[C2] Future Values
Team Owner
Joined: Oct 2004
Posts: 81,241
Likes: 3,063
From: altered state
St. Jude Donor '05
Is there a general consensus on how long we can expect the values of our Corvettes to stay strong? I was talking to a reputable person in the Corvette scene here in Houston and he’s the first person to tell me something I’ve been thinking for a while. He told me a story of a guy commenting on a mid-year. The guy said “If this car is worth $80K now, imagine what it will be worth in 30 years!” He replied “In 30 years I don’t think this car is going to be worth **** because there won’t be any demand for it.”
I have to agree. At 45 years old, I feel like I’m the last generation who really cares about these cars and muscle cars in general. I can’t see the value of our cars going anywhere but down.
What are your thoughts?
I have to agree. At 45 years old, I feel like I’m the last generation who really cares about these cars and muscle cars in general. I can’t see the value of our cars going anywhere but down.
What are your thoughts?
The ones who seriously fret about not driving it/worrying about value should just take a picture and sell it off now.
Drifting
Joined: May 2006
Posts: 1,864
Likes: 148
From: Santa Barbara California
JSB, With regard to the Tucker or Cord: The point was that classics have a tendency to stay in favor. Does that mean prices will not fall? No one knows what the future will bring.
I do agree that Corvettes should not be looked as investments. As is the case with any car, they are meant to used and enjoyed.
I do agree that Corvettes should not be looked as investments. As is the case with any car, they are meant to used and enjoyed.
Last edited by 65 fi; Jun 1, 2019 at 05:04 PM.
Team Owner
Joined: Oct 2004
Posts: 81,241
Likes: 3,063
From: altered state
St. Jude Donor '05
I never knock the tuners. Brilliant guys out there, but I haven’t met one import tuner who said they want my Sting Ray someday- even at track days when I’m actually doing something they respect with it.
Not one.
And if the import tuners were waiting for prices to come down, why isn’t the forum populated with 25% 30 and 40’s somethings. Polls run here every year that show the aging of the demographic. 40 somethings I know can have them- they aren’t waiting to buy boats and modern hot cars and take trips and buy massive homes. They just don’t want midyears like people who remember them new or nearly new.
I do agree- drive them.
Not one.
And if the import tuners were waiting for prices to come down, why isn’t the forum populated with 25% 30 and 40’s somethings. Polls run here every year that show the aging of the demographic. 40 somethings I know can have them- they aren’t waiting to buy boats and modern hot cars and take trips and buy massive homes. They just don’t want midyears like people who remember them new or nearly new.
I do agree- drive them.
I bet many have no idea what one looks like, cause they are all stuck away under covers in a garage. Its been many years since Ive seen one on the road.
Dont kid yourself they all secretly want your car they could care less.
Safety Car
Joined: Dec 2009
Posts: 4,528
Likes: 444
Just got back from the heart doctor he installed 2 stents last week ,
Upon arriving today I noticed in his parking space was a Tessla .
Asked him how he liked the battery car ,told him I sold the split window ,He said you wouldn't like it ,I said your are right
He every time he starts the Tessla it downloads to a new car every time he drives it .
I said Doc if you are on the side of the road I will pick you up No Problem he said that would be fine .
Upon arriving today I noticed in his parking space was a Tessla .
Asked him how he liked the battery car ,told him I sold the split window ,He said you wouldn't like it ,I said your are right
He every time he starts the Tessla it downloads to a new car every time he drives it .
I said Doc if you are on the side of the road I will pick you up No Problem he said that would be fine .
Racer
Joined: Mar 2019
Posts: 438
Likes: 185
From: Auburn Wa
Global warming, an air coupe or convertible should bring good money! Nostalgia being a factor, I wasn't born yet when the 55-57 "big cars" were new (1958) but I would still love to own one. Yes,I do remember them as a kid so maybe nostalgia is there I guess. Did any of you ride with dad as a kid and have him name off the year and make of the cool cars as they went by? Did you think they were cool too? The C2's have been a classic from day 1. In 1979 I bought my 1966 L79 convertible for $5995.00. A 13 year old car for 1 1/2 times what it sold for new. I couldn't afford the 67 tri power car at $14,000.00. How many cars can you say that about? What is the new classic, one you have to plug in? I can't see the future but I'm just saying....
Le Mans Master
Joined: Sep 2008
Posts: 5,662
Likes: 2,344
From: Lake Minnetonka, Mn
2018 C1 of Year Finalist
These threads are useless conjecture.....I couldn't care less if my car is worth a cool million dollars in 30 years or is stuck in a dusty transportation museum beside a Conestoga covered wagon as a relic...
So I don't bother with opinions by a "....reputable person on the Corvette scene" (is this like the famous "unnamed source" in the media?) or his stories about a third party's comments...
