New from Hagerty: Viper Prices Are Falling
- Thread starter Bill W
- Start date
serafins
Enthusiast
Hagerty has been on this nonsense for a couple quarters now. Prices have been bracketed between $55k and $65k for two years now. Nothing crazy going on either way with pricing.
doctormosfet
Enthusiast
Can't put a price on this car being a bigger flex than other cars that sell at several multiples.
Can't put a price on the smile it puts on people's faces.
Can't put a price on the car's history and symbolism of how it resurrected a dying Chrysler in the late '80's.
Can't put a price on whooping every Corvette, Porsche, and Ferrari in its class in GT racing.
Can't, can't, can't, can't put a price on the glorious sound it makes.
Can't put a price on how it makes you feel alive.
Can't put a price on the smile it puts on people's faces.
Can't put a price on the car's history and symbolism of how it resurrected a dying Chrysler in the late '80's.
Can't put a price on whooping every Corvette, Porsche, and Ferrari in its class in GT racing.
Can't, can't, can't, can't put a price on the glorious sound it makes.
Can't put a price on how it makes you feel alive.
Goggles Pizano
Enthusiast
- Joined
- Nov 25, 2009
- Posts
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If you think Viper prices are falling, you should see taco trucks.
OP
OP
Bill W
Enthusiast
I originally posted this (OP) from Hagerty and thought the same as y'all. Prices seem stable or maybe rising. Check this out: https://bringatrailer.com/listing/2...email&utm_campaign=Watcher_Listing_Ended_Sold
One car a trend does not make. For all you know the buyer
was drunk, or proving a point, or buying his dads old car.
When EVERY Mamba pulls in $115k, then you can make
the argument values are increasing...
OP
OP
Bill W
Enthusiast
Not really making the argument that values are increasing. I said stable or maybe rising. I realize this was a collector's car with less than 1000 miles, and not representative of any trend. Six different individuals bid over $100,000 for the car. I doubt they were all drunk. 
Copperhd
Enthusiast
Coincidentally, I had both tacos and beer to celebrate the purchase of my 2005 Copperhead Edition w/15K miles.
I buy stocks in speculation.
Cars are for enjoyment.
Houses are for living in.
Only stocks and other speculation items are interesting with price increases.
But I'm a bit saddened I didn't take the plunge on another gen 2 GTS when I had the chance, yellow & black stripes. Was pretty cheap and it would've made a nice ride for my wife.
Cars are for enjoyment.
Houses are for living in.
Only stocks and other speculation items are interesting with price increases.
But I'm a bit saddened I didn't take the plunge on another gen 2 GTS when I had the chance, yellow & black stripes. Was pretty cheap and it would've made a nice ride for my wife.
Damn Yankee
Enthusiast
Of course they're falling, if you're in your late thirties today there is a high probability that you've never driven a manual car. You are looking to see if you can get in your car and say "Starbucks" and have the car drive you there, where you will then get out of your car, close your door and walk into Starbucks as your car self parks itself. Besides, even having a third pedal is most likely a grave danger for these very same people. They also know something that many of the older crew don't. By 2032, insurance companies, recognizing that auto-driven cars are already 600% safer in regard to accidents to humans driving, aren't going to be selling insurance for clutches. Roads themselves will only allow self-driving cars into cities and everything will be rainbows and unicorns.
white out
Enthusiast
From the cars listed, it appears Hagerty is wrong.
Careful, Ive been saying that here for years now and there
are many people here who are very mad at me for even
implying it. This Tulip Bubble was created when the Home
Equity market exploded and retiring Gear Heads could suddenly
get $500,000 loans for 2% interest. Of course, why not. The
Hemi Cudas, Hertz Mustangs, and COPO Camaros of their
childhood dreams were suddenly VERY obtainable. As such the
market exploded almost overnight.
That market has been self-feeding ever since. In order to
maintain, Twenty year olds today need to start building up
equity and diving, en mass, towards high speed performance,
or even collectability in general, in order to have the funds to
pay $1,000,000 for our Vipers in the next decade or so.
The same bottleneck that will eventually end this country is the
same one that will kill our hobby - the HUGE gap of ten to
twenty year olds being pushed up against the overwhelming
saturation of seniors will collapse the system. Twenty years
from now, as whats left of us all start heading to the retirement
homes there is literally not going to be enough millionaires
around to pay $1,000,000 for each and every hotrod, muscle
car, supercar, and sportscar that exists, let alone (like you said,)
millionaires who will even like cars to begin with.
With current fuel and economic pressures we are living at the dusk
of the Golden Age of the Gearhead.
Damn Yankee
Enthusiast
Actually I think it's somewhat different than that. It's just a matter of time before the insurance companies recognize that the risk of having humans pilot their own cars is so much greater than self-driving cars that the premium will be enormous. I also believe it's just a matter of time for roads to be built that will only be allowed to be accessed by self-driving cars. The reason is the speed will be much higher as the cars can daisy chain their Communications between themselves, pack more closely, and instantly react to an event. Humans cannot do any of the above. I don't think people are mad at you for saying it, I just think the onset of the future is a great disappointment for some that grew up prior to self-driving cars. The bright spot? Most will not be here to see any of it. However, since your position is so radical, 638 driving credits have now been taken off your Prime pass.
doctormosfet
Enthusiast
Very similar sentiment to the housing market, although the market will have a floor. Total collapse? Not likely. Price drop? Sure, although that depends a bit on other inflationary pressures, so maybe instead of "price drop" I would say it becomes more "price accessible." There is no shortage of passionate car enthusiasts out there. They just have a different income distribution than those who have fancy fast cars at the moment. For example, eventually, Boomers will die off and there will be some wealth transfer to Millenials, many of whom are car freaks who will happily trade their parents' summer beach house for a 190E or R34 GTR or (gasp) maybe even a Viper. Those whose parents die first get a jump start on cashing in before the housing market floods with dead parents' homes. It sounds morbid, but it's true. That will actually drive prices up for a bit.
Maybe at some point, prices will drop, but all that means is more enthusiasts can access their dream car and that will drive prices back up again.
When there is a fatality involving a Self Driving Car and deemed it was the Self Driving cars fault, who gets sued?? Car Manufacturers? Insurance Company? Not the Driver, they weren't driving.
Its a built-in defense system.
The car crashes - A) it was the Drivers fault,
prove otherwise, 2) It was the Softwares fault,
prove otherwise, C) It was the Hardwares fault
prove otherwise, D) It was the Vehicle
Manufacturers, E) It was the Satellite/GPS's
fault, F) It was DOTs fault... ect... ect...
You develop a hot-potato system of blaming
everyone else that lasts for decades or more.
One of the things that will be immediately changed
when i become Emperor of America is that any
company involved with an automated system
becomes equally liable for any resulting damages.
Would dissolve all of this automation BS through
simple attrition...
