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

My view is that maybe this is true of Chevelles and Corvettes and perhaps other cars that appreciated in value faster than the Buicks did. I'm not worried about a crash in prices for our Buicks. They have always been lower priced.

Now take this gorgeous 70GS455 for example that sold for about $16K less than a year ago. If it was still for sale I think it would be a fine investment and a lot of fun to drive too. How can you go wrong with cars this nice for under $20K? You can't.

http://www.v8buick.com/showthread.php?p=624312#postid=624312

 

disagree

My first post when joining V8 Buick was in cars wanted.69 4 speed ragtop GS.I got 1 reply from someone who just bid one up to $16,500 reserve not met, but it sold off of ebay to a dealer in Wisconsin for $17,100. He emailed me pics and I offered him $25k . He said he had turned down offers over $30 within a week of getting the car and it was for his private collection. You can see the car at Colins Classic Cars under 1969 GS Convert 4 speed, but it's already been sold for $40k. Not a trailer-queen frame off either.That's from Nov. Not bad for 8 months.Certainly didn't go down.

 

Yes quite.

As I said before the auction prices are laughable and not a barometer of real life.

Unlike Mecum, Kruse or Barret Jackson, Ebay is not a real auction.

And as you said the prices are lower.......again reflecting real life as opposed to an auction.

 

ebay is somewhat like a real auction , lots of the same FRAUD happening there also .

the plus for ebay sellers is you can't see the shills as eay and the garbage being listed can't be seen till the money changes hands and the car arrives 2000 miles away ...

 

I just returned from the mopar nats this morning. I witnessed a friend's sale of a 68' hemi car, then witnessed his purchase of another 68' hemi car, both were #'s matching cars. The prices are definitely down 10-20%. What I haven't seen yet, are parts prices falling. I assume parts will also decline, or remain stable in value over the next several years. Tom is certainly right about one thing, this economic cycle bears little resemblance to the 80's collector market.

 

Wow,lots of doom & gloom here. Will know for sure what's going to happen in few years. o No: I still see it as more of a correction in the market just like stocks,housing,gold,etc.
The rust belt has taken a massive hit and will continue to do so,but the southest & southwestern states' economies are growing & will continue to grow. At least now we have the internet to expose cars for sale to thousands of potential buyers with the click of a mouse instead of having to rely on a fuzzy picture in Hemmings when selling nationally,or an ad in the paper & a for sale sign in the windsheild to attract the locals.
Maybe we should start buying up all of 5.0 Mustangs & 80's Monte SS's now before they get to be the new collector car "investments" of the future.
When Barrett-Jackson starts rolling out $50K 87 Mustangs we'll know the appocalypse is near ou:

 

Hemmings did an article in Classic Car about what they think are going to be 25 of the future classics. Here's the list:

80-88 AMC Eagle
83-85 Riv T-Type
84-87 Turbo Regals
94-96 Buick Roadmaster
88-91 Buick Reatta
95-99 Riv
80-85 Caddy Seville Elegante
93 Caddy Allante
86-87 Monte Carlo Aerocoupe
94-96 Impala SS
80-83 Dodge Miranda CMX
91-92 Dodge Spirit R/T
85-91 Dodge Shelby FWD Turbo
99 Dogde Viper GTS/ACR
87-93 Mustang 5.0L
98-2000 Ford Contour SVT
2000 Mustang SVT Cobra R
93-98 Lincoln Mark VIII LSC
95-99 Olds Aurora
81-88 Olds Cutlass 442/Hurst Olds
90-95 Olds Cutlass Supreme Convert
97-02 Plymouth/Chrysler Prowler
86 Pontiac Grand Prix 2+2
88 Pontiac Fiero Formula
89-90 Pontiac ASC/McLaren Turbo Grand Prix
92 Firebird Trans Am Convert
(source: Hemmings Classic Car, May 2005)

More Buicks on that list than any other makes :laugh:, but this is purely speculation on which cars will spiral into the dizzying values of muscle cars, making them unreachable for everyone but the rich. Better start collecting now :TU:

 

Prices have been coming down for a while now.An example.at one time if you wanted a 1971 Hemi Cuda there would be only one for sale at a given time and that sale if made public or Auctioned off would sell very quickly.Now I have noticed that there are now up to 10 1971 Hemi Cudas for sale at this present time.People that have these cars have flooded the market,so the competition for the high dollars that people will pay for these things get tighter.If you only have 3 or 4 high dollar buyers for a 1971 Hemi Cuda and Ten for sale well the buyer has the advantage.I recently saw a car the same as my 1964 go up for sale at an Auction near Chicago area,the bidding went to $350.000 dollars for the car and it was sold.This car was a #1 example of these car and maybe the best one I have every seen in a long time.Makes me wonder why I took the 64 Dodge to the Track two weeks ago now.I think all Muscle cars still carry a big price tag and it makes it impossible for the younger people to enter this Muscle Car Experience.I have also noticed that people are not spending the money on parts,and for example the Mopar Carlisle show most venders told me that there sales on the rare high dollar parts were quite low and even told me that all of there sales were down quite a bit.

