Where do y'all think prices are headed?

[Galucha]

So recently there's talk all over the news about how used car prices are skyrocketing, and while I don't think that may be directly affecting the classics market specifically, I think it is definitely having some kind of impact.

We all know how common it is to see listings of people wanting to sell their neglected L code coupes for obscene amounts of money, but it seems that as of late, those kinds of listings are becoming all the more common. I saw someone on the Facebook group a few days ago wanting $30k for their 73 302 coupe that was missing half it's interior. 

And then there's the other end of the spectrum where the really well optioned 71-73s are starting to fetch record prices (see the mach 1 recently sold at Barret Jackson for $176k).

So what do y'all think? Is the value of our cars jumping? And will they catch up to what the earlier year cars are going for?

 

[c9zx]

I casually track prices. I do think they are trending a bit higher, perhaps 10-15 % over the last 3 years. I don't think it has anything to do with regular used car prices. As for most people pretending to want to sell a collectable car on FB, THEY ARE OUT OF THIER MINDS on pricing. Kevco(sp) or Mike from Motor City Mustang would probably have more insight concerning rising value. Chuck

 

[1sostatic]

Now this series of M00stang has reached its glorious  50th anniversary - -the prices are on the rise -- as a buyer from the US of A to UK .. I've seen 20% increases. ... hold on to your cars folks... I predict 5 years from now , you'll be in so much positive equity, even YOU ( peasants though you are)  will not be able to afford your OWN cars.   :biggrin:

 

[Big Red Mach 1]

As the neglected and red-headed step-kid of the Gen 1's to most collectors, I've always viewed our cars as "Nowhere to go but up". 

 

[midlife]

"To the moon, Alice!"

I wonder how many of you will recognize the phrase...

 

[7173Vert]

"To the moon, Alice!"

I wonder how many of you will recognize the phrase...

Mr Gleason…

 

[7173Vert]

Good car’s bring good $$$. Has always been my belief and motto. I don’t pay attention to everyday prices of cars for sale. I do pay attention when I find a car I want and then hone in on a price I feel comfortable with and that I feel I can purchase it for. Prices for 71-3’s are still all over the board….