Why are prices so flat?
09-26-2018, 04:17 PM
#1
Burning Brakes
Thread Starter
Why are prices so flat?
i keep seeing the same car's listed on ebay and other sites that just linger forever. Some seem to be priced pretty reasonable but fail to sell. There is a nice red L79 on ebay now with 2 hours to go and only bid to $40,000. I talked to a dealer with a fairly nice 63 roadster with nom that started out asking mid $40's that will take mid to upper $30's. To me it seems like the market has really slowed. Good time to buy I guess.
Popular Reply
09-28-2018, 07:20 AM
Team Owner
Yeah - that younger crowd is lining up for those brass era cars.....
Its a 'rolling' demographic and the muscle car era crowd is 'rolling' into assisted living...
In the 1980s enthusiasts were 20-25 years older than the cars they admired.
Now, nearly into the 2020s that bunch is on geriatric medications and nursing arthritic joints...
Don't believe me ? Go to the next NCRS meet in your area - it can be a bit depressing.
Time to queue the guy with the 30 year old kid down the street that likes his car or somebody posting pics of their 12 year old grand kid washing their car.
Again - prob won't last and don't make a trend.
I don't count the ricer-racers or the 30-something kid at a show with the 2016 Dodge Challenger with Shakira air-brushed on the underside of the hood that thinks he's a "car guy"...
Its a 'rolling' demographic and the muscle car era crowd is 'rolling' into assisted living...
In the 1980s enthusiasts were 20-25 years older than the cars they admired.
Now, nearly into the 2020s that bunch is on geriatric medications and nursing arthritic joints...
Don't believe me ? Go to the next NCRS meet in your area - it can be a bit depressing.
Time to queue the guy with the 30 year old kid down the street that likes his car or somebody posting pics of their 12 year old grand kid washing their car.
Again - prob won't last and don't make a trend.
I don't count the ricer-racers or the 30-something kid at a show with the 2016 Dodge Challenger with Shakira air-brushed on the underside of the hood that thinks he's a "car guy"...
09-26-2018, 04:22 PM
#2
Drifting
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It is a very interesting market for the past year. But, knowing what I've learned in the past 6 months, there sure are a lot of misrepresented cars out there....in fact, most are misrepresented. So, it's definitely a "Caveat Emptor" market.
BH
BH
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09-26-2018, 04:32 PM
#4
Team Owner
You can't tell what a car is worth from the description or pictures. I've looked at some "great deals" that I wouldn't even try to bring up to acceptable condition. A truly nice car will sell and still bring a good price. Try to buy one and see.
09-26-2018, 06:18 PM
#5
Drifting
I just sold my extremely nice Nassau blue/white '65 365 hp coupe on eBay. Got a very good number for it. I agree^ that nice cars, correct ones, will sell. The ones that don't typically have issues.
09-26-2018, 06:34 PM
#6
Drifting
09-26-2018, 06:46 PM
#7
Le Mans Master
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A good friend of mine who is associated with SACC, and who monitors market values quite religiously, tells me that C2 prices in general are flat; C1s have moved up somewhat over the past year. You can really never trust anything on Ebay; thus, the low bid prices. Buying a car on there, in general, is liking putting your hand in a sack full of snakes.
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09-26-2018, 07:09 PM
#9
Advanced
http://www.classiccardeals.com/
I think this place is really screwing things up. I'm looking for a Ford with a 200/6 to tinker with. Every ad I find is linked back to this place with outrageous prices. $13k for a 73 Maverick (not Grabber)?!?!?! What???!?!?!?!
I think this place is really screwing things up. I'm looking for a Ford with a 200/6 to tinker with. Every ad I find is linked back to this place with outrageous prices. $13k for a 73 Maverick (not Grabber)?!?!?! What???!?!?!?!
09-26-2018, 07:21 PM
#10
Melting Slicks
A good friend of mine who is associated with SACC, and who monitors market values quite religiously, tells me that C2 prices in general are flat; C1s have moved up somewhat over the past year. You can really never trust anything on Ebay; thus, the low bid prices. Buying a car on there, in general, is liking putting your hand in a sack full of snakes.
No money changed hands until we went and inspected both the vehicle and documents beforehand.
The 4th was a p.o.s.and wasnt worth 1/4 the hammer price and told the seller no deal and walked.
Any honest seller will welcome the inspection before paying up.
