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Future of Car Culture and Values.

Sportin' Wood

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I've wanted to hear others' thoughts on this topic, and this thread raised the question for me again today.

https://www.riverdavesplace.com/forums/threads/1967-camaro-ss-rs.273186/#post-4904012

Great car BTW, I did not want to hijack the thread.


China Clap pricing aside, where do you see classic car pricing going in say the next ten years when the Boomers no longer can rub cars with a diaper and sit on lawn chairs in a park anymore?

I love classic cars, I believe they are like art and in many cases an investment you can enjoy. However, what keeps me from pulling the trigger is when I go to a car show, it is still a bunch of Boomers listening to Doo Whop. I don't see a lot of Gen Xers, I see almost no millennials and no Zoomers. Rat rods seemed to be an exception to this rule, but many of them are really poorly built. Booger welds and Tetnis shots.

Sure supply contributes to price, but what about demand?

FWIW It's the same crowd in Reno, for Hot August Nights, Havasu for Run to the Sun or the Duces, or even our annual Flathead Lake Montana car shows. Old dudes with cars restored in the 80s. Half the fun is building these things but finding something to build is like a needle in a haystack. Do these cars get another round of restoration, do they start to depreciate, or do they hockey stick in value because there are so few?

I really wish car show organizers would stop with the poodle skirts and greaser music and freshen up the model to attract a younger crowd.

What say you powerful and mighty RDP?
 

dirtslinger2

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I think they will continue to appreciate.

As far as they another round of restoration, I think they do, as they get older looking and also dated, and trends change, at least for Hot Rods.

I retire in 2025, and one of my first projects is re-doing my 32'. It'll stay similarly themed, but new color, and new interior color, new roof and maybe a new windshield. We'll see.
 

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LargeOrangeFont

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I think they will still go up in general because the value is sort of already there. As younger folks gain more money and want a different experience, they will buy older cars. We are already seeing this with 80s cars starting to go up. That is a damn nice Camaro @white tortilla.

My take is that those 80's and 90's restos (the good ones) will be the next thing to go up. We have gone through the full OEM restoration stage, the Pro Touring/Modern restoration stage, the survivor stage, and still have, the "period custom survivor stage" for these cars built in the 80s and 90s.

The crappy builds will still be worth crappy money.
 

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I think they will continue to appreciate.

As far as they another round of restoration, I think they do, as they get older looking and also dated, and trends change, at least for Hot Rods.

I retire in 2025, and one of my first projects is re-doing my 32'. It'll stay similarly themed, but new color, and new interior color, new roof and maybe a new windshield. We'll see.

Cars like that will never need a "rerestore". That will always look good.
 

bowtiejunkie

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I think the values will continue to rise or at least ebb and flow with the economy, but not decline. The last of the boomers is a good 15 years away. Gen X will inherited these old cars and money and keep the values up. My 13 year old daughter wants my ‘71 Chevelle, so there is interest within the younger/est of generations.

I’m Gen X and avoid car shows. I’d rather drive anywhere to enjoy the car than sit in a parking lot hearing a bunch of “he did this and that wrong”, and listening to Doo Whop. I thought that music should have changed out 25 years ago!!
 

HNL2LHC

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I think the values will continue to rise or at least ebb and flow with the economy, but not decline. The last of the boomers is a good 15 years away. Gen X will inherited these old cars and money and keep the values up. My 13 year old daughter wants my ‘71 Chevelle, so there is interest within the younger/est of generations.

I’m Gen X and avoid car shows. I’d rather drive anywhere to enjoy the car than sit in a parking lot hearing a bunch of “he did this and that wrong”, and listening to Doo Whop. I thought that music should have changed out 25 years ago!!

Same here our son was given our family one owner Chevelle convertible upon the death of his great grandparents. Technically it is his but in our name for various reasons. It will be restored and when I die it will become our son’s. It was his car that he used on weekends and special events when in high school.


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LargeOrangeFont

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Same here our son was given our family one owner Chevelle convertible upon the death of his great grandparents. Technically it is his but in our name for various reasons. It will be restored and when I die it will become our son’s. It was his car that he used on weekends and special events when in high school.


