future value of classic performance cars,when to bail out, before the crash?
We all love muscle cars/streetrods/ mopars, fords, chevys and all the rest. But the world is changing...and starting to leave us in the dust. When will it happen...who knows ? But chevy has made an electric camaro, dodge is working to electrifty the challenger. Like it or not , i's coming.
I'm not preaching doom and gloom. But just wondering how long before our 60's-70's performance cars loose there value ?
Who will want to buy the average muscle car when affordable gas is had to find or buy ?
I'm not talking about rare perfect mopars...but the cars that most of us own right now.
I have a 1933 DeSoto 3 window coupe with a 426 hemi. And have not driven it for some time. I think about selling it all the time...But I built everything. Frame/engine.trans.I built the complete car. I do not sell it because I still like the car. But I do not have plans to do the things it needs to make it a better car.
I look at it like cash in the bank...someday, when and if I sell it. Sell it to soon..for less money. Wait to long (hopefully a long time from now) and you may not be able to give an old internal combustion engine away.
At what point do you sell ? How long before the electric car crash...I'm sure a lot of you think that I'm crazy...But the day will come, when nobody would even call about the mopar that's in your garage...unless you've converted over to electric power.
Trust me I hope I'm long gone before things get that bad. But the world is changing. And it's not going to wait for us. There's an old saying "adapt - or die "
Does anyone else wonder how long before the bottom falls out for the values of our muscle cars ?
OK let me have all the smack talk. But if your honest with yourself, you know that the day will come when you think to yourself...damn, I should have sold my car about 5 years ago, when the prices were the highest that they ever were.
I did NOT read anyone else’s responses.
One important thing to consider.
Just exactly like the cycle of clothes and hair cut fashion, WE (ALL OF US) have witnessed the rise and fall of the very first era hotrods: the T-buckets and those ERA OF HOTRODS.
Once the majority of the people that held those very specific cars close to their heart passed on, THE BOTTOM DROPPED OUT OF THE MARKET.
Now with that being said-
The muscle car and classic car market did not hit the American culture in between a generation, nor did it last the same (maybe not even as long as the aforementioned vehicle culture).
BUT.
There are only so many classic cars, they are dying & crashing off as fast the WW2 vets have been in the last 20 years....-
More classic muscle has been available with greater after market support for anyone to pickup the hobby than ever before.
The muscle car/classic car culture expands over TWO GENERATIONS. (I am the second gen at 43 that rode in those cars as a kid-I saw street freaks, the huge lull of people moving on, not caring about classic muscle-
And then my generation, along with our parents/grandparents/uncles/etc. developed the resurgence or second wave of popularity starting in the 90’s and still going through more generations.
Do millennials like classic muscle? Maybe a tick under half of them or less. But there will be a third wave of enthusiasts.
Parts availability and the economy are the greatest detriments to our hobby.
We are not driving Kaisers and other rare makes, and we are not driving the belly-button old Chevy or mustangs.
That makes us unique, harder to find parts for (than the aforementioned hobbiests), which often comes with greater appreciation. Someone here on another thread boasted how their 4 door a body got ‘way too much attention ‘ around the hemi-convertible-super-duper-Daytona-bird-cuda’s-9000’s at the car show because people connected to the car. THAT 4 DOOR was what they grew up in.
Perhaps judge when to get out by the attendance of car shows for our Mopar.
Long before we all get tapered into a Chevy-Ford-Mopar classic car show would be an obvious time to be out of the hobby for money. Or when companies like Gateway classics quits selling these cars.
