Why cars so cheap right now?

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Preluder77

New Member
Joined
May 23, 2007
Messages
80
I was just at the mecum auction in Florida this weekend. I was shocked to see two very nice Grand Nationals sell very cheap. An all orginal car sold for 14k, and a nicely modded car sold for 13k. And people lifed the Reserves off and sold them. What gives these cars should be bringing more than that.

GNX #097 was there 18k miles perfect condition (although The muffler was smashed in on both ends in a weird way) didnt get to see it roll on the block but i think reserve was 70k.
 
GNX #097 was there 18k miles perfect condition (although The muffler was smashed in on both ends in a weird way) didnt get to see it roll on the block but i think reserve was 70k.

Oddly enough....Thats how the Mufflers came!
 
Dunno but it seems cars in general are selling a little cheaper than usual. This coming from some of what's been posted on chevelles.com.
 
Yea it was a slaughter house at that place we only sold 1 out of 5 cars and the chevelles and camaros were doing really bad. 68 chevelle convirtable went for 18k. But 14k for a 50k miles GN i thought was insane we were gonna buy it but we walked up right as it sold. Im still upset about it.
 
I think with the economy the way it is, alot of people are more tight-fisted with their money. Add in the price of gas and it costs much more to enjoy an old car than it used to. Seems the only people buying are investor types who don't drive them anyway.
 
I think with the economy the way it is, alot of people are more tight-fisted with their money. Add in the price of gas and it costs much more to enjoy an old car than it used to. Seems the only people buying are investor types who don't drive them anyway.
That's usually the problem with these sorts of things. When you get people buying things strictly as a "good investment" there is always going to be a quick run up in price and then things will readjust themselves and the market will either fall out completely or atleast soften back to normal. An economic slowdown in general is simply making less money available for toys.
 
$$$$ doesn't affect the big $$$$$ rare cars ... reg cars are worth the $$$$ that someone will pay.. in this market like the housing market the buyer has the upper hand :p
 
Should have ran them over to an auction on the west coast, those peeps over there will pay 3x's what they'd bring on the east coast...
 
With the 6+ year boom in real estate and stock market a lot of people bought their dream cars and drove the prices up.

Now the markets are self adjusting back to a 2002 2003 level. Most lived beyond their means so there should be many deals on 'hot rods' now.
 
With the 6+ year boom in real estate and stock market a lot of people bought their dream cars and drove the prices up.

Now the markets are self adjusting back to a 2002 2003 level. Most lived beyond their means so there should be many deals on 'hot rods' now.

Amen to that!

Time to open up the wallet and get me a.......... :biggrin: New toy this next weekend

BW
 
People can't use their houses like a bottomless ATM anymore so things are gonna get interesting indeed over the short term.
 
Greed is the american way of motivation, what can I do to make a buck

Everything is going down, except for the riches of rich... This is the time to buy, if you think you can get a deal, then swoop in and steal it away and try to flip it for more money then you paid... The american way is to spend everything you have and use credit and equity. But it finally caught up. Now it is foreign countries helping out the needy US. The government was going to offer $800 rebate, $1600 for families under $150k, then it was reduced to $600, now it seems it is $600 per famliy, ummmm, sound familiar, try to save and try to payoff bills and something changes. We count on $1.00 and we get .25 cents, and then spend .50 cents for food and bills. The logic and mental attitude has to change. People must get out and vote for change and keep bad ideas from getting into goverment where they make money just for them, ummm, any ideas what I mean.

Greed is the american motivation, what can we do to make a buck. The comment or question should be what can we do to fix the problems and stop it. As children we are taught that we can make a difference, as an adult we learn to go to work, pay taxes and get by. Our economy is suffering becuz our military people are overseas fighting vs in our own country spending. I saw in the news where a woman was awarded over a million dollars for losing her arm, not her life and our troops lose their life and their family is given what $50k or $100k, our justice system is corrupt as the government. Maybe money should be disbursed by the government , that way nobody really gets any money and if they do, it is not what they deserve. A million dollars and one arm gone, vs a son, brother or father gone, died from a war, children with no parent!

Back to why cars are so cheap, confusing, Ummmm, for instance, the 87 Buick grill used to be sold for $89 from GM not many years ago (less than 10 years) and now that same grill sells for over $600, why becuz people are willing to ask and people are willing to pay. Why is it ritz crackers in Wisconsin cost $2.00 at the store and in California it costs $4.00, the same freekin crackers.

Why do people drink -- to forget just for a moment, that life can suck when you don't have money. Live below your means and not above it. Maybe we all are waiting for inheritance money, becuz that is the old fashion way of getting rich. Even if you can afford a nice home, you may never be able to sell it. Not the issue with GNX's, but with a home, they are every where and the builders are every where ready to build another. So why buy an existing new home when you can have the one you want, on the land you want.

I can't wait for summer and cruisng in the GN, I have kept my garage queen parked for too long. It is too hard to drive a GN in the wineter of Wisconsin, especially, when this is the most snow we have had since 1999. I am going back to the 80's for 2008. Take the t-tops out and enjoy life a little slower and a lot more, Be on the look out for 87 GN with WI license plates "XSTASY".

GN's are expensive to drive and maintain, but a Buick is owned by people with money or have a priority in life to own one and drive it. If you don't drive it, maybe it is broke or it is like a GNX and worth more not to drive it. The funny thing is people struggle with money yet they own more than 2 cars. Kinda like being over weight, it is easier to talk then actually working at it to lose it.

For me, I am getting divorced March 3, 2008 and I don't have to sell my GN and I don't have to sell my house, sweeeet.... And my wife isn't asking me to sell everything I own to split with her. She was a keeper and still is becuz of that, but life changed and we get along better since we don't live together. Can't we all just get along and make life easier one day at a time. My GN needs work just to maintain original stock parts but becuz I own only one, it is simple to put money into it as needed. If your racing GN's and T's, well, racing parts break all the time...

Summer is ALMOST here and the GS Nationals are coming quickly, save your money and meet me there in 2008. You will see me trackside with my camera and pink hat.... May 13 - 17, 2008 -- 28 years, if this isn't the year, what will happen when Richard Lassiter owner of GSCA Retires.... then.... Insurance and deposits must be expensive in 2008, but all we see is membership numbers multiplied by yearly dues, so what, start your own club if it is that easy.... 28 years of history makes it that easy for the GSCA and all the volunteers and people who attend. It isn't about the money, it is about the memories... I have owned my GN since January 1988, 20 years flying down the road in a turbo regal, whooooosh and it's gone, whats a few thousand dollars in the end, who knows how much money I spent on insurance, drinking alcohol since 16 years old (legal age for me was 18 and senior in HS), going to grocery store for food, vacations to someplace warm when it is minus 20 in Green Bay, Wisconsin.

It isn't luck we need, it is hope. I hope I live to meet you tomorrow and then next day and the next day.
 
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