| Flash68 |
03-22-2009 10:55 PM |
Quote:
Originally Posted by Young Gun
(Post 203238)
for the most part it is... but there are still plenty of people with money to burn... so demand is still going up per say, the supply is just dropping much quicker. That right at least?
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I dont know what "plenty" amounts to, but the number of people willing to shell out money for discretionary items like muscle cars, or commit to an expensive build, has been decreasing by the day as our economy falls on its face. A lot of people are selling these types of cars out of necessity as food, mortgage/rent, bills, etc become harder to take care of. Millions of jobs have been lost recently, and you can bet not just a handful of those people have/had or were planning to have a muscle car. Well that is on hold.
I am an example of one of these people. I started a build 2 years ago when my business was doing well, and now it is not doing as well, so I may be forced to sell it upon completion. And one of the buyers I have been talking to who WAS looking for a 75-100k pro-touring Camaro probably is not in the market anymore due to the stock market falling off a cliff. There are many more examples of this....
As far as supply, sure, every year it becomes somewhat harder to find a decent 60s/70s muscle car to being a project with. But it's not like they built 100 Camaros/Novas/Chevelles/whatever every year. They built thousands and thousands of them and they are around..... you just have to look a little harder I guess.
But I will submit that demand is falling off a cliff along with our economy while supply slowly slowly diminishes.
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