Is the collector car market finally imploding?

[cr8crshr]

More than my meager budget can afford these days, but maybe those that have very deep pockets will still jump at it because they just have to have it...Interesting read...cr8crshr/Bill

Market Collapse: Hemi Superbird Goes For Cheap

After auctioning in 2022 for a whopping $1.5 million, a 1970 Plymouth Hemi Superbird just auctioned for a measly $380,000.

backfirenews.com

 

[WileE]

In some respects, it may make us feel better. Anybody here lose $1.12M lately ?

 

[Ron H]

Something talked about, including me, is the aging baby-boomers, I’m among them. Over the past decade, can’t tell you how many oldsters I’ve talked to at meets who have been selling their rides. These have been guys in the early part of the boomer gen (I’m in the middle). Go figure, I could buy a number of cherry rides now I couldn’t so easily swing earlier, but I’m still fine with the one I restored. More ok with it than before. Could be because I’ve had it 30-years and spent a few of them restoring it and my big resto days are behind. Still, thinking about a turnkey – maybe.

IMO, I can’t see a big turnaround as younger guys like the cars they remember from the 80‘s and 90’s when they were kids. Not sure, the ultra-rare cars may still hold their high value, but more increases seem a stretch.

 

[1970Bee]

I think there is a generational aspect it it, as mentioned above. The cars I saw as a kid are the cars I am interested in now.
Also, since a lot of folks treat them as investments, they start to act like investments- sometimes you lose.
At the end of the day, I think the $30-50k drivers won’t be as likely to be hurt by this as the 7 figure cars could be.

 

[Sam69sat]

 

[Hey-O]

The young ones aren't as interested, and some just don't have the funds. Going forward, I'd expect they can't go up more than the people buying them can afford. To me it's a toy, not my retirement package.

 

[#41]

One sale is not a trend of tell the story. Cars sell high, cars sell low..... happens all the time.

I agree that prices are bound to drop off as we age and that those days are right around the corner..... but frankly, I think the next generation being able to afford these cars is good for sustaining the hobby.

 

[XS22J8R]

383 Roadrunner sold for 6 figures at the same auction.
1970 Plymouth Road Runner Hardtop For Sale At Auction - Mecum Auctions

 

[Cranky]

Kain't afford any of it these days!!!

 

[eldubb440]

the world in running out of interested fools and their money

 

[66 Sat]

It's probably changing but not necessarily imploding because of a generation getting old.

I'm not a baby boomer and never saw these cars in the flesh growing up, but got hooked watching Dukes of Hazzard, Bullitt, Vanishing Point on the TV in the '80's. I don't think I saw a 60's "muscle car" in real life until 1997.

So the market may change, may reduce, may increase, who knows? A lot of guys here in Australia buy them when they hit 40 or 50,  regardless of when they were born. They are cashed-up, work hard, and want a toy.

Remember these cars are on tv all the time, and in movies such as Fast and Furious, and the looks and noise just capture something in us.

 

[Budnicks]

1 car doesn't make a trend...

It's alive & doing very well,
look at most all the prices, it's a rarity to see those kind...
Still over priced & about time MoPar's got some long due respect...

I see it climbing still, more than anything

Just like the old SUVs & old trucks, nothing but going up

I'll believe it
when a Gen 2 Charger is less than $50k for a decent complete rust free car/driver
that isn't a total basket case or rust bucket POS,
that needs every panel & floor replaced/welded body worked & painted...
That idiots or a fool & his money, will pay that ransom for...

I've heard this stuff "collector cars are dead" mantra BS since the early 90's
still not dead, especially specialty cars...

& that example was an auction, it takes 2 to tango & money still in the room
could be all kinds of reasoning for why it didn't sell for more

 

[Ron H]

One sale is not a trend of tell the story. Cars sell high, cars sell low..... happens all the time.

I agree that prices are bound to drop off as we age and that those days are right around the corner..... but frankly, I think the next generation being able to afford these cars is good for sustaining the hobby.

True, have seen it happen many times. I’ve been surprised to see rides I’d never think would go for mega-bucks that do and cherry ones that go for 10-20-grand lower than I expected. Best timing is when there are a few all gaga over a certain vehicle outbidding each other. Having auctioned stuff, been amazed when something catapults. I had NOS parts I bought at a mopar show paying 50-bucks and later put them up for 50 when I didn’t want to use them. Oly chit, sold them for over $200. Yeah, well I won’t mention the stuff I sold for squat or ended up taking them to the scrap yard. Oh, guess I mentioned it..

 

[cr8crshr]

As an older Boomer...born in 49, so a true 49er...the early 60s to the mid 70s were the cars that I grew up with, drove, and bought and restored a couple of 66s. I sold my last one over 3 years ago and got rid of the parts stash, yet still have some to download that no one seems to need, let alone want. So I may just have to dump them and take the loss. It really has come down to that. One of the reasons I'm still here on FBBO is that quite a few wanted me to keep hanging around for my knowledge that I gained and my musings here and on the Political side, so I am still hanging out with y'all. But I no longer have the desire nor "wants" to get another B Body and have to do it all over again, let alone buy a turnkey unit. I still hit Hot August Nights and some car cruises here in Reno, but the travel bug is long gone, so that is out. I guess it is just the part of outgrowing the lust for the once great rides that every generation fawns after as they get on in years and the abilities to be involved are no longer so...cr8crshr/Bill

 

[3sloppydogs]

the world in running out of interested fools and their money

The world will never run out of fools and some with money

 

[Fran Blacker]

In some respects, it may make us feel better. Anybody here lose $1.12M lately ?

Ya I woke up!

 

[T2R9]

The high end market maybe but the 15-30k market is still crazy. Finding a nice driver under 20k is damn near impossible.