How is the market on project cars (especially 69s)? [Archive] - Team Camaro Tech

: How is the market on project cars (especially 69s)?


JWA
Jun 28th, 08, 04:11 AM
May have some life changing events in the not too distant future. Are project cars selling? Has what looks to be a soft market slowed down or pushed values down? Mainly interested in 69 Camaro projects. have you sold one lately? Did you get what you were asking? If possible please describe what you sold. TIA

LCAC_Man
Jun 28th, 08, 09:16 AM
In a soft market project vehicles take the hardest hit. Typically an owner can expect to see .50 on the $1 if the quality of the work is good and the components are current.
With the market the way it is I'd put the number between .35 to .40 on the dollar, having the car in roller form is a must, the engine and trans installed at a minimum, you want the new buyer to be able to send a vehicle transporter to get it all in one shot and not have to deal with multiple packaging and shipping (finding a local buyer eases this considerably). This is the time to buy not sell.

DjD
Jun 28th, 08, 10:22 AM
I think .35 -.40 on the dollar is way off for project Camaros and even most project cars (just my opinion Len). Parts in general have not dropped in value, NOS is higher than ever and repro just keeps on track. You can't pull out a 2 year old parts catalog and expect prices to be the same. Based on that a project with new parts and that has had work done to it by the current owner is holding it's value or is following the current soft market on finished cars. If you can't sell your project for a fair price you'll get your money parting it out. Now if you are talking a junkyard shell or roller that hasn't been someones project in the last 10 years I think .50 on the dollar may be there. There's a big difference in a project in the works and a potential project.

ChevyThunder
Jun 28th, 08, 10:34 AM
I agree with Dennis... of course in times like today you may find someone who has been hit hard by current economics/costs of living and has to move a project or car fast. In that case if you are in the right place at the right time , with the dough in hand,you may get a fantastic deal.

I have numerous people trying to pry the blue RS Z out of my hands for good money that I posted in this section.

Fred Ficarra
Jun 28th, 08, 11:38 AM
I agree with Dennis... of course in times like today you may find someone who has been hit hard by current economics/costs of living and has to move a project or car fast. In that case if you are in the right place at the right time , with the dough in hand,you may get a fantastic deal.

I have numerous people trying to pry the blue RS Z out of my hands for good money that I posted in this section.
:) For some strange reason, I've never even been asked if I want to sell?:D

LCAC_Man
Jun 28th, 08, 12:42 PM
No one wants to be wrong on this more than me. I just see a lot of unfinished project vehicles like "over $25k invested, my loss your gain for $10k" and some struggle to sell at that.
I agree NOS stuff is always going to be strong (its like beach front property, they aren't making anymore of it). Usually you see it get parted out separately.

ChevyThunder
Jun 28th, 08, 01:50 PM
:) For some strange reason, I've never even been asked if I want to sell?:D

Did you post a car that you just found in this section? If you do you will get asked. I just posted a RS Z I found that had been cemented behind a false wall for 20 years so people are asking me , " hey , are you buying that, keeping it,is it for sale "? Point being there are still people that are paying good money for solid project cars.

Now my vintage IMSA and FIA race cars. I have numerous guys from all over the world who contact me regularly throwing numbers at me . I have never said I want to sell them but that is a whole different ball game.

Steptoe
Jun 28th, 08, 02:18 PM
Are u selling or buying?

okiemark
Jun 28th, 08, 02:45 PM
I posted an ad for a '68 Camaro both here and on Craigslist. I was asking a very fair price and never heard a word. I see the same cars being offered over and over. Personally, I think it may be a great time to have a car restored. Remember, the economy affects car restoreres also; maybe they'll make you a great deal.

Steptoe
Jun 28th, 08, 03:24 PM
Times get tough
The number ppl who can afford to a resto reduces, hence less 'nibbles'
Those who can afford, wait, or offer low prices...
The guys selling are trying to hold prices up artifically, hence nibbles and sales drop.
Then eventually the sellers realise to sell they will have to bail out way below cost.
The market then rectifies , more can afford to buy, and sales start to happen.

Basic market economics...supply and demand.

ChevyThunder
Jun 28th, 08, 05:51 PM
Personally, I think it may be a great time to have a car restored. Remember, the economy affects car restoreres also; maybe they'll make you a great deal.


I can tell you first hand you are correct. I just finished having a car restored... I have another that is ready for restoration and have been able to negotiate better terms

JWA
Jun 28th, 08, 10:00 PM
Are u selling or buying?

For me it would be from a selling point of view. I don't think it will be from a need to sell position. I think it will be more from a funds will be tight to finish, time to work on them may disappear, or slow the projects way down. I don't know how they could be much slower than they are now though, the x77 hasn't even been brought home :wacko: :D. If I learn to paint I don't think I even need a whole lot of new parts. There are probably enough to get all 3 together.

Thanks for the feedback guys :thumbsup:

JWA
Jun 30th, 08, 03:19 AM
With the market the way it is I'd put the number between .35 to .40 on the dollar, having the car in roller form is a must, the engine and trans installed at a minimum, you want the new buyer to be able to send a vehicle transporter to get it all in one shot and not have to deal with multiple packaging and shipping (finding a local buyer eases this considerably). This is the time to buy not sell.

Transport is easy, if I were to go that route. I have my on enclosed trailer. :cool: Gas to haul it might be an issue though :eek:

blue89bird
Jun 30th, 08, 05:56 AM
seems to me that projects (3-5k range) and really nice driver type cars (25-45k range) haven't been affected very much. Now, the stuff in between seems to be getting killed.

I've got about 16k into my 68 so far, if I had to sell it now, I'd probably have to wait a while to get 10 out of it. Good thing it's not goin anywhere.

Jason1968Camaro
Jun 30th, 08, 09:13 AM
I've had a few folks interested in my 68 Camaro, but no takers. But I don't think anyone has been truly serious about buying it. Most are wanting a "great deal" or don't know the value of what's been done. Luckily, I don't have to sell.

jg95z28
Jun 30th, 08, 09:40 AM
I've seen one or two rusty "rollers" for under $10k, but for the most part most of the reasonable project cars are still between $10-15k, more depending on how "original" they are.