Quote:
Originally Posted by techweenie
Not sure how the orange s h!tgibbon got dragged into this, but back to the market.
I'm seeing super strong prices on the best cars now, as I have for the past 3-4 years.
But if the mix of cars on the market is diluted with weak, needy cars, then overall, prices are lower.
Give me a good longitudinal study any day: a specific 911SC in unchanged condition priced to market over a 10-year period. I'm betting that car's price isn't 'trending down.'
|
Tech, the car you're describing is the 1979 SC Targa that's been in my family from the day it was born. It's received proper maintenance it's entire life with no significant mods. It's as close to new -- 'unchanged condition' -- as I can make it.
I can't provide a carefully recorded study of it's market value, but the purchase offers I've received, over the years, have gone no-where but up! Not soaring, at any particular time; not up and then down, just up.
I get offers on the car almost ever year. And, usually several seemingly legitimate offers (from flippers) in the spring. Two things have always amused me. The first is how the offers seem to rise incrementally each year. I haven't charted it, but I suspect it would be an upward curve.
The second is when I get offers from several 'local dealers' (one year I had four) their numbers are pretty close and seem to include the same sum added to bait me. In other words, the people who approach me, seem to know their business pretty well.
Of course, this is all from memory, but it reflects the gist of my experience. Over the years I haven't been approached by private individuals wanting to make a wild bid on their dream car. And I haven't been approached by guys throwing 'low-balls.' I've always found this annual incremental march of my cars value intriguing.
But lastly, I have to say that I don't like it! Like others, I miss the days when these cars were affordable to many more guys looking to get involved in and contribute to the hobby. Those days when I could have purchased a second 911, just to mod and have fun with. That's now out of my reach.
Sorry for such a long response to simply say that I agree with your assessment.