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Old 08-29-2006, 01:51 AM
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70CitrusZ 70CitrusZ is offline
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Default Re: Mecum Auction COPOs everywhere

my.02
1) Most prices are balooned way out of proportion right now.
2) The regular enthusiast people who own these cars for anything other than an investment wouldn't or couldn't pay the dollars it takes to buy them right now, those enthusiast people are mostly currently "sellers or keepers".
3) Once the "investment interest" moves on to something else, and there is a new "status symbol" for the rich, prices will drop. Right now muscle cars are the flavor of the week.
4) Any substantial increase in interest rates and the prices will start to drop out of the muscle car movement.
5) The prices of clone cars is an indication how far out of reality the prices are right now. Who pays 100k for a car you can build for 35??
6) If you need a yardstick to measure this by, just look at what happened to the hot rod market. A car that a few years ago would top a couple hundred grand now stumbles to fetch 75k. True, the good cars maintain "a value" of some kind, but there isn't the "status quo" inflation on them that there was.
7)Muscle car prices in general will go down. its just a matter of time, I give it less than 5 years for the first drop to prices with both the most expensive cars, and the lowest valued cars taking the largest hits first.
Mark.
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