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I remember talking about this car with you. What a great canvas. It would be an awesome Havasu cruiser.
 

dirtslinger2

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Question - Would you redo it in a different style?
Probably not, I may change the windshield, I'd like it a little more layed down now, even though it's going to be harder to see out of then it is now. I'll change some of the interior, it's got a billet wheel and steering column, it was cool, I don't like it anymore. The wheels will for sure stay the same, but powdercoated tan, in my head, I want it a dark green, no metallic, with tan wheels, and a saddle interior, and probably a little less chrome on the front on end.
 

bilz

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I rarely here doo whip. Mostly 70's rock and roll. I have seen many older folks with their grand kids driving them to the shows. That is really cool to see. Guys that purchased muscle cars in the late 60's early 70's are rolling the grand kids to the shows.
 

Cole Trickle

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I think the long term market for quality classic vehicles will be solid.

Car culture is alive and well it just might not be the 57 Bel Airs and 67-69 Camaros that Baby Boomers crave as the price tag has jumped the shark. Basically a 30 year old kids isn't taking his lowered scion to a "classic" car show regardless as the 2 genres don't really mix.

People continue to find new things that were affordable that become hot. 67-72 trucks and it continues to trickle towards the newer models. The C-10 culture is pretty dang big. Broncos,blazers, 3rd and 4th gen f-bodies ,fox bodies,etc,etc...will continue to become hot and increase in value.

Japanese market for 90-2000 cars in the USA is huge and clean Supras,NSX,RX7,GTR are bringing huge $$$

I think the Classic car market is dependent on What todays 40 year old's loved or wanted back when they were 16-18 but couldn't afford. (Alot in this group love lowered OBS duallys or 2 door tahoes for this reason)

Basically I think the classic car market will continue to be fine. With that said Covid definitely skewed everything and I would be a weary buyer at this point unless it was something special.
 

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Probably not, I may change the windshield, I'd like it a little more layed down now, even though it's going to be harder to see out of then it is now. I'll change some of the interior, it's got a billet wheel and steering column, it was cool, I don't like it anymore. The wheels will for sure stay the same, but powdercoated tan, in my head, I want it a dark green, no metallic, with tan wheels, and a saddle interior, and probably a little less chrome on the front on end.
Nice.. Again, still timeless.
 

samsah33

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I guess it will depend on the connection to the vehicle, I like late 60's muscle cars because that's what was around and what people were working on when I was a kid, so I always dreamed of getting one. Conversely, I don't feel that connection to cars from other eras such as the 40's and 50's. Like another poster mentioned, their grandkids like and want their classics, so there's that connection. I have similar thoughts about guitars and that market - after all the old timers are gone, will I be able to pick up a classic dirt cheap since all the kids are into electronic and DJ's these days...?
 

530RL

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As an asset class, it will continue to rise.

However, trends will change on what goes up and what falls off.

Monterey is hopping this week. No slow down or recession.
 

Sharp Shooter

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I've wanted to hear others' thoughts on this topic, I love classic cars, What keeps me from pulling the trigger is when I go to a car show, it is still a bunch of Boomers listening to Doo Whop. I don't see a lot of Gen Xers, I see almost no millennials and no Zoomers. Rat rods seemed to be an exception to this rule.


FWIW It's the same crowd in Reno, for Hot August Nights, Havasu for Run to the Sun or the Duces, or even our annual Flathead Lake Montana car shows. Old dudes with cars restored in the 80s. Half the fun is building these things…
What say you powerful and mighty RDP?

These cars are many different things to many different people. For some they’re a time machine back to the past, for others they’re a project to build with their son. Another large demographic of enthusiasts are more addicted to flipping than the driving and cruising.

You sound like you’re not sure why you would jump into the game. …???
 

HNL2LHC

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I remember talking about this car with you. What a great canvas. It would be an awesome Havasu cruiser.
It will be in town soon. Hoping to bring it here this fall. Let’s hope that all the rust does not fall off it when in route. LOL

Also was great my grandmother was asked all the time if she wanted to sell it when out and about in Kailua. Then fast forward to our son. When driving it he was also asked who’s car It was. There were sure a lot of people that would see the bright yellow car. LOL. So much that we would get calls about our son being spotted on the road. It stuck out so much that we always an eye on what he was doing while in that car. LOL
 

Sportin' Wood

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Same here our son was given our family one owner Chevelle convertible upon the death of his great grandparents. Technically it is his but in our name for various reasons. It will be restored and when I die it will become our son’s. It was his car that he used on weekends and special events when in high school.


