OT: what happened to the price of old cars?

[Coronita]

I’ve been noticing that a lot of old cars have suddenly shot up in value over the past 1-2 years.

A lot of the 80ies Porsche 911’s are now 2x what there back in 2006/7.

A mid 80ies Audi Quattro rally car just auctioned for slightly less than 1/2 million.

What gives?

http://www.hagerty.com/valuationtools/HVT/VehicleSearch/Report?vbe=111210
http://www.hagerty.com/valuationtools/HVT/VehicleSearch/Report?vbe=3048

Not bad ROI….

[The-Shoveler]

Yea I should of held on to my 65 mustang, it was in good shape when I turned it in on a new truck.

But the funny thing I noticed is that new economy cars have gone down quite a bit in price,

In recession, they seem to go up in price, in good times they seem to go down in price.

Must be a volume thing.

[flyer]

Interesting, flu. Love older cars, and have kept a few, including a couple of Porsche’s.

[The-Shoveler]

That 65 Mustang, i bought for about 400 dollars back in the mid 70’s.

I keep wondering, if only I had a brain back then.

Same for my first house. If only I had a brain I would have held on to it, I did not really need to sell it at the time.

but at the same time I don’t remember any rich Dad type Guru’s running around at that time. I do remember a lot of so called experts who were supposed to know telling us we were all doomed to a life of less though.

[Coronita]

Speak of the devil. Autoblog just did an article just now…

http://www.autoblog.com/2015/03/26/spike-air-cooled-porsche-911-prices/

What’s driving the spike in air-cooled Porsche 911 prices

The E30 M3 supposedly is worth $70k now. Almost the same price of a new M3.

[The-Shoveler]

I also had a 1978 Trans-Am that I bought for about $1000.00

I traded it for a 600 xl Honda motorcycle.

Well I still had no brains 10 years later what can I say.

Yea I know I was just never that much into German metal.

[Author]

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