SteveSS
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- May 28, 2013
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I watched a video last night but I can't find it to show you. I think it popped up for me because I frequently search "What Classic Cars to Buy Now." It was called something like why the 20-year rule in buying cars doesn't apply anymore. It was a chubby guy maybe not quite gay but a metrosexual. I didn't care, if he likes cars he's okay with me. I believe he was in the UK and he was mostly talking about buying exotic cars as an investment.
Without going into detail his points were, you won't be able to buy a new gasoline car in the UL by 2030. Normally you can watch the price of a Ferrari drop for about 20-25 years and then it bottoms out. At this point, buyers are making enough money to buy the car they lusted for as a teen at a discounted price. He said young people are not into driving/cars as we were, therefore there might not be as many buyers for a 2020 car that will age well for 20 years. Also, cars are lasting longer and there are many more made of any certain model.
Cars that will appreciate are the cars that are considered works of art. The super-rich will buy them, not drive them, and just be looked at. This will be a very small percentage of exotic cars. For the rest of the desirable cars, you should drive them and enjoy them because they won't go up much in value. He even was slamming the New Ford GTs saying they won't make the cut.
Now let's translate that over to our domestic car market. These are my takeaways and applied to the stuff we like. So, Maybe the Demon will hold its value or go up but the Hellcat Redeyes will be too common. Maybe the Shelby Mustang GT 500? The most badass C8 Corvette before they go electric? Probably not. Only the multi-million dollar gas cars will be considered art and be behind a glass enclosure.
Hell, the Motor Trend Car of the Year is an electric Lucid Air. MT is pushing EVs really hard in their issues. We can all remember in 1980 when muscle cars were considered dinosaurs and we all sold our stuff too cheap. My point is maybe today's cars won't make a comeback with the world trying hard to demonize gas cars.
I dunno. Your thoughts? Somebody find that stinkin' video of that dude wearing a coat next to a Ferrari.
Without going into detail his points were, you won't be able to buy a new gasoline car in the UL by 2030. Normally you can watch the price of a Ferrari drop for about 20-25 years and then it bottoms out. At this point, buyers are making enough money to buy the car they lusted for as a teen at a discounted price. He said young people are not into driving/cars as we were, therefore there might not be as many buyers for a 2020 car that will age well for 20 years. Also, cars are lasting longer and there are many more made of any certain model.
Cars that will appreciate are the cars that are considered works of art. The super-rich will buy them, not drive them, and just be looked at. This will be a very small percentage of exotic cars. For the rest of the desirable cars, you should drive them and enjoy them because they won't go up much in value. He even was slamming the New Ford GTs saying they won't make the cut.
Now let's translate that over to our domestic car market. These are my takeaways and applied to the stuff we like. So, Maybe the Demon will hold its value or go up but the Hellcat Redeyes will be too common. Maybe the Shelby Mustang GT 500? The most badass C8 Corvette before they go electric? Probably not. Only the multi-million dollar gas cars will be considered art and be behind a glass enclosure.
Hell, the Motor Trend Car of the Year is an electric Lucid Air. MT is pushing EVs really hard in their issues. We can all remember in 1980 when muscle cars were considered dinosaurs and we all sold our stuff too cheap. My point is maybe today's cars won't make a comeback with the world trying hard to demonize gas cars.
I dunno. Your thoughts? Somebody find that stinkin' video of that dude wearing a coat next to a Ferrari.
