Muscle/Classic values

aerodynamic · Post by **aerodynamic** » Sat Jul 12, 2008 10:35 pm

My wife and I were watching what appeared to be the latest Mecum auction last night. They could barely get anything sold at all, and in fact in most cases the bidding stopped rediculously low. Some of these cars were just amazing, and should have sold. As of the time I shut it off, they had only sold maybe 4 out of 30. And in at least one case, the owner of a vehicle dropped the reserve at the last second to make the sale. I believe it was a beautiful 60's Firebird, and I think the buyer stole that car for like $14,000. Guess the economy really has taken a beating when musclecars stop trading hands.

landon1 · Post by **landon1** » Sun Jul 13, 2008 1:23 am

yeah there was a BADASS camaro at a car show today...the first question a guy asked was what mileage it got....pretty sad

1971SSP · Post by **1971SSP** » Sun Jul 13, 2008 2:06 am

Toys are the first thing to go during lean times. If a person needs cash for rent/house payment/bills, that is the first item they sell. Add high gas prices, and things really look bad

landon1 · Post by **landon1** » Sun Jul 13, 2008 10:31 am

i know i couldn't sell my plymouth, but i'm really wishing i didn't have my mustang right now - coming into a bit of a bind now, and really can't afford it if things get any worse

Serious Satellite · Post by **Serious Satellite** » Sun Jul 13, 2008 11:45 am

This gas problem that's raised it's head right now is very similar to the gas crisis of the seventies. .. the only difference is that there isn't a shortage, long lines, and even/odd days. But the prices are comparatively similiar given the economics of the day.

And that's when Mopar discountinued the Satty line and went to the Volare. . .although they did introduce the Cordoba in 75 and the Fury based rr in 75, which didn't make any sense and still doesn't to this day.

Cordobas were notorious for their use of Japanese steel back in the day and there were major problems with rust appearing rather rapidly back then. My first wife had a Cordoba and it was only three years old and we were struggling with rust issues then.

but I digress. . .

A lot of people are selling their trucks and sports utility vehicles. . .It actually might be a good time to buy that second or third generation Roadrunner right now. . .buy low. .

Post by **Eric** » Sun Jul 13, 2008 5:47 pm

I don't think anyone has told the sellers that the market is down though! 71-72 B prices were very high at Carlisle this year. Examples:

71 runner, 383 survivor with 38.9K original miles - $55K
71 runner, HEMI restored - $275K
72 runner, 400 nicely restored - $35K
71 GTX, triple black with a bogus fender tag - $29K
several decent but incorrect (wrong paint color, options, driver quality paint, etc) were in the high $30s....I doubt any were sold!

landon1 · Post by **landon1** » Sun Jul 13, 2008 7:10 pm

meanwhile the 71 survivor 340 B7 car on ebay had a BIN of 14K...that's a bargain

aerodynamic · Post by **aerodynamic** » Sun Jul 13, 2008 7:19 pm

I don't think anyone has told the sellers that the market is down though! 71-72 B prices were very high at Carlisle this year.

I can tell you a lot of guys at that auction I was watching figured it out the hard way! No B-Bodies present, but some really nice cars that would have sold in a flash a couple years ago.

ROGERLEE · Post by **ROGERLEE** » Sun Jul 13, 2008 7:48 pm

your right ,the prices have dropped, i sold my 73 cuda about a 1 and 1/2 ago, now i check ebay and the prices have really come down.
you use to not be able to touch a cuda 340 pistol grip for less than 18,000 to 20,000, if it was in good shape, numbers matching, now it comes down to 15k. of course everything is different ,some colors and options tend to fetch more money, i just went to the completed cuda sales and checked those.
sorry, i know yall was talking about roadrunners and b-bodies, but i don't have any first hand knowledge of those.
its bad when you have to sell your toys, but like a previous post, family should always come first, those damn bills will be with us, even after we are gone.

fourforty6pac · Post by **fourforty6pac** » Sun Jul 13, 2008 11:00 pm

I noticed that the prices on project cars dropping quite a bit in the last few weeks. I'm keeping an eye on the prices because I think they will continue to drop through this year and into 2009. A few months after the inauguration of our next commander in chief, the economy should start to take a few steps in the right direction. The trick is to buy some of those cars at the right time.

landon1 · Post by **landon1** » Sun Jul 13, 2008 11:23 pm

yup...unfortunately, i bought my stang when gas was still pretty cheap (only last summer), paid not too much less than retail on a new one...now, a brand new one has so many rebates, it costs less than the 2 year old one i bought....now i'm kinda hopin bambi decides to wreck it, cuz that's the only way i can get rid of it...darn thing held it's value, but when gas went over 3.50, the book value dropped 3K

1971SSP · Post by **1971SSP** » Mon Jul 14, 2008 2:24 am

In my area, I keep seeing many of the same cars reposted again and again.

I agree things will keep sliding through this year.

Hey fourfourty6pac, start filling up that new garage!!!

dragman440 · Post by **dragman440** » Mon Jul 14, 2008 2:24 pm

This is why I'm staying with a 318 2bbl. The motor came out of a '79 Chrysler LeBaron that got between 23 and 24 mpg. Maybe I can get the same or better. It won't be fast but at least I'll be able to drive it regularly.

Smellslike1974 · Post by **Smellslike1974** » Mon Jul 14, 2008 2:39 pm

dragman440 wrote:This is why I'm staying with a 318 2bbl. The motor came out of a '79 Chrysler LeBaron that got between 23 and 24 mpg. Maybe I can get the same or better. It won't be fast but at least I'll be able to drive it regularly.

Thats awesome,my first car was a 79 Le Baron Specialty Top,I still have it!

dragman440 · Post by **dragman440** » Mon Jul 14, 2008 3:41 pm

The car rusted away around the motor. The car went to the junk yard but the 75,000 mile motor and the lock up 904 were kept. I'm going to throw a gasket set at it and paint it up. I had a 440 option and a 360 option, but like I said, I want to drive it.