View attachment 1266066
My grandfather left his 72 Monte Carlo to my 15-year-old brother when he passed away, The car was MINT, and very low miles. My brother could not take possession until he was 18. In that three years, my Dad destroyed the car. He lived on Balboa Island and it was parked outside, surface rust had started, he never did maintenance, and my youngest sisters used it like a minivan with my stepmom daily driving it. I helped him pick it up the day after his 18th birthday, the car shit the bed in Corona and had to be towed back to Menifee. My brother was so heartbroken he sold the car. That escalated a strained relationship between my brother and Dad that has never been repaired.

Some people underestimate the powerful connection a car can provide. The last thing my grandfather would have wanted was for his son and grandson to fight over that car, but that is exactly what happened.
 

coolchange

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As an asset class, it will continue to rise.

However, trends will change on what goes up and what falls off.

Monterey is hopping this week. No slow down or recession.
Have you seen anything on who’s streaming?
I guess I can search it out lol!
 

Travmon

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My thoughts on the subject , I have been forecasting an absolute drop in street rod prices for over a decade. It has not happened and I am not sure why. There is a ton out there in the 30-45 k range but nearly all of them have dated interior, dated wheels unpolished 90’s billet crap and they are usually low miles but in my opinion undrivable based on how they look. If your a car guy that stays current on trends and such you are definitely not rolling anywhere on a 15” billet anything.
So if you buy one and dump 25k-30 k to make it current now your only at lets say 65-75k in it , its still s great value and probably sellable at your investment. I think until my generation passes (61 yrs old) prices are still pretty safe. I still have many on my bucket list and so do my friends. When the generations that had a honda/toyota as first car have the money I dont see them being musclecar/ streetrod buyers unless they are from a car family thats when you will see the bottom fall out. Restored stock model “A” type stuff is circling the drain now.
As far as car shows go myself and alot of my buddies stopped going 20 years ago over bee bop music , for fuks sake if your a dj and can not look out at your audience to get a general age and play that music please dig yourself a hole and get the fuk in it !!
 

Sportin' Wood

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These cars are many different things to many different people. For some they’re a time machine back to the past, for others they’re a project to build with their son. Another large demographic of enthusiasts are more addicted to flipping than the driving and cruising.

You sound like you’re not sure why you would jump into the game. …???
I've always been an off-road guy. I've built some pretty cool stuff only to completely destroy it in a weekend. I've been a tourist and spectator this far when it comes to classic cars. After being on the road for the last two years traveling, I have a shop again. :)
 

JFMFG

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Id assume they will only appreciate. I’m 31 my dad and I are currently doing a full resto mod on his 70 trans am. I’ve been on the hunt for a nice 57 bel air.
 

monkeyswrench

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"I think the Classic car market is dependent on What todays 40 year old's loved or wanted back when they were 16-18 but couldn't afford. (Alot in this group love lowered OBS duallys or 2 door tahoes for this reason)"
This is what the trend has been for years, at least the 30 or so I've been in car stuff. It seems to go by decades. The cars people knew as "new" when they were little, but then were older, used cars and modified in high school. That, or the flashy cars that were new.

The question really is this: What new cars will survive to become classic.
 

Cole Trickle

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My thoughts on the subject , I have been forecasting an absolute drop in street rod prices for over a decade. It has not happened and I am not sure why. There is a ton out there in the 30-45 k range but nearly all of them have dated interior, dated wheels unpolished 90’s billet crap and they are usually low miles but in my opinion undrivable based on how they look. If your a car guy that stays current on trends and such you are definitely not rolling anywhere on a 15” billet anything.
So if you buy one and dump 25k-30 k to make it current now your only at lets say 65-75k in it , its still s great value and probably sellable at your investment. I think until my generation passes (61 yrs old) prices are still pretty safe. I still have many on my bucket list and so do my friends. When the generations that had a honda/toyota as first car have the money I dont see them being musclecar/ streetrod buyers unless they are from a car family thats when you will see the bottom fall out. Restored stock model “A” type stuff is circling the drain now.
As far as car shows go myself and alot of my buddies stopped going 20 years ago over bee bop music , for fuks sake if your a dj and can not look out at your audience to get a general age and play that music please dig yourself a hole and get the fuk in it !!
Car show scene is more political than kids sports...lol

We went with a big group to the fountain valley car show years back and the participants got to vote. We ended up all voting for my friends dads 65 el camino. He was 75 and in the later stages of cancer and that trophy meant more to him than you could imagine.

