current muscle car values

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ir3333

ir3333

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According to Hagartey's latest market sales... prices for muscle cars are at a 5 year low.
Just another cycle or a permanent downward trend this time..your thoughts?
 
i'm not in it for the $$, other than what i spend, so would be a good thing if i was looking. however, high prices for the cars probably help encourage vendors to repop parts. if no one is buying and restoring, parts might dry up too
 
Just like land, it goes up and down at times but always ends up higher as time goes by.
 
Good if you're buying, bad if you're selling. History repeats itself, just don't bust out your platform shoes and cuffed bell bottom pants!
 
ir3333 said:
According to Hagartey's latest market sales... prices for muscle cars are at a 5 year low.
Just another cycle or a permanent downward trend this time..your thoughts?
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well, considering economic experts are predicting a recession, its not a wonder that hobby spending and thus values are dropping. Similar thing happened in both 2000 and 2007 right before those recessions. it'll go back up eventually.
 
kursplat said:
predicting or trying to encourage?
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probably a little of both. The fundamentals do support such a prediction but I think there's some pushing towards it going on too.
 
dukeboy_318 said:
probably a little of both. The fundamentals do support such a prediction but I think there's some pushing towards it going on too.
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eventually there will be one. the unknowns are when and who will be able to blame who for it. want to be recession proof, have skills and cash
 
There was a thread like this last year maybe. Interesting topic, and this is how I remember the outcome to a lot of replies.

Most all of us are hobbiest, and we are also playing with the basically less expensive and less sought after models. We tend not to care that much about value at sale time. Hobbiest. Problem is most guys tend to think they can not get their $ back at sale time. Usually they are right. But they sell for what they will bring, the seller! and we the enthusiasts (buyer) in this place, tend to not want to pay for anything really!! Dispute me if wrong.

It is a hobby and they costs $$$.

I still believe the slump in our old classic Mopar prices are a direct reflection of the trend toward modern muscle. Many hobbbist have a new ish Challenger and a classic or 2 or 3. That takes buyers out of the market to some extent, and funnels interest into that new modern toys also.

The new muscle has an audience that is younger than the average classic car guy. The younger crowd loves technology, loves modern, the most do not relate to thee old classics like the older crowd. They are soft. Likes a good seat. Look at how many people restoeing a 60's Mopar, will change the seats over to a modern seat!!?

I see prices better (somwhat higher) with the Ford and GM crowd, and in general they are a different duck also. A GM bud that has flipped high end Chec for 30 years but occasionally dabbles in Mopar, recently told me "Mopar people are anal!!". What meant was he could seel 10 Gm classics for more $$$ while trying to sell 1 Mopar, and not have everyone picking it apart, finding a millions reasons and excuses why do to buy, etc etc.

I buy projects because I like to build them, I buy models I like and no one else maybe likes, don't care. I retired poor and can't afford a $8000 69 G code Charger project, I only require that when I sell, I get my $$ back I put in, never mind I can not generally get paid 5 cents per hour for my work!!!

It is my hobby.
 
TrailBeast said:
Just like land, it goes up and down at times but always ends up higher as time goes by.
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I used to think that, but I don't think it's actually correct.

Growing up, we had a neighbor across the street who was into the model T stuff and really, all kinds of stuff from that era. We always went over when he was getting ready for parades and the like. Cool guy. He said these are my toys, not investments for my kids and grandkids. I thought that was weird.

About 10 years ago, the oldest son died so the grand kids were at the house with the two sisters and the younger brother (the aunts and uncle if that's making sense).

Anyway, they had kep all the cars...11 in all, all from that era. They were donating most of them to various museums and things like that because they said they had very little real value. I was a bit taken aback by that.

Then I realized that those cars were for a different generation. I love the history and such, but it's not what I'm into. Nor what most of the people I know are into.

As the generations pass away, the value goes away because there is no link to that stuff.

As we get older, people come along who didn't grow up in the muscle car era, so it means little to nothing to them. That's when the value ones down. In a hundred years, I think most of what we like will have little value other that museum pieces.

