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
|