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Will Coronavirus Wreck The Classic Car Market?

disclaimer;
what I say below, is not addressed to anyone specifically,
just a general statement


I've heard this BS trends & pricing BS, since being on the -www-
it ain't going anywhere, just a change in the market
it always adjusts some

like any hobby or trends, they change & fluctuate with economics sometimes
many of the cars are NOT bought by people with little to no savings or income
these are expensive hobbies
Yes there's a select section/segment of the market "buyers"
that thinks all the stuff was overpriced
It's worth what people are willing to pay...
there's is no basic price std.

IMVHFO the muscle car market & especially the "QUALITY BUILT"
(not some shade-tree lipstick on a pig)
Especially the resto-mods & pro-touring markets are booming & growing steadily
the bottom feeders/low priced market & borderline scrappers/total rebuild projects
or parts cars may be down or trending going down

IMVFHO
I disagree with most of the Doom & Gloom BS predictions
maybe a small part of the market (bottom feeders/project/parts cars)

Depends on what state you're in
& depends on what model of cars
you can't just throw a blanket over the whole genera/era
"I've told you they are dropping because so & so said so"

some more popular cars will retain "all their value or even rise"

some cars will maybe go done a little
IMO it will be just a temporary hit if it does

(the big auction houses/co.'s are NOT selling right now,
that fact may drive trends down some/slightly too, there's not a
one place to go & those all have a captured audience, to buy expensive cars
& IMO some people use them #'s or $'s to drive their statements of trends
)

Like always, if they were popular to begin with
they will retain more values, sell for higher prices
unpopular or lesser cars won't, it's always been like that
when the market for popular cars goes up
then the 2nd teir or lesser/less liked/less popular cars follow some,
in pricing, mainly because the more popular cars are too expensive
& them lower budget buyers, want something still
(If that made any sense)

these BS "so-called" sale/sell or buyer trends by anyone
are just speculations PERIOD
It's never 100% correct, EVER

& IMVHFO it's usually started by those very people 'that want cheaper cars'
either they can't afford the top tier or more popular cars
or some other reasoning

my $1.25

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ty for proving my point bud !!

this guy tho,he totally gets it.
I guess the point I am trying to make is that the amount of people who grew up with these cars and love them and can work on/build them isn't getting any larger. The next generation of "car guys" didn't generally grow up building cars, certainly not these types of cars and are used to a different level of form, fit and function. These are the ones who if they like the "old school" look of a classic muscle car, they want the reliability of drivability of something more modern
 
I remember reading an article in the WSJ in the early '90's how people who jumped out of the stock market were buying classic cars as a hard asset. Much like buying gold. I don't see that happening now.
 
Once you buy your car, it’s yours! You have it in the garage, and the money you paid willingly is gone. It’s free now, and what it’s worth now is what you get out of it. You can spend a little money as you see fit, enjoy working on it in your free time, and drive it for pennies on the dollar. At $1.15 a gallon right now, you can get a lot of fun for your money in the tank.

Point is.....the car may have $$ value if that’s what you care about. And if it is, you’ll ride this rollercoaster every time it comes around. If you’re like me, you got an extra $20 lying in change on the dresser, that’ll get you about 10 gallons of fun and social distancing!
 
Holy crap enough already everyone needs to settle down . Yes I've had a few beers but did you buy or build the car you love or were you really just here to make a profit . Somethings you just are here to have enjoyment and owing my favorite car is it .
This epidemic will run it course markets will stabilize and we'll all be fine in the hobby .
 
Holy crap enough already everyone needs to settle down . Yes I've had a few beers but did you buy or build the car you love or were you really just here to make a profit . Somethings you just are here to have enjoyment and owing my favorite car is it

Finally, a voice of reason! Thanks Pete. If I may quote Aaron Rodgers: "Everybody just relax". My car is not an investment; she's beautiful and fun. If I have 20...30...40 grand wrapped up in her, and she ends up being worth 15 bucks, I don't care. She's still beautiful and fun. Go tinker with your car, have a beer, kiss your wife, play with your dog and tell Jesus you love him.
 
Another thing to remember is Haggerty is a reflection of the auction market, not the overall market. It doesn’t take into consideration private sales.
 
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