Interesting USA today article for investors

[69rsss350]

In my experience those that ask too much soon come to reality and end up selling it for market value or it comes off the market. That is my point... not to worry as the market always corrects. By the way anyone want to give me 50K for my Camaro? I will provide all the pictures you want and deliver in my enclosed trailer (you can buy it too for 15k). Just have cash waiting!

[Fhakya]

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]

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]

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]

Well said!

[L78Impala]

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

[YENKO DEUCE REGISTRY]

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]

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]

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]

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