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The Supercar Registry (https://www.yenko.net/forum/index.php)
-   Supercar/Musclecar Discussion (https://www.yenko.net/forum/forumdisplay.php?f=79)
-   -   Musclecar prices and the possible recession (https://www.yenko.net/forum/showthread.php?t=159921)

EZ Nova 03-11-2020 11:31 AM

Quote:

Originally Posted by the427king (Post 1487912)
I sure wouldnt want to have to fly or be in large groups of people right now. Fortunately I dont have to do either . I have family members in New Rochelle and that area is said to be the biggest cluster of cases currently in the US.

Well, I'm going to be at Buffalo airport Saturday to fly down to visit my mom in Phoenix. Hoping we will be fine.........

Tenney 03-11-2020 12:08 PM

https://www.youtube.com/watch?v=E3URhJx0NSw

Zedder 03-11-2020 12:25 PM

Back to the car price question...I suspect the aging population will have more to do with prices softening over the next few years than anything else. It seems that more cars are popping up for sale lately, but very few appear to be changing hands. The same ads are run over and over again. It would be interesting to know what the distribution of ages are on sites like this. I'm 57 and suspect that the median age might even be north of that. If so, another 5 years will have a dramatic impact on the hobby.

Steve Shauger 03-11-2020 01:22 PM

Quote:

Originally Posted by Zedder (Post 1487940)
Back to the car price question...I suspect the aging population will have more to do with prices softening over the next few years than anything else. It seems that more cars are popping up for sale lately, but very few appear to be changing hands. The same ads are run over and over again. It would be interesting to know what the distribution of ages are on sites like this. I'm 57 and suspect that the median age might even be north of that. If so, another 5 years will have a dramatic impact on the hobby.


Mark, if your buying look at it as an opportunity. Investing no so much... however just like water front property, ultra rare and iconic cars are virtually inelastic and will always be valuable.

Zedder 03-11-2020 01:33 PM

I agree with you Steve. I've never looked at old cars and bikes as investments, but I have always thought that they would hold most of their value over my ownership. I suspect that will still be the case, or they might drop 10-20% - which isn't a big deal in the overall scheme of things. The low Canadian dollar affects my purchase timing more than anything else. Almost a $1.40 Cdn today to buy a US buck...makes shopping in the US pretty difficult!

Mr70 03-11-2020 01:41 PM

And now for something completely different.
~Toilet paper maker Marutomi Paper Manufacturing which holds 10% of the Japanese market for toilet paper,saw orders jump tenfold from normal levels on Thursday and Friday.The company usually sells around 1,600 packs of toilet paper at most per day.But it received over 40,000 online orders over the two-day period.
https://asia.nikkei.com/Spotlight/Co...aper-in-Japan2

Lee Stewart 03-11-2020 02:07 PM

Here's why people are panic buying and stockpiling toilet paper to cope with coronavirus fears

https://www.msn.com/en-us/money/mark...rs/ar-BB112sCl

Vern B 03-11-2020 02:17 PM

Quote:

Originally Posted by Tenney (Post 1487938)


Everyone should watch this, pretty sobering.

Lee Stewart 03-11-2020 02:23 PM

New York officials traced more than 50 coronavirus cases back to one attorney

https://www.msn.com/en-us/news/us/ne...cid=spartandhp

fiveforty 03-11-2020 02:44 PM

Quote:

Originally Posted by Zedder (Post 1487940)
Back to the car price question...I suspect the aging population will have more to do with prices softening over the next few years than anything else. It seems that more cars are popping up for sale lately, but very few appear to be changing hands. The same ads are run over and over again. It would be interesting to know what the distribution of ages are on sites like this. I'm 57 and suspect that the median age might even be north of that. If so, another 5 years will have a dramatic impact on the hobby.

