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I'm thinking about selling my 1966 convertible I've had for several years. I haven't really been paying attention to midyear sales. Has the economy taken a toll on the values? Usually summer is a good time to sell but these are strange times. Thank you in advance for your input.
Put it up for sale and it will sell if priced right. A poor economy really doesn't affect old classic cars/car collectors in my experience, since the cars hold their value no matter what, pretty much and are usually bought with disposable income in the first place. I don't know anybody who owns an old Corvette that is 'strapped for cash' and uses it as their only car.
From: Middle TN by way of KY, OH, VA, IL, CA, FL, NY, SC, HI
I'm not totally following the market, but I'll restart the conversation anyways.
Most that buy these cars have or should have sufficient resources to weather any temporary market downturn. Loss of employment for those still working is another thing, but from what I've seen most of the underemployed are hurting the greatest. Although my father, who answers to "Doctor" and my sister who is a Vice President of a large firm both were sent home (quarantine and furlough, respectively).
Although folks come around here from time to time saying the the sky is falling on prices or that the end is near for desirability of these cars, in the several years I've owned a C2, the market may have wavered on occasion, but that wave has an upwards trend line to it.
You just may have to be patient to find the right buyer but I think that's long been the case for these cars.
Tell us about your car. Color? Coupe or convertible? Original motor? Horsepower? Condition? Options? Location? I know of two guys that are looking for a '66 convertible
Black/black. NOM but period correct. Tremek 5 speed but have original 4 speed. Hard top. Side pipes. Vintage air. Bolt on knock offs with red lines. Really nice driver. Easily a 7/10.
Desirable color combo, 5 speed upgrade, vintage AC added. All are a big help at time of sale, IMO. You will have no issues getting a nice price for your car in any market.
And with the stock market making a comeback from the initial drop when the economy shut down as well as many not traveling or going out much, there are a lot of guys with extra cash right now.
Sounds like a nice car, exactly the kind of car I'd like to own, as opposed to the constant worry of a #'s matching car. The freedom of a NOM, plus a/c, & a 5 speed, sounds perfect to me. I dont think you have any trouble selling it.
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From: Middle TN by way of KY, OH, VA, IL, CA, FL, NY, SC, HI
Originally Posted by HouTex1964Vert
Is $50K a reasonable asking price?
Might be too high or it might be giving it away. Too many variables with the car and lots of variables with potential buyers - some will pick a car apart and some will jump on a car without too much homework.
Good marketing is key for top dollar and many do this part poorly, like no pictures and a crummy description then wonder why on one is responding. On the other hand, sometimes a well-priced good-looking solid car comes along that does not sell. There was one like that several months back in the C1/C2s for sale forum, but it did finally sell.
If you're in a hurry, impatient, or don't want to fool with it much, price it competitively. If you're in no hurry, want top dollar, and can put up with tons of tire-kickers, price it on the higher end of the scale.
But in any case, do your homework. Asking if $50K is a good price with so little shown and shared here about the car is pretty weak homework, frankly.
Last edited by Easy Rhino; Jun 12, 2020 at 01:28 PM.
Sounds like a nice car, exactly the kind of car I'd like to own, as opposed to the constant worry of a #'s matching car. The freedom of a NOM, plus a/c, & a 5 speed, sounds perfect to me. I dont think you have any trouble selling it.
and a hard top. If someone wants a driver this one has a lot going for it.