I think that the majority of people who own pre55 cars are often less 'desperate' to sell generally and sell more often due to fancying a change as opposed to having too for financial means. Due partly to the older ageband of ownership.
mrsherbie wrote:
I can't say that I really agree, tough times often hit older people just as much - if you fall on hard times the car is going to go before the house. It's the younger people that have more disposable income that are less hit, just take a walk around lakeside shopping centre at the weeked and you'll be asking if these tough economic times really exist at all.
Bus prices don't seem to be hit much, when I was looking for one a little while back it was amazing how many were getting snapped up within days of being advertised. But then there were also quite a few over-priced buses that were hanging around again and again that I wasn't interested in. I've given up now, the prospect of spending £12k for a rusty project is ridiculous. It's not that I can't afford it because I can, I'm just not prepared to.
I'm still old-school, this is a hobby not an investment opportunity. Dropping £20k on a hobby is a serious proposition for most. Plus if people take off their VW blinders and look at other marques you can get so much more for your money.
I think it's probably the Beetle's turn for a price drop, it happened with Ghias a few years back - if you wanted a nice Ghia you'd be looking at £12k-£15, now they seem to have settled around £7k-£8k. Obviously if you're in the business of selling cars you're not going to agree, but it is what I hope/believe. I think it's better for the Hobby that cars are affordable, it means people swap their cars around a bit more, which in turn makes shows more interesting.
If you're fortunate enough to be in the position of being able to choose whether or not you can keep your toys during tough economic times then be grateful of that, I'm sure many in the not too distant future will not be so lucky!!
Edited by user
13 years ago
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Reason: Not specified
Rob Amos
Happiness is a stock VW