Re: So where do we think the Muscle Car Market will go
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Are the cars selling? I'm talking about Numbers Matching cars with doc's ect.. Looking at Ebay it does not look like it. I put my 69 L78 RS/SS Camaro, full doc's on Ebay. I had a lot of guys just trying to steal the car. I see some, what look to be nice stuff without any bids??
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If we look at history I don't think a lot of it applies.
Back in 1987 when the bottom fell out of the stock market investors turned to hard assets to invest in such as muscle cars as they are just that "hard assets" unlike paper stock which evaporated in full. A car doesn't go away and you can at the least still be used at the very least as transportation. However the investors had a short window of trading to make money on them until thing snapped back to reality regarding what people valued them at. So we don't see this happening THIS time. Add to it these are harder times this time around with a near total collapse of the total economy and not just here but with the entire world effected.
Buyers are attempting to capitalize on others hard times and believe that they can take advantage. The real facts are what they are looking for vs. what they will "settle" for.
If you have a very limited production car that there is a limited number of them offered for sale and it is what they REALLY want, they will have to pay the sellers price. If they are simply looking for a "deal" and have a varity of cars they will "accept" then they have MORE options with regard to what they can buy at a bargain price. I believe that a lot of these buyers are "settling" for something less than what they REALLY want simply because of the bargain factor for some of the other cars available.
There are limited examples for the buyer to purchase that is a true "limited" number of the cars that are real, documented car to choose from for a particular car that they will except. It comes down to the same old thing, a matter of supply and demand. It is just a matter of the two "right" buyer and seller getting togather in order to get "that" car sold.
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