GOING Price On NOVAs 69-70???

[T Billigen]

Patrick, I am in complete agreement!!!

[YENKO DEUCE REGISTRY]

Bill, when we spoke last, I thought your plan was to resto the deuce and then 'trade up' with it for a project '69 Yenko Camaro. Is that still the plan?

[bilede]

Marlin, Camaro's have always been my first love but I am becoming quite attached to the little deuce and believe I am going to hang on to it for some time. Fathom blue with white stripes would of been my top pick in color which is why I said it might be pryed from my hands but I am really happy with the car and wouldn't part with it easily..

[YENKO DEUCE REGISTRY]

I know that some may not like to see the numbers that I've posted, but this is the reality - sorry! I know what I'm talking about, and I have the facts to back it up.

I repeat; I personally believe that more Yenko Deuces would sell in the $60k range if more of the Top 10 cars were offered for sale. However, the circumstances are such that they are not offered, therefore, we don't see that happening, and can't make assumptions about what they would do to the current value.

My statistics are for cars sold, and to copy some financial jargon; 'they are not to be used to make forward looking statements, and decisions based on such'. Somebody could turn around tomorrow and pay $100k for a Yenko Deuce, you never know! If they do, I would factor that into my numbers, and then show the results. It would skew the outcome which is why I show the results in two ways, with all cars included and with the highest and lowest removed from the calculation.

Hope this helps!

[mnyenko]

Marlin,
It looks like most of the recent deuce sales have not been in the open market.The cars wich were on ebay or offered here for sale seem to have brought above average prices.I would guess these same cars would have brought $5,000 to $10,000 more if advertised to more buyers.That would make the floor around $30,000 for a good project car.$45,000 for a complete rebuilt driver.$65,000 for a nice restored car.Plus a premium for rare colors, options, numbers etc.There are no deuces for sale today that I know of.But there is a lot of demand.Blue four speed or not.Earl

[YENKO DEUCE REGISTRY]

Earl, you are correct, many of these cars have sold via word of mouth instead of via the internet. They may, or may not, have brought more money if advertised to a wider audience. All but one of the project cars were passed over by several prospective buyers though, which indicates that there are those in the market that felt they were overpriced. Also, all but one of the project cars had an actual sale price lower than the original asking price, (this lone example was not the lowest priced car either, it just had excellent originality and full paperwork). Generally, the lower the asking price, the less difference vs the actual sell price = the original asking price was fairly accurate. There are some cars in my 'Top 10' category that were for sale in the $45-$50k range, and 3 different people have walked away from them. It is difficult to guage the market value by only considering those cars that sell in the public arena, it is usually quite different vs the private arena. I agree with your values for those cars sold publicly, but I'm including all sales, and those are the numbers that get used in the avge calculation.

Kevin Hand just sold a whole bunch of cars privately, but I don't know if he would have received a higher price if they were nationally advertised or not. However, you make a valid point.

[YENKO DEUCE REGISTRY]

Earl,
You make an interesting point with your comment on color and options. In the past, those two characteristics rarely seemed to come into the decision process. Now, however, I would say that half of the prospective buyers have a strong color and transmission preference. I'm not sure what impact that has on what buyers are willing to pay, but it might explain why someone would decide not to buy a particular car. Another good point.