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The 3 types of classic car buyers

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Old 01-08-2018, 10:20 PM
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CorvetteMikeB
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Default The 3 types of classic car buyers

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-60ís- 70ís 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 20ís to 30ís 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 Duesenbergís, Packardís, or the Bugatti cars from the 1920ís




Thought you might find this interesting.
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Old 01-08-2018, 10:24 PM
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61 Roadster
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Well, here's a first category type who's not yet 50; sounds like a buyer's market in a few years...

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Old 01-08-2018, 11:01 PM
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So anyone building a high end high tech restomod should stay away from manual transmissions for resale purposes?
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Old 01-08-2018, 11:12 PM
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Originally Posted by 3JsVette View Post
So anyone building a high end high tech restomod should stay away from manual transmissions for resale purposes?

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.
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Old 01-08-2018, 11:50 PM
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Originally Posted by 61 Roadster View Post
Well, here's a first category type who's not yet 50; sounds like a buyer's market in a few years...
41 here. Im in the 1st category all day long.
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Old 01-09-2018, 05:05 AM
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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.
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Old 01-09-2018, 05:09 AM
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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.
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Old 01-09-2018, 07:04 AM
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Originally Posted by Nowhere Man View Post
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 30ís may want a classic Vette but itís not a good choice with a five month old baby a wife and house to take care of.
Thatís exactly why I didnít 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.


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Old 01-09-2018, 07:18 AM
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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.
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Old 01-09-2018, 07:25 AM
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Originally Posted by EnfieldJoe View Post
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.
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.
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Old 01-09-2018, 07:36 AM
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Originally Posted by Nowhere Man View Post
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 30ís may want a classic Vette but itís not a good choice with a five month old baby a wife and house to take care of.
Wait, I'm confused, so you don't have a Corvette?
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Old 01-09-2018, 07:43 AM
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Originally Posted by Nowhere Man View Post
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 30ís may want a classic Vette but itís not a good choice with a five month old baby a wife and house to take care of.
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?
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Old 01-09-2018, 07:48 AM
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Originally Posted by 4 Speed Dave View Post
Wait, I'm confused, so you don't have a Corvette?
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 wouldnít have as much time to help him.
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Old 01-09-2018, 07:49 AM
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Originally Posted by kellsdad View Post
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?
Been here for 13 years now. You would think I wouldnít have a life but itís been a busy one.
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Old 01-09-2018, 07:52 AM
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Originally Posted by Nowhere Man View Post
Been here for 13 years now. You would think I wouldnít have a life but itís been a busy one.
My mistake. I misread the 2015 in your profile. ... I hope your dream car comes along when life allows.
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Old 01-09-2018, 07:59 AM
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Originally Posted by kellsdad View Post
My mistake. I misread the 2015 in your profile. ... I hope your dream car comes along when life allows.
Well to be honest I enjoy my Chevelle very much and I always have dadís mid years to think about. But then again those cars only share the ties and memoryís of us working on them or fighting about how we should do something to them
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Old 01-09-2018, 08:06 AM
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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.
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Old 01-09-2018, 08:29 AM
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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.
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Old 01-09-2018, 08:51 AM
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Gotta love this internet!
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Old 01-09-2018, 09:00 AM
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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
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