I think the biggest depreciation will be the super rare super expensive ones, not the drivers. Right now there is a small group of deep pockets with a very strong passion for specific things (ZL1 Chevies, Hemi convertibles, etc.) and it will only take a few of them leaving their group to deflate their market. I think the more casual, more open minded, younger and larger market will continue to replenish itself. I’d guess there’s a lot more buyers (and will continue to be) for presentable driver Nomads and Bel Aire coupes (and other brands and models like our Buicks) than for red fuelie convertibles. It’s a lot easier to ‘sell’ the family on a 10 to 40 thousand dollar ‘toy’, versus a boat, camper, or pool than it is a car that costs as much as a nice vacation home (on the beach toward the deep end of the market). Also, with a less expensive car parents and children can learn the hobby, wrenching and driving, without risking ruining something. There’s no ‘hobby’ in owning a finished car that never gets driven, unless you like dusting. Patrick
Yes,I agree and I think a lot of "driver " cars are priced right and will continue to maintain their value to us that can keep them on the road. Keeping a high mileage newer car on the road is going to price itself into the grave IMHO.
