NSW Corvettes
General Discussion Area => Corvette Related Chat => Topic started by: bfit on May 16, 2016, 10:48:56 PM
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I'm interested in opinions
Why are the corvettes and,other similar vehicles so had to sell these days?
Our dollar is down! yet local cars are not moving , average cars, top level cars are not getting the interest.
Has the time passed for these cars?
Is it the lack of confidence in our economy caused by dismal lack of government?
Are there just to many cars?
Is it the cost brick laying?
Have your say
Bfit
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Has the time passed for these cars?
Dunno, but generational turn will surely hit one of these years. That is, they will only appeal to a diminishing number of baby boomers.
A mate of mine, now 77, has always been heavily into cars of the 1930s. He opined recently that kids nowadays are not the slightest bit interested in anything before the 1970s, especially anything with a running board on it.
Are there just too many cars.
The tsunami of cheapies that hit Oz (mainly via QLD) when the dollar was at parity can't have helped prices and demand, that's for sure.
Is it the cost [of] brick laying
... or the cost of land to lay those garage bricks on?
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:hi: Hi all, I agree with the comment that the kids that have been born after us baby boomers don't care too much for classic cars, sad to say but we are a dying breed. :grr:
Also for us still in the work force, as my wife and I are on the very tail of the boomers in our mid 50's can tell you that it is tough out there with a lot of sectors struggling to make a buck, let alone have some play money for a toy to put in the man shed.
Just a few snaps I have seen over the last few weeks. :drunk: See you at Sutton Forrest
(http://i1291.photobucket.com/albums/b543/kenoberg/IMG_7293%20002_zpsapvu5vvd.jpg) (http://s1291.photobucket.com/user/kenoberg/media/IMG_7293%20002_zpsapvu5vvd.jpg.html)
(http://i1291.photobucket.com/albums/b543/kenoberg/2016-02-09_23-32-22-640x438_zpsadmbgqa7.jpg) (http://s1291.photobucket.com/user/kenoberg/media/2016-02-09_23-32-22-640x438_zpsadmbgqa7.jpg.html)
(http://i1291.photobucket.com/albums/b543/kenoberg/2016-03-30_22-22-58-400x271_zpscxy6j4pc.jpg) (http://s1291.photobucket.com/user/kenoberg/media/2016-03-30_22-22-58-400x271_zpscxy6j4pc.jpg.html)
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Two things:
1) Most of the cheap US cars I have seen for sale that seem to not sell are all RHD. And they are all at the age now where you can import the same model and keep it LHD. To make it worse, you see a pic of the engine bay and the brake booster is still on the left. In my opinion, most people know how bad some of these RHD conversions can be and simply steer clear.
2) As stated by GTC, there was a flood of imports while the $$ was at parity or better, and there still seems to be plenty coming in for sale with 'import approval'. There are even a stack that were imported a few years back that are now for sale with import approval. Presumable because of hidden rust that the buyer is trying to on-sell.
I'd have a C4 as a daily in a heart beat if I didn't need a car that could fit baby seats...
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Good topic.
The current scene is showing more interest in the last 5 yrs than it had for a very long time.
Look at the prolific number of coffee and evening runs at the varies locations in Sydney.
More and more cars out at these events than I have seen in many a yr, there is interest and some good cash out there for the right cars.
Aussie muscle is moving well with some good cash being parted with.
As to the moving of a corvette well it's like a house location location location sells, to put this to a vet in terms street appeal ,yr and condition.
One of our members recently sold his within a week for good money ( street appeal ) flashy new red paint over a good body, ( yr ) Chrome bumper model . ( condition ) very good to excellent a turn key car get in and drive and enjoy.
C 1 C2 and the C3 chrome bumpers move and are up 5% to 8% in the last couple of yrs.
Big blocks a very big puller in price.
There is a heap of vets for sale at the moment and yes it would be true to say that this is due to the dollar being high a few yrs ago and the US in a down turn.
Mid yrs of the C3 were the biggest import they were bloody cheap, very good examples could be had for under $10,000 US
Another point with selling a vet is the owners expectation of what it is, really this does not in anyway meet reality in real terms. Get it real stand back an look at it.
In the current way things are going and I do follow this , mid yr C3 down as well as all C4s and the C5 moving in the same direction.
C1 C2 And C3 chrome bumpers up.
As I stated before location location location and value as such.
Regards Ross
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I agree with all the above , two seats don't help much as well , people with limited budgets and kids look to Camaro"s and other sports 4 seaters . Either way it can"t be all the Brickys fault.
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Now hang on a minute, if "the Bricky" had charged less, then the young couples would have cheaper houses, smaller loans and thus more disposable income and I'm sure the hubby would have controll of that income so he could buy a Corvette. It is plain to see it is the "the Brickies" fault !?!?!?!?!?!?!?.
