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The Pub For General Automotive Related Talk |
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#1 | ||
FF.Com.Au Hardcore
Join Date: Dec 2007
Location: Ballarat
Posts: 2,123
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3 months ago i expected prices to really fall hard but it seems like people are prepared to just leave their overpriced cars up for sale forever and just hope for a sucker to come along. Ive also seen 2 instances (68 chevelle and 69 superbee) where they've increased prices after getting no good offers (i talked to both, chevelle went up 45k and superbee went up 25k). Chevelle still hasnt sold (and never will) and superbee has ended up at auction with the same 100k+ reserve thats going to be near impossible to hit.
Whats actually going on right now with classics and muscle? The auction prices are down, but private sales are still crazy. Shouldnt auctions dictate private sales? |
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#2 | ||
FF.Com.Au Hardcore
Join Date: Dec 2007
Location: Ballarat
Posts: 2,123
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I didnt follow the latest shannons auction super close except for 1 car, a 68 charger.
Fully restored, really nice job. Sold for 105k. Closest thing to it privately is up for 170k. 70 challenger at 782motors the other week sold for about 105k aswell. Fully built beautiful example, pretty sure it was a hemi aswell. Similar private sales 150k+. I really dont get it |
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#3 | ||
Sick Puppy
Join Date: Jul 2006
Posts: 1,963
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People drunk the kool aid.
Got sucked in and wrapped up with it all and paid stupid prices. Now life's expensive and there's no money around. Toys have crashed and burnt. Even motorbikes have not jumped up in value like they normally do this time of year when good riding weather is kicking off. People are trying to keep the market high so they don't have to admit they have just ripped up $30k when they move the toy on. My brother saw the writing on the wall and moved his XD on for low $40s literally a month before the rug got pulled out from under them. Same car is a $25k car now. |
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#4 | ||
FF.Com.Au Hardcore
Join Date: Sep 2010
Location: Melbourne
Posts: 935
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Many people believe a peak value of a car is what they’re worth - eg people still call XY P3’s $1m cars.
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#5 | ||
Donating Member
![]() Join Date: Jun 2007
Location: Checking out soft furnishings....
Posts: 8,684
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The right cars are still fetching big money. If you have something someone wants, they will pay.
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Proud owner of the ugliest Ford ever made |
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#6 | |||
FF.Com.Au Hardcore
Join Date: Nov 2006
Posts: 3,248
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Quote:
XB GT’s are almost XA GT money these days also and who would have thought you’d ever see that. Watch an XC Cobra come up for sale and see how long it lasts and you’ll be paying north of 200 k for a 351 example these days. Plastic 5.4 GT’s have come down a fair bit but they aren’t exactly rare and we’re probably a tad inflated anyway imho but your still paying good money for SC 5.0 version with reasonable k’s. Rare collectable cars will always be worth money.
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The only thing you get from looking backwards is a sore neck. |
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#7 | |||
FF.Com.Au Hardcore
Join Date: Dec 2007
Location: Ballarat
Posts: 2,123
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Quote:
People make weird connections to this. They think that a really bad shell of an xy 6cyl falcon 500 MUST be worth 20k because its the same thing in their mind. Probably the most frustrating thing you always see with aussie muscle is the genius that blows apart a good car over a weekend, strips the paint off it with a grinder, then puts it outside for a year and loses/sells/breaks all the hard to get parts. Then they reckon theyve done you a favour by doing "most of the hard work". "Just needs floors" etc. And the good old "too many projects, dont have time" when its obvious they ran out of talent and cant work out how to put it back together. Really makes me angry that. Dont start it unless youve got the skills, time and space. And especially dont waste everyones time asking for anywhere near what you paid for it complete. Further to that you cant "buy everything real cheap through rare spares". I got into a big argument with a fella with a project ranchero as it was missing its front nose chrome. You cant get it anywhere. He started to get snakey and arguing about it so i said if you send me a link and its available ill buy the car for asking price. Then he blocked me. This mainly only happens to aussie cars thankfully. Last edited by Jack91; 17-09-2023 at 10:40 AM. |
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#8 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,061
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We are at or near the peak.
