Used car prices

[Polyal]

Originally Posted by Giant Cranium

I know a bloke who paid 65k for one of those vf2 directors. He thinks it will be an earner. Won’t hear about storage costs and insurance and maintenance. It still has delivery kms.

At the end of the day it’s an auto bf Calais. Will be worth not much more than any other Calais in time

I also believe any of the Modern Australian special cars need to be manual to hold their value in time

Agree with some points, but particularly on ongoing costs, people seem to happily ignore these, same principle for housing investments (not looking at insurance, rates, maintenance etc).

Then you factor in you would want to be running it around once a week to make sure things are lubed etc....id think you would have to hold something for 15+ years to see any return unless you got lucky (when buying near new).

[FTE217]

Originally Posted by Polyal

Agree with some points, but particularly on ongoing costs, people seem to happily ignore these, same principle for housing investments (not looking at insurance, rates, maintenance etc).

Then you factor in you would want to be running it around once a week to make sure things are lubed etc....id think you would have to hold something for 15+ years to see any return unless you got lucky (when buying near new).

yer I hear you and this comes down to the have's and have not's.
Those who buy but are at their limits, and get shaky if there is a sudden increase in their living costs/a misfortune, you know that curve ball we all can't dodge, surgery/the kids or a large home reno/bathroom etcetc...
And for some, the general cost of rego/ctp/Insurance it just gets washed into the daily/annual costs of living.
I have 2 that I hardly use, 1 mostly never and Thankfully I can afford doing so.
I sure wouldn't be using Super to buy something or anything as such, for one that is madness and shows you have bugger all in the first place.
Good luck to them, hope it works out in the end but I feel thats a hopeful Fairytale in the future.

The pricing is covid madness, people are impatient, imagine what the pricing will drop in a couple more years or so.

[DJM83]

Originally Posted by martyk54

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.

Whilst it's nothing special. I know I could sell my Ute for more than I paid for it.

Will I.

Most certainly not.
But your right, factor in rego, insurance etc im still behind

[DJM83]

Not sure if this is a bi product of all this.

I received the insurance renewal for my Ute.

The value has gone up 25% on last year.

[Mulva]

The Holden stuff seems to be either more desirable or just more silly compared to Fords of the same era...check out prices of VB-VL against prices of XD-XF, and it is the same for VN through to VS versus EA to EF.

Not just talking the V8 or rare stuff - even base model 6 cylinder auto SL Commodores are nuts. And yes,V8 Fords of the era are going for ok money, but then check out the V8 equivalent from Holden. Few weeks ago watching Grays I saw a VS SS go for more than $30k, same time saw an EF XR8 not make $11k

[Polyal]

Originally Posted by Mulva

The Holden stuff seems to be either more desirable or just more silly compared to Fords of the same era...check out prices of VB-VL against prices of XD-XF, and it is the same for VN through to VS versus EA to EF.

Not just talking the V8 or rare stuff - even base model 6 cylinder auto SL Commodores are nuts. And yes,V8 Fords of the era are going for ok money, but then check out the V8 equivalent from Holden. Few weeks ago watching Grays I saw a VS SS go for more than $30k, same time saw an EF XR8 not make $11k

You probably picked the worst examples of Ford historically.

XD/XE - ESP and V8's is about it
XF - nothing to note
EA-EF - some odd bunch cars from aftermarket companies and maybe some XR's

[Tassie f100]

Originally Posted by Mulva

The Holden stuff seems to be either more desirable or just more silly compared to Fords of the same era...check out prices of VB-VL against prices of XD-XF, and it is the same for VN through to VS versus EA to EF.

Not just talking the V8 or rare stuff - even base model 6 cylinder auto SL Commodores are nuts. And yes,V8 Fords of the era are going for ok money, but then check out the V8 equivalent from Holden. Few weeks ago watching Grays I saw a VS SS go for more than $30k, same time saw an EF XR8 not make $11k

Will probably find that Holden will (long term) will fare better as an investment because Holden was an Australian company whereas Ford was basically an offshore part of Ford USA with a bit of Aust input.

[Mulva]

Agree with above re not much to get excited about from Ford during 80s and 90s, but I'm not just talking about V8s and ESP/SS Fairmont/SLX/Berlina, and Fairmont Ghia/SLE/Calais; even base model 6 cylinder tri-matic (traumatic) L and SL in VB-VH, and Executives from VK onward are worth silly money...sedan and wagon.

If you were to go on carsales and search Commodore then sort by year manufactured, you would think you had sorted by price from highest to lowest. Sort the list by cheapest and it will see VTs at the top of your search results - sort Falcon by cheapest and it is mix of XD to AU.

Again and as usual, doesn't mean any of that is selling for that price, which is why I like auction as you get to see what someone is/was actually willing to pay, not what someone is/was willing to accept.

EDIT: Showing my cards - have a blue XF GL 6-seater (front bench and column shift) that has been sitting out back of a mate's place since my dad passed away in 2014. Doesn't really hold sentimental value, he only held on to it as was worthless back then (he tried selling it for $700 in 2009 and best offer he got was $300); I've only held on to it because I am totally slack and it is not in my driveway/garage/yard annoying me, and too lazy to try and get it going again even though probably just needs a battery. But with Covid-crazy prices thought I'd see if it was worth the effort, but not looking that way.

[Mulva]

@Tassie you forgot the italics or smiley or /sarcasm

[FPV414]

The EB ED EF EL XR's are starting to find their place now. I put a ED XR6 manual up for $17k last week as I had a new car coming and wanted the extra money / space. I was surprised at how much serious interest I got. I ended up with 1 inspection, 3 phone calls and 2 serious offers in the first week. I also saw 2 other cars come up at the similar spec, condition and price - one of which sold. An auto ED XR6 advertised for $13.5k also sold within days, but got $11k.

We are going to see the jump on these 90's Falcons, as the supply of good ones dwindles and the demand increases. They will start to chase the Commos, and soon we'll see the prices start to accelerate as ESP did after 2014. Also takes one or 2 good restored ones or painted ones to go for half decent money, then you see more people take interest. Just follows a standard flow chart really, but the demise of the brands and manufacturing has accelerated the appreciation process, as people try to preserve what still exists in good condition, as we can't buy new anymore. That's how I see it, anyway.

[FPV414]

For the record, I pulled the ad for the ED and decided to hold on.

[calais]

I've been watching the prices of genuine XW Fairmont V8's for a very long time.

I am still not confident I'll be able to afford what I want (grecian gold, factory 351) by the time I am 50 and still able to enjoy it. I am 35 now and long for the prices of the late 90's seeing them for under 10k in every unique cars magazine I could get my hands on.

Prices are easily north of 100K for immaculate factory V8 cars, north of 75k for clean V8 swapped cars and over 50k for even a 6 cyl beater that is still running.

Is there anyone who might like to hazard a guess as to when prices will soften enough to bring them back to a realistic classic car option? Is it a generational thing? will the early falcon stuff lose popularity as the current owners age and lose interest? Or will the values just keep rising?

[Franco Cozzo]

Originally Posted by calais

I've been watching the prices of genuine XW Fairmont V8's for a very long time.

I am still not confident I'll be able to afford what I want (grecian gold, factory 351) by the time I am 50 and still able to enjoy it. I am 35 now and long for the prices of the late 90's seeing them for under 10k in every unique cars magazine I could get my hands on.

Prices are easily north of 100K for immaculate factory V8 cars, north of 75k for clean V8 swapped cars and over 50k for even a 6 cyl beater that is still running.

Is there anyone who might like to hazard a guess as to when prices will soften enough to bring them back to a realistic classic car option? Is it a generational thing? will the early falcon stuff lose popularity as the current owners age and lose interest? Or will the values just keep rising?

The problem I see is that Falcon and Monaro stuff has a limited audience being Australia/NZ/South Africa.

In 20-30 years time we're going to lose our baby boomer population who are the ones with nostalgia for those cars, who grew up with them.

They have no relevance outside of AUS/NZ/SA, they didn't feature in any popular movies ex Hollywood either.

Also consider availability and legislation in regards to internal combustion engine vehicles in 20 years time, will we still have unleaded available?

I reckon they'll drop in value.

[Rallye Sport]

Yep, as Franco said there will be a generation and societal change. Eventually.

Seeing this in action at the moment. I've been getting involved with the Model T club, the family members, not through lack of caring, don't want or need the commitment as the old timers pass.
The cars are going relatively cheaply with the emphasis on them going to good homes and future, ongoing, club support.

[Sprintey]

Originally Posted by calais

I've been watching the prices of genuine XW Fairmont V8's for a very long time.

I am still not confident I'll be able to afford what I want (grecian gold, factory 351) by the time I am 50 and still able to enjoy it. I am 35 now and long for the prices of the late 90's seeing them for under 10k in every unique cars magazine I could get my hands on.

Prices are easily north of 100K for immaculate factory V8 cars, north of 75k for clean V8 swapped cars and over 50k for even a 6 cyl beater that is still running.

Is there anyone who might like to hazard a guess as to when prices will soften enough to bring them back to a realistic classic car option? Is it a generational thing? will the early falcon stuff lose popularity as the current owners age and lose interest? Or will the values just keep rising?

Hi Calais, good luck to finding what you wish. Grecian gold, oh wow, what a colour that is. I do not know if they will soften in price soon, for the baby boomers who saw them in their youth, and Gen X who drove them on their P's, still have quite a bit of purchasing power - note all the new 200s and stupendous caravans going around, as well as 3m+ priced coastal property... Not to mention how Gen Z (my kids' mates anyway) regard them in awe when one is around.

From my study of Ford history, the XW Fairmont was available with a 302, but no 351. With the XY you could option the 351 2V and there were about 300 cars so fitted(?). Our Fairmont is late 1969 build, 302 and mechanically optioned as highly as you can without buying a GT. If you want a 351 in one, I'd hazard it would have to be added later, ie non-original.

I remember the late 90's, I had an XW Fairmont V8 wagon bought for 4K. Loved that car but came on hard times and sold it in 99. Kicked myself as it left the driveway. So I determined I'd find another XW Fairmont, took till 2002 working around Australia to find it, an original one with V8 and GS pack at 7K. What I loved about the GS at the time is it had the extra goodies like the dashboard, wheel, rims and stripes, but didn't attract too much attention (then!) compared to the GT which was all colours, decals and noise. Ie people didn't bother with them. Nowadays, however... Also, do you know, for a 52 year old car, it turns over more easily than any car we own! It's just so sweet.
Similarly, I liked the ED Sprint for its understated looks. Maybe that one now is beginning to look classic/valuable? Dunno.

I think the XY years and final years into 2016/7 will remembered as the two peaks of the Australian muscle car industry and will be held in high regard into the future, moreso than the model T days are regarded today (although those were important too!). If we fail to ever make cars again these eras will be extra special.

Originally Posted by Franco Cozzo

they didn't feature in any popular movies ex Hollywood either.

There has been too much violence, too much pain. None here are without sin, but I have an honorable compromise. Just walk away. Leave the pump, the oil, the gasoline, and the whole compound, and I spare your lives. Just walk away. I will give you safe passage in the wasteland. Just walk away and there will be an end to the horror. I await your answer. You have one full day to decide.

[Franco Cozzo]

Originally Posted by Sprintey

There has been too much violence, too much pain. None here are without sin, but I have an honorable compromise. Just walk away. Leave the pump, the oil, the gasoline, and the whole compound, and I spare your lives. Just walk away. I will give you safe passage in the wasteland. Just walk away and there will be an end to the horror. I await your answer. You have one full day to decide.

I have no idea what that quote is from

[Sprintey]

Hehe - it was worldwide influential and inspired much bondage gear





oh yes, and had Falcons and Monaros

[HIPO]

Originally Posted by calais

I've been watching the prices of genuine XW Fairmont V8's for a very long time.

I am still not confident I'll be able to afford what I want (grecian gold, factory 351) by the time I am 50 and still able to enjoy it. I am 35 now and long for the prices of the late 90's seeing them for under 10k in every unique cars magazine I could get my hands on.

Prices are easily north of 100K for immaculate factory V8 cars, north of 75k for clean V8 swapped cars and over 50k for even a 6 cyl beater that is still running.

Is there anyone who might like to hazard a guess as to when prices will soften enough to bring them back to a realistic classic car option? Is it a generational thing? will the early falcon stuff lose popularity as the current owners age and lose interest? Or will the values just keep rising?

I think the prices on 60-70's Aussie stuff has pretty much peaked.... can understand the attraction, but having owned a number of those popular types, i couldnt bring myself to pay whats wanted.
Way better value & scope for investment with the right choice-guess American muscle IMO. Not to mention more unique.

[Franco Cozzo]

Originally Posted by HIPO

I think the prices on 60-70's Aussie stuff has pretty much peaked.... can understand the attraction, but having owned a number of those popular types, i couldnt bring myself to pay whats wanted.
Way better value & scope for investment with the right choice-guess American muscle IMO. Not to mention more unique.

