Will millenials ruin car value - Page 2 - Vintage Mustang Forums
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post #16 of 96 (permalink) Old 09-11-2019, 10:30 PM Thread Starter
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Will millennials ruin car value

I agree the value of the dollar will rise which will make it seem the value of the car will go up. I do feel the value of the fastback has started to slope down a little...When watching sites like bringatrailer.com I cannot believe what some of these cars are bringing now. Examples: the datsun 240z I remember when you couldn't give those cars away, or the starion conquest, demanding in the teens..Are you kidding me? ..I did speak to some of the guys at national parts depot and they even admitted that sales were declining on the classic stang parts...Its my guess as the cars continuously get more and more unaffordable people will show less interest. Remember the days when you could get a quality paint job for 2k, now you can't even buy the paint and primer for 2k. It seems that these cars will price themselves out for the average person to be able to restore.
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post #17 of 96 (permalink) Old 09-11-2019, 11:06 PM
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I'm doing my part to build in the next generation of Mustangers. I'm including them on little things I do to my car, and rebuilding one with each of them. Hopefully the boys will cruise around with their old man some days. There's a local cruise-in at the Tiger Town Home Depot parking lot every 2nd Saturday of each month, weather permitting, and I take them when I can. There are LOTS of classics, some late model Mustangs, Challengers, Camaros, etc., imports and Jeeps and on and on. When I'm working I sometimes even take my Patrol vehicle over there and let people oooo and aahh over all the technology crammed in it, and I think it's good for them to see the local fuzz likes wheels, too.
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post #18 of 96 (permalink) Old 09-11-2019, 11:11 PM
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** I hate it when this site turns my photos different directions no matter which way I modify or upload them **
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post #19 of 96 (permalink) Old 09-11-2019, 11:16 PM
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I am in the camp that the values will decline significantly starting in about 10 years and then steadily thereafter. I'll be there to gobble up my share....
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post #20 of 96 (permalink) Old 09-11-2019, 11:55 PM
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I’m 36 and have always loved classic cars. My dad worked on cars for fun when I was growing up and he is who got me into appreciating a “real car” as opposed to all the fancy newer electronic crap that both old and young people are buying nowadays.

Fortunately for me, my 8 yr old son is just as interested and appreciates older cars more than all the newer things on the market now. He loves attending car shows/meets with me and is starting to really grow fond of everything I liked growing up. Like me, he has an old soul and I’m hoping he can get a few of his buddies to appreciate “real cars” too! I’m hopeful he will be one of few kids that don’t want a Tesla...

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post #21 of 96 (permalink) Old 09-12-2019, 03:31 AM
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I'm more concerned with being able to buy high quality replacement parts when the time comes to keep my classic running (instead of it turning into a rolling unreliable aftermarket piece of junk) than value itself going up or down. I'm not going to want to pay anything for an unreliable classic and I wouldn't expect other people to either.

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post #22 of 96 (permalink) Old 09-12-2019, 05:27 AM
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When I go to car shows in the UK, there are always mainly classic cars there and a few modern ones mixed in.

And people are always pleased to see the old cars. And what I really like is seeing young people owning and restoring old cars that were made decades before they were born.

I am seeing no lack of interest here. When I buy fuel, it is normally an event. People making nice comments, coming over to have a quick chat. Even the person on the till in the shop asking about it.

But regarding prices, I have no idea. We had a boom here for E-Type Jaguars in the late 1980s. Prices went insane. Then things settled down again. And I think in recent years or decades, they are on the rise again. Classic cars are like buying shares ( stocks ) and they go up and down all the time.
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post #23 of 96 (permalink) Old 09-12-2019, 05:30 AM
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Maybe we can just make our own new parts with our 3-D printers with a photo app on our mini tablets and home-brew our fuel until we find a suitable hydrogen fuel cell or an electric motor that also simulates the sounds of a solid-lifter V8.
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post #24 of 96 (permalink) Old 09-12-2019, 08:12 AM
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My take is that each generation has a car that hits in their childhood and they modify in their teens/early 20s. Then when that generation gets older and has extra cash, they want to relive their dream car. Each decade of cars has had their heyday and waned. I point to the venerable shoebox Chevies 55-57, 10-15 years ago, they skyrocketted but as their generation is drifts into oblivion, interest in those cars is waning and prices are dropping. Mustangs are going to eventually go the way of the venerable 57 Chevy...

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post #25 of 96 (permalink) Old 09-12-2019, 08:21 AM
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^^^ Bingo. People look to relive their youth. 99% of kids born after 2000 have no memories made with vintage Mustangs.
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post #26 of 96 (permalink) Old 09-12-2019, 09:06 AM
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Originally Posted by Jgroce1985 View Post
I'm 34 but I have been blessed with good business choices so I have been able to own multiple classic and a few supercars. I must say it is nice being able to drive in rain, snow, hot, cold, but once the newness wears off there's nothing like a classic..Just the rawness and feeling of the road. I live in Greensboro NC and I will say this when going to the big cars and coffee or other shows it's always the millennials around the imports or what we consider foreign cars. The porsches, lambos, ferraris etc...yes we always have muscle cars but people just pass by them without much attention from what I'm seeing...
I think you misunderstand what is happening in this scenario. These kids are gathering around imports and more modern cars because that is what they can actually buy....you can't(easily) finance a classic car of your choice. So these kids start with something newer...but you will see that as they age they will work their way toward older cars....or at least the ones who actually are car guys instead of it just being an accesory. Its the same reason that I completely ignore Lamborghinis and Ferraris at car shows(unless they happen to be classic versions)...why bother to look at something you will never be able to afford? People seem to want classic mustang value to go up forever....but that is not healthy for the hobby at all...pricing it out of reach of the next generation
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post #27 of 96 (permalink) Old 09-12-2019, 09:32 AM
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These kids are gathering around imports and more modern cars because that is what they can actually buy....
I believe you are wrong. Most car people are drawn to cars they remember from their youth. The cars that gets most interest change slowly with the generations. That's not really something new.
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post #28 of 96 (permalink) Old 09-12-2019, 09:59 AM
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Its the phone you are taking it with...for my phone the shutter button MUST be on the right or it loads upside down.
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post #29 of 96 (permalink) Old 09-12-2019, 10:05 AM
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I believe you are wrong. Most car people are drawn to cars they remember from their youth. The cars that gets most interest change slowly with the generations. That's not really something new.
If that were true I would be driving an early 80s f150...no. In my experience car guys work their way towards vintage cars....my first car was an 88 Escort GT(2nd was a 67 mustang coupe I drove into the ground). The first car I did any real work to was a 98 Dodge Neon...and that was the newest it got for me...from that point I started working my way back in time. How far back someone goes is dependent on personal preference, but from a car guy perspective there is nothing cooler than vintage steel, whether its domestic or import, stock or modified. The definition of vintage may well move forward though
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post #30 of 96 (permalink) Old 09-12-2019, 10:56 AM
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I think whatever Fast and Furious is driving is going to be the thing for the current generation. That's pretty popular, so those are going to be the cars that they want in 10-20 years.
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