by "DucST3-Red-1Liter-Standing-By" (ducst3-red-1liter-standing-by)
Published 06/06/2017 at 17:30
by "DucST3-Red-1Liter-Standing-By" (ducst3-red-1liter-standing-by)
Published 06/06/2017 at 17:30
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STARS: 1
Link to his article on the 996
Never mind his talk on the 996, it was near then of the article that has me wondering what will happen to classic car values in 30 years when electric cars are more commonplace.
Sure, combustion engine cars will be a hobby, but the number of people interested will only decrease as time goes on (depressing thought I know), so I am assuming values will decrease since there will be less people buying them.
But on the other hand, you could argue that since they’re no longer made, values will potentially increase, cough....air cooled 911... cough....
Thoughts oppo??
"Eric @ opposite-lock.com" (theyrerolling)
06/06/2017 at 17:37, STARS: 0
Only really pristine collector examples will retain or gain value (akin to some artwork from the past), with most floating around in museum collections as time goes on. Just look at early cars to see what the future for our daily drivers probably holds.
Also, let’s face it: Average fossil fuel powered used cars will become liabilities. You’ll probably have to pay people to take them at some point as their only value will be in recycling of their raw materials.
"DucST3-Red-1Liter-Standing-By" (ducst3-red-1liter-standing-by)
06/06/2017 at 17:41, STARS: 0
Yeah I agree. But, I’m not really considering our DD’s, but something like 60's muscle, or something we find classic today.
I like the artwork idea though, good analogy
"Saracen" (manualdoucheelitist)
06/06/2017 at 17:46, STARS: 2
He forgot about the later model 996 C4S. Those on average are worth twice as much as a plain-Jane 996 and seem to hold value.
But yes, overall 996's will not really be appreciating for at least a decade or so I’d say. Meanwhile every other pre-991 body is steadily appreciating, including the 997.
"Eric @ opposite-lock.com" (theyrerolling)
06/06/2017 at 18:18, STARS: 1
Older cars will find fewer and fewer people interested in them just as earlier cars did. Most private car collectors focus on cars of their youth due to nostalgia rather than value.
For example, nobody collecting cars today was alive in the 1910s during the heyday of early mass-produced automobiles, so there aren’t many people collecting them anymore. Today even 1940s cars are starting to get pretty rare in anyone’s collection. Children of the 1980s-1990s see grandpa’s 1960s muscle car as something as foreign as the grandpa would have seen his grandpa’s Model T.
If/when we perfect some 3D printing/assembly technology, it might become impossible to discern the genuine article from a flawless reproduction, at which point collecting anything for any reason beyond historical value will probably die out.
"davesaddiction @ opposite-lock.com" (davesaddiction)
06/07/2017 at 10:30, STARS: 0
...including my car.
=)
"davesaddiction @ opposite-lock.com" (davesaddiction)
06/07/2017 at 10:35, STARS: 0
See also: US market E36 M3
There will always be a market for classics. It will rise and fall, but there’s always a desire to own beautiful, well-built things from the past (watches, for example).
"Saracen" (manualdoucheelitist)
06/07/2017 at 14:24, STARS: 1
;-)