Aussie muscle cars values tanking
Discussion
Interesting article in the WA today about how aussie muscle cars from the late 60's and 70's are starting to tank in value compared to the boom in 2007.
They give a few examples with the previously most expensive Falcon GTO Phase 3 (i think) achieving a peak of $600,000 in 2007 now worth less than half that. Lots of other metal that was worth north of $80k now worth half.
I remember turning up to Oz in 2007 and being amazed that the perceived market value of these things was so high, and literally having a 'WTF' moment when i read one went for $600k.
Its amazing not having this historical view so that from my eyes they just look like fast road versions of average 60's saloon/coupes and couldnt work out why for $600k you wouldnt buy an F40 AND a Countach (and i understand aussie prices for these are way higher, but still).
I still struggle to understand the value people place on these cars and just think how rose tinted some cashed up bogans glasses must be
They give a few examples with the previously most expensive Falcon GTO Phase 3 (i think) achieving a peak of $600,000 in 2007 now worth less than half that. Lots of other metal that was worth north of $80k now worth half.
I remember turning up to Oz in 2007 and being amazed that the perceived market value of these things was so high, and literally having a 'WTF' moment when i read one went for $600k.
Its amazing not having this historical view so that from my eyes they just look like fast road versions of average 60's saloon/coupes and couldnt work out why for $600k you wouldnt buy an F40 AND a Countach (and i understand aussie prices for these are way higher, but still).
I still struggle to understand the value people place on these cars and just think how rose tinted some cashed up bogans glasses must be
Edited by Pommygranite on Monday 16th August 08:18
Anyone remember Holden doing these?
The HRT 427 Monaro. It was going to be a road legal, track ready toy and even if they could have sold 100 of the things was going to be something like $250,000. They dropped the project after building two of them. One was kept by Holden and the other sold for $920,000. The bloke that bought it recently went broke and sold it at auction for a whopping......$300,000.
Also whatever happened to those W42753427532 things they did a year or two back? I'm sure I read they have not sold them all and those they did sell were practically given away compared to their original asking price of $150,000.
The HRT 427 Monaro. It was going to be a road legal, track ready toy and even if they could have sold 100 of the things was going to be something like $250,000. They dropped the project after building two of them. One was kept by Holden and the other sold for $920,000. The bloke that bought it recently went broke and sold it at auction for a whopping......$300,000.
Also whatever happened to those W42753427532 things they did a year or two back? I'm sure I read they have not sold them all and those they did sell were practically given away compared to their original asking price of $150,000.
you obviously don't get it cause your not aussie, the reason that they're high value is racing success at bathurst.
in 1971 you could buy a new phase 3 for $5500, they built 300 for holomagation, less then 150 are left, and 1 indeed did get sold for a mil.
street fords have done an article on the only phase 4 made (complianced) and its value is around $2 mil they suggest, but no one really knows as its not for sale.
i dont believe true muscle car value has gone down, in fact i know it hasn't, true muscle cars wont drop in value as they're aren't enough to satisfy buyers, what has/will drop in value is other lesser models, that aren't as sort after, GT's, A9X torana's, to some degree holdens ie: XU1 toranas/HT monaros will never lose value, but replica's and s
tboxes wont be as sought after and there's more of them then quality cars 
in 1971 you could buy a new phase 3 for $5500, they built 300 for holomagation, less then 150 are left, and 1 indeed did get sold for a mil.
street fords have done an article on the only phase 4 made (complianced) and its value is around $2 mil they suggest, but no one really knows as its not for sale.
i dont believe true muscle car value has gone down, in fact i know it hasn't, true muscle cars wont drop in value as they're aren't enough to satisfy buyers, what has/will drop in value is other lesser models, that aren't as sort after, GT's, A9X torana's, to some degree holdens ie: XU1 toranas/HT monaros will never lose value, but replica's and s
tboxes wont be as sought after and there's more of them then quality cars 
I know what I'd rather have but then as pointed out, I'm not an Aussie I kinda do get it. I understand racing heritage and rarety, but just struggle to see the value in them. However I am glad that others do as its nice to see an active scene like this thrive.
I wonder if the prices of the cars would have been such if it wasnt for a mining boom rather than due to actual value.
I take your point on the matter about supply and demand and keeping prices high but thats probably due to not wanting a loss if they were sold rather than thats their true value.
