Classic muscle cars loosing value?

why are looking to buy a Shelby, or any other collectible ? Because you always wanted one? Or because you want one for the investment ? Only after you have identified your motivation, can you or anyone else detertmine if it's the right move for you at this time. (and remember, no sure things in life).

Z. Ray
'66 GT-350

 

No one knows whats aroundthe corner. Prices have gone up quite a bit in the past 5 years. The soft market now could be just a breather, or a real downturn. Given your motivations, I'd say now is good time to take your time looking at all the current offerings. Prices probably won't be going up or down much in the next few weeks.

Many of us now owning Shelby's didn't have that luxury, as the prices were moving up faster than we could pull the trigger on a deal.

As far as the '66's go. They might be undervalued at the moment. The GT-500's all had a major shot in the arm after the release of the"Gone in 60 Seconds" remake. I remember, not too long ago, when the '66's were more highly prized than the cars that came later.

65's & '66's have the racing heritage. The 67 & later cars don't. Too Heavy. And the '68's on never even saw the inside of a Shelby American facility. All Ford marketing.

Z. Ray
'66 GT-350

 

you might find this thread interesting:

"Future value of K codes & other 60's era cars"

http://www.hipomustang.com/hpmx/topic.asp?ARCHIVE=true&TOPIC_ID=4060

Z. Ray
'66 GT-350

 

My take on it is that a lot of people are sitting on cars. A LOT of cars have changed hands in the last 4-5 years, A LOT. People are either enjoying them or just keeping them in storage waiting for time to go by.

There are not a lot of barn finds left. A lot of the really good cars have been bought 2-3 times. A lot of the stuff you see coming up for sale on Ebay or other auction sites are not always the best of quality. The good cars change hands through low profile private sales. The cars at barret and other places tend to be bought by people who love the limelight and over pay. The Shelby's at Barret last year were not that great.

If you are truly interested in an investment grade shelby GT350, there good places to look. Hemmings.com, www.carsonline.com etc...

Now for my pitch, I am selling my KR convertible if you are interested, email me or call me at 415-378-4284. I have a 4 car garage and 6 cars right now. I absolutely love the car and have spent a lot time and money putting original parts on it over the last 18 months. I just like my 67 GT500 more and the Supersnake is going to be my driver.

Mike

 

Prices may have flattened out a bit but they most certainly will not drop. If you want a Shelby, there is no better time than the present. That has always been the case. You will probably never end up with one if you are waiting for prices to drop.
Jon

 

The K Registry thread is a year and a half old. Predictions ?

 

Short term, prices flat, long term, I still am holding with the opinion I had back then:

" .......Posted - 08/03/2005 : 09:43:06


This is only an opinion backed by little research, but here goes. I think the demand for 60's era cars will be less as the baby boomers head into retirement:
1) baby boomers will be cashing out of their investments, including cars, as their incomes shrink, and expenses such as health care continue to rise. The market will be flooded

2) these cars have a greater emotional connection to the baby boomers than to later generation. We grew up wanting these cars. Current youth are more fixated on what they see now, the "Fast & Furious" type, imports with generally more speed & handling than 60 era iron.

3) Check out the values of cars made in the 30's & 40's. They had their greatest period of inflation 20 years ago and have been flat (relative to inflation) since.

4) Every boom has it's bust. The late 1980's saw Shelby values go through the roof, only to fall by 50% or more. Back then a 427 Cobra could bring $750K to a million. Even now you can find a nice 427 Cobra for around $300K (back in 08/03/2005 that is... ) (80's values of Cobra courtesy of Shelby registry.)

opinions anyone ?

Z. Ray
'66 GT-350 ......."