Re: Various CL Pickings

Posted by packardsix1939 On 2023/12/24 11:12:27

Regarding the apparent oversupply of Packard cars on the market. I personally spend quite a bit of time every week looking on FB Marketplace, Craigslist and other sites for Packards and posting the links here. There are indeed a lot of cars out there, particularly post-war models in rough condition. There are too many project cars and not enough people left to restore them. Sadly, a great many of these cars I fear are going to be lost. I see the some of the same cars for sale for months, even years. With restoration costs so high, I can't blame anyone for being reluctant to take on a major project. A full restoration will cost far more than the car will be worth in the end and many projects end up being abandoned. I recently looked at a 1941 120 Convertible Coupe that had been abandoned part way through the restoration process. The car was completely disassembled and only some of the bodywork had been completed. The seller had well over $60K in the car and was not even half finished. He probably could have bought a well restored example for what he had invested up to this point. With so many good, restored cars available in a now shrinking market, it just makes much more economic sense to buy an already restored car as opposed to spending a huge amount of time and money into bringing back another car. I suppose it is inevitable.