Car prices continue to slide???

[gcone]

There is no question that the muscle car segment has softened-drastically...and will probabley continue to.  I have placed (sold/brokered) over 300 vehicles since 1999...If it is an investment that motivates you, your safest bet is to stay with the 70 and 71 E-Bodies with the 426 or 440-6.  While the target market has shrunk, there are still buyers for these authenic, numbers-matching, low production cars.  Of course, one must be knowledgable, have balls of steel, well connected and have numerous cream cans of cash buried in the back 40 to successfully do this!

On the other hand, the softening market will create a great oppertunity in other areas.  I have noticed a shift of interest to the A-Body segment in the last 6-9 months, followed by interest in driver-quality Chargers and Roadrunners.  The winners (short-term) will buyers of upper-end, driver-quality vehicles.

[Challenger6pak]

The collector car market always follows the housing market. 

[ViperMan]

The collector car market always follows the housing market. 

An Interesting observation - I never really considered that.  Why do you think that is?

Jeff

[cudagirl4406pk]

The collector car market always follows the housing market. 

This is so true and also the stock market when they go down cars seem to do the same.

[426HEMI]

The reason for this is that the free money that is the money that people have extra is lacking right now.  Too many people going into bankruptcy and forcloseure.  Credit is tight in the housing market also.

[AprilsPink72Cuda]

This is so true and also the stock market when they go down cars seem to do the same.

I have noticed that car prices seem to go up when the stock market goes down.  Big dollar cars anyway.  I know of many people who play the market, and when things aren't looking so good they seem to want to invest in other things, such as classic cars, to play on the safer side with their money.

[72hemi]

I read an article in the Dupont Registry that said this year high end homes, cars, etc. went up 15% this year and that historically in times like these when the economy is slowing and there is trouble in things like the housing market the high end usually is not affected as much. Just thought I'd throw that out there.

[cudagirl4406pk]

The high end cars are being bought by the rich rich people but the normal working person cannot afford those.But the 30-50 thousand dollar cars that normal working people can by are on a slide downward i believe.