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Gearhead

Garage

2025

musclecar

classiccars

00:00:00

The muscle car market has been crashing.

00:00:02

In fact, it's down over 10% in the last

00:00:05

two years alone. In this video, I'm

00:00:07

going to break down what's going on and

00:00:09

what the data says the future holds for

00:00:11

muscle car prices and values. And in

00:00:13

part two of this video, I'm going to

00:00:14

share with you some of the emerging

00:00:16

trends that are happening in the market

00:00:17

right now. What's hot, what might be a

00:00:20

good buy, and what might ultimately be a

00:00:22

good investment. The classic muscle car

00:00:24

market is definitely cooling, which is

00:00:26

likely due to the inflationary forces

00:00:28

our economy is suffering, as well as the

00:00:31

overall political, social, and economic

00:00:33

uncertainty going on right now. Things

00:00:35

are weird right now, so it makes sense

00:00:36

that the muscle car market would reflect

00:00:38

that. Muscle cars, like any collectible,

00:00:40

thrive when the economy is doing well

00:00:42

and people have disposable income. The

00:00:45

2008 recession sent prices plummeting,

00:00:48

as did the CO 19 pandemic. And we're

00:00:51

currently in a situation where eggs are

00:00:52

a luxury item. When people are

00:00:54

struggling to put food on the table and

00:00:56

pay their rent, they put that special

00:00:57

someday car on the back burner. We're

00:00:59

all watching Barrett Jackson and make

00:01:01

them auctions and seeing some one-off

00:01:03

sales that are extremely high. The

00:01:04

reality is that super rare cars with the

00:01:06

right engine and option packages are

00:01:09

annihilating previous high market sales.

00:01:11

Sales prices have been so high that even

00:01:13

a 1971 Hemi Cuda convertible tried to

00:01:17

sell for 4.8 8 million and didn't meet

00:01:20

the reserve. That's crazy. So, that

00:01:22

gives you and me the impression that

00:01:24

these cars are all going up in value.

00:01:26

But that's just not the case. Most of

00:01:27

these high dollar sales we're seeing on

00:01:29

these auctions are very rare, highly

00:01:31

optioned or totally restored resto mods

00:01:34

or custom builds. The reality is that

00:01:36

the perception that these cars are so

00:01:38

valuable has caused people to think

00:01:40

their car is worth so much, which has

00:01:43

been making even entry-level cars

00:01:45

seemingly unaffordable. Now, it seems

00:01:46

like the market can't continue to

00:01:48

support these inflated prices, which is

00:01:50

why there's a correction going on.

