Joe in Canada

How bad is the collector market getting

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How bad is the collector market getting that some sellers seem to have given up trying to sell their car. As this fellow gave up trying to sell his Dodge Charger. Makes you think how things will be 40 years from now and thinking you may see Model T in the scrap yard again after a 100 year absence.

https://driving.ca/dodge/charger/auto-news/news/man-tired-of-being-low-balled-by-buyers-crushes-classic-dodge-charger

 

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I think the seller's actions are a little extreme. However, I can understand the frustration of trying to sell. There seems to be no end the idiotic, disrespectful people who contact you as a seller. People who low ball you with a text before they have even seen the car.  Then there are those who set a date to meet and don't bother showing up or updating you. Then the idiots you told to "go away and leave you alone" come back to harass again with another text. Taunting you again with condescending remarks. We haven't even touched on the the scammers who work off-shore on an oil rig and want to buy your car.

 

Buying is easy....Selling is not for the faint of heart.

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Very good topic Joe.

I too wonder if a lot of our Antique cars will be in the Scrap Yard in the future with the interest in the hobby dropping off.

I know a senior fellow with three grown up sons and not one of them has an interest in his 1938 Ford Truck. So where will the truck go when he is gone ?

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Could not post the You tube video. Too many f bombs..

 

It is under MoparRapidTransit ..

 

 

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He showed them that he wouldn't take less than he thought the car was worth by destroying the car so it was worthless.   Um, okay.

 

As the old saying goes, "Don't cut off your nose to spite your face." 

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The owner sounds like a very temperamental sort.

As a child, if the others didn't play the way he wanted,

he probably took his ball and went home.

 

Don't worry:  The car market isn't that bad.

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Not to justify that what he did was right in any way, but think of how many nice vintage cars Hollywood destroys making a B-grade or less movie.

 

Craig

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Last time I checked, the value of everything is based on supply and demand. Just because one thinks his car, house, watch, or any other asset is worth XXX dollars doesn’t make it so. Any tangible object has a market price that it will sell at, often times the seller doesn’t have a realistic number. This isn’t a car market issue.........it’s a seller with a temper tantrum. What’s the car worth......I have no idea, as post war cars are of no interest to me. If he gave it to me I would have refused. I’m sure there are many people out there that would have gladly purchased it. The guy is an idiot........in the literal sense of the word.

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I can certainly understand his frustration with all the BS buyers dump out there sometimes.

 

Myself, I wouldn't have crushed it. These days I find its just easier to put the car/boat/trinket/etc in the barn and let it sit than to try and wring a few bucks out of some perspective buyer that shows up and points out every flaw in their eye and then offers you peanuts. It works for me, makes me less irritable.

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It's incredibly easy to sell a car if you really want to.  Many consignment dealers will come take it off your hands and gladly sell it for you.  If a car is not selling, it is always because of 2 things, the owner or the price.  Either the price is too high, or the seller is unreasonable and difficult to deal with.

Edited by 39BuickEight (see edit history)
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It's not about the money. It's about dealing with the "public". In a recent post I said rather than sell my unwanted stuff, car and otherwise, I usually just give it away or scrap it. That goes for car parts, campers, lawn mowers, chain saws, tools... you name it. All in decent working order.

This guys approach is the same. It's just a matter of scale and level of frustration...............Bob

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I was a Real Estate Broker for 35 years        the value of homes or any thing else is    WHAT A BUYER WILL PAY IN A REASONABLE TIME  in real Estate it is ----location, cost of money, and which style is hot    all continuisly change     years ago popcorn ceilings were in vogue    now it is considered ugly        some of my sellers told me they would burn down their house rather that   GIVE IT AWAY !!!   same with cars   there is a new generation buying cars and as in realestate the buyer establises the value    I have two cars of the early 30s   did not pay allot and did the  restoration my self  and got enjoyment and experience   what ever it is worth to a buyer    so be it     I would not crush it because some buyers don't agree with my feeling about value

PA Plymouth.jpg

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This has nothing to do with "the market." It's a guy being frustrated with the crap that routinely goes on in the hobby, most of which is related to the participants thinking it should also be profitable for everyone involved. I totally get it.

