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Re: Is it just me? Car prices
[Re: 5thAve]
#2999307
12/28/21 08:58 PM
12/28/21 08:58 PM
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Joined: Jan 2005
Posts: 4,404
Michigan
MarkZ
Worthy
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Worthy
Joined: Jan 2005
Posts: 4,404
Michigan
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We're seeing similar prices on the FMJ forums. People wanting $20k for a damn /6 Aspen and $2k for a roached out roller with holes in it. No idea if the stuff is selling though.
1987 Fifth Avenue - 512/518/D60
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Re: Is it just me? Car prices
[Re: Neil]
#2999358
12/28/21 11:47 PM
12/28/21 11:47 PM
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Joined: Jan 2003
Posts: 11,705
Portage,michigan
B3422W5
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 11,705
Portage,michigan
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Not a lot of done and super nice old cars here have came up for sale. Mostly project cars and average stuff being thrown out there. Prices are way up and a lot of these people are going to get shocked when they haul their overbought hoopty project to the body shop and get an estimate. Waiting and buying a done vehicle still seems wiser than paying 10-15k for a project car that used to cost 1/4 of that not long ago.
Newer vehicle prices are lot more too. Used Challengers, Camaros, Ecoboost Mustangs ect have all jumped up 5-10 in the last year or so. Used to see used 5.7 Challengers at or just above 20 and now those are back up to 35 or so. V6 models were mid to low teens and now 25k and up. These are car lot prices. Might get a slight discount buying from a private party.
The stupid people are the ones now buying used core chevy 350 engines off CL for 500 when the pick a part places still sell them for 150-175. Seeing a number of people unloading spare parts they are never going to use for large money. Used car prices are up WAY more than 5-10% Try closer to 30%
69 Dart GTS A4 Silver All steel, flat factory hood, 3360race weight
418 BPE factory replacement headed stroker, 565 lift solid cam
Best so far, 10.40 @127 1/4
1.41 best 60 foot
6.60 at 103.90 1/8
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Re: Is it just me? Car prices
[Re: Neil]
#2999425
12/29/21 10:39 AM
12/29/21 10:39 AM
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Joined: Jan 2003
Posts: 11,996
Benton, IL.
DaveRS23
Special needs idiot
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Special needs idiot
Joined: Jan 2003
Posts: 11,996
Benton, IL.
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We don't use 'books' anymore. Evaluations are done with on-line sources. Much faster updates.
A 30% increase in value is actually a bit light. Somewhere closer to 40% would be more accurate. And reasonable mile older stuff can be double. Just one example; I evaluated an '09 Lincoln MKX a couple of weeks ago. Last year's Manheim Market Report put a 100k unit's average selling price at auction at around $2,200. This year, that car is averaging over $4,000. And the MKX is not exactly a primo piece.
Crazy stuff which will continue until new vehicle production catches up with demand. But that is not imminent. And meanwhile, some manufacturers are changing the game by moving away from large inventory on lots and to a build-to-order profile. Interesting times in the car industry which will never again look like it did a couple of years ago.
Master, again and still
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Re: Is it just me? Car prices
[Re: moparx]
#2999727
12/29/21 10:10 PM
12/29/21 10:10 PM
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Joined: Jan 2003
Posts: 15,272
Omaha Ne
TJP
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 15,272
Omaha Ne
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Re: Is it just me? Car prices
[Re: moparx]
#2999735
12/29/21 10:24 PM
12/29/21 10:24 PM
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Joined: Jan 2005
Posts: 4,404
Michigan
MarkZ
Worthy
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Worthy
Joined: Jan 2005
Posts: 4,404
Michigan
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i still don't understand 68-70 chargers needing EVERYTHING restored, selling for 14.5k.............  i have seen that in person, and i still don't understand it !   Uncle Fed tossed thousands at people with the idea being they were going to use it on essentials like food and rent. Instead, they spent it on toys and inflated the prices. If you are in the market for a toy then wait a little while longer.
1987 Fifth Avenue - 512/518/D60
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Re: Is it just me? Car prices
[Re: MarkZ]
#2999903
12/30/21 01:20 PM
12/30/21 01:20 PM
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Joined: Sep 2003
Posts: 19,310
north of coder
moparx
"Butt Crack Bob"
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"Butt Crack Bob"
Joined: Sep 2003
Posts: 19,310
north of coder
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Mark, you have a point about "unkle fed", but examples like i have seen, have been going on for at least the last 4-5 years. if i had not been present at the transactions, i would have called out a big B-S ! i guess owning my car since 1970, and knowing how much it cost me back then, makes my old mind act like an old tv when it's on the fritz seeing prices in today's market.
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