After he won there were a couple guys that spent a couple hundred grand on there trailer queens that were audibly upset and caused a ruckus. It was pretty gross.

That's why I like the drag race and jeep scene.....people are cool and would break there back to help you.
 

Sportin' Wood

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My thoughts on the subject , I have been forecasting an absolute drop in street rod prices for over a decade. It has not happened and I am not sure why. There is a ton out there in the 30-45 k range but nearly all of them have dated interior, dated wheels unpolished 90’s billet crap and they are usually low miles but in my opinion undrivable based on how they look. If your a car guy that stays current on trends and such you are definitely not rolling anywhere on a 15” billet anything.
So if you buy one and dump 25k-30 k to make it current now your only at lets say 65-75k in it , its still s great value and probably sellable at your investment. I think until my generation passes (61 yrs old) prices are still pretty safe. I still have many on my bucket list and so do my friends. When the generations that had a honda/toyota as first car have the money I dont see them being musclecar/ streetrod buyers unless they are from a car family thats when you will see the bottom fall out. Restored stock model “A” type stuff is circling the drain now.
As far as car shows go myself and alot of my buddies stopped going 20 years ago over bee bop music , for fuks sake if your a dj and can not look out at your audience to get a general age and play that music please dig yourself a hole and get the fuk in it !!

Run to the Sun last year we saw a few cars like you speak of in the mid-twenties range. On the surface, they looked like decent cars, but the steering looked janky, and my assumption was that they were not drivers. I imagined vapor lock, oil leaks, exhaust leaks, and poorly tuned carbs. All I could think about was getting gassed out of the car, overheating, and sloppy steering. Chasing charging issues etc.

I was assuming another round of restoration for cars like that. Could be easier than the first round, but not cheap.

But fun to rub with a diaper. :)
 

Cole Trickle

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This is what the trend has been for years, at least the 30 or so I've been in car stuff. It seems to go by decades. The cars people knew as "new" when they were little, but then were older, used cars and modified in high school. That, or the flashy cars that were new.

The question really is this: What new cars will survive to become classic.
The ones that don't will become valuable due to low numbers...lol

Every time i see a "sideshow" in la with someone wrecking a Pontiac G8 i smile because the value of my car jumps...haha

I bought a 00 SS camaro 6 speed convertible with low miles for $9500 6 years ago and have done good on that. I think 4th gens will continue to jump in value once the 3rd gen craze dies out due to cost...Thats my cover it and leave it stock car.

Bought a semi clapped out miata before covid and fixed it up and ended up with probably 4k profit. Rolled that into possibly one of the nicest 1st gen miatas in the USA for what i consider a steal. I think all rwd Japanese cars will continue to climb.
 

MonkeyButt70

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These classic cars appreciate based on the current money earning demographic. When people in their 30s and 40s start making some money. The pressure of everyday life and stress weighs on them and they purchase these type of cars to buy back their youth for the cool cars that were the thing in their high school years. You will see a steady decline in the "street rod" types that your grandfather owned. But Cars such as Irocs, Fox Bodys, Supras, mini trucks etc... will start climbing the ranks in prices, you can see it now.
 

thmterry

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I would like to know the age of everyone posting in this thread. any 20 somethings? Or all 40 year old plus guys?
 

PlanB

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Bought this Superformance in 2006. They posted two used cars recently for sale. The one with a Roush motor like mine is selling for 125k. The other with a motor from a local builder is selling for 115K. A GT40 from them is going to cost you well over 200K now. Big increase in price on all of the cars they build. The market on the stuff I follow is up big.


IMG_1788.JPG
 

EmpirE231

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a 20 something year old is gonna have a different flavor of what they consider cool or a classic, vs. a 40 YO or 60YO

I'd love to add a classic to the garage, but most the stuff I think is cool has gone to unobtanium price levels. 1965 Lincoln Continental convertibles are 80-100K+ (they were 30k not too long ago) 1967-1972 C10 short beds are 30-50K now... were 8-15 not too long ago.
 

