Musclecar prices and the possible recession

[Steve Shauger]

Originally Posted by Lynn

Just my opinion, but I would like to see two different threads going here.

One should be limited to just how the recession will affect classic car prices.

The other, just a general discussion on Covid19. I have chimed in here two or three times, but I never once mentioned my classic car values. I don't really care about that, as I bought none of them as an investment.

I don't expect a mod to try and separate this one out, as I am guessing it would be way too time consuming. Maybe close this one and direct traffic to two new ones?

Just thinking out loud.

I started a Corona Virus Discussion thread here: https://www.yenko.net/forum/showthre...17#post1489317

[Xplantdad]

You could move my post over if you'd like

[Steve Shauger]

Originally Posted by Xplantdad

You could move my post over if you'd like

Last time I attempted some creative thread redistribution I somehow deleted Rick Nelson's Yenko Chevelle thread. I felt horrible!!! Btw I love Holly's input in your post.

[70 copo]

Lynn,

I think it all really hinges on the economy and the kind of shift in the economy when it returns.

Whatever it becomes, I suspect or reliance on China becomes less over time in several key areas.

If that translates into good paying blue collar/white collar jobs with higher wages then that may be very good news for the hobby.

[markjohnson]

I feel similar about not caring about the worth of my musclecars because they were never investments to me. What I do care about is just being alive & healthy to enjoy them.

[Charley Lillard]

I'm sure musclecars will be affordable to more people now. I doubt if I could break even on my 66 Chevelle or 66 Bonneville now.

[Lynn]

Yeah, Charley, but they are no less beautiful, fun to own and fun to drive, right?

[Charley Lillard]

They just sit.

[the427king]

Its a catch 22.....when economy is great and people have money,cars are expensive.When car prices come down because of a recession,lower stock market, or job reports etc, the people that couldnt afford them when they were expensive, still cant afford them because now they either lost thier job, or make less money,have less savings , and the drop in price to them is irrelevant ............The cars in a recession may be less expensive, but only the people that could have bought them pre recession can afford them

[Lee Stewart]

Originally Posted by the427king

Its a catch 22.....when economy is great and people have money,cars are expensive.When car prices come down because of a recession,lower stock market, or job reports etc, the people that couldnt afford them when they were expensive, still cant afford them because now they either lost thier job, or make less money,have less savings , and the drop in price to them is irrelevant ............The cars in a recession may be less expensive, but only for the people that could have bought them pre recession.

And that group has shrunk due to the devastation to the stock market. Same amount of cars for sale - smaller amount of available buyers