Re: Are prices trending downwards for late 1930's Packards ?

Posted by 58L8134 On 2019/6/28 12:15:17

Yes. It was inevitable, demographic change is relentless, every generation has it prized objects which eventually become regarded as relics by succeeding generations. Its not simply Packards but all older cars. Everyday, run-of-the-mill cars produced in high numbers show the affect first. Even with the attrition that's reduced their numbers over the decades, there are still more extant than there is demand to support.

Where does that leave us? As demand diminishes, price adjust down to reflect that, which if you are entering the market will provide a better selection of cars in better condition for lower prices for consideration. If you are selling, it may take much longer to find another who perceives your car worth the price ask. You may have to swallow hard and accept much less than you'd hope to make a sale.

The upside is it will encourage the speculators to exit the scene, make worthwhile, enjoyable cars more readily available and affordable to new owners who will genuinely want them for other than their monetary value. We can encourage any younger people we encounter who show interest to delve more deeply, find out the benefits of older car ownership, that they're not a mystery. unaffordable or impossible to deal with.

Steve