Join Date: Feb 2018
Location: Staten Island NY
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 26 Post(s)
Idiotic article to me. Either you are an enthusiast or an investor. This is an example of whats killing the hobby.
The value is in the enjoyment of ownership. If you have 20 to 50 grand and are looking for an investment, with very rare exception, a muscle car is one of the poorest choices you can make. (Even with the recent 1000 point market adjustment)
There can be so many reasons why the market is “soft”. Maybe many “Second generation” GTOs are already registered and insured and thus not generating new policy quotes? Maybe people are tired of paying astronomical prices for mediocre or incorrectly restored cars at auctions that have a 10% premium built into the transaction and hired shills to pad the bids. Over 216,000 GTOs were built from 68 to 72, there is no shortage. Though only 2% were Judges originally, there must be close to 10 of all GTOs on the road are Judges now…. Anybody with some rusted out hulk and PHS doc and a vin tag thinks their gem is worth a fortune, maybe that’s also affecting sales?