Don't Overpay: Specialty Car "Bubble" is Deflating
#41
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The 10 speed musangs are no joke. I'm looking at another vehicle in the next 18-24 months and while the z06 or C7 Stingray is calling my name, I need a backseat for the 3 year old and I've been really like the GT's, GT350's, Scat Pack's (former owner) and a few German muscle cars, RS5, S6/7/8. Values are coming down and the GT's are insanely affordable. Gen 2 coyote with a whipple and 10 speed will more than light up your face with smiles.
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NC01TA (05-22-2024)
#44
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https://www.hagerty.com/media/market...-rating-drops/
Seems there is data supporting softness in the enthusiast market for cars
Seems there is data supporting softness in the enthusiast market for cars
I'm starting to see some good deals again, which excites me as a buyer. I don't really sell cars any more, so high values are not interesting to me. Problem is, low values get me into trouble (i.e. buying more cars that I don't have space for
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#45
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Yep. There is also data supporting this in the article I included in the initial post of this thread.
I'm starting to see some good deals again, which excites me as a buyer. I don't really sell cars any more, so high values are not interesting to me. Problem is, low values get me into trouble ( i.e. buying more cars that I don't have space for
).
I'm starting to see some good deals again, which excites me as a buyer. I don't really sell cars any more, so high values are not interesting to me. Problem is, low values get me into trouble ( i.e. buying more cars that I don't have space for
![Embarassed](https://ls1tech.com/forums/images/smilies/LS1Tech/gr_emb.gif)
I don’t think the car culture is what it once was really. Teenage girls used to be into sporty convertibles which drove the V6 mustang sales through the roof throughout the years but not anymore. I think a good indicator of the changing culture is looking at how the auto manufacturers are dropping pretty much everything other than crossovers and trucks. Vehicles are becoming utilitarian I guess. Utilitarian with touch screen “laptops” in them. People are more into “screens” than horsepower these days it seems.
Last edited by Y2K_Frenzy; 05-22-2024 at 06:17 PM.
#46
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I tend to buy high and sell low..
I don’t think the car culture is what it once was really. Teenage girls used to be into sporty convertibles which drove the V6 mustang sales through the roof throughout the years but not anymore. I think a good indicator of the changing culture is looking at how the auto manufacturers are dropping pretty much everything other than crossovers and trucks. Vehicles are becoming utilitarian I guess. Utilitarian with touch screen “laptops” in them. People are more into “screens” than horsepower these days it seems.
I don’t think the car culture is what it once was really. Teenage girls used to be into sporty convertibles which drove the V6 mustang sales through the roof throughout the years but not anymore. I think a good indicator of the changing culture is looking at how the auto manufacturers are dropping pretty much everything other than crossovers and trucks. Vehicles are becoming utilitarian I guess. Utilitarian with touch screen “laptops” in them. People are more into “screens” than horsepower these days it seems.
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Y2K_Frenzy (05-22-2024)
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What people are into these days is a bit over my head. More and more "cars and coffees" look like an Applebee's parking lot on a Friday night to me (though that sort of thing is dying also, see "The Death of the Third Place"). Maybe the culture is something else and I'm just the one that's all wrong.
*Edit*
The trend down here that was all the rage with the youngsters a few years ago but is starting to Peter out a little I think is lifted newer model trucks with stupid big wheels (26” I think) with rubber band thin low-pro tires. It looks stupid and I imagine my 1/2 truck with 18” street tires would perform better off road.
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random internet photo
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What people are into these days is a bit over my head. More and more "cars and coffees" look like an Applebee's parking lot on a Friday night to me (though that sort of thing is dying also, see "The Death of the Third Place"). Maybe the culture is something else and I'm just the one that's all wrong.
But I do agree that the demographic is getting older; many of the younger folks (under 30) that I see at these events are just spectators. Cost of the cars is definitely a factor, most young folks have mortgages, student debt, etc., on top of starting a family so it's hard to afford ~$30-100k for a "fossil" that just sits in the garage most of the time (there are some dinosaur cars that are more affordable, but then they're either not very desirable and/or need a lot of work). 20-25 years ago, I saw a lot more folks in the under 30 crowd who were owning participants in the hobby (myself included, at that time).
