bossbattleRX7

The FD is now in the classic car market, which is detached from the typical used car space.

The classics market has seen unprecedented growth due to investor interest. Yes, the pandemic was a factor. Regular used car trends will not apply, but I can understand conflating the two since used car prices ARE up.

Check out pages 29-35 of this report

Deloitte / Credit Suisse Report on Collectibles

gmonsen

Forgive me, but putting the FD into the "collectibles" category discussed in the Deloitte piece along with the Mercedes 300SL's, Ferrari 250 GTO's and saying they shouldn't be viewed as "used cars" experiencing price increases due to lack of new car availability, is probably doing a bit of conflating.

TwinCharged RX7

iTrader: (14)

Yeah. It's definitely not in that class of collector car. But it's also not anything to do with the general used car market which is basically 2 to 5 year old SUVs and cross overs. If pickup trucks are included that also likely keeps the value up.

Airman

Do y'all think I could get a FD for around 30k in 5 years?

bossbattleRX7

I respectfully disagree with you.

The fact that the article mentions super rare and exotic cars doesn’t make my point any less valid. I strongly recommend you look up the “youngtimer” trend in the classic car market (‘80s and ‘90s cars).

This trend is briefly referenced in the Deloitte article (close to the end of that section) and in multiple other articles.

Other articles discussing the “youngtimer” trend:

https://classicmotorsports.com/artic...ollector-cars/

https://www.surfacemag.com/articles/...er-collection/

I thought the next one was interesting:
Hagerty - When is a Youngtimer not a Youngtimer?


I know it sounds strange to call an FD a “collectible” classic car, but that is exactly what it is in 2021. I doubt many folks are still driving their cars every day. Are people buying low-mile RX-7s on Bring-a-Trailer for grocery duty? They’re literally being bought by collectors (if the comment sections are accurate about prior purchases).

That doesn’t mean it is comparable to a 300SL or GTO—but maybe a Spirit R or Type RZ will be in a couple of decades.

Japanese sports cars are seeing a renaissance just like muscle cars did 25-30 years ago. They will be collected just like everything else. Some will be enthusiasts while others will be investors.

MarcZ55

Yes, but in what condition is probably the question.

Airman

Well, I know that I'll have to rebuilt the engine as soon as I get the FD for that price (if I don't do a compresson test). Otherwise, the FD is a car I want for a good while. Even if it has some work to be done on it, I'll do it. I don't expect to be getting a clean FD at that price anyways.

MarcZ55

yea, thats about right.. somewhat of a project for that price.

gmonsen

I'm not sure you do. We both see the FD as being collectible. I am just saying that the current and recent price increases are also due to the lack of new car availability and also due to pent up savings accumulated during the Pandemic. The prices on these as collectibles began several years ago and has accelerated due to the second and third factors. No one thing is responsible for the steep increases of the past year.

TwinCharged RX7

iTrader: (14)

This is hilarious, or sad. Arguing so much now that we disagree when someone says I disagree.

Airman

At this point, I'm pretty sure FD price will go up and down like crazy because of new laws in the future and gas price. But it'll end up getting high at some point when it'll actually be impossible to buy one. By law I mean random taxes for gas car and shitty gas price cuz everyone wants electric cars. I don't disagree that electric car are good, but they will affect a lot the used car market in the future... Let's just get our dream car and keep it till the end.

TeamRX8

iTrader: (2)

let’s not forget the potential for inflation; maybe the current generation has no idea what that even is or means …

SwappedNA

iTrader: (1)

I suppose this can go back to the cars value is whatever someone is willing to pay for it. I found myself able to purchase one again after having to sell my last one to pay for school, and I jumped on it. I now happily own a 1995 Type RB Bathurst-X with about 84,000 kilometers on it, and a decently documented history, and it is a grade 4 car. I paid about 39,250 for it, but that's what it was worth to me. Did I overpay? Many will say yes, but I don't think I did. I'm completely happy with it.

gmonsen

The sad thing is that you would see a post where someone was trying to iron out supposed differences in a discussion as another reason to open your mouth. Not everyone is always arguing. Some people can discuss things in a rational manner. You definitely need to get on some meds.

