Unless you’ve been hiding under a rock for the past 8 or 9 months, you are probably well aware of the shortage of microchips, which has led to a shortage of new vehicles, which has led to rising used vehicle prices, which coincides with record prices for collector cars. The strange anomaly in used car prices and classic car prices is interrelated as they are both a result of the global pandemic, but the classic “bull market” in vehicles is largely driven by two unique factors: collectors and buyers who are pummeling their “dream car wish list card”, as well as bored reducers stuck at home with too much free time to shop online and extra cash around from that big vacation they never took in 2020.
Virtually all boats are ramping up right now, and I’ve personally seen hammered higher prices on Model As, ’32 -’36 Ford, Tri-Five Chevy, 1950s convertible, etc. So what hot rods and customs have you seen go price increase? Where do you still find some bargains or do you sell while the market is glowing?