I think the market is still good. Most of the people out of jobs are in the service industry and tend to be lower income. The Muscle Car hobby crowd is a higher income crowd to afford it. People aren't traveling and saving money staying at home, and working from home also saves money. Its pretty easy to buy a car on the internet with all the money you aren't spending right now. I haven't been able to do my usual shows/trips this spring and summer which has saved me some money. So I've just been buying signs/cars instead haha I'm lucky to work at Costco were we haven't been affected, in fact business is way up.
I agree. I think this COVID economy is gonna make income disparities/inequality even worse. Think many that have money will have more money and continue to buy. The majority of my customers are my age (57) to 70's. Heck I have 80+yo customers starting NEW projects. They either have money or everything is paid off (or both) and they are spending. Hell I'm in this group (everything paid off). Dusting off my old car. Probably dump another $10-20k in it. I've even been looking for a nice 74 Challenger (just cause, last year, I had one as a kid, etc) for a few years but they are selling in the 30's. Hell I thought I'd find one for $10-15. That ain't happening.
I think we'll have plenty of cars and parts for 10-20 years. I started my gasket business 15 years ago and feels like I'm just getting rolling. Growing 20% every year. 20% better every year at Carlisle and the Nationals. People ask me all the time if I've seen a slowdown. Nope. Hell all the well known Mopar resto shops have multi year backlogs. A local guy that resto's mostly early Camaros (but owns a 66 Charger) has a warehouse with like 50 assorted make and model cars in it. First time I saw it I asked if it was a personal junkyard or something. He said no. These are customers cars. 5 years worth.
A year ago I drove to the other side of MI to buy a truck hood (to duplicate the hood insulation). The guy restored 50's Fords with the hard top that retracted into the trunk (I knew of them but never gave them a 2nd thought). So there's people that are still interested in those oddball cars even a couple vendors that supply all the parts for them. There will be customers for some of the classics right? Model A's, 55-57 Chevys, 50's and 60's Thunderbirds, 60-70's muscle cars, Grand Nationals, TRUCKS, etc
