axle
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| posted on 5/9/23 at 03:28 PM |
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our cars market value
Hi All
I do not want to start this topic with the cost of living crisis. Recently when I went to my metal merchant who supplied me the metal for my car the
price of everything was hexapole . I thought to myself I can not effort another project and what it cost now.!!!! so what be the market value of our
cars now?
Regards Axle
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nick205
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| posted on 5/9/23 at 03:45 PM |
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Reasonable line of thinking and a question.
I suspect most potential buyers out there are equally hampered by rising costs. They probably have less disposable "fun" income/savings and
are less inclined to outlay it on what for most is a fun/weekend car.
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perksy
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| posted on 5/9/23 at 07:50 PM |
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As an example I've been keeping a eye on classic car prices at auction and it seems that many cars are not selling for what they once were?
I'm certainly glad that I sold the MG last year instead of this year
There will always be money for toys, but I do think that folks are watching their pennies a little bit more at the moment...
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Mike Wood
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| posted on 5/9/23 at 09:05 PM |
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May be classic car and kit car actual sales prices achieved are returning to a more normal level after a rather overheated number of years (last 5 or
10 years?).
I guess most people who want to scratch build or buy a Locost are not looking for a financial profit, and building one will probably cost more than it
could be sold for even if your time is ignored, but something that is a bit different and fun to enjoying building, running, modifying and or
driving.
Another thought is that good quality cars that are well priced have the best chance of selling.
The other thing to think of is who has disposable income and what are they likely to buy. For some classic cars it can be some retired folk who want
to buy their first car again or one they always wanted but could never afford or had to have a family saloon; when I was looking for a Frogeye Sprite
a decade ago I was competing with those with money to pay beyond what I could afford and what the cars seemed worth; hence going for with a MkII
Sprite which had many Frogeye features but a at a quarter of the price.
The amazing prices that MkII Ford Escorts fetch make me think that Locosts, as has happened with Duttons - Melos and Phaetons, Jago Geeps and Rickman
Rangers could become now more valuable as donor spares for Crossflow engines, gearboxes and rear axles to go back into Escorts! It feels like the days
of cheap rusty MkI Mazda MX5s should be over soon for single donor kit cars, as owners of these 30 year old cars realise, like countless MG, Austin
Healey and Mini owners before them that if you love these cars then you have to replace the odd sill to keep them going rather than just scrap
them.
Cheers
Mike
[Edited on 5/9/23 by Mike Wood]
[Edited on 5/9/23 by Mike Wood]
[Edited on 5/9/23 by Mike Wood]
[Edited on 5/9/23 by Mike Wood]
[Edited on 5/9/23 by Mike Wood]
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