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Car Forum / Ford / Ford Mustang / September 2006The bottom dropping out of muscle car market.
Interesting commentary... --- The musclecar market is indeed in for a serious "correction." And the losers will be the big shot money boys that are willing to pay $4,000,000 for a 1971 Plymouth. Yeah, I know....hemi....convertible. Bear with me a second....a rattling, leaky, uncomfortable "E" body 'cuda, with a pain in the butt, never wants to run hemi. Yeah, that makes sense. For the record, the reasoning behind the 440-6 barrel was to run like a hemi, but actually behave. Hmm. Anyhow, these big money guys can afford to lose it. I have been involved with showing older Mopars for many years,and have seen the car hobby change. Since the late 1980s, I have seen cars of the '30s, 40s, and 50s drop in interest...and also value. The local show scene has evolved into a SEMA show of modified Hondas. At most local open shows, class 1 is now designated as "Cars, Up to 1955." Usually, there are 2 cars in this class. The people that remember these cars, are either too old to care, or sadly are dead. The next generation could care less about the vintage USA iron...they want imports. Supply and demand comes into play, and eventually it will be a buyers market for USA muscle. There will always be exceptions, and there are some younger folks that like the older cars...but by and large, it's gonna change...and the winner will be the guy that sat it out and waited. One really sad part is that the hyped B-J auctions have inflated values so badly, that even parts have gotten out of the reach of the average guys that want to have an older car. These are the backbone of the hobby...not the big shot investors. When these little guys can no longer afford it...they move on. I know many guys that have moved on to modern Mustangs as parts became too expensive to buy. Matt Morris Bucks County, PA --- Patrick The baby boomers are driving the retro themes and 1960's early 1970's muscle car values. When they are finally taking a dirt nap I think the bottom will fall out of the vintage muscle car market. As for parts being too high for the average person, it depends on what parts you are talking about. A water pump for a garden variety 302 in a garden variety 1970 Mustang is very affordable. Now a cylinder head for a Boss 302 is a pricey item or a block for a SOHC 427 will require two arms and a leg up to the knee. ;) > Interesting commentary... > [quoted text clipped - 35 lines] > > Patrick > Interesting commentary... > [quoted text clipped - 35 lines] > > Patrick One big problem. Gutting decent E-bodies with 340s and 383s and installing crate Hemis that push the value of the clone to over $100k. They will regret at some point having molested original cars. This will (I think) lead to a major market for matching of engines to original cars, though I don't know if actual engines can be matched to the same bodies they came in, except in specials like the AAR, T/As, etc. > Interesting commentary... > > --- > The musclecar market is indeed in for a serious "correction." So very true, and history repeats itself again. A few years back, you couldn't touch a shelby cobra for less than $1M; more if it had a racing history. The dot-com'ers and new rich had a lot of money to throw around and drove the prices up. Companies like Barrett-Jackson rode the wave, and smart car buyers waited it out. Those same cars are selling for half that just a few years later. Over the last couple of years, the Mopar market has done the same thing. It's going to topple just any day, and follow the same pattern. Those who refuse to study history....... If I could only figure out what car would be next, I could be one of the new rich. I swear that '72 Gremlin is going to be worth money some day.  