So I don't bother with opinions by a "....reputable person on the Corvette scene" (is this like the famous "unnamed source" in the media?) or his stories about a third party's comments...
Last edited by Dan Hampton; Jun 1, 2019 at 10:12 PM.
Race Director
Joined: Jul 2018
Posts: 10,546
Likes: 8,316
From: San Antonio, TX/Mahopac, NY
2024 Corvette of the Year Finalist - Modified
2024 Corvette of the Year Finalist - Unmodified
2023 C7 of the Year Winner - Modified
Hey, if I live long enough that fossil fuels are banned, I’ll install an electric motor (perhaps hotrod it from a Tesla).
When the tree huggers realize how much pollution is caused by the life cycle of an electric car and they become banned, I’ll install one of the new ion propulsion units all the kids are talking about.
When they get banned for excess radiation, I’ll upgrade to the new fusion reactor.
When they are gone due to excess heat contributing to global warming, I’ll move up to a quantum magnetron power plant.
And on and on and on, with only one constant - my beloved C2 body and frame will live forever!
When the tree huggers realize how much pollution is caused by the life cycle of an electric car and they become banned, I’ll install one of the new ion propulsion units all the kids are talking about.
When they get banned for excess radiation, I’ll upgrade to the new fusion reactor.
When they are gone due to excess heat contributing to global warming, I’ll move up to a quantum magnetron power plant.
And on and on and on, with only one constant - my beloved C2 body and frame will live forever!
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Le Mans Master
Joined: Jan 2002
Posts: 8,913
Likes: 283
I got my drivers license in 1967, therefore I like cars of that year and era. I think that's the way it goes.
That said; the demand for older cars is usually created by the generation that grew up with, and were impressed by those cars of their youth.
With that being true, the demand for these cars should die off when the older folks die off.
However, when I put my '67 in a car show, the attention it gets from younger adults is overwhelming, so all of that generational speculation may not be true after all.
That said; the demand for older cars is usually created by the generation that grew up with, and were impressed by those cars of their youth.
With that being true, the demand for these cars should die off when the older folks die off.
However, when I put my '67 in a car show, the attention it gets from younger adults is overwhelming, so all of that generational speculation may not be true after all.
I’m 43, and have had my C2 for 19 yrs. I would like a 55 chevy, but not enough to pay more then 5-10 K for one that is all done and ready to go. My point is the 55 is neat and I would like one in my collection, but not that bad. Growing up in the 80’s and 90’s, 60’s era Chevelles, Camaro’s, Novas, and Vette’s were still around, and high school kids still rodding them.
The 70’s and 80’s had very few offerings as far as performance cars, and 60’s cars where ubiquitous and cheap.
I See prices to start trending down in 5 yrs. Not fall of the cliff but just trend down continually.
Last edited by ghostrider20; Jun 2, 2019 at 01:29 AM.
Pro
Joined: Feb 2013
Posts: 617
Likes: 73
From: San Francisco Bay Area Ca
In my experience of currently having 15+ Well Bought & Selected Sports Cars...acquired from 20 years ago till the present...I've focused on Original Owner California cars with a few exceptions....Rust Free...Original panels & matching numbers drive trains ....could have easily Tripled my money on my 1991 Ferrari Testarossa White/Tan a few yesrs back when Testarossa prices were "EN FUEGO!!"...along with Dino prices.....didn't feel I could sell & replace it with a finer example...so I kept it!...Still SMILE every time I look at it!!!....
In December last year purchased a 1964 Corvette Coupe "Survivor"....327/300hp....Silver/Back...4 speed Muncie ...Posi-Traction ..a virtual "Time Capsule"....Bought Well.....SMILE every time I look at it!....
I've easily doubled & Tripled on my cars....for myself...."Better than a 401K"....Mark
In December last year purchased a 1964 Corvette Coupe "Survivor"....327/300hp....Silver/Back...4 speed Muncie ...Posi-Traction ..a virtual "Time Capsule"....Bought Well.....SMILE every time I look at it!....
I've easily doubled & Tripled on my cars....for myself...."Better than a 401K"....Mark
Last edited by sidepipe seeker; Jun 2, 2019 at 04:37 AM.
Melting Slicks
Joined: Aug 2010
Posts: 2,823
Likes: 484
From: El Dorado Hills CA
I have to believe data exists out there that would show how cars do over time. If you looked at each decade from 20’s on up over time you’d have more insight. My guess would be that they come down.
Ed
Ed
Racer
Joined: Sep 2014
Posts: 260
Likes: 59
From: Central New York
I thought I was the only one doing this! Kudos to you.
Melting Slicks
Joined: Aug 2010
Posts: 2,823
Likes: 484
From: El Dorado Hills CA
Drifting
Joined: May 2006
Posts: 1,864
Likes: 148
From: Santa Barbara California
You have that right.