Makes for interesting reading whatever you think.
To put some perspective on it this Porsche 962 with racing pedigree is near on the cost of the top line Fords/Holden mentioned:
http://www.classicdriver.com/uk/find/4100_results....
I wonder if the prices of the cars would have been such if it wasnt for a mining boom rather than due to actual value.
I take your point on the matter about supply and demand and keeping prices high but thats probably due to not wanting a loss if they were sold rather than thats their true value.
Makes for interesting reading whatever you think.
To put some perspective on it this Porsche 962 with racing pedigree is near on the cost of the top line Fords/Holden mentioned:
http://www.classicdriver.com/uk/find/4100_results....
nah, it was a timing thing.
all the baby boomers that were born at the end of WWII were retiering and had cash to burn (even though they winged about it) the ones that had the most spare cash were able to lash out and buy what was left of the muscle cars.
all the baby boomers wanted them because thats what they remember from there youth and had wanted one for years.
in 10 years time, no one will give a crap about them, the values wont move much up or down. the trick is trying to find what the next "retirement youth" car is, as that will surely do the same.
any sujestions.
Ryan
all the baby boomers that were born at the end of WWII were retiering and had cash to burn (even though they winged about it) the ones that had the most spare cash were able to lash out and buy what was left of the muscle cars.
all the baby boomers wanted them because thats what they remember from there youth and had wanted one for years.
in 10 years time, no one will give a crap about them, the values wont move much up or down. the trick is trying to find what the next "retirement youth" car is, as that will surely do the same.
any sujestions.
Ryan
your right on the timing issue, i own a car now that i've always liked and i bet you'll find that 427 monaro will be on that list, no matter how unlikely it seems now, but that's how it works, racing success will largely play a part, however gone are the days when the car in the showroom looks or goes like the car on the racetrack.
show me the price of the porsche had it actually won anything !!! be a bit more than it is now, i rest my case
and i bet you'll find that 427 monaro will be on that list, no matter how unlikely it seems now, but that's how it works, racing success will largely play a part, however gone are the days when the car in the showroom looks or goes like the car on the racetrack.show me the price of the porsche had it actually won anything !!! be a bit more than it is now, i rest my case
Not trying to be argumentative, but, and i genuinely am unsure, did this Falcon that went for $680,000 have racing heritage or was it a road car?
http://www.dailytelegraph.com.au/news/nsw-act/the-...
http://www.dailytelegraph.com.au/news/nsw-act/the-...
Pommygranite said:
Not trying to be argumentative, but, and i genuinely am unsure, did this Falcon that went for $680,000 have racing heritage or was it a road car?
http://www.dailytelegraph.com.au/news/nsw-act/the-...
this specific car didn't win any races, however this specific model did enjoy great success, including winning bathurst, i would imagine that they're more replicas of a phase 3, then any other model car in australia, i however have never been a fan of the XY as im an aussie not a yank, and this is essentially a yank car with a yank motor driven by a canadian, not much aussie bout that.http://www.dailytelegraph.com.au/news/nsw-act/the-...
i'm more a fan of the hardtop, all aussie design still a yank motor, but you cant have everything, XA won bathurst twice and a XB won it once
can you tell im really a holden man
Colonial said:
Simple correlation.
Bogan cars went up in price during resource boom. This has tailed off so prices are coming back down.
Yeah figured that but was unsure how the hell these cars are deemed to be worth so much.Bogan cars went up in price during resource boom. This has tailed off so prices are coming back down.
If the cars themselves are road going versions of race winning cars perhaps we should all go out and buy RS500 Sierra Cosworths...
The property boom has had a bit to do with it too, a lot of people suddenly found themselves with massive asset bases and rental incomes and could afford to buy a 200K piece of scrap metal.
Don't get me wrong, i like GTHOs, Monaros and Chargers but there is nowhere near enough engineering in them to justify the prices being demanded.
I remember being at the melbourne motor show and shannons had a GTHO phases II (i think) and a 246 dino up for auction for around the same money and i know which car i would have gone home with.
Don't get me wrong, i like GTHOs, Monaros and Chargers but there is nowhere near enough engineering in them to justify the prices being demanded.
I remember being at the melbourne motor show and shannons had a GTHO phases II (i think) and a 246 dino up for auction for around the same money and i know which car i would have gone home with.
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