What do you think the future holds for the classics in value and demand
when gas tops $3, $4 or $5 per gallon? If we are indeed near or past the
peak oil and are headed in another fuel direction in the next 15,20,
plus years, will a majority of these cars drop substantially in demand
(and value)? Given that there would be a diminished market that can
afford to operate these cars will there be a glut of desirable cars and
thus a buyer's market?
Here's waving to ya - \||||
Owen
___
'67BB & '72BB
-- not affiliated with JLA forum in any way -- alt.autos.corvette is
original posting --
___
"To know the world intimately is the beginning of caring."
-- Ann Hayman Zwinger
Jason - 23 Aug 2005 13:31 GMT
If you have been following the fuel mileage thread, you noticed that the
newer Corvettes are actually economy cars averaging nearly 30 MPG on the
highway. If anything, this should boost their value.
Jason
Pewter 2001 C5
> What do you think the future holds for the classics in value and demand
> when gas tops $3, $4 or $5 per gallon? If we are indeed near or past the
[quoted text clipped - 17 lines]
> "To know the world intimately is the beginning of caring."
> -- Ann Hayman Zwinger
sbright - 23 Aug 2005 13:56 GMT
Even the C5's will give 18-19mpg city. I think that's better than a lot of
Kia's and Hyundai's out there...
-Stan
> If you have been following the fuel mileage thread, you noticed that the
> newer Corvettes are actually economy cars averaging nearly 30 MPG on the
[quoted text clipped - 25 lines]
>> "To know the world intimately is the beginning of caring."
>> -- Ann Hayman Zwinger
Dad - 23 Aug 2005 14:10 GMT
> What do you think the future holds for the classics in value and demand
> when gas tops $3, $4 or $5 per gallon? If we are indeed near or past the
[quoted text clipped - 8 lines]
> Owen
> ___
It may be a very long time before that happens, as they go up in value they
are driven less and most are trailer queens. There may be some very slight
market adjustments for those that think they are investments but that will
be very slight. They become possessions not cars to be driven. Look at how
many think of the Corvette like that now, some just sit at the shows and the
owner thumps his chest, what a shame. Even my '72 is driven for the fun of
driving it, not to a show (off) for other people to see. To each his own.
Nothing beats the sound of the 4 barrel opening up when you hit it in second
gear or seeing triple digit speeds.

