Musclecar prices and the possible recession

[EZ Nova]

Originally Posted by the427king

I sure wouldnt want to have to fly or be in large groups of people right now. Fortunately I dont have to do either . I have family members in New Rochelle and that area is said to be the biggest cluster of cases currently in the US.

Well, I'm going to be at Buffalo airport Saturday to fly down to visit my mom in Phoenix. Hoping we will be fine.........

[Tenney]

https://www.youtube.com/watch?v=E3URhJx0NSw

[Zedder]

Back to the car price question...I suspect the aging population will have more to do with prices softening over the next few years than anything else. It seems that more cars are popping up for sale lately, but very few appear to be changing hands. The same ads are run over and over again. It would be interesting to know what the distribution of ages are on sites like this. I'm 57 and suspect that the median age might even be north of that. If so, another 5 years will have a dramatic impact on the hobby.

[Steve Shauger]

Originally Posted by Zedder

Back to the car price question...I suspect the aging population will have more to do with prices softening over the next few years than anything else. It seems that more cars are popping up for sale lately, but very few appear to be changing hands. The same ads are run over and over again. It would be interesting to know what the distribution of ages are on sites like this. I'm 57 and suspect that the median age might even be north of that. If so, another 5 years will have a dramatic impact on the hobby.

Mark, if your buying look at it as an opportunity. Investing no so much... however just like water front property, ultra rare and iconic cars are virtually inelastic and will always be valuable.

[Zedder]

I agree with you Steve. I've never looked at old cars and bikes as investments, but I have always thought that they would hold most of their value over my ownership. I suspect that will still be the case, or they might drop 10-20% - which isn't a big deal in the overall scheme of things. The low Canadian dollar affects my purchase timing more than anything else. Almost a $1.40 Cdn today to buy a US buck...makes shopping in the US pretty difficult!

[Mr70]

And now for something completely different.
~Toilet paper maker Marutomi Paper Manufacturing which holds 10% of the Japanese market for toilet paper,saw orders jump tenfold from normal levels on Thursday and Friday.The company usually sells around 1,600 packs of toilet paper at most per day.But it received over 40,000 online orders over the two-day period.
https://asia.nikkei.com/Spotlight/Co...aper-in-Japan2

[Lee Stewart]

Here's why people are panic buying and stockpiling toilet paper to cope with coronavirus fears

https://www.msn.com/en-us/money/mark...rs/ar-BB112sCl

[Vern B]

Originally Posted by Tenney

https://www.youtube.com/watch?v=E3URhJx0NSw

Everyone should watch this, pretty sobering.

[Lee Stewart]

New York officials traced more than 50 coronavirus cases back to one attorney

https://www.msn.com/en-us/news/us/ne...cid=spartandhp

[fiveforty]

Originally Posted by Zedder

Back to the car price question...I suspect the aging population will have more to do with prices softening over the next few years than anything else. It seems that more cars are popping up for sale lately, but very few appear to be changing hands. The same ads are run over and over again. It would be interesting to know what the distribution of ages are on sites like this. I'm 57 and suspect that the median age might even be north of that. If so, another 5 years will have a dramatic impact on the hobby.

I am 60 yrs old. Last year bought a 72 RS Z28 from a guy a little older than me who had it for 19 years. Sold it to a guy who was older than me. he just sold it to a guy who was 66 yrs old. Was kind of disapointed in the responses I had for a car that only had 2500 made.