Corvette values going down?
Melting Slicks
Joined: Apr 2005
Posts: 2,777
Likes: 105
Originally Posted by AZDoug
And in 20 years when all the cars on the road have radar, collision avoidance, automatic braking and are probably in communication with all the other cars around them so every car knows what is going on, you won't be able to drive your fiberglass dinosaurs safely anymore in congested area either.
Doug
Doug
Our relics will then become museum pieces. 
Instructor
Joined: Nov 2014
Posts: 186
Likes: 8
From: SLC Utah
I'm 32 with a '66 so I'm not really the new generation. I think prices and demand will both drop, or prices will stay the same but it will take a long time to sell unless you've really got something special. By the time my kids are driving all cars will likely be autonomous. And all our classics will only be able to be driven in specified areas.
I wouldn't have my '66 if it weren't for my dad, and most of my friends are more interested in the cars from their youth. My friends that are car guys have 90s and 2000s Vettes, Vipers, and one had an Acura NSX. Things are definitely changing.
I wouldn't have my '66 if it weren't for my dad, and most of my friends are more interested in the cars from their youth. My friends that are car guys have 90s and 2000s Vettes, Vipers, and one had an Acura NSX. Things are definitely changing.
Le Mans Master
Joined: Feb 2004
Posts: 7,356
Likes: 870
From: Norcal CA
2018 C1 of Year Finalist
Speaking with a co-worker about the value of the classic corvette a thought arose.
Right now, C1 and C2 corvette are worth more money than ever. The people interested in those cars are at the end of their career and have plenty of money to spend on an "unnecessary" vehicle. What will happen when that pool of people is thinned out by old age? Does the next generation have an attachment to those cars like this one does? If so, will that attachment be strong enough for them to spend $100K on one?
Just the other day I spoke to a friend that was in the process of a 69 Camaro restoration, I asked him how it was going, he told me he had already sold the car so he could pay for a fence in his back yard.
What do you think?
Right now, C1 and C2 corvette are worth more money than ever. The people interested in those cars are at the end of their career and have plenty of money to spend on an "unnecessary" vehicle. What will happen when that pool of people is thinned out by old age? Does the next generation have an attachment to those cars like this one does? If so, will that attachment be strong enough for them to spend $100K on one?
Just the other day I spoke to a friend that was in the process of a 69 Camaro restoration, I asked him how it was going, he told me he had already sold the car so he could pay for a fence in his back yard.
What do you think?
The classic car restoration/modification industry is going well and strong. There are plenty of the younger generation who are into cars. Why do you think Forza is so popular?
C1/C2 will always hold their value. Its a legendary and iconic sports car regardless of what happens in the future.
There is something special driving a manual steering, manual brakes and manual transmission corvette. Your senses are more awake when you drive a corvette on a windy road. You feel every bump and every pebble as you drive. You listen to the engine harmonics while glancing at the gauges. All of your senses are in play during a drive.
Davpmars, I truly think you do not get it. I can take my corvette out and give someone a drive then they finally get it.
BTW, I am not a baby boomer.
Last edited by jimh_1962; Apr 11, 2016 at 11:57 AM.
Team Owner
Joined: Aug 2007
Posts: 58,061
Likes: 7,145
Army
I dunno - every time I turn around I see some new low-life show about classic car restoration being touted on the Velocity Channel - SOMEBODY is watching them.
How is a show "highly-acclaimed" before its first airing ?
Like we need another such series with contrived deadlines, ludicrous car prices, tatooed punks festooned with bizarre metal facial piercings, Don King hairdos, beards that are safety hazards to anybody that does real work, ball caps down over their ears and hockey-puck earrings and they all seem to sport sappy smirks on their faces.
The serious restoration guys I know are '*****-to-the-wall' no-nonsense types. They have a sense of humor but its business not bullsh!t. If I smarted-off to a couple of those guys like they do on TV I'd be looking for a dentist - and rightfully so...
I do a virtual-reality punch out on that clown on Graveyard Carz every time I happen across it when channel surfing. TV drama or not he goes way too far...
All his blather, supposedly off-the-cuff about original MoPar options and rare features and he crowns off his restored engines with Edelbrock carbs. WTF?
[/rant]
How is a show "highly-acclaimed" before its first airing ?
Like we need another such series with contrived deadlines, ludicrous car prices, tatooed punks festooned with bizarre metal facial piercings, Don King hairdos, beards that are safety hazards to anybody that does real work, ball caps down over their ears and hockey-puck earrings and they all seem to sport sappy smirks on their faces.
The serious restoration guys I know are '*****-to-the-wall' no-nonsense types. They have a sense of humor but its business not bullsh!t. If I smarted-off to a couple of those guys like they do on TV I'd be looking for a dentist - and rightfully so...
I do a virtual-reality punch out on that clown on Graveyard Carz every time I happen across it when channel surfing. TV drama or not he goes way too far...
All his blather, supposedly off-the-cuff about original MoPar options and rare features and he crowns off his restored engines with Edelbrock carbs. WTF?
[/rant]
Last edited by Frankie the Fink; Apr 11, 2016 at 12:24 PM.
