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Thought I'd ask...but one of the boards I frequent (Buick Grand Nationals) people are having a hard time selling their cars so now everyone's posting "if it doesn't sell I'll cut it up and part it out".
Was wondering if the same holds true for other boards for high performance and/or classic cars.
I hope not keeping classic cars like that number matching is very important IMO and it makes me sad if people are that desperate to do that stupid bad economy
it mayt be happening with some cars, full size cars from the 70s for instance, but unless the vehicle in question needs a ton of work to restore, most vintage and specialty cars dont get parted out.
I agree with you rbohm. However what has been happening lately on the board I mentioned, is the cars which once traded hands quite regularly, are now not selling so well due to the recession unless you want to sell for a stupidly low price. With that said, it seems now people have turned to parting them out since they're worth more in parts. To me this is a sign of desperateness.
So with that I wasn't sure if it's happening with other cars of collector value or if it's just turbo Buicks.
Here's an example of someone who is willing to cut his up for parts....he's in NY and would trade for a truck...
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,550 posts, read 81,117,303 times
Reputation: 57750
If no one can afford to spend $10,000 for your classic car after months of advertising, you could actually end up making more by selling parts one at a time. Classic cars are just not the investment they used to be except for totally restored rare ones that sell for $100,000 at Barret Jackson. The drivers and survivors that I love just don't sell, they are a luxury and no one has the money.
Classic cars should never be thought of as an investment. I don't understand why so many think this way. Just because you saw one sell for some ridiculous amount on Barrett-Jackson doesn't mean yours will sell for that much/is worth that much. In reality classic cars are a bad investment and only make it more difficult for the true hot rodders to buy restore and enjoy them as opposed to the greedy bastard that sees nothing but dollar signs.
I just think it sucks that people once thought they were going to get rich off of selling one, then realized now they're upside down on it so instead said vehicle gets parted out. It leaves fewer around to enjoy and more to pay in the future if you want to enjoy one.
It's really been like this for years and years. Often someone dumps a fortune into a car, and when it comes time to sell doesn't get offers even close to what they put into it. Though by parting it out often times can bring more money then an outright sale.
I don't think this is really new. There are plenty of cars at junk yards that to the right people are or would be worth fixing. People will junk or part cars for time or if they think they will get more money parting it out. With a lot of cars especially older big sedans, they're worth a lot more in scrap what they would even be worth in parts as they're only so many still out on the road and even fewer being fixed up.
I misread the link, took it for turbo Brick, which is volvo
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