business decision; can't make any money on the small cars. with technology going toward electric and/or hybrid no matter what size the vehicle, it makes sense. In the mean time, keep selling the big money making trucks.
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Show posts MenuQuote from: Shelby_0022 on January 23, 2018, 08:06:37 PMQuote from: Vernon Estes on January 23, 2018, 06:33:48 PM
I tend to agree with Bigfoot that some of the numbers mentioned here sound aggressive...but I think also some might possibly be confusing carryover values with other 66 values?
My general opinion...carryovers are easily high 100s to low 200k cars right now. Really good carryovers can go in the mid 2s. Other 66s, generally hertz cars can range from 100k-145k depending on the quality of an automatic car..factory 4 speed cars are obviously much more. Automatic 66 non hertz cars are about the same or maybe a bit more than the equivalent hertz car. Factory 4 speed 66s tend to range from what I see from 140-175k for most cars.
Keep in mind, the prices i am quoting are for nicely restored cars that can also be driven. Concours cars are more and so are totally unrestored cars. The better unrestored car the higher the price. Just a lot of moving parts to consider.
I will say that the $200k assumed above would be tough to get for a late 66, even in concours spec. Before the forum went down, an early to mid production over ride traction bar car in red which was concours condition was listed at either 185k or 195k, does anyone remember? Seemed like a nice car, none of my business what it ended up bringing, but that is a good comparison to make. An earlier 66 is technically going to be better than a later one for market value (even though Ill be the first to debate how much serial number really matters unless we are talking carryovers). $200k is just a tough number to get to on a 66 other than a carryover unless the car is a truly spectacular restoration which costs lots of $$$ to do above and beyond your typical resto which itself can be very expensive.
Also, rarely does the costs of car+restoration costs= end value equation actually work. If that were true, then mathematically the end value-restoration costs= costs to buy the project car. Often times a project is worth more than this equation would imply.
Just this guy's 2 cents..
Vern
I couldn't agree more, Vern. BTW - the lack sleep induced by the "Little Estes" doesn't seem to be clouding your thinking! Congrats again!
It's so hard to read the market at times, and I'm certainly no expert. However, it Hagerty values do seem extremely high on 66s right now. I also read an article in a magazine recently stating that regular 66s were worth the low $200s...and these were non-carryover cars.
I don't know what happens with private sales, but I have yet to find anything that backs the high prices that Hargerty gives for 66s.
Also, my 2 cents worth.