71 Cuda value Back on track....

[Pimtao]

but this is what this the youth today finds appealing.   

http://image.superstreetonline.com/f/16957267/130_0903_08_z+1989_honda_civic_si+rear_view.jpg

That's what the youth of today finds appealing

http://trendland.com/wp-content/uploads/2011/12/feo2-fixed-gear-bike-9.jpeg

[Topcat]

That's what the youth of today finds appealing

http://trendland.com/wp-content/uploads/2011/12/feo2-fixed-gear-bike-9.jpeg

while driving it, talking on an Iphone.   

[Pimtao]

 

[tman]

No No No.  This is what Yutes like:

http://www.shutterstock.com/s/skateboard/search.html

[djais1801]

I've never been into those, I am 45 now...have always been into American muscle/pony/etc. whatever you want to call it.

Hopefully, as these kids get older and get some $$$ they might appreciate our hobby more so than a civic si coupe

[Gus cuda]

Very good points by all. I believe the value of these cars going down has to do with two simple things. First is we are all growing older and the younger generation has no interest in these old dinosaurs. Just look around at the next car show you go to, look at all the gray beards. Next is the fact that money isn't flowing freely as it was back in 2006, back then all you had to have was a heartbeat and the banks would give you money. Now, I also agree that the "best" cars will always be very valuable, because that is where the big money plays. As for the rest of us with driver quality cars of some sort, I say drive and enjoy your "used" car.

[cudagirl4406pk]

In the end guys a car is only worth what someone is willing to pay for it regardless how much is invested or supposed to be worth in my view.

michele

[2cudas2go]

This is a factory 1974 318 'cuda that now sports a 440-6pak and they are asking $49,900 for it. Are there really people out there paying that kind of money for this kind of car? Or is it just wishful thinking on the dealer's part? 

http://www.autabuy.com/Vehicles/Details.cfm?VID=2011651&Year=1974&Make=Plymouth&Model=Cuda

[tommyg29]

This is a factory 1974 318 'cuda that now sports a 440-6pak and they are asking $49,900 for it. Are there really people out there paying that kind of money for this kind of car? Or is it just wishful thinking on the dealer's part? 

http://www.autabuy.com/Vehicles/Details.cfm?VID=2011651&Year=1974&Make=Plymouth&Model=Cuda

Wishful and hopeful thinking for a sucker with a lot of money, but that happens once in a lifetime.
Nice car but probably not worth half that, though if the dealer can somehow finance it he can get a little more for it.
As said before, not too many guys have half that much cash available to spend on a car like that.

[anlauto]

If that 74 is a really truly clean car....I could see high $20's maybe $30K......$50K is never going to happen, although  it would cost that much to build probably 

[FM3V6M]

I was just watching Mecum auction today and, like other recent auctions, noticed that these 60's and 70's muscle cars are not selling (reserve not met) more often than not.  It's obvious that sellers are still living in 2006 and buyers are not biting.  Now the cars that are selling are selling for a fraction of what it must take to restore them.  Of course everything looks great on camera, and most are probably not nearly as nice in person as on tv.  I saw nice looking '69 'r' code hemi charger sell in the high $40k range on a previous auction about a month ago, I couldn't believe it.  Today, a beautiful '67 SS396 Chevelle 4spd sold for $39k and a similar '66 sold for $33k, the owner must have lost a ton on those.  The prices are down, period.  As mentioned, you almost never see a '71 Cuda at auction anymore, at least a real Cuda as opposed to a Barracuda made to look like a Cuda,  The real '71 Cudas I see right now for sale on line are in the high $60k's through $90k's range for 383 and 340 cars, yes restored but these cars have been for sale for months and still not selling, but the sellers won't budge on the price, these sellers are nuts, still living in 2006/2007 

[cwestra]

