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next generation won't be interested


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#1 MFM

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Posted 17 September 2020 - 07:28 PM

I had a discussion today with a 53 year old person whom was thinking of purchasing a Charger as he owned one in his youth as like a lot of us he wanted to jump into the classic car marketplace in his twilight years and purchase one but in my opinion he is not what I wouldn't call a 'car guy' (in the true sense).

He has been anguishing over the usual car sales adverts (Just Cars etc) showing Chargers in the 40-60k price range and he asked me a very standard question today which I had difficulty in responding. He was presented with the age old question that we have all been asked and that is that the next generation will NOT be interested in our cars as they didn't grown up with them (and therefore they won't appreciate in value). My response was that the late 60's and 70's was a unique era of muscle car manufacturing (internationally) and that comparatively (to the 50' and early 60's) we will never see this era ever again. Does anyone else have a better response to this ?



#2 hanra

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Posted 17 September 2020 - 08:05 PM

I didn’t grow up with Cooper S’s and SL/R 5000’s but I’ve somehow got one or each stashed away in storage.

#3 lx308

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Posted 17 September 2020 - 08:18 PM

Not so sure.
There's plenty of people in their 50's not interested in cars from the 70's or later, in fact not interested in cars at all.
Look at Heath, building a killer hatch, how old? Mid 20's?
I feel there's always going to be some people interested in cars of all era's.

#4 73SUNBURSTEXYOUWON

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Posted 17 September 2020 - 08:25 PM

🤔, I'm about the same age as the person you mention in your #1 post.

My Son is 16....his dream car is an R32 GTR Skyline. So he has passion for a slice of Jap Muscle, with Bathurst type links.

As for weather or not, our era of muscle car or even classics, will appeal to later generation children, at current values remains to be seen.

Ive seen kids at carshows, as young as 5, that know what a Torana is, with excitement....so there is passion there.

I guess, there will be future generations, that will and wont want our era of cars.
Of which those cars could turn into barnfinds all over again, as cars sit in once loved sheds, waiting for the right future generation buyer to come along once again.

Maybe the cycle of us doing up our cars now, at the current value, could fluctuate to a lesser value in time, to the point the cycle would repeat as history repeats for future generations.

If and when, electric vehicles dominate the highways,we will be long gone.

Petrol will be fought over, LIKE in Mad Max, and life as we know it now, will be one big futuristic smash up derby.

Cheers

Jaso.😎

#5 yel327

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Posted 17 September 2020 - 08:52 PM

There will probably always be interest in proper factory Muscle as there were so few made in Australia, really only the HK-HG manual 81837’s and the GT-HO’s. Plus by association and that they are essentially uniquely Australian factory racers the XU1’s and E38/E49. My guess is these will always be the premium cars that will be wanted. It is the lower spec cars (GTS, GTR etc) that are the ones that may possibly be over capitalised at the moment. To me $100k for a 6cyl GTS or a GTR is madness.
Due to such low build numbers the homologation cars like L34 optioned SLR5000, XA RPO83 and LX A9X will probably always hold value, with lesser examples like smaller engine examples probably losing long term interest.
Due to the factory race car thing the 4 x GroupA Holdens will probably always be popular, but I can’t envisage most of the other stuff that is way overpriced like VL’s or VN SS being highly sought after in subsequent generations.
But as they say, opinions are like @holes. If any of us knew even 8-10 years ago the stupid money that would be paid today for cars like GTR or VN SS or rusted out crap we’d have bought a few good ones and stored them even if we had to pay for storage. Who would have thought in 2005-6 that a VP SS would be a $25k car in 2020? To me they were a $1000 donor car, a good low kM one donated its engine bay for my Overlander back then and the bulk of the car went to scrap.

Edited by yel327, 17 September 2020 - 08:53 PM.


#6 Shiney005

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Posted 18 September 2020 - 12:16 AM

If he sells his Charger for 20-40K in 20 years time he will have got his money's worth.



#7 V-SLR5000-P

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Posted 18 September 2020 - 08:59 AM

The factors generating interest in any particular model or genre of car are more varied and complex than simply having grown up with them. If you followed that logic to its conclusion there would be absolutely no demand for cars pre WW2 and this is of course not true. There is such demand for some cars that they are being reproduced in volume (say A model to 1934 Ford) whilst others are tool room copies (Pur Sang Bugatti and Alfa) The greater the virtues and racing success of a vehicle the more likely that future generations will want to share the ownership experience. My 30 year old son has built an XL Falcon ute, a 1965 Mustang and a 1954 Harley Davidson all of which are well older than he is. Buy and enjoy your Charger, Torana, Monaro etc, l think your money is safe.



#8 Zook

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Posted 18 September 2020 - 07:52 PM

It's probably up to us to foster the interest of old cars in our kids. Any cars in fact. I'm doing my bit and helping my 15yo get into some cool stuff by paying half of the purchase price. So far he's had an XD Wagon which he upsold to get into his 6 wheel LS1 powered one tonner. It's not a race car but neither were any Toranas really. Nonetheless, I think the interest in older cars by the generations coming through behind us will ensure we continue to see them on the roads.

#9 MFM

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Posted 18 September 2020 - 09:04 PM

The prices being asked for the 'Bathurst cars' today is becoming out of reach for all but the cashed up boomers. If you are an average wage earner 100K plus is a good whack of your super to blow on an old car Australian muscle car and might get you divorced in the process. If you are buying now as an investment then I think the horse has bolted (5 years ago). I bought mine 2 years ago and had a few sleepless nights anguishing over this decision as I am just an average wage earner approaching forced retirement age (60) . I think the standard garden variety classic cars will always hold their value you just won;t see the huge growth as we've seen with the Bathurst cars, but at least Mr average can afford 30-60k.



#10 Balfizar

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Posted 19 September 2020 - 12:55 PM

I think the clock is ticking, when the world/governments/public turn on petrol/pollution and embrace electric cars it will turn petrol cars into curiosities and eventually priors. At best museum pieces.



#11 UCSLE

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Posted 19 September 2020 - 06:14 PM

how many times have you heard old cars being called a investment ?

To me a investment is something you get rid of once the crap hits the fan . 

 

there's not a lot of people interested now (only investors ) , if the prices start going down there will be almost zero people interested






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