TR prices lately

[turbo39151]

Maybe it's just me but it seems as if some of the prices for these have started to slowly creep upwards. Am I imaging things or is it finally happening?

 

[626gn]

I'm seeing asking prices going up but I'm not sure if they're actually selling for more. Hopefully they are

 

[turbo39151]

I hope so as well...

 

[Bescurred]

Yeah some crazies put there but I think they moving in the right direction

 

[Reggie West]

I think prices are getting better and they should.

Its not cheap at all to build one of these things correctly and the last 5 years everyone thinks they can get a low mile 8 second car for $15K. So maybe some sanity is coming back to the marketplace.

 

[BARRACUDA1968]

I have noticed it as well. I spent 3 years looking around before I bought my car. I passed on a 12,000 T Top car in mint condition for $19,500 about 2 years ago. Seems like this same car is mid to high 20's now.

I have a couple 1978 Trans Am's and they have went through the roof in the last 5 years. My Y88 4 speed car will fetch over 40K pretty easy. 10 years ago the same car would have been under 20k.

 

[stage1gn]

I noticed it early spring this past year that prices were going up , not biased ,but especially on GN's. Not uncommon now to see as one said ,mid and upper 20's.

 

[TT/Ameasap]

Can someone explain why you would want prices to go up?
I truly think if you love these cars, you want prices to be low. I'm speaking from years of experience too.
I'm building a 55 chevy hardtop now and the prices are insane to rebuild one and there are a bunch of vendors for competition. Kinda sucks.

 

[BuickMike]

GN prices will start to climb big time in 5 years or so. Maybe 10. I am honestly ok with it since I don't plan on keeping my car forever. Another reason one would want prices to climb is so if something happens to your investment, you will at least not lose your ass with the insurance company. I have agreed value insurance on my car and it will fully cover what I have into it. I would not been able to pull that off several years ago.

It does suck if you are trying to get into one though. My dreams of having a 1st gen Camaro are long gone.

 

[TurboTnZ06]

Have you priced a new fullsize pickup truck lately? TR's should get more dollars comapred to what else you can buy for that money.

 

[Venus]

Maybe it's just me but it seems as if some of the prices for these have started to slowly creep upwards. Am I imaging things or is it finally happening?

Yes they are...just watch the auctions....GNs prices are trending upwards....it's getting harder and harder to find low mileage unmolested examples out there.

 

[Boostian]

Check Hagarty valuation graphs. TRs are slowly, very slowly, trending up, and past short while GNXs have skyrocketed.


1987 White Turbo T - TE60 w/ Alky
12.1@113 on street tires

 

[turbo39151]

I didn't know about the Hagarty graphs-interesting info. However, I wonder what other sources they use to compile their info. According to their numbers my GN should sell for close to $25k! (I don't that is happening unless I go to one of those big auctions) I've seen plenty of TR's on this board that are being beaten to death on the pricing and many sellers end up giving them away for well under the supposed values.

Are low prices a more common phenomenon here? Does a seller who wants top dollar have to go to an auction?

 

[psycho6cyl]

from what i saw the car market in general seems to be after modified cars.saw quite a few big $ cars at auction sell for peanuts comparitively. But w the tr scene i see the opposite. the low milage ones are going for big and the modified ones are on the cheaper side. either way im happy. value up helps w ins value down maybe buy another one lollol

 

[Boostian]

from what i saw the car market in general seems to be after modified cars.saw quite a few big $ cars at auction sell for peanuts comparitively. But w the tr scene i see the opposite. the low milage ones are going for big and the modified ones are on the cheaper side. either way im happy. value up helps w ins value down maybe buy another one lollol

It's going to be like that in the future also. A low mile factory original T, GN, or GNX will go for much more than a modified super clean Stage car.

People pay for originality because originality brings nostalgia.


1987 White Turbo T - TE60 w/ Alky
12.1@113 on street tires

 

[BuickMike]

I didn't know about the Hagarty graphs-interesting info. However, I wonder what other sources they use to compile their info. According to their numbers my GN should sell for close to $25k! (I don't that is happening unless I go to one of those big auctions) I've seen plenty of TR's on this board that are being beaten to death on the pricing and many sellers end up giving them away for well under the supposed values.

Are low prices a more common phenomenon here? Does a seller who wants top dollar have to go to an auction?

The condition of your car and how it relates to their condition chart is all a matter of how you interpret it. I would say condition 1 is an extremely low mile - still not dealer prepped - 100% original example.

Condition 2 would be a low mile (like under20k), clean GN will all original paint, interior, and drivetrain. All original parts should be included if aftermarket stuff has been put on.

Condition 3 is your very nicely done resto-mod.

Condition 4 is your average driver quality car.

If you go off that you can gauge pretty well where you sit. Most people think their condition 3 cars are condition 2's.

 

[BuickMike]

from what i saw the car market in general seems to be after modified cars.saw quite a few big $ cars at auction sell for peanuts comparitively. But w the tr scene i see the opposite. the low milage ones are going for big and the modified ones are on the cheaper side. either way im happy. value up helps w ins value down maybe buy another one lollol

This is probably because most modified TR's are drag cars and the trend is towards pro touring now. Roll cages typically hurt the value big time too.
A good friend of mine bought an 11k mile GN with the idea he was going to keep it stock. That was until he realized how crappy they run stock. Now it has all the good bolt-ons. Nothing that couldn't be put back to stock though.

 

[turbo39151]

BuickMike: Are you saying my Car is merely a condition 3 car? j/k

 

[BuickMike]

Haha these ratings have a lot to do with mileage and originality even though they don't mention it. I wouldn't sell my car for less than condition 2 prices, however I think right now it sits as a condition 3 due to lack of originality and miles.

 

[turbo39151]

I was looking at the definitions they list for their conditions (listed below)- didn't see mileage as a factor but I'd have to agree with you that mileage has to be a factor as well...


Condition Ratings
#1 vehicles in Hagerty Price Guide are the best in the world. The visual image is of the best car, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the car has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 cars is "concours."

#2 cars could win a local or regional show. They can be former #1 cars that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and interior will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine compartment. The vehicle will drive as a new car of its era would. The one word description for #2 cars is "excellent."

#3 cars could possess some, but not all of the issues of a #4 car, but they will be balanced by other factors such as a fresh paint job or a new, correct interior. #3 cars drive and run well, but might have some incorrect parts. These cars are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. "Good" is the one word description of a Hagerty Price Guide #3.

#4 cars are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the fender has a minor dent. The interior could have split seams or a cracked dash. No major parts are missing, but the wheels could differ from the originals, or the interior might not be stock. A #4 car can also be a deteriorated restoration. "Fair" is the one word that describes a Hagerty Price Guide #4 car.