http://money.cnn.com/2006/06/16/Autos/muscle_stars/index.htm

Check the Z/28 price.

[QUOTE=Gary L]

-seem high to you? ......only the Z/28's do...:D :D .

I didn't think KBB tracked prices of cars older than 20 years. You can't find anything published on their website earlier than 1986.

This is just crazy. I guess we better never sell, I know I would never be able to come up the funds to buy another. It almost takes the fun out of owning the car to me.

Nick

Superbird seems a bit low at only 107,000.

Would you still go out and buy today at those prices?

On NADA, my coupe comes in somewhere between 18.5 and 30k. Maybe it's been a while since I last checked, but that seems kinda highi to me...
Dano:)

Would you still go out and buy today at those prices?

No. I would go Chevelle or Dodge Dart Swinger or make a Camaro hot rod. I bought mine because I wanted a new one when I was 17 and could not afford it. Not for investment.

No. I would go Chevelle or Dodge Dart Swinger or make a Camaro hot rod.
Gary, did you say.."Camaro Hot Rod"?!...well they are faster then original..http://www.lateral-g.net/forums/images/smilies/morepower1.gif

Gary, did you say.."Camaro Hot Rod"?!...well they are faster then original..http://www.lateral-g.net/forums/images/smilies/morepower1.gif

Yes, but no where as cool as a real Z/28. :cool:

Yes, but no where as cool as a real Z/28. :cool:
real?... meaning number matching? WITH ALL the paper work...i would agree with that..:) ..

I think alot of guys that paid those prices are going to be a little disappointed if they try to resell them later with the economy on a down swing. The economy can currently support those prices, but if it goes significantly downward luxury items like collector cars are some of the first things that will be hit!

per the cnn site:

"1969 Chevrolet Camaro Z-28/SS coupe"

they had 3 major errors in their top 10

no 69 Z28 was EVER an SS as well (unless you count the thousands of SS's that magically were "transformed" into a Z28 with the addition of stripes and emblems ... )

the 69 GTO Judge they pictured was actually a 70

ditto on the 442, they described it as a 70, but had a picture of a 72

The cars that are original and unmolested with unquestionable docs will always be extremely desirable, the ones who will get hurt are those that buy mid level cars thinking that their cars are going to continue to rise even when the credit crunch comes... the collectors who have bought the primo examples may see a flat market however the speculators may get left holding the bag if they bought questionable cars...

Geeze.....some of you are driving a serious 401k :D

Gloryhound I agree with you. Right now we have rising interest rates, higher inflation, higher gasoline costs, higher energy costs etc. There was a spike in muscle car values in the very late 1980's. That spike was no where to be found when rates went up along with energy costs and inflation in the early 1990's. The muscle car market was dormant from the mid 1990's until about 2001 which is when rates started coming down. In 2002 the market started to increase and hit a peak last year. Look at some of these cars. People want 90 or 100 grand or more. The 1971 Plymouth 'Cuda convertible was $49,600 in 2000, it recently sold for $2 million......I highly doubt if the economy takes a dump that someone will pay 2.5 million and I would expect the value to fall to under 1 million. The same thing happened to the 1955-1957 Chevy's a few years back. They went way up in value. The demand is still there but not like it once was for 1955-1957 Chevy's. The 1969 Camaro Z28 is #3 on the top 10 list. It went from an average value of $18,450 in 2000 to $91,700 today.

Another example is the real estate boom in California during the 1980's. By the early to mid 1990's many homeowners were left owing much more than what their homes were worth because the houses declined in value.

Now don't get me wrong, cars that are matching number, clean and documented will always command a high dollar. Probably not as high as it was a few months ago. The guys with the "clones or tributes" or worse the cars that are tubbed, with 458 point roll cages, tires that are 8 miles wide and all aluminum this and that will be hurt the most.

Here are 2 very good links about the top 10 appreciating muscle cars.

http://money.cnn.com/2006/06/16/Autos/muscle_stars/index.htm
http://money.cnn.com/popups/2006/autos/muscle/frameset_cnn.exclude.html

Lastly look at all the cars on e-bay this year that are not hitting the reserve. I spoke to a muscle car dealer and he said business was better at this time last year than this year. These guys are going to be hurting just like all the mom and pop mortgage lenders, real estate agents, builders and others who mistakenly think this boom will continue until the end of the decade and beyond. It's cooling off now and the gauntlet/sledge hammer will fall soon. Maybe then someone can buy a decent 1969 non matching number Camaro for 10 to 15 grand instead of 30 to 35 grand.

Bottom Line: The muscle car market is like the stock market, what goes up will eventually come down.

P.S. Here is another link I just saw after posting this article. The link speaks of a slowing economy. Read the 4th paragraph. It states what I mentioned above.
http://money.cnn.com/2006/06/22/news/economy/lei.reut/index.htm

Bottom Line: The muscle car market is like the stock market, what goes up will eventually come down.


Gotta disagree with that one. The muscle car market is nothing like the stock market. Ninety five percent of the people who own muscle cars do not view them as investments. While a general down turn in the economy may force people to sell their cars, it will not dictate the prices. I agree that the prices will eventually fall, but it will be because of a decline in the popularity, not because of any economic indicators. The people who grew up in the muscle car era (1964 to 1973) are the people who are buying the cars today, just like the people who grew up in the '50's were buying the tri-5's in the 70's and 80's. The kids growing up today are going to be buying Eclipses and Supras in twenty five years and muscle cars will decline in value, or cease to increase in value.

Here are 2 very good links about the top 10 appreciating muscle cars.

http://money.cnn.com/2006/06/16/Autos/muscle_stars/index.htm
http://money.cnn.com/popups/2006/autos/muscle/frameset_cnn.exclude.html



Dude, read the first post. This is where I started!:beers:

Sorry about that Gary.....You are absolutely correct. You did post one of the links in the very first post.

What do you think of the 1971 Hemi 'Cuda Convertible going from around 50 grand up to 2 million in 6 years? Now that is crazy!! That return was probably equal to or better than some of the dot.com booms from 1994-2000.

Re: '71 Hemi Cuda - They only built like 7 and I can guarentee you they were going for a lot more than 50K in 2000. I think they were already going for several hundred K+ back then.

Same thing on the LS6 Convertible. No way was that a $28K car in 2000. Try $125+ in 2000. Heck, hardtop LS6's were going for over 50K in 1990!

Still great appreciation of the right car, though some of the statements in the article are a little misleading.