Who knows were the market will go,there are a lot of things that control it and even some people control it via there rareness of certain cars that they own by setting an inflated price on a car that few were made.

I still look at it as the Muscle Car Market is finally correcting itself to the correct economy.

 

I think you have a good point 1964 Dodge. BTW, I dont want to get off topic, but what did you run at the track?

 

Couldn't agree more! The "Super Cars" will be worth more in 2 years. .02 cents

Patrick

 

thats because the prices for the parts were boarding on insane , thats why the stuff isn't selling .

1199 dollars for an NOS oil pan for a big block a body :laugh:

 

Keep in mind on the prices that it all depends on how much guys bought the cars for. If you bought your car 15 years ago for 10-15k of course you may try to sell if you feel you can get 30-40. If someone offers you 25 and you want to sell you take it and are happy. However, if you bought it 3 years ago for 35k and someone offers you 25k then you probably will not sell and the RESERVE will not be met on ebay. SO what I am saying is that if you paid top dollar, just like a stock, it is hard to make money and you may lose. These cars can't keep going up. All runs come to an end. I remember all the rich boys got into Ferrari's in the 80's and they went to insane prices. Now they are much more stable. The same will happen with muscle.

 

I haven't seen the rare Chevrolet Supercars flatten out yet...or even slow down for that matter. Someone mentioned that it gets down to cars flooding the market in terms of pricing, and I think that's correct to a point because people are slapping a lot of crap together just to get it out there and try and make a buck...I know of a couple guys here in town who had visions of grandure and tried just that, but they had no idea how expensive it was to put a decent car together. I honestly think the good cars will hold their value...not necessarily the rare cars, but the *good* cars...cars with good papers, the right parts, and done correctly. While the market is indeed flooded, it seems like more a of *quantity* thing than a *quality* thing...

And people are still droppin' some major coin on hard to find parts...a perfect example is this fan for an early Camaro a buddy of mine just sold...to put a car together with the correct parts isn't cheap any more, no matter what you're building.

 

"the rich boys got into Ferrari's in the 80's and they went to insane prices. Now they are much more stable."


Really??? Try buying a new Ferrari F430 spider...plan on spending 100K OVER list price just to get one. And people do it everyday!!! There is not enough supply and a big demand.


I agree that the good cars will hold there value, and knowledgeable buyers/sellers will pay for them. As far as the general population is concerned, I think there was a bit too much supply as alot of cars have changed hands over the last 3 years, and these are now waiting for the next lift in prices which may or may not happen.

I wouldn't count the muscle car out though. The New Challenger has attracted enormous attention and the new "Camaro" will be heavily marketed, so the muscle car is still very much in the public eye. If those prove to be as successful as the new Mustang, I am sure that will keep the original musclecars in voque for quite some time.

 

Oh shoot no 73's o No:

 

I guess people just don't realize how cool they really are.

 

Really??? Try buying a new Ferrari F430 spider...plan on spending 100K OVER list price just to get one. And people do it everyday!!!


I said "stabilize". Ferrari's are never cheap. That is the hype on a new desirable model. In comparison, I can't believe the overage is that much more for the new Shelby Cobra. Those are going 10-20k over list. And at the end of the day it is still a FORD and NOT a Ferrari. Totally different pedigree and the Ferrari buyer is probably not concerned with cost as much as prestige. Fords on the other hand, I don't have a good answer for why anyone would want to pay that much over list for a supercharged car! Blow 3 atmospheres into any comparable engine and you can make as much or more power. I guess they figure 30 years from now they will be worth 250k at Barret Jackson.

 

Guys

This has been the trend for years!!!! 70's Muscle car was a cheap buy i the 70's and 80's because of the gas price increases. Now the same thing is going on!!! I bought my 71 GS350 with a 4 speed with only 59k and no rust for $2,700 in the 1985 so what is worth today!!! I also just purchased a 2004 GTO - 6 speed with only 1,700 miles for less then $20k, never in inclement weather, future collector in time. Price of gas in the last 2 week has went down in my area almost 20 cents and continue to fall. So just give it time!!!!

George

 

I think "Eleanor" in the movie "Gone in 60 seconds" has done a lot for the prices and popularity of those 67-68 Mustangs, and the new one is a first class job and hit the market first (about the only thing Ford's done right in the last 15 years). Bullitt's car did same years ago. Red 442W30 in Demolition man...........makes you wonder about the Challenger from Vanishing Point (still like the original one best) and if that had any effect on the popularity of them when they took off to the stratosphere. Remember "Smoky and the Bandit"? Hertz agency in tri cities airport(Bristol/Kingsport/Johnson City) had 6 of them on their fleet right after the movie came out. Really boosted Firebird sales of even the "normal" ones. Course there was no competition then. Surprised noe of those Trans Am's are on that list. Then there's always the General Lee ........ ou:

I think it doesn't raise the level of popularity (or demand) of the people already into that brand, but brings it into the "desirable group" by exposing it to a lot more people. That brings new buyers in to it and does increase the demand.

 

I always think of the Eleanor in the original Gone in 60 Seconds.

The one that H.B. Haliki did! :TU: