Quote:
Originally Posted by Mulva
I think auctions are the better gauge rather than looking at advertised values, as with auctions you get to see what the market is actually willing to pay (even if it does not reach reserve).
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The problem is, people are seeing some of the crazy, low numbered HSV auction sale prices and thinking every Falcon / Commodore is now a pot of gold. Dealers are the biggest offenders, private sellers follow suit.
I feel people will get burnt while prices are inflated. Many are taking money out of super to buy these cars, or borrowing against newly found capital on their houses due to the property boom. Special 'numbered' models will always be in high demand. The average HSVs, FPVs / XRs, SSs are what's inflated IMO, unless it's super low km (near new). I don't think these cars will move much at all for many years now, even perhaps down a little. People need to consider what it actually costs to hold / store / maintain a car too.