but still, someone paid nearly forty grand for the privilege of owning the worst panel assembly in the off-road world.

1960 Fiat 600 Multipla – $52,250

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Hagerty Value: $46,900 for a 1961 model in Concours condition, Hagerty oddly omits 1960 for Multipla

The classic Fiat Multipla is really one friend shaped car. Just imagine this little guy rolling along, dutifully shuttling people around like an episode from an Italian spinoff of Old enough. I will protect it, I want to see it grow up healthy and I will tell my friends and neighbors about it, but I will not pay $52,250 for it.

After all, this Multipla is a novelty. It’s far less likely to be used as a daily driver than to be kept in a garage, occasionally taken out for a car show or detailing session. This poor friend, trapped alone inside because it’s too expensive to actually risk using. Free him.

1991 Saab 900 SPG – $57,000

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NADA Value: $12,550

A Saab 900 Turbo, more precisely the convertible, has long been on my list of dream cars to own. This 900 SPGcomplete with tri-spoke wheels, is an even better street performer — but if it sets the pace for performance at the auction, I don’t know if my wallet will keep up a few Saab.

Rising prices often lift all boats on auction sites, because of the concept of price anchoring. People browsing BaT see a 900 SPG selling for $57,000, and suddenly the price is fixed in their head. By that measure, a base 900 Turbo for $35,000 is a downright one steal – although it is still too expensive.

2007 GMC Sierra 2500HD SLE Crew Cab Duramax 4×4 – $67,000

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NADA Value: $23,650

What a twist. Instead of a late 90’s to early Ford diesel truck, today we have one from GM. Instead of a standard Sierra, this 2500 HD appears to be a classic model, meaning it’s the same GMT800 truck that was introduced back in 1998 and sold 24 years later for $67,000. I wish I was joking.

Red 2500 pickups from the 90s appeal to me, I really do. But finding one that was outdated when it was built, and paying new truck money for it so many years later, is a buying process I cannot fathom. You can’t use it for Truck Stuff, because you’ll tank the value, but its value is entirely based on its theoretical ability to make Truck Stuff. It is so joke gun in Little Tina’s wonderlandmade real.

2001 Chevrolet Corvette Convertible 1953-2003 Commemorative Edition – $97,000

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Hagerty Value: These Commemorative Edition Corvettes do not appear to have their own book values

I take back everything bad I ever said about the Catfish Camaro. This unofficial anniversary edition Corvette borrows the car’s unloved grille, but gives it bright chrome braces as part of a total retro design. It’s like one mirror universe Mitsuokathe evil twin of the modern retro automaker.

Wealth in the United States is overwhelmingly concentrated in the hands of Baby Boomersbut they don’t have to spend it on this. For $97,000 they could get anything else. Some other thing. Also several other things. It is almost impossible to do worse than this Corvette.

2022 GMC Hummer EV Pickup Edition 1 – $275,000

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MSRP: $110,295

Wouldn’t it be nice to buy a car only to immediately sell it for over double what you paid? This Hummer salesman lived the dream and bought one absolute base-spec Edition 1 Hummer EV and get enough net profit from the deal to pay for another.

My own thoughts on the Hummer EV aside, this deal seems like a bad investment for the buyer. Demand for this truck is high, sure, but it won’t exactly replace the Camry as everyone’s daily driver. Supply will continue to rise when demand stagnates or declines. At the end of the day, they will be left with an electric truck that is worthy something, but not at all what they paid.

1994 Porsche 911 Turbo 3.6 – $470,000

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Hagerty value: $405,000 in Concours condition

This 1994 911 Turbo is undoubtedly the Peak Porsche. It was the last gasp of the classic 964 chassis, the best it ever performed before it was usurped by the 993 body. It’s painted Guards Red, the classic Porsche color, and its immaculate condition means the turbocharged engine can still make every one of its original 335 horsepower. But, just like Multipla, god help you if you experience any of its driving dynamics.

This Porsche has a hardwired battery connection, intended to keep it drivable while sitting for extended periods. It was bought by a previous owner just to sit, and now it was bought by another to do the same. It is now art, indeed wonderful art, but it can no longer functionally be called one car.

2021 Ferrari SF90 Stradale – $772,000

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MSRP: $584,798, now starting at $625,000

Once again, we have new cars selling for more on Bring A Trailer than they cost at the dealership. With this Ferrari, but there’s an extra level of sneakiness on tap. Since new Ferrari purchases are so limited, the brand expects hopeful buyers to already own previous models from Maranello. Paying the above sticker for a used car can be only way to get into the company’s good graces, only to buy a future car at MSRP.

This is probably not intention when it put a late model Ferrari up for auction, but whoever paid nearly $200,000 over the sticker for this car is now a Ferrari owner in the company’s eyes. They now get a level of acceptance from the brand, and may like to buy future models. Was it worth the cost?

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