Future Classic Corvette Values
Thread Starter
Instructor
Joined: Sep 2001
Posts: 129
Likes: 1
From: North Central TENNESSEE
Future Classic Corvette Values
Good Evening all. I was just wondering what others think will happen to the value of our Classic Corvettes in the future. The prices of Model T's have gone down in the last few years as people remembering those cars have stopped driving. Will the same happen to our beloved cars? Is there a point where no one will want an old gas powered car anymore? Just wondering...
Alex
Alex
Drifting
Joined: Sep 2004
Posts: 1,390
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From: Richmond VA
I hear what your saying...but I dont see this thing dying down anytime soon. I'm in my 30's and I know a few others that are in their 20's and have C2's. A lot of the members in their 20's that own the less expensive and less demanded for C3's(most of them) would love the time that the C2's start to lose their grip and the demand for high prices.
Shoot...when they start falling I will start buying them up. I love them even if the "Rich boys" change their focus in a few years. My son and all of his 10 year old friends think my cars the coolest in the hood and thats how I started. Think about how you started dreaming about having your own C2. Look at what Ford and Chrysler are doing. They want the cool, never get old looks of the 60's and 70's muscle cars. A model T...they arent the same. I am sure that their nice and all, but they arent cool. How many chics would think that a Model T is cool...even back then?
Dont worry about that happening at least for the next 20-30 years. IMHO
Tim
Shoot...when they start falling I will start buying them up. I love them even if the "Rich boys" change their focus in a few years. My son and all of his 10 year old friends think my cars the coolest in the hood and thats how I started. Think about how you started dreaming about having your own C2. Look at what Ford and Chrysler are doing. They want the cool, never get old looks of the 60's and 70's muscle cars. A model T...they arent the same. I am sure that their nice and all, but they arent cool. How many chics would think that a Model T is cool...even back then?
Dont worry about that happening at least for the next 20-30 years. IMHO
Tim
Race Director
Joined: May 2000
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You have a good point. Few cars cross the "generation gap", but just seeing one rumbling down the street will get wood for any 12 year old regardless of generation, and DRIVING ONE, especially with a mechanical lifter engine will... well you know what I mean.
Duke
Duke
Melting Slicks
Joined: Apr 2002
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From: 20 forward gears to shift through in MD
Originally Posted by SWCDuke
You have a good point. Few cars cross the "generation gap", but just seeing one rumbling down the street will get wood for any 12 year old regardless of generation, and DRIVING ONE, especially with a mechanical lifter engine will... well you know what I mean.
Duke
Duke
I can say that many youngsters (god, I feel old) have yelled out "Coooool Car!!!" when I have been driving to or from work in one of my mid years. And, I must admit, it makes ME feel young driving it... 
(and yes, Duke, I STILL get wood driving mine... 
)
Race Director
Joined: Jul 2002
Posts: 11,593
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From: Clayton NC
I think the biggest reason that the vettes or any of the muscle cars will not fall off anytime soon is... They can be still driven on the road.. Model T's can't get out on interstate and go 80+mph and keep up with traffic. Totally different comparison. I think that these cars will continue to increase in value until the oil runs out... For me at 29 and I've had my vette for two years now I don't see them falling out of favor.. I get all kinds of people wanting to buy it or go for a ride... Dave...
Drifting
Joined: Sep 2004
Posts: 1,390
Likes: 4
From: Richmond VA
Originally Posted by f2023
I think you guys in your 20's and 30's are really lucky to have a c2. When I was that age I had two kids and a Pinto wagon.
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Burning Brakes
Joined: Mar 2004
Posts: 1,108
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From: Plano Texas
Interesting topic. I've wondered the same thing many times, but I don't think we have to worry too much. With the new crop of young car guys out there hopping up everything from Honda Civics to 60's Muscle Cars, there seems to be an ample supply of new blood coming into the hobby. As these car guys mature, they will expand their wants and desires as we did when the pocketbook can afford. Due to the Corvette's exclusivity (purchase price and fiberglass), I believe it will always be a sought after collectible. Ford made a gazillion Model Ts and that's why they aren't as desireable. Besides, they aren't much fun to drive.
Le Mans Master
Joined: Nov 2004
Posts: 7,850
Likes: 142
From: Tampa, Fl.
this is a subject I have thought about numerous times . the cars we are playing with are really investment grade items and, like it or not, should be considered as such. your total investment in your toy needs to be recouped, along with interest if and when it is sold. it concerns me when I see a car listed as such: 67 chevelle big block, tada, tada, over 20,000 invested, first 12,500 takes it. that is just plain nuts. it's bad enough to take a hit on the grocery getter, but not your toy, too. street rods have also been a part of our life. when you attend a street rod meet, you see a number of young people, 20's, maybe dating, checking out the cars. I don't see this at a corvette function. the younger people will provide continuity to the hobby. the cushman and mustang scooters will die with the 60 + year old bunch because, so far, they have no relationship with the 20-40 year old bunch.
for many folks here, 'vettes have been a constant source of pleasure (and headache). maybe, just maybe, some of it will rub off on the kids.
chuck
for many folks here, 'vettes have been a constant source of pleasure (and headache). maybe, just maybe, some of it will rub off on the kids.
chuck
Instructor
Joined: May 2003
Posts: 165
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From: georgetown KY
C2's will (knock on wood) never lose their value. there's not going to be anymore of them made and there is no doubt that their appeal will not fade. if you don't believe me, hop in your car, drive past elementary school playground, rev motor, and wave.
you'll get more smiles and make more children's days then you have hands and toes.
i'm 22 years old and i can still remember the first time i saw a cherry red convertible C2. it was all over then. i had to have one. too bad i was only 4.
you'll get more smiles and make more children's days then you have hands and toes.
i'm 22 years old and i can still remember the first time i saw a cherry red convertible C2. it was all over then. i had to have one. too bad i was only 4.
