{"id":80259,"date":"2020-07-17T07:53:23","date_gmt":"2020-07-17T11:53:23","guid":{"rendered":"http:\/\/www.owegopennysaver.com\/PS\/?p=80259"},"modified":"2020-07-17T08:30:19","modified_gmt":"2020-07-17T12:30:19","slug":"collector-car-corner-classic-car-values-and-the-drive-in-movie-revival","status":"publish","type":"post","link":"http:\/\/www.owegopennysaver.com\/PS\/2020\/07\/17\/collector-car-corner-classic-car-values-and-the-drive-in-movie-revival\/","title":{"rendered":"Collector Car Corner – Classic car values and the drive-in movie revival"},"content":{"rendered":"

Q: Greg, I\u2019m wondering how the collector car values are holding up during this COVID-19 pandemic? Also, I\u2019ve seen a few articles about Drive-In Movies making a big comeback. Can you comment? I enjoy your articles on Seacoast Online. Clare E., Portsmouth, New Hampshire.<\/p>\n

A: Clare, I\u2019m somewhat surprised by how well the collector car market has performed under the economic conditions we are experiencing. Especially impressive is how collector cars, wagons and trucks are distancing themselves from following the gyrating stock market as for pricing trends. In the past, when stock market prices tumbled so did the prices a collector cars. <\/p>\n

\"Collector<\/a>

If you can\u2019t afford a $500,000 Corvette L88, you can still have fun at car shows with a 1979 AMC Concord in the price range of around $4,000. (Compliments former AMC)<\/p><\/div>\n

Specifically, since this past February, the Dow Jones Industrials stock market has gone down a total of 8,000 points to 18,213 and has since rebounded to 25,827 of its 29,000-plus, 52 week high as of July 2.<\/p>\n

Then again, we could have a big market crash if our recent re-opening of businesses has to be shuttered again with another COVID-19 outbreak and shutdown. In my opinion, even though COVID may spread a second time, the actual death rate remains very low. <\/p>\n

\"Collector<\/a>

The car collector hobby is very strong and prices remain steady to improving for certain vehicles. A 1967 Corvette L88 can bring an easy $500,000 and more at auctions like Mecum and Barrett-Jackson. (Compliments Mecum Auctions)<\/p><\/div>\n

During this troubling time of stock market ups and downs, the collector car market has not only shown price stability, many vehicles have gone up in value, especially pickup trucks, station wagons and 1960 to early 1970 muscle cars. <\/p>\n

This means that both collectors who buy a vehicle for investment purposes and those who buy for \u201clove of the hobby\u201d are gladly paying more for vehicles. Be it a pristine $500,000 \u201967 Corvette L88 or a \u201969 Mustang Shelby GT 500 for $275,000 all the way down to a hobby level, decent but not perfect condition $4,500 1974 AMC Hornet X, things are good at the major auctions.<\/p>\n

So, to sum up the strength of the collector car hobby, I\u2019m impressed because it hasn\u2019t experienced a big drop at any point since January. Further, there seems to be a lot of interest from both professional car investors to people like me, who owns a \u201cHobby entry level\u201d 1980 AMC Concord DL that has appreciated about $1,350 to $3,350 since I bought it for $2,000 delivered five years ago. <\/p>\n

\"Collector<\/a>

This 1967 Ford Shelby GT 500 brought $275,000 at a recent Barrett-Jackson auction. In the past, when stock markets dropped, so did prices of collector cars. Currently the stock market is unstable, yet car prices at auctions have many times increased. (Compliments Barrett-Jackson)<\/p><\/div>\n

Now, on to the drive-in movies where just last week Walmart announced it will use parts of 160 of their store parking lots for Drive-In Movie showings starting soon. <\/p>\n

And, thanks to Volkswagen public relations, I received a timely press release that dealt with the renaissance of Drive-In Movies, which is one of the few Covid-19 businesses showing upward trends, as most indoor movie chains remain closed.<\/p>\n

Volkswagen interviewed Jim Kopp, owner of The Family Drive-In Theater in Stephens City, Va., which has been in business since 1956. Of note is the very first drive-in movie establishment the opened in Camden, N.J. in 1933.<\/p>\n

\"Collector<\/a>

If you check the cars in this recent Drive-In Movie photo, you\u2019ll see they are all modern day and packed to the hilt. (Compliments Motor1.com)<\/p><\/div>\n

