Bric Rods » Hot Rod Futures http://bricrods.com Real Automobile Work With a Twist Wed, 20 Oct 2010 17:45:08 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Hot Rod Futures http://bricrods.com/2009/05/hot-rod-futures/ http://bricrods.com/2009/05/hot-rod-futures/#comments Fri, 22 May 2009 02:48:53 +0000 bric http://bricrods.com/?p=125 The future of classic car restoration is often up for debate, with most people chosing to take the side of the continuing growth in the market and the prolonged increase in value of rarities. While some of that may hold true, I believe that the true valuation of the rare cars will come to light as the market reaches an equilibrium.  Like anything else, the classic car market is subject to gross overinflation of material valuation, with the people having the most money to play with raising the price of the everyday car greatly above its fair market value.  Standard economics applies here, and sooner or later (reference the latest Wall St. bust) the markets will come crashing down and leave us with a fairly assessed valuation on the cars we are interested in.

That being said, what one needs to look for in a car is one that is cheap according to the market and cheap according to what it willl take to restore it based on the final price able to be obtained once the markets stabilize.  The trends usually are based upon first cars, high school aged persons.  The desireable cars of their day will be the desireable cars of years to come.  Reference the muscle cars of the 1960’s and 70’s and their being desireable at the present time.  The rules of engagement stay the same, the desireable cars are the special edition ones, the GT or Saleen Mustangs, the turbo Supras, the high end of the everyday cars.  The TA’s of the late 70’s are the up and comers now, with the mid to late 90’s Mustangs to see their day soon.

All this will lead to the changing of the way cars are modified, a topic for another day.

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