realistic seller pricing ?

buckhorn76

buckhorn76

Power User
2 You're 10
Nov 3, 2012
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buckhorn ontario
VetteCoins
733
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1976
as an avid follower of several different classics for sale sites i think i see a trend beginning to develop. the asking prices appear to have settled into more reasonable levels from some of the ridiculous numbers i had been seeing. perhaps people are understanding that barrett-jackson sales are not indicative of real world values. this seems to be happening on both sides of the border and personally, i don't think it's got all that much to do with the economy. of course the rare, high dollar stuff is still in another league entirely. i am seeing many very nice metal bumper c3's in the 18-25k range which not long ago was unheard of. has anyone else noticed this, or is it me ??? :D
 
The prices you see are just asking prices not buying prices it seems like anytime you post something for sale people automatically assume your dropping the price down by 50 %. Maybe that's why people are asking so much but prob not getting anywhere near that
 
I'd like to know how many are actually selling at all. I see cars on Kijiji for a while then disappear only to resurface a few months later. There is a burgundy C5 on Chemong road north of Peterborough. It has been sitting out with a for sale sign off and on for at least two years. When we bought our Corvette, it had fewer than 22K km, reasonably priced I thought and we were the only phone call. While other cars get winter driven, get old and rest away, Corvettes these days are looked after and pampered for the most part. Few are winter driven other than perhaps the leased ones. The Corvette population just keeps growing creating a bloated market if you are trying to sell. It's great for the buyer because he can pretty well pick the price, colour and options he wants on Kijiji. We did. Many people posting their cars for sale on Kijiji must never look at the prices of similar cars posted there or elsewhere. If our guy got no calls at $31.5, how many calls is the guy going to get asking $36K. As far as auctions go, you wouldn't get me buying a car at one on a bet. Barrett-Jackson.....a staged joke. It's right up there with the reality shows.
 
Sorry Keith, I am not seeing that trend. I just checked auto-trader and I don't see anything nice for under $33K. I spent less than $20K for my 71 big block roadster but it needs a lot of body work. Mechanically fantastic. It was a frame off but the body was in need of attention. Hence the price. I truly believe you get what you pay for.
 
I see the higher spring time prices too but are these cars moving? I've bookmarked a few and they are still for sale a month or so later. If people are getting more than last year, that would make me happy because at least the car isn't depreciating.
 
I can tell you from first hand experience since I listed my '67 in March, I have dropped the price twice and still have had no one come to even look at it. I don't know if it is just the simple fact that no one wants the older generation C2's anymore or what but I will not be giving it away any time soon.
 
navion said:
I can tell you from first hand experience since I listed my '67 in March, I have dropped the price twice and still have had no one come to even look at it. I don't know if it is just the simple fact that no one wants the older generation C2's anymore or what but I will not be giving it away any time soon.
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nor should you. i think the c2's have entered a niche market, especially the 63 and 67. they are beautiful cars and an example such as yours should command top dollar but finding the right buyer is the key. i think many people are scared to death of owning a c2 because of fear of something happening to it.
 
Doug hit on a good point. We had a documented 1969 SS396 Chevelle with the 375 hp 396 and original M21 Muncie transmission and KK 4.10 rearend. Had we written that car off, where would we find another one? Not that a person wants it to happen, but if we wrote off our Corvette, we could have another one within a week or two and not have to travel half way across the continent to get it. We are much more at ease driving the Corvette and are enjoying it a lot more because the worry isn't in the back of our minds. I just posted about a 2005 for under $20K.
 
My uncle who is a huge car buff brought up an interesting point. The difficulty in finding a buyer for the C2 could be a generational thing. For example, guys my age (mid 40s) grew up with the C3. As kids we dreamed of these cars. That is why I wanted a C3. The crowd that grew up with the C2 is getting onwards in years and may have already satisfied their dream of owning one. In fact, a lot of younger car buyers don't even want American muscle cars. They all want Japanese imports that they customize. It has been suggested that the entire car collector phenomenon is at risk of dying as guys like us get older and disappear. This is not my opinion but it sounds interesting. Any thoughts ??
 
rocky yo said:
My uncle who is a huge car buff brought up an interesting point. The difficulty in finding a buyer for the C2 could be a generational thing. For example, guys my age (mid 40s) grew up with the C3. As kids we dreamed of these cars. That is why I wanted a C3. The crowd that grew up with the C2 is getting onwards in years and may have already satisfied their dream of owning one. In fact, a lot of younger car buyers don't even want American muscle cars. They all want Japanese imports that they customize. It has been suggested that the entire car collector phenomenon is at risk of dying as guys like us get older and disappear. This is not my opinion but it sounds interesting. Any thoughts ??
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I think this is a very valid argument and one that I have thought of before. The performance of today's cars is light years beyond our old collector cars and probably a good reason why young urbans are not interested in the old stuff. I see it at cruise nights like the one I was just at tonight; most of the people looking are as old or older than me.
 
