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Showing content with the highest reputation on 01/01/2022 in all areas

  1. JDM-TOY

    Classic car bubble

    I have noticed more restored cars coming up for sale but what percentage actually sell. Price is the main driven factor on a fully restored 70's car and the market is full of buyers who low ball and waste sellers times with no consideration for the money spent on the restoration.
    2 points
  2. gav240z

    Classic car bubble

    https://www.hagerty.com/media/market-trends/a-japanese-car-will-sell-for-2-million-plus-4-more-predictions-for-2022/ As much as we love a great barn find, the "ran-when-parked" segment of the classic car market has been declining for some time and will, we suspect, continue to do so. There are some generational trends at work; aging baby boomers may be less inclined to take on a restoration that will carry into their 80s, and many younger enthusiasts are after vehicles they can use and enjoy with their families. Meantime, the skilled craftspeople who can execute big restorations are themselves aging and leaving the industry faster than they're being replaced, and shops are facing the same labor and parts shortages as everyone else. This slows down projects and drives up costs, but the biggest factor is simple math. It's rather tricky to bring a rough car back to life without winding up financially underwater. As such, cars with minimal needs will continue to be the most sought after.
    2 points
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