RaceTec

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I think the numbers on the nice stuff will stick and a bunch will be handed off to the next generation... Some shows have more of a punk or Latino influence and are good... I think the latest trends are going to be the roadkill model, just get it running for cheap then fix it up. People can't afford the nice stuff and still want to play, CA just sucks because of all of our regulations and smog! (I am 48) @cyclone what are you seeing out there and your thoughts?
 

LargeOrangeFont

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a 20 something year old is gonna have a different flavor of what they consider cool or a classic, vs. a 40 YO or 60YO

I'd love to add a classic to the garage, but most the stuff I think is cool has gone to unobtanium price levels. 1965 Lincoln Continental convertibles are 80-100K+ (they were 30k not too long ago) 1967-1972 C10 short beds are 30-50K now... were 8-15 not too long ago.

Nice Lincoln hardtops were 10-12k when I wanted one. Should have just done it lol.
 

EmpirE231

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Nice Lincoln hardtops were 10-12k when I wanted one. Should have just done it lol.
had a 66 hard top 2 door 15 years ago.... got it for a few grand, dumped 6-7k into it doing switches, brake booster, brakes etc etc etc (still looked like crap) and ended up selling it for maybe 3500 bucks lol. I now wish I got a 65 convertible when they were 30k for a clean & restored one.
 

bonesfab

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The classic car market is still strong and I hope it stays that way as I have a few. The older care 20-30's are not losing value but are a lot harder to sell as the demographic is dying off. Just like anything price is going to be determined by quality of build also. Same car but 100k difference is a reality. I don't see the values tanking as they are not making them anymore and they still are getting totaled or parted out. We have also rebuilt some that years ago would have been scrapped. These cars put people back in happier times.
 

LargeOrangeFont

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had a 66 hard top 2 door 15 years ago.... got it for a few grand, dumped 6-7k into it doing switches, brake booster, brakes etc etc etc (still looked like crap) and ended up selling it for maybe 3500 bucks lol. I now wish I got a 65 convertible when they were 30k for a clean & restored one.

Me too. I like the convertibles but always wanted a sedan after seeing the mess that made the top go up and down 😂.

Either that or a 59-62 2 door Chevy BelAir or Biscayne has always Been in the list.

I was an inch away from scoring a Nassau Blue 59 Biscayne, with a 4.3 V6 and a turbo 350 in High School.
 

FreeBird236

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Growing up I had a 56 Chevy and always wanted another one or a 55, but after looking a couple years anything that really would satisfy me was pushing 65-75k and I didn't want to spend that much. The first car I even owned was a 53 Chevy Business coupe, so when I saw a nice 50 2dr Coupe for less than half of the tri 5 stuff I decided to make the move. It's not a trailer queen, but on the other hand I don't feel like driving to Prescott and getting road rash, so I pretty much stay local. As far as the market goes, the affordable stuff is pretty stable, if you start spending 100's of thousands for the most exotic show stuff you'll probably lose money as they age. Buy something that you want to keep and drive and don't try to make an investment.
front view.jpg
 

J&k beer can

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Things have changed for sure..

In the mid 80's to mid 90's used too buy cars from the recycler paper for cheap. Refurbish them from junkyard parts and sell making money..
It started to change in the 2000 internet..
Still where able to find deals..

Now with Car TV shows etc n flippers shows etc its gotten harder..
Some guy sitting on his couch think his POS it worth xyz...lol.
Plus you have all these dealers now selling hot rod. muscle cars.
80's 90 's . Imports etc.
And folks want it and finance it for 7-8-10 yrs.. see it alot..

Last 12 or so years i chase paper when buying.. there's no lies as to what been done..

Market is soft on lots of stuff...
But folks throwing high prices.
When they are high as a giraffe's pu$$y..

I'm involved in a lot of car show stuff and the big thing is changing music to cater to all ages. Not just that oldies DJ stuff.

As of now I won't leave my cars to the kids. They show no real interest or will to keep them if passed on.. sell for the money n buy a new shit box.
 

PlanB

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Bring back mini trucks.

I was a member of Stylin Minis back in the 80s. Damn fun times at Mini Truck Runs.
I wish I still had my last truck from the truck club days. There are some FB groups with guys rebuilding their old trucks from the 80's. Pretty cool!
 

ChiliPepperGarage

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This is a regular topic on the HAMB. Hot rodder lamenting the demise of the hobby.

