With the 7 Dinos on Ebay, 3 in the Monterey auctions, and the new wholesale player, BAT, putting up 4 Dinos in the last 6 weeks, that looks like a bunch of Dinos coming to market. Does it look to anyone else that were are at that inflection point yet?
The bigger question is why do prices of cars for $20,000 used go to $500,000? It comes down to supply and demand. When there are more people willing to buy than supplies prices go up. The next question is who is the demand?
The demand is, middle aged and old men who lusted for these cars in their youth and now have the means to acquire them. What happens when these men die off, lose interest or simply cannot get in/out of these cars? Demand will drop.
Just look at the Porsche 356 prices and demand is down these [Dino] cars will also experience a similar downturn. I would add the 3-pedal cars will be worth a lot less, as most younger people do not know how to drive them. Add in the seismic change in thinking about cars with the young people, I think we have past the golden era of cars. The only cars impervious to these times of factors will be the top 1%-5%. This is just my opinion.
Thank you, I believe these maybe early signs of a softening market and we aren't even in a slow economy. My guess is in 10 years max, the prices on the lower end Ferrari's will drop. The biggest hit will be taken by 3-pedal cars.