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Total supply side argument - which collapses if there is no demand; it doesn't matter if there are 5 C2s left if nobody wants them going forward...
The assumption people here are making is that the population of these cars will remain stable over time and as demand falls with the age of the baby boomers, the price will inevitably fall commensurate with that existing supply. I am trying to note that the supply itself will be drastically altered as the demand/value initially declines. This suggests both a continuingly cyclical effect on prices and an inexorable reduction in the number of C1 and C2 Corvettes.
Have brass era cars gone down in value in the past 50 years? Didn't those folks that were passionate about them in the 1960's die off already? Yet these cars continue to increase in value. Why?
How about Model A's? Are they cheaper today than they were 40 years ago? Nope. Didn't those enthusiasts die off already?
How about a 1940 Ford? Are they cheaper today than they were 20 years ago? Nope. Why not?
How about a 1957 Chevy Belair? Cheaper today than they were 10 years ago? Nope. Why not?
So what makes anyone think that a C2 Corvette will lose value, ever? Where is the database to support this notion? If anything, they will continue to INCREASE in value.
Here is my take on where old Corvettes will be in the coming years. If the restomod fad continues (I believe it will) those cars will take a big chuck out of the current original type car's existing numbers. There will ALWAYS be collectors of old cars regardless of how many and they will have an ever decreasing number of original cars to choose from if that is what they are looking for. What will any of them be worth tomorrow? Only tomorrow knows for certain.
A restomod car will always be just that and can evolve with the latest, greatest drivetrain but an original type car is locked into what it is.
Have brass era cars gone down in value in the past 50 years? Didn't those folks that were passionate about them in the 1960's die off already? Yet these cars continue to increase in value. Why?
How about Model A's? Are they cheaper today than they were 40 years ago? Nope. Didn't those enthusiasts die off already?
How about a 1940 Ford? Are they cheaper today than they were 20 years ago? Nope. Why not?
How about a 1957 Chevy Belair? Cheaper today than they were 10 years ago? Nope. Why not?
So what makes anyone think that a C2 Corvette will lose value, ever? Where is the database to support this notion? If anything, they will continue to INCREASE in value.
Mainly because as those people died off there was still the younger generations that were car guys and wanted the cars , but most of the 30/40 and younger and even some of the 50 and younger guys are not interested in our cars and their sons and daughters are even interested less .
The assumption people here are making is that the population of these cars will remain stable over time and as demand falls with the age of the baby boomers, the price will inevitably fall commensurate with that existing supply. I am trying to note that the supply itself will be drastically altered as the demand/value initially declines. This suggests both a continuingly cyclical effect on prices and an inexorable reduction in the number of C1 and C2 Corvettes.
*continually
You are making assumptions about people making assumptions without the information to objectively do so. You don't really know what the 'people here' are assuming at all. I find the rest of the post to be pretty much incomprehensible.
After spending the last 10 minutes or so reading every single post on this thread, I'm going out right now, to take a ride in my "glazed ham", triple black, LS3, restomod. I'll be listening to bluetooth, from my phone, on a kick *** "system", sitting on leather, with the AC on high, and the cruise control set.
I'm never gonna get back the 10 minutes that I spent reading these posts, but, it was my choice. I'm not going to think about the value of my overbuilt restomod, because I simply don't care.
Mainly because as those people died off there was still the younger generations that were car guys and wanted the cars , but most of the 30/40 and younger and even some of the 50 and younger guys are not interested in our cars and their sons and daughters are even interested less .
I don't agree. Based on what I see locally, the late 20/30/40-year-olds are very much interested in vintage and classic cars. Even my 23-year-old daughter is into it. The industry has never been as big as it is today. I really don't see a declining base in classic vette enthusiasts, or any other classic car for that matter.
After spending the last 10 minutes or so reading every single post on this thread, I'm going out right now, to take a ride in my "glazed ham", triple black, LS3, restomod. I'll be listening to bluetooth, from my phone, on a kick *** "system", sitting on leather, with the AC on high, and the cruise control set.
