Re: Yenko Nova
 

People paying high prices for these cars are buying them because they want them...B/J is only an outlet for that. Circus and all. Prices don't equate to what happens there. Very low production and rare muscle is always going to be expensive until guys my age retire and move to Florida. That won't be for a while ! Middle of the road cars is where people are paying too much...by people trying to tap in on the B/J hype.

Re: Yenko Nova
 

[ QUOTE ]
People paying high prices for these cars are buying them because they want them...B/J is only an outlet for that. Circus and all. Prices don't equate to what happens there. Very low production and rare muscle is always going to be expensive until guys my age retire and move to Florida. That won't be for a while ! Middle of the road cars is where people are paying too much...by people trying to tap in on the B/J hype.

[/ QUOTE ]

I see more people around here interested in muscle or be it a early car with mags and some other touches of any sort..due to ?? who knows...but they are grabbing up middle of the road drivers fast and playing with them...then the old supply and demand thing kicks in..if its fairly clean with minimal rust they sell fast...and it looks like that trend online as well... https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

I have non car people that know I love cars mention BJ more and more in conversations at kid functions etc...the money has gotten a lot of people excited one way or another..or at least asking whats going on...and maybe that old heap there husband has buried in the garage since they were married may be something after all... https://www.yenko.net/ubbthreads/imag...ns/naughty.gif

Re: Yenko Nova
 

My 91 year old grandmother,who doesn't even know what day it is says:
"That Barrett Jackson boy is doing alright for himself."

Re: Yenko Nova
 

[ QUOTE ]
People paying high prices for these cars are buying them because they want them...B/J is only an outlet for that. Circus and all. Prices don't equate to what happens there. Very low production and rare muscle is always going to be expensive until guys my age retire and move to Florida. That won't be for a while ! Middle of the road cars is where people are paying too much...by people trying to tap in on the B/J hype.

[/ QUOTE ]

Exactamundo!

Re: Yenko Nova
 

I agree with ya Bob. The expensive rare cars are dragging up the prices of the average stuff, those cars will take the hit first, if ever IMO.

Prices of EVERYTHING is wild. A patient just bought a second house on the beach in Southern California for 2 mill, bulldozed the old house, and is rebuilding a new house on the lot!!! Just like the nice rare cars, they aint making beaches anymore!! People will pay top dollar for the GOOD stuff, IMO.https://www.yenko.net/ubbthreads/imag...mlins/flag.gif

Re: Yenko Nova
 

That's exactly my point- the middle of the road drivers are coming back strong. They have been dead for a few years. The reason the middle of the road drivers are picking up is the average buyer is once again priced out of the collector car market. Back in the mid nineties we were selling first gen Camaros and all Chevelles for $20,000, no matter what was under the hood. This time around, Joe Public has leaned more toward affordable day 2 cars, old race cars, etc. That demand will obviously drive the price of those cars up accordingly, just as it did before. Then at some point, everything is going to equalize, beause all old cars become overpriced. Bob, you are a younger Baby Boomer- there is a good percentage of Boomers that have already packed up for warmer climates. I hope you are right and prices keep climbing. But as an appraiser and seller of muscle cars for 11 years, I see something brewing down the road.

Re: Yenko Nova
 

If I read you right, are you saying a guy with a couple of pretty nice muscle cars should start thinking about selling them, before they have a big drop in value?

Re: Yenko Nova
 

[ QUOTE ]
But as an appraiser and seller of muscle cars for 11 years, I see something brewing down the road.


[/ QUOTE ]
There is always something to look at down the road..but trying to figure out how long the road is would be a hopeless excersize.I know I am at the younder end of the baby boom...but there are a zillion of us all wanting the same cool stuff.


T...with all due respect ...I wouldn't exactly go running out selling everything based on his opinion.

Re: Yenko Nova
 

So are you telling all your customers that your cars are overpriced and they should not buy them.

The reason the average Z28 is 50K and up is because the rare stuff has pulled them up. If the markets take a stumble the average high production cars will fall the most and the rare stuff will be ok, IMO. Also people that can only afford the high production cars are not stupid all of the sudden, they probably realize that its stupid money to spend big bucks for a high production car just because of the market being pulled up by the rare stuff. In the end they still view it as average everybody has one car but at a high price.

