Almost all of the cars I've book marked and watched on eBay aren't getting to their reserve. Is it the slump in the economy, cars overpriced, slow time of year or combination of all? Maybe I'm watching the wrong cars.........

:sad:

Almost all of the cars I've book marked and watched on eBay aren't getting to their reserve. Is it the slump in the economy, cars overpriced, slow time of year or combination of all? Maybe I'm watching the wrong cars.........

:sad:
the economy for sure:(

Very few cars ever hit the reserves. It's been that way for a long time. Most people think their car is worth more than is is or they set the reserve high and end up making a deal outside of Ebay after the auction closes to save having to pay the sellers fees. That is how I bought my Beaumont.
James

It's the Barrett Jackson syndrome! Every guy with a muscle car that watches begins to think that their car is worth what they sell for on the show!

just looking at the Mecum site seems like there are a whole bunch of cars there not meeitng reserve either, somwhere around 26 pages or more of them.
It is the economy without a doubt, people don't have the disposable income they did a couple years ago or so. Add to that that prices went up at a real quick rate, part of it is a price correction as well. Barrett Jackson has not helped anyone.

........or combination of all?
:sad:

This

lot of cars are overpriced....came across a pretty clean 76 Trans Am...original 4 speed car...non matching #'s 455...guy wanted $15,000 and knew absolutely nothing about the car.I would have trouble getting $15K for it even if I knew everything about and put on my best salesman act.More like a $10,000 car and he wouldn't budge on the price.

Many people are having trouble realizing that the run up in price may not have a thing to do with actual value. There was just so much expendible income and loose credit that almost everything got overvalued. It was driven by demand then just like it is now. And there is a lot of crap out there for sale.

It is like the boys in the dairy business will tell you.....You have to wade thru a mountain of S**t to get to the milk. Looking for a nicely built car at a fair price is no different.

it is a combination of all. lines of credit have been terminated, the economy adjusted for all the over priced crap out there.

think about this, you talked the wife into emptying the 401k or line of credit. "really hon, these things never depreciate, forbes says it's better than the stock market".

well, that was kind of true, most didn't lose as much on thier rides as other investments, and now maintenence and repairs are starting to surface, the economy has taken a bite out of the hobby $, and your wife hasn't seen the six figures you've promised to retire on.

most are just trying to get thier investment back, but now there are far fewer buyers than sellars, and being stubborn, means that your in for the long haul, which is what most investments are, the long haul. flips are far and few between.

I also think that alot of folks who restored their cars and sunk huge money into them, kinda think the'll get it back, or almost all of it. It's the principle!

But as we all know, usually you end up taking a bath on this stuff. The seller is usually last to find this out.

cars right now ..is like real estate...........wanna sell.......your gonna take a hit

just looking at the Mecum site seems like there are a whole bunch of cars there not meeitng reserve either, somwhere around 26 pages or more of them.
It is the economy without a doubt, people don't have the disposable income they did a couple years ago or so. Add to that that prices went up at a real quick rate, part of it is a price correction as well. Barrett Jackson has not helped anyone.

I watched a show the other day, can't remember the name, but a guy 'values' different cars. One was a Mach I, gold in color and pretty original but nothing really special. Host brought value up to $22k because it was a relatively low mile, documented car. Owner thought more along lines of $28.5k. Took it to Mecum with a $30k reserve and bidding barely got to $20k. A lot of Mecum cars are overvalued by their owners. For all BJ's faults at least they're sold at no reserve.

Well, if it is the fact that our beloved chevelles were so terribly overvalued than I guess everything in life was highly overvalued. What was the point of spending alot of money to restore something that wasn't close to worth it to begin with?

Houses, land, livestock, motorcycles, boats, guns, farm equipement, heavy machinery, tools, fine furniture, the US dollar, and anything else that people loved or paid a high price for the use of.........everything is WAYYYYY down. Can't hardly give away some things.

What world are people living in? Of course it is the economy. I don't dispute that prices were a little high but people were willing to pay it.
Now, you have to give something as a gift, and not just chevelles, to get rid of it.

People everywhere are hurting and hurting bad. Foreclosures everywhere, losing homes, food stamp cases in the US are up close to 200% in some communities since 2007.
Majority of people losing jobs can't find another and if they do it is at a reduced wage after looking for a long time. 10% unemployment.....what a joke. This doesn't count the many folks who can't draw due to being self employed or subcontractors.
Most would agree that unemployment is really around 20%. 1 out of 5.
UIC is so low in most states that you have to take any job in order to help pay your bills.
Underemployment.

Spending is way down by the "common" folk so the rich are losing.
The stock market "economy is recovering" is due to reducing inventory and laying off of workers which leads to less spending.

Supply and demand. The demand is not there for anything that costs money. Those with money know it and want a deal or no buy.

We are not in a "correction" which translates into something being corrected due to being wrong. We are in the Great Recession.

The chevelles and other classic cars are suffering the same fate as everything else.
Not meeting reserve? Of course not, I would get rid of everything I own except my home before I would the chevelle.
Can't blame people for not giving their car away.

eBay is not the only place to buy a car. Great deals to be had.

eBay is not the only place to buy a car. Great deals to be had.

yes sirree!

It's the Barrett Jackson syndrome! Every guy with a muscle car that watches begins to think that their car is worth what they sell for on the show!

Do you just say this to make yourself look good? Or smart or something?
You don't really believe this, do you?

Because I don't think guys with these cars think this at all. I think they're quite a bit smarter than you give them credit for.

B/J certainly helped escalate prices but is only one of the reasons collector cars increased to such levels. There was just too much money floating around and a lot of it was in the hands of people that did not have a clue to what they were buying. They just wanted one. Now most of that money is gone and valuations are returning to more realistic levels. Certainly the top cars have widened the gap between the common ones and the crap. Plus the ones looking are more knowledgeble than ever before.

I am not at all convinced that a large majority of the cars were ever worth what they brought and I think it will take another runaway economy to get back to that level for them. I really like it better as the top cars stand out and the flaws of the rest speak for themselves. The people that sacrificed quality and took short cuts in a build are paying the piper now.

There are a lot of cars not selling because their owners have not accepted things as they are and holding on to lost hope that things will return to where they were. It is a better than even money bet that a large number of these cars will continue to decrease as we are a long way from the end of this crisis.

Once the gov't and the Fed started propping up the economy back 01-02 thats when all the funny money got out there....notice everytime the gov't intervenes in the free market a bubble gets created.Who knows what is going to happen next with this economy...me thinks hyper inflation..we are not in a recovery....look at the value of the dollar..last time the Dow was at 10,000+ gold was at $200/ounce,unemployment was 4% and the dollar was strong...something is really wrong here.

It's the Change You Can Believe In!!!