Slip Sliding Away…
Every so often. There is a shifting trend in every business, whether it be Real Estate, Food, or any other industry.
In the last five years of operating Old Iron AZ LLC we’ve noticed a changing trend. As the older generation is reaching retirement age (Baby boomers). They are selling off their cars for other reasons. Instead of buying another classic vehicle. They are buying motorhomes to travel. Saving money for retirement investment. Or spending it on golf, fishing, or purchasing a summer/winter home, or just putting the dollars aside for personal reasons.
The new trend is purchasing factory high-performance cars, such as newer Camaros or Mustangs or Chargers and even high-performance Imports. They rather have the offer of comfort and performance of these new vehicles.
The day of the Hot Rod Roadster is staring to “Slip Away”. It seems increasingly car enthusiasts are purchasing a high-performance car from a dealer. The car manufacturers are building and designing high-performance vehicles because the demand is there for these types of cars. They want fast and comfort and are foregoing style.
There is still a big market for the ’60s and ’70s Camaros, Chevelle, Mustangs, and rare and unique vehicles. But hot rods are slowly on a downward “Slide”. Who knows maybe in 20 or 30 years from now, these cars may double or triple in value. When the grandchildren want to capture some nostalgia of their parents’ and grandparents’ lives. That is how this business trend is. This is just my opinion, the great car generation is slowly “Slip Sliding Away” …
The new generation has a whole new approach to performance vehicles with computers. It’s more about comfort, gadgets, and high-performance motors with superchargers and high-tech suspensions. In the 1960s, the car industry was trending towards factory high-performance vehicles; such as the GTOs, 442s, Chevelles, etc. I see this trend happening again.
Keep them Rolling!… Bill