barking rats

What do you think the future holds for the classics in value and demand
when gas tops $3, $4 or $5 per gallon? If we are indeed near or past the
peak oil and are headed in another fuel direction in the next 15,20,
plus years, will a majority of these cars drop substantially in demand
(and value)? Given that there would be a diminished market that can
afford to operate these cars will there be a glut of desirable cars and
thus a buyer's market?

Here's waving to ya - \||||

Owen
___

'67BB & '72BB

-- not affiliated with JLA forum in any way -- alt.autos.corvette is
original posting --
___

"To know the world intimately is the beginning of caring."
-- Ann Hayman Zwinger

jason

If you have been following the fuel mileage thread, you noticed that the
newer Corvettes are actually economy cars averaging nearly 30 MPG on the
highway. If anything, this should boost their value.

Jason

Pewter 2001 C5

sbright

Even the C5's will give 18-19mpg city. I think that's better than a lot of
Kia's and Hyundai's out there...

-Stan

dad

It may be a very long time before that happens, as they go up in value they
are driven less and most are trailer queens. There may be some very slight
market adjustments for those that think they are investments but that will
be very slight. They become possessions not cars to be driven. Look at how
many think of the Corvette like that now, some just sit at the shows and the
owner thumps his chest, what a shame. Even my '72 is driven for the fun of
driving it, not to a show (off) for other people to see. To each his own.

Nothing beats the sound of the 4 barrel opening up when you hit it in second
gear or seeing triple digit speeds.

--
Dad
05 C6 Silver/Red 6spd Z51
72 Shark Black/Black/4spd

fred c. dobbs

The money I save on buying my diminished value corvette will buy a
lot of gas. I do not drive it every day in a commute. For that I have
a Mini Cooper. Either way I have fun.

Fred

bob g.

============================
Increased Gasoline prices will have absolutely no effect at all ...
on either the demand or the value of ANY Collectable Vehicle...

Honestly none of my Corvettes ARE COLLECTABL:E...just not that rare

Collectable Vehicles normally sit in a garage anyway... with the
biggest costs going for Insurance and Wax... or an encl;osed trailer
to haul it across town...

Going to make the Round trip up and back to Carlisle later this
week... about 160 miles per day so I'll put close to 500 miles on it
this weekend... most highway miles so I figure I will buy 30-40
gallons of Gasoline at 2,87 per gallon..

DAMN CHEAP FUN ...

Bob G.

daveinlakevilla

'What do you think the future holds for the classics in value and demand
when gas tops $3, $4 or $5 per gallon?'

REPLY: For collectable Classic Corvettes, i dont think gas prices will
matter at all because collectable Classics are hardly ever daily
drivers. I have a 1970 454 (built up) Corvette , 4 speed , T Tops,
totally restored... which is highly collectable....and it gets 12 mpg
around town/14.5 on the highway -- i drive it no more than 2500 miles
per year / never in the rain/ and only between APril thru Oct. Id
imagine most people interested in buying it down the road, would do the
same.

bob g.

======================================
Just curious...

I sure do DO NOT WANT to "piss" you off ..HONESTLY...

But why or how is any 1970 Coupe .. ( HIGHLY ) ... Collectable...?
Damn nice car for sure, and one I would be very happy to own...
I would call it HIGHLY Desirable !

Is it even a Collectable...? not alone a highly collectable car?

Guess what I really want to ask is how do we define a Car as
Collectable...?

I do share your driving habits however...gareage doors open on April
Fools day each years and I drive mine thru TURKEY DAY (Thanksgiving)

Bob G.

daveinlakevilla

'I sure do DO NOT WANT to "piss" you off ..HONESTLY...
But why or how is any 1970 Coupe .. ( HIGHLY ) ... Collectable...? Damn
nice car for sure, and one I would be very happy to own... I would call
it HIGHLY Desirable !'

REPLY: 'Highly desirable' and 'collectable' are semantics. If its
highly desirable , then its going to be something that qualifies as
collectable . Its desirable because: 1. Early C3's are far more
reachable (in price) than late C2's are 2. "Early" C3's are the last
of the true performance C3 era Vettes...especially those with big block
motors with 4 speeds and 370 rears . 3. Early C3's have escalated in
value quickly (mine has doubled in price in the last 8 years ,
conservatively) 4. Early C3's are from the Baby Boomer era and many of
these middle -aged folks can well afford a performance car that they
grew up around/or once owned .

'Is it even a Collectable...? not alone a highly collectable car?'

REPLY: The 454 motor (alone) in an early C3 vette jumped 35% in value
in 'ONE' year according to Corvette Fever mag. spring 2003 issue.

'Guess what I really want to ask is how do we define a Car as
Collectable...?'

REPLY: 1. Do people 'want it ' 2. Was it a relatively low production
car with its motor and options 3. Is it a good investment 4. Is it
something that brings warm fuzzy feelings cause you grew up in that era
5. Is it a piece of Americana . 6. Does it go rumpity, rumpity,
rumpity rump 7. Do u have to go to the Chiropractor for a neck
adjustment each time you floor the gas pedal .

'I do share your driving habits however...gareage doors open on April
Fools day each years and I drive mine thru TURKEY DAY (Thanksgiving)
Bob G.'

REPLY: Then is should last a long time , stay in good shape, and
steadily increase in value .... all while you enjoy it immensely .
Essentially, you are owning it and driving it 'for free' , due to the
appreciation its bringing.

flakey714

shut up dave