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Now accepting US $ at par
Join Date: Dec 2009
Location: Great White North
Posts: 1,923
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Crack Smokers or Market Rebound?
Flicking through the latest issue of "Panorama" I arrive at the classified ad section...
There seems to have been a steep increase in asking prices for mid-year cars. A few notables:
1977 Targa - 112K miles - $26K
1978 SC - 102K miles - $17.9K
1980 SC - 30K miles - $35K
1981 SC - 58K miles "10-footer" - $19.3K
1981 SC Targa - 133K miles - $21K
1982 SC - 134K miles - $18.9K
1983 SC (cab?) - $24K
1985 Coupe - 120K miles - $19.5K
1985 Targa - 87K miles - $25K
1985 Coupe - 74K miles - $25.5K
1987 Targa - 164K miles - $23.9K (!)
1987 Cab - 78K miles - $29K
1987 Coupe (no mileage listed) - $38.9K (!)
1988 Targa - 83K miles - $25K
The average asking prices for 1974-77 cars was $29,380 ( a couple Carreras in there); for 1978-83 cars, $20,168; and for 1984-89 cars, $26,571.
I'm great with this trend, as I bought my '85 with 120K miles in early 2010 for $14K. However, it looks like if I'd waited a year I'd have ended up paying several grand more.
Which brings me to the question: are Panorama advertisers smoking crack, or has the market rebounded to the point where these may be reasonable asking prices?
Cheers,
d.
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1985 911 Carrera Coupe
2015 Volkswagen GTI 6-spd
some motorcycles
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