Economy Vs. Collector Car Prices

[RPMagoo]

Is the current situation, with the Stock Market, likely to drive prices down, for Collector Cars ?

 

[myk r sanchez]

When the economy is down the toy market will suffer. I'd think that sellers would hold on to their junk until the economy revives, and then we'll be back to listings of $25-30K for a roller with no VIN plate, interior but with rusted quarters...

 

[threewood]

I think prices should come down. Investors are realizing that a portfolio of 50 to 60 year old cars doesn't mean a lot when people are scrambling for food, tp and guns. There are better choices for investments and I think once the economy is in recovery more that people will be dumping cars.

 

[dartforforty]

I have been seeing more car projects coming out of the so called barn listed for sale.
Also more listings on ebay

 

[Billccm]

Barrett Jackson and Mecum help keep prices high for these cars. With the economy heading to the toilet and suspended auctions I believe we will see 30 percent price drops very soon.
I'm ready to go B body shopping soon myself.

 

[Budnicks]

disclaimer;
don't take what I'm about to say as an insult or dig,
it's not intended as such, just reality & my opinions/experience

This is a blip in the market
unless you attempt to sell a car real soon
or are attempting to sell it right now

if this doesn't last to much longer, into past the summer
the prices won't be effected all that much
maybe short term

unless a shitload of baby boomers that loves these cars
get hurt really bad by the temporary "so called" down turn
(up & down & back up, more like)
most the market has rebounded a bunch too, it's still very dynamic
it will come back even more, the markets (stocks especially)
are for long term

IMO even the hedging on spec built cars,
quality resto-mods, pro-touring or customs
If they are quality build, I see the market growing not contracting

IMO the stock market is not for instant gratification either...
neither is a day by day deal, it's long term or with the trends anyway
IMO the car hobby & market is always changing too....

most that play with these cars, buy, build & sell collector cars
not just clapped out project cars, rough cars that need some TLC
they mostly have disposable incomes to begin with (not all but most)

IMO the fixer uppers may be lower, for some of the bottom feeders
$5000 or less types (even $10k or less) or guys who buy to part out/sell pieces
they may be hurt some
or it could be an opportunity to buy a clapped out project car cheap
I can see it going both ways for them types of car

there's always the doom & gloom crowd that thinks it will tank too
IMVHFO that's not the demographic of these cars
if the price goes down they will just hold on to them mostly
quality cars done well, will bring good/fair money still

my $1.25 worth

 

[SteveSS]

The over $100K market is supposed to stay steady. those guys have money. The lesser guys might need some house payment money.

 

[69L48Z27]

I’m with @Budnicks

Its also way too early to know what any economic effect is or will be. We’re only in week 2 of this. Hopefully we’re all sitting around watching fireworks on the 4th of July and a 28-29k stock market again. If that happens, car values will have little change.
I’m sure we all thought these cars were going to be worthless in 2008-09.

 

[Johnpat]

After this is over I think a lot of guys in there 60s
& 70s will think about life more.
Buy the cars they always wanted to have but
didn't.
Time is short,have some fun with the money.
Prices on nice cars will be up.

 

[GetX'd]

I think if this economic situation is short lived the market will remain pretty stable. But on the other hand if we get into a protracted downturn it could spell permanent trouble for all ends of the market. I just don’t see prices holding up with a down economy. And with the majority of owners getting up there in age this could be the last hurrah for our era of cars. At least with this level of pricing. Frankly I see that coming anyway but just not for awhile. A lot depends on what kind of recession we get into. Let’s all hope it’s short and sweet vs long and sour.

 

[themechanic]

The experts at Hagerty agree with @Budnicks .

What the coronavirus outbreak means for the collector car market

https://www.hagerty.com/articles-vi...s-outbreak-means-for-the-collector-car-market