I can absolutely understand and appreciate how many people on this forum have significant money tied up in these cars, and the prospect of a down turn of any kind is frightening...
My opinion, is that a value down turn seems inevitable.
My parents were teenagers when these were affordable used cars;
I believe that this is age bracket is the main driver of values for these cars.
My parents are in their late 60's.
I love my car, but lets be honest what was not too long ago a $20k car in primo shape, is now a car eclipsing $100k in value...
This seems to me to be a little too over the top, and even if values keep rising in the short term, I am doubtful that they will maintain this stratospheric value for the next twenty years...
I might not be one of these younger guys (I'm in my forties), but I don't even know too many people in their forties who are as into these cars as I am;
And for the guys younger than me, the interest drops off very fast.
__________________
1970 Formula 400
Carousel Red paint on Black standard interior
A no-engine, no-transmission, no-wheel option car.
Quite likely one of few '70 Muncie three speed Formula 400's left.
1991 Grand Am: 14.4 @ 93.7mph (DA corrected) (retired DD, stock appearing)
2009 Cobalt SS: 13.9 @ 103mph (current DD; makes something north of 300hp & 350ft/lbs)
|