Has the world gone mad? Car prices...

[x33rs]

Honestly doesn't seem like a ton of money to me for something like that.

I mean if the car is as presented then in my opinion it's right in the ball park providing the reserve is say.....$48-50k??

The way I look at it, I see base model cars sell for $30-$40k that technically aren't even muscle cars. Cars like 307 camaros, or like the 68 firebird with a 350 in it currently on ebay, bid to like $25k right now and reserve not met on that one. Really? It's just a base firebird with no options, other than a stick poking through the floor it has no appeal. My opinion that one is already beyond the money it's worth.

For my money, I'd rather have a real muscle car, and the prices I'm seeing for base model stuff, it's not much more to get into a real muscle car. $50k for a 70 SS 396 does not surprise me. Step up the engine option in these cars and the price can more than double.

[BLACKLS5]

Originally Posted by x33rs

Honestly doesn't seem like a ton of money to me for something like that.

I mean if the car is as presented then in my opinion it's right in the ball park providing the reserve is say.....$48-50k??

The way I look at it, I see base model cars sell for $30-$40k that technically aren't even muscle cars. Cars like 307 camaros, or like the 68 firebird with a 350 in it currently on ebay, bid to like $25k right now and reserve not met on that one. Really? It's just a base firebird with no options, other than a stick poking through the floor it has no appeal. My opinion that one is already beyond the money it's worth.

For my money, I'd rather have a real muscle car, and the prices I'm seeing for base model stuff, it's not much more to get into a real muscle car. $50k for a 70 SS 396 does not surprise me. Step up the engine option in these cars and the price can more than double.

I guess in the grand scheme of things there are worse cars for the money but 50K for a L34 automatic? To be honest I like cars like this that look presentable and can be driven but close to 50K is an eye opener for me. Makes me think I should sell a couple off and reload when the market corrects itself. IDK...

[x33rs]

Originally Posted by BLACKLS5

I guess in the grand scheme of things there are worse cars for the money but 50K for a L34 automatic? To be honest I like cars like this that look presentable and can be driven but close to 50K is an eye opener for me. Makes me think I should sell a couple off and reload when the market corrects itself. IDK...

I guess it's all how you put things in perspective. When I see base model cars like a clean 307 camaro grab over $30k I just view a real muscle car like this 396 Chevelle (L34 or not) as a better bargain.

I think it's more crazy people pay $30k and up for a base model run of the mill car just because it's a 50 year old classic. So it doesn't make sense to me that the same people that go nuts over a clean 2 barrel nova or camaro feel that a real SS 396 Chevelle, a factory black car no less, shouldn't be more money.

I agree it's an eye opener, and 20 years ago I would have never thought I'd have to pay $50k for an SS L34 Chevelle. But it seems everything, even the stuff we'd consider cheap $5 or $10k cars with smog engines is now priced 3 times that, so it only seems natural the real muscle cars, even the L34 Chevelle that I'd consider a base muscle car for that model should also go up in price.

[seventieshow]

Stock market gains are at least some of it. S&P up 700 points or so in a year. 500K in an IRA that's a pretty good gain. If you are old enough for RMDs and don't need the money might as well buy something.

I'm sure there are other, maybe many factors, but I'll bet this is at least one.

Barret Jackson Las Vegas is next week, I'll go if I can get off work. To look (and eat and drink), not buy lol.

[the427king]

Its called inflation......the 47k he wants for a 70 chevelle will buy 25k worth of groceries at last years prices...

[Bill Pritchard]

You wanna talk crazy money for a 1970 Chevelle? How about $165K for a bench seat, column automatic 350hp 396?

https://www.barrett-jackson.com/Even...-SS-396-244568

[RPOLS3]

Originally Posted by Bill Pritchard

You wanna talk crazy money for a 1970 Chevelle? How about $165K for a bench seat, column automatic 350hp 396?

https://www.barrett-jackson.com/Even...-SS-396-244568

With a Chinese booster too.....

[Bill Pritchard]

Originally Posted by RPOLS3

With a Chinese booster too.....

That probably held the bidding back another $5K.

[frankk]

Has the world gone mad? Already there and coming back the other way

[mprice]

I also believe the pay roll protection money has been a major factor in the recent prices. If you watch the auction I would say about 70 percent of the buyers are business owners. If your business is anything other than a restaurant you may very well be stronger than normal. Now on top of that the government will just hand you 2.5 months of payroll and all you have to do is keep your people employed which you were going to do anyway. Now take 2.5 months payroll times lets say 100 people. It is found money its not a loan and the cut off is up to 500 employees. What would you do if you found half a million dollars?