Muscle car values and prices

[jer]

Myself, I suck at market predictions and don't care too much. I'm an enthusiast and for me, I could take advantage of the market in either direction. I also see the value of elevated pricing, as it ensures interest, granted it takes some away from the those who kick tires and gives it to those who store and flip.
What I'd love to see is more on the road, I'm doing my part....
Also, my age, 57, and early retired, I have buying options that can either tax some of my time or make the most of it. Meaning, large items of luxury usually require long term residual costs, upkeep, security, storage, and insurance....all are negatives as I'm trying to focus my time.
So, if I had no classic cars at this time in my life, I'd be a buyer, no matter the market. But since I've got a few, I'm more about selling to better focus my time. That probably means selling a few then purchasing a "bucket list car".
My buddy just bought a '67 xke that he'd wanted since high school...hooray!! This may be an explanation to why the elite cars fare well during a bear market??

[black69]

my 2 cents are this: I am from Chicago area, and still live here, and when living in silicon valley for a while with start-up life, I rode house prices up and down. Many said house prices would never keep climbing, but they did. So there's that: MORE folks were WRONG than right. It always made me think where is all this money coming from. So now apply that to muscle cars, I think you just have to stomach that money is out there and not all of us know the conditions people have it to buy. I do think most are living pay check to pay check, maybe using home equity loans a bit too much, or inheriting money. But to predict prices will fall is likely NOT a certainty as there are plenty of examples out there that defy that. I do thank bring a trailer prices as it helped me convince my wife to let me buy my neighbor's 68z last winter.

[the427king]

"There's so, so much money out there and people are spending it fluidly. I'm not sure where it's all coming from, but it's there."...

Its coming from the printing presses.

[Lee Stewart]

The Muscle Car Market is a very dynamic one. So many factors are in play as far as the value of a particular car. All you need are two people that want the same car to drive the price into the Stupid Money category.

Where's all the money coming from? Day Traders and Short Sellers. They can make $100K and more in a single day. Take the wind fall and buy something you want.

Quality cars will always bring big dollars. It's the next level down where the problems and issues arise. There are too many people in the market who are rip off artists. And like always, buyers are not using logic (get someone who knows the car you are interested in to inspect it) but their emotions. Money is burning a hole in their pocket.

People think nothing of getting a house they want to buy inspected. It's literally a requirement. Nobody wants to get stuck with a bad foundation. But when it comes to buying a muscle car - shiney takes over. Lift the hood - everything is clean and organized. Forget the fact that the Master Cylinder is incorrect or the Brake Booster is a Chinese sub. It looks new!

[William]

Originally Posted by Lee Stewart

People think nothing of getting a house they want to buy inspected. It's literally a requirement.

Not always. I listen to The Fixit Show on talk radio Saturday am. The often have licensed inspectors on. They are disturbed by the number of buyers that agree to waive the inspection requirement.

Whenever the recession hits, there will be many people not only upside down due to paying over appraisal, but in properties having defects. Wouldn't be the first time the Saving & Loan industry allowed that to happen.

[markinnaples]

Originally Posted by William

Not always. I listen to The Fixit Show on talk radio Saturday am. The often have licensed inspectors on. They are disturbed by the number of buyers that agree to waive the inspection requirement.

Whenever the recession hits, there will be many people not only upside down due to paying over appraisal, but in properties having defects. Wouldn't be the first time the Saving & Loan industry allowed that to happen.

Things are different than they were from the 2006+ housing bust. Overstated appraisal values may occur, but for the most part, the newer lending requirements will have prevented a lot of the things we saw in the late 2000's. Entirely different circumstances.

[napa68]

People are still paying great money for great cars........

https://bringatrailer.com/listing/19...-corvette-179/

[Mr70]

Lots of people cashed out & left the Crypto mkt too................lots.

[olredalert]

Originally Posted by napa68

People are still paying great money for great cars........

https://bringatrailer.com/listing/19...-corvette-179/

----Must be something wrong with my eyes, but that interior looks as black as can be. I know, I know, the trim says blue, but just look at the pics!!!.....Bill S

[TDW]

I received this from Hagerty yesterday. They seem to think my cars are going up in value. Both of these cars can be seen in the old "members rides" section here.
We're seeing values rise on vehicles like yours
Our team of valuation experts recommend increasing the values on these vehicles
Vehicle Current value New value
CHEVROLET NOVA SS $40,000 $55,000
FORD 2DR SEDAN $75,000 $90,000