1970 Yenko Deuce

[Stuart Adams]

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.

[Jim Mulvey]

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.

[ANDY M]

There will always be cars that money just can't buy.



Keep asking, and they're not for sale, ever.
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...

[JoeG]

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

[Xplantdad]

[ 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!

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.

[redeuce]

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.

[MikeA]

[ 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.

[TXSS]

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

[MrsBillyBobcat]

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

[/ QUOTE ]

AGREED!!! You just can't put a price on that!

[SamLBInj]

[ 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.