Spyerx

braggart!

Steve Weiner-Rennsport Systems

Shatteringly true. The issue is the lack of educated and informed buyers which inflated the value of junk cars.

Smart buyers hire someone who really knows these things to prevent getting cheated.

lucky strike

Yes & there you have it!!

suckho

I would like to see major drop in spare part prices. Not that interested in car prices as I already have one

Not gonna happen though..

mooty

another value thread.
so cool
i ride a cipollini and have a german shepherd.
what you got spyerx?

Spyerx

Lots of blue notes and prestige vinyl!!

GTgears

That's part of why this isn't a bubble. 5 years ago rebuilding an SC engine was less than $10k. Now it is more than $15k. How can that be a $15k car if it has 150k mi on it and the engine was rebuilt 20k mi ago?

It's not just speculators and ignorant fools "driving" up the price of these cars. The real cost of ownership has gone up.

BTW, I purchased my company 6 years ago last month. I have not raised the price of my parts during that time. Not many serving these cars can say the same. The German OEM parts that I resell, and we don't make in house, have gone up. But not the things under my own roof. Just an aside with no real point.

rfloz

“Nowadays people know the price of everything and the value of nothing.”

― Oscar Wilde, The Picture of Dorian Gray

Edward

Applicable in Wilde's day; spot on, today.

And with the internet, everyone's an "expert"

Edward

JCP911S

I'm a survivor of the "Dot-Com" bubble, and the "Telecom" bubble... but today, Internet and Telecom companies are creating trillions of dollars of value.

I've seen countless internet and telecom "airballs" pumped by Investment Firms crash and burn, but the concept was correct.

Its about quality, and quality cars, (or companies or real estate or art), will always hold or build value, but when unsophisticated buyers come into the market looking to make a quick killing, they get slaughtered.

73911

Bears make money. Bulls make money. Pigs get slaughtered.

Richard Newton

crgracer92

Take a look at the values of E30 M3's currently. The Hagerty Report shows the category 1 1989 M3's currently should bring $105,000.

3-4 years ago you could buy a prestine E30 M3 for around $7,000-$10,000. Which really gives it a huge increase when you compare to todays pricing. Most E30 M3's sell from $26,000-$45,000 with cars out there being asked $55,000-$60,000.

There is no bubble. Truth is inflation, a lot of cars being totalled racing and street driving makes these cars more rare. The original car will fetch more money than the car that sat in the back yard for the last 10 years. And the original cars are becoming more rare. Makes me almost not want to drive mine!

Werks 1

The bubble has burst....a bit. Hagerty values are TOTALLY OVER COOKED.......I recently sold my 1989 Turbo Cab to a dealer........That dealer is now trying to sell it on ebay and the price keeps dropping....with no bidders......A Beautiful 1989 Speedster was offered to me for less than the price I sold my Turbo for. Speedster has a "so called" higher value than a same year turbo.....Same mileage....same color..... The real market is what people are willing to pay...not what Hagerty tells everyone........ and not what the asking price is......

GTgears

Those 2 anecdotes mean nothing. Just two data points of thousands and thousands of them. Dealer aimed high and overshot. Ok. Maybe speedster owner doesn't know the market. Or maybe you were offered buddy price. All kinds of reasons for your experience.

Werks 1

Just giving you real time market conditions......Both were respectable Porsche dealers of both new and collector versions! I am happy with my decision.......