And with the current situation where all the kids have been brain washed into thinking we humans are killing the planet, they'll probably be considered criminal by those later generations.
 
I always thought it was funny people always talk about the recession in 2008 but I am so poor I never noticed nothing for us poor folks change we just continue to get poorer as the prices increase just gotta learn to spend on what's important cars guns and food!! Haha
As for the car market I think the values are going down mostly because muscle cars are not as high in demand as they once were. The younger folks are more into super cars and imports. Gtr's, supra, coyote mustang's , nsx , Corvettes etc are all the rage now. That's fine with me tho. I hope the prices keep dropping I'd love to be able to afford another one soon. Before all these dickwads on Facebook part them all out. I hate that crap. I saw a guy the other day had a perfectly good drivable running 74 scamp and he would not sell it but he chopped it up and sold it for parts. :BangHead:
 
the newer muscle cars have an effect also . you can get modern muscle for around the same $$$
 
jimjimjimmy said:
the newer muscle cars have an effect also . you can get modern muscle for around the same $$$
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which is why i'll never get myself another car built after 74'. if i'm going to spend that much i might as well get and build something i like
 
It's JUST like Harley's.

#1. the people that watched Easy Rider in the theater are dying off, as are people that watched Two-Lane Blacktop in the theatre. These are the people that are spending megadollaz trying to get their elusive youth back. Priced a Delorean lately? It's just begun for them, and they travel through time!

#2. People are realizing that a '70 Hemicuda ain't a million dollar car, just like a HD ain't a $25k bike. So they unload it. Priced sportsters lately? I predicted this years ago.
And then this makes other people unsure of their investment, so they unload that, and the market unfurls quite a bit. When people start buying them as an investment instead of a passion, that's when the fun ends. When people start waking the F up and unloading their overpriced stuff, that's when the hobby ends. Expect repro parts to dry up, too. Because at that point, it just isn't cool anymore and people have to buy other things to feed their egos.

Musclecars will be a niche thing, relegated to museums and history books in 30 years. Ask yourself, where have all the model T's gone? Where are the model T enthusiasts? They were a thing in the '50's, when people that were 20 in '20 thought they were nostalgic. I met a few guys in the '80's who were in their '80's that had 'em, but they're mostly drying up and VERY few twenty year olds today give a damn about them, at all.
 
For the most part today, the Model T and A are the fuel that feeds the hotrod hobby today. If you find a decent body they are cheap because really all you are buying is a 100 years old body. Not everyone will find and be able to buy a 32 Ford Roadster project or finished car. They are still people building these hotrods but way more people buying a modern Challenger, Stang, Camaro,(Cor) Vette, etc. Like aid, not everyone today connects with American Graffitti.

And what is col today might not be so cool tomorrow. Younger guys are buying 60's, 70's Chevy pickup for affordable projects. Supply,demand, look for those to keep getting higher. Not every millenium wants a Toyoto Supra. Yep cycles.

Look at prices at BJ and the auctions of resto mods. Half the classic cars there are reto modded!!!! The average price of high end classics keeps dropping in their OEM restored state. Changing trends keeps the parts houses and the resto rebuild resto shops going!!!!????
 
It may currently be a buying opportunity! i think these cars will continue to have up and down cycles with the long term trend going down as the older guys leave the market.This makes it increasingly affordable but resale will be affected as well.
 
Weather you like it or hate it, the Diesel Vin and fast n furious franchise has made older muscle cool and desirable to young people. These cars are approaching 50 plus and over 50 years old and still have a following. People are still fixing up what used to be stripped out parts cars. The reason stock restored model Ts and As are dying out is they cannot be driven at freeway speeds. Muscle cars can do freeway speeds plus some, and people are updating em with EFI and other modern stuff. This stuff will be popular long after I am dead and gone.
 
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The true value of any classic car it to get in it & drive it as much as possible.

THAT value never goes away.
 
I've notice many of the re-pop parts have gone up. And some don't seem to be available anymore.
Value's who knows I have been saying for a while they would drop. But they still seem pretty good.
 
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