Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars. |
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#1
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#2
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Tom406,
What makes you think the Yenko/COPO market will trend downward? Fluctuations/adjustments nonwithstanding, the prices of these cars has been relatively flat, prior to a couple of years ago. [Edited by Stefano (03-08-2002 at 08:06 PM).] |
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#3
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I think the market is cyclical, and will adjust itself. The numbers we're seeing are approaching or exceeding the heady days of '89-91. Whether the economy falls or soars, the net effect will be less money to blow on cars (due to money loss or use in more traditional investments).
Mostly, its just my own gut feeling that things are "overvalued" again. In the year or so I've been frequenting this site, values have jumped something like 50% on many of the Supercars and Hemi cars. That's not a steady trend, that's excitement and hype. I don't think it will last indefinately. But I have no idea when it will peak. If I did I'd be out buying more cars, not typing on this website.... I certainly don't think the market will fall out. As long as there are baby boomers with money, these cars will have value. And on the Supercar market, the gradual education of the public is certainly helping solidify the values. Doesn't everyone remember the resounding THUD in the COPO market in the early to mid 90's, after every knowledgable Camaro guy had already had one, and the rest of the market didn't really know what they were? |
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#4
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I think the value of the Yenkos and COPOs will go even higher! Back in the 80s and early 90s these cars were bought by speculators trying to turn a quick buck, now the "baby boomers" have control of the market. With the short supply, especially the Yenkos, I think there are a lot more people in the 40 to 60 age range with the money and very few cars to buy. People that have these cars are holding on to them, not so much for profit but know they will not find another one if they sell theirs. I think this will make the market strong for a long time to come!
__________________
1968 COPO/YENKO 9737 Non-Converted |
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#5
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Unfortunatly i dont agreemost guys with the bens who own these cars are in there 40,s,50,60
they want to buy what the grew up seeing the new kids want hondas, toyotas ect. they dont car about real muscle cars.heres a example i have a 68 rs/ss 396 375h/p camaro low miles ect. i bought it 17 years ago when my wife was pregnant just the other day my 16 yr old son asked if he could sell his car to buy a (fast and the furrious type car) AT LEAST NOW I HAVE A NEW CAR FOR MYSELF JEFF |
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#6
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I think values will be strong for the next 15-20 years. After the Boomers kick the bucket, the cars will start to be more affordable like some of the prewar cars have done as the WW2 generation has died off. But the best of the 60's era will stay strong like Duesenbergs & Packard's have.
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