Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars. |
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#1
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I think things are correcting themselves just like the housing market. Things have to level off somewhere for awhile. Besides a true car guy doesn't really care about what his car is worth because he just enjoys owning it and hopefully driving it on occasion! Stocks are an investment, land is an investment, 401 K's are an investment. Cars should be a hobby. Only the REAL car guys want the prices to come down so we can buy more.
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#2
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As long as I can get gas, I don't see any black clouds. Just had my Cuda' out one last time before the blizzard, nothing's gonna wipe the smile off my face that comes with flogging these old rides. I'm not too worried about prices either, corrections are inevitable but I've always bought what I liked to drive, or cloned what I wanted, but couldn't afford. Enjoy the hobby and don't let that other stuff ruin your perspective JMO
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Steve H. industrial art collector |
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#3
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There is no doubt in my mind that the feeding frenzy is over for the time being. Good cars are still selling for decent money, but it is taking longer and buyer's are much more cautious compared to 2005. I think this is good for the hobby personally as things got way too crazy last year. I haven't seen too many records being set lately, so I can't support that comment, but I have seen a few cars go for good money, but they were good cars
Documented, original drivetrain, rare/hi-po cars will always bring decent money...it's the "others" that are suffering.
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Mark |
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