I'm very suspect on cars as 'investments' - surely shares/properties are better options than cars.

Buy an oldskool car because you like driving/owning oldskool cars, I feel trying to make money from it is a dodgy move.

[hayseed]

Originally Posted by Franco Cozzo

I'm very suspect on cars as 'investments' - surely shares/properties are better options than cars.

Buy an oldskool car because you like driving/owning oldskool cars, I feel trying to make money from it is a dodgy move.

Me Too.....

[HIPO]

Originally Posted by Franco Cozzo

I'm very suspect on cars as 'investments' - surely shares/properties are better options than cars.

Buy an oldskool car because you like driving/owning oldskool cars, I feel trying to make money from it is a dodgy move.

Did ok with my last one, 25 percent profit after 6yrs of enjoyment.
Although i didnt buy it strictly as an investment, it can be a nice bonus.

[prydey]

Originally Posted by HIPO

Did ok with my last one, 25 percent profit after 6yrs of enjoyment.
Although i didnt buy it strictly as an investment, it can be a nice bonus.

If you invested the same money in property it likely would have returned more than 25%

Cars are liabilities not assets.

[ebv8]

it will ease up a bit once international travel opens up
i'm hoping some young punk will flog his XR6t cheap so he can fund a trip to Thailand.
Once people are not prepared to pay as much, prices have to come down. may not be as cheap as they were but will be cheaper...

[DTFRMONT]

I wouldn't be surprised if anything capable of towing a caravan, or capable of a decent road trip will still command high prices even when overseas travel starts up again.

I suspect international travel won't be as free & easy as pre-covid, nearly all countries will probably require vaccination as a condition of entry & pre-trip testing might be a requirement.

The other elephant in the room is travel insurance. Wouldn't be a surprise if those over 70 or so find it difficult to obtain travel insurance, also those who are unable or unwilling to be vaccinated will most likely be unable to obtain insurance.

Also, Cruising probably won't be the cheap & cheerful holiday option it once was, with the extra measures the cruise lines will have to implement.

As a result, there'll be a large number of people who will still be restricted to holidaying locally.

[shedcoupe]

There’s price madness about.
Heard a story about a guy in regional WA with a Landcruiser on order when covid hit.
Dealer offered him $20k to cancel the order as he had customers lined up waving handfuls of cash at him.

[Sprintey]

Did a search I'd given up on doing (UZJ100 Cruisers, I just like them) as it got ridiculous last year - thought I saw ask prices coming down a bit for 200,000km cars... is it easing?

Also, travel around Oz costs have gone through the roof, so different to when I did it for work early 2000s, where it was $6 a night for caravan + family of 4 at a caravan park in some out of the way spots... No wonder the youngins are grabbing a van and just parking on the street, and monopolising beachside carparks and toilets.

[Franco Cozzo]

Land Cruisers are all absolute drug money at the moment, forget about anything sub $20K

Even the undesirable unleaded variations are big spondoolies.

Forget cryptocurrency, property and shares all you need is a fleet of ****box Land Cruisers and you're rubbing shoulders with Elon Musk and the Clintons on the next flight to Epstein Island.

Rock up to the bank and they'll roll out the red carpet, someone inside rocks up with a gold card on a silver platter with 'VIP' on it right at the end of the carpet and with your immense equity you'll be able to buy Australia 108 tower.

[Sprintey]

Yep these were asking 25s

It's enough to get young crew thinking about offroading some really rare and exotic stuff <10K prices...

https://www.youtube.com/watch?v=S-m89AWfe90

[Sprintey]

Originally Posted by Franco Cozzo

Land Cruisers are all absolute drug money at the moment, forget about anything sub $20K

Even the undesirable unleaded variations are big spondoolies.

Forget cryptocurrency, property and shares all you need is a fleet of ****box Land Cruisers and you're rubbing shoulders with Elon Musk and the Clintons on the next flight to Epstein Island.

Rock up to the bank and they'll roll out the red carpet, someone inside rocks up with a gold card on a silver platter with 'VIP' on it right at the end of the carpet and with your immense equity you'll be able to buy Australia 108 tower.

I think I've found the Young Person's Landcruiser Alternative:

https://www.youtube.com/watch?v=wFINZ6riQBo

[Yellow_Festiva]

Originally Posted by Sprintey

I think I've found the Young Person's Landcruiser Alternative:

https://www.youtube.com/watch?v=wFINZ6riQBo

That was an epic effort if ever I saw one.