{"id":75746,"date":"2019-10-23T06:32:29","date_gmt":"2019-10-23T10:32:29","guid":{"rendered":"http:\/\/www.owegopennysaver.com\/PS\/?p=75746"},"modified":"2019-10-23T06:32:37","modified_gmt":"2019-10-23T10:32:37","slug":"collector-car-corner-collector-cars-as-an-investment-you-may-want-to-think-twice","status":"publish","type":"post","link":"http:\/\/www.owegopennysaver.com\/PS\/2019\/10\/23\/collector-car-corner-collector-cars-as-an-investment-you-may-want-to-think-twice\/","title":{"rendered":"Collector Car Corner – Collector cars as an investment; you may want to think twice"},"content":{"rendered":"\n

Following recent columns on expensive, $250,000 plus collector cars and talking with collector car owners at car shows, I\u2019ve been asked numerous questions pertaining to the collector car market, and specifically if these high end vehicles are still a good place to invest as a long term investment play. One reader asked if individual investors who are not necessarily interested in cars should invest their money in collector cars with a degree of safety and hopes of making a profit in the future.<\/p>\n\n\n\n

Years ago, my quick answer would be yes. But today, I\u2019m not so sure.<\/p>\n\n\n\n

The words \u201cinvesting in collector cars\u201d will surely include any and all risk and reward scenarios, much like investing in the stock market. Thus, when someone invests with sole intentions of enhancing a portfolio\u2019s value, be it a collection of cars, gold coins, stocks, or whatever, there is always the possibility of loss based on future economic and\/or political considerations. Usually, when the stock market goes up, the value of collector cars go up and when the market falls, collector car values usually soften in unison.<\/p>\n\n\n\n

\"Collector
Another excellent example of the beauty of the cars from the 1950s is the 1956 Chrysler 300, a top seller that year and built as a performance\/luxury hardtop. (Photo compliments Mecum Auctions)<\/figcaption><\/figure><\/div>\n\n\n\n

However, things are different nowadays as we are now in an uncharted era whereas an investment in a top end collector car might not turn out too well in the years ahead, regardless of market conditions.  <\/p>\n\n\n\n

There are two areas of concern in today\u2019s collector car market that worry me. First and foremost is the younger generation, followed second by current political ideology where \u201cgreen\u201d leanings aren\u2019t very conducive to anything that might throw carbon end- products out of an exhaust pipe. Sadly, and even though I and millions of others look at antique cars as both an art form and an enjoyable hobby, there are those out there that would like to see all older cars crushed and off the roads. <\/p>\n\n\n\n

But most pressing is the younger generations, which have grown up with less of an appreciation of the car.  I understand it\u2019s certainly not the fault of these younger individuals, who can\u2019t relate to owning a 1965 GTO with a 389 V8 and a 4-speed. These new generations go from point A to Point B in their autonomous driving modern electric car or little 4-cylinder subcompacts as means of transportation.  <\/p>\n\n\n\n

\"Collector
The 1970 Buick GSX is one of the top performance muscle cars ever produced and attracts much interest at auctions and when listed for sale by private owners. Rare in numbers, it boasts a 455 cubic inch V8 with a torque rating of 510 lb. ft. Will Generation Z one day look to this car as an investment? (Ad compliments General Motors)<\/figcaption><\/figure><\/div>\n\n\n\n

For the younger set, creating a meaningful \u201clove of automobile\u201d identity just isn\u2019t happening. They all lack the \u201ccruising the avenue\u201d memories that became a rite of passage from adolescent to teen to young adult in the lives of the current flock of senior citizen collector car owners.  <\/p>\n\n\n\n

Most important, no one is to blame for this situation other than the passage of time. The prospect of a car-loving post baby-boomer generation that not only loves cars but will have enough money to \u201cinvest\u201d in them is pretty much wishful thinking. From Millennial to Generation Z, I just don\u2019t see many youngsters coming along to keep the hobby as hot as it is right now.<\/p>\n\n\n\n

And hot it is. <\/p>\n\n\n\n

Most baby-boomers have money to spend thanks to paid off mortgages, fully ripened 401Ks, company pensions and social security. Add it all up, and the car hobby (along with all the others like boating, camping, motor homes, traveling, coin collecting, etc.) is right now pretty darn good thanks to the boomers. <\/p>\n\n\n\n

Further, even though I feel the $250,000 426 Hemi GTX that we featured recently is safe as an investment for a decade or more, there will come a day when the average condition collector car sitting in so many garages just won\u2019t be as valuable as they once were. And my reasoning counters the usual and long accepted \u201csupply and demand\u201d theories on price movement. Currently, the pristine collector cars supply is low while demand is high, resulting in high prices.  As for average condition collector cars, I\u2019d opine that the supply is still good while the demand is very good, also resulting in higher prices.<\/p>\n\n\n\n

However, 15 years down the road when many of us old-timer boomers are gone, I just don\u2019t see the demand from the younger generations for collector cars.  The supply will still be good, but when the next gens don\u2019t show much interest, that great looking 1966 Chevelle SS396 in average to decent condition isn\u2019t going to fetch $20 to $25K any longer.  <\/p>\n\n\n\n