Re: Yenko Nova
 

The reason I own a couple of muscle cars is because I like them. I also like the newer high performance cars as well and value is secondary to my purchase decision. The amount of depreciation that I have incurred on my past new car purchases could probably buy me a couple of Yenko Camaros, but I still enjoyed having them.

For me, it is not about the value down the road for a new car purchase (an obvious losing situation) and that translates over to muscle cars as well. Luckily, they do hold value better than new cars (a heck of alot better!) and still have a chance to potentially appreciate as well.

Re: Yenko Nova
 

There will always be cars that money just can't buy. https://www.yenko.net/ubbthreads/imag...lins/frown.gif

http://i10.photobucket.com/albums/a1...5/57nomad3.jpg

Keep asking, and they're not for sale, ever. https://www.yenko.net/ubbthreads/images/graemlins/no.gif
The number of cars like this is staggering, we keep finding them and talking about them, and for every one like this, there are probably 3 more in some garage or barn just waiting... https://www.yenko.net/ubbthreads/imag...mlins/wink.gif

Re: Yenko Nova
 

Barring some unforeseen force of nature or country the musclecar prices will still continue to rise especially in the shadows of the modern muscle coming out of the Big Three. How long the road is is anybody's guess , but I would wear a good pair of walking shoes. The price of the average musclecar is $$$$$---the price of the high end musclecar or Supercar is $$$$$$$$$$--Enjoying the cars of someone's youth or enjoying a special time gone by for those who weren't there, thru the stories and cars of yesterday is priceless---In the end all that really matters are the memories of good times and good friends---Enjoy the 60's/70s while they're here the second time around---...Joe

Re: Yenko Nova
 

[ QUOTE ]
In the end all that really matters are the memories of good times and good friends---Enjoy the 60's/70s while they're here the second time around---...Joe

[/ QUOTE ]

Joe, you hit the nail on the head...again! https://www.yenko.net/ubbthreads/imag...lins/beers.gif

Any monetary gain while having fun with my car is secondary...For me, it's about the people (here on the Y-net...at the cruises...casual talk as I'm filling the Chevelle up at the gas station) both young and old.

https://www.yenko.net/ubbthreads/imag...ns/burnout.gif

Re: Yenko Nova
 

This all started out trying to explain something to a person who has a rare car sitting in their garage, wondering about selling it. Not as a global warning to all muscle car owners. Stuart- If you take a look at my website, you will see I don't have to tell my customers I'm overpricing a car- I am known for selling them at a price that usually leaves a little on the table for the buyer, instead of trying to squeeze the last dollar out of them. Many on this board know me and can tell you that is the truth. I'm not telling you all to panic sell your cars- I'm making a statement about trends based on the overinflated values of many cars during the last 2 years. Time will tell.

Re: Yenko Nova
 

[ QUOTE ]
Enjoying the cars of someone's youth or enjoying a special time gone by for those who weren't there, thru the stories and cars of yesterday is priceless---In the end all that really matters are the memories of good times and good friends---Enjoy the 60's/70s while they're here the second time around

[/ QUOTE ]

Your right!! My '72 Nova was my first car and I have a bunch of great memories. To me, the '72 is just as valuable as my Deuce.

Re: Yenko Nova
 

I've restored and/or sold over 20 American Muscle cars over the past 2-3 years and in hind sight, every one sold to cheep. At the time I thought the price was right in line. But, I'd love to have that #'s 66 427 Vette back I sold for 47K or that #'s 69 X77 Z28 I sold for 37K. It seems like, if you buy the right car what ever you pay today will be less than you pay tomorrow. Old car appeal is generational and what ever cars the generation that drives the US economy in general loves will be the hot cars and will continue to be hot until that generation starts to die off (to be blunt about it). Then the next generation and the cars they love take over. God forbid. Right now Baby Boomers drive the US economy so the cars that Baby Boomers love, American Muscle cars are hot and IMO will continue to be so until we all start getting to old and senile to care. I think the big difference now than in the past is that this market is dominated by enthusiasts not investors. People that love these cars. I just can't see a significant %age of these people waking up one day and saying... Nah.....I'm not interested in these cars anymore ...I know I won't. IMO the market will be very viable for the next 7-10+ years. Just my .02 and 100% speculation.

