Chevy Punch Online Magazine

Team News 
 
 Chevy Punch
Search

Chevy Punch
Last Updated: Jan 6th, 2008 - 18:06:13


State of the Hobby - January 2008
By Bryan Shook
Jan 6, 2008, 18:04

Email this article
 Printer friendly page

State of the Hobby

January 2008

 

Welcome to 2008!!!  The centennial anniversary of General Motors and a great year for buying collector cars. 

 

With all the talk about the real estate market going sour and sub-prime mortgage lenders going belly up, now is a great time to consider purchasing another car.  The economy could be better and with the price of mortgages and fuel affecting the middle class’s wallets, there is bound to be more good cars for sale in the coming months.  Perhaps 2008 will turn out to be a buyer’s market????

 

I’ll concede that perhaps the ceiling has been hit on the 1 of 1, top dollar, high value muscle cars, but I foretell that there is still plenty of potential growth in the market of your average antique and classic collector cars.  As you are well aware, quality examples always bring more than something that has been cobbled together.  The closer to “perfect” that the vehicle is in fit, finish and workmanship, the more money it will demand no matter what the collecting market as a whole is doing.  I predict that again this year, the overall value of our Camaros, Impalas, Chevelles, etc. will rise.  Those collectors out there that paid $400,000.00 plus for muscle cars might be seeing a dip but for the rest of the collectors, their regular Z/28 Camaros and SS’s will continue to rise. 

 

For fun, watch Barrett-Jackson, I’m sure you’ll see what I mean.  The better the quality of the car, the more it will bring.  This is not to say there won’t be certain cars that bring very high dollars.  Provenance also always brings money, but most of us don’t have a car with a long prestigious history because after all most muscle cars were ran hard and owned by young people for only a few years at a time.  The top dollar cars at Barrett-Jackson will continue to be the cars with provenance and concept cars that two collectors are fighting over.  For the rest of the cars, look for quality and you’ll see some good cars go for some good prices which should make you smile when you go out to the garage to stare at your collection while sipping on a nice celebratory glass of wine … or on second thought how about a nice cold beer.

 

This article was written by Bryan Shook (elcamino72). Bryan is an attorney whose practice specializes in the issues that automobile collectors, restorers and enthusiasts face every day.  He can be reached for comments and questions at or by telephone at 1-800-287-1202.


© Chevy Punch! Magazine

Top of Page

Chevy Punch
Latest Headlines
State of the Hobby - January 2008
Chevy Punch Magazine - FAQ