A Hagerty POV

[joysterm]

A brief comment on todays market …...fwiw

5 cars losing ground in a strong market - Hagerty Media

WWW.HAGERTY.COM

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Despite the massive strength of the collector market in the last two years, a subset of cars are losing stream.

 

[Conserv]

The shocking news to me? People collect 1970-72 Monte Carlo’s! ?

 

Best regards,

 

Steve

 

 

[Charles in PA]

My grandfather owned a series of new Monte Carlos in the early to mid 70’s.  Lots of great memories driving around in those cars with him!  As to the 02’s, what do I know but the market for the base models has seemed stronger of late than the market for tii’s at least looking at BaT. 

 

[Lorin]

So since I bought my car for $600 , does that mean it’s only worth $570 now ?!

[Conserv]

1 hour ago, Charles in PA said:

 

… My grandfather owned a series of new Monte Carlos in the early to mid 70’s.  Lots of great memories driving around in those cars with him!…

 

I knew I’d piss someone off, Charles! Sorry if I was brutal!

 

Best regards,

 

Steve

 

 

[jimk]

Hagerty articles like this one and in their mag are aimed at the investor who buys/sells cars like oats or corn, not for the guy who has an old car for driving enjoyment.  So it seems the car investor hasn't lost as much on the average as my 401k.

[jp5Touring]

I owned a 72 Monte Carlo,  there are no great memories.  ?

[AceAndrew]

Jim’s hit the nail on the head.

 

….and holy guacamole, reading that circus of a comments section just makes me that much more grateful for you gentlemen and ladies here on the FAQ.

[visionaut]

Ferengis don’t know love…

[albatcha]

1 hour ago, AceAndrew said:

Jim’s hit the nail on the head.

 

….and holy guacamole, reading that circus of a comments section just makes me that much more grateful for you gentlemen and ladies here on the FAQ.

 

Lol, this is exactly who I was talking about in the other thread about flashing headlights and waves. The muscle car driver.

 

"I'd like to see Hagarty stick to the USA. I have no interest in foreign vehicles. "

[ray_]

1 hour ago, jimk said:

Hagerty articles like this one and in their mag are aimed at the investor who buys/sells cars like oats or corn, not for the guy who has an old car for driving enjoyment.  So it seems the car investor hasn't lost as much on the average as my 401k.

Yeah. I deleted that Hagerty email without even opening it.

 

 

Cheers,

[AceAndrew]

18 minutes ago, albatcha said:

 

Lol, this is exactly who I was talking about in the other thread about flashing headlights and waves. The muscle car driver.

arguing about cars on the internet without a sense of humor is a sure fire way to turn said forum into a twitter dumpster fire. 

[chargin]

4 hours ago, Lorin said:

So since I bought my car for $600 , does that mean it’s only worth $570 now ?!

Yes, but to be generous I’ll come over and drop off $900, please have it gassed to full for me since I’m offering a premium 

[Dudeland]

You gotta admire the size of the fan shroud on the ole monte.  Made back in the golden age of just adding more onto the front of the car.. just because they wanted more "front of car". 

 

 

 

 

[Gh356]

Hagerty has my respect (and a healthy annual check for my policy), but doesn't running an article like this create a self-fulfilling prophecy?  The market seems overhyped, with prices continuing to go beyond expectation at auctions and especially on some auction sites. A simple suggestion by Haggerty is likely to overhype in the opposite direction - by scaring off potential buyers.  The upshot is that the buyer pool becomes more enthusiast oriented, and less speculator polluted.  The downside is that parts, repairs and restorations don't go down in cost, and become a little harder to rationalize.