Modern cars as classics?
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Well somebody thinks they will. There was a guy at Barrett Jackson who won the rights to buy the first GT500 (if I remember correctly) and he paid a ridiculous amount of money.
You have to think about the cars that teenagers are going nuts for...whatever that is...that's what's going to be collectible.
You have to think about the cars that teenagers are going nuts for...whatever that is...that's what's going to be collectible.
Cannoball888
New Member
brianj5600
Active Member
1320stang
Founding Member
My personal opinion is they will be classics if given enough time. Americans have a love affair with the car and everyone wants to have things that remind them of there youth and because American is such a young country our since of history is so short things that are thirty plus years are classics. Will they increase in value eventually but I think It will be a pore investment remember that no one expected these cars to last for 5 let a lone 40 years so very few took care of their cars and they where crushed when there useful life came to an end. It was this attitude that lead to small numbers of cars remaining. Modern cars are much higher quality with longer life expectancy more over the cars that have the greatest collector value are being produced in larger quantities again assuring more will survive and dropping the future value. Lastly the main driver for the collector car market is the baby boomers with there large amounts of disposable cash. As manufacturing jobs move over seas and the ability to create wealth, decrease the collector cars market. If you want one of these cars, its best investment potential is in its enjoyment factor today and if it is worth more in the future good but do not count on it as your retirement plan.
12sec67
Active Member
Cannoball888
New Member
Yep. In the future, old men will face a middle-aged crisis and yearn not for the stock Civic but the ricer with the hoopdy rear spoiler, blocked out tailights, and the fart pipe muffler.Jester67 said:
How much is a 20 year old Saleen worth these days?
Or how about a Buick GNX or Mid 80s Chevy 454 SS truck or ZR1 Corvette or '78 Corvette Indy Pace car or 79 Mustang Indy Pace car or 93 Mustang Cobra...
I just don't see these as good investment cars but then again who knows.
Even if you bought it and never drove it, would it ever be worth as much 20 years from now when you figure in inflation?
But I sure would love to have me a black 93 Cobra, I guess if enough people felt that way the prices would soar...
Or how about a Buick GNX or Mid 80s Chevy 454 SS truck or ZR1 Corvette or '78 Corvette Indy Pace car or 79 Mustang Indy Pace car or 93 Mustang Cobra...
I just don't see these as good investment cars but then again who knows.
Even if you bought it and never drove it, would it ever be worth as much 20 years from now when you figure in inflation?
But I sure would love to have me a black 93 Cobra, I guess if enough people felt that way the prices would soar...
92LX_Stroker
New Member
http://www.hotrod.com/projectbuild/113_0512_hot_rod_crate_camaro_project_build/
I think because of this, somewhere down the road it will diminish the value of the classics. How is a 40K resto project going to be worth more in a buyers eyes when they can go buy a clean slate body for 10K and know it is all good.
I actually contacted the company and they said that a 65-68 Mustang was in the works, most likely a FB first. But it is all up to the legal guys at Ford.
So here is to the hope that they wont fold.
I think because of this, somewhere down the road it will diminish the value of the classics. How is a 40K resto project going to be worth more in a buyers eyes when they can go buy a clean slate body for 10K and know it is all good.
I actually contacted the company and they said that a 65-68 Mustang was in the works, most likely a FB first. But it is all up to the legal guys at Ford.
So here is to the hope that they wont fold.
Never buy a car as an investment. Thats what I have always been told.
a 2000 cobra R...one of 300 made still sell for about 55-65k. They were sold new for about 60k 6 years ago. Now, if you bought an 07 cobra...held onto it for 20 years and didnt put any miles on it....you will make a good bit of profit.
a 2000 cobra R...one of 300 made still sell for about 55-65k. They were sold new for about 60k 6 years ago. Now, if you bought an 07 cobra...held onto it for 20 years and didnt put any miles on it....you will make a good bit of profit.