Signature.boB Arrived: 2006 FXDI, Red. 1997 HD FXDWG - Turbocharged Stolen 11/26/05 in Denver 1HD1GEL10VY3200010 CO License J5822Z 2001 Dodge Dakota QC 5.9/4x4/3.92 1966 Mustang Coupe - Daily Driver 1965 FFR Cobra - 427W EFI, Damn Fast. >> Interesting commentary... >> [quoted text clipped - 15 lines] > If I could only figure out what car would be next, I could be one of the > new rich. I swear that '72 Gremlin is going to be worth money some day. drop a big V8 into the Gremlin, like Jay Leno did. "Sampan Touk" <nospam@nospam.com> wrote in news:45133876$0$97261$892e7fe2 @authen.yellow.readfreenews.net: > drop a big V8 into the Gremlin, like Jay Leno did. You could get it with a 343 V-8 stock. I think the next big interest will be the Pinto. I have one, and they are as rare as hen's teeth any more. People are always staring at it, and some come up and say, with that dreamy look in their eyes, "My first car was a Pinto. I envy you. That was a great car." Rust took a lot of them, smog took even more, and dirt track racers finshed them. I have only seen 2 on the road around here the last 2 years, besides mine. >"Sampan Touk" <nospam@nospam.com> wrote in news:45133876$0$97261$892e7fe2 >@authen.yellow.readfreenews.net: [quoted text clipped - 11 lines] >them. I have only seen 2 on the road around here the last 2 years, besides >mine. Couple of weeks ago I had the Mustang (fastback) in to have the posi unit checked. When I dropped the car off the mech told me he also had a 66 coupe a woman was bringing in. Went back later to pick up my car and the mech told me this woman was drooling all over my car, asking him what kind of car it was and all. He told her and she said she had never seen one before. Falcons were nice. -- Spike 1965 Ford Mustang Fastback 2+2, Vintage Burgundy w/Black Std Interior, A Code 289 C4 Trac-Lok; Vintage 40 16" rims w/225/50ZR16 KDWS BF Goodrich gForce Radial T/As, Cobra drop; surround sound audio-video... See my ride at.... Feb 2004- http://207.36.208.198/albums/86810/003_May_21_3004.jpg Feb 2004- http://207.36.208.198/albums/86810/005_May_21_2004.jpg Jul 2005- http://207.36.208.198/albums/86810/davescar_7_11_05_002.jpg Jul 2005- http://207.36.208.198/albums/86810/Engine_rebuild_006.jpg >> Interesting commentary... >> [quoted text clipped - 14 lines] >If I could only figure out what car would be next, I could be one of the new rich. I >swear that '72 Gremlin is going to be worth money some day. The Pacer :0) or the Yugo LOL -- Spike 1965 Ford Mustang Fastback 2+2, Vintage Burgundy w/Black Std Interior, A Code 289 C4 Trac-Lok; Vintage 40 16" rims w/225/50ZR16 KDWS BF Goodrich gForce Radial T/As, Cobra drop; surround sound audio-video... See my ride at.... Feb 2004- http://207.36.208.198/albums/86810/003_May_21_3004.jpg Feb 2004- http://207.36.208.198/albums/86810/005_May_21_2004.jpg Jul 2005- http://207.36.208.198/albums/86810/davescar_7_11_05_002.jpg Jul 2005- http://207.36.208.198/albums/86810/Engine_rebuild_006.jpg > Interesting commentary... More... Demographics is destiny. The stretch from 1946 to 1965 produced the largest lump of kids, teenagers, twenty-somethings, middle aged adults and eventually senior citizens than this country has ever experienced. All hail the Baby Boom Generation. Its size, voracious hunger for consumer goods and the high-life has been propelling the world economy forward for thirty years. In the process, they have driven up the prices of all kinds of assets, from houses and stocks to muscle cars. Being a somewhat self-absorbed and self-indulgent cohort, the boomers decided to have fewer offspring than their parents in order to have more to spend on themselves. This makes boomers a lumpy demographic that will require goods and services from a less populated younger generation. With a rapidly approaching boomer winter, all the nuts they've stored in the form of houses, stocks and muscle cars will have to be sold. This brings on the demographic conundrum. Sell to whom and at what price? Rudimentary economics suggests that with the supply of boomer things being unloaded to a smaller group of tentative buyers that prices must adjust downward in order to facilitate the transfer. This does not bode well for the prices of muscle cars. If there are boomers planning on funding their retirements with continually escalating prices, they had better find the next greater fool as fast as they can at the next Barrett-Jackson auction. TNB Baton Rouge, LA ---- Patrick Who are you and how old are you? If the value of cars go by the demographics of the people who lived when they were new, please find me an auto in good condition from the teens. 20's or 30's for about $5k. I think most of those people no longer care about keeping such things. I would appreciate you sending me such a list. Old Ford T's and A"s would made by the millions but I can't seem to find one for a song. >> Interesting commentary... > [quoted text clipped - 31 lines] > > Patrick
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