Avanti Values?

[mfg]

1 hour ago, aardvark said:

I can see that from a Buyers point of view... and agree it's like a good thing. 

For me.. ALL Collectibles are still surging and it suits me that what I've bought (4 differing Sports cars) have escalated to 2X the value that I spent. So the Avanti's haven't surged to (say) the value of a Camaro or Stang, That's good since the entry level is still available.

But to me, the Avanti's are on the rise.

I like the idea that a younger person with some mechanical talent but perhaps not a whole lot of $$$, can pick up a running but ‘worn’ Studebaker Avanti for $4,000–$8,000.

Whereas a well worn 1962 Corvette, similar to the one which I purchased for next to nothing when I was a ‘kid’, now will bring $30,000 and up… Out of sight for many guys starting a new family.

[aardvark]

Good point but I doubt the Youngers even know what an Avanti is.    They will more likely look at an old Chev / Chrysler / Ford and more likely than those, some Jap 4 to 6 popper.

At least that's what I'm seeing at the Car Shows. 

[mfg]

56 minutes ago, aardvark said:

Good point but I doubt the Youngers even know what an Avanti is.    They will more likely look at an old Chev / Chrysler / Ford and more likely than those, some Jap 4 to 6 popper.

At least that's what I'm seeing at the Car Shows. 

Hmmm! this is true… people that remember and understand (and care!) what an Avanti is are unfortunately a shrinking group.

[aardvark]

Shifting group for sure.

[Stacey]

Can not even count the amount of IS THAT A KIT CAR? What is it???questions over the years. The older folks, seem to know but anyone younger have no clue. 

[Mark L]

I'm sure someone will correct me if I'm wrong: I believe Hagerty's values are based on what their database shows as what they and their customers are currently stating as the agreed value of the vehicles, not necessarily what the vehicles will sell for. From that prerspective, Hagerty's values may be inflated.  On the other hand, any value ascribed by bring-a-trailer is an an average of the selling price of recently sold examples.

[64StudebakerAvanti]

Hagerty claims their values are based on sales data and automotive expertise. 70% of the sales data is peer to peer, 20% from auctions and 10% from dealers.

 

Like any guide, it is a starting point.  

 

Another source is

Collector Car Market Review. Their values are generally lower, but their #1 condition is roughly the same as Hagerty's #2.

 

 

[aardvark]

I was curious about that. Thanks for the info.

 

[Footer]

My brother-in-law had Memory Lane Motors in the Seattle area for 20 years. People who had spent a lot of money restoring their car and decided to sell would bring them in to see about selling on consignment. With parts, paint, tires and wheels, new upholstery, etc, it was very easy to have more in their car than the market would support. 
I didn’t buy my car with investment in mind, I just wanted one, and when it comes times to sell I’ll get what I can.  Mike

[Gunslinger]

41 minutes ago, Footer said:

My brother-in-law had Memory Lane Motors in the Seattle area for 20 years. People who had spent a lot of money restoring their car and decided to sell would bring them in to see about selling on consignment. With parts, paint, tires and wheels, new upholstery, etc, it was very easy to have more in their car than the market would support. 
I didn’t buy my car with investment in mind, I just wanted one, and when it comes times to sell I’ll get what I can.  Mike

 

That's as realistic an attitude a one could have.  

[aardvark]

It's good if You have the free cash to do so.

[Stacey]

I didn’t buy my car with investment in mind, I just wanted one, and when it comes times to sell I’ll get what I can.  Mike

Exactly, these cars to me was not an investment vehicle, but something my wife and I wanted. When the time comes to sell it off, we will end up with whatever the buyer is willing to spend. I can say well it is worth SO MUCH, but unless the buyer comes up with that amount , it isn't worth that.  It will be worth what the buyer and I agree to.

[aardvark]

I know this is going to possible\y offend or disturb some, but it's where I have to be.

There's an old saying...."The profits are made at the time of purchase!"

So to not be aware of the end game market price, and knowing if or if not the Market on the Vehicle will increase is a major loss to many folks .  ...                               I can't (won't) buy without a significant built in profit. I see too many people buying just because it's their dream car.  That attitude can be very costly in the end game. If You can afford funding losses, Enjoy! (Would You do this with Your stock investments?)

I have to approach any ''Hobby'' as a ''Business Venture''. No matter how much I LOVE the Hobby, if it doesn't show a profit, I personally can't afford to participate. This means, that I also won't restore or Retro a vehicle unless the calculated end game makes a profit (labor included)... I'm just not in the Financial Class to afford to make big mistakes.  I'm glad many of You have expendable cash to play with, but that's not  the hand of cards that I was dealt.

Edited 13 hours ago by aardvark

[mfg]

11 hours ago, aardvark said:

I know this is going to possible\y offend or disturb some, but it's where I have to be.

There's an old saying...."The profits are made at the time of purchase!"

So to not be aware of the end game market price, and knowing if or if not the Market on the Vehicle will increase is a major loss to many folks .  ...                               I can't (won't) buy without a significant built in profit. I see too many people buying just because it's their dream car.  That attitude can be very costly in the end game. If You can afford funding losses, Enjoy! (Would You do this with Your stock investments?)

I have to approach any ''Hobby'' as a ''Business Venture''. No matter how much I LOVE the Hobby, if it doesn't show a profit, I personally can't afford to participate. This means, that I also won't restore or Retro a vehicle unless the calculated end game makes a profit (labor included)... I'm just not in the Financial Class to afford to make big mistakes.  I'm glad many of You have expendable cash to play with, but that's not  the hand of cards that I was dealt.

I understand your strategy, however no one can be sure if a collector car’s value will increase or decrease over a specific time period… and as I mentioned earlier, sale prices on many collector type vehicles seem (to me) to have held steady or somewhat decreased.

[mfg]

5 minutes ago, mfg said:

I understand your strategy, however no one can be sure if a collector car’s value will increase or decrease over a specific time period… and as I mentioned earlier, sale prices on many collector type vehicles seem (to me) to have held steady or somewhat decreased.

I will also add that (in my opinion) the condition and history of the specific car being sold means much more than a broad 1-5 valuation system…. 
A condition 1-5 evaluation may be practical for modern vehicles, but for a 50+ year old car there are just too many variables.

[aardvark]

MFG. Good points and the stability of the markets is not always predictable.... but research over (say) 10+ years  can show trends.. with market fluctuations.   That said. Your 401K plans are also at risk of the same thing.. (I lost my ass(ets) in 2008). Being I went down the standard investment s... hole in the past, these Vehicles are a far more stable market, 

BUT.. They must be treated as such IF Your going to get ahead in the vehicle game. And it to me is a safer investment.. Like any Investment much research and time must be done to follow trends.  I'm not a Master in that realm but I have watched the Vehicles rise and fall a little,,, but nothing near as bad as the Markets.

I also see better offerings in the Vehicle Markets because YOU set the Purchase prices by buying at (say) 50% or more from what the Market is bringing.. Not true when doing stocks/bonds.  Their prices are set... no fluctuations. No Negotiations. That said, IF You buy well below market value, You should be safe.   

You see. I'm in this to win,,, not just because I love a certain model car. As said... I can't afford to lose ... and so far so good.

This must offend many that I'm not buying for the desire to own a certain model... BUT.. I do get to buy them.... Just under my terms.