He Paid $234K For This New Demon 170, Market Adjusted It Down To Reality

13-mile Dodge Challenger sold for $138,888 on Bring a Trailer after a two-year layup

                                        https://www.carscoops.com/author/chris-chilton-cc/                                    

by Chris Chilton

9 minutes ago

 He Paid $234K For This New Demon 170, Market Adjusted It Down To Reality

  • Another Dodge Last Call speculator has been stung by crashing values.
  • The one-owner Octane Red Challenger SRT Demon 170 sold for $139k.
  • Its MSRP was $134k but the original dealer added a $100k markup.

Plenty of collector car buyers have been stung by price drops in the classic market, but not many will have taken a beating as big as owners looking to offload mothballed Demon 170s. This week we saw another one change hands, and for a whopping $100k less than it cost the original buyer two years ago.

The Challenger SRT Demon 170 was the crowning glory of Dodge’s celebratory send-off of its Hemi and Hellcat V8s, and the Charger and Challengers that put them to such good use. Its alcohol-injected 6.2-liter mill cranked out 1,025 hp (1,039 PS) and 945 lb-ft (1,280 Nm) of torque, enabling it to reach 60 mph in 2.3 seconds and devour a quarter mile (400 m) in less than 10.

Related: A V8 Dodge Charger Could Be Closer Than You Think

It wasn’t cheap by Challenger standards, but even at an MSRP of $96,666, it represented a huge amount of performance per dollar, and more importantly it looked like a bona-fide collectible piece of muscle history that could turn a profit. Judging by the number of almost zero-miles cars that have passed through Bring a Trailer it’s clear that the second scenario was a big draw to many buyers.

However, it didn’t pan out. Other than a few buyers who managed to pass their cars on early when the Last Call movement was still buzzing, the only people who appear to have made real money on the 3,300 examples of the 170 built, are the Dodge dealers who originally sold them. Larry Miller Dodge of Peoria, AZ, slapped an outrageous $100k markup on the Octane Red Challenger you see here.

BaT

But two years on the market has corrected the price so far down that this one – number 1,836 – sold for $138,888, only $5k north of its original with-options MSRP. Factory additions to its already big spec include a power sunroof (expensive at $9,995) and a satin black hood graphic that cost $1,995.

The values of these cars has been falling for a long time now, and with Dodge currently strongly hinting that it’s working to slot the Hellcat V8 into the new Charger, it’ll be years before they ever recover.

BaT

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