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#4095202 - 02/07/21 02:21 PM Inflated P71 Auction Prices
Tenevic_P71 Offline
Over the Hill

Registered: 08/27/15
Posts: 1142
Loc: US
Don't know what the deal is with these post-covid online police auctions, but some of these closing prices are laughable.
Take a look through these complete govdeals listings for Knoxville, TN PD. Most of the vics are on the 2nd page.
I'm seeing these dirty 100k+ mile patrol cars with incomplete, trashed interiors going for $2500-3K+.
Item F21345 has duct tape holding the trunk lid closed, sold for $2800.

I think the most ridiculous prices are for the cars with mechanical issues or collision damage.
Item #F21191 has a slipping transmission, sold for $1700.
Item F21360 is non-driving and heavily parted out, sold for $1100

Item F21417 is completely totalled in the front end, sold for $1100.

Item F21424 is non-running and disassembled, sold for $1000.
It makes no sense to me. Before covid, knoxville held bi-monthly, in person auctions. Many of these cars would have closed far short of $1000. It seems the lucrative public market for these cars has finally found the public auctions, thanks to covid.
Afraid to say the $600 CVN price is now a distant memory.


Edited by Tenevic_P71 (02/07/21 02:25 PM)
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2006 P71 119k miles, 3.55 traclock

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#4095284 - 02/08/21 12:17 AM Re: Inflated P71 Auction Prices [Re: Tenevic_P71]
Dmblanch Offline
Climber

Registered: 11/13/19
Posts: 640
Loc: Utah
I can confirm that I'm seeing the same thing out here in the West. I patrol all Crown Vic auctions on four websites west of the Front Range and I'm seeing them go up. I used to be able to find good P71's under 100K miles for $2000. A similar worn black and white would be a grand. Now I'm seeing units I don't even like go over $3000 at auction.

I just scanned one site for sold Crown Vics within 800 miles of my house in the last 60 days. 5 sold for more than $3500, another 6 for more than $2000. The top dog was a 2008 Orange County SAP with a crack on the front fascia, 98K miles, only 397 hours, very clean. So a good car, but worth $4600 at auction with another 10% on top of that?

The bottom car I would have considered was a white Kansas 2005 P71 in good shape with 130K miles that sold for $2K at auction. Not bad at all, but two years ago I got the same car in better shape with only 55K miles for that price.

I think the culprit is the internet. Young folks are following the "Best used car buys under $5000" recommendations they find on Youtube. They can't find good camry's or civics, so they turn to the Vic. The last two buyers of my used Vics were girls, aged 18 and 21.

Still, it's possible to find good cars. At Christmas I bought a 2004 p71 SAP with 104K for $2000 and just today I picked up a fine 2004 Sport with 111K for $2500 from the local want ads. Seller didn't know what he had.


Edited by Dmblanch (02/08/21 12:26 AM)
_________________________

1) 2002 White P71 - 89K miles. 2) 2003 B&W P71 - 74K. 3) & 6) & 11) 2005 White P71 - 54K, 74k, 115K. 4) 2011 Black P7B - 79K. 5) 2008 White P71 - 95k. 7) 2004 Silver P71 - 104K. 8) 2004 DT Red LX Sport - 111K. 9) & 10) 2010 White P7B SAP - 104K & 106K. 12) 2006 White P71 - scrapped. 13) 2007 Gray LX Sport - 125k. 14) 2006 White MGM LS Premium - 93k.

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#4095324 - 02/08/21 12:24 PM Re: Inflated P71 Auction Prices [Re: Tenevic_P71]
2007CrownVic Offline
Over the Hill

Registered: 11/19/11
Posts: 3268
Loc: Canada
Prices for nice low mileage ones ones have been going up for a while because people who were buying them new or almost new before are willing to pay up for a good car. But it seems like a lot of flippers are taking advantage of that now too and buying up the junk ones more then ever. Maybe the pandemic is starting to have an effect too with people over bidding on cars they haven't properly looked at yet or people with more time to kill then before.

