I think we agree. Do you think the market will come back? Because I think it will, but in a new way.
Well, first off, I think we're going to have a 2nd great depression soon, and just about everything will go down in price, I sold my toys at what I figured was the top, over the last 2 years, I'll buy equipment and a home when prices fall, then buy up any toys I may want.
Aside from my speculation, there's trends.
After 2008 crash, cars got pushed hard on subprime borrowers, in 2007, everybody got a house, I 2017 everybody got a brand new quad cab truck or sports package sedan, and rented a house with their friends.
Car prices got jacked up, this also made a mini boom in people restoring junk nobody wanted, if a new base v6 f150 is 32k, people start putting $700 paint jobs on 87 rangers that we were crushing 5 years earlier
now everybody has cars out the wazoo, and now we have 20% unemployment and a shit ton of people working from home, we have a huge supply of cars all the way from brand new cars down to the $500 beater that a teenager would buy, but there's no job for him right now, so those go no bid too.
so the collector cars get turned out, nobody turns in the Denali and starts driving the K5 again, they dump that to buy time, they swore they'd never sell, but they fold when the first pink letter comes.
the collector cars don't get the interest because buyers are scared, or waiting for a better deal. The collector cars don't get the interest, because, like bare land vs house, in a hot market, you add value by improving, in a buyers market, it's cheaper to just buy a completed one.
Now you've got regular guys, I want something cool, 67 cougar, 78-79 bronco, 67-79 ford crew cab, 99 2 door tahoe, etc
when those 2017 f150s and f250s with air conditioned seats start dropping like rocks, I'm going to have a hard time not stepping up my daily driver or tow rig, I think there's a lot of guys in the same boat
I've seen some trends thru the last crash, prior to it, all the sales reps drove crew cab 4wd diesels, usually with leveling kit, wheels and tires and exhaust.
that was also a pretty universal status symbol around here
afterwards, all the sales reps drove new half ton crew cabs, nice clean and new, but it was a distinct change
If you follow the "what tow rig to buy" threads, you'll hear a lot of guys bragging about how their 2008-2013 diesel truck held its value. Well, they couldn't sell them then, and they were 30-35k new, then the bankers printed a fuckton of money and handed out auto loans like candy and ran 2018 Fidel crew cabs up to 70k, so if your 2011 isn't hammered, it is still worth as many paper dollars as it was in 2011, just the paper dollars are worth half as much.
Also on collector cars, there's a trend that follows age, 80s cars are popular, before that it was 70s cars, before 60s, 50s, guys get middle age, get some money together and have the desire and means to relive their youth, or have the car they wanted,
so Action, what's your thoughts?