Last post on Jan 28, 2011 at 11:39 AM
You are in the Classic Cars
What is this discussion about?
Classic Cars, Coupe, Convertible, Truck, Sedan, Wagon
#96 of 125 Re: Well no, you wouldn't do that... [Mr_Shiftright]
Dec 28, 2007 (8:56 am)
I was a kid in the '70s, and I remember people putting blowers and anything else they could think of on their underperforming V8s. Gas mileage didn't seem to be a concern.
#97 of 125 Re: Well no, you wouldn't do that... [lemmer]
by MrShift@Edmunds HOST
Dec 28, 2007 (9:15 am)
Especially since any American muscle car from the late 1960s looked better and ran faster than anything made anywhere in the world from 1972 up to the GNX I'd guess.
So there were at least 15 "dry years" when nothing new could touch an old Hemi or Big Block car.
That's why they never were out of the collector's eye.
Aug 21, 2008 (7:07 am)
In reviewing the comments of this discussion, there's minimal mention of Japanese cars. We're supposed to be looking forward in this discussion, but we seem to be stuck in the present. Given the rising popularity and market share of Japanese cars in the last few decades, and the fact that collectors are attracted to the cars of their youth, it seems like a no brainer that, as we look forward a decade and a few years beyond, Japanese cars are underrepresented in this discussion.
I have no idea which cars will be in the top tier or even second tier classics categories in 2018, because the air up there is too rarefied for me. Therefore, I'll leave the predictions about the high end classic cars to those of you who are much more knowledgeable about this segment than me. All I know is that these won't be Japanese. However, when it comes to affordable collector and special interest cars, I have little doubt that the Japanese cars of the '70s (the very few that remain), '80s and '90s will be much more prominent at car shows than they are today. I mean, how could they not be?
The Hyundais and Kias of the world will have to wait until 2038, and the '48 classic car shows will be sprinkled with models from Tata, Chery and Brilliance Motors, etc. Chery and Brilliance et all will have luxury divisions to compete with Tata's Jaguar and Land Rover by then, and maybe Toyota, Honda, and Nissan will be the new Detroit 3, struggling to survive against the mighty and creative Chinese brands. Looking further ahead, the Brialliance Century and Roadmaster, and Chery Corvete (new spelling), Impala and Malibu will be the stars of the '58 new car shows, and the Tata Camry will debut in '68.
#99 of 125 Sorry to say, but...
Jan 25, 2011 (8:57 pm)
I think the classic and collector car hobby will shrink in the coming years. Look at the ages of the attendees at the shows. While I have no statistics to support my perception, there seem to be fewer people under 40 that are really passionate about cars than there used to be. The reason, if that's correct, may be that there are too many competing distractions, mainly of the digital kind. Add to this the fact that cars have become much more electronically complex in tha past 20 years, and you have the explanation for my hypothesis. There are increasingly fewer repair and restoration tasks that can be tackled by owners, making it ever more difficult to justify the expenses associated with this hobby.
Is this view realistic or overly pessimistic?
Sorry if this post recycles some of the arguments made when this discussion was introduced, but maybe it'll prompt some new perspectives on where this hobby is headed.
#100 of 125 Re: Sorry to say, but... [hpmctorque]
by MrShift@Edmunds HOST
Jan 26, 2011 (9:26 am)
There is no doubt that the bulk of the collectible car hobby is fueled by an aging population. Younger people have *some* interest in cars, but they are much more into tuning, driving, drifting, customizing....and those forms of car interest tend to wane with age. You don't see too many 40 year olds driving slammed or bagged Japanese imports.
Also, once the aging population starts to die off, their cars will all appear in the marketplace within a decade or so, put there by disinterested family members who have neither the space nor budget to maintain fleets of old cars.
Of course, it has to be said that the creme de la creme of the classic cars--the truly rare classics, will always be treasured.
But I agree, the hobby is going to shrink in the next 20 years or so, and aside from the very top of the heap cars, the prices will probably drop as well.
Added to this, restoration costs are pretty staggering these days, so I think that end of it will also shrink.
#101 of 125 Re: Sorry to say, but... [hpmctorque]
Jan 26, 2011 (10:27 am)
"fewer people under 40 that are really passionate about cars than there used to be.". Agree. The under 40 men are more in tune to "family" activities i.e. their kids Soccer programs. The average under 40 guy's interest is accumulating funds for his kids education if not trying to keep up with his health insurance costs. Spending priorities for the under 40 are not the same as they were for the under 80. The under 80 men worked on their cars because they could. The under 40 is handicaped by not having the electronic and sophysticated tools required to work on today's cars.
#102 of 125 Re: Sorry to say, but... [euphonium]
by MrShift@Edmunds HOST
Jan 26, 2011 (11:00 am)
The car hobby is certainly tied up to the concept of "discretionary income" and given that America in particular seems to be racing towards a huge gap between rich and poor, I suspect that as the middle class shrivels up into oblivion, along with the inevitable drop in the American standard of living that seems to be unavoidable in the 21st century, that "playing with cars" will once again return to its roots as per 1900--as the toy of the very wealthy. You know, like private jets and Riva speedboats are now.
#103 of 125 Re: Sorry to say, but... [Mr_Shiftright]
Jan 26, 2011 (11:41 am)
The problem for me as I get older is that I've pretty much already owned all the beloved cars of my youth. I think Generation X has been much less likely to deprive themselves of things so there is less of a need for a reward as we age.
Well, maybe we'll still want a reward. But for me it won't be a pain in the butt car that I've already owned.
#104 of 125 Re: Sorry to say, but... [Mr_Shiftright]
Jan 26, 2011 (11:47 am)
One other thing, until the crunch hit guys in their 50s were often buying their toy cars with easy credit, sometimes through their business, sometimes through home equity lines.
Is anyone these days thinking they should maybe take out a $35k home equity line of credit on their house to buy a Ferrari 328? I think that kind of freewheeling is dead for a while.
#105 of 125 Re: Sorry to say, but... [lemmer]
by MrShift@Edmunds HOST
Jan 26, 2011 (12:05 pm)
Well that seems to be the deal right now...there is a small percentage of people who seem awash in unlimited amounts of money and then the far larger number who are cutting back. Of course there will always be people with a few thou to burn who will putter around with under $5K sedans and things like that.