This is a tough column to write, because I\u2019m a car lover since my age of understanding (according to my loving, late mom) and I want to see the hobby flourish. And in defense of the hobby\/business, there are few cars as beautiful as the heavily chromed, Harley Earl designed, 1953 Buick Skylark convertible, 1956 Chrysler 300 or a gorgeous 1970 Buick GSX 455 when it comes to art form, beauty and performance. (See photos). <\/p>\n\n\n\n

 It\u2019s easy to say \u201cbring your younger generation grandson or granddaughter to the next car show,\u201d to help grow the hobby, but from what I\u2019ve seen from the generations right behind the baby boomers and beyond, most keep looking at their phones instead of the cars. The main ingredient, not surprisingly, is interest or lack thereof and right now, the smart phones are winning. <\/p>\n\n\n\n

 Here\u2019s hoping when us baby boomers are gone, something happens to spur new interest in a hobby that takes up a good part of my day. I also thank the good Lord every day for all his blessings, and also that I\u2019ve been able to enjoy the car hobby as much as I have in my lifetime. <\/p>\n\n\n\n

And I feel deep inside the man upstairs really likes cars.<\/p>\n\n\n\n

(Greg Zyla is a syndicated auto columnist. He welcomes reader questions on collector cars, auto nostalgia and motorsports at greg@gregzyla.com<\/a>\u00a0or at 303 Roosevelt St., Sayre, Pa. 18840.)<\/p>\n","protected":false},"excerpt":{"rendered":"

Following recent columns on expensive, $250,000 plus collector cars and talking with collector car owners at car shows, I\u2019ve been asked numerous questions pertaining to…<\/p>\n","protected":false},"author":5,"featured_media":75747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-75746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorial"],"yoast_head":"\nCollector Car Corner - Collector cars as an investment; you may want to think twice - Owego Pennysaver Press<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.owegopennysaver.com\/PS\/2019\/10\/23\/collector-car-corner-collector-cars-as-an-investment-you-may-want-to-think-twice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Collector Car Corner - Collector cars as an investment; you may want to think twice - Owego Pennysaver Press\" \/>\n<meta property=\"og:description\" content=\"Following recent columns on expensive, $250,000 plus collector cars and talking with collector car owners at car shows, I\u2019ve been asked numerous questions pertaining to...\" \/>\n<meta property=\"og:url\" content=\"http:\/\/www.owegopennysaver.com\/PS\/2019\/10\/23\/collector-car-corner-collector-cars-as-an-investment-you-may-want-to-think-twice\/\" \/>\n<meta property=\"og:site_name\" content=\"Owego Pennysaver Press\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/The-Owego-Pennysaver-49179420591\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-23T10:32:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-23T10:32:37+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.greenstreetdata.com\/PS\/owego\/files\/2019\/10\/Car_Collector1-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"960\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"psadvert\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"psadvert\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\/\/www.owegopennysaver.com\/PS\/2019\/10\/23\/collector-car-corner-collector-cars-as-an-investment-you-may-want-to-think-twice\/\",\"url\":\"http:\/\/www.owegopennysaver.com\/PS\/2019\/10\/23\/collector-car-corner-collector-cars-as-an-investment-you-may-want-to-think-twice\/\",\"name\":\"Collector Car Corner - Collector cars as an investment; you may want to think twice - Owego Pennysaver Press\",\"isPartOf\":{\"@id\":\"http:\/\/www.owegopennysaver.com\/PS\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\/\/www.owegopennysaver.com\/PS\/2019\/10\/23\/collector-car-corner-collector-cars-as-an-investment-you-may-want-to-think-twice\/#primaryimage\"},\"image\":{\"@id\":\"http:\/\/www.owegopennysaver.com\/PS\/2019\/10\/23\/collector-car-corner-collector-cars-as-an-investment-you-may-want-to-think-twice\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.greenstreetdata.com\/PS\/owego\/files\/2019\/10\/Car_Collector1-2.jpg\",\"datePublished\":\"2019-10-23T10:32:29+00:00\",\"dateModified\":\"2019-10-23T10:32:37+00:00\",\"author\":{\"@id\":\"http:\/\/www.owegopennysaver.com\/PS\/#\/schema\/person\/e03684194434956dfb61f5ffcbc19492\"},\"breadcrumb\":{\"@id\":\"http:\/\/www.owegopennysaver.com\/PS\/2019\/10\/23\/collector-car-corner-collector-cars-as-an-investment-you-may-want-to-think-twice\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/www.owegopennysaver.com\/PS\/2019\/10\/23\/collector-car-corner-collector-cars-as-an-investment-you-may-want-to-think-twice\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\/\/www.owegopennysaver.com\/PS\/2019\/10\/23\/collector-car-corner-collector-cars-as-an-investment-you-may-want-to-think-twice\/#primaryimage\",\"url\":\"http:\/\/www.greenstreetdata.com\/PS\/owego\/files\/2019\/10\/Car_Collector1-2.jpg\",\"contentUrl\":\"http:\/\/www.greenstreetdata.com\/PS\/owego\/files\/2019\/10\/Car_Collector1-2.jpg\",\"width\":1280,\"height\":960,\"caption\":\"This 1953 Buick Skylark convertible is a prime example of a pristine collector car designed by General Motors\u2019 top designer Harley J. 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