Re: How depressed is the market in our cars?

Posted by Gerard O'Keefe On 2011/10/21 16:49:23

II have been watching the adds over the years.The asking prices have not come down much but in the last few years, the cars are not selling.They pop up over and over and over again.I saw on 56 400 for sale in Virginia for about $40,000.00.He said it was fully restored.It came up every so often for about three years.Now I see it in Hemmings being pushed by some dealer for $56,000.00 or $65,000.00. Another car I watched for a few years was a 48 Custom Eight Convertible.Another frame off restoration.Listed over a two year period for $144,000.00.Just sold at Hershey auction for $88,000.00. Probably is a great time for buying a car but a bad time to sell one.