The 2006 Value Spikes?

[buckeyecharger]

I have owned a 1969 charger since 98 when I was in college. Since then I had moved, taken different jobs, etc. And the charger was always stored in the parent's garage. I got back into the hobby a little over a year ago. Here's my question, what is this 2006 value increase that everyone mentions? Was the 1969 charger priced out of this world? What caused it. 

[elanmars]

too many people watching barrett jackson? too much borrowing of credit? i don't know. but back then i had to settle on a '73 Charger, because a solid running one was much less than a '68-70 rusty project. i thought i'd never be able to own one at the way the prices were for a while but i was finally able to get one. to then sell and get another one (that got destroyed in a wreck, bah).

[71bee]

I find it absolutely amazing how the prices on certain muscle cars have both spiked to unattainable levels, & then dropped to more realistic levels over the past 15+ years. 

[maxwellwedge]

Supply and Demand.

These things are on 40+ year back-order.

Once the US economy gets to the point where most are feeling happy again the prices will surge higher again. Seen this cycle 4 times in my life.

A great/rare car will always find a buyer at a high price anytime.

[XS29L9Bxxxxxx]

Supply and Demand.

These things are on 40+ year back-order.

Once the US economy gets to the point where most are feeling happy again the prices will surge higher again. Seen this cycle 4 times in my life.

A great/rare car will always find a buyer at a high price anytime.

I agree - but also disagree... Allow me to explain:

Yes, there are a finite number of Dodge Chargers (or whatever the old car may be) available. Prices for good ones will always be more than rough ones...

However, the prices in the early 2000's through 2008 were insanely out of proportion due to the housing boom playing its role in "free money" by those who re-fied, or cashed out of their homes, driving all material items up in value - including housing...

Once the credit crunch came, party over... 

How many folks really can afford a $30,000 basket case - or would?

It is my opinion that without the "free money" and cash-out dollars artificially inflating the market (and driving the demand against supply), prices dropped to the more realistic level they are today - right back to Y2K prices 

Again, just my opinion 

[Vainglory, Esq.]

Supply and Demand.

These things are on 40+ year back-order.

Once the US economy gets to the point where most are feeling happy again the prices will surge higher again. Seen this cycle 4 times in my life.

A great/rare car will always find a buyer at a high price anytime.

I agree - but also disagree... Allow me to explain:

Yes, there are a finite number of Dodge Chargers (or whatever the old car may be) available. Prices for good ones will always be more than rough ones...

However, the prices in the early 2000's through 2008 were insanely out of proportion due to the housing boom playing its role in "free money" by those who re-fied, or cashed out of their homes, driving all material items up in value - including housing...

Once the credit crunch came, party over... 

How many folks really can afford a $30,000 basket case - or would?

It is my opinion that without the "free money" and cash-out dollars artificially inflating the market (and driving the demand against supply), prices dropped to the more realistic level they are today - right back to Y2K prices 

Again, just my opinion 

I think you're on to a fundamental economic truth here.  It's not just applicable to our cars, but the economy writ large.

[greasyspider]

Supply and Demand.

These things are on 40+ year back-order.

Once the US economy gets to the point where most are feeling happy again the prices will surge higher again. Seen this cycle 4 times in my life.

A great/rare car will always find a buyer at a high price anytime.

I agree - but also disagree... Allow me to explain:

Yes, there are a finite number of Dodge Chargers (or whatever the old car may be) available. Prices for good ones will always be more than rough ones...

However, the prices in the early 2000's through 2008 were insanely out of proportion due to the housing boom playing its role in "free money" by those who re-fied, or cashed out of their homes, driving all material items up in value - including housing...

Once the credit crunch came, party over... 

How many folks really can afford a $30,000 basket case - or would?

It is my opinion that without the "free money" and cash-out dollars artificially inflating the market (and driving the demand against supply), prices dropped to the more realistic level they are today - right back to Y2K prices 

Again, just my opinion 

Same thing is about to happen on a Macro scale to banks and Governments.  They are trying to print there way out of it.   :bad idea:

[tpetty]

Yeah,
Glad I didn't spend 2 million on a Hemi Cuda a few years ago.  Those sure aren't worth anywhere near that now.  (Not that I could even if I wanted one, but you get the idea.....)

[daveco]

I wonder if the fact that you can once again get brand spankin new, genuinely high horse power V8 engined "Muscle Cars" had some effect.

[Mike DC]

 
There was a periodic spike in values for the rare VIN # cars.  There was a housing bubble flushing too much cash into the system for everyone else.  And while all this was going on, Barrett-Jackson was showing cherry-picked high auctions on TV and leading everyone to believe that those huge numbers weren't crazy. 

[RallyeMike]

Prices will go up and own, but I doubt that prices garnered at the spike before the crash will be seen again (adjusted for inflation). Sorry for folks that bought at the peak or thought that they would retire on their sale, but this hobby would die if it wasn't somewhat affordable.