Rick

Re: Yenko Nova
 

I plan on drooling and changing my diaper in one of mine so no one will want it anyway

Re: Yenko Nova
 

[ QUOTE ]
In the end all that really matters are the memories of good times and good friends---

[/ QUOTE ]

AGREED!!! https://www.yenko.net/ubbthreads/imag...iggthumpup.gif You just can't put a price on that! https://www.yenko.net/ubbthreads/imag...mlins/wink.gif

Re: Yenko Nova
 

That...among 2-3 other reasons people avoid your for sale cars.
https://www.yenko.net/ubbthreads/imag...mlins/haha.gif

Re: Yenko Nova
 

[ QUOTE ]
I just can't see a significant %age of these people waking up one day and saying... Nah.....I'm not interested in these cars anymore

[/ QUOTE ]

Rick I agree. I remember as a kid it was unthinkable to my parents and people their age that us kids would still be listening to Rock-n-Roll music when we became 40 or 50. It was something you would out grow was the thinking. Truth is, like rock-n-roll, once you've been bitten by the muscle car bug there's no turning back. I swear it's like drugs. A guy can go 25 years without a muscle car, but the craving never completely goes away. Everytime he see's one, he looks. He remember's. He wants.

It's this reasoning that makes me think your going to be seeing a lot of 60-70 year old guys driving '69 Chevelle's as we get older. And don't be surprised if you hear the Rolling Stones or even AC/DC playing when they drive by.

Re: Yenko Nova
 

[ QUOTE ]
It's this reasoning that makes me think your going to be seeing a lot of 60-70 year old guys driving '69 Chevelle's as we get older. And don't be surprised if you hear the Rolling Stones or even AC/DC playing when they drive by.


[/ QUOTE ]

You know John P and I were laughing about this not long ago. I listen to the same music as when I was 14, still love muscle cars, looking at hot babes, eating good food and swearing. And I always will...I don't think my Dad did that...but I'll take my final nap still doing this stuff..Oh and Steve...my cars are legendary...when they leave my house they are always worth less than what I have in them !!! As long as your scrawny butt is around to fix them the world will be fine...kind of our own special yin and yang !!! https://www.yenko.net/ubbthreads/imag...mlins/haha.gif

Re: Yenko Nova
 

i'm on the diving board, and i'm coming in!!! as someone who is very young (28) in this hobby i see this in this in the immediate future.. you guys who were 18 in 1968 are somewheres around are 56ish, 57. 1968 was right before the apex of the musclecar boom. i would estimate your buying power will last well into your mid-sixties. the cars will become to fast for you and it will be time to sell. however, you will be selling to people of my generation which will not have enough consumers for the products being sold. i'm going to scoop up your Yenkos, Hemis, 442's, Judges, and BB Mustangs for pennys on the dollar. however, gas will be $20.00 a gallon and i will be to poor to drive them. of coarse i'm saying all of this tongue-in-cheek! you old geezers will still be flying around in your SuperCars and I wont get a chance to buy them until i'm in my late 50's. putting me very close to my geezer years. since i dont like tuner cars i will be driving around in my (soon to be purchased) 2001 Roush Mustang and wondering why i cant afford to drive my classic iron. seriously though, i feel buying power will be strong for the next 10 years and then muscle cars will fall victim to the Model A's and Tri-5 Chevys that sit in garages because there not whats in right now.

Re: Yenko Nova
 

wow, maybe i should proof read before i submit! (either that or put down the beverage!)

Re: Yenko Nova
 

Well...the only real geezer on the board that I am aware of is Steve Sandlin.. https://www.yenko.net/ubbthreads/imag...lins/dunno.gif

Re: Yenko Nova
 

Don't forget about that old buzzard Cumby. https://www.yenko.net/ubbthreads/imag...mlins/grin.gif

Re: Yenko Nova
 

[ QUOTE ]
I plan on drooling and changing my diaper in one of mine so no one will want it anyway

[/ QUOTE ]
https://www.yenko.net/ubbthreads/imag...mlins/haha.gif-- AARP Condition----Matching numbers and Matching owner DNA car...

Re: Yenko Nova
 

Have you guys laid eyes on schoneye https://www.yenko.net/ubbthreads/imag...mlins/grin.gif He hasn't changed since 1968, (although I think he's leaning more towards Republican now https://www.yenko.net/ubbthreads/imag...ns/naughty.gif ) He will still be listening to CCR, cursin his shifter, and tryin to figure out which left foot to hit the clutch with - well into his '90's!

