Re:Todd,...


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Posted by Todd Wilson on Tuesday, May 13, 2003 at 9:25AM :

In Reply to: Re:Todd,... posted by MoparNorm on Tuesday, May 13, 2003 at 8:42AM :

And if you think Barret Jackson is the authority on prices of muscle cars then I got a 318 Charger I'll sell you for $45000 dollars! Or how about a Cuda Convertible with a 318? I'll paint it yellow and sell it to you for $75000 and you can pretend you are Nash Bridges! Norm Bridges now theres a thought! ;)~~~~~~~

Theres a few things happening in the wonderful world of BJ.

First the stock market has been down and investors are buying classic cars and then turning them for a profit. Some % of returns is much greater then playing the stocks.

This is good for someone who bought a big block muscle car back in the gas crunch days of the 70's or tucked that Hemi car or AC Cobra from their youthful days of the 60's in the garage and has kept it all this time.And wants to sell it!

This is bad for some 35 year old yuppie who has some cash now and decides he wants to be cool and drop $40000 on a muscle car to park next to his $50000 BMW. When the stock market gets rolling again and it will the investors will go back to stocks and the bottom will fall out of muscle cars. The Yuppies $40000 car will now be worth $25000. And any investors still holding vehicles will lose.

I think the 40's and 50's vehicles have already experienced this and didnt the Corvette go through this in the 80's with a lot of foreign buyers grabbing every Corvette they could?

BJ also caters to the rich folk. I will use my self as an example. I am not rich but as a kid I was lucky enough to scrape together a few dollars to go buy 2-3 HotWheels to play with. I now collect hotwheels and have a little more cash to play with and will go buy 10-20 HotWheels at the store now. Rich people at BJ have serious cash or credit lines and when you are sitting there checking out cars with millions of dollars in the bank you dont care about a piddly little 90g's for some cool old car.

BJ knows this and they are exploiting that and making a killing.

Muscle cars are experiencing this right now becuase we have people now between 50-60 years of age who now have a good job. Kids are out of the home. They have some disposible income. They want to relive their youth and drive a muscle car just like the one they had back in the summer of 69 or buy the muscle car they couldnt afford then or their dad wouldnt let them buy back then.

Now with all this being said old cars will continue to go up in value over time. The rare cars will hold value and go up and always command a premium price.

Todd




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