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It may have been in 1975 that I was told to get interested in the "cars of my youth". Never happened, never looked in the show rooms, never noticed them on the road, NO INTEREST. Brass cars, Model T & A Fords race cars are the things I enjoy in the hobby, NOT the parking lot stuff. Never got to the level of flipping cars, but EVERY Pre WWII part I bought at Hershey this year sold in two weeks. MY HOBBY is doing fine. Bob 

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Just thinking that if he could not even get $5k for a 70 Charger there must have been something very rong with either the car, location, title, or the presentation

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Well at least he made all the other Chargers just a little more rare and valuable. 

 

This is why you should never buy a car you do not like. 

Edited by Brass is Best (see edit history)
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Why not just donate it instead of destroying it ?

 

 

 

because crushing it gave him satisfaction.  there are many many aspects to this hobby................

 

LOL!

 

I dont blame him at all, but not something I would have done either.

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1 hour ago, Bhigdog said:

It's not about the money. It's about dealing with the "public". In a recent post I said rather than sell my unwanted stuff, car and otherwise, I usually just give it away or scrap it. That goes for car parts, campers, lawn mowers, chain saws, tools... you name it. All in decent working order.

This guys approach is the same. It's just a matter of scale and level of frustration...............Bob

 

As I type this I am emptying my house for sale........instead of having a tag sale with hundreds of people looking through my life’s accumulated stuff.....I have been giving it all away. It will help my family, friends, and neighbors in need. I keep my privacy, my sanity, and don’t take the beat down of things I cherish and place great value on finding out no one wants them or places value on them. This week I have tossed out 80 percent of the sentimental things in my life .........into the trash, and am paying to get rid of them. I knew it would be this way.......but it isn’t easy. Such is life.........

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Cars are cars, the market is what it is and new, used, or classic, only the people who live by it everyday have any idea what's hot, what's not and what's worth what. There are buyers, shoppers, dreamers and tire kickers. If you expect to make a dime selling a car you better own it right and if you have any emotional attachment to the car, you also need to be pretty thick skinned as there are a lot more shoppers, dreamers and tire kickers than there are buyers.

 

40 minutes ago, padgett said:

if he could not even get $5k for a 70 Charger there must have been something very rong with either the car, location, title, or the presentation

1 hour ago, Matt Harwood said:

It's a guy being frustrated with the crap that routinely goes on in the hobby

 

 

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It's always been this way.  Buy high, sell low, or just keep it.   But boy, have I had fun with old cars.

I had a guy hunt me down to talk about my un-restored 35 Ford pickup, which is not for sale.   We talked values and agreed

on it's value.

He couldn't understand why I wouldn't sell it to him if we agreed in it's value.  I told him if it was for sale I would, but it's not

for sale.   As I told him, I'd rather have the truck than the money.  

Then I got it out and drove to a hit & miss engine show.  Still not for sale.

Someday I may regret not taking his money, but now I still enjoy my truck.

 

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30 minutes ago, edinmass said:

 

As I type this I am emptying my house for sale........instead of having a tag sale with hundreds of people looking through my life’s accumulated stuff.....I have been giving it all away. It will help my family, friends, and neighbors in need. I keep my privacy, my sanity, and don’t take the beat down of things I cherish and place great value on finding out no one wants them or places value on them. This week I have tossed out 80 percent of the sentimental things in my life .........into the trash, and am paying to get rid of them. I knew it would be this way.......but it isn’t easy. Such is life.........

I'll never move, but have thought of selling off the unneeded things that seam to be every were, putting all the parts and related things for each project on one place is another thing I need to concentrate on. Basement & garage have to have two car spaces worth of unwanted stuff. Bob 

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$10,000 dollar purchase price. $20,000 dollars needed for paint. $6,000 dollars spent on interior. Seven years spent finding shops to finish project. $45,000 spent on therapy. Crushing a $5,000 dollar nightmare............ Priceless. For everything else, there is master card. :lol:

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