Re: Yenko Nova
 

[ QUOTE ]
i'm on the diving board, and i'm coming in!!! as someone who is very young (28) in this hobby i see this in this in the immediate future.. you guys who were 18 in 1968 are somewheres around are 56ish, 57. 1968 was right before the apex of the musclecar boom. i would estimate your buying power will last well into your mid-sixties. the cars will become to fast for you and it will be time to sell. however, you will be selling to people of my generation which will not have enough consumers for the products being sold. i'm going to scoop up your Yenkos, Hemis, 442's, Judges, and BB Mustangs for pennys on the dollar. however, gas will be $20.00 a gallon and i will be to poor to drive them. of coarse i'm saying all of this tongue-in-cheek! you old geezers will still be flying around in your SuperCars and I wont get a chance to buy them until i'm in my late 50's. putting me very close to my geezer years. since i dont like tuner cars i will be driving around in my (soon to be purchased) 2001 Roush Mustang and wondering why i cant afford to drive my classic iron. seriously though, i feel buying power will be strong for the next 10 years and then muscle cars will fall victim to the Model A's and Tri-5 Chevys that sit in garages because there not whats in right now.

[/ QUOTE ]

Alot of these old geesers are old enough to be my father! https://www.yenko.net/ubbthreads/imag...mlins/grin.gif And my son and daughter say they got dibs on my cars in 20 years. I better get back to work because I won't be retiring on muscle car money. https://www.yenko.net/ubbthreads/imag...lins/blush.gif

Patrick

Re: Yenko Nova
 

[ QUOTE ]
So are you telling all your customers that your cars are overpriced and they should not buy them.

The reason the average Z28 is 50K and up is because the rare stuff has pulled them up. If the markets take a stumble the average high production cars will fall the most and the rare stuff will be ok, IMO. Also people that can only afford the high production cars are not stupid all of the sudden, they probably realize that its stupid money to spend big bucks for a high production car just because of the market being pulled up by the rare stuff. In the end they still view it as average everybody has one car but at a high price.

[/ QUOTE ]
I think the reason cars like 69 Z/28's are selling for 50K is due to the shortage of decent ones. If you cant find a nice one then you have to find one that needs restoration and then your going to pay 25K for a car and dump 30-50K to get it back to nice condition so you over that 50K mark right off the bat. I think the prices will continue to go up and are being dictated by the cost of parts and restoration costs. One day someone will get smart and set up a sort of production line to save labor costs on restorations and also manufacture exact spec parts and sheet metal and hopefully sell it for half NOS prices, then, and only then will prices come down. Basically if you could find a beater for 10k and have it restored for 10k then you have a new 20K car. Then the others will drop due to supply and demand. I believe the safe market is the rare cars like the big block chevys and Hemis. As for Z/28's, hard to believe 50k on up for such a high production car.

Re: Yenko Nova
 

So many of the original Z-28's were raced, wrecked, blown up and junked that the REAL cars are few and far between. I also believe the price of parts will continue to rise as the cost of labor to mfg. the parts rises. The reality is that 50k is not much money for a car. If you consider the folks buying can afford to buy what they like, why buy a new Vette, Mustang, etc. for 45-50k that will depreciate when you can have a nice muscle car that will appreciate for the forseeable future? Classic example; I bought a new SL 500 Mercedes in 1998 and paid about 80k. It sits in my garage with 53k miles. Its worth about 29k. Later I bought a numbers matching 69 Z-28 fully documented with REAL pop and 31,000 original documented miles. Needless to say I paid much less for the Z, and you don't have to guess that 29k would buy about 1/3 of it now. Needless to say I've bought my last new Benz. My wife on the other hand.....

Re: Yenko Nova
 

[ QUOTE ]
"One day someone will get smart and set up a sort of production line to save labor costs on restorations and also manufacture exact spec parts and sheet metal and hopefully sell it for half NOS prices, then, and only then will prices come down".

[/ QUOTE ]

Sam..that day is HERE

Re: Yenko Nova
 

[ QUOTE ]
[ QUOTE ]
So are you telling all your customers that your cars are overpriced and they should not buy them.


