Hello WBUTE.

Have to disagree on the popularity and desireability comment. There is a worldwide interest in old cars generally. You only have to look at the success of things like the Pebble Beach Concours, Targa Tasmania, Motor Ex, Goodwood, Muscle Car Masters....The list goes on.

Old cars have weathered the GFC extraordinarilly well. With many investment experts stating they have in fact out performed Art, Jewellery and even real estate in some circumstances.
Cheers
Nick

Edited by user Monday, 25 April 2016 10:29:45 PM(UTC)  | Reason: Not specified

I agree with the generally agreed theory of people buying what they couldn't afford as kids. Obviosely baby boomers driving the last boom in muscle cars. This theory would see the next boom( likely after a property one which frees up cash) filled with buyers now looking for vl walkinshaws or newer. And after that the next boom might see the secon gen monaros get there day.

The only difference is the Bathurst element.
While Bathurst and supercar racing is still relevNt today. You just can't buy the cars that go with it.
Even teenagers today drool over a 1st gen Monaro and they know the race heritage.
This tells me that even though later models will boom. As the last road race cars ever to hit the market 69,s 70,s muscle will always be strong .
Today's generation love them and they will not be hitting there max earning age for 20-30 years yet.
They'll probably be retrofitted with hybrid green engine by then but so let's not think about that.

Cheers

Hi.

With respect, I think using the Model T example is not the same as later cars. By the way there are many reasons for the recession of values of many cars worldwide. American Model Ts like many other pre World War 2 models were drastically affected by the GFC. Australia too was affected. But most "Chrome bumper" cars have bottomed and will move forward slowly. Yes the influence of a car from earlier in one's life is a reason for values but it is not the only one. Some people may not see that old cars at some stage cease just being old cars and like art, jewelery, memorabilia and other things, become a collectible,appreciating asset.

Fashionable trends are another reason for fluctuation. We only have to think of split window Kombis which are a good example. Who ever would have thought the humble Kombi "box with 4 wheels" would reach the stratospheric values recently seen? How long will they hold their value? I don't know. ...But I do feel that it would be surprising to see them hold forever. But if they settle, they will settle to a higher value than before their "mini boom".

We have seen the heady days from 2004 to 2011 come and go. Many nay sayers predicted that the @rse would fall out of the market and it did for a while. But when that happened prices for good cars settled to a little higher than before the early 2000s boom. Prices have been moving modestly since 2011. Go to any classic car auction these days and you will see the results are better than a year ago.

Collectible cars are rating well and are said to be outperforming other types of collectibles (even real estate) in many articles written in financial publications.

Don't be too worried if you have an HQ Kingswood, Model T......or even, God forbid, a GT Falcon in your garage......you could have been sensible and placed your hard earned in any super fund, handed it over to one of those wonderful financial planners or wealth managers.

I can guarantee if you went out and bought twenty or thirty good 1960/70s base model Valiants, Holdens or Fords. Your investment would have outgrown any traditional investment over the last ten years by a country mile.

Cheers
Nick.

I doubt that will ever happen. Imagine the Capital losses people would claim!

Average house price Sydney 71 was about $20000. 2016 $1 million.
New Monaro in 71 approx $4000. Now Approx $250000.

I think I will back real estate above cars as an investment.

Plus that's one of the most valuable Australian muscle cars (excluding the GTHO). So other cars are an even worse investment.

The idea should be to enjoy the cars not the value.

Edited by user Tuesday, 26 April 2016 9:42:39 PM(UTC)  | Reason: Not specified

I think the reason people quote investment potential for cars is purely to justify the purchase 10 years ago turning a profit on cars was not even a consideration but when paying under $10,000 it doesn't need to be.

When forking out $50,000 or higher you need to justify to wifey why your buying a car not paying your mortgage down.

I made $100,000 on a car over two years. Purely thanks to timing. I sold because it was becoming a liability to drive and I wanted to reduce the mortgage.
Sadly due to their prices they have become investments regardless of whether we want them to be.

Most of you probably saw it sell today for NZ$107,200 and thats about $100,000 Aussie. You can add 10K GST if its comming home.
Strangely it went beyond the 100K Buy It Now price.

Flem

All HK coupes are Monaros, so not sure what a non-authentic one looks like!

HK Monaros pull good $, not sure if that is sustainable for the low spec cars but V8 ones should always be well sought after.

As a guess only a HK GTS in the same condition would probably fit into the range of $70k-$90k, probably colour dependant. I sold a really nice clean Silver Mink with Goya GTS about 2 years ago, needed a total resto and no trim or driveline for $25k. A HK V8 GTS maybe add $15-25k. A HK GTS upgraded to a V8 I don't think would change its value that much, maybe more in some cases if it had other mods like a better engine than a 307, Muncie, 12 bolt or 9" etc. In the end HK is a bit unique as 6cyl and V8 are the same model so if done right you'd actually not know if the standard Monaro or standard GTS had been changed to a V8, not by the tags anyway.

As for the last question it is a modified HK Monaro, to me it doesn't matter what you put in it, it is still a HK Monaro.

Wow you can tell when my spell check is turned off .....