zookeeper
Founding Member
You echoed one of my favorite suspicions. Here's how I look at it: when my '68 fastback was sold new, it retailed for about $2700 brand new. Since my car was sold on Dec 31, 1968 I'm assuming it was a leftover and as such it lke likely sold for less. When I was in high school about ten years later, in 1978 my car would have been worth about the same as when it was brand new, that is, $2000 to $2500 or so. I bought it in 2001 for $7,200 and would have paid more if I had to. At that time the car was 33 years old. Now fast forward to 1988 when my '88 GT 5.0 was new. It cost $16,000 new and has every available option, including the rare T-Tops which were never really offered in '88 but a few were built from leftover '87 bodies, which makes it fairly uncommon. Ten years later the car might have been worth $5000 on a good day. Presently the car is 18 years old and in very good condition. It's never been wrecked and since the car sees very little use, and mostly by my wife, it's never been abused. Know what it's worth today? About $2500, give or take a little. My theory on this is lack of emotion over them is because of the complexity of computer controlled, EFI cars. I feel that the more electronics in anything, the less character or soul that thing has. Nobody gets emotionally attached to their laptop do they? How about your VCR? Nodoby gave a flip when they went out because they were replaced with something better. Same as the Fox-bodies 5.0 Mustangs, the cars that followed were better looking, rode better and were faster, so even though the Fox-bodied cars were the cars that brought back the modern musclecar to America, nobody cares these days. They are busy buying better cars and discarding the older ones. They are too complex for Joe Average to restore with his kid in the garage, so out they go. Ever see the wiring harness in a late '80's Mustang? Looks like something out of the space shuttle, doesn't it? Look under the hood, there's more stuff under there than you can shake a stick at, and none of it looks racy or interesting does it? And don't even think that bolting on a set of aftermarket valve covers is going to make it any better, even if it did, you hafta disassemble the EFI to even get to the valve covers!5.0zone said:
Harley Davidson ( my least favorite bike) has made a national treasure out of selling easy to work on, easy to personalize bikes. Are they high tech? No. Are they fast? Get real. But guess what? Any idiot that can find the sharp end of a screwdriver can wander over to a parts catalog, pick out an aircleaner he (or she) likes and install it with no college degree, no shop manual and no special tools needed. Same goes for swapping a cam out of a Harley, I'll bet most of us have the needed tools in the wife's kitchen drawer to swap cams in a air-cooled hog. Guess what, people of all kinds are falling all over themselves to buy overpriced H-D motorcycles so they can personalize it, make it "theirs" by bolting parts on it in their own garage. Anyone remember when new cars were that simple? I remember when the most complex new car in my hometown was a '69 Superbee with three dueces. I'm dead serious. Nobody took their cars to the shop to have them worked on then, yet when I open the hood on my late model Suburban, I don't see anything in there I can trouble shoot. When it fails, it's off to the dealer. Not my wife's '69 Corvette or my '68 fastback. I know every inch of those cars and have rebuilt everything so far anyway, so what's left to fail? Know what else? The Suburban had been on a slide-bed tow truck twice by the time it had 60,000 miles on it. Each time it was for an expensive, high tech parts failure. You want to get attached emotionally to a car lie that? Neither do I, which is why the day of collector musclecars will always be limited to the cars that are already considered classics. Bet on it.
krash kendall
Active Member
ultrastang
Founding Member
On April 17th, 1964, the Mustang made it debut in Ford dealerships all across the country. People were frantic to get into the dealerships to get a glimps of the new Mustang in person.
The Mustang craze was started, but I don't think peolpe then --not even Ford, realized at the time what an impact the Mustang would make on society. Today, the Mustang is probably more popular than it was when first introduced.
At that time, there were specialty Mustangs such as the Hi Pos and the Shelby versions that bring big money in today's market. Later on in '69, there was the Boss 302s, Boss 351s, Boss 429s & Cobra Jets, etc.
Until very recent times, the main focus of buyers/collectors was with the '65/'66 models. After the remake of "Gone in 60 Seconds," and the reintroduction of the movie "Bullitt", the '67/'68 Models started getting much more recognition and as a result increasing their values even for the common '67/'68 models.
After 25 years, a vehicle is considered an antique. In most automotive circles after 15 years, a vehicle is considered a "classic". With vehicles like the '84-'86 SVOs, '93 Cobras and Cobra Rs, '94-'04 SN-95 Cobras, Boss Shinodas, Bullitts, Mach 1s, and all the other versions that are coming out or being re-introduced, they will have their time in being valuable cars.
As far as my '68 nothcback, '90 GT, or my '03 Mach 1 goes, I don't care anything about collector values for them. I didn't buy any of them to put in a plastic bubble to be a conversation piece or to be garage or trailer queens. My purpose for buying them was to drive and enjoy them. If the miles roll up and the paint gets some chips in it, so what. Paint can be redone, and engines can be rebuilt. In the mean time, I get to have some fun with them.
www.ultrastang.com
The Mustang craze was started, but I don't think peolpe then --not even Ford, realized at the time what an impact the Mustang would make on society. Today, the Mustang is probably more popular than it was when first introduced.
At that time, there were specialty Mustangs such as the Hi Pos and the Shelby versions that bring big money in today's market. Later on in '69, there was the Boss 302s, Boss 351s, Boss 429s & Cobra Jets, etc.
Until very recent times, the main focus of buyers/collectors was with the '65/'66 models. After the remake of "Gone in 60 Seconds," and the reintroduction of the movie "Bullitt", the '67/'68 Models started getting much more recognition and as a result increasing their values even for the common '67/'68 models.
After 25 years, a vehicle is considered an antique. In most automotive circles after 15 years, a vehicle is considered a "classic". With vehicles like the '84-'86 SVOs, '93 Cobras and Cobra Rs, '94-'04 SN-95 Cobras, Boss Shinodas, Bullitts, Mach 1s, and all the other versions that are coming out or being re-introduced, they will have their time in being valuable cars.
As far as my '68 nothcback, '90 GT, or my '03 Mach 1 goes, I don't care anything about collector values for them. I didn't buy any of them to put in a plastic bubble to be a conversation piece or to be garage or trailer queens. My purpose for buying them was to drive and enjoy them. If the miles roll up and the paint gets some chips in it, so what. Paint can be redone, and engines can be rebuilt. In the mean time, I get to have some fun with them.
www.ultrastang.com
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