i agree, i don't think your too off price. i agree with adding pics, and more info on the car, also take out the hurting for $ stuff. what you've done is get people to wait for your next add with a lower price. think about it, when you hear of a deal from somebody that's hurting, the killer instinct comes in and you offer even less....
edit your ad to be more positive and have more info. on the other hand, e-bay may not be the place right now. there is fewer and fewer $ floating right now...if you pull up collector cars, and pull up ending soonest, you'll see many of these auctions aren't meeting reserve, and a surprising amount aren't even getting bids.
as the economy fleshes out, your going to see more and more deals, i've seen a couple decent malibus go for 8,500 in the last few days, and a b.b. car is going to be a little harder to sell right now. when i hit the pump this a.m. regular was 4.00 and deisel was 4.60, so some of this is finally setting in. guys who were just marginally hanging on to thier hot rods, are going to have them up for sale, and the guys who panic and sell under market will effect those who have a legit price on thier rides. no different than homes. homes in my neighborhood, go for well above 500k, but some ass who could barely get one on a funky loan, just bailed, short selling it for about 400k, this is going to happen with cars also, heck some thread on here has a nice ride with only like 6k miles on it, and it isn't priced in the hemisphere, and he's going to have trouble selling it. it's going to be a patience thing. so either hang on for your price, or dump the price for a quick sale.
do you have a desirable car? yes, is the price right? probably. how many people you know right now that have 20k cash? not many....hang in there, and good luck...