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SVTPerformance's Chain of Restaurants
Road Side Pub
Classic cars and there values
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<blockquote data-quote="Torch10th" data-source="post: 13713315" data-attributes="member: 15703"><p>Rock on Gentleman!</p><p></p><p>In regards to classic pricing, it's not always about supply and demand, although that does play a factor. Herritage and importance of a car create a lot of the pricing. This is why even though the Firebird as an example here is a much more rare care than the camaro, they don't pull the same market figures.</p><p></p><p>Although that is starting to change.</p><p></p><p>Here's a good example. Take the Dodge Daytona vs. a Ferrari Daytona. There are far more of the Ferrari's running around, but one could argue that the dodge is the more important car. However because the Ferrari is Penin/Ferino, add several hundred thousand to the price. So the Ferrari is more expensive by leaps and bounds.</p><p></p><p>You might say that above comparison makes absolutely no sense and you'd be right. That's what the classic car market is however. It's absurdity based on emotion with a little bit of statistic and supply and demand thrown in.</p><p></p><p>It's why not 3 years ago Thunderbirds were THE car and were starting to inch past a quarter million dollars. Now today, the market is gone and you'd be lucky to get 80-90k for a full restored, documented car.</p></blockquote><p></p>
[QUOTE="Torch10th, post: 13713315, member: 15703"] Rock on Gentleman! In regards to classic pricing, it's not always about supply and demand, although that does play a factor. Herritage and importance of a car create a lot of the pricing. This is why even though the Firebird as an example here is a much more rare care than the camaro, they don't pull the same market figures. Although that is starting to change. Here's a good example. Take the Dodge Daytona vs. a Ferrari Daytona. There are far more of the Ferrari's running around, but one could argue that the dodge is the more important car. However because the Ferrari is Penin/Ferino, add several hundred thousand to the price. So the Ferrari is more expensive by leaps and bounds. You might say that above comparison makes absolutely no sense and you'd be right. That's what the classic car market is however. It's absurdity based on emotion with a little bit of statistic and supply and demand thrown in. It's why not 3 years ago Thunderbirds were THE car and were starting to inch past a quarter million dollars. Now today, the market is gone and you'd be lucky to get 80-90k for a full restored, documented car. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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Classic cars and there values
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