Dodge Demon 170 Owner Declines $160K Offer and Feels Regret | Carscoops

      Consider this a wake-up call for owners of the Demon 170 who believe their car holds double its MSRP.

      22 hours ago

      by Stephen Rivers

      An SRT Demon 170 owner rejected a $159,366 bid at auction last year.

      This time, the same vehicle was sold for only $130,125, highlighting a decrease in its value.

      This sale serves as evidence that certain cars, including the Demon 170, are losing their collectible status.

      Collectors often feel compelled to treat their cars like treasured possessions, stashing them away in hopes of making significant profits in the future or simply protecting their valuable investments from daily wear and tear. Many owners drive their prized vehicles very little.

      In some cases, this strategy pays off. However, in this instance, it clearly did not. One owner recently witnessed their Dodge Challenger Demon 170 drop at least $29,241 in value within a year.

      In a related note: Forget about supercars; this Corvette is eyeing hypercars.

      Technically, this was a private sale, so it’s unknown what the original owner paid for the vehicle. It’s likely they faced a significant markup to purchase it new, as some dealers were requesting double the MSRP or even more.

      Regardless of the price the seller paid, it is evident they lost a substantial amount of money since this same Demon was offered in May of 2024 but did not sell despite a high bid of $159,366. The MSRP for this particular model is $121,343. Yet, the high bid was insufficient, leading the owner to hold onto it for another year.

      A New Sale, A New Loss

      The car has now sold for “only” $130,125. The seller didn’t actually enjoy the car during that period, either; it only has nine miles on the odometer, just one more than a year ago. The seller might regret that their dealer priced it too high to afford when it was new. This sentiment was echoed by one commenter who stated,

      “The Dodge dealers in my area did me a favor by not wanting to sell me a Demon 170 for the $50,000 over window sticker I offered when they first launched,” showing that it saved them money in terms of value.

      There’s no denying that the Demon 170 is an extraordinary vehicle. With a 1,025 horsepower (764 kW) engine and drag-strip capabilities, it stands out as quite rare in the realm of production cars. Its ability to sell at prices over MSRP for a time attests to that.

      However, it’s evident from this and other recent sales that it may not be the ultimate collectible. An examination of Demon sales data on Bring A Trailer reveals a clear decline since mid-2022.

      A Lesson in Timing

      Many commenters in the initial auction appeared to have anticipated the outcome. “Should have taken the money…,” remarked one. “You won’t see a number that high for this car again anytime soon,” stated another. They were undoubtedly correct, and now the seller is $29,241 (perhaps even more) poorer than they could have been.

      So, what’s the takeaway? If you’re considering purchasing a collectible car with the intent of seeing it appreciate over time, it might be wise to hold off on the celebratory toast for now. A year later, you might find yourself facing a loss, just like this Demon 170 owner.

      Credit: Bring A Trailer