00:01:52

Surprisingly, these and these are taking

00:01:55

a big hit. According to topsp speed.com,

00:01:58

the 6970 Mustang dropped by 15 grand,

00:02:02

and the Camaro, Chevel, and GTO's also

00:02:04

dipped, which is significant because

00:02:06

these are the car models with fanatical

00:02:08

fan bases. For us gearheads and classic

00:02:10

car owners, this information is

00:02:12

alarming. Let's take a look at the

00:02:13

numbers. First off, looking at the

00:02:15

Hagerty collector car index, it's

00:02:18

definitely a bit disconcerting. We see

00:02:20

the cars went up from 2020 and then

00:02:23

since 24, they've dropped by at least

00:02:25

10%. Additionally, you see the exact

00:02:28

same numbers echoed by classic.com

00:02:31

showing the same downward trend. So,

00:02:34

what does this all mean? Should we be

00:02:35

scared? The American muscle car market

00:02:37

has been a major part of the collector

00:02:39

car market for at least 20 years. As

00:02:41

baby boomers are reaching their 70s and

00:02:43

80s, we're going to be heavily reliant

00:02:44

upon Gen Xers that grew up around these

00:02:47

cars to carry the torch. And hopefully

00:02:49

with some help from millennials that are

00:02:51

showing interest in more drivable and

00:02:52

modified classics. But cars like this,

00:02:55

this, and this, these Mopars are staying

00:02:58

strong. Despite the volatility, it looks

00:03:00

like Mopar is staying strong. Clearly,

00:03:02

they're a muscle car investment that

00:03:04

will deliver returns and seem to be

00:03:06

impervious to external market forces,

00:03:08

probably based on their low production

00:03:10

numbers in comparison to GM and Ford at

00:03:12

that time. Bodies look extremely

00:03:14

popular. The Charger has jumped a

00:03:16

whopping 60K. And not mentioned in the

00:03:19

trend table is also the Coronet, which

00:03:21

is up 15K in average auction sale prices

00:03:24

over the last 5 years. So, there is some

00:03:27

hope. As you can see, different cars

00:03:29

will have different fates. the ultra

00:03:30

rare cars will probably never lose value

00:03:32

and probably will continue to rise. The

00:03:35

way I see the market is like this. It's

00:03:37

a bit of a fishbowl analogy where we're

00:03:39

looking at a reverse bell curve where

00:03:40

you've got ultra rare, desirable, and

00:03:43

all original cars on one end. You've got

00:03:46

highly modified, custom, and really nice

00:03:48

cars on the other end. And everything

00:03:50

else tends to kind of group in the

00:03:52

middle. You got simple, nicely done

00:03:54

starting to rise over here. You got

00:03:56

rare, desirable, ultra rare over here.

00:03:59

So, the market is always going to be

00:04:00

strongest on these two corners. For the

00:04:02

more common muscle cars, the prices have

00:04:04

peaked and now they're coming down. That

00:04:06

could be a good thing because a lot of

00:04:07

people now might be able to afford

00:04:09

something nice that was previously out

00:04:10

of reach. So, it might be the right time

00:04:12

to buy something soon. These things work

00:04:15

in cycles. If cars are more affordable,

00:04:17

we're going to buy more cars. That's

00:04:18

going to increase demand and drive

00:04:20

prices back up. Chances are that classic

00:04:22

muscle cars will always be a solid

00:04:24

investment as opposed to stocks or

00:04:26

bonds. They're tangible. There's

00:04:28

something that you can use and enjoy,

00:04:30

touch and feel, which has an inherent

00:04:32

value. It all starts with buying the

00:04:34

right car. Get my free classic car

00:04:35

checklist and buyer guide linked below.

00:04:37

It'll help save you from the many

00:04:38

pitfalls of buying a classic car. This

00:04:40

brings me to part two of the video,

00:04:42

emerging trends and what's starting to

00:04:44

get hot. And what's really starting to

00:04:46

get hot right now is the C10 trucks.

00:04:48

They're like wildfire. You used to find

00:04:50

these trucks in a barn, in a yard,

00:04:53

sitting outside in some work site.

00:04:56

$10,000 or less. Now they seem to be

00:04:59

worth 20, 30, 40 grand on a bad day. You

00:05:02

see these trucks are totally getting

00:05:03

tricked out and pimped out. You see

00:05:05

these trucks exceeding $100,000.

00:05:07

SEMA builds, I mean, trucks are hot

00:05:10

right now. If you can find yourself a

00:05:12

C10 like this, a 67 to 72 C10 is really

00:05:16

where it's at. These C10s are so hot

00:05:18

right now that I've got a buddy of mine

00:05:20

that's literally making a living just by

00:05:22

taking long beds and turning them into

00:05:24

short beds. shorten the bed, shorten the

00:05:26

frame, voila, you have a SWB, what they

00:05:29

call a short wide bed, and you can have

00:05:32

a really nice C10 for not a lot of

00:05:34

money. In fact, what's cool about that

00:05:35

is a lot of guys are leaving these

00:05:37

things patinaed. So, if you find one

00:05:39

sitting somewhere, you don't have to

00:05:40

invest all this money in a paint job.

