[z28jeff]

I was doing an autotrader search for 3rd gen Camaros in the 89-92 year range and was surprised with the prices I was seeing. I only did a 200 mile search and got about a full page of Camaros in the 7k-10k price range. And a few of them were near 15k. Granted, they were the super low mileage garage queens. But come on, you can get a really nice low mileage LS1 car for that kind of coin. Most of the cars in the 7-10k range had between 25k and 50k miles on them. This is what struck me as odd. I bought my 94 Z28 6-speed hardtop last summer with only 28k in absolutely mint (and I mean M-I-N-T) condition for 7k. And as far as LT1 4th gens go, that seems to be the top of the pricerange.
Is this a sign of things to come? Is my car going to increase in value once the 5th gens come out? This doesn't make any sence to me.

This post has been edited by z28jeff: Dec 12 2006, 12:59 PM

[trackbird]

I think the deal is that once a car bottoms out at $1k or less in the Kelly Blue Book values (or the book of your choice), it becomes "worthless". At that point, it becomes worth more to a particular buyer than the book might suggest. For some reason, Corvettes never seem to bottom out like other cars do. However, other desirable cars seem to follow the Corvette pricing trend. It might also be a case of a car that you couldn't afford in high school/college but always swore you'd own one some day. Now, you have a job and the cars are "cheap" at $7k, even if it's an '89 IROC (and book says $850), you can afford it, so you buy it.