Mecum Auction COPOs everywhere

[Bavss70]

Good comment Jason. Some of us are waiting on the sideline for the credit line interest going thru the roof and people dumping their cars.
John.

[hvychev]

Jason, I am 28 years old and already did own a supercar. I personally believe that it will be more like 20 years before we see a possible "decline" in interest in these cars. I personally do not know a single person (outside of this website) near or even close to my age group that would spend $100K on any old car. I personally wouldn't do it myself. That is why I say I will never own a supercar again (at least in the next 20 years that is! )

I think that the guys my age that like muscle cars would rather have a cool AFFORDABLE Chevelle, Camaro, or Nova. In my experience they are not that interested in #'s, broach marks, whether it has spiral shocks, or the "correct" chalk marks on the firewall. I believe that they are more concerned with a good looking great running American Muscle Car.

Most of you guys forget that most of these cars are "niche" vehicles and are mostly out of reach or just don't appeal to the masses. If they did I guess that there would have been more built. To prove this look at the membership of this website for the purpose of general interest at almost 3800 members as compared to LS1tech.com at almost 71,000!!!!

Don't get me wrong, I LOVE these cars. They are definitely an acquired taste. That is why I am here as well as everyone else I assume. The moments that I had in my supercar will never be duplicated or forgotten as long as I have breath in my lungs. If everyone could be so fortunate.....

[AutoInsane]

36 year old self professed car nut here. Most of my friends would not know a 69 Chevelle from a Camaro! While I do love the old muscle and happen to have a restored 74 Jeep CJ5 in the garage I would rather pay 6 figures for an exotic than a muscle car. 20 years sounds about right for the muscle car craze. Sad, how it has been somewhat transformed from a true collector car lovers hobby to being motivated by profits and values. (Just for the record...I am all for everyone doing well and striking gold in their garage!!)

(Very sorry for aiding and abetting the hijacking of this thread!! )

[3macs1]

No one really knows what the future will bring and hopefully there will be enough interest with today's youth to keep the supercars and muscle cars running forever.
I do have to admit however after reading the question that was asked on this chevelle steering box posted on ebay I am worried.
http://cgi.ebay.com/ebaymotors/68-69-70-...1QQcmdZViewItem

[SBR]

IMHO that the very best cars of their kind will always bring huge dollars. Look at the pre war classics while overall interest has decreased the very best of the breed still commands huge dollars, my guess is that the same will hold true for Musclecars and Corvettes.

[king_midas]

No man, you're wrong... There are waaay too many musclecars available to sustain current prices. The difference between the musclecars and the pre-wars is that only the very precious pre-wars survived. They either became cans, ammunition, or are/were hotrods. There are no others left. So, the market is governed by limited supply, and the price moves with inflation. Also notice that very few pre-wars are driven, and guess why-- Because the generation of enthusiasts that saw those cars as "the good 'ol days" is slowly vanishing.

The musclecar hobby is eating itself, and it's because young people aren't interested-- Today's cars do everything so much better. As stated earlier, I don't know anyone else in my age group that cares about old cars, especially as life gets more complex. Combine this with stupid prices (some clown on CraigsList wants $65K for a '67 Chevelle SS 396/325; I was just killing time with a search...) for a car that is virtually un-driveable and out-performed by NA 4-cylinders. And well, you know how that goes...

I drove a new GTI this weekend, and at less than $25K, you'd need to be made of money to pass something like that up for a '66 GTO, etc... The thing is a rocket, and oh so much fun to drive. And, that's just one car from one manufacturer-- There are lots of great offerings out there.

I also am all for someone striking gold in the garage, and I also love the stuff that I grew up bashing my knuckles on. But a bunch of guys trading money with each other because the kids are in college and the equity line isn't tapped out yet has driven the market into an area where the kids today have been forced elsewhere. Seeing the cars flip is because the guy that buys that 1st gen Z/28 isn't 25; he drives it once, the wife won't even get in it. He figures out that it's miserable to drive compared to the Infiniti, and dumps it at the end of the summer. I know because I lived it. Look, it's like this-- You can go to a cowboy bar and ride the mechanical bull for cheap-- Who wants to spend $50K - $whatever for the the equivalent?

[PPPJJJFFF]

Interesting posts to say the least.

Patrick

[quick-bowtie]

Good cars (known and well documented) will always demand good money. I dont think you will see Yenko's, COPO's, LS6's, L78's or anything else of the same go down in price our at least in my life time. Im 30 years old so Im in the younger crowd and I can say Ive got friends my age that own rare good cars and dont bat an eye at spending 50k for a fun old car. 50k really isnt alot of money these days when you think about it and the up side is if you keep the car in good condition you can pretty much drive it for free by selling it for the same money a couple years down the road. Plenty of people in our age group have money and like the neat toys or stuff that know one else has.

[69LM1]

OK,
But other then the few and far with rich daddy's, teenagers have NEVER been able to afford the latest muscle/sports cars.

We all (most of us) drooled over the cars we could never attain as teenagers. Mine was the 1980 Z-28. Worked and worked all summer (1982) and saved up a whopping $400.00. Could not even find a base 77-80 camaro anywhere near that.

Saw an ad in the paper for a camaro for 450.00, went to look at it with my dad and uncle. It was a puke green 69, 3 speed manual, 307 car. Guy went down to 425.00, Uncle lent me 25$ and away I went. That started a love affair with the first gens, that will probably last my whole life.

Point is, kids have been given more these days, but they still mostly cannot afford the latest and greatest, most popular cars. They drool over them, and one day, when they are successful enough, if they stay "car guys", will probably buy what they could not afford as teenagers.