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the BIG question i have is when will the uber/ev/'don't want to own a car' types start having a greater impact on overall prices. every generation of car moves out of public interest at some point - antiques, classics, musclecars, etc. - by the lack of interest from current and potentially upcoming generations. that makes me wonder how quickly the ICE cars will fall out of favor. if it's a quick transition, some of us might get stuck with some really cool 'old' cars that decline in value over a very short period. time will tell.
We can look back on the cool cars of the 40’s and 50’s and see they’re pretty undesirable to most of the current buyers and the price reflects that. I assume the same will be true of muscle cars at some point too. I have no doubt the air cooled Porsche’s will follow that trend but face new technology disruptions and changing appetites of the younger generations.
I am amazed at the lack of passion most young people have for driving. It’s not uncommon for for someone in there 20’s to not have a drivers license. On the surface it’s understandable though. Who would have imaged being able to hale a car on demand with a pocket calculator in my day.
The 993 will face added pressure of gasoline being phased out. How long will that take? Who know but when the changes begin and the writing is on the wall nobody’s gonna want to be “stuck” holding ICE cars. Driving restrictions will begin in between (starting with large cities) in the name of better air quality.
Lastly I am not to freaked out by the prospect of a declining classic car market. I may not get out (1-10 years) on the peak but it will still be worth a good chunk of change. My biggest fear is home values as I near retirement (10-15 years). I don’t see the current generation of buyers having the hunger to make the same sacrifices I did to buy. When the whole of em represents the only pool of buyers the market will have to adjust. Then add in rising interest rates and who knows what equity will remain. That could be a bit hit to retirement plans!
Regardless of wins or losses having the luck to experience one of the greatest pieces of automotive history will be forever.
We can look back on the cool cars of the 40’s and 50’s and see they’re pretty undesirable to most of the current buyers and the price reflects that. I assume the same will be true of muscle cars at some point too. I have no doubt the air cooled Porsche’s will follow that trend but face new technology disruptions and changing appetites of the younger generations.
I am amazed at the lack of passion most young people have for driving. It’s not uncommon for for someone in there 20’s to not have a drivers license. On the surface it’s understandable though. Who would have imaged being able to hale a car on demand with a pocket calculator in my day.
The 993 will face added pressure of gasoline being phased out. How long will that take? Who know but when the changes begin and the writing is on the wall nobody’s gonna want to be “stuck” holding ICE cars. Driving restrictions will begin in between (starting with large cities) in the name of better air quality.
Lastly I am not to freaked out by the prospect of a declining classic car market. I may not get out (1-10 years) on the peak but it will still be worth a good chunk of change. My biggest fear is home values as I near retirement (10-15 years). I don’t see the current generation of buyers having the hunger to make the same sacrifices I did to buy. When the whole of em represents the only pool of buyers the market will have to adjust. Then add in rising interest rates and who knows what equity will remain. That could be a bit hit to retirement plans!
Regardless of wins or losses having the luck to experience one of the greatest pieces of automotive history will be forever.
I think your wrong. The Millennial generation is the largest generation since the boomers and the generation after them are just as big. Millennials are reaching the age of making good money and are starting to make large purchases. They won't be buying classics because the strict emissions states like CA. That I agree with. From what I see at Cars and Coffee Millennials are interested.
I think your wrong. The Millennial generation is the largest generation since the boomers and the generation after them are just as big. Millennials are reaching the age of making good money and are starting to make large purchases. They won't be buying classics because the strict emissions states like CA. That I agree with. From what I see at Cars and Coffee Millennials are interested.
I agree with your statement as well. They love the visceral feel of the Air Cooled 911s. Cult like following has been for many many many years! Hell, 70% of all Classic Porsche cars are still on the road today! Looking at You Tube, Instagram and Facebook the younger generations love the Air Cooled P-Cars! I think the Web has fueled the craze and will continue to for many years to come.
My 13yr old girl and 11yr old son are pumped that I'll let them drive my 993. Teach them how to drive manual on my truck then behind the whee in the 993! Grooming the next gen air cooled enthusiasts! ??
But, so far in looney CA, driving and passing smog had been a piece of cake (albeit how much is cost to smog but that's another story).
My post was removed because it was some how political in reference to the potential of a coming recession so I'll adjust it.
I don't believe its political at all ...
Don't bank on a recession until at least 2021 and even then there is no guarantee. Remember economists have predicted 7 out of the last 3 recessions.
Fortunately economics is not an exact science.
The market for a lot of these sorts of cars is falling. Seriously when forums like this and others that are dedicated to different cars started filling with people talking about cars as an asset class, the writing was on the wall. Given my screen name and background with these cars, the markets in these cars and of course 20 plus years as an institutional trader, I get questions about the capital markets and the car markets all the time.
Reminds me of the dot com bomb. I was still a floor trader in those days, when my father who was still a practicing physician back then would tell me about all the doctors sitting around day trading and saying they are making more than they did practicing medicine you knew it was about to get ugly. Of course they all went back to practicing medicine.
My 21 year old son reached out to me for a class mate regarding purchasing an older 930 slope nose clone for restoration. He had just completed a masterful BMW 2002 turbo clone and was looking for the Air-cooled experience. I am seeing more and more of this from teens & twenties. Gives me hope for the future of these cars.
Not sure how I missed this. That is stunning. The wheels, tail from the 94 turbo and turbo S work so nicely. IIRC these also received the last of the 94 turbo 3.6 engines with single turbo. Must make for an interesting driving experience.
Re post 1303:
That Trail 70 is the posterboy for all its breed! Wow! I had one a bazillion years ago for kicks, sold it for a song, but see them on occasion still in pedestrian shape. Yours, sir, is off the hook cool. Those triple clamps and inverted forks is a show stopper in its own right. Engine still a "70"?
Back to the topic:
I've anecdotally noticed not a "dip" in values but a steady decline in asking prices over the past, say, two years: consistent over the market that I've noticed, and barring the low-mile stunner the market has clearly "corrected" after the big hey-day when our 993 commanded unseemly dollars! I feel bad for those who "had" to sell at the high point, but if one is hankering to get back into the aircooled world, at least it's not crazy anymore.
Re post 1303:
That Trail 70 is the posterboy for all its breed! Wow! I had one a bazillion years ago for kicks, sold it for a song, but see them on occasion still in pedestrian shape. Yours, sir, is off the hook cool. Those triple clamps and inverted forks is a show stopper in its own right. Engine still a "70"?
Back to the topic:
I've anecdotally noticed not a "dip" in values but a steady decline in asking prices over the past, say, two years: consistent over the market that I've noticed, and barring the low-mile stunner the market has clearly "corrected" after the big hey-day when our 993 commanded unseemly dollars! I feel bad for those who "had" to sell at the high point, but if one is hankering to get back into the aircooled world, at least it's not crazy anymore.
10-18-2019, 11:37 AM
