The Collectible Enthusiast Car Market is Out of Control! [Doug DeMuro]

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Tune in to the latest market report. Do you buy? Do you sell? Do you hold? Can you short a car? What about the Lambos and the aircooled Porsches? Vipers !!! What is going on the planet of autos? Doug offers you insight into what has actually been happening recently.

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DOUGSCORE CHART:.

CHAPTERS:.
00:00 CARS & BIDS!!!
00:13 Intro.
01:28 Costs Have Actually Flattened Out and Began to Lower (Mostly).
02:12 Noticeable Drops In This Porsche Sector.
03:02 BMW Becoming More Accessible.
03:21 The Dodge Supercar Becoming More Budget-friendly.
04:00 The Marketplace Has Stunned Me.
05:15 I Guessed Wrong About This Porsche.
07:10 A Couple Of Other Respectable Mentions.
08:41 This Car Segment is Still RISING!
10:30 A Couple Lamborghinis That Are Becoming Unaffordable.
12:30 Final Thoughts.

#dougdemuro #cars.

The Collectible Enthusiast Car Market is Out of Control! [Doug DeMuro]

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About the Author: RareCars

67 Comments

  1. Doug’s the kinda guy to buy 5 copies of the July 10, 2023 Wall Street Journal (and have them sitting behind him in a video…) because there’s an article about him on page A13.

  2. It makes sense that late 90’s and early-mid 2000’s cars are becoming more valuable. Those are the last pure and raw cars b4 all the dual clutch and high tech stuff.

    Cant imagine the price of a Murcielago in the next 10 years.

    1. It’ll be interesting to see what the prices of lotus Elise/ Exiges do too. I doubt a car will ever be made like that again

    2. ​@Diltdthey’re not dual clutch. They’re eGear/F1/SMG. Eg, an automated sequential manual transmission. Very different.

    3. also peak reliability, modern electronics replacing complex mechanical stuff but before emissions started increasing complexity again

  3. Talking about young people watching their dream cars get out of their price ranges and that motivating them to buy really speaks to me – just on a much smaller scale. After watching the market for the better part of 10 years and having a few slip through my grasp, I finally got my dream car last month… a 1992 Subaru SVX. Interesting to hear Doug’s take on the market, especially everything that’s far out of reach already for little old me!

    1. @GT Big Dog believe me, I know – mine’s already been rebuilt, but when it dies again it’s getting a stick in its place!

    2. Same I picked up a very nice example of an E46 M3 two weeks ago. Just wanted to get my foot in the door before they shoot up too much.

      I don’t really care whether they go up or down in value, I just wanted to make sure I got one while I could get one before prices get unreasonable.

  4. Car collecting is so annoying. Affordable performance and budget fun is becoming more and more rare these days. There used to be serious stocks of serious performance cars like the Viper and Elise that you could find in the 30s, even Alfa 4Cs were trading in the high 30s a few years ago. Now, serious performance is hiding in the high 40s and slowly getting out of reach for most normal people.

    Of course there are exceptions, but if you want something more special than a miata, C4 corvette, or foxbody mustang – options are becoming extremely limited.

    1. What we’ve been seeing is greed more than anything. Prices do go up normally as a demographic starts buying up what they like, but a lot of the people who have gotten into collecting cars are only in it for the speculation on values. Not the enjoyment of the cars.

      But Ive found that if you want to get a nice classic, look older and in a much older era. You can get a damn nice car from the 70s, 60s, 50s, on back for not a stupid amount of money. I also follow some guys who are in their late 20 and their early-mid 30s who buy classics, fix them and drive them like a brand new car.

    2. Yup its really really sad for someone like me who’s 25 and prioritized buying a home before a cool car. And now that l have disposable income all the cars l want are out of my budget, when 5+ years ago they could be had for next to nothing. Stuff like 240sx, S2000s, chevy C10s, even just an early 90s Tacoma. I restore cars for a living and l can barely afford a project because even those are no longer $500 buys

  5. Doug, what are your thoughts on a high mileage Ram 1500, with a worn seat bolster? Should I hold on to this and see if prices will get into the 6 figures?

  6. Auction sites like Bring a Trailer have certainly brought greater attention to the collectible market and, with it, higher prices. To some extent, BAT has become a playground for a segment of the population that has excess disposable income and can play this game with a willingness to pay a higher price. Makes it more difficult for the rest of us. I also think that a lot of people, like myself, have become more interested in the “analog” vehicles of 30-50 years ago, partially as blowback for the complex vehicles we drive today.

    1. People had money during a strong economy and easy loans but that’s over and like normal prices are going to crash

  7. Id like to add (Since they weren’t mentioned) the NA1 & NA2 NSX’s have absolutely skyrocketted where there NC1 Counterparts have somehow held around the same values.

    At the tail end of 2020 I had a Check in my hand to go buy a manual 91′ NSX with 80k on the clock for $36,500. That is unthinkable now even for a salvage title. I backed out ultimately because the Army was sending me to Korea for my next assignment, and it was going to sit in storage. I regret that decision every day.

    1. Paid $67K for my NA2 in 2017, sold in 2021 for $154K (got lucky, it was the rarest color ever built). If I’m being honest, I wouldn’t have paid that for that car. A good 80-100K example would drive just as well and be a fraction of the price.

      Tried to turn some of that money into a ~100K Mk4 Supra, but those are bonkers too. And the NSX is so much better driving of a car.

      These cars will all keep appreciating as the Gen X’ers (/wave) get into our 60’s, but at some point it’s more about nostalgia than actual value. I have an LC500 convertible now and regret nothing.

    2. @jimmy-buffett  hell of a flip. Great trade off. I always found the Lotus Evora to be something of a spiritual successor to the NA1/2.

  8. The Hummer H1 market has taken a huge hit. Trucks that were selling for $125k last year are now selling for $75k now. The bottom fell out. A lot of people who bought them during the pandemic with stimulus cash are so far out over their skis that they need to liquidate.

    1. add mach E, f150 LIGHTING , hummer ev first edt all had markups or flipped , bronco 4dr first edt , supra launch edt. etc…..smart ones bought at msrp and still own them and drive them sale them today for msrp

  9. Doug is the type of guy who goes outdoors on his summer vacation, then while outside, watches YouTube car auctions.

  10. Doug never ceases to impress with his ever expanding market expertise. Cars & Bids has elevated him to reference class authority and he’s not afraid to spread the wisdom.

  11. Watching this makes me appreciate the videos with Doug’s friends. Not that this is bad, but videos with 2 people bouncing ideas off each other is a lot of fun!

  12. Playing out how I largely expected (with the exception of the overlanders). Picked up a 991.1 C2 recently because I don’t see them going down in price. I don’t think they’re going to shoot up, but I also don’t see them going down. Once the spec I’d been hunting for for 18 months finally popped up, I nabbed it. That’s the thing though, my ONLY hard requirements were 1) manual, 2) coupe, 3 good service history. All other factors were flexible, and it STILL took me 18 months of hunting. Those who have desirable specs, even basic ones, aren’t selling them.

    Get in while the getting is good! I’ll have plenty of faster EVs in the future, but they’ll never make another C2 like this!

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