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Seems some classic and muscle cars are selling a few thousand less today than they were just a few years ago. Why? Is it due to high gas prices? Or something else?
People are having to sell them Nuttz. I'd guess the main reason is a lot of people are having to move out of big houses with three car garages into little houses where they might not have room for toys.
Boats and RVs are taking a big hit too.
One thing I've noticed in particular is tires and wheels for big trucks are cheap. People are dumping extra tires and wheels that went with their SUV.
Didn't think it was due to anyone having to move. I actually thought it was because the price of gas. But then again I wouldn't think a once-in-awhile car would take such a big hit. An SUV, which for most is a daily drive I could.
Simple: uncertain economic times. Even people who have a lot of money to throw around are a lot less likely to if they're not confident their net worth will be as high tomorrow as it is today.
I'm thinking the price of gas has little to do with it, if you only drive a collector vehicle occasionally you burn so little fuel that it wouldn't matter if gas was $10/gallon or free. Economic downturn tends to make for more sellers and fewer buyers
Seems some classic and muscle cars are selling a few thousand less today than they were just a few years ago. Why? Is it due to high gas prices? Or something else?
I have a feeling, Deez Nuttz . . . the Classic and Muscle Car Market is no worse off than most any other market nowadays. I've noticed an obvious reduction in the number of customers in the restaurants and shops all over town.
Also, expensive toys are usually the first to go in times of need.
I'm thinking the price of gas has little to do with it, if you only drive a collector vehicle occasionally you burn so little fuel that it wouldn't matter if gas was $10/gallon or free. Economic downturn tends to make for more sellers and fewer buyers
Excellent point, M3 Mitch . . .
A tank or two per year, regardless of the price per gallon, would not be a major influence.
Seems some classic and muscle cars are selling a few thousand less today than they were just a few years ago. Why? Is it due to high gas prices? Or something else?
I suppose when I can get a nice 1957 Bel Air convertible for less than $50,000 I will tend to believe classics are selling for less.
I have a feeling, Deez Nuttz . . . the Classic and Muscle Car Market is no worse off than most any other market nowadays. I've noticed an obvious reduction in the number of customers in the restaurants and shops all over town.
Also, expensive toys are usually the first to go in times of need.
I just say this because I know I tried selling a classic muscle car back in Jan. It was worth $10k but I had a hard time even getting $8k for it.
Then I hear some of the cars on Barrett-Jackson haven't been selling as high as they have been in the past.
I suppose the price of gas has caused some to sell their toy to be able to buy gas for their gas hog Suburban so they can continue to travel 40 miles one way to work?
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1957 Bel Air convertible
