We first heard earlier this year on MF that the GP values may be on the way up. While we have yet to see hard evidence of that first hand, prices seem to be holding rather well according to the New York Times:
>In two years, the GP Kit, according to my friend, had become a collectorâ€™s item. â€œPeople bought them and stored them in their garage,â€ he said.
>Really? An instant collectible? I brought this up to Vincent Kung, a Mini product spokesman, who wrote back, â€œThe GP, yes, has been selling for more than sticker. I saw a used former press car for sale at a local dealer at $36,000.â€
>Press cars, for the uninitiated, are new models that carmakers loan to journalists, typically a week at a time, for review purposes, at which time theyâ€™re used and abused. A former press car selling for $3,000 over original sticker is either optimistic or highway robbery.
>Or could it be fair value for a GP Kit? I had to see for myself. After spending too long on eBay, Craigslist and AutoTrader, I didnâ€™t find any cars in the $40,000 range, but I did find three for around $30,000.
+ Miniâ€™s Instant Collectible / NY Times