If you've watched in amazement over the past decade or so as prices for classic American muscle cars went through the stratosphere, you're about to see a correction. No, one-of-four Hemi Coronets aren't going to be trading at sub-$10k prices, but if you have a job, a comfortable savings account and a hankering for cubic inches, the next six months will likely provide the best buying opportunity since the 1990s. Why? Lots of those GTOs and big-block Chevelles that hit $50k+ were snapped up by folks of moderate means who raided their 401k accounts to relive their youths; now those same folks need the cash again, and desperate sellers equal a buyer's market. Already, auction results are starting to show signs of impending weakness. A quick look through the results of RM's Monterey sale in the latest Hemmings Muscle Machines shows most of the cars selling at or below recent average sale values, and that event took place before the black-hole economy had really hit the news. Chances are your local Craigslist is still full of crackheads who want $40k for their four-door Gran Torino (with chrome Edelbrock air cleaner!), but start scanning Hemmings and Collector Car Trader; if you've got the means and the garage space, you can snap up an investment that'll be a lot more fun than T-bills. [The Truth About Cars]
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The only solid car investments are mid-80s Japanese pickups or econoboxes. Buy them for $2,000, drive them for a year or two, sell them for $2,000.
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