I am 60 yrs old. Last year bought a 72 RS Z28 from a guy a little older than me who had it for 19 years. Sold it to a guy who was older than me. he just sold it to a guy who was 66 yrs old. Was kind of disapointed in the responses I had for a car that only had 2500 made.

markinnaples 03-11-2020 02:54 PM

Want to keep a close eye on CV? Here is something a colleague who works for our IT Department sent me:

This page is put together by a 17 year old tech wizard. It is updated each minute. It is the best information that I have found about the beer virus’ infection numbers.

https://ncov2019.live/

Computer whiz Avi Schiffmann, 17, spends much of his time these days constantly updating and improving the website, which automatically scrapes data from reliable sources from all over the world. The site, which originally updated every 10 minutes, now updates every minute to provide the latest statistics on the number of confirmed cases, serious cases, deaths, and recovered — both worldwide and in each country — in real time. The site also hosts an interactive Google map, a Twitter feed, travel advisories, information on the disease and its prevention, as well as tips for preparing for quarantine situations.

“I started working on this project at Christmastime, when there were fewer than 1,000 confirmed cases — all in mainland China,” said Schiffmann, a high school junior. “It was hard to get clear, concise, and accurate information on what was going on, and I wanted to do something to fix this.”

Lee Stewart 03-11-2020 04:22 PM

https://i.postimg.cc/TPBqxpD9/screenshot-7688.png

Tenney 03-11-2020 04:25 PM

Quote:

Originally Posted by Lee Stewart (Post 1487608)
As far as muscle car prices . . . if things remain the same . . . what if they held an auction and no one showed up?

Today fear is running rampart. People are afraid to put themselves in large crowds. And that is exactly what an auction is.

Mecum's Glendale AZ auction starts two days from now. Let's see what happens.

https://www.hagerty.com/articles-vid...wsletter_NewDD

Lee Stewart 03-11-2020 04:28 PM

The New York Auto Show Has Been Pushed Back to August Amid Coronavirus Concerns

markinnaples 03-11-2020 04:30 PM

Another friend just sent these sites along as well:

https://coronavirus.jhu.edu

https://www.hopkins-cepar.org

Late BrakeU2 03-11-2020 04:34 PM

Quote:

Originally Posted by Tenney (Post 1487938)

Joe is my next door neighbor, cool cat. Not an alarmist, but you can already see it digging in to most folks mindset. Traffic is holiday light, but it ain't a holiday. Like stated the auctions will be a tell to an extent.. but think folks that are after a car will just pony up the extra 2% for phone bids and send a guinea pig..i mean an inspector to check out a car in person.

ZiggyL78 03-11-2020 09:16 PM

Quote:

Originally Posted by Lee Stewart (Post 1487622)
Health officials are recommending that you wash your hands for 30 seconds with soap and water. And wash them frequently.

You should only use hand sanitizer only if you do not have access to soap and water.

Avoid buffet lunch and dinner restaurants also.

And no threesomes till things cool down ;)

the427king 03-11-2020 10:04 PM

Ncaa basketball tournament to be played with no spectators

Lynn 03-12-2020 01:04 AM

Quote:

Originally Posted by ZiggyL78 (Post 1488034)
And no threesomes till things cool down ;)

Sherri doesn't have to worry about me requesting a threesome. I feel bad enough disappointing one woman.

ZiggyL78 03-12-2020 05:38 AM

Quote:

Originally Posted by Lynn (Post 1488071)
Sherri doesn't have to worry about me requesting a threesome. I feel bad enough disappointing one woman.

LOL.Now that's funny!!

iluv69s 03-12-2020 10:02 AM

If I remember correctly, at times when the market dropped in the past, , folks invested more in old cars...which made the price increase. ��

69LM1 03-12-2020 02:36 PM

This time is different, at least for precious metals. Silver and Gold had a small run up, and now a drop. Wonder why.

/R

Mr70 03-12-2020 02:45 PM

..and what good are low gas prices,when there's nowhere to go. :(

Zedder 03-12-2020 02:57 PM

Quote:

Originally Posted by iluv69s (Post 1488099)
If I remember correctly, at times when the market dropped in the past, , folks invested more in old cars...which made the price increase. ��

That was 10 - 12 years ago. The "market" has a lot more grey hair now and much more at stake if the "investments" don't pan out and end up costing them more of their retirement funds when they cash out.

Lee Stewart 03-12-2020 05:04 PM

What the coronavirus outbreak means for the collector car market

https://www.hagerty.com/articles-vid...tor-car-market

ZiggyL78 03-12-2020 06:21 PM

Quote:

Originally Posted by Zedder (Post 1488123)
That was 10 - 12 years ago. The "market" has a lot more grey hair now and much more at stake if the "investments" don't pan out and end up costing them more of their retirement funds when they cash out.

