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Value of a Pro-Touring 1st Gen...
I am getting ready to start my project. It's a 69 Camaro SS and I have estimated the cost of doing everything I WANT to to this car at around $50+ thousand dollars. That is on the cheap side. Is the market value of these kind of cars going up and will they be worth more down the road (10-15 years)? I am going to go through with my project regardless because of my love for this vehicle, just curious what y'all think. :_paranoid
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I think that the "Pro-Touring" Treand Is increasing So I dont think that you will be going backwards if you ever want to sell your car.
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Yeah that's what I was thinking. Muscle cars in general have gone up so much in the last 10 years it's insane. I would almost consider buying another car for the price I am going to put into this one and let it ride for another 10 years. It's an idea, but I most likely won't do it. One project is enough.
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I too think that the trend is just starting to take off. The more popular the movement, the more likely it is you'll get your money back.
This uear, Barrett-Jackson will have more pro-touring/g-machine cars than ever, it will be interesting to see how they do. |
Don't you know.. it's just a fad.. pizza cutters and 14-inch wheels is where it's at...
:_paranoid |
If the housing market keeps tightening, the number of people with access to large sums of their equity "play" cash will greatly diminish. A lot of what has fueled musclecar price growth in the last 8 years or so is the number of people with access to this easy money, coupled with speculation. The demand has been higher than supply.
Like in real estate, quality will count a lot, in terms of retained value. But in this scenario, where overall demand declines, mediocre cars are going to have real trouble maintaining the too-high prices that they are now fetching, in my opinion. I also don't think that BJ is a complete market barometer, it really represents only a small, and overexposed, piece of the overall picture. Just my $.02 - Rob |
What about TT cars and when the design for the full chassis hits the F-Body market? Will all of these custom add-ons and custom design prevail over original equipment?
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I know that building a car is a huge investment, especailly if you plan on selling the car and want to turn a profit. The way I see it, build the car the way you want. The only thing that matters is if you like it. If some people don't, then hey, you didn't build it for them right? Just my $.02
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My input:
Yes the PT trend is on the rise but PT cars are usually worth the most when they are very fresh and done correctly. Otherwise it will be difficult to get your money back even if you did the labor yourself. Numbers cars will always go up whether restored or not. Just check the for sale ads around the net. How many sellers are asking for less than what they have invested in the car vs how many are asking for more than what they have into the car? |
If one can go out and buy the parts then its a nice car with a bunch of used parts. And if a car is "dated" then it is old used parts.
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