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Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#9 | ||
FF.Com.Au Hardcore
Join Date: Jan 2010
Posts: 11,277
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There’s still buyers out there but getting that one buyer who will accept close to the asking price might take a while
I had my fill of V8 Falcons back in the early 1980s, I don’t need to relive them by paying a huge premium today. Last edited by jpd80; 17-09-2023 at 11:20 AM. |
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#10 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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Prices for most things have cooled of pretty heavily from what I see. It got stupid during covid so things are levelling out.
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#11 | |||
FF.Com.Au Hardcore
Join Date: Dec 2007
Location: Ballarat
Posts: 2,123
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Quote:
I had to ring seven82 today as the challenger i was interested in reappeared in next months auction, even though i watched it sell a couple of weeks ago clear of reserve. He told me the number and its totally ridiculous. Might as well have been a million. Last edited by Jack91; 25-09-2023 at 06:42 PM. |
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#12 | ||
Thailand Specials
Join Date: Aug 2009
Location: Centrefold Lounge
Posts: 49,028
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Economy is starting to bite on luxury purchases, though things actually used for work like single cab diesel work utes, rigid trucks and prime movers are still absolute drug money.
$12,000 is the new $5000 ****box ute of three years ago. |
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#13 | ||
Oppressive patriarch
![]() Join Date: Aug 2016
Location: Brisbane
Posts: 733
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Mate of mine is contemplating changing cars. His current ride - a conventional hatchback - is suffering with quasi commercial use.
So i said to him basically what you wrote above, Franco. Didnt believe it until he looked for himself. And double that again for low mileage. ![]() Two dollar petrol appears to be eroding demand for six pot vehicles. Cars arent selling as quickly, and the sellers arent desperate enough yet, to drop pricing.
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. Lamenting lost Australian manufacturing. Last edited by anobserver; 25-09-2023 at 08:44 PM. Reason: Afterthought |
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#14 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,900
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Quote:
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2022 RAM Laramie 5.7 2023.50 Ranger Wildtrak 3.0 V6 Premium Pack 2024 Everest Sport 3.0 V6 Touring Pack 2024.50 Mustang Darkhorse 6M Blue Ember + Appearance pack ETA Jan 25. |
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#15 | ||
Mopar! But Own F6's..
Join Date: Dec 2005
Location: F6DELAIDE
Posts: 3,195
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Wow that's cheap as. Do you have a link to the car?
Iv got my FG2 GT insured for 85K lol
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F6 TYPHOON FPV 335 GT |
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#16 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,900
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Quote:
For a manual it was cheap. Only thing wrong with it was it had a towbar (not everyones cup of tea and not cheap to fix). 90k plus 7.5% = $96,750. None of the ones on carsales are selling and those that disappear its hard to know if they have actually sold or just been withdrawn for sale. This auction one is a good indication of how slow the market currently is.
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2022 RAM Laramie 5.7 2023.50 Ranger Wildtrak 3.0 V6 Premium Pack 2024 Everest Sport 3.0 V6 Touring Pack 2024.50 Mustang Darkhorse 6M Blue Ember + Appearance pack ETA Jan 25. |
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#17 | |||
FF.Com.Au Hardcore
Join Date: Nov 2006
Posts: 3,248
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Quote:
I have seen 3-4 sell in the last 6 weeks for north of 150k, how long that will last only time will tell but with another interest rate rise looming, it might get a little easier for anyone hoping to acquire one…
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The only thing you get from looking backwards is a sore neck. Last edited by Rob 351; 27-09-2023 at 01:52 PM. |
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#18 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 22,900
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Quote:
Do you know if they have actually sold though or just basing that on them disapearing off carsales? Given that these cars were all around the 90 - 100k mark, and are coming up for 10 years next birthday, with interests on original purchase (assuming you weren't a cash buyer) plus 10 years of rego / insurance they really have not been that great of an investment, pretty much break even. I personally would rather drive mine (like my Pursuit back in the day) and would be open to buying one with 60 - 100k on it for the simple fact that its moved.
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2022 RAM Laramie 5.7 2023.50 Ranger Wildtrak 3.0 V6 Premium Pack 2024 Everest Sport 3.0 V6 Touring Pack 2024.50 Mustang Darkhorse 6M Blue Ember + Appearance pack ETA Jan 25. |
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#19 | ||
Virtuous Bogan (TM)
![]() Join Date: Jan 2005
Location: TAS
Posts: 27,559
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Carsales is a bit of a crock, would be nice if there was data somewhere on advertised vs sale price, bit like you can most of the time with realestate. Obviously, the volumes of data is different but it would be interesting.
