ir3333
Well-Known Member
Do you think the market is currently soft / heading even lower?
Current musclecar market
- Thread starter ir3333
- Start date
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Yup.
Davco
Well-Known Member
buy the dip
Yes
Economy in general.... people are tapped out.
Real estate taxes > high, insurance > high, young people can't afford to buy a home, groceries > high, gasoline really not coming down.
Can't afford a house and next you can't afford to rent either. People not going out to eat like they used too.
Credit Card Debt per individual is at an all time high.
Brace for a housing market crash again like happened in 2008. Likewise the hot rod classic car hard assets are coming off their peaks now too.
Glad I did my playing around when I did. Like playing musical chairs, you want to have a place to sit down when the music stops.
Now ^^^ got the picture back up.
☆☆☆☆☆
Economy in general.... people are tapped out.
Real estate taxes > high, insurance > high, young people can't afford to buy a home, groceries > high, gasoline really not coming down.
Can't afford a house and next you can't afford to rent either. People not going out to eat like they used too.
Credit Card Debt per individual is at an all time high.
Brace for a housing market crash again like happened in 2008. Likewise the hot rod classic car hard assets are coming off their peaks now too.
Glad I did my playing around when I did. Like playing musical chairs, you want to have a place to sit down when the music stops.
Now ^^^ got the picture back up.
☆☆☆☆☆
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Dartsun
Mopar Dude
Yep I'm glad I refinanced the house when I did and just lowered my payment.
Sooo, Dusters that wouldn’t have gotten $50k a few years back are selling for $100k at auction, but the classic car market is soft?
Another Big Money Duster
Another Big Money Duster
There's a butt for every seat.
It's soft if I'm selling, and high if I'm buying.....
it's weird, i see high end stuff selling for big dolla dolla billz and i see the stuff that's "quite decent" in the 8~15K range moving pretty regular. but the cars that are "nice" but not show quality-- like "driver +" kinds of stuff that are 20~30 are just kinda stagnant. the 3~5K stuff is kind of hard to put a finger on the pulse of because you could get a runner or a straight up pile of parts in that range.
one thing is for sure, people are definitely unloading of late-- but it seems more like projects, "spare cars" and not really desirable stuff-- and they're all asking a MINT for it.
so i don't think the market is "soft" per se, but there's definitely been a bit of a correction.
one thing is for sure, people are definitely unloading of late-- but it seems more like projects, "spare cars" and not really desirable stuff-- and they're all asking a MINT for it.
so i don't think the market is "soft" per se, but there's definitely been a bit of a correction.
You can still find good, solid cars for 15K or under, but they are a lot fewer and farther between (and of course get snatched up faster) than a few years ago.
So, No I do not believe the market is particularly "soft", unless you think everything should be 30-40% more expensive than it was 4 years ago.
So, No I do not believe the market is particularly "soft", unless you think everything should be 30-40% more expensive than it was 4 years ago.
Not sure if the usa is the same but the Covid bubble has burt all our muscle cars went crazy high now its just leveling out. Also average guys cant afford them or to build them. Once built i think my one will owe me 70-100k thats not doable for average person. Panel beaters and engine shops just charge a fortune if you not going to do it your self etc. So cars that need work are less desirable unless prepared to get down and dirty
MMissile
Well-Known Member
Auctions are another dimension. Try selling those cars outside of those phony TV settings.
ir3333
Well-Known Member
Some high end cars are currently priced quite low. Other sellers who are happy keeping their car
are still holding out for top dollar. Older guys are getting out of the hobby and storage is also an issue
this time of year. Good time to buy!
are still holding out for top dollar. Older guys are getting out of the hobby and storage is also an issue
this time of year. Good time to buy!
So the Classic Car Market generally goes up and down with the Economy, but some cars will increase in value even during a Downturn. There are a few Mopars (Dusters-Chargers
) that are going up in Value, while some of the popular Chevys are going down
) that are going up in Value, while some of the popular Chevys are going down
Snake
Mopar Nut
I for 1 say no i have been on line every day and cars are still priced high.I blame Covid.
340sFastback
Well-Known Member
Seems like '68-'70 Chargers still face a supply demand problem none of those are cheap. '68 - '71 340 A Bodies seem to be going up all the time.
Most normal ppl yeah inflation is hurting them. But a lot of fat cats out there that have a blank check to write.
Most normal ppl yeah inflation is hurting them. But a lot of fat cats out there that have a blank check to write.
abodyjoe
Well-Known Member
i browse marketplace every day. prices do not seem to be coming down.. are they selling at the higher prices i really don't know.. if its actually soft its not all that soft.
abodyjoe
Well-Known Member
i've been hearingt hat for decades and the prices keep going up.
Ant
Well-Known Member
Gone are the days where I can look in a Classic Car Trader book a have some hope knowing I could save up and buy a classic Mustang, or a Bronco, or an old Chevy pickup, or even a nice VW Beetle. It's getting bad, if you go up north, people think that their rusted pile of junk is worth its weight in gold. I've seen some stuff priced pretty high which is just junk with a shiny paint that I wanted to call the sellers out on, but I think for the future I'll just make other people aware on the forums.
Depends on what mustang you want.
Early bronco has been the most outrageously overpriced classic for the better part of the last 5 years.
Shine is wearing off the square body chevy trucks an I'm seeing the 68-72's coming down as well.
I see a LOT of cool vws for what I'd consider a good deal lately.
You can get a really nice "non-premium" classic car for under 30K.
Early bronco has been the most outrageously overpriced classic for the better part of the last 5 years.
Shine is wearing off the square body chevy trucks an I'm seeing the 68-72's coming down as well.
I see a LOT of cool vws for what I'd consider a good deal lately.
You can get a really nice "non-premium" classic car for under 30K.
IDK about "all original", and IDK how much you want to spend on a bug-
14.5K
1966 Volkswagen Beetle for sale by owner - Sarasota, FL - craigslist
14.5K
1966 Volkswagen Beetle for sale by owner - Sarasota, FL - craigslist
Project cars going down in price, finish cars going up in price. There’s always the exception
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