So where do we think the Muscle Car Market will go

[vdavie]

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??

[MosportGreen66]

Can you PM me with details?

Thanks.

[MultiMopars]

[ QUOTE ]
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??

[/ QUOTE ]

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.

[MultiMopars]

MosportGreen66

Off track for this thread so apologies for highjacking.

In looking at your screen name it reminds me of a car I used to own.

It was a 1966 Corvette coupe in mossport green with green interior. Pretty well loaded with 427, 4 speed, A/C, ps, pb, pw, tele/teak wheel, side exhaust, knock offs TI, ign. NEARLY ever option except leather, headrests and big gas tank. I would have kept the car but I could not run the A/C in Phoenix without overheating the car. I sold it and bought a small block A/C 1966 Corvette.

[Chris396]

I think the classic car market was overinflated just like the housing market. How much? That I don't know. Be are seeing some price corrections.

[MultiMopars]

[ QUOTE ]
I think the classic car market was overinflated just like the housing market. How much? That I don't know. Be are seeing some price corrections.

[/ QUOTE ]

That is true also.

Especially in the Mopar market that finally "caught up" to other makes (considering the limited numbers they sold in comparision) that had been selling for more for many years. the problem was that people went crazy with it and it was out of balance in my OPINION.

[vdavie]

Then you see some of the money spent at a few of these auctions and it still looks pretty strong. Having said that, I do think a lot of folks think that anybody selling a car is in crisis. I still think a strong original car will always bring good money. I was hoping to just find someone to do a trade and some cash. But maybe i will keep this one and sell my LS5.

[MultiMopars]

[ QUOTE ]
Then you see some of the money spent at a few of these auctions and it still looks pretty strong. Having said that, I do think a lot of folks think that anybody selling a car is in crisis. I still think a strong original car will always bring good money. I was hoping to just find someone to do a trade and some cash. But maybe i will keep this one and sell my LS5.

[/ QUOTE ]

Yes, it seems the latest auction results are showing a surge in strength since last years Scottsdale auctions which I believe was the bottom of the market.

I too would take a trade and cash for my 1 of 11 Hemi car. I have it advertised here with this offer. Heck, I would take multiple cars in trade on it if the deal was right. I just have too many cars for where I want to be in a few years.

Everything I own is paid for, real estate, cars, everything. You can't believe the number of inquiries I have had where people have been so bold as to ask if my house is in foreclosure and if my car was financed and tied to the house loan.

[vdavie]

The Mopar stuff was way out of line a few years back. I don't know why, i had a B5 blue T/A car that i was affraid to drive because i thought something would fall off! The motors are great and they are good to look at but dam the quality of some of those cars just scared me. The Shelby's seem to be holding up pretty well.
Vince

[MultiMopars]

[ QUOTE ]
The Mopar stuff was way out of line a few years back. I don't know why, i had a B5 blue T/A car that i was affraid to drive because i thought something would fall off! The motors are great and they are good to look at but dam the quality of some of those cars just scared me. The Shelby's seem to be holding up pretty well.
Vince

[/ QUOTE ]

I love all old cars. They all have their strengths and weaknesses.

I sold Dodges and AMCs new from 1968-74 and the quality of the bodies on the E bodies was horrible. The other models were better but still not as good as GM or Ford. They did however have some pretty bullet proof drivetrains. I remember the first time one of my Chevy buddies saw the gears out of one of my Dana rear ends. he said it made a Chevy 12 bolt look like a toy. The survival rate on Mopar big block is WAY higher than any Chevy big block too.