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Post Info TOPIC: Collectible cars with enduring value.


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Collectible cars with enduring value.
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Hope the link works. Be sure to check out number five, maybe he's not so crazy after all. 

 

http://editorial.autos.msn.com/collectible-cars-with-enduring-value#1

 



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Kevin

Northwestern Ohio



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Huh, see, getting in on the ground floor. Value can only go up...thumbsup

Be going to get the Corsa from CO on the 23rd...cool



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Mitch D.   River Falls, WI

Lifetime member of the "Cars apart Club"

1966 Chevelle SS 396 M20

1970 Chevelle SS 396 M20

1967 Camaro SS/RS 350 M20



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dashboard wrote:

Hope the link works. Be sure to check out number five, maybe he's not so crazy after all. 

 

http://editorial.autos.msn.com/collectible-cars-with-enduring-value#1

 


No, he's still crazy.  razz



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Bungy L-76 wrote:
dashboard wrote:

Hope the link works. Be sure to check out number five, maybe he's not so crazy after all. 

 

http://editorial.autos.msn.com/collectible-cars-with-enduring-value#1

 


No, he's still crazy.  razz


Thank you,

Thank you,

Thank you very muuuuuuuuuch...tiphat



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Mitch D.   River Falls, WI

Lifetime member of the "Cars apart Club"

1966 Chevelle SS 396 M20

1970 Chevelle SS 396 M20

1967 Camaro SS/RS 350 M20



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Yep you're right, he's nuts and there is no cure for him however, we are all a little daffy if we play with these old cars; some more dingy than others. I think car clubs are more about support groups than car clubs.

Did anyone read the rest of the article? Part of it is 'cut and pasted' below.




One Last but Huge Caveat

There is one key characteristic that collectible-car markets and stock markets have in common: Prices go up, and prices go down. On this score, investors beware.

For example, a crash occurred in the market for classic American muscle cars just before the stock market meltdown of 2008 to 2009. There was a huge run-up in prices in the 2000s for Chevrolet Chevelles, Dodge Chargers, and other ’60s-era midsize cars with monster V-8 engines that were abandoned or mothballed during the gas-crisis years. Then, in 2008, muscle cars went around dead man’s curve and valuations drove off a cliff. Hagerty's maintains a Muscle Car Index, similar to the Blue Chip Index. It fell 38% from its high in 2007 to a low in 2010. Today prices have rebounded somewhat, but they are still 30% below their previous highs, per the Hagerty index.

Read more at http://www.kiplinger.com/article/cars/T009-C000-S001-wise-investments-in-collectible-cars.html#5Yw1MhVMKyMrofdk.99



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Kevin

Northwestern Ohio



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dashboard wrote:

Yep you're right, he's nuts and there is no cure for him however, we are all a little daffy if we play with these old cars; some more dingy than others. I think car clubs are more about support groups than car clubs.

Did anyone read the rest of the article? Part of it is 'cut and pasted' below.




One Last but Huge Caveat

There is one key characteristic that collectible-car markets and stock markets have in common: Prices go up, and prices go down. On this score, investors beware.

For example, a crash occurred in the market for classic American muscle cars just before the stock market meltdown of 2008 to 2009. There was a huge run-up in prices in the 2000s for Chevrolet Chevelles, Dodge Chargers, and other ’60s-era midsize cars with monster V-8 engines that were abandoned or mothballed during the gas-crisis years. Then, in 2008, muscle cars went around dead man’s curve and valuations drove off a cliff. Hagerty's maintains a Muscle Car Index, similar to the Blue Chip Index. It fell 38% from its high in 2007 to a low in 2010. Today prices have rebounded somewhat, but they are still 30% below their previous highs, per the Hagerty index.

Read more at http://www.kiplinger.com/article/cars/T009-C000-S001-wise-investments-in-collectible-cars.html#5Yw1MhVMKyMrofdk.99


 Good thing I didn't buy my cars to flip for profit. I could still sell most of them for what I have in them with the major exception being the GTO. For starting out with a $1500 car, imma gonna lose my tail when that one leaves...clonk



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Mitch D.   River Falls, WI

Lifetime member of the "Cars apart Club"

1966 Chevelle SS 396 M20

1970 Chevelle SS 396 M20

1967 Camaro SS/RS 350 M20



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Kevin, from the subject of this post, I'm guessing you are ready to pull the trigger on the next 'project'....?  stirpot

And, I'm guessing you are watching the Barrett Jackson auction on TV this weekend to watch the prices?



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SShink wrote:

Kevin, from the subject of this post, I'm guessing you are ready to pull the trigger on the next 'project'....?  stirpot

And, I'm guessing you are watching the Barrett Jackson auction on TV this weekend to watch the prices?


Getting closer.

 



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Kevin

Northwestern Ohio

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