This forum has gone bonkers this year--When i was looking and i think Ken Smith will attest to my statement--There were not near as many C-2 Corvette's for sale here??--WHY -- the economy ?? Gas prices?? Were getting OLD?? Just wondering why is all --What do you think is the reason?? Glenn --and no mine is not for sale --I'm going to one day be buryed in it
This forum has gone bonkers this year--When i was looking and i think Ken Smith will attest to my statement--There were not near as many C-2 Corvette's for sale here??--WHY -- the economy ?? Gas prices?? Were getting OLD?? Just wondering why is all --What do you think is the reason?? Glenn --and no mine is not for sale --I'm going to one day be buryed in it
Wow, interesting concept in the first post in this thread. A guy concerned about midyear prices but is going to be buried in his midyear.... huh? what did I miss here? Frankly speaking I think some people are creating threads to try and frighten other members into selling there midyear during an election year. I believe, If I liked my car I would keep it or if I were thinking of selling I'd price it the same as any other given time.
Wow, interesting concept in the first post in this thread. A guy concerned about midyear prices but is going to be buried in his midyear.... huh? what did I miss here? Frankly speaking I think some people are creating threads to try and frighten other members into selling there midyear during an election year. I believe, If I liked my car I would keep it or if I were thinking of selling I'd price it the same as any other given time.
I'm not trying to frighten anybody nor am i looking to buy a Vette i have one already--I was just makeing a point that there seems to be more up for sale than usual is all-- --At least i sign my Posts unlike some others--Glenn
Location: Park City to SoCal - according to the map it's all down hill. No bad days in Indian Wells, California
It's just the economy. People used to flip houses but that market is dead........... so now the collector crowd is putting their "investments" on the market to make next months mortgage payment. We have csinos here in SO Cal and they are doing a booming business
There's a pawn shop in Vegas with a 65 coupe around back. That tell you anything?
This forum has gone bonkers this year--When i was looking and i think Ken Smith will attest to my statement--There were not near as many C-2 Corvette's for sale here??--WHY -- the economy ?? Gas prices?? Were getting OLD?? Just wondering why is all --What do you think is the reason??
1. Chevrolet sold a lot of them.
2. They have been desirable for 30+ years; people have preserved and rescued them.
3. They have experienced a speculative bubble over the last 5-10 years; during which time most buyers bought them in anticipation / hopes of ever-rising values.
4. The present uncertainties in the economy, coupled with unfavorable demographic trends, has caused speculators to re-consider their commitment (bail out).
I believe that with the economy today, there's a belief that mid-year prices won't go up much if at all for a year or two. The flippers are cashing out.
I believe a lot of people are cashing out because they have to.Equity lines and second mortgages bought alot of these cars. They are in over thier heads and the toy's have to go.But this thing will level out. It will be right back up in 2-3 years.I would not worry if I didn't have to sell..
If you're selling a car in this market it's because you need the dough.
If I needed the dough as you put it, the C-5 would be the first to go.
Going for a Tri Five Hot Rod. I have had Corvettes since I was 18. Iwill go through my Hot Rod faze and be back into Mid Years again. Sometimes you just need a change.
Rick
One reason might be that a number of speculators were buying C2's thinking they could flip them sooner or later for a fat profit. Now the music has stopped like in the late 1980's and they're looking to unload.
I'm not trying to frighten anybody nor am i looking to buy a Vette i have one already--I was just makeing a point that there seems to be more up for sale than usual is all-- --At least i sign my Posts unlike some others--Glenn
I hope this does not apply to any folks here,but I know for a fact that some people emptied their 401k's and borrowed against their house figuring that would always go up in value and now they are between a rock and a hard place when mortgage rates readjusted and house prices dropped. I personally can't imagine doing either of the above to finance a toy. I paid cash for my cars because I could afford to. If I could not I would not have bought them. The car market like everything else will come back,it is just bad for those that can't wait. Top quality cars with provenance are still selling all the time for real money, I agree with much of what has been posted,but if one of your considerations is the price of gas for these cars then you should not be buying one.
Last edited by Buttonhead; 06-21-2008 at 09:48 AM.
Do you remember the stock market's Black Monday? I don't remember the Year. I was at Bloomington Gold after Black Monday. There were men walking around with brief cases. OK, I was nieve. I asked one man why the brief case. He told me he was looking for tangible assets. What the H/// is a tangible asset. So I waited to see one of these brief cases open up and CASH. Yes Cash. This was before the $10,000.00 cash law to expose drug dealer/money launderers. I saw this gorgeous Black 62 with the buyer and seller sitting in this 62 counting cash. This was the first time I saw dealer types Running around with walkie talkies buying cars. This was Corvette Fever. The Corvette market is like all other markets. Ups and downs. When people are running OUT it's time to start Walking in and start buying quality.
Corvette Store
Why so many C-2's for sale????????????
Glenn --and no mine is not for sale --I'm going to one day be buryed in it
--At least i sign my Posts unlike some others--Glenn