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#4095326 - 02/08/21 12:42 PM Re: Inflated P71 Auction Prices [Re: Tenevic_P71]
Huhnigan Offline

vonirkinshtine
Over the Hill

Registered: 11/05/05
Posts: 3722
Loc: LKN, NC
I feel like the Panther platform has found new fame across youtube too. Several high-profile car youtubers are singing the praises of the P71 especially for how fun/reliable/mod-able/affordable they are.
_________________________
2004 Crown Victoria LX Sport. 3rd owner (I personally knew both previous owners).

Originally Posted By EMTSteve
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#4095328 - 02/08/21 12:47 PM Re: Inflated P71 Auction Prices [Re: Tenevic_P71]
CrystalPistol Offline
Banned
Over the Hill

Registered: 10/16/01
Posts: 3474
Loc: Shenandoah Valley
It was long due. Market is just adjusting the balance of "supply vs demand". Prices were low when supply was higher, now supply is lower but demand is still up there. One of the draws is a 1998 looks pretty much like a 2012, toughness, ease of repair, comfort, safety ... it's all there.
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#4095354 - 02/08/21 04:00 PM Re: Inflated P71 Auction Prices [Re: Tenevic_P71]
Tenevic_P71 Offline
Over the Hill

Registered: 08/27/15
Posts: 1142
Loc: US
I think you guys are right. The internet is getting young people more into panthers, and now the public listings are more accessible than ever, with tons of people bored online with nothing to do besides bid these cars up. Especially now that the auction supply is getting scarce.
Just makes me wish I bought a stockpile of these cars while the auction prices were low. Flipping a p71 to make a buck was too easy, it couldn't last forever.
Perhaps its time to start buying chargers...they can't touch the reliability and durability of the panther though.


Edited by Tenevic_P71 (02/08/21 04:03 PM)
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2006 P71 119k miles, 3.55 traclock

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#4095402 - 02/08/21 09:19 PM Re: Inflated P71 Auction Prices [Re: Tenevic_P71]
Dmblanch Offline
Climber

Registered: 11/13/19
Posts: 640
Loc: Utah
I would agree with you... except that Chargers are Dodge products. Since I'm always perusing cop Vics at auction, I can't help but see all the Chargers at auction too. They are invariably shot out by 100,000 miles. About half the time these auctions will also post the fleet service records on the cars being sold. You get one for a 100K Vic, there's nothing on it besides oil changes, tires and brake pads. You get one for a Charger and the control arms and tie rods have been changed at least once, maybe twice. Power steering pump probably changed. And if it's a hemi, it's got the lethal hemi tick, meaning cams and lifters shot. Check engine lights are always on.

I'll only buy the V6's, never the hemi and even then I put in far more money in them than I ever have to put in on P71's. Tahoes, Explorerceptors are both much safer bets. But nothing is as bulletproof as the Vic.


Edited by Dmblanch (02/08/21 09:20 PM)
_________________________

1) 2002 White P71 - 89K miles. 2) 2003 B&W P71 - 74K. 3) & 6) & 11) 2005 White P71 - 54K, 74k, 115K. 4) 2011 Black P7B - 79K. 5) 2008 White P71 - 95k. 7) 2004 Silver P71 - 104K. 8) 2004 DT Red LX Sport - 111K. 9) & 10) 2010 White P7B SAP - 104K & 106K. 12) 2006 White P71 - scrapped. 13) 2007 Gray LX Sport - 125k. 14) 2006 White MGM LS Premium - 93k.

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#4095456 - 02/09/21 08:05 AM Re: Inflated P71 Auction Prices [Re: CrystalPistol]
a_d_a_m Offline

3 Orange Whips
Metroplectic

Registered: 10/25/05
Posts: 28116
Loc: Cleveland, OH
Originally Posted By CrystalPistol
It was long due.
On this we agree.


