How long does it take for a classic american car to sell?
Discussion
I've been watching cars for over a year now and, depending on the price, it's not uncommon to see some very nice Mopar for sale for several months.
Examples I've noticed have been a very nice 72 satellite which has just sold for £19k after being up for sale since last year and a 72 Charger which didn't sell after nearly a year. Both really good desirable cars but there seems to be quite a limited number of buyers with not much spare cash.
Examples I've noticed have been a very nice 72 satellite which has just sold for £19k after being up for sale since last year and a 72 Charger which didn't sell after nearly a year. Both really good desirable cars but there seems to be quite a limited number of buyers with not much spare cash.
Shirley, the apparently "less desirable" cars will sell quicker because they cost less....bit of an obvious statement...But let me explain my opinion....It can be such an impossible thing to obtain the muscle car you want because of the cost.....A Dodge Charger in mint cond for 30 to 40k? Whilst if it is the V8 you are after,it makes sense to look at the "less desirable" cars....Sometimes works out better...Something a bit different to a Mustang or Charger....but you still have that V8 grin-factor!!! Very important in my book! It is "V8 or nothing!!" in my book!
Sorry...know you are not called Shirley, but that other person started it and it has kinda stuck...
Sorry...know you are not called Shirley, but that other person started it and it has kinda stuck...
It takes as long as it takes, if you want to sell quickly you sell it cheap then more people will be interested. If you want what it's worth then be prepared to wait for the right buyer to come and make you an offer. The more valuable the car the longer the wait as a rule as there are less buyers around at higher prices than at lower prices.
Many people, both buyers and sellers are 'stuck in the middle' - take an example - mid/late 60's Mustangs. Fastbacks with V8's are at a premium - haven't monitored the market myself but I'm guessing a nice fastback 289 GT will be 18k - 25k or more?. So someone selling a 'cooking' coupe is going to look at these prices and hope to get a better price for his car knowing that many people won't be prepared to spend the above money and hopefully he will stand a better chance of an elevated price. The real problem with Mustangs, mid-year Vettes and some Mopar stuff is that the prices have gone past sensible levels. Somebody who decides to pay, say 30K+ for a 65-66 fastback GT isn't likely to consider selling at lower money - he will be forced to hang on to it. The market then stagnates and cars don't move. Look at mid-year Vettes (63-67) - you can't even get a poor one for less than 35K - add-in good condition and a big block engine and it goes past 45K. The real trick is to look 'sideways' at other vehicles which are not at this stage desirable. 68-71 Vettes for example have basically the same chassis and running gear as mid-years yet can be sourced for a lot less. Mid/late 70's Vettes are a bargain in real terms compared with Mustangs - 15K will get you a very nice example. Look at things like AMC Javelins, late 60's Barracuda's, Ford Torino's, and other 'off the Piste' vehicles.
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