The only remaining people won’t eat beef, drive cars, fly airplanes, and will end up worshipping Cortez and Sanders while these two hypocrites fly their private jets to visit destinations where they will be chauffeured via limousine to lecture the remaining few on the errors of the past after consuming a decadent steak dinner.
The only remaining people won’t eat beef, drive cars, fly airplanes, and will end up worshipping Cortez and Sanders while these two hypocrites fly their private jets to visit destinations where they will be chauffeured via limousine to lecture the remaining few on the errors of the past after consuming a decadent steak dinner.
Le Mans Master
Joined: Aug 2001
Posts: 6,333
Likes: 1,311
C3 of Year Finalist (stock) 2019
C2 of Year Finalist (stock) 2019
^ ^ ^ We didn't just wake up one morning and these Socialists were in office. We The People voted them in. Excuse my off topic comment, but I wasn't the first.
In order for my post to be relevant, I believe as member emdoller does when he commented, "My guess would be that they come down".
In order for my post to be relevant, I believe as member emdoller does when he commented, "My guess would be that they come down".
Race Director
Joined: Nov 2003
Posts: 10,696
Likes: 3,090
From: Cottonwood AZ
C1 of Year Finalist (performance mods) 2019
I never really consider any classic car I have owned as an investment. When I was flipping cars as a sideline I did better then any short term investments that were available at the time but that would be confusing investment with business which flipping cars is.
The cars that I kept for an extended period of time (usually around 9 years) I probably could have done better with the same money in something else but there are many things to consider. For the most part they have done well for me because I use them as regular transportation so you have to factor that into the equation as a value. My cars typically appreciated rather than depreciated which needs to be considered. All in all I feel I did well with them but still did not consider them an investment but rather something fun to own and not cost me anything in the end.
The two cars I have now will likely not do as well as in the past but I won't care as I plan to die owning them.
The cars that I kept for an extended period of time (usually around 9 years) I probably could have done better with the same money in something else but there are many things to consider. For the most part they have done well for me because I use them as regular transportation so you have to factor that into the equation as a value. My cars typically appreciated rather than depreciated which needs to be considered. All in all I feel I did well with them but still did not consider them an investment but rather something fun to own and not cost me anything in the end.
The two cars I have now will likely not do as well as in the past but I won't care as I plan to die owning them.
Le Mans Master
Joined: Oct 2009
Posts: 5,941
Likes: 939
From: Chattanooga Tennessee
All true. Except the young on lookers have no desire to own, if it means they have to pay for the car, then work on it.
I’m 43, and have had my C2 for 19 yrs. I would like a 55 chevy, but not enough to pay more then 5-10 K for one that is all done and ready to go. My point is the 55 is neat and I would like one in my collection, but not that bad. Growing up in the 80’s and 90’s, 60’s era Chevelles, Camaro’s, Novas, and Vette’s were still around, and high school kids still rodding them.
The 70’s and 80’s had very few offerings as far as performance cars, and 60’s cars where ubiquitous and cheap.
I See prices to start trending down in 5 yrs. Not fall of the cliff but just trend down continually.
I’m 43, and have had my C2 for 19 yrs. I would like a 55 chevy, but not enough to pay more then 5-10 K for one that is all done and ready to go. My point is the 55 is neat and I would like one in my collection, but not that bad. Growing up in the 80’s and 90’s, 60’s era Chevelles, Camaro’s, Novas, and Vette’s were still around, and high school kids still rodding them.
The 70’s and 80’s had very few offerings as far as performance cars, and 60’s cars where ubiquitous and cheap.
I See prices to start trending down in 5 yrs. Not fall of the cliff but just trend down continually.
same kind of deal- I came home from the hospital in 1980 in my dads 40 Ford. I’d like to have one- for about what you’d give for a shoebox Chevy. Oh, and a dozen other cars in line too around it!
Same deal with a traditional duece highboy. Love to have one of those too but only at a fraction of what the builds cost. Same deal with a 53 Ford like I learned stick on.
If my friends aren’t gonna pay $40k or so for a Sting Ray that’s at least semi modern and capable in traffic they sure as heck aren’t joining me in 40 Ford ownership. No one’s going to scrap any of these classics but the writing for the older stuff is on the wall price wise.
Le Mans Master
Joined: Mar 2010
Posts: 6,498
Likes: 1,938
From: The Golden Triangle, Florida
2024 C2 of the Year Finalist - Unmodified
2023 C2 of the Year Finalist - Unmodified
St. Jude Donor '20 thru '25
If you love these cars, buy one for the pleasure and enjoyment of ownership. Your ROI will be the fun you have with it.
If you’re looking for the financial return on these cars, get the Rally Rd. app.
Steve
If you’re looking for the financial return on these cars, get the Rally Rd. app.
Steve