Melting Slicks
Joined: Mar 2004
Posts: 2,965
Likes: 419
From: Melbourne FL
Originally Posted by 1964coupe
C2's will (knock on wood) never lose their value. there's not going to be anymore of them made and there is no doubt that their appeal will not fade. ...
Thread Starter
Instructor
Joined: Sep 2001
Posts: 129
Likes: 1
From: North Central TENNESSEE
To put another wrench into the mix, what happens when gas becomes to costly to use our cars or is no longer available at all? What happens when the preferred fuel is hydogen or some other fuel? Will there come a time when cars are obsolete and they become worthless as anything but a conversation piece?
Just wondering out loud.
Alex
Just wondering out loud.
Alex
Melting Slicks
Joined: Nov 2002
Posts: 2,460
Likes: 5
From: Wheaton IL
Dave/Alex,
If you put your comments together you'll find the inevitable future of Corvettes. Much Like the Model T's are undriveable today, someday the Corvettes will be undrivable. Here we are ~100 years after the model T and it is more or less a novelty - sure it can sputter around but you can't really drive it. Look at the progress that has been made!
In 2065, my '65 will be 100 years old. Over the next 60 years, I expect that fossil fuels will be extremely expensive if not obsolete and these cars will become novelty items. Who knows what could happen in 60 years!! Maybe we'll see cold fusion or some other disruptive technology.
BUT... like all you Baby Boomers that are fortunate enough to buy 1,2,3 or more beautiful Corvettes, I too will be fortunate enough to afford ONE corvette and then all the GAS required to drive them. Too bad gas is a consumable item and my money will be up in smoke.
brian
If you put your comments together you'll find the inevitable future of Corvettes. Much Like the Model T's are undriveable today, someday the Corvettes will be undrivable. Here we are ~100 years after the model T and it is more or less a novelty - sure it can sputter around but you can't really drive it. Look at the progress that has been made!
In 2065, my '65 will be 100 years old. Over the next 60 years, I expect that fossil fuels will be extremely expensive if not obsolete and these cars will become novelty items. Who knows what could happen in 60 years!! Maybe we'll see cold fusion or some other disruptive technology.
BUT... like all you Baby Boomers that are fortunate enough to buy 1,2,3 or more beautiful Corvettes, I too will be fortunate enough to afford ONE corvette and then all the GAS required to drive them. Too bad gas is a consumable item and my money will be up in smoke.
brian
Last edited by Allcoupedup; Mar 7, 2005 at 10:07 PM.
Race Director
Joined: May 2000
Posts: 12,712
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I think Alvin Toffler's "Future Shock" was published in 1968, and "future books" became the rave. I recall I read Future Shock in the early seventies. The one thing I remember it said was that we would have problems deciding what to do with all our "leisure time" in the future. The fact is that people are working longer and harder, including ancillary activities like commuting, than every before.
The one thing that all the futurists have in common is that they were ALL WRONG, and I don't think today's "futurists" are any more savy. No one saw the electronics revolution (and the stock market was going to appreciate 20 percent a year forever), and not even Bill Gates saw the future of the internet even after it had essentially fallen on his head.
Re: hydrogen - where ya gonna get it? Today you either produce it from methane with CO2 as a byproduct - as much as if you BURNED the methane, or you build 10 terawatts of additional electrical generation capacity powered by fossil fuel (?) (or NUCLEAR?) to produce hydrogen from electrolysis.
Well, I'm probably wrong too. Heck, we'll probably be harvesting hydrogen from the sun in 2025.
Duke
The one thing that all the futurists have in common is that they were ALL WRONG, and I don't think today's "futurists" are any more savy. No one saw the electronics revolution (and the stock market was going to appreciate 20 percent a year forever), and not even Bill Gates saw the future of the internet even after it had essentially fallen on his head.
Re: hydrogen - where ya gonna get it? Today you either produce it from methane with CO2 as a byproduct - as much as if you BURNED the methane, or you build 10 terawatts of additional electrical generation capacity powered by fossil fuel (?) (or NUCLEAR?) to produce hydrogen from electrolysis.
Well, I'm probably wrong too. Heck, we'll probably be harvesting hydrogen from the sun in 2025.
Duke
Last edited by SWCDuke; Mar 7, 2005 at 09:46 PM.
Melting Slicks
Joined: Dec 2002
Posts: 2,257
Likes: 6
From: Mission Viejo California
Originally Posted by Alex in Germany
...what happens when gas becomes to costly to use our cars or is no longer available at all?
They could be converted to electric power. They could run on hydrogen.
The problem will come if laws are passed to prohibit antiques or to crush them. It will be governments that will kill classic cars, not lack of fuel.
Instructor
Joined: May 2003
Posts: 165
Likes: 0
From: georgetown KY
Originally Posted by Seaside63
You can make alcohol from corn. Corvettes can be made to run on alcohol.
They could be converted to electric power. They could run on hydrogen.
The problem will come if laws are passed to prohibit antiques or to crush them. It will be governments that will kill classic cars, not lack of fuel.
They could be converted to electric power. They could run on hydrogen.
The problem will come if laws are passed to prohibit antiques or to crush them. It will be governments that will kill classic cars, not lack of fuel.
the government better send a couple batallions of well armed marines if they plan on crushing my vette......that's just not cool man
Melting Slicks
Joined: Mar 2004
Posts: 2,965
Likes: 419
From: Melbourne FL
Originally Posted by Seaside63
The problem will come if laws are passed to prohibit antiques or to crush them. It will be governments that will kill classic cars, not lack of fuel.
