midyear current pricing
Thread Starter
Drifting
Joined: May 2012
Posts: 1,623
Likes: 51
From: Gastonia North Carolina
midyear current pricing
So as of the last 2 years I've been very busy at work and have not followed pricing closely on these cars, so that begs a question from some of the knowledgeable followers.
Have sell prices increased or decreased? While I fully understand this can be a tricky question, it's sincerely an honest one.
Asking prices seem in the general ballpark say over the last 3-4 years. Basic drivers to NCRS.
Any help would be greatly appreciated.
Have sell prices increased or decreased? While I fully understand this can be a tricky question, it's sincerely an honest one.
Asking prices seem in the general ballpark say over the last 3-4 years. Basic drivers to NCRS.
Any help would be greatly appreciated.
Drifting
Joined: Jun 2002
Posts: 1,450
Likes: 118
From: Glendale AZ
Lately, it seems that the better buys are at auctions that do not allow a "reserve price" because dealer/buyers have educated themselves to refuse to bid ON A CAR THAT MUST BE SOLD AT THE FINAL BID when it reaches the final stages is a way to create 20K of "instant equity", ie, buying a car worth 90K on a Friday AM for 65K is good business.
Team Owner
Joined: Apr 2008
Posts: 31,744
Likes: 2,379
From: Middle TN by way of KY, OH, VA, IL, CA, FL, NY, SC, HI
So few of these cars sell over time relative to others, that almost any sales data is bound to be strictly anecdotal. Even the on line valuation tools are all over the place and can't seem to agree with the market. Plus, the year over year increase in using auctions as sales points for the last decade has skewed the market.
I'll say this: I looked for three years before buying mine which I've had over three years, and I do not detect any significant trend up or down. As was said above, it depends on the individual car, the seller, and the buyer, and sometimes the sales venue.
I don't see a rush for the exits underway, nor do I see an out of control price run-up, either of which would be bellwethers of any meaningful price change.
Last thought: these should not be investments anyway (for the 99%), and are mostly about as costly as a new car.
I'll say this: I looked for three years before buying mine which I've had over three years, and I do not detect any significant trend up or down. As was said above, it depends on the individual car, the seller, and the buyer, and sometimes the sales venue.
I don't see a rush for the exits underway, nor do I see an out of control price run-up, either of which would be bellwethers of any meaningful price change.
Last thought: these should not be investments anyway (for the 99%), and are mostly about as costly as a new car.
Last edited by Easy Rhino; Jul 14, 2017 at 08:09 AM.
Team Owner
Joined: May 2005
Posts: 31,497
Likes: 1,313
From: Huntsville AL
OK, so I am actively looking for a nice #2 C2 car. Not a fuelie or other rare car, but a nice cruiser.
I definitely see lots of sellers, and not a lot of buyers. Basic economics tells you what will happen. Buyers market means reduced prices.
And I have actually seen cars change hands in the last couple of weeks for significantly reduced priced (like a car with an asking of $65K that went for $60K).
I also think this will continue.
Some sellers will not reduce their cars to the point where they lose money, some will.
Nice top notch cars will bring high prices. Lower driver cars are beginning to hit, and possibly saturate the market.
It is a good time to be buying, IMHO.
I definitely see lots of sellers, and not a lot of buyers. Basic economics tells you what will happen. Buyers market means reduced prices.
And I have actually seen cars change hands in the last couple of weeks for significantly reduced priced (like a car with an asking of $65K that went for $60K).
I also think this will continue.
Some sellers will not reduce their cars to the point where they lose money, some will.
Nice top notch cars will bring high prices. Lower driver cars are beginning to hit, and possibly saturate the market.
It is a good time to be buying, IMHO.
Instructor
Joined: Oct 2015
Posts: 164
Likes: 10
From: SouthWest Mancave California
$50k and up for matching numbers, options or year bring a premium. Non-matching drivers look to be selling for in the $40's.
For some reason the dealers are buying them all up, I don't know why, but it seems lots of folks don't buy from a private party, myself, I would rather buy from a PP.
Buyer needs to be realistic also, 50 year old car is not like buying a new car, lots can happen, good and bad, good cars will always bring good $$.
For some reason the dealers are buying them all up, I don't know why, but it seems lots of folks don't buy from a private party, myself, I would rather buy from a PP.
Buyer needs to be realistic also, 50 year old car is not like buying a new car, lots can happen, good and bad, good cars will always bring good $$.
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Melting Slicks
Joined: Jun 2001
Posts: 2,750
Likes: 724
From: Fountain Hills Arizona
2022 C2 of the Year Finalist - Modified
It seems like every time I sell a car, I have a difficult time finding a suitable replacement at the right price point. Most owners are rarely in a position in which they have to sell, so they will either get a suitable price for their car, or they will just keep it. That is the position I am in, never have to sell, never have to buy, but often times would like to sell one car to facilitate another purchase. Others will say the market is soft, but i haven't been able to find any great cars at bargain prices.
Intermediate
Joined: Dec 2016
Posts: 36
Likes: 3
From: PDX OR
Last November, paid 55k including BAT auction fees for 1964 365hp matching numbers, all original, older NCRS Top Flight, very nice paint/interior. I thought price was on target, not a steal. Put about $1500 into it (new exhaust, shocks, tires, fluids). Really enjoying the car
Last edited by gsholz; Jul 14, 2017 at 02:02 PM.
Thread Starter
Drifting
Joined: May 2012
Posts: 1,623
Likes: 51
From: Gastonia North Carolina
My most recent research has shown advertised prices are relatively flat.
While I agree with valuation per car and it's intended customer, that's not really my question.
Rarer options, colors, and BB NCRS award cars will always command top dollar that's a given.
What got my heart pounding again was driving my buddies bowtie capable 30k original mile 67 L71 coupe a few weeks back.
While that type of car is out of my budget currently, I'm looking hard at where my scope should surround.
While I agree with valuation per car and it's intended customer, that's not really my question.
Rarer options, colors, and BB NCRS award cars will always command top dollar that's a given.
What got my heart pounding again was driving my buddies bowtie capable 30k original mile 67 L71 coupe a few weeks back.
While that type of car is out of my budget currently, I'm looking hard at where my scope should surround.
Drifting
Joined: Feb 2005
Posts: 1,788
Likes: 131
I don't think much has changed. The stored cars needing work are more reasonable but harder to find regarding year, coupe, convertible , options, location desired. Drivers mid thirties and up. Really sharp maintained examples probably 50 and up. Certain years that are very popular, 53-62, 63 coupe, 67 anything, FI optioned anything, are testing the limits. First class restored cars, ... some owners just want to recover their cost. C-3 and 4 values have to be on the incline. They have been reasonable for years and now getting recognition.
Value depends on what the buyer is satisfied with, year, model, and condition.
Value depends on what the buyer is satisfied with, year, model, and condition.