Musclecar prices and the possible recession
Just curious what everyone's take is on the Coronavirus effect possibly pushing the US and China into a recession as the markets are reacting negatively. The oil markets this morning dropping nearly 25% as OPEC increases production. All this reduces comsumers disposable income and could impact the musclecar hobby, pushing prices lower. In know here in Houston the economy is tied to the oil industry and when oil drops into the $30 a barrel range, the big companies stop drilling and spending in the short term. This trend could continue for the rest of the year.
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70 Camaro LA Z-28 03B Citrus Green LT-1 M-40 3.73's
69 Camaro X-77 Z-28 10C Cortez Silver M-21 3.73's Deluxe Project X - SOLD
69 Camaro X-77 Z-28 01B Garnet Red w/Black top, M-20 3.73 Deluxe Houndstooth
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