Prices, Up, Down or Sideways

[BillD]

Rich P, Thanks for all the good info. I have done a complete restoration and hope I have the sense to never do it again. I can only speak about first gen camaros, but it is next to impossible to find NOS parts (at any price) and unless you are doing a super rare car, a restoration will find you financially upside down. Speaking of super rare, will the market ever split into two segments, or maybe it has already, with the super rare becoming an investement and the not so rare in most instances becoming a hobbyist car, for a guy like myself? Or do the not so rare cars get dragged along by the super rare cars?

[rich p]

Sorry to say !!
Its a food chain down from the top to the bottom.
When someone owns a cheaper car(heavy production #'s) and they know a car with prodution #'s(rarer) they feel their car is worth what the last guy sold his for.When a car looks like the Best of the Best they can ask for what ever price they want.When I think its never going to get that, a buyer comes along and pays it.
I remember when 318 convertibles were 16,000 and people wouldnt pay that and know begging for one in the 30's.
I dont see these cars dropping soon.
Im sure people remember when the ASIANS were buying,have we seen any of those cars come back [img]/ubbthreads/images/graemlins/confused.gif[/img]
Getting alot of calls from Europe wanting to buy [img]/ubbthreads/images/graemlins/eek.gif[/img]
Say goodbye to some of these rare cars. Very few coming back
Enjoy them while you can, you only live once. Step up and pay for the one you love and enjoy the car and dont think about the cars falling down in price.There is NO enjoyment in that. Thats why I say buy from the heart and you cant get hurt. [img]/ubbthreads/images/graemlins/scholar.gif[/img]
Just my opinion [img]/ubbthreads/images/graemlins/beers.gif[/img] [img]/ubbthreads/images/graemlins/flag.gif[/img]
Just wanted to give shout out to Charlie [img]/ubbthreads/images/graemlins/beers.gif[/img]

[Unreal]

Ask anyone who bought a 427 Cobra or L72 Corvette in the early 90's if prices ever drop. If history is any indicator of the future, you can expect prices to fluxuate widely. Over the last 15 years, the prices of great cars seems to have gone up, when the stock market went down...and visa versa.

Tribute car (clone) builders do not fear the discovery of GM documentation. My Yenko Tribute Car is just that. Nothing more, nothing less.

Fakes, however, is another story. If I had bought a high dollar car, especially if I bought it in the last couple of years, and it did not have a rock solid pedigree, I would be a little antsy.

[jg95z28]

I've only been back in the hobby a little over a year now. (It all coincided with my then 16 year-old stepson telling me last summer that he wanted a 69 Camaro.) It was right around the time that GM announced they were putting the Camaro on hiatus, and classic Camaro prices when through the roof.

I can only relate to 67-69 Camaros because they are primarily what I follow. While prices have stabilized and I have actually even seen some even come down a little, the supercars and "real" factory Super Sports and Z/28's seem to be holding their value and in some cases even increasing.

It wasn't too long ago where just about every person selling an original 327-210HP powerglide car thought they had a $15K car. Now those prices have come back down to reality a little, however its still not uncommon to see $10K plus for even a modified plain Jane basket case, and $6K plus for a roller missing its entire drivetrain. At least that's the case out here in California.

I paid a little on the high side for both my 67's but quite frankly it was worth it IMO because they're both almost rust free and super straight. (Even here in sunny California its hard to find classic 60's musclecars that don't have rust problems in the most typical places.)

Personally, I see the factory SS, Z/28 and Dealer Super Cars continuing to increase in value, especially if they're documented and original. And by original I don't neccessarily mean bone stock. I plan on making some minor changes to my 67 RS. However, I'm using period correct and numbers matching components as not to decrease its value. With my kid's 67 clone, its going to be a hotrod anyway so I'm not being as careful to "keep it factory."

I think the next big effect on pricing will happen when Chevrolet official announces the return of the Camaro in a couple years. (Yes it is coming back as a 2007 model.) Depending on how much fan-fare comes with that announcement it should drive prices up on most Camaros. However, it could also have the opposite effect. Only time will tell.

Anyway, just my 2¢. [img]/ubbthreads/images/graemlins/dunno.gif[/img]

[T Billigen]

Got to agree with you Rich! If you want a correct numbers matching car you are going to have to step up to the plate and pay the price. Trying to restore a car now is crazy, I should know after doing my Yenko Camaro and this car was in good shape with all original parts. I think these Super cars have pulled the market up for all other hipo cars. Look at the Z-28s, a couple of years ago they were 20K for a top notch resto, now I see up around 50K. I still see the market to stay strong for the high end cars. [img]/ubbthreads/images/graemlins/flag.gif[/img]

[JoeC]

It is kinda sick but with some cars going for M prices it makes the K prices sound low.
1963 Grand Sport Corvette 5M
Found in barn 60s Shelbly Daytona Coupe 4M
There has been talk of it but not sure if any Corvettes hit the 1M mark yet.
Most Yenko's still under 200K

[mc25t190]

rare and unique will always hold, the average car that has risen will probably fluctuate. there seems to be more buyers than sellers. i agree with Rich, it can't just be the average car, it must be rare in numbers, unique in some facet and most of all desirable. we always pay more for something we really like or want, if not hesitate and its gone to someone that will make a decision. these cars are antiques and with age comes beauty! JMHO.

[BillD]

I guess Rich sums it up pretty well when he says "Step up and pay for the one you love and enjoy the car and dont think about the cars falling down in price.There is NO enjoyment in that. Thats why I say buy from the heart and you cant get hurt". Now the trick is finding what I want. I am really crazy for 68 Camaros, with an L78 being at the top of the list, but, I am super picky.

[Born30YrsLate]

To me, muscle cars are pieces of American art from a special time in America's history...the rare and desireable cars will hold their value and the more plentiful cars will have more of a fluctuating value...

[jfkheat]

What do you consider rare? I know the Yenkos and ZL1 type cars are rare. I own a 68 Beaumont SD396, basically a Canadian version of a Chevelle SS396. There were 680 built and sold in Canada. There can't be more than 300 or so left. What do you think cars like this will do in the future?
James