2008 CJ sold for 50k

[Bruce Noland]

Originally Posted by Greg Hill

I'm watching the Mecum auction and a 2008 CJ Mustang just sold for 50 k. Guess those folks who bought them for an investment struck out.

This is just the most recent known sale of a CJ. The prices for these new cars have been dropping like a stone and they could certainly go lower. The new cars will probably drop to about 50% of their purchase price before hitting bottom. Sounds unthinkable, but that could eaisly happen if these rich folks stop buying them or decide to dump their "stock" and chase some other fad.