I'm shocked at what prices have done since I bought the 2010 a year ago. If the local listings are any indication, I could almost double what I paid and come up with what is apparently a "reasonable" asking price.
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formerly: '02 MGM, '04 MGM, '04 MGM v2.0, '04 MM, '07 P71 (POTM Feb. '18), '04 CVLX (POTM Jun. '19 and the best car ever), '03 SAP P71

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#4095546 - 02/09/21 03:22 PM Re: Inflated P71 Auction Prices [Re: Tenevic_P71]
Huhnigan Offline

vonirkinshtine
Over the Hill

Registered: 11/05/05
Posts: 3722
Loc: LKN, NC
Another thing I find interesting. There is no price difference between a retired police interceptor and a loaded Grand Marquis of the same year. So I definitely think the craze is centered around the P71. I think across the entire Panther platform the the P71 is fetching top dollar (with the exception of the Marauder obviously). You can get way more car/$$$ if you shop a GMQ or TC. But the P71 is what people are after.
_________________________
2004 Crown Victoria LX Sport. 3rd owner (I personally knew both previous owners).

Originally Posted By EMTSteve
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#4095558 - 02/09/21 05:37 PM Re: Inflated P71 Auction Prices [Re: Huhnigan]
TheNarrator Offline
Member

Registered: 01/20/21
Posts: 298
Loc: SW Florida
Originally Posted By Huhnigan
Another thing I find interesting. There is no price difference between a retired police interceptor and a loaded Grand Marquis of the same year. So I definitely think the craze is centered around the P71. I think across the entire Panther platform the the P71 is fetching top dollar (with the exception of the Marauder obviously). You can get way more car/$$$ if you shop a GMQ or TC. But the P71 is what people are after.

Probably because most people don't know that the GMQ exists and the Crown Vic name is more well known.


Edited by Rainbowpizza (02/09/21 05:37 PM)
Edit Reason: Punctuation
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#4095626 - 02/09/21 08:19 PM Re: Inflated P71 Auction Prices [Re: TheNarrator]
ClayBelt Offline

Over the Hill

Registered: 04/03/18
Posts: 1765
Loc: Leon County
Originally Posted By Rainbowpizza
Originally Posted By Huhnigan
Another thing I find interesting. There is no price difference between a retired police interceptor and a loaded Grand Marquis of the same year. So I definitely think the craze is centered around the P71. I think across the entire Panther platform the the P71 is fetching top dollar (with the exception of the Marauder obviously). You can get way more car/$$$ if you shop a GMQ or TC. But the P71 is what people are after.

Probably because most people don't know that the GMQ exists and the Crown Vic name is more well known.


More likely they’re wacker wannabes
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#4095660 - 02/09/21 10:33 PM Re: Inflated P71 Auction Prices [Re: Tenevic_P71]
Dmblanch Offline
Climber

Registered: 11/13/19
Posts: 640
Loc: Utah
I don't think so. Of the five I've sold, one was to a twenty something working man who thought he was going to make a project car out of it, one was to a college kid whose mom had a MGM and pushed him to get a Vic. He didn't want the push bar, console or the lights it had on it and had me take them off for a lower price. One was to a 45 year old professional father who had heard about their robust reliability. His wife drives it now. The fourth and fifth were sold to 18 and 21 year old college girls. Since I rent my P71's to movie companies while I have them, they often have (or get added) police lights consoles and pushbars. Most of the time my buyers don't care about them and no one wants a Black and White. I have to repaint them.
_________________________

1) 2002 White P71 - 89K miles. 2) 2003 B&W P71 - 74K. 3) & 6) & 11) 2005 White P71 - 54K, 74k, 115K. 4) 2011 Black P7B - 79K. 5) 2008 White P71 - 95k. 7) 2004 Silver P71 - 104K. 8) 2004 DT Red LX Sport - 111K. 9) & 10) 2010 White P7B SAP - 104K & 106K. 12) 2006 White P71 - scrapped. 13) 2007 Gray LX Sport - 125k. 14) 2006 White MGM LS Premium - 93k.