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Y2K_Frenzy (05-22-2024)
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I don't ever go to any "cars and coffees" because I am not a morning person, so I can't speak on the attendance levels at the AM events. However, I do the cruise nights all the time, late afternoon/evening shows, and these are as busy as ever in my area. Some of the bigger events are still setting new attendance records every year. Maybe the car culture is just shifting to different areas of the country? Our biggest shows come close to (or exceed) 4-digits, while the "smaller" events will still draw 100-200 cars or more (at least the ones I attend).
But I do agree that the demographic is getting older; many of the younger folks (under 30) that I see at these events are just spectators. Cost of the cars is definitely a factor, most young folks have mortgages, student debt, etc., on top of starting a family so it's hard to afford ~$30-100k for a "fossil" that just sits in the garage most of the time (there are some dinosaur cars that are more affordable, but then they're either not very desirable and/or need a lot of work). 20-25 years ago, I saw a lot more folks in the under 30 crowd who were owning participants in the hobby (myself included, at that time).
But I do agree that the demographic is getting older; many of the younger folks (under 30) that I see at these events are just spectators. Cost of the cars is definitely a factor, most young folks have mortgages, student debt, etc., on top of starting a family so it's hard to afford ~$30-100k for a "fossil" that just sits in the garage most of the time (there are some dinosaur cars that are more affordable, but then they're either not very desirable and/or need a lot of work). 20-25 years ago, I saw a lot more folks in the under 30 crowd who were owning participants in the hobby (myself included, at that time).
There are though, lots of truck and jeep people, that seems pretty robust.
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Y2K_Frenzy (05-23-2024)
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*edit*
4x4’s can be fun if you have a place to play with them. More stuff breaks than at a drag strip though.
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Y2K_Frenzy (05-24-2024)
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Young people seem to be into far different things, I think there is a hint of that in the EV thread you have somewhere else. I work with a few Gen Zer's and they're much more into electronics, and when it comes to cars - the EV's are a "car wrapped around a computer" (said just that way to me).
I think these two things are directly related; lack of home affordability is probably pushing off any plans that they have for families, and they already get a later start than previous generations due to the amount of time that many spend in college (advanced degrees, changing majors, spending their early years in a JC, etc.) When I think about my grandfather, my father, and even myself, and our respective positions in life at age 25 vs. the typical 25 year old today...well, it's like a different universe.
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#55
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Use four wheel drive now and again to keep everything lubed and operable. If you use it on the street don’t make any hard 90* turns.
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70T/A400 (05-25-2024)
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They’ve had a helluva run though. They’ve stayed popular longer than just about anything else that I can think of that comes in and out of fashion. I don’t just mean cars, I’m talking about everything. Think about it, folks have been gawking at ‘57 Bel Air’s for 75 years now.
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wannafbody (05-25-2024)
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They’ve had a helluva run though. They’ve stayed popular longer than just about anything else that I can think of that comes in and out of fashion. I don’t just mean cars, I’m talking about everything. Think about it, folks have been gawking at ‘57 Bel Air’s for 75 years now.
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I was at a cruise last year. A guy had a 68 Camaro. He was telling someone he had a guy who wanted to buy it. He showed up with cash. Drove it and told the guy it drove like a 50 year old car. He decided not to buy it. The younger guys want something more modern. I'd love a 57 Chevy pickup restomod.
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#60
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Of course the Firebirds of the 70's are getting impossible to purchase and the 1970-1974 Challengers and Cudas, well there is no chance of ever landing a nice one again. The demand is quite strong on all fronts. If you add the foreign sports car market to the mix, the air cooled 911s have gone through the roof and M3 BMW's have done the same. Of course we are talking decent examples, not the worn out cars that need restoration.
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