Originally Posted by NC01TA

Good advice by RPM WS6 but there is still something amiss in the market. I always wondered how some folks got their money to spend on such high dollar cars during this 'bubble' Somehow the high prices were supported by many. Overall inflation didn't seem to matter one bit, except to low and middle class working folks, and retirees like me who are on fixed incomes.
When I had to replace my Mustang in Aug 2022 I was unable to buy a new Mustang and saw that the low mileage one owner cars were extremely high (part of the bubble). I wasn't sure what to do but kept looking and found a low mileage convertible at a dealership in a cold weather state (Wisconsin). It was still priced too high, about $4,000 or so too high but we took a shot and brought our old Mustang up there to see what they would do on a trade-in. They gave us about that $4,000 extra and it all worked out, but specialty cars, actually most muscle or sports cars, are still very high, and may be the exception to the rule since no one is making them anymore. Looking at ebay, I see nothing affordable except cars in fair condition or with high mileage..
With Camaro and Mopar products stopped, I don't expect a big correction no matter what the economy does. Mopar dealers are mostly over window sticker for the remaining Challengers out there and although I have not been looking, I have a feeling the Chevy dealers are not selling Camaros for great prices either. I really don't know. I am 'out of it' in today's economy. I'm just glad I'm not in a situation where I need to buy again.

Originally Posted by 1998 t/a

Nice recap. I watched the terminator crowd go from mid 20's for decent examples to low 40's and they are slowly creeping back down. I see a lot of that crowd trying to command mid 30's but the guys that need to sell seem to be getting high 20's. Tried to sell my 98 Z28, got some mild interest and the typical "7k cash right now" offers but ultimately I'm going to just keep it for a bit longer.

Originally Posted by TrendSetter

people are still posting stuff up for sale at inflated prices but it’s easy to see what stuff is listed at yet almost impossible to see what things actually are selling for in the general market.

Originally Posted by TrendSetter

i just bought a car that was listed for 8500 then 6500 two weeks later then 5500 a week later and I paid 4700.
lots of the same model for 6500-8500 and up for sale but they don’t seem to be moving.

Originally Posted by NC01TA

I always wondered how some folks got their money to spend on such high dollar cars during this 'bubble' Somehow the high prices were supported by many. Overall inflation didn't seem to matter one bit, except to low and middle class working folks, and retirees like me who are on fixed incomes.

Originally Posted by NC01TA

When I had to replace my Mustang in Aug 2022 I was unable to buy a new Mustang and saw that the low mileage one owner cars were extremely high (part of the bubble). I wasn't sure what to do but kept looking and found a low mileage convertible at a dealership in a cold weather state (Wisconsin). It was still priced too high, about $4,000 or so too high but we took a shot and brought our old Mustang up there to see what they would do on a trade-in. They gave us about that $4,000 extra and it all worked out, but specialty cars, actually most muscle or sports cars, are still very high, and may be the exception to the rule since no one is making them anymore. Looking at ebay, I see nothing affordable except cars in fair condition or with high mileage..
With Camaro and Mopar products stopped, I don't expect a big correction no matter what the economy does. Mopar dealers are mostly over window sticker for the remaining Challengers out there and although I have not been looking, I have a feeling the Chevy dealers are not selling Camaros for great prices either. I really don't know. I am 'out of it' in today's economy. I'm just glad I'm not in a situation where I need to buy again.

Originally Posted by RPM WS6

This is where auction prices can at least give us a window of trends, especially for platforms and examples that are not super-ultra rare with little or no comparables. The other way to tell is watching the ads that sit forever vs. the ads that disappear quickly and/or have continually dropping prices until they disappear, exactly as illustrated in your example below:



If you're watching comparables for long enough, you'll eventually be able to tell almost instantly if a car will sell quickly or sit forever at a given price. Regardless of the broader market conditions, there are always dreamers who seem to think they are selling gold and will price their cars as such regardless of the comparables and/or how long the car sits. These ads can usually be quickly identified when they contain statements like, "I know what I have" (or some version of this) - that one almost always appears with a price that is MUCH too high is a huge indicator that the seller likely hasn't a clue of the actual market. But right now is a period of pricing transition (falling), so some of the overpriced cars aren't so much a matter of the seller hoping they have a winning lotto ticket on their hands, but just their misunderstanding of where the leading edge of the market is headed. And, if they're lucky, then might even find a buyer (who also doesn't yet know better) at that outdated price. However, folks who actually want to sell their car will eventually figure out the market conditions one way or another, and will adjust their price accordingly (as happened in your case).



Some if it was done with home equity. Home values were climbing much faster than interest rates at the beginning of all this, so refinancing and use of cash from such was one factor (I personally know of people who did this). Folks weren't doing some of the things they used to do before the scamdemic (vacations/travel and such), so that money was funneled into more "things" (including toys like collector cars) vs. "experiences" for a time. Rapidly increasing interest rates put a damper on this, and is likely one of the main factors that cooled the market.



I can't speak to the near-new/late model market, I don't really follow it and pricing trends there tend to be more closely tied to dealer mark-ups AND availability (or lack thereof) of the latest model of the same nameplate. In terms of antique/classic special interest type cars though, considering most 4th gen F-bodies are now solidly antiques, they just aren't moving at those old 2022 prices. Another telling factor is the falling prices and stale ads from some of the larger local specialty dealers that I watch. Even the truly "collectible" type 4th gens have cooled and the ads for these cars either linger forever or have begun to show declining prices. All of this seems to be exactly in line with the decreasing overall values referenced by the BaT CEO in the article above.

Originally Posted by Y2K_Frenzy

Do you think the F body and the likes from every other mfg will be more or less sought after in say 4-5 years when every new car on the road is an egg shaped “crossover” with a 4 cylinder turbo? Non-egg shaped automobiles are becoming a thing of the past if the current trend stays the same. Chevy is down to one “car,” the Malibu, and Ford is down to just one as well, which is the Mustang.

Originally Posted by wannafbody

When you are looking at the super top end collectable cars, that comes down to people who have too much money or are trying to lose it for some reason. Some of these cars seem more like money laundering than buying a car.

Originally Posted by TrendSetter

. Do you look at your microwave or coffee maker longing for a sexier appearance?

Originally Posted by Y2K_Frenzy

I remember when the used terminators were “high.” They were $30k-$40k like in ‘09 back when new Mustang GT’s were $30k’ish. I think the Coyote with its 400+ horsepower kind of ended the ‘03/‘04 Cobra’s reign.