Why anyone would pay for a car sight unseen and uninspected is beyond me.
09-26-2018, 07:41 PM
#11
Team Owner
Well the split windows must be the exception. I’ve argued that several cars on here recently were overpriced and I was proven wrong.
09-26-2018, 07:42 PM
#12
Drifting
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I have bought 4 cars advertised on ebay and 3 worked out just fine.
No money changed hands until we went and inspected both the vehicle and documents beforehand.
The 4th was a p.o.s.and wasnt worth 1/4 the hammer price and told the seller no deal and walked.
Any honest seller will welcome the inspection before paying up.
Why anyone would pay for a car sight unseen and uninspected is beyond me.
No money changed hands until we went and inspected both the vehicle and documents beforehand.
The 4th was a p.o.s.and wasnt worth 1/4 the hammer price and told the seller no deal and walked.
Any honest seller will welcome the inspection before paying up.
Why anyone would pay for a car sight unseen and uninspected is beyond me.
Very interesting on your EB buys. Did you inform the seller prior to bidding or after you were high bid. Buying that way, is the only way on EB or most auction sites. Any static from the seller when you announced your intentions? Makes it very safe that way.
BH
09-26-2018, 07:44 PM
#13
Team Owner
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The flippers can't make any money if prices stay flat. Just like the stock market. They'll start hyping something, soon. Lemmings will follow.
Wonder what the next bubble will be?
Last edited by MikeM; 09-26-2018 at 07:47 PM.
09-26-2018, 08:09 PM
#14
A good friend of mine who is associated with SACC, and who monitors market values quite religiously, tells me that C2 prices in general are flat; C1s have moved up somewhat over the past year. You can really never trust anything on Ebay; thus, the low bid prices. Buying a car on there, in general, is liking putting your hand in a sack full of snakes.
09-26-2018, 08:28 PM
#15
Le Mans Master
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I have bought 4 cars advertised on ebay and 3 worked out just fine.
No money changed hands until we went and inspected both the vehicle and documents beforehand.
The 4th was a p.o.s.and wasnt worth 1/4 the hammer price and told the seller no deal and walked.
Any honest seller will welcome the inspection before paying up.
Why anyone would pay for a car sight unseen and uninspected is beyond me.
No money changed hands until we went and inspected both the vehicle and documents beforehand.
The 4th was a p.o.s.and wasnt worth 1/4 the hammer price and told the seller no deal and walked.
Any honest seller will welcome the inspection before paying up.
Why anyone would pay for a car sight unseen and uninspected is beyond me.
My 65 300HP coupe just sold for an insane amount. Granted, I did a body-off restoration, every number matched, was one of the most documented 65's in existence and the car was flawless.
09-26-2018, 08:33 PM
#17
Melting Slicks
I've long believed that superimposed over the regular car guy market is the broader trend of people with money looking for the best places to put it. When the stock market is hot, the risk/reward calculation will favor that over other investments. When the housing bubble was still young, that was a favored place. Sometimes the market favors collectibles like investment grade cars and art. It appears that right now the investment crowd is not as interested in collectible cars as at other times in the past ten years. That means demand is down and that may account for prices for investment grade cars. And when the top car prices stagnate, daily drivers will follow the trend. ... That's my theory, or more accurately, my opinion.
09-26-2018, 08:41 PM
#18
Drifting
09-26-2018, 09:02 PM
#19
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i keep seeing the same car's listed on ebay and other sites that just linger forever. Some seem to be priced pretty reasonable but fail to sell. There is a nice red L79 on ebay now with 2 hours to go and only bid to $40,000. I talked to a dealer with a fairly nice 63 roadster with nom that started out asking mid $40's that will take mid to upper $30's. To me it seems like the market has really slowed. Good time to buy I guess.
It only matters if you are buying or selling.
If you are buying and you believe things are flat or low then buy.
If you are selling and you believe things are flat or low and you don't feel prices are what you want then wait for the cycle to change.
09-26-2018, 09:17 PM
#20
Le Mans Master
My cars sell by word of mouth, I don't need to advertise them. I don't feel it's my place to say what someone else paid other than it was substantially higher than other 65's. Quality cars bring big bucks. I'm talking about cars that are 100% restored where every component is restored to as good, if not better than new. The car is basically a brand new car. Driver quality cars that have had a "spray can rebuild" like the majority of them out there don't fall into this category.