Yeah, I think all the cars are declining, but I dont see them dropping below what they should have always been worth, like the housing market, property sky rocketed, the demand was met and of course declined since it had no other way to go, and the prices leveled out.
Perfect Hemi cars should be $90-$150K, 6 pack cars should be $50-75K, 440 4bbl cars should be $40K, and 383 HP cars should be $17-25K. Depending on model and option rarity (I am talking about 70 and down b bodies and 70 and up e bodies...) Wing cars should be 100K to 200K for original show cars...
The days of $300K for a basic hemi car are over. AND we will probably never see the numbers matching 383 or cloned cars doing silly amounts in any market again.
A friend of mine is $40K in, on a 70 road runner 383 4 spd car, while another friend of ours is trying to sell his 69 383 4 speed car for $20K that cost him $30K to restore and he owned the car...
If you are going to restore a car to original that is not sentimental to you and you expect to EVER break even or god willing come ahead, it better be a desirable color, year, model and minimum of a 440-4.
I have a 70' charger R/T, plum crazy car, REALLY solid, I have a date correct 440 for it, and the automatic that come out of it, 90% of the parts in and out, body is all there as is bumpers and interior is 95% there.
To restore it I need to rebuild a carb, cover the seats, buy the basic seals, carpet, fuel tank, lines, brakes, suspension, windshield, door panels, head liner, etc etc etc. But its minimum stuff, the car has no rot and it mostly there, so no HUGE purchases like an engine or dash board... AND I CAN NOT justify the resto!!!! I am going to spend $20K to resto the car and whats it worth? Now if it was a V code car, I could make it make sense, even a 4 speed dana car I would do it, but in this market the car is just sitting there!!!
I hate to say it BUT I am going to end up retro rodding it, Ill sell the oem gauges and make a dash panel with digital gauges, I'll swap 440's purple cam for a decent FI friendly grind and throw an injection system in it with an electric fuel pump, put some 17"/18" wheels and tires, decent suspecinsion system, new disc brakes all the way around, add some metal flake to the plum crazy mix, a non original stripe, and A41 automatic (Keisler tranny kit) 4 speed...
Then the car will be worth something more than it costs to build, A/C fuel injected 440, 4 speed automatic, modern suspension, brakes, and wheels and the car is worth $75K easy. Plus the rallye cluster and parts I have, factory wheels, etc will sell for something, and I wont have to buy expensive seat covers, dash , parts, and door panels (upper door panels are like $500 for that car), I can just do vinyl wrapped foam, vinyl wrapped card board door panels with a design in them, powder coated aluminum dash board parts, cheap racing seats or corvette take outs (I have done this a few times, take the covers off, unstitch the "corvette" signature panel and stitch in a new panel that says "charger", the one we did said "SS" but it will work)... etc.. Much less tress finding the correct bumper jack (I can sell the bumper jack from that car for $500, lol...)...
BUT anyway, my rant is over, sadly when people realize they are going the wrong way with their car to get the money out of it, the market will flood with pro touring retro rods and then they will drop like rocks too...