[/ QUOTE ] I think the reason cars like 69 Z/28's are selling for 50K is due to the shortage of decent ones. If you cant find a nice one then you have to find one that needs restoration and then your going to pay 25K for a car and dump 30-50K to get it back to nice condition so you over that 50K mark right off the bat. I think the prices will continue to go up and are being dictated by the cost of parts and restoration costs. One day someone will get smart and set up a sort of production line to save labor costs on restorations and also manufacture exact spec parts and sheet metal and hopefully sell it for half NOS prices, then, and only then will prices come down. Basically if you could find a beater for 10k and have it restored for 10k then you have a new 20K car. Then the others will drop due to supply and demand. I believe the safe market is the rare cars like the big block chevys and Hemis. As for Z/28's, hard to believe 50k on up for such a high production car.

[/ QUOTE ]

I agree! I think the 69Zs are cool cars, but because of there production #'s the up-side is limited. I think you'll see the 70 through 73 camaros start to make a move (like that hasn't already start to happen)and the Boss 302s and 383 Mopars and cars like that get bumped up some. 50K can still buy alot of car. Just not any kind of Super Car unless you get lucky. JMHO.
Patrick

Re: Yenko Nova
 

I find that these collectors that are sitting on rare muscle are now cosidering selling these cars that they thought they never would considering the market is so high. On the other side of the coin you have these baby boomers making a bunch of coin and there sitting waiting for these cars to hit the market, and when they do their ready with their checkbook and don't care what they have to pay becouse they know if it sells they may never get an oppertunity to get it again. Then those guys will sit on it and think the same thing that they will never sell, they're making money in whatever they do so they don't care what happens to the market becouse they're enthusiests not investors, they're just happy to have it. If the surge never comes around again, the family will keep that old thing becouse it was grandpas pride and joy and it's a piece of the family, it's worth more to them then anybody else. Old muscle never dies it just gets inherited!!

Re: Yenko Nova
 

On behalf of my good friend Mr. Cumby, and myself, we resemble that.

Re: Yenko Nova
 

Yeah, I've said this a few times lately; "I'm too damned stupid to sell anything". I'll die a pauper and my kids will retire after "the sale"! https://www.yenko.net/ubbthreads/imag...lins/crazy.gif

Oh well, we're still havin' fun, eh Schonye? https://www.yenko.net/ubbthreads/imag...iggthumpup.gif

Re: Yenko Nova
 

[ QUOTE ]
On behalf of my good friend Mr. Cumby, and myself, we resemble that.

[/ QUOTE ]

https://www.yenko.net/ubbthreads/imag...mlins/haha.gif https://www.yenko.net/ubbthreads/imag...mlins/haha.gif

Re: Yenko Nova
 

[ QUOTE ]
Yeah, I've said this a few times lately; "I'm too damned stupid to sell anything". I'll die a pauper and my kids will retire after "the sale"! :crazy

[/ QUOTE ] I can vouch for that! Heard it this week! https://www.yenko.net/ubbthreads/imag...ns/worship.gif

Re: Yenko Nova
 

The worst time to get in on any "investment" is when people who know nothing about what they are investing in are touting the praises of said investment.
Just like my stock broker told me... "The time to get out of an investement is when every where you go you hear someone talking about how much money they are going to make on this or that" and the time to get is "When every where you go everyone is bitching about taking a beating and saying they are not going to put their money in this or that ever again"
BUT I will reiterate what has already been said... the people who know what they are buying are not going to be hurt IMO... it will be the people who are blindly buying mediocre (and I use this term loosely) "restored" cars with "matching numbers" that will take the biggest beating. I have had people who know nothing about muscle cars call me and say I found so and so and it is priced 10k less than what I am seeing on ebay or where ever. Then I look at the car and it is the wrong color, everything under the hood is painted black, it is missing the smog, not the right carb... and the list goes on...
What they fail to realize is that if you don't know what you are looking at then you had better find someone who does and you are better off paying 20k more and buying a known car with verifiable history and everything correct.

Muscle cars are like art you don't buy them as an investment you buy them because you like them, if they make you money that is just icing on the cake.

Cameron says to Ferris:
"He values this car more than life itself, he polishes it with a baby diaper."
Ferris Bueller:
"A man with priorities so far out of whack does not deserve such a fine automobile."

Re: 1970 Yenko Deuce
 

Hi there Linda, Is the Duce Sold yet?

Re: Yenko Nova
 

[ QUOTE ]
Cameron says to Ferris:
"He values this car more than life itself, he polishes it with a baby diaper."
Ferris Bueller:
"A man with priorities so far out of whack does not deserve such a fine automobile."

[/ QUOTE ]

It was on Encore last night. https://www.yenko.net/ubbthreads/imag...lins/smirk.gif