I'm never gonna get back the 10 minutes that I spent reading these posts, but, it was my choice. I'm not going to think about the value of my overbuilt restomod, because I simply don't care.
Mike, I’ve seen your car. You definitely won’t be wasting any time behind the wheel of that piece of art.
I had these two guys, in their late 20's early 30's go nuts about my two cars. They were flatbedding them for me under my Hagerty policy. They took pics, pics with themselves in the pics, videos, etc. They went ape. Was nice to see guys who probably two some nice cars appreciate my 67's.
What do guys do who live in (obviously) nice houses like these (jammed up against the neighbor's house) when they have more than 2 cars------------------------ESPECIALLY 2 classic (or more) cars and then at least 2 daily drivers??? Previously I lived in a housing addition where all the houses were jammed up against each other and I could not stand it! That's why we moved and built this one. I don't think I could ever go back to living in a neighborhood where my bathroom window faced the neighbor's kitchen window (our previous house).
We have a 3/4 acre lot. I had the house built with an ATTACHED 6car garage, then later added a garage with 5car capacity and STILL DO NOT HAVE ENOUGH ROOM!!!!!!!!!!!!!
Front
My neighbor grew up in Cuba and lived many years in Mexico. Over the holidays many of her family came to visit here in NC when we were experiencing super nice weather. Naturally I got my '67 out for a little exercise and her 9 year old grandson from Mexico spotted my car leaving the driveway. She came over and asked if he could come see my car and that he new exactly what it was, what year it was and loved classic cars. I told her I would do one better than that and take him for a ride. He was mesmerized by everything I showed him and was so excited he was almost speechless. Of course I let him sit in the drivers seat. He didn't speak much English and I speak even less Spanish, but we both knew what each was saying regardless of the language barrier. So, if anyone feels that the new generations don't appreciate these cars think again. Granted, they don't exposed to them very often, but when they do the passion begins.
I am be of those people living in a cramped neighborhood…
Sure, I’d love 1/2 acre or more with an extra garage, but reality is I could not afford both the Garage and the toys to fill it…. Well, I could technically afford it until my wife divorced me for spending so much…. Of course land value here is high.
I had to compromise with the wife, as we both work in an urban environment, and when our girls were young, my wife wanted to limit our commute time/distance. Nothing “affordable” that met our criteria, so we compromised. We found a neighborhood that offered a few larger lots (typically 10+ feet on the side, so 20 feet between houses…
Our house actually is about 30 feet from the neighbors, with our house being about 4 feet higher. With a 6 foot fence, I see their waves but not their windows (thankfully, theirs is also a single story home.).
on the other side next to our garage the property width varies from 40+ to about 30+ feet, and here I poured a slab where I store one project car, a 9x12 shed (largest without requiring a building permit) and had about 20x20 area that used to be the kids basketball court ( had a few project cars for a while too).
We also looked specifically for a 3-car garage….
still tight, but doable (for larger projects, I make my wife park her car outside, and the kids and I also park outside…
as for future value, sure I’d love for the value to skyrocket IF I planned to sell…. But I NEVER bought the car as an “ investment “…. I bought the car because I love the style and I like old cars that I can easily work on.
…Naturally I got my '67 out for a little exercise and her 9 year old grandson from Mexico spotted my car leaving the driveway. She came over and asked if he could come see my car and that he new exactly what it was, what year it was and loved classic cars… So, if anyone feels that the new generations don't appreciate these cars think again. Granted, they don't exposed to them very often, but when they do the passion begins.
plenty of people still love classic cars especially Corvettes.
