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Anyone who follows the collector car market will tell you that prices are up, and demand is high. Indeed, Scottsdale's 2014 auction week, highlighted by the festivities at Barrett-Jackson, was a raging success, with numbers that were improved from the previous year in most significant categories. A look at the final tallies, though, shows that most of the big-dollar action happened in the foreign and exotic categories, with classic American iron from the 1950s falling behind.
In a recent column for Car and Driver, Rob Sass from Hagerty Insurance highlighted several examples of well-known American cars from the 1950s that have been showing an overall stagnant or even slightly downward trend in prices. Classics including the 1957 Chevy Bel Air, Ford Thunderbird and Chrysler 300C are called out, as are some lesser-known models like the 1958 Studebaker Golden Hawk and 1953 Hudson Hornet.
Of course, as pointed out in CNN Money, collectors are urged to invest in the cars they fall in love with and to be proud of their machinery. Still, major questions remain as to how the next generation of auto enthusiasts will respond to the collector car market when it's their own hard-earned money on the line.Permalink | Email this | Comments
There's an ultra-rare Ford Thunderbird for sale on eBay, although it's not quite the T-Bird you're probably thinking. This is a 1987 Thunderbird Turbo Coupe, complete with a five-speed manual transmission and just a shade over 13,000 miles on the clock. The condition is said to be mint, and judging by the interior and exterior pictures, we're inclined to believe the seller. The paint is glossy and the interior looks showroom new, while the underbody is stunningly clean for a 26-year-old car.
Underhood sits a 2.3-liter, intercooled and turbocharged four-cylinder (also found in the Mustang SVO) that was producing 190 horsepower when it left the factory. Inside, the five-speed manual transmission adds to the car's rarity. The vehicle's sole owner has been as immaculate with the paperwork as he has with the rest of the car - it's all there, including brochures and other product material.
The eBay auction ends tomorrow at midnight (9:00 PM if you're on America's west coast). Bidding has reached $10,200, and there's still plenty of time to get in on this future classic. The vehicle is located in Millstone Township, NJ.Permalink | Email this | Comments