Prices are certainly down

[1952henry]

I'm 46 years old, 6'1", 215. No belly. I work as a loan officer at a community bank. I see what is going on every day. I don't mean to come off as negative. I tell my wife that I'm not a pessimist, I'm a realist. I'm blessed in so many ways, very thankful for what I have. I also realize I'm not the majority. It's a brutal world.

True words spoken. Feel blessed to have the job I do.

 

[Hitman]

Prices are down on things across the board, but this car sold for what it's worth or possibly a little more than what it's worth.

Just look at the pictures. Questionable vin, rusty chassis that's been sitting near the coast, front spring is sitting on the axle, drivers door jamb looks ugly, undesirable color, cracked floor mat, seat not sitting against the frame, Phillips screws are used and more if you look closely!

 

[The Art Doctor]

Were not at the bottom yet, long ways to go. I'm saving my loose change for a Full Classic. At this time 7000 boomers die each and every day in America. Even if just a small percentage have only a single old car its 10's of thousands showing up in the marketplace every year. Its already gone from a trickle to a river of supply in the last 5 years. In 10 more its going to be wild what I will be able to buy with those coins.

 

[19Fordy]

Oh my gosh. Bleak. I'm 83.

 

[Kube]

Were not at the bottom yet, long ways to go. I'm saving my loose change for a Full Classic. At this time 7000 boomers die each and every day in America. Even if just a small percentage have only a single old car its 10's of thousands showing up in the marketplace every year. Its already gone from a trickle to a river of supply in the last 5 years. In 10 more its going to be wild what I will be able to buy with those coins.

I sold my '31 Buick series 90 opera coupe a few years ago. Been in the family for nearly 60 years. A full classic per the CCCA. This car was and is stunning.
It brought about half of its value in 2010 or so. And even that took some effort.

 

[19Fordy]

Wow Kube! What a beautiful car. It's gotten to the point where it's way cheaper to "buy one done". Makes one wonder what's going to happen to these cars as the buyers fade away.

 

[GB SISSON]

Wow Kube! What a beautiful car. It's gotten to the point where it's way cheaper to "buy one done". Makes one wonder what's going to happen to these cars as the buyers fade away.

I feel bad for all those vendors that cater to our needs. They must be feeling the pinch. I guess we should have seen this coming, but I know I'll still be dragging something home to fix up. I actually like the process of bringing them back to life way more than I enjoy driving them, which is precisely why I have never had any interest in buying a restored vehicle. Just leave me some non-running junkers.

 

[34fordy]

I feel bad for all those vendors that cater to our needs. They must be feeling the pinch. I guess we should have seen this coming, but I know I'll still be dragging something home to fix up. I actually like the process of bringing them back to life way more than I enjoy driving them, which is precisely why I have never had any interest in buying a restored vehicle. Just leave me some non-running junkers.

I believe the vendors knew it before we Barners wanted to believe it. So many parts were becoming unavailable. Now it has become difficult to sell good parts not only for lack of interest but the "barnfinds" just aren't there to be found. The project cars are much fewer in numbers.
As for Gary's enjoyment of "just bringing them back to life" that is what some of us go for and can afford more easily. It is so nice that we all find common ground in the love of these cars and can help and appreciate the folks who choose their own level of intertainment. We are truly a FORD FAMILY, huh?

 

[Kube]

Wow Kube! What a beautiful car. It's gotten to the point where it's way cheaper to "buy one done". Makes one wonder what's going to happen to these cars as the buyers fade away.

It is, as you have figured, much cheaper to buy a car that has been properly restored vs. doing one yourself.

I don't wonder what's going to happen to the market.
It's simple economics, IE supply vs. demand.
Supply is going to continue to increase while demand is going to continue to decrease. That will without question, reduce sale prices.

 

[Kube]

I believe the vendors knew it before we Barners wanted to believe it. So many parts were becoming unavailable. Now it has become difficult to sell good parts not only for lack of interest but the "barnfinds" just aren't there to be found. The project cars are much fewer in numbers.
As for Gary's enjoyment of "just bringing them back to life" that is what some of us go for and can afford more easily. It is so nice that we all find common ground in the love of these cars and can help and appreciate the folks who choose their own level of intertainment. We are truly a FORD FAMILY, huh?

Don, I have for decades enjoyed the restoration process much more than the actual use of my cars.
That being said, I'd never restored a car with profit in mind. My primary motivations were to test my personal abilities and to bring a piece of history back. As fortune (blessing) would have it, I was able to profit from each restoration. However, that was "then". Today is a different story entirely. Today, I know darn well I would NOT make a cent on a full restoration and would in fact, lose a lot of money.