I think a lot of what we're seeing now in price direction, or fluctuation, has (for the past few years) settled down to what you might normally see as a result of "car" guys making transactions instead of investors.  Investors really moved this market for a while there.  But the collapse in 2008/09 drove most of them out and on to other investments (stock market if they were smart), leaving it once again to us car guys.  Obviously, the same thing happened to home price values.  Prices soared on homes with investors jumping in looking for a quick profit.  It was a bubble that was going to burst, but nobody knew when.  And it was tough for anyone sitting on the sideline watching, to not be tempted to jump in as well and take advantage of these quick profits.  Now, you've got home owners owning homes for the purpose of living in them not flipping them.  The same goes for the muscle car market (except for the "living in them" part).  I do agree, however, that there's probably other influences in the muscle car market aren't there in other markets like home ownership.  One being the age of the people (including me) that grew up with these cars and can relate to them (as was mentioned earlier in this thread).  That influence, I would imagine, would tend to drive the market down a bit going forward.  Hopefully, however, it's offset by other factors like the uniqueness of them and their seemingly timeless beauty that the following generations can appreciate.  I do see some of this but not at a high rate, Ill admit.  We'll see.

[wantone]

so what does this mean: Dodge Shelby Z, IROC's, and Monte Carlo SS' are going to be the next blue chips for the 30 yr olds?

Well - for what it's worth - I'm 31 and i'd buy your car in a heartbeat if it went up for sale in ANYWHERE near what I can afford.     I've always been impressed with what you have.

[djais1801]

Well - for what it's worth - I'm 31 and i'd buy your car in a heartbeat if it went up for sale in ANYWHERE near what I can afford.     I've always been impressed with what you have.

thanks man! 

[HuntinCuda]

If that 74 is a really truly clean car....I could see high $20's maybe $30K......$50K is never going to happen, although  it would cost that much to build probably 

I agree with Alan 100% on this one.  As for the youths and what they like I don't think you will ever see these cars drop off as much as everyone is saying.  All these guys in their 50's and 60's THINK they know what us 30ish year olds like me and my buddies like and I just sit back and laugh because no matter how hard the older generation try they will never understand what we like.  Do kids live for souped up Jettas and rice burners?  Of course they do.  However, deep down they know, respect and like these classic muscle cars but know they're out of reach for them at this point.  What they are drawn to is what they can afford.  Back when the older generation were in their teens finding a cheap muscle car was easy so you guys had the luxury of grabbing a 340 cuda and wrenching on it for pennies.  Our generation couldn't dream of affording a gt or camaro  that was a few years old when we were 17 or 18.  We were left with a cheap 4 banger with a turbo if we were lucky.  There were no thousand dollr muscle cars.  If we were lucky we had 4 thousand to drop on a POS sentra hatchback.  All the while, our generation and future generations deep down still love and would always love to have a classic muscle car.  They are timeless to a point.  Look at nearly every fast n furious.  Yes, they have rice burners but who are the "big boys", the "kings of the street" they pull out in the end to woop everyone's butts?  It's a yenko camaro, a 69 charger with a blower, a judge etc...  You name it and the be all and end all to all cars are these muscle cars and even today's kids know it.  If anything, they seem so much more out of reach for todays kids that I see them wanting them and liking them even more.  I can't count how many times my car has been surrounded by bikes and cell phones.  Bottom line is this.  Don't mistake what kids drive and work on out of availability with what they really admire and want if given the funds and the choice.  It's just a matter of time until they have the funds so I don't see these cars going anywhere.  It's always a cycle thing and it will be forever.  The guys who grew up with these cars are to the point where they can afford the 60k - 100k collector while guys like me with a young family are just entering the 30k entry level restomod market.  Eventually it'll shift once again and those of us in the 30k market will move on to the 70k market as kids move out and the teens of today will leave the 10-15k tuner market and enter the 30k entry level muscle car market.  You have to remember, you can't look at this based off of years or generations either.  There is only one true original muscle car era and that will never change. It's not that these cars are a certain age it's that they are a certain TYPE.  If you want the original king of the street, the original grandfather of horsepower there's only one place to get it and even kids are more than aware of that.