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#4095680 - 02/10/21 01:25 AM Re: Inflated P71 Auction Prices [Re: Dmblanch]
2007CrownVic Offline
Over the Hill

Registered: 11/19/11
Posts: 3268
Loc: Canada
Originally Posted By Dmblanch
I would agree with you... except that Chargers are Dodge products. Since I'm always perusing cop Vics at auction, I can't help but see all the Chargers at auction too. They are invariably shot out by 100,000 miles. About half the time these auctions will also post the fleet service records on the cars being sold. You get one for a 100K Vic, there's nothing on it besides oil changes, tires and brake pads. You get one for a Charger and the control arms and tie rods have been changed at least once, maybe twice. Power steering pump probably changed. And if it's a hemi, it's got the lethal hemi tick, meaning cams and lifters shot. Check engine lights are always on.

I'll only buy the V6's, never the hemi and even then I put in far more money in them than I ever have to put in on P71's. Tahoes, Explorerceptors are both much safer bets. But nothing is as bulletproof as the Vic.


Chargers usually go for pretty high prices at auction. It's the first generation Chargers that had front end problems. They are hit and miss for cam problems just like GMs.
The auctions here there aren't many Chargers but when they are they are usually good. It's the explorers and Taurusceptors that either aren't running right or have rust issues and other problems. But Ford got something right for them because their interiors seem to hold up pretty well compared to Crown Vics. Tahoes usually have a lot of rust problems starting but the previous generation is known for that and those are the ones that are mainly showing up at auctions now.

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#4095682 - 02/10/21 03:20 AM Re: Inflated P71 Auction Prices [Re: TheNarrator]
Ponyguy Offline

Grand Poobah

Registered: 08/07/03
Posts: 12384
Loc: Oswego, IL
Originally Posted By Rainbowpizza
Originally Posted By Huhnigan
Another thing I find interesting. There is no price difference between a retired police interceptor and a loaded Grand Marquis of the same year. So I definitely think the craze is centered around the P71. I think across the entire Panther platform the the P71 is fetching top dollar (with the exception of the Marauder obviously). You can get way more car/$$$ if you shop a GMQ or TC. But the P71 is what people are after.

Probably because most people don't know that the GMQ exists and the Crown Vic name is more well known.

FWIW:
A year ago, I traded my Grand Marquis LS Ultimate Edition with 150k on the odo for my Fusion... the Mercury was on the dealer's lot, and advertised on the internet a week later. It was listed at $3k and it was gone in a few days. It was a decent car, but I had my share of "incidents" with it... what pushed me to unload it was the plenum door hinge problem.
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#4095726 - 02/10/21 08:17 AM Re: Inflated P71 Auction Prices [Re: Tenevic_P71]
66lincoln Offline

Member

Registered: 01/17/06
Posts: 130
Loc: Arizona
I watch my agency's P71s when they go to auction. Auction prices are closing higher. $3,500 seems to be going rate here with some selling at over $5,000 in the last couple of weeks.

While my agency rips out the back seat and crudely removes the graphics, and does a lot of wire chopping (inmates are typically used to decommission the cars), the cars all go to auction in perfect running order with nothing else wrong with them except for needing to have a dead battery replaced.

I've heard through friends that the high auction prices are due to companies that now specialize in P71s for refurbishment and resale to agencies or the public and they need the inventory because demand is still high. That $5,000+ purchase car resulted in it leaving AZ and being picked up by a dealer in CA. I'll assume prices are high here in AZ because all of the P71s are completely rust free; I've seen some pretty rusted out ones for auction in wetter states.

Now, my agency has sent quite a few Chargers to auction in the later half of 2020; every single one was less than half the age of the P71s and every single one had a blown engine. Also, every Explorer Interceptor in the same age group as the Chargers were going to auction because of failure or imminent failure of the timing chain driven internal water pumps. I told my fleet service advisor I'm trying to save my '08 P71 until I retire and his response was that was a smart decision.
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