Interesting USA today article for investors

Fhakya · #1 08-07-2002, 09:08 AM

Wow..just read that article. I'm super curious to see the ultra rare Pontiac Superbird!!! At 1 of 0, it's easily worth the 85K. As for 69rsss350...Hey man, ride the wave! Apparently your car is now worth almost 100K (if I read your nickname right). What a joke this crap is.
This is also great for me because according to USA Today, my $.02 is now worth about $38.50.

-Mark

**YENKO DEUCE REGISTRY** · #2 08-07-2002, 01:25 PM

69rsss350;
Whitetop has just spoken my mind [img]/ubbthreads/images/icons/grin.gif[/img]
We have seen this before, and we know how this market cycles. We also know that everything has a price, and we are not knockin your profession or livelyhood. However, it is disconcerting when a 'carpetbagger' shows up with investment on the brain, rather than appreciation from the heart. This only drives the prices up out of the range of those who truly appreciate them. I don't really give a rat's petudy what my car is worth, and I won't sell it unless I have to. I own my Supercar because I want to enjoy it, not make money on it. I'll help close the door on the speculator's A$$ [img]/ubbthreads/images/icons/grin.gif[/img]
Just my $.02, or whatever it's up to today.

**tom406** · #3 08-08-2002, 03:52 AM

It's all OK, really. A bunch of cars that wouldn't get restored suddenly will (due to the $$$) plus some new reproductions will get tooled up for the same reason. A bunch of "forgotten" iron will get rescued from barns and fields because the owners will finally be able to get the ridiculous prices they think they're worth. Then, in a year or two, when all of the people left holding the cars realize that they don't really like musclecars all that much, the market will crash, and the "true blue" guys can buy them at reasonable prices again.

In the meantime, go play with your kids, take the wife out on the town, and fix your house up a bit. It will be OK again soon, really. [img]/ubbthreads/images/icons/smirk.gif[/img]

69rsss350 · #4 08-08-2002, 04:00 AM

Well said!

L78Impala · #5 08-08-2002, 01:34 PM

I'm looking forward to that day. Maybe I can buy my LS6 back. [img]/ubbthreads/images/icons/wink.gif[/img]

**YENKO DEUCE REGISTRY** · #6 08-08-2002, 02:07 PM

I know the ripple effect, and how it helps create a livelihood for mfg's, dist's, vendors's etc.., but it still doesn't help the average guy - the prices will come down but not back to where they were before the runup. You dealers have to remember that when the boomers are done with this hobby, the next generation will be priced out - and driving twin turbo 300Z's. I look at it like 'killing the golden goose' [img]/ubbthreads/images/icons/confused.gif[/img]

whitetop · #7 08-08-2002, 02:26 PM

Marlin
Th younger generation does not really like the older musclecars-so they won't be buying them in the future. They did not grow up with them. Just came back from the Street Rod Nats. Average age there was easily 55+ and silver haired. I'm 40 and I felt out of place. Went with a friend of mine who took (dragged?-just kidding) his 18 year old son. 18 year old son has no interest in street rods or the older musclecars whatsoever but does like modified cars. Said his dream car is a fox bodied Mustang of '87-'93. Another guy who went with us has a '37 Chevy rod and a '68 Camaro. His 16 year old son has no interest in those cars whatsoever but goes gaga over Honda sport compacts. Thirty years from now you will be able to pick up the '60's musclcars for a dime a dozen when all the current owners are dead or dying. Street rods earlier than that.
Dave

Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars.