Filed under: Convertibles, Coupes, Sports/GTs, Ford, ROUSH, Special/Limited Editions
ROUSH and Ford sued for making too many Blackjack Mustangs
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ROUSH announced the Stage3 Blackjack Mustang back in 2006, and in 2007 said it would make 100 of them. New Yorker Drew Conner bought Blackjack number two, spending almost $59,000 for his slice of limited edition Mustang pie. Only the glossy black 'Stang wasn't so limited after all: according to a lawsuit Connor filed in New York, Ford and ROUSH made another 100 Blackjacks in 2008.
Both Ford and ROUSH are named in the suit, and Connor has been joined by "at least 100" other Blackjack buyers. The plaintiffs' complaint is, of course, that the Blackjack's "value from scarcity and as collectors' items were and are dramatically less than the buyers had been led to believe their value would be."
But to make everything all better, the plaintiffs are asking for class action status, a jury trial, and... ahem... more than $12 million. That sounds like a lot, but say there were just 100 plaintiffs, that would be $120,000 per person, and would get them their money back plus a 100-percent premium for being misled... which might sound more reasonable. Or not. For the moment, both Ford and ROUSH have no comment on the litigation. Thanks for the tip, iOrange!
UPDATE: One point of clarification that's been bothering us is why Ford has been included in this lawsuit. All it did was build the Mustangs then sold them to ROUSH, which developed, manufactured and distributed the run of limited-edition Blackjack Mustangs.
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Reader Comments (Page 1 of 4)
Torrent 11:30AM (8/05/2008)
lol
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phooky 11:38AM (8/05/2008)
agreed
srivendel 11:34AM (8/05/2008)
How stupid do you have to be to buy a Roush Mustang and expect it to increase in value? Further proof that you can sue somebody for any made-up reason you want.
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old blighty 4:10PM (8/05/2008)
no kidding.
These premade "collector's items" won't appreciate at all.
How many zillion "collector" mustang variations are there?
pure greed
1337 12:07PM (8/05/2008)
+1 Anyone stupid enough to pay $59k for this deserves to take a pretty big depreciation hit.
carsteve 12:26PM (8/05/2008)
That's not what the suit is based upon.
Allan 11:35AM (8/05/2008)
Guess they'll just have to try to buy the next super limited edition of awesome Mustang greatness.
It should be out next week.
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2007RC46SP2 11:55AM (8/05/2008)
remember their released every tuesday, just like new music CD's
2007RC46SP2 4:31PM (8/06/2008)
Saleen Sterling Version
http://wardsauto.com/testdrive/saleen_sterling_mustang/
Brad 11:36AM (8/05/2008)
lol indeed.
There are so many mustang variants that I just don't care anymore. Here's a new mustang with different mirrors! Let's sell it as a limited edition for $12k more!
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Vintage 11:36AM (8/05/2008)
Mustangs are not rare. It doesn't matter if they have special stickers. This lawsuit= fail. Buying a mustang for its rarity is like buying an H2 for its gas mileage.
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Avinash machado 11:38AM (8/05/2008)
It is foolish to buy cars as investment.
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AngeloD 11:52AM (8/05/2008)
""It is foolish to buy cars as investment""
Not with the price of 1960's muscle cars approaching 7 figures at auction.
Zane 12:26PM (8/05/2008)
You don't know a lot about cars, do you?
Gavin S. 12:42PM (8/05/2008)
You're right. To the jokers that cite 60s muscle cars as a reason to invest in cars, how many Hemi Cudas do they have stashed in their garages?
AngeloD 12:57PM (8/05/2008)
""You're right. To the jokers that cite 60s muscle cars as a reason to invest in cars, how many Hemi Cudas do they have stashed in their garages?""
Well, considering that I was 2 years old when the hemi-Barracuda was last produced, you'll have to excuse me for not buying up a bunch and stashing them in my garage.
And, are you denying that these types of cars go for hundreds of thousands of dollars at auction? Or are you saying that they must be a bad investment because nobody here owns one?
Either way, you make no sense at all.
jv2k 1:06PM (8/05/2008)
The Roush Mustangs are very different from the original 1960s mustangs. One model is a classic, and the other is a crappy modded version of the normal mustang released in limited numbers so people think it'll become a classic.
This lawsuit is fail and the people are just mad because they were stupid enough to fall for such a gimmick.
BigMcLargeHuge 1:19PM (8/05/2008)
Well, he's right depending on the car.
There is only 1 classic breed of muscle car. No other muscle car will ever have the same value.
The reason they have value is that THOSE cars signified an era in car history. These don't.
These new Mustangs are just a retro-styled new car. They're not anything we haven't seen before. The only reason people want retro is because they remind them of the ACTUAL classics.
If you are thinking of investing in a future classic, it has to be something different, and it must signify an era in automotive history.
Corey W. 2:18PM (8/05/2008)
Just because a car is a special edition or limited run or even considered a classic doesn't mean you're going to get big bucks for it. There's a lot of different variables that are taking into account when a value is determined. But just looking at it from a purely financial investment, no it's not a good investment.
Gavin S. 5:41PM (8/05/2008)
Angelo, the point is that nobody knew which cars were going to increase in value. If you're so smart why don't you pick yourself a winner from this era and see what you get for it down the road?