Auction
Current Muscle Car Price Trends
The market for muscle cars has fluctuated for decades. They reached their first peak in 1970 when virtually every American manufacturer from AMC to Oldsmobile offered a V-8-powered coupe. Several years later, during the gas shortage, they could no longer be given away. In the 1990s and 2000s, collectors sparked buying frenzy that ultimately led…
Read MoreAn Auctioneer Tells You What’s What
“Wholesale heaven” is when automobiles end up at auctions. No dealer would buy them for the price the seller seeks at a dealer auction. People buy cars with their eyes. If you’re not mechanically savvy and have a keen eye, avoid public auctions. Before attending an auction, call its corporate office to find out who consigned the…
Read MoreMecum Auction 2022
The collector vehicle market began 2022 on a high note, with Mecum Auctions’ stunning performance at its annual New Year Kissimmee auction, which greatly increased the world record gross for a single automotive auction event to US$217 million. In 2015, RM Sotheby’s staged a three-day auction during Monterey Car Week that generated $172.9 million, including the…
Read MoreHow to Prepare for an Auction
Although you can technically attend the auction with no prior experience, doing some essential research can save you a lot of money. Given the current economic climate, not everyone can afford to walk into a car dealership and drive away in the brand new, zero-mileage ride of their dreams. Nonetheless, with errands to run and…
Read MoreStage It Well and Sell It Online
Because my friends know I have a lot of shopping experience, they all assume I know how to sell a car online. But here’s the thing: I’ve never done that. After all, I’m an appraiser, and as such, I don’t make enough money to buy any car I want. Those who can afford to do…
Read MoreModifications Influence Resale Value
Because cars are built to spec for a reason, modifications can significantly alter resale value depending on the car. The original parts fit perfectly because they were designed to do so. Engines, brakes, suspension, frame, and tires are all selected, manufactured, and tuned for specific characteristics that the manufacturer determined years in advance.…
Read MoreSave Some of The Car’s Value
The Resale Value of Your Car Car values continue to fall, and there is no way to stop them. On average, a car loses around 20% of its value as soon as it is driven off the lot. Granted, depreciation slows as time passes, but it remains an unstoppable force. There are, however, steps you…
Read MoreWhere Do I Start Car Hunting?
This is the first issue you will have to deal with. What car do I build? Most cars from the 60s & early 70s have become so scarce and expensive that it’s just not practical to search them out. If you do find something, you like, it more than likely will be a rust bucket…
Read MoreAuction Do’s and Don’ts
Here are some pointers for those new to the auction scene: Select the most appropriate auction. While internet auctions, such as those on eBay Motors, can occasionally bring up good offers, the best deals are usually found at local brick-and-mortar auctions. The vehicles are typically sold at trade-in values. As a result, instead of paying…
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