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Now hang on a minute, if "the Bricky" had charged less, then the young couples would have cheaper houses, smaller loans and thus more disposable income and I'm sure the hubby would have controll of that income so he could buy a Corvette. It is plain to see it is the "the Brickies" fault !?!?!?!?!?!?!?.
VP what world do you live in
Hubby has control of the purse, that's not a concept that I'm familiar with.
There is that illusion but really is different to illusion.
If a young couple has disposable income then that will be making babies, with the illusion that children will make them happy
Bfit
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Is it the lack of confidence in our economy caused by dismal lack of government?
^ This!
I've been unemployed for over 2 years now after the mining boon collapsed and I wasn't even working on the mines. Add to this all the other people that've been put out of work with all the other businesses that are currently downsizing or going under.
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Now hang on a minute, if "the Bricky" had charged less, then the young couples would have cheaper houses, smaller loans and thus more disposable income
Not in the slightest bit correct. Yes tradies are now charging a fortune but with all the kids now finishing HSC and/or going to university, there's less going into trades so it's just supply/demand working here.
The reason that property (new and old) is so expensive is because banks are giving out loans too easily. When you arrive at the auction the next guy was able to get more from his bank so bids higher, thus raising the price. When I purchased my unit the realtor was on the phone with another couple and they kept pushing the price up, I was also talking to my banker checking to see how much extra I could borrow; eventually one of us gave in at 12k more than the asking price.
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So there you have it !!!!
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OMG. you lot are so easily distracted.
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OMG. you lot are so easily distracted.
Alzheimer's :bolt:
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I blame chemtrails.
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ADHD.
(https://creativejamie.files.wordpress.com/2014/05/looks-like-i-picked-the-wrong-week-to-quit-amphetamines.jpg)
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Scotty - I would disagree with some of what you say, there are heaps of LHD C4's coming out of WA and to a lesser extent SA. Smaller markets mean we see them advertised here on the Eastern seaboard, and they are very cheap, but require conversion if they dont comply to State Laws. I think 2 seats deter a lot, but those interested want the "Glamour Muscle Cars" - late C2's and C3's. And lets face it for looks and appeal they are the best, but as far as sports car handling goes they are the pits. I would imagine that the warmer months will trigger sales and lets not forget we have had some uncertainty, economy wise, over the past few years.
Come Sept I think the market will once again lift.
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Scotty - I would disagree with some of what you say, there are heaps of LHD C4's coming out of WA and to a lesser extent SA. Smaller markets mean we see them advertised here on the Eastern seaboard, and they are very cheap, but require conversion if they dont comply to State Laws. I think 2 seats deter a lot, but those interested want the "Glamour Muscle Cars" - late C2's and C3's. And lets face it for looks and appeal they are the best, but as far as sports car handling goes they are the pits. I would imagine that the warmer months will trigger sales and lets not forget we have had some uncertainty, economy wise, over the past few years.
Come Sept I think the market will once again lift.
I have to agree with the handling comment VP.
I have a Shirt load of money in my C3 suspension wise.
and still can not predict where the car will go when the torque starts to come on.
The last lot of suspension work dropper 12 seconds of my lap time at Winton
how ever,I had to let one C5 walk past me in a corner , as I could not guaranty the car would go straight,when I get on the throttle.
BUT that is one of the pleasures of an older vehicle. sorting out the old world technology.
other wise one would just go out an buy a mustang .
Bfit
Bfit
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I agree with all the above , two seats don't help much as well
Add to that, no boot. For those that can only have one car, no boot can be a deal breaker.
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Yes the boot Mmmmm, doesn"t hinder my wife 4 days away to a not so recent Vette Convention took 9 pair of shoes and came home with 11 plus stackhat and clothes not bad for a c3.
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But at least yours Ray - like my 78 and the C4, have the big "Camaro" rear window - where heaps of shoes and socks and undies and Honey can be stored. I even saw a chappie turn up to a Show and Shine complete with two children stored in the back. Ummmmm.
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Don't think age has much to do with it, except combined with the economy and most having kids... I'm 30, and most of my mates would love an old Vette, but they have kids and/or job insecurity. My wife and I have reasonably safe jobs (as far as any are nowadays) and no kids, so I have cars and she has horses. Of course, if we still had to play in the ridiculously expensive Sydney housing market then we wouldn't be able to afford either... And even in our situation I couldn't afford the top end of the market. My '79 was a bargain priced local car, mechanically needing some work, but zero rust, decent interior etc, here and registered for 5 years. It had still sat on the market a while, and I haven't seen anything comparable in value come up for sale since.
