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Asset Class of Vintage Cars Drops More than during 2008/2009
Posted by: phill66 ()
Date: January 17, 2018 05:54AM

Don't shoot me, I'm just the messenger. Remember, it's better to remain silent
and be thought a fool, than to post a rant and remove all doubt.

[wolfstreet.com]

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Re: Asset Class of Vintage Cars Drops More than during 2008/2009
Posted by: jjohnsonjo ()
Date: January 17, 2018 07:03AM

The classic car market is often inversely proportional to the stock market which is jamming right now.

J.O.

65 Corsa Turbo Vert
79 Honda XL 500S
69 Honda CL 160 D
2010 BMW F 650 GS
2003 Bounder 36D
2013 KIA Optima SX turbo-AKA ZIPPY (wife,s car)
69 Newport Holiday Sailboat
Baja 150 dune buggy cart
Coleman HS 500 UTV
2016 KIA Sorento SXL Turbo

Bethlehem,Pa

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Re: Asset Class of Vintage Cars Drops More than during 2008/2009
Posted by: BobV66Vair ()
Date: January 17, 2018 07:07AM

At least the overall value of those assets is still very good. Equities may be better for some but these cars are still an investment. When you bought does make a difference. Bought in 2015, Not so good but bought in 2009, great. I have never and will never be an investment car buyer but even so, I pay attention to prices so when I decide to sell one of my cars, it's at a good time in the market. Now is a good time to buy! I expect it to go up again at some point. It would be interesting to hear the report from Scottsdale.

Bob Vinnacombe
Sandy, Oregon
1965 Corsa 140 stock
1966 Monza Soon to be race car
1968 Monza Parts for now

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Re: Asset Class of Vintage Cars Drops More than during 2008/2009
Posted by: Seth Emerson ()
Date: January 17, 2018 05:22PM

I have never thought of a car as an "investment". Anybody here do this? I have always had another reason to buy a car. (There are so many.)

Seth Emerson

Check my new Performance Corvair Web site [www.perfvair.com]

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Re: Asset Class of Vintage Cars Drops More than during 2008/2009
Posted by: Melb-Mike ()
Date: January 17, 2018 06:08PM

As an overall category, they may well be correct. However, as some classes drop, others rise. Examples are;

Mopar muscle cars, especially 426 HEMI cars, down from a crazy high

Ford 55-57 T-Birds are down in similar fashion as Mopars

Ford Mustangs are up, especially 64-68 stock

Chevy Corvairs are UP, one of 8 or so quickly rising collectible cars (66 Monza convertible sold at Mecum last week for $29,000 + 10% commission)

As Seth said, who is foolish enough to EVER think buying cars is a sound investment. It's hobby driven, a passion to remind us of what was when we had a car we COULD work on without the need for a computer. It's never been an investment for me.

64 Greenbrier
64 Spyder (needs restoration)
65 Corsa 140, restored
66 Corsa turbo, restoring now
66 Corsa 140 "RR" code coupe fully restored
67 Pontiac GTO restored
69 Corvette 427 convertible restored
2004 Caterham R400 (Lotus super7)my race car
2015 Porsche Panamera S
2015 Corvette Z06
1965 AC Cobra (Factory Five)

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