Absolutely. In the past if you paid too much for a car then it was only a matter of time before it became a good deal. The only exception would be real high end cars like COPO,Yenko,L88 Vettes and Hemi cars. They seem to hold their value,no matter what.

Mr70 03-12-2020 07:23 PM

1 Attachment(s)
.

Lee Stewart 03-12-2020 09:10 PM

https://i.postimg.cc/pX03szGm/3078-coronavirus.jpg

Lee Stewart 03-12-2020 09:11 PM

https://i.postimg.cc/s2W8f8VW/3-5e68dc6772c1e-700.jpg

Lee Stewart 03-12-2020 09:12 PM

https://i.postimg.cc/zBjxVY4y/corona...ca-696x365.jpg

Lee Stewart 03-12-2020 09:18 PM

https://i.postimg.cc/PrLMkDfp/screenshot-7689.png

the427king 03-12-2020 10:12 PM

Pic

the427king 03-12-2020 11:18 PM

1 Attachment(s)
actual flight pic from London to Milan

Mr70 03-12-2020 11:29 PM

They just cancelled the entire NCAA Tournament,Men & Women.https://www.cbssports.com/general/ne...training/live/

PeteLeathersac 03-12-2020 11:56 PM

'

Public Schools closing for three weeks here in Ontario Canada.
First week is regular March Holidays + two weeks added for C-19 concerns?:hmmm:
:dunno:
~ Pete

.

the427king 03-13-2020 12:53 AM

Sold more parts today than I have in a few years in one given day ...maybe people are staying home and working on thier cars .

Lynn 03-13-2020 01:18 AM

Quote:

Originally Posted by markinnaples (Post 1487964)
Want to keep a close eye on CV? Here is something a colleague who works for our IT Department sent me:

This page is put together by a 17 year old tech wizard. It is updated each minute. It is the best information that I have found about the beer virus’ infection numbers.

https://ncov2019.live/

Computer whiz Avi Schiffmann, 17, spends much of his time these days constantly updating and improving the website, which automatically scrapes data from reliable sources from all over the world. The site, which originally updated every 10 minutes, now updates every minute to provide the latest statistics on the number of confirmed cases, serious cases, deaths, and recovered — both worldwide and in each country — in real time. The site also hosts an interactive Google map, a Twitter feed, travel advisories, information on the disease and its prevention, as well as tips for preparing for quarantine situations.

“I started working on this project at Christmastime, when there were fewer than 1,000 confirmed cases — all in mainland China,” said Schiffmann, a high school junior. “It was hard to get clear, concise, and accurate information on what was going on, and I wanted to do something to fix this.”

I don't think this is getting updated hourly any longer. It still shows Oklahoma with 1 case, and there are three confirmed.

I realize we want to take some precautions. Many of the actions in Oklahoma seem a bit extreme considering there are only 3 cases among the almost 4 million residents here. One is an airman that spent time in Seatle last week; one recently visited Italy. Don't know about the third one. Colleges and schools are shutting down. OU and OSU start spring break, and are telling students that all their classes for the two weeks after spring break will be on line.

Zedder 03-13-2020 01:26 AM

Lynn, the reason that they are moving towards mitigation efforts is because there are many more actual infections than what is being tested and reported. We had 17 new cases in Ontario today...almost half were from travel to the US.

They are closing schools because they believe that many children who are infected exhibit no symptoms, but are spreading the virus. Add to that their poor hygiene habits and cramped quarters and you can spread a virus very quickly! We have about 170 employees in our company. We had 2 employees contacted today telling them that family members had possibly been exposed.

This is a better tracking site from John Hopkins...

https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6

Billohio 03-13-2020 02:04 AM

Grocery stores in central ohio are low on food. I saw pictures of meat shelves empty and no carts avaliable. I believe there are 4 cases in Ohio now.

Lee Stewart 03-13-2020 04:42 AM

NASCAR to race at Atlanta, Homestead without fans

https://www.msn.com/en-us/sports/mot...cid=spartandhp


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