Lots of super car steel on ebay........

[69LM1]

Three Supercars on the sleez bay, Yenko Deuce, Yenko Camaro and a COPO.....

Yeno Deuce

Yenko Camaro


COPO
(Scunzio Chevrolet?)

Lots of COPO Connection paperwork, helpful or harmful?

That's alot of high end cars at the same time, and along with the Motion camaro recently sold, alot of high end cars on ebay in a short time......

Do you guys think the recent drop in mid level car prices are starting to affect the higher end cars?

Rich

[427king]

[ QUOTE ]
Do you guys think the recent drop in mid level car prices are starting to affect the higher end cars?



[/ QUOTE ] The Yenko Duece asking price is 220K, do you consider that evidence of a declining market?????

[69LM1]

[ QUOTE ]
[ QUOTE ]
Do you guys think the recent drop in mid level car prices are starting to affect the higher end cars?



[/ QUOTE ] The Yenko Duece asking price is 220K, do you consider that evidence of a declining market?????

[/ QUOTE ]

Yes, considering that it only has 7hrs to go, 1 bid at 100k and has generated no discussions here or any other board that I am on.

I mean, as a seller (and I have several cars for sale) it seems as if the driver market which has been soft for a few months is now getting soft on the mid priced cars (which is all I fool with). Wondering if the higher priced cars are in froa drop as well. In the past, with a few yenko's and a copo on ebay, the boards would have been abuzz with them, both pricing and originality wise. Now nothing.

Also, I was wondering if the Ed C cert was a help or a hinderance?

Recently, there seems to be alot of higher end cars on the market, and I don't see a whole bunch moving. Of Course, here in good ol Louisiana we don't have many "super" cars anyway, so I was just asking for comment.

As I buyer, I am always looking for a deal, so on the other hand, if things start to drop then I may finally be able to pull off a 69 COPO!

Now, if only that Burgandy COPO was stay around the 100k mark!

Rich

[427king]

[ QUOTE ]
Recently, there seems to be alot of higher end cars on the market, and I don't see a whole bunch moving

[/ QUOTE ] You also dont see the prices dropping on the cars that arent selling. The difference between cars,houses and stocks are this. When the market is down,everyone rushes to sell thier houses and thier stocks creating an even weaker market. If car owners cant get thier price,they put the cover on thier car and dont really care . Thats why the car market is always strong. Everytime there is a supercar or two on ebay, everyone thinks its because the market is down. If you want to know how the market is doing try and find a real supercar at a bargain price. Its just not gonna happen. Its almost impossible to sell ANY car for 150/200K without factory paperwork,but if it had no factory papers,Ed C paperwork would be the next best option you could have.

[quick-bowtie]

I gotta agree with the King.. The market might be soft on ebay because everyone is afraid of getting screwed and I dont think you can judge the market by ebay to begin with..

If someone here put on a GREAT no excuse car with docs.. It still woundn't do any money on Ebay unless someone on here or in the know was bidding.. Take the same car and run it in Hemmings and boom its gone. Ebay is a joke when it comes to retialing car.. but you can get a great deal on 2 once in a while buying..

Just from personal experince I think the market it still good, prices are off from last year but its still good and cars are moving, I sold 6 of my cars in the last 2 months for good money.. some in the 30k to 60k range and a couple for just over 100k and a 71 Hemi Cuda for alot more.. So I pretty much covered all the market prices and had quite a few calls on the 150k and under cars.

[tirebird]

"When the market is down,everyone rushes to sell thier houses"


Out here on the "left coast", where 2bdrm. 1 bath, 1500 sq. ft. sell for more than a million bucks in the right neighborhood, we hang on to our homes and our muscle cars. Unless you're in bankruptcy or the feds are after you for those squirely offshore investments, you don't sell until the price is right. So I think that owners of truely original and valuable muscle cars are not throwing their assets away in a fire sale. If the market is down, and that's debatable for truly valuable vehicles, then just hang on until it goes back up again.

[rich p]

Pedigree will still demand BIG Money !! I always said that the clones then the NON original cars and NO paperwork are going to fall first !`

Just my 25 cents ! Its No longer 2 cents Sorry ! inflation

[king_midas]

427King,

With all due respect, you're incorrect on what you're saying. Cars at this level are nothing but assets, because you must pay tax on both the purchase and sale, and this tax is of a sizable amount. Thus, if you can't keep them off the books, they are like any other traded investment, where if something better comes along, the investor will transfer funds out of the declining area of the portfolio, and place it somewhere where the money will be better used.

Of course, there are always anomalies with investing, and you'll still see a few cars trading for inflated prices-- I call that instance the "heart" talking, where a man/woman has enough money that they don't care, and pay whatever price for whatever they want. However, the Chevys in general suffer from the "clone" factor, and as I said about 6 months ago, they will be the first to take the hardest beating when the market turns.

Fake documents are everywhere, and there's just too much money involved for sleazebags to NOT get involved in the market. Right now, there are more COPOs, Z/28s, 435 Corvettes, etc., than they made new. And that doesn't even take into account survivor rates for cars, which is a declining factor-- For each of the cars mentioned, there should be approximately 15 - 20% of original production left.

Now, where's that bargain Glacier Blue '69 Z/28 Clonemaro that I've been looking for all my life...?

[LS6 RAT]

I don't agree with your assertion of 15 to 20% of original production is all that is left. The survivor rate percentages are way different, depending on the type of vehicle. I would say '69 Z28's or '70 Boss Mustang 302's have a higher percentage of attrition due to the nature of their intended usage, however the more exotic musclecars that had higher price tags when new often were cared for by their owners and thus survived the ravages of time and usage much better.
An example would be the 1971 LS6 Corvette, total production of 188 examples, 12 in racing trim. These cars had an average price that exceeded $7000.00 when new, more closer to $7,418.00. Survivor rate currently is at damn near 50%, and may end up even higher. I've been involved with these cars for over 20years now. I have located 92 of the 188 production and expect to find a few more before I die.
I don't think a generalization of musclecar survival rates percentages can be so easily tossed out there.

[camarojoe]

There's a Forest Green Deuce on right now too...

Green Deuce