rocky yo said:
My uncle who is a huge car buff brought up an interesting point. The difficulty in finding a buyer for the C2 could be a generational thing. For example, guys my age (mid 40s) grew up with the C3. As kids we dreamed of these cars. That is why I wanted a C3. The crowd that grew up with the C2 is getting onwards in years and may have already satisfied their dream of owning one. In fact, a lot of younger car buyers don't even want American muscle cars. They all want Japanese imports that they customize. It has been suggested that the entire car collector phenomenon is at risk of dying as guys like us get older and disappear. This is not my opinion but it sounds interesting. Any thoughts ??
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I'm going to have to respectfully disagree there.

Is it true that most younger guys have newer cars? Definitely. Mainly because they are affordable. A good muscle car with decent power will run easily over $30k. Where as a newer camaro or mustang can be had for under $30k with tons of power and be a daily summer driver. Its just about affordability. All my buddies own newer mustangs and F-bodys but when they're at my house, their jaws drop when looking at muscle cars (my fathers). They all want to own one some day but right now they are out of reach and for a newbie, hard to fiddle around with (carbs tuning). They just plug in a computer and tell the car what to do. Its really easy.

IMO, pre '74 cars will drop significantly in the next 10 years or so. Making them affordable for the next generation with less buyers. There will be an over abundance of cars outweighing buyers in that span. Lots of collections will be sold in the next 10 years flooding the market as well.

It will be "in" to have a piece of automotive history again. These cars are like art and will be appreciated as such by my generation I think.

Time will tell, but thats my take as a part of the "younger" generation.

Cheers,
 
abeltrame said:
I'm going to have to respectfully disagree there.

Is it true that most younger guys have newer cars? Definitely. Mainly because they are affordable. A good muscle car with decent power will run easily over $30k. Where as a newer camaro or mustang can be had for under $30k with tons of power and be a daily summer driver. Its just about affordability. All my buddies own newer mustangs and F-bodys but when they're at my house, their jaws drop when looking at muscle cars (my fathers). They all want to own one some day but right now they are out of reach and for a newbie, hard to fiddle around with (carbs tuning). They just plug in a computer and tell the car what to do. Its really easy.

IMO, pre '74 cars will drop significantly in the next 10 years or so. Making them affordable for the next generation with less buyers. There will be an over abundance of cars outweighing buyers in that span. Lots of collections will be sold in the next 10 years flooding the market as well.

It will be "in" to have a piece of automotive history again. These cars are like art and will be appreciated as such by my generation I think.

Time will tell, but thats my take as a part of the "younger" generation.

Cheers,
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I think you hit the nail on the head when you said that newbies don't want to fiddle. I agree with you that the next generation can appreciate a beautiful car but would they want to own one??....Likely not as they are the plug & play generation, even if they had the $$ they would likely not buy a classic. Hence, they will not likely buy the C2 we were discussing and someone made the point about the right buyer. I would hazard to guess that the right buyer will be in his 50s or early 60s with some coin and not a 30 year old.
 
It has been suggested that the entire car collector phenomenon is at risk of dying as guys like us get older and disappear. This is not my opinion but it sounds interesting. Any thoughts ??
Click to expand...

I gotta agree, for instance how many guys out there want a beautifully restored Model A Ford? I'll drive my C2 till I can't then someone else can worry about selling it ... Nuff said
 
yes boys things do seem to be taking a shift in this hobby of ours. in a similar situation to keith i have a friend who did the same thing as keith did. this friend for years had classic mopar muscle cars, high end mint drivers. he got to the point where he was almost afraid to drive them for fear of something happening to the car. he sold his last car, a 70 duster 4 spd 340, and bought an 07 stage 3 roush mustang at a difference of $500. this seems to be a developing trend. then you have the guys like me, i enjoy working on the car myself and really consider my 76 as being too new for me. like most, the cars that appeal to me are the cars that i grew up with.
 
As for what VT65 said about the Model A Ford, I've had this one for sale for two years.

In that time I've only had two serious inquiries and then they didn't even show up to look at it. I'm asking $12,000.00 for it but I think your right, people don't want something they have to work on and fiddle with to enjoy it.
Rob
 
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