| 40topless | -- 01-25-2017 @ 6:00 AM |
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Question out there. With the new generation of car people wanting 60, and 70 era of cars whats going to happen to the value of the Fords down the road. Just a curious.
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| kubes40 | -- 01-25-2017 @ 6:55 AM |
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It is of my opinion that the older the car, the more rapid decline in value will follow. Typically we all want(ed) the car that we either had as a young man or wanted as a young man. That scenario has not changed with today's youth. There will be aberrations to that "theory" of course. Some vehicles, '32 and '40 Fords as well as '55 - '57 Chevys come to mind. Those particular vehicles have gathered a somewhat cult status with folks spanning many generations desiring one. That will prop the values for those cars up longer than years closely surrounding them. One other huge thing that comes in to play is the basic law of economics - supply and demand. A rare vehicle will hold value longer than a common vehicle. Think for example of a '33 Ford three window coupe vs. a fordor sedan. Also, a true #1 restored vehicle will hold its value longer than the much more common #3 vehicle. There will always be those that insist on owning the very best and as the "very best" are few and far between, they will as a matter of economic law hold their value better. As a side note of sorts, the latest generation does not desire cars from the 1960's and 1970's so much as their older "brothers". The latest generation of age is gravitating towards fairly modern cars (think Honda, BMW, etc.) than the "muscle cars we coveted. In my humble opinion, watch sold prices on any vehicle you want to track value upon and compare the recent sales prices with those of five, ten, even fifteen years ago. You'll see a pattern emerge rather quickly.
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| Stroker | -- 01-25-2017 @ 7:39 AM |
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I believe Mike has an excellent point regarding the cars that "our generation" coveted are not the cars that the Young, Upwardly Mobile types who wish to "recreate their youth" do today. I do believe there are a couple of exceptions to this "rule" however. First, there are cars that are unique, in that there is nothing today that resembles them. Wood-bodied Station Wagons seem to appeal to the younger generation because they are so "unlike" anything made in the past 65 years. Likewise with four-door convertibles which Ford hasn't produced since 1939, although there were some mid-60's Lincoln's that fit in that category. Secondly, I believe there remains an "investment" market that uses "Vintage-Special-Interest" cars as a hedge against inflation. Obviously this market is highly sensitive to Interest Rates, and Stock Market values. The "price-paid" is a function however of "rarity", not age.
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| trjford8 | -- 01-25-2017 @ 7:41 AM |
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In addition to Kube's advice I do not watch prices that occur in auctions. I've always felt that auction sale prices are not the real world. I watch other listing sites and pay attention to the sold listings. They are much closer to the real world.
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| kubes40 | -- 01-25-2017 @ 9:08 AM |
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Trjford, I agree in part to your remarks in regard to auction results. Cars actually SOLD at auction are "real" prices although perhaps arguably inflated due to deep pockets and large egos. Regardless of those reasons, if a cars sells at an auction or elsewhere it does have an impact on value of a similar car. One MUST be wary of auction posted results of cars not actually sold. They are often inflated artificially and have NO bearing on true value. Everyone should be well aware that shill bidding is alive and well.
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| woodiewagon46 | -- 01-25-2017 @ 11:17 AM |
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It's a "generational" thing and it isn't only Ford's. When I first went to Hershey in 1968 there were over 200 Model A Ford's on the show field, last year there were about a dozen. Today you can't give away a Model T and Model A's aren't far behind. I can remember Model A roadsters about 20 years ago that sold for around $25K and now you can get a real nice one for about $20K. V-8 Ford's have held up fairly well, but the price has been flat for many years. When I walk the show field at Hershey, I now see Pacers and '87 Chevys. I'm "old school" to me an antique car is something from the '20s, '30s and '40s. There is an old saying, "the way to make a little money in the old car hobby is to start with a lot".
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| thunder road | -- 01-26-2017 @ 6:21 AM |
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The latest generation of age dose not live in the same world as before. As someone who just turned 60, and have been to the Hershey fall meet 39 times, and has twin boys who are 27 years old, I will tell you that when I was 16 years old all my friends knew that I wanted a 1940 ford coupe. One friend said that near his grandmother's house about ten miles away the neighbor had one for sale. I went their and the car was a worn out hot rod from the 60's.He said he wanted$ 1,750 for the car and I only had $1,000. I went back when I was 21, and I asked him how much was the car and he said $1,750. I paid him and over the next 7 years with a lot of help from my friend, did a frame off restoration outside, in the rear yard of my grandmothers house on the lawn. I put down four sheets of 3/4 plywood, which I painted with oil paint, no pressure treated back then, and tar paper stapled to the bottom side. It took a total of 12 years including the time to save up for, and to restore the car back to 100 percent original, before I could drive the car one mile. Today with all the high tech, and high cost of living, people are working two jobs and can't keep up. The pace of life is not a healthy one. Maybe that's why they have to have it today, or forget about it? Lastly I would add a 1965 Mustang fastback to your list of cars that never seem to stop going up, and Hagerty has a good vaule price guide Domenic This message was edited by thunder road on 1-26-17 @ 8:14 AM
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| shogun1940 | -- 01-28-2017 @ 11:55 AM |
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Hopefully when the gear heads of the up coming generations get enough money to buy an old car, they will want something different than today's cars because they all look a like. Only the mustang,camaro and challenger have distinguishing looks.toyotas,fords,chevy, Audi,Lexus honda, Hyundai all look a like.
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| bigvince | -- 02-12-2017 @ 10:42 AM |
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Go to any cruise event and look at the grey hair (I'm 62). I have three old cars including a 67 Mustang (bought in 1970),68 Charger (82) and 48 Ford Woodie (07). I bought the woodie simply because I wanted something different and was curious about building a flathead and restoring a woodie. Three kids and only my 30 year old daughter has shown any interest in cars. Kids are more than happy to buy a new mobile phone and electronic equipment and push off getting that license until after the 18th birthday. If the car hobby is to survive, car owners need to do a bit more to get folks enthused rather than simply sit in a lawn chair and listen to same 50's music at a car show.
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| 3w2 | -- 02-12-2017 @ 4:12 PM |
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With respect, I could have sworn that Lincolns were made by Ford Motor Company since 1923. If that's so, the last four-door convertibles were the Lincolns of the early and mid-sixties. And then there is the 1940 Mercury four-door convertible.
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| efv8CofAAdmin | -- 02-12-2017 @ 6:07 PM |
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There is hope for us. Today, (2/12/17) the CBS Sunday Morning news show showed a segment about a business that is making a huge come back after years of being pushed aside for electronics. The business is pinball machines. Remember those? They were replaced by electronic gaming. It has been making such a come back that the company they showed has a 2 year backlog in making new machines. And those machines are the same that we grew up with -- steel ball and flippers. Now, what can you take away from this? That the Pacman, Donkey Kong, etc. was just a blip and that people are looking for the real skill that it took to be a Pinball Wizard. One can hope, that the lack of interest in classic transportation will also make a strong comeback. Well, we can hope. But, we need to do our part and get 'em out there and keep them visible. Web Administrator
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