11-26-2008, 10:09 PM
high end cars will still hold their value. #3-#4 cars will likely drop, with some exceptions.
The Buick Gran Sports are holding their values, but their market is smaller, but supply is even smaller. I know of numerous GS and GNs in the mid teens to mid 40s that are moving right now. A Grand National with very low miles is worth more now than 20 years ago new. Its the hobbyst that will feel the pinch when he sells to raise quick cash. But if you buy a muscle car for an investment, you are an idiot. You buy it because you want to enjoy it and hopefully drive it. GNs and GSs typically appriciate in value 10-15% a year for the ones in #2 or#3 condition. #1s you can name your own price.
My best friend is a master inboard/outboard mechanic at the largest Grady-White boat dealership on the west coast. these are the 6 figure 20-30 foot sport fishing boats. People in those markets aren't affected by trivial matters like us peons. 10 grand a year in moorage and insurance means almost nothing to them. These are the same people who will spend 6 figures on a cool looking car to be the only one in the city with one. This is in addition to their 6 figure Mercedes.
The Buick Gran Sports are holding their values, but their market is smaller, but supply is even smaller. I know of numerous GS and GNs in the mid teens to mid 40s that are moving right now. A Grand National with very low miles is worth more now than 20 years ago new. Its the hobbyst that will feel the pinch when he sells to raise quick cash. But if you buy a muscle car for an investment, you are an idiot. You buy it because you want to enjoy it and hopefully drive it. GNs and GSs typically appriciate in value 10-15% a year for the ones in #2 or#3 condition. #1s you can name your own price.
My best friend is a master inboard/outboard mechanic at the largest Grady-White boat dealership on the west coast. these are the 6 figure 20-30 foot sport fishing boats. People in those markets aren't affected by trivial matters like us peons. 10 grand a year in moorage and insurance means almost nothing to them. These are the same people who will spend 6 figures on a cool looking car to be the only one in the city with one. This is in addition to their 6 figure Mercedes.