Sure, not as many younger people want to get their hands dirty, but I think the biggest nail in the classic car coffin is the souring values. There are enough interested parties to keep prices high as “they aren’t making them anymore” ( well, the kind of are)…. But I think investors/speculators are one of the primary factors for meteoric value increases…. If the youth of today can’t afford a classic, that’s when the hobby will die. Even if there is passion, there is a desire yo hold, and if you can’t hold one, the passion becomes dormant…. I see a lot of youth in the rat-rod, rock-a-Billie scene, where the classic cars are still relatively affordable…
My neighbor grew up in Cuba and lived many years in Mexico. Over the holidays many of her family came to visit here in NC when we were experiencing super nice weather. Naturally I got my '67 out for a little exercise and her 9 year old grandson from Mexico spotted my car leaving the driveway. She came over and asked if he could come see my car and that he new exactly what it was, what year it was and loved classic cars. I told her I would do one better than that and take him for a ride. He was mesmerized by everything I showed him and was so excited he was almost speechless. Of course I let him sit in the drivers seat. He didn't speak much English and I speak even less Spanish, but we both knew what each was saying regardless of the language barrier. So, if anyone feels that the new generations don't appreciate these cars think again. Granted, they don't exposed to them very often, but when they do the passion begins.
I still regret the day many years ago I refused a kid who wanted to jump behind the wheel of one of my relics. I was worried about...what? Still don't know. I will never do that again. If we really love these cars the way we say, we will do whatever we can to make sure somebody is driving, enjoying and caring for them 25 years from today. Your compliance with that Child's curiosity and budding passion is just what it will take. Good for you!
Boy this is an old thread a lot has happened in the world .In my case the heart doctor thought it was my heart but it was my gallbladder
I am better now but lost a lot of weight .
Sold my Tiffin 32 ft and got a 57 Nomad to keep company with my 57 Truck .
Sold the 63 split window before that .
Gas has gone sky high .For the money I sold the 63 for I paid for both of these .
I could of kept the 63 But sold it to help things like the RV and lower bedroom in my home .
Any way after my wife had a mild stroke sold the RV she said get another car I got the new 2019 Corvette 6 speed Stringray
She could not sit it easily so I bought the Nomad .
So here we are almost three years later Covid and Biden .Keep on top of things if you can while you can .
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 lmyself...."Better than a 401K"....Mark
doubled and tripled is, of course, relative to the amount. If $50k doubles, it’s $100k. If $500k doubles, well, that’s another matter. My 401k has doubled since 2018 and it’s a hell of a lot more than $50k. Cars are great fun. Think of them as a savings account, not a 401k.
What do guys do who live in (obviously) nice houses like these (jammed up against the neighbor's house) when they have more than 2 cars------------------------ESPECIALLY 2 classic (or more) cars and then at least 2 daily drivers??? Previously I lived in a housing addition where all the houses were jammed up against each other and I could not stand it! That's why we moved and built this one. I don't think I could ever go back to living in a neighborhood where my bathroom window faced the neighbor's kitchen window (our previous house).
We have a 3/4 acre lot. I had the house built with an ATTACHED 6car garage, then later added a garage with 5car capacity and STILL DO NOT HAVE ENOUGH ROOM!!!!!!!!!!!!!
I personally hate living here where our houses are close and there is no room for outbuildings, but I made the best of it. 22x24 main garage, heat and lights, and added a 13x20 gabled rooff addition where I can rack 2 cars high. This gives me enough room for 4 toys and still allows some room to work. What I won't do is drive far to work, so the tradeoff is real while I am still running by businesses and raising 2 little kids. Life is full of choices, but as soon as I can pull the plug and get the hell out of Chicago, I AM GONE.
plenty of people still love classic cars especially Corvettes.
Sure, not as many younger people want to get their hands dirty, but I think the biggest nail in the classic car coffin is the souring values. There are enough interested parties to keep prices high as “they aren’t making them anymore” ( well, the kind of are)…. But I think investors/speculators are one of the primary factors for meteoric value increases…. If the youth of today can’t afford a classic, that’s when the hobby will die. Even if there is passion, there is a desire yo hold, and if you can’t hold one, the passion becomes dormant…. I see a lot of youth in the rat-rod, rock-a-Billie scene, where the classic cars are still relatively affordable…
With most of what you are saying about the classics for Now. But in 20 years from now , the classic car hobby will be unrecognizable from what it is today.
The new resto-mods will be 100% electric with all the bells & whistles that the 20-30+ year old crowd expects in a vehicle. These 100% electric resto-mods will be worth the most.
The gas resto-mods with all the bells and whistles will be worth less than the 100% electrics and the undriveable engine matching vehicles will be worth the least amount of money.