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#20 | |||
FF.Com.Au Hardcore
Join Date: Nov 2006
Posts: 3,248
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Quote:
Can’t be sure though..
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The only thing you get from looking backwards is a sore neck. |
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#21 | ||
FF.Com.Au Hardcore
Join Date: Dec 2007
Location: Ballarat
Posts: 2,123
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![]() I offered this fella wayyyyy more than this for this car 2 weeks ago. He had it on marketplace for 100+. Told him cash, ill come down and get it today if its as described. "Too low" blah blah blah. Its so hard not to message him now. I think im going to wait and let some of these non sales sink in to the owners for a while. |
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#22 | ||
DIY Tragic
Join Date: Apr 2018
Location: Sydney, more than not. I hate it.
Posts: 21,851
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What if he’s just trying to prove to his Mrs that it’s better to keep the car than sell it? “See? Nobody’s offering what it’s worth!”
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#23 | ||
FF.Com.Au Hardcore
Join Date: Sep 2010
Location: Melbourne
Posts: 935
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A few weeks ago I managed to buy a GT R-Spec for $78k with 33,000kms black with red stripes/wheels/spoiler combo. Very happy with that as it was advertised 20% more than what I paid but have been watching them on Carsales not move for a couple of years now which helped with bargaining.
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#24 | |||
Regular Member
Join Date: Nov 2020
Location: Maryborough VIC Votes for: Coalition
Posts: 450
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Quote:
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1996 XH Falcon GLi manual - Dynamic White 1998 EL Falcon Futura auto - Dynamic White 2023 SKODA Octavia RS - Moon White 1997 BMW E36 318i manual - Alpine White |
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#25 | |||
Regular Member
Join Date: Nov 2020
Location: Maryborough VIC Votes for: Coalition
Posts: 450
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Quote:
Still spewing about the $3500 manual EF XR8 in Heritage Green that I passed up in 2015. Because why would I waste my money on cars that were only going to depreciate. I love you Mum but that's the worst advice I've ever been given!
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1996 XH Falcon GLi manual - Dynamic White 1998 EL Falcon Futura auto - Dynamic White 2023 SKODA Octavia RS - Moon White 1997 BMW E36 318i manual - Alpine White |
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#26 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,061
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Two Landau's on Carsales been there for months!
__________________
Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#27 | ||
FF.Com.Au Hardcore
Join Date: Dec 2007
Location: Ballarat
Posts: 2,123
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Yeah because the prices are high and theyre super niche.
Just ask the owners how special they are though. Landau owners LOVE to explain. Youd be nuts to not buy a torino, olds 442 or gto if thats the style you wanted. Youd have a tonne of change too! |
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#28 | ||
Ford screwed the Falcon
Join Date: Sep 2013
Posts: 7,061
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I'd rather buy a 1973 or earlier Lincoln Continental coupe with the 460ci.
__________________
Falcon: 1960 - 2016 My cars Current ride 2016 FG X XR6 - 6 speed manual Previous rides 2009 FG XR6 - 6 speed auto 2006 BF MkII XT ESP - 6 speed auto 2003 BA XT V8 - 5 speed manual 1999 AU Forte - 5 speed manual 1997 EL Fairmont - 4 speed auto 1990 EAII Fairmont Ghia - 4 speed auto |
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#29 | |||
FF.Com.Au Hardcore
Join Date: Dec 2007
Location: Ballarat
Posts: 2,123
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Quote:
A v8 falcon will give you way more enjoyment than another mortgage to stress about. Plus, cars are liquid, easy to get out of if you need to. Usually dont lose either if youre not silly at both ends |
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#30 | |||
Regular Member
Join Date: Nov 2020
Location: Maryborough VIC Votes for: Coalition
Posts: 450
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Quote:
Now time to find an EF XR8 manual just like the one I passed up ![]()
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1996 XH Falcon GLi manual - Dynamic White 1998 EL Falcon Futura auto - Dynamic White 2023 SKODA Octavia RS - Moon White 1997 BMW E36 318i manual - Alpine White |
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