The sky isn't falling, just Musclecar prices....

Hopefully prices hang in there until September 17th :Brow:

 

1972 Buick Skylark 350 2-door Hard Top

It's crazy out there.....in 1972 I bought a brand new Buick Skylark
Sport Coupe and paid $3,250 (including tax, title, tags) out the door.
Having driven/used the car all these years....paying for gasoline, batteries,
tires,insurance,and minor repairs. Today I could sell the car for the same price I paid when new?.....so did I lease/rent the car from GM for 34 years
because I can get my money back?
It's kinda like a got the car for "free" and having only to pay for gas, etc.
for 34 years. But Ahh I forgot about inflation!!!
$3,250 won't buy what it did in '72. New Buick today 30K.
At least it's worth the same today as it was 34 years ago...inflation aside!
All things being equal, anybody know in what year the price of this
car started going back up?.....probably at one time it was only worth
$200-500 bucks.
Gotta Love It! :Smarty:

 

I've just noticed a lot for sale and a lot not selling.

Either way I like a buyers market.

It's just not for the really high dollar stuff

 

It's also that time of the year when Mama wants to put her car in the garage (and Dave wants to put the diesel in his garage). Trading 1 for 1 doesn't improve on that.

 

The season is coming to an end in the north. Same issues. Time to store them or sell them, the fun is done for the summer. Also, a bad time to but going into winter for the same reason. Need to store it and have no fun for six months after dumping the cash.

 

Mine is going after Stanton :Smarty:

 

Phil,

That list is a joke. Lets take a closer look. Which of the following would you trade one of your 73's for?

80-88 AMC Eagle
80-85 Caddy Seville Elegante
93 Caddy Allante
86-87 Monte Carlo Aerocoupe
80-83 Dodge Miranda CMX
91-92 Dodge Spirit R/T
85-91 Dodge Shelby FWD Turbo
87-93 Mustang 5.0L (how many did they make ? 1 millon?)
98-2000 Ford Contour SVT
93-98 Lincoln Mark VIII LSC
95-99 Olds Aurora
81-88 Olds Cutlass 442/Hurst Olds
90-95 Olds Cutlass Supreme Convert

 

Most of these could also be posted on the "girls car" thread that's posted on another thread now.
:beer

 

I've been seeing the "glut" of cars growing in Mi.

Hey Tom share the auction story!

 

HHHMMMMM.........
17 Months later. Where are we at? who's predictions were correct?
Fun to go back and read through these:Smarty:

 

Yeah, it sure is. I love the rotting musclecars on the Yenko site. Go through it every day. Up to 85-90 pages now and still going strong.

Pulled a 65 442 HT out of a garage near here yesterday and moved it to a friend's house. Original owner raced it from Day one, had only 16k miles, but sitting idle since 1973. That was when he came back from Vietnam. He said he had no interest in it when he came back (or most other things except women, booze, and the weed). His Dad was the real racer and kept it ready to go while he was gone but didn't drive it.

This one's all there, partially apart, and a little rough from bad storage, but easily restorable. Going on a rotisserie for a complete frame off. With its history and documentation, it deserves it. They're still out there. Lots of them being flushed out by this wonderful Michigan economy. This was a mortgage foreclosure and a divorce judges' directive on his house.

 

I can only speak for the minute niche that I see, but the hi-po Chevys still seem to be moving up...the "ok" cars slapped together simply as auction fodder are faring about the same as the rest, but the better restored solid lifter cars are getting higher by the day. They were still high @ the recent auctions (which I don't use as a barometer, for obvious reasons!) but the behind doors sales we follow were record setters...some Zs and L78 cars, as well as the usual COPO & Yenko cars.

 

I'm sure the heavy pedigree cars are holding there own as they get sold amongst the heavy hitters. They usually do.

Some of the cars I spoke about a year ago are still for sale.

A friend of Casey's has a six pack car that he kept "Barret Jacksoning" at north of $200K

He was mighty sad when the "Barret Jacksoning" reduced by half after the last auction.

(Barret Jacksoning: quoting a value based off that unrealistic show. :laugh: )

 

Musclecars will start to lose popularity when the population of folks who remember them starts to decline. I predict that over the next 10-15 years, there will be declining interest.

In the shorter term, the bad economy will continue to push prices down on 95% of the cars that are for sale.

Look at the Model A and T cars....the folks who grew up with them are in their 70's, 80's, and 90's now.....:shock:

 

I won't say it's entirely at fault, but I'd say the *false economy* created by the Minnesota collector dealing in the Mopar world is having a negative effect on Mopar prices...

 

Saw a 67 Plymouth GTX 440 total resto mint condition go for $27k at the R&M auction recently. Sounds pretty fair to me. I'm sure at Barrett Jackson it would have gone for $35k at least. I know it's not a Hemi, but still. I recall 2 years ago at a local show someone had a 67 GTX 440 very nice condition selling for 39K. Soooooooo...

 

It wouldn't hurt my feelings to see some of these cars inflated values fall a little. Maybe put them back in the hands of people that appreciate them !
The market has been driven by dick weeds that are in it FOR the money OR should I say INVESTMENT. A little body work a lot of the right EXPOSURE a cool little false history and there off to BARRET Jackson!!
Some of the cars I have ,I could of NEVER afforded them if I wanted them now. 20 years ago, the guys scrounging around for them are the same guys who treasure them today.

 

Call me naive, but I want to believe that most of the people paying really big dollars for musclecars the past few years really DO like these cars. They may not be "car guys" to the extent of you or I, but they're not just in it for investment. If they actually like cars, and have money to burn, how can you blame them for driving prices high? o No:

I would love to see prices continue to drop. I don't want to sell, I want to buy. More cars! More cars!! :TU:

I do disagree about the demand for muscle cars falling in coming decades. Yes, we're going to die off. But the population keeps growing, and a certain percentage of that population will like these cars and create demand. That growth in demand WILL outpace the growth in supply, which is obviously zero. I'm not saying muscle cars will be a good investment, but they'll probably at least keep up with inflation. (Again, not that I care, since I'm not selling.)

 

The drop in values also will affect those that are in the restoration and parts business. I have mixed feelings about that as it will drive some people out of business or severely cut into their profitability. $20k paint jobs will be a thing of the past except on the true blue pedigree cars like Yenkos, not every Mopar and Camaro/Mustang ever built. Less temptation to build clones (for profit) and fewer nice "vanilla" cars scrapped out as organ donors for the big buck ones.

As Pegleg said, hold onto your hat (and wallet) when Hillary gets in. You won't be able to afford your hobby while you're supporting health care for everybody else. Haven't heard much about or from Algore recently. Guess it's hard to preach global warming when we're freezing our asses off up here in the North and plowing snow everyday.