TwinCharged RX7

iTrader: (14)

Good one. Always the one to smooth things out aren't you.

gripFD

this didn’t age well

gripFD

Yes, you typed words!

gmonsen

I did indeed. Obviously, I did it to give you something to respond to...

I'll say it again. I think prices on collectibles will soften this year, because the economy is swirling around the toilet bowl. We may see negative GDP growth for the 1st quarter and inflation is only going to continue going up as are interest rates.

Testrun

I am curious to see if this will play through or not.

My brother in law is a top salesman at Porsche and they are sold out. Literally. People are paying 10s of thousands over sticker. Up to 50k over sticker.

I am a commercial pilot (private heavy international jets) and our business is insane right now. Fuel prices are outrageous, but it doesn't matter. People are paying way over "regular" cost right now. The baby boomers are rocking and there was so much new money made during the pandemic with all this BS crypto and NFTs and whatever other oddities. People flipping cars and homes and selling at astranomical rates and people are paying just about whatever is being asked. We may be heading in a direction that no one has ever seen before. The push for electric will not go as planned and the values could continue to be whatever someone is willing to pay for quite some time (speaking of ice cars). .... yes, very interesting times. 🤔

j9fd3s

iTrader: (3)

people want to party like its 1921! its a complete aside, but in 1920, WW1, the Great War had just ended, along with the big flu epidemic, so lots of parallels to right now, but then they had prohibition. can you imagine Covid if we banned alcohol?

so in California our empty suit governor banned the sale of new gas powered cars in like 2030 or 2035 or something. Lets just say it won't go as planned, i wonder what it will do to values of gas cars (obviously the smart people are going to do the same thing they did during prohibition, and smuggle...)

Howard Coleman

iTrader: (6)

while my real career was managing very wealthy client's money in all the global markets on a discretionary basis i will keep my opinions on what's around the corner to myself. i will say that it is, at present, an easy call.

falling into the not speculative category is what's next as to automobile architecture.

get ready for gasoline, repeat gasoline powered vehicles. get ready for an approx drop in displacement of 50%. get ready for BIG (compared to displacement) electrically powered TURBOS. the electric motor on the back of the turbo is there to spool the turbo. once spool is over the turbo is driven by the exhaust and the elec motor turns into a generator. all coming to a dealer near you in just a few years. Garrett has the lead currently which explains the very fresh offerings. Garrett powered by 2000 Honeywell Aerospace Division engineers.

Fritz Flynn

iTrader: (263)

YEP, like VHS, sometimes new tech doesn't last long. That said the battery thing is pretty new and it's already seen huge improvements. If we can figure out the recycling thing there won't be too many gas powered cars in 20 years. If not that could be the end of battery powered cars. Time will tell, meanwhile that turbo sounds cool.

Would love to hear your thoughts on the current world economy, what a sh#t show.

j9fd3s

iTrader: (3)

when is it not?

Fritz Flynn

iTrader: (263)

LOL, good point.

Check out China's GDP, ours etc.... It's not good at all. Not to mention a ridiculous head wind. Hopefully things work out with out too much pain but man it's not looking good.

Worst case, GT3s will cost less

j9fd3s

iTrader: (3)

if they can make them! Mazda is having problems right now because Shanghai is closed. the relevant news is that the Mx5 model year is a bit short (instead of going until November 1, like the previous years, its only going to September 22), and the Club models are being rationed. Actually what they did is kind of smart, although there is a catch. They are selling the Mx5 Clubs as special order, but its not. the way it works is that Mazda Japan is just making the cars they were going to make, and Mazda USA is just letting you pick one from the list that matches what you want. the catch is that sometimes its February and the car isn't going to get built until August....

oh and the CX50 roll out is going to be slower than planned