\u201cWe\u2019ve seen a resurgence in interest across the country. Our shows are selling out every night. It\u2019s the best market I have ever seen in all my years in business,\u201d says Kopp.<\/p>\n

Though there aren\u2019t many left in the U.S. \u2014 about 330 still exist compared to over 5,400 multiplexes \u2014 they\u2019ve been bright spots of entertainment, comfort and nostalgia at this difficult time.<\/p>\n

\u201cWe\u2019ve heard from a lot of folks that they didn\u2019t even realize drive-in theaters still existed [before the pandemic],\u201d Kopp said.<\/p>\n

\"Collector<\/a>

If you can\u2019t afford a $500,000 Corvette L88, you can still have fun at car shows with a 1979 AMC Concord in the price range of around $4,000. (Compliments former AMC)<\/p><\/div>\n

Volkswagen noted that The Family Drive-in Theatre reopened with an abundance of caution to help protect their patrons. Kopp\u2019s moviegoers must wear facemasks outside and maintain a proper social distance from fellow guests and their cars. <\/p>\n

\u201cFolks want to come, have fun and feel safe in their automobiles all while maintaining proper social distancing,\u201d says Kopp. \u201cOur lifestyle has been so disrupted [by the pandemic] and our theaters provide a chance for people to return to normalcy.\u201d<\/p>\n

Volkswagen asked Kopp for 10 tips on how to make your next (or first) drive-in movie experience a success:<\/p>\n

1. Secure tickets in advance<\/b>: Most drive-in ticket sales have moved online, so be sure to scope out the best show times online and purchase your ticket ahead of the show. \u201cIt\u2019s automatic insurance that you\u2019re going to get in,\u201d says Kopp.<\/p>\n

2. Arrive early<\/b>: Demand is high, especially during the summer, so Kopp suggests moviegoers arrive at least an hour early to secure a spot near the front of the screen. If you\u2019re looking to beat the crowds and avoid parking hassles, you may want to consider a weekday screening.<\/p>\n

3. Pack toys and games<\/b>: After arriving early, you\u2019ll have some time to kill before the film starts. Be sure to pack some light entertainment, such as a book or card game, for you and the kids.<\/p>\n

4. Dress comfortably<\/b>: Consider wearing cozy clothes, such as shorts and leggings, and extra layers to stay warm and relaxed. Kids can always wear their pajamas to the show, which makes it convenient for parents when putting them to bed after a late screening.<\/p>\n

5. Bring bug repellent:<\/b> Most drive-in movie theaters are in or around wooded areas, which means bugs (in summer). Unless you enjoy swatting them all night, pack some spray. <\/p>\n

6. Pack a portable radio and extra batteries<\/b>: While The Family Drive-In has speakers located throughout the pavilion, the noise of fellow guests can carry over and Kopp suggests packing a small AM\/FM radio to make sure you capture every bit of dialog.<\/p>\n

7. Bring pillows and blankets<\/b>: One of the biggest perks of drive-ins is sitting outside underneath the stars. To make the experience cozier, put down the back rows of your parked VW Atlas or Tiguan and open the trunk towards the screen.<\/p>\n

8. Order from the concession stand: <\/b>Drive-ins typically make most of their money from concession stands. Kopp doesn\u2019t accept a salary and puts all the theater profits back into his business. An exception to the rule is to purchase a food permit, which typically ranges from $5-$10. It allows you to bring in food from outside while helping the drive-in owners offset the loss of revenue.<\/p>\n

9. Put away your cell phone: <\/b>Refrain from any cell phone use during the show (unless ordering from the concession stand). It can be disturbing to guests and distracts from the experience.<\/p>\n

10. Prepare to have a good time: <\/b>\u201cSit down, relax and enjoy the show,\u201d Kopp says.<\/p>\n

There you have it Clare. The collector car market is steady and growing while the Drive-In Movie industry is showing a major resurgence. Thanks for your letter and thanks also Volkswagen for Mr. Kopp\u2019s excellent recommendations. <\/p>\n

(Greg Zyla is a syndicated weekly auto writer who welcomes reader questions and comments on the collector car hobby, auto nostalgia and motorsports at greg@gregzyla.com<\/a> or at 303 Roosevelt St., Sayre, Pa. 18840)<\/p>\n","protected":false},"excerpt":{"rendered":"

Q: Greg, I\u2019m wondering how the collector car values are holding up during this COVID-19 pandemic? 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