Here's the story in a nutshell. Prices are simply a result of supply and demand. Now, this may be hard to believe, but eventually, demand will go down, and supply will go up, and prices will fall. Here's how it goes.
1. The average guy will get priced out of the market. Demand down.
2. Retro cars from the car makers will become more attractive and affordable. Demand down.
3. Enjoyment for owners will diminish as they become more afraid to drive their cars for fear of minor damage. They
will begin to look for more practical pasttimes. and will sell their cars. Demand down, supply up.
4. Prices will stabilize, which means that investors will look for another market, so their cars will come onto the market.
Demand down, supply up.
5. Speculators, seeing prices starting to soften, will try to unload their cars at "bargain prices". Demand down, supply up.
6. Baby boomers will get too old, or pass away, or go to assisted living, and their cars will come onto the market.
Demand down, supply up.
7. Demand from the "Next" generation for these cars will not be as great. Demand down.
8. There are still literally hundred of thousands of undiscovered/unrestored muscle cars in towns across America. Due to price
pressure, many of these cars will eventually come onto the market. I know of at least 50 cars, just in my small home town,
that are being restored, and that's just the ones I know about. Supply up.
9. External forces: Oil prices, gas prices, global recession, clunker legislation, tighter restrictions, alternative fuels,
new technologies, terrorism, global pandemics, could all have serious impact on supply and demand of everything including
our beloved cars.
So you see folks, it's only a matter of time. Although it won't affect the "rare" cars as much, as it does the others, it will affect them all.
Just my opinion, but I'm sticking to it. It's the only thing I own without a payment.