00:05:42

It's actually just as cool to have one

00:05:44

in patina. So, if you can find a Chevy

00:05:46

truck, some of you guys that live out in

00:05:48

the middle of nowhere, if you will, in

00:05:50

the sticks, if you can find these

00:05:51

trucks, you might be able to make some

00:05:53

money because everybody everywhere is

00:05:55

looking for C10s right now. It's not

00:05:57

just the early C10s that are getting

00:05:58

hot. All of these square bodies, these

00:06:00

73 up into the 80s are also hot right

00:06:03

now. So, if you can pick up a truck like

00:06:05

this or anything in the 80s and 90s all

00:06:07

the way up to the OBS and what they call

00:06:09

the new body style. So, all the trucks

00:06:11

right now are hot. So, don't get me

00:06:12

wrong, it's not just the Chevy trucks.

00:06:14

It's the Fords, the Dodge, the

00:06:16

Studebakers. Every type of truck right

00:06:18

now is worth the investment. There's

00:06:20

never been a higher demand for trucks,

00:06:22

and you can see why. They're just so

00:06:24

cool. They're classic styling. Nothing

00:06:26

like driving down the road in a truck.

00:06:28

It seems like even if I'm in a really

00:06:29

nice muscle car, when I'm in a truck, I

00:06:31

get the most thumbs up. As prices get so

00:06:34

high for all these other traditional

00:06:35

muscle cars that I'm used to seeing,

00:06:37

we're really starting to see a lot of

00:06:39

these 80s type '90s type muscle cars

00:06:41

coming back into popularity right now. I

00:06:44

think it's because everything's so

00:06:45

expensive and you want to get something

00:06:46

that you can afford. You want to get

00:06:48

yourself in the game. What you're

00:06:50

starting to see is a lot of interest in

00:06:52

these Monte Carlos, the Grand Nationals

00:06:54

as popularized by Kendrick Lamar's uh

00:06:57

famous halftime show at the Super Bowl

00:06:59

this year. and anything that Gen X and

00:07:03

millennials grew up around. So, people

00:07:05

like what they grew up around, what they

00:07:06

saw. And so, that's why you're starting

00:07:08

to see a lot of these types of cars

00:07:10

getting hot. If you can find something

00:07:12

that's a reasonable deal, and it makes

00:07:15

you excited, get in the game, get

00:07:17

yourself a muscle car or a classic.

00:07:19

They're so fun to cruise around in. Even

00:07:21

though we say the economy is weird right

00:07:23

now, there's always a place in our

00:07:25

hearts for a classic car. something like

00:07:27

this, a convertible. You can never go

00:07:29

wrong with a classic convertible in

00:07:30

terms of investment. Also, you're seeing

00:07:33

these big body cars are getting really

00:07:34

popular. The 67 Catalina right now we're

00:07:37

doing for a full restoration wasn't a

00:07:39

car we would normally have done years

00:07:41

ago, but right now convertibles, big

00:07:43

cars, four-doors, wagons, whatever it

00:07:46

is, everything seems to be actually

00:07:48

doing quite well. I know the doom and

00:07:51

gloom of the market says that cars are

00:07:53

going down, but most of them are going

00:07:55

up. I'm just talking about specifically

00:07:57

some of the investment grade cars are

00:07:59

moving around so you can follow the data

00:08:01

and see where they're at. But I think in

00:08:03

the long run, classic cars are always a

00:08:05

good investment because you can use

00:08:07

them, you can enjoy them, and nothing

00:08:09

beats

Description:

FREE Classic Car Inspection Checklist here: "https://gearheadgarage.systeme.io/guide?video=lEgbmLjJgck%22 Inform Yourself Before You Buy With My Classic Car Buyers Toolkit - "https://gearheadgarage.systeme.io/toolkit%22 For the past 2 years, Classic Car prices have been crashing – they’re down over 10%. In this video, I’m going to break down what is going on and share some predictions for future values. And in part 2 of the video, I am going to tell you about the emerging trends in the classic car market place in terms of what might be a good investment based on what types of classic cars are getting hot – so stay tuned for that!

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