Looking at used car pricing, we're living in some really wacky times, Spies. Simply put, certain particular vehicles are working by the simple principles of supply and demand, while others are moving by seemingly a force that cannot be explained.
Well, that's a bit of hyperbole.
For certain make and model vehicles, there's no question that there's a certain "X" factor driving pricing. It's somewhere at the intersection of rarity, purity, how analog a car is, mileage and condition.
Take, for example, cars like the Ferrari 360 Challenge Stradale, Porsche 911 GT3 RS and the Honda S2000 that sold recently. Certain vehicles are commanding stellar values in this seller's market.
Is a 2011 BMW 1M worth upwards of $80,000? I don't think so as I'd rather have a second hand Porsche 911 Carrera 2 S at that price point; however, if someone pays it...
That said, one has to stop and look around a bit and ask the obvious question: Is the used car market experiencing a "bubble," or is this the start of something BIGGER?
IF we're in a bubble, when do YOU anticipate it will break?