CorvetteMikeB

I was watching Mecum Auto Auctions on TV the other day. They said , there are now three types of buyers for antique/ classic cars now.



Buyer:

#1 This buyer wants all original parts and with no upgrades, usually people in their late-60’s- 70’s reliving their high school days.

#2 This buyer wants to keep the car all stock, on the interior and exterior, but wants to upgrade to all power and new tech options.

#3 This buyer wants "all custom work" inside and outside with flares, custom paint jobs, all chrome engines, and all of today's modern options, Low Riders are a good example of this group.



Buyer #1 will no longer exist in 20 years, they thought, with the new generation of 20’s to 30’s old. This new generation wants all high tech cars that are easy and fun to drive, and they would never consider driving a car with a stick shift and no power options or cars not compatible with their smart phones.



This rule only applies to post-war cars, not the oil barren cars like the Duesenberg’s, Packard’s, or the Bugatti cars from the 1920’s




Thought you might find this interesting.

61 Roadster

Well, here's a first category type who's not yet 50; sounds like a buyer's market in a few years...

3JsVette

So anyone building a high end high tech restomod should stay away from manual transmissions for resale purposes?

CorvetteMikeB

Mecum Auto Auctions was referring to people now in their 20's and 30's, our future classic car buyers. Not us, the gray hair crowed.

You must have heard by now on the news, the 20's age group ,as a whole, are not buying cars or houses like previous past generations. The 20's age group have huge college dept to pay off and would rather spend money on memories, not material objects.

mattnSD

tbarb

I am a type one car enthusiast because I realize the value of good engineering plus I hot rodded enough stuff in the 70's.

All this talk about what the collector car market will be like in just 10 years does not consider the impact of the autonomous cars just around the corner. Electrical powered, GPS guided and just think about the safety compared to today plus the independence it will give older people that need to get around.

We may find out these old cars are not even allowed on roads in the near future.

Nowhere Man

The age factor comes into play becouse they are the ones who most likely have the disposable income and time to own a old car. A kid like me who is in his 30’s may want a classic Vette but it’s not a good choice with a five month old baby a wife and house to take care of.

RatDog

That’s exactly why I didn’t own a classic car until I was 62 and retired. I was able to own a few that are classics now but not classics when I bought them.


Steve

EnfieldJoe

I believe that when the Baby Boomer generation is gone, the Harleys, classic cars, and Hot Rods will become extinct and have no value to the Next Gens. The new generations are fixated on their smart phones, YouTube, social media, and other tech items. These new generations are not into STEM careers, or "trades" related careers where you work with your hands and make something. The USA has become a country of consumers, not innovators, or manufacturers of anything significant. The Next Gens love to make videos and post on YouTube, Twitter, Tumbler, et al.

The classic car auction houses see the future and are starting their misinformation campaigns to keep their dream alive IMO.

Just my two cents.

corvetteed

lotta truth in what EnfieldJoe says. There are exceptions, of course, but, in the next 15 years, hardly anyone will want the 50's cars, as now days, almost no one wants the 40's cars.

4 Speed Dave

Wait, I'm confused, so you don't have a Corvette?

kellsdad

It's none of my business, but with 30,000 posts over the past 3 years, how did you find time to conceive a child?

Nowhere Man

I only ever owned a 94 for 10 years as my daily driver. When I was growing up Dad bought his first 67 when I was 6. He made me work on it growing up and I learned to like old cars and mid years. By the time I got married and moved out he bough 2 other 67s and he helped me restore my Chevelle. About a month after I told him he was going to be a gramdpa he went out and bought the 65. I told him I wouldn’t have as much time to help him.

Nowhere Man

Been here for 13 years now. You would think I wouldn’t have a life but it’s been a busy one.

kellsdad

My mistake. I misread the 2015 in your profile. ... I hope your dream car comes along when life allows.

Nowhere Man

Well to be honest I enjoy my Chevelle very much and I always have dad’s mid years to think about. But then again those cars only share the ties and memory’s of us working on them or fighting about how we should do something to them

car junkie

I don't see the point in getting bummed out about negative or any predictions for that matter about the future considering the fact that they are ALWAYS wrong.

Remember the Japanese were going to buy the U.S. with never ending real estate sales with our money. I remember talk about them buying California, wonder if they still want it.

Remember the ice age was coming. Bird-less spring seasons, the population bomb and we all should be starving to death by now.

Don't be fooled by this crap, decent and not so decent model T's still find buyers.

car junkie

They even have a word for it. I would have replaced "often" with almost always if I wrote that. The point needs to be emphasized.

Chronophobia is defined as the persistent and often irrational fear of the future or the fear of passing time. Since time can be considered as a “specific object”, Chronophobia falls under the category of specific phobias. The word Chronophobia is derived from Greek 'chronos' meaning time and phobos meaning fear.

65hihp

Gotta love this internet!

RatDog

In 15 to 20 years, most of us here will be gone. Since I can't take my car with me (I checked into that and, apparently, it can't be done), I don't really give a rat's behind what happens to it's value, its desireability, or anything else about it.

Enjoy them while you can in the present. Forget about "someday in the future".

Steve