1970 Yenko Deuce

[SamLBInj]

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So are you telling all your customers that your cars are overpriced and they should not buy them.

The reason the average Z28 is 50K and up is because the rare stuff has pulled them up. If the markets take a stumble the average high production cars will fall the most and the rare stuff will be ok, IMO. Also people that can only afford the high production cars are not stupid all of the sudden, they probably realize that its stupid money to spend big bucks for a high production car just because of the market being pulled up by the rare stuff. In the end they still view it as average everybody has one car but at a high price.

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I think the reason cars like 69 Z/28's are selling for 50K is due to the shortage of decent ones. If you cant find a nice one then you have to find one that needs restoration and then your going to pay 25K for a car and dump 30-50K to get it back to nice condition so you over that 50K mark right off the bat. I think the prices will continue to go up and are being dictated by the cost of parts and restoration costs. One day someone will get smart and set up a sort of production line to save labor costs on restorations and also manufacture exact spec parts and sheet metal and hopefully sell it for half NOS prices, then, and only then will prices come down. Basically if you could find a beater for 10k and have it restored for 10k then you have a new 20K car. Then the others will drop due to supply and demand. I believe the safe market is the rare cars like the big block chevys and Hemis. As for Z/28's, hard to believe 50k on up for such a high production car.

[LexDawg]

So many of the original Z-28's were raced, wrecked, blown up and junked that the REAL cars are few and far between. I also believe the price of parts will continue to rise as the cost of labor to mfg. the parts rises. The reality is that 50k is not much money for a car. If you consider the folks buying can afford to buy what they like, why buy a new Vette, Mustang, etc. for 45-50k that will depreciate when you can have a nice muscle car that will appreciate for the forseeable future? Classic example; I bought a new SL 500 Mercedes in 1998 and paid about 80k. It sits in my garage with 53k miles. Its worth about 29k. Later I bought a numbers matching 69 Z-28 fully documented with REAL pop and 31,000 original documented miles. Needless to say I paid much less for the Z, and you don't have to guess that 29k would buy about 1/3 of it now. Needless to say I've bought my last new Benz. My wife on the other hand.....

[Mr70]

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"One day someone will get smart and set up a sort of production line to save labor costs on restorations and also manufacture exact spec parts and sheet metal and hopefully sell it for half NOS prices, then, and only then will prices come down".

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Sam..that day is HERE

[PPPJJJFFF]

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So are you telling all your customers that your cars are overpriced and they should not buy them.


[/ QUOTE ] I think the reason cars like 69 Z/28's are selling for 50K is due to the shortage of decent ones. If you cant find a nice one then you have to find one that needs restoration and then your going to pay 25K for a car and dump 30-50K to get it back to nice condition so you over that 50K mark right off the bat. I think the prices will continue to go up and are being dictated by the cost of parts and restoration costs. One day someone will get smart and set up a sort of production line to save labor costs on restorations and also manufacture exact spec parts and sheet metal and hopefully sell it for half NOS prices, then, and only then will prices come down. Basically if you could find a beater for 10k and have it restored for 10k then you have a new 20K car. Then the others will drop due to supply and demand. I believe the safe market is the rare cars like the big block chevys and Hemis. As for Z/28's, hard to believe 50k on up for such a high production car.

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I agree! I think the 69Zs are cool cars, but because of there production #'s the up-side is limited. I think you'll see the 70 through 73 camaros start to make a move (like that hasn't already start to happen)and the Boss 302s and 383 Mopars and cars like that get bumped up some. 50K can still buy alot of car. Just not any kind of Super Car unless you get lucky. JMHO.
Patrick

[Canucklehead]

I find that these collectors that are sitting on rare muscle are now cosidering selling these cars that they thought they never would considering the market is so high. On the other side of the coin you have these baby boomers making a bunch of coin and there sitting waiting for these cars to hit the market, and when they do their ready with their checkbook and don't care what they have to pay becouse they know if it sells they may never get an oppertunity to get it again. Then those guys will sit on it and think the same thing that they will never sell, they're making money in whatever they do so they don't care what happens to the market becouse they're enthusiests not investors, they're just happy to have it. If the surge never comes around again, the family will keep that old thing becouse it was grandpas pride and joy and it's a piece of the family, it's worth more to them then anybody else. Old muscle never dies it just gets inherited!!