While there are a few, just a few, folks that still want true #1 restorations, that number has dwindled. And those few realize quite clearly that their investment is one based on their passion, not the vehicles future worth.
That part of the equation has pretty much always been true.

Many years ago, perhaps ten or more, I had begun to believe this market was set to implode. That's when I started in earnest selling off many of my cars and parts. I am glad I did as what I believed was going to happen, well, we are all seeing it today.
It will get worse.

I will keep some of my cars regardless of what the future (values) may hold. To reiterate, this is firstly a passion of mine. I fully expect the values to drop... I just don't care. Simply looking at them brings me so much joy. That is where the value is to me, and if I dare suggest, to you.

 

[Kube]

Oh my gosh. Bleak. I'm 83.

Will you be my (slightly) older brother please? The position is open and Lord knows, I could use a mentor.

 

[34fordy]

Will you be my (slightly) older brother please? The position is open and Lord knows, I could use a mentor.

Geeesh 19Fordy, Don't pass up an offer like that! I don't know how anyone could be a "Kube Mentor" but just the offer is worth taking to the bank !!!!

 

[solidaxle]

I have a confession, I was the 2nd highest bidder at $27,282.00 and stopped bidding. I just don't need another "32" or project. I have too many projects I'm never going to finish or even start. However, I can't stop myself when I see a good value in a car of my interest there's a desire to own it and Bring A Trailer fuels it.

 

[Kube]

I have a confession, I was the 2nd highest bidder at $27,282.00 and stopped bidding. I just don't need another "32" or project. I have too many projects I'm never going to finish or even start. However, I can't stop myself when I see a good value in a car of my interest there's a desire to own it and Bring A Trailer fuels it.

Ha! I so understand. I do my best to stay away from BAT. It is too addictive and too tempting.

 

[1oldtimer]

The market is collapsing on the street rod and hot rod folks as well. Do you think any percentage of the population aged 20-40 years has any interest in a hot rod or street rod? Nope.


After they pay their $2,000 a month mortgage, $800 a month car payment, put $150 a week of gas in a car, pay insurance and utilities they really have disposable income?


There aren't enough rich folk to prop the market up. Those folks don't buy old cars.

Yes there are quite a few younger kids around here, I see them at shows and swap meets. These cars definitely hit their peak and are on the down slide........so be it. The cars and parts go back into hiding, it's happened before. The big thing is they will be more attainable again. Also the true young car nuts definitely are NOT spending $800+ a month on car payments, they're buying cheap and fixing them. BTW, I'm a little older then you are.

 

[Seth Swoboda]

Yes there are quite a few younger kids around here, I see them at shows and swap meets. These cars definitely hit their peak and are on the down slide........so be it. The cars and parts go back into hiding, it's happened before. The big thing is they will be more attainable again. Also the true young car nuts definitely are NOT spending $800+ a month on car payments, they're buying cheap and fixing them. BTW, I'm a little older then you are.

I'm not talking about folks making monthly payments on a collector car. I was talking about folks who buy new cars for the family. I see it on credit reports every week. The average price of a new car is now just over $50,000. Many people finance nearly all of that purchase. I've never seen anyone buy an old car that needs repairs for daily modern transportation for the family. Not in my part of the world.

 

[34fordy]

. I've never seen anyone buy an old car that needs repairs for daily modern transportation for the family. Not in my part of the world.

It has been over 65 years since I got my Iowa drivers license. I have never bought a new car. Our daily drivers are 24 and 30 years old. Many very good new cars can be bought for less than 30K that will last over 200k if properly maintained. I don't think transportation is worth 50k. However, A 34 Ford that will barely make it around the block, well, that's a different ballgame for sure! hahahahahaha. Ya just gotta get your priorities in order! LOL

 

[ford38v8]

The tax reform act of 1986 took away tax deductions for credit card interest. That was the biggest favor the feds have ever done for us common folk. That made it an easy decision to start living within your income rather than on credit. Best thing ever happened to keep bankers from raiding our wallets.

 

[Kube]

The tax reform act of 1986 took away tax deductions for credit card interest. That was the biggest favor the feds have ever done for us common folk. That made it an easy decision to start living within your income rather than on credit. Best thing ever happened to keep bankers from raiding our wallets.

Um, perhaps you didn't notice but credit card debt is at an historical high. Recently, it passed over one trillion dollars.
More folks than ever charge; just about anything and everything.

 

[ford38v8]

Um, perhaps you didn't notice but credit card debt is at an historical high. Recently, it passed over one trillion dollars.
More folks than ever charge; just about anything and everything.

Did I say people took the hint? Average credit card interest over 22% and average IQ to match.