Also, on the rhd thing, as someone who works on my own cars, I'm not interested in a rhd, would prefer lhd. Main reason being parts availability and not having any issues with a hodgepodge of components. Even for my '79 f250, which was an Aussie built one, it's all the rhd specific parts that are hard to find/buy, and that's a factory built vehicle that was made in reasonably large numbers!
Anyway, just my 2c.
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I'm 30 and most of my mates would love an old Vette
I find this to be true, I get compliments from younger folk constantly and sure they'd love one but would a 60's car be at the top of their list if they had the cash to buy one or would they go with something more modern?
s
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I find this to be true, I get compliments from younger folk constantly and sure they'd love one but would a 60's car be at the top of their list if they had the cash to buy one or would they go with something more modern?
Depends... I guess my point of view is biased - I own 3 vehicles, the '79 Vette, '79 f250 and a '68 MG Midget. I have very little interest in newer cars. But, I guess if I'm honest I'm not the usual case - even my 3 younger brothers, who grew up with me and driving my dad's MGA and MGBGT, have each bought newer cars to play with (MGF, MGZS, and MX5), but cost is a big factor there. Both the MX5 and MGF both cost dramatically less than even my cheap Vette, and that's disregarding the money spent on it to bring it up to scratch. The MGZS was similar to purchase, but less in ongoing costs and is the only car my brother and his wife own, so a newer 4 door car made more sense for them. I expect each of them will probably buy older cars as time goes on and they have the resources. I have other mates who appreciate older cars, but mostly have newer stuff (one does have an old Datto with a modern turbo motor in it) and some who still appreciate older stuff but are only interested in owning newer stuff (a small minority).
Price has a huge part to play. You can buy a pretty cool '80s, '90s, even '00s car cheaply, with easily available parts, and it will likely be reasonably reliable, economical, practical, and not suffer from rust... Or you can spend more money for a 60s or 70s car that will cost you more money again to bring up to scratch, and continue to cost you more in ongoing maintenance and repairs, while being fairly impractical and expensive to run... You really have to be very committed and/or in a reasonably secure financial position to consider an older car.
How many people here don't own a newer car? Assuming you do own a newer car, think about if you had a young family and current young peoples wages, and were trying to break into the current housing market. Do you think you could afford/justify a pre '80s car as a toy/hobby? Or would you be more likely to buy a cool newer car that could more easily serve double duty as a useful second car?
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How many people here don't own a newer car?
Me, newest car I own is 1976.
Yep, even in the 80's, people were selling their Aus. pony cars to put down mortgages. I always read about how they regret doing so but if they thought about it for a minute, they'd realise it's their wisest financial decision. How many times over has their property increased in value compared to what their cars have? Even if you sold a GTHO or A9X back then, you've still made more with property.
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Me, newest car I own is 1976.
Cool! You know we're a minority though.
Yep, even in the 80's, people were selling their Aus. pony cars to put down mortgages. I always read about how they regret doing so but if they thought about it for a minute, they'd realise it's their wisest financial decision. How many times over has their property increased in value compared to what their cars have? Even if you sold a GTHO or A9X back then, you've still made more with property.
Monetarily sure, but smiles?
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Cool! You know we're a minority though.
Yep.
Monetarily sure, but smiles?
True but the usual comment comes after seeing what their old car is worth these days and then saying they wished they never sold it as it would fetch 6 figures these days. Their house however would be fetching closer to 7 figures.
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Have a look on CarSales or just cars, I think they had 167 - 175 cars - nearly all C3 a few C1/2 plus some C4's. nearly all C4s were LHD unregistered !?!?!. the C3's had some LHD and they want big money. A bit too much for young family's.
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nearly all C4s were LHD unregistered !?!?!.
Yep when the USD was riding low, many US cars were imported by people wanting to make a quick buck and they were sellng them LHD unregistered. My guess is the C4's are leftovers that haven't sold as quick as the others.
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It make me laugh when people say the poor economy is to blame for lacklustre sales of collector cars.
Just when I am about to believe that there is no money around I see some cars go for moon money.
I cant believe the money that farm clearnce sales bring for laddock wrecks.
I think the American car market has had its day. Simply put way too mamy cars have come in.
Off course the really special cars will still find a buyer.
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It make me laugh when people say the poor economy is to blame for lacklustre sales of collector cars.
Of course the really special cars will still find a buyer.
^ this is the case. Rich people are often still rich in a poor economy, they just don't spend as freely and it's often when they make their best buys. Special cars will always fetch interest, it's the not so special that have a hard time selling but you can always sell if the price is right; it's just a matter of how low you want to sell for in a poor economy.
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