Signature
Dad
05 C6 Silver/Red 6spd Z51
72 Shark Black/Black/4spd
Fred C. Dobbs - 23 Aug 2005 14:49 GMT
>What do you think the future holds for the classics in value and demand
>when gas tops $3, $4 or $5 per gallon? If we are indeed near or past the
[quoted text clipped - 17 lines]
>"To know the world intimately is the beginning of caring."
> -- Ann Hayman Zwinger
The money I save on buying my diminished value corvette will buy a
lot of gas. I do not drive it every day in a commute. For that I have
a Mini Cooper. Either way I have fun.
Fred
Bob G. - 23 Aug 2005 21:11 GMT
>What do you think the future holds for the classics in value and demand
>when gas tops $3, $4 or $5 per gallon? If we are indeed near or past the
[quoted text clipped - 10 lines]
>
>'67BB & '72BB
============================
Increased Gasoline prices will have absolutely no effect at all ...
on either the demand or the value of ANY Collectable Vehicle...
Honestly none of my Corvettes ARE COLLECTABL:E...just not that rare
Collectable Vehicles normally sit in a garage anyway... with the
biggest costs going for Insurance and Wax... or an encl;osed trailer
to haul it across town...
Going to make the Round trip up and back to Carlisle later this
week... about 160 miles per day so I'll put close to 500 miles on it
this weekend... most highway miles so I figure I will buy 30-40
gallons of Gasoline at 2,87 per gallon..
DAMN CHEAP FUN ...
Bob G.
Barking Rats - 25 Aug 2005 07:09 GMT
> Increased Gasoline prices will have absolutely no effect at all ...
> on either the demand or the value of ANY Collectable Vehicle...
[quoted text clipped - 13 lines]
>
> Bob G.
Bob, I'll pick on you since I feel I can given the sawdust in our hair...
The replies sound like folks are only looking at the short term effects
of higher fuel prices. What happens in 10 years? or 20 years? 40 years?
What happens when petroleum-based fuel is no longer used for personal
transportation?
When will gasoline burning cars become similar to the film cameras of
today's digital world? The typewriters of a decade ago? Or the horse
buggy of a century ago? Everyone had these things - they were a part of
everyday life - but better technology came along and each product's
reign ended rather abruptly.
You may count me as supremely selfish, but I'd hate to be hanging on to
a desirable, increasing in value item today that will be rendered
practically unusable by a technological advance within a very short span
of time from becoming widely available.
Do you think gasoline will become unavailable for a reasonable price in
the next 30 years? Do you think these cars will become door stops
because there aren't enough people that can afford boutique gasoline?
Are the only cars worth keeping going to be the ultra-rare, 1 of 25
produced that end up in a museum somewhere?
As much as we may wish not to believe it, Corvette "collecting" is not
even in the ballpark of true automobile collectors. Those folks are
looking at $1/4 million and up, super rare, one-of-a-kind cars. There
are only a handful of Corvettes ever produced that would meet this
criteria. The rest of us are relying largely on folks of similar
socioeconomic states as ourselves to buy these cars to keep the value
climbing. What's the upper price limit for gasoline to run these cars
for people like us? In other words, when does the cost of ownership
exceed the perceived value?
Here's waving to ya - \||||
Owen
___
'67BB & '72BB
-- not affiliated with JLA forum in any way -- alt.autos.corvette is
original posting --
___
"To know the world intimately is the beginning of caring."
-- Ann Hayman Zwinger
Dave in Lake Villa - 25 Aug 2005 12:45 GMT
'What's the upper price limit for gasoline to run these cars for people
like us? In other words, when does the cost of ownership exceed the
perceived value?
Here's waving to ya - \||||
Owen
___'
REPLY: Good question Owen . I think the answer can only be in 'the
wallet' of the beholder. I hope , gasoline would have to get VERRRRY
high in price before people would stop entertaining purchasing high
performance classic cars.
lab~rat - 25 Aug 2005 14:31 GMT
>> Increased Gasoline prices will have absolutely no effect at all ...
>> on either the demand or the value of ANY Collectable Vehicle...
[quoted text clipped - 47 lines]
>for people like us? In other words, when does the cost of ownership
>exceed the perceived value?
I think that a lot of people will hold on to cars because of their
historic value, but I think hot rodders that like to drive their
vehicles will yank the engines out, store them, and find a way to
retrofit tomorrow's technology between the fender wells of their
classics.
How does a fuel cell C2 sound? To me, not bad...
--
lab~rat >:-)
Do you want polite or do you want sincere?
Dave in Lake Villa - 23 Aug 2005 23:30 GMT
'What do you think the future holds for the classics in value and demand
when gas tops $3, $4 or $5 per gallon?'
REPLY: For collectable Classic Corvettes, i dont think gas prices will
matter at all because collectable Classics are hardly ever daily
drivers. I have a 1970 454 (built up) Corvette , 4 speed , T Tops,
totally restored... which is highly collectable....and it gets 12 mpg
around town/14.5 on the highway -- i drive it no more than 2500 miles
per year / never in the rain/ and only between APril thru Oct. Id
imagine most people interested in buying it down the road, would do the
same.
Bob G. - 24 Aug 2005 15:46 GMT
>REPLY: For collectable Classic Corvettes, i dont think gas prices will
>matter at all because collectable Classics are hardly ever daily
[quoted text clipped - 4 lines]
>imagine most people interested in buying it down the road, would do the
>same.
======================================
Just curious...
I sure do DO NOT WANT to "piss" you off ..HONESTLY...
But why or how is any 1970 Coupe .. ( HIGHLY ) ... Collectable...?
Damn nice car for sure, and one I would be very happy to own...
I would call it HIGHLY Desirable !
Is it even a Collectable...? not alone a highly collectable car?
Guess what I really want to ask is how do we define a Car as
Collectable...?
I do share your driving habits however...gareage doors open on April
Fools day each years and I drive mine thru TURKEY DAY (Thanksgiving)
Bob G.
Dave in Lake Villa - 24 Aug 2005 18:44 GMT
'I sure do DO NOT WANT to "piss" you off ..HONESTLY...
But why or how is any 1970 Coupe .. ( HIGHLY ) ... Collectable...? Damn
nice car for sure, and one I would be very happy to own... I would call
it HIGHLY Desirable !'
REPLY: 'Highly desirable' and 'collectable' are semantics. If its
highly desirable , then its going to be something that qualifies as
collectable . Its desirable because: 1. Early C3's are far more
reachable (in price) than late C2's are 2. "Early" C3's are the last
of the true performance C3 era Vettes...especially those with big block
motors with 4 speeds and 370 rears . 3. Early C3's have escalated in
value quickly (mine has doubled in price in the last 8 years ,
conservatively) 4. Early C3's are from the Baby Boomer era and many of
these middle -aged folks can well afford a performance car that they
grew up around/or once owned .
'Is it even a Collectable...? not alone a highly collectable car?'
REPLY: The 454 motor (alone) in an early C3 vette jumped 35% in value
in 'ONE' year according to Corvette Fever mag. spring 2003 issue.
'Guess what I really want to ask is how do we define a Car as
Collectable...?'
REPLY: 1. Do people 'want it ' 2. Was it a relatively low production
car with its motor and options 3. Is it a good investment 4. Is it
something that brings warm fuzzy feelings cause you grew up in that era
5. Is it a piece of Americana . 6. Does it go rumpity, rumpity,
rumpity rump 7. Do u have to go to the Chiropractor for a neck
adjustment each time you floor the gas pedal .
'I do share your driving habits however...gareage doors open on April
Fools day each years and I drive mine thru TURKEY DAY (Thanksgiving)
Bob G.'
REPLY: Then is should last a long time , stay in good shape, and
steadily increase in value .... all while you enjoy it immensely .
Essentially, you are owning it and driving it 'for free' , due to the
appreciation its bringing.
Flakey714@aol.com - 24 Aug 2005 19:18 GMT
Dad - 25 Aug 2005 02:33 GMT
>>REPLY: For collectable Classic Corvettes, i dont think gas prices will
>>matter at all because collectable Classics are hardly ever daily
[quoted text clipped - 22 lines]
>
> Bob G.
Fully one third of the 70 Corvettes were 454 and not much on the collector
side of the coin. Now if it were a ZR1 with the M22 tranny which added
$1,000 to a $5,000 car you are starting to get very collectable. That might
be because there was only 25 built.

Signature
Dad
05 C6 Silver/Red 6spd Z51
72 Shark Black/Black/4spd
Dave in Lake Villa - 25 Aug 2005 12:39 GMT
'Fully one third of the 70 Corvettes were 454 and not much on the
collector side of the coin. Now if it were a ZR1 with the M22 tranny
which added $1,000 to a $5,000 car you are starting to get very
collectable. That might be because there was only 25 built.

Signature
Dad'
REPLY: 'Motor production quantity' for any given year, isnt the only
thing that makes a car desirable / collectable. Theres more to it that
ive already mentioned. Already, virtually any 1990's C4 ZR1 is
desirable to own .... and they have ' 100% ' same motor production
quanity. Same for the Callaways motor.