Interesting USA today article for investors

whitetop · #1 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

**hvychev** · #2 08-08-2002, 03:18 PM

Guys what a great point. Being only 24 years old when I go to car shows I am usually the youngest guy by 15 years. I have told many people about what we are talking about here. The younger generation is not interested in muscle cars. I was lucky enough to have had a good influence with them in my father. I have a few 18-20 year olds that work for me that have new generation Camaros and Mustangs. They think muscle cars are cool but would either have newer style cars or just simply can not afford a really nice muscle car. The prices for these cars are getting to out of reach for even most average adults. Not to mention that 9 out of 10 lending institutions won't even borrow money on a car that is older than 7 years old so if you don't have the cash you are out of luck. I have told many people that not now but in let's say 20-30 years from now the prices for these cars will be more affordable for the average Joe, especially supercars and other rare cars. Who would pay $100k+ for a rare car that they don't understand let alone appreciate. I am trying to learn all of this precious info now while I can, so when thoes supercar prices fall in the decades to come I will be right there to scoop one of them up! [img]/ubbthreads/images/icons/grin.gif[/img]

COPO PETE · #3 08-08-2002, 04:10 PM

I believe the prices on the Supercars and other real high performance cars will always be good. Look at Duzenburgs (sp????) They still command excellent money, and they do nothing for me! I'm in this hobby because I love it. If someone offered me a million dollars for my cars I would not sell them. The fact the prices go up is just a bonus for me, it's nice to have a hobby that could actually potentially pay for itself, but I won't cash in on it. I'm here cause I like it and any young kids I've taken out for a blast has a perma-smile when I'm done with them. My two sons love them and will continue to look after them.If the price falls a lot....so what, I'm still having my fun!
Peter

**tom406** · #4 08-08-2002, 04:47 PM

Pete's got a point there. I've been waiting for 12 cylinder Packard prices to fall down to my level for a while now, and they've kept steady. Why? Aside from the fact that they're awesome, a steady stream of younger collectors have been "reaching back" after getting bored with the exotics/musclecars/50's iron they've been collecting. Not all of them, by any means, but enough to take care of the limited supply of cars put in circulation by declining older owners. I think the same will hold true for the Shelbys, Hemis, and Yenkos of the world. A percentage of the young Honda-tuners will open their hearts & wallets and carry the torch.

Now as for the 1928 Maxwells and 1968 Caprices of the world..they do appear to be one the road to obscurity and neglect. But they are dirt cheap for those who find joy in them!

NWYENKO · #5 08-08-2002, 04:54 PM

Too bad, Tom, I was just getting ready to call you and have you get rid of my cars before it was "too late". However after reading your and Pete's post I think I will hang on for a few more years. [img]/ubbthreads/images/icons/wink.gif[/img] [img]/ubbthreads/images/icons/wink.gif[/img] Jim

**YENKO DEUCE REGISTRY** · #6 08-08-2002, 05:00 PM

I agree with the Dusi situation, and am with Pete - I'm in this because I love the cars regardless as to what the market is paying. I drove my Yenko to work today, and just spent an hour driving it around the countryside during lunch. Why do that? Certainly not to protect my investment, it does make me nervous because it's a nice car that just won 1st place at the Nova Nationals, (my hands are still shaking a little, not sure if it was chirping 4gears on belted rubber, or the solid lifters [img]/ubbthreads/images/icons/grin.gif[/img] ).

I drive 'em because that's why I bought it in the first place, what a blast [img]/ubbthreads/images/icons/grin.gif[/img] [img]/ubbthreads/images/icons/grin.gif[/img]

NWYENKO · #7 08-08-2002, 05:08 PM

Marlin, drove the Deuce to a show in sothern Wa (100 miles one way) 4:10's and bias tires on the freeway at 60-65 while everybody else is doing 80+ was a little stressful but still FUN [img]/ubbthreads/images/icons/shocked.gif[/img] Drove the Camaro 3 wk ends in a row to local shows but am leary of putting many miles on it since it has low mileage Jim

**YENKO DEUCE REGISTRY** · #8 08-08-2002, 05:37 PM

Way to go Jim [img]/ubbthreads/images/icons/smile.gif[/img]
That's what they were intended for! I know Schoneye drives both of his, Cronkelton his, Belky his, Miller, Gruber, Thorson, Jansen, theirs, and the list goes on - very cool.

jon rand · #9 08-09-2002, 03:46 AM

Well said pete. Duzenburg,whats that all about. I,ve been offered outragous money for my car but its not for sale.

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