Personally, I don't really care. When I can no longer drive all my cars will go to my nephew so I'm not concerned about their value.

I rarely go to car shows anymore. Been doing it for 50 years or so. I drive my cars and have fun with them. I have no desire to park them somewhere for others to look at. Besides, they always look way cooler rolling down the highway than parked up somewhere with a bunch of others.

'32s and '33/'34s are still pulling in big money. '50s cars came on several years ago now and '60s muscle cars have been strong for quite some time. I do think they will drop off but not for quite a while.

I think '90s stuff will come up. Fox body Mustangs and IROC Z's as well as import stuff. As the fast and Fuzzy crowd gets older those cars will go up too. As more new cars go EV, I think a lot of ICE cars will rise in value too.
 

Hammer

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I think they will continue to appreciate.

As far as they another round of restoration, I think they do, as they get older looking and also dated, and trends change, at least for Hot Rods.

I retire in 2025, and one of my first projects is re-doing my 32'. It'll stay similarly themed, but new color, and new interior color, new roof and maybe a new windshield. We'll see.
Beautiful car.
 

white tortilla

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33 years old here.

Love the car. Paid a good amount for it. Just starting a family now and running my own business hasn’t afforded me the time to enjoy it. Another baby on the way, I could use the capital for more important family needs. I don’t have to sell it and love driving it. Any car show I have gone to it gets more looks then most of the other stuff there because it’s not all upgraded and lowered with chrome rubber band tires and crappy 80s era seats and faded AN fittings on an Edelbrock carb. If I don’t find someone else to appreciate it I’m not worried about value going down, inflation will outrun what I paid for it lol.

We’ll see what happens. My oldest gets super fired up when we take him out in it.
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whiteworks

Custom Shutters by WhiteWorks
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It’s been a few years now but I took my cousin to NYC when he was about 19. We went down to the hotel bar to have a drink and these two girls were in the bar having a drink, one was maybe 35 and the other was early 20’s, both were kinda trashy in a good Jersey kinda way.

So me and the kid are having a drink and they come over to say hi, we buy them a drink and chat it up for a bit, I’m letting the kid lead as I already know the deal. 😉

My cousin is all in on this program, he’s talking with the young one and I’m just maintaining good vibes with the older one for sport. After a while they tell us they are taking off and headed to lower manhattan, the young one writes her number down and slips it to my cousin and says if you guys want to party later give us a a call and they bail.

Now here’s the deal, somewhere over on Staten Island there was a dude named Tony driving around in a 1987 IROC Z28 with tee tops, he’s sporting some mid weight gold rope chain with one of those claw looking medallions and he looking for his girlfriend Angela (the 35 year old) who took his little sister Maria into the city to turn some tricks at the higher end hotel bars.

Two morals to this story.

1. My cousin got to see real prostitutes on his first trip to NYC, he had no clue until after they left and I told him.

2. 1987 IROC Z28 is my call for an investment grade bad ass ass car to pick up and stash. 👊
 

bonesfab

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It’s been a few years now but I took my cousin to NYC when he was about 19. We went down to the hotel bar to have a drink and these two girls were in the bar having a drink, one was maybe 35 and the other was early 20’s, both were kinda trashy in a good Jersey kinda way.

So me and the kid are having a drink and they come over to say hi, we buy them a drink and chat it up for a bit, I’m letting the kid lead as I already know the deal. 😉

My cousin is all in on this program, he’s talking with the young one and I’m just maintaining good vibes with the older one for sport. After a while they tell us they are taking off and headed to lower manhattan, the young one writes her number down and slips it to my cousin and says if you guys want to party later give us a a call and they bail.

Now here’s the deal, somewhere over on Staten Island there was a dude named Tony driving around in a 1987 IROC Z28 with tee tops, he’s sporting some mid weight gold rope chain with one of those claw looking medallions and he looking for his girlfriend Angela (the 35 year old) who took his little sister Maria into the city to turn some tricks at the higher end hotel bars.

Two morals to this story.

1. My cousin got to see real prostitutes on his first trip to NYC, he had no clue until after they left and I told him.

2. 1987 IROC Z28 is my call for an investment grade bad ass ass car to pick up and stash. 👊
I got a 87 z28 I am doing a ls swap in right now. It could be yours at the end.
 
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