AVAILABLE VEHICLES
HEMMINGS PREDICTIONS
RESTORATION SERVICES
SELL YOUR CRUISER
LOAN CALCULATOR
F I N A N C I N G Military and Non-Military
COLLECTOR CAR INSURANCE
CUSTOM BUILD MENU
ECO-FRIENDLY BIO-DIESEL CRUISERS
TAKING PHOTOS
FOX 2 Video, N.Y.TIMES & GQMagazine ARTICLES
TESTIMONIALS
CAREERS
CONTACT US
SOLD VEHICLES
APPRAISALS
QUICK REQUEST FORM
PARTS, LINKS & RESOURCES
MAILING LIST - JOIN
IMAGE GALLERY WALLPAPER
SCREEN SAVERS!
VIDEO GALLERY
RECOVERY EQUIPMENT LIST
FJ BODY TYPES
FJ FRAME ENGINE AXEL SPECS
COLOR CODES: CRUISERS
FJ YEAR TYPES
WEBSITE CONSIGNMENT
NYTIMES
GQ MAGAZINE
WE'RE HIRING
Five car hobby predictions for t

Five car hobby predictions
for the coming year


Kurt Earnst - 2014

Crystal Ball

The Crystal ball.

Now that 2013 is in the record books, itís time to look forward to the upcoming year and what it holds in store. Predictions have become an expected component of automotive reporting, and while itís relatively easy to forecast happenings in the new car arena, itís considerably more difficult to prognosticate about the collector car hobby. Armed with the lessons learned in 2013, here are five predictions about the hobby for the year thatís about to be:

1. Auction prices for high-end cars will continue to climb. From 2012 to 2013, the value of the top ten cars sold at auction grew by an astonishing 63.25 percent, topping $140 million. Granted, $32 million of that came from the sale of Fangioís Mercedes-Benz W196 racer, and itís unlikely (but not impossible) that any single car auction price will exceed this in 2014. While prices for rare and desirable models from high-end automakers are on the rise, donít expect this to trickle down to more ďcommonĒ models; in other words, just because Ferrari 250s are skyrocketing in value, the same canít be said for Ferrari 308s. If I had to guess a number for 2014, Iíd say that the top 10 sales for the year will exceed $150 million.

1983 Chrysler Town & Country
This 1983 Chrysler Town & Country Mark Cross Edition sold for $13,750
in September. Photo courtesy of Auctions America.

2. Seventies and Eighties cars will become more attractive to hobbyists. The saying ďone manís junk is another manís treasureĒ has never been more appropriate. As blue-chip cars and sports cars continue to climb in value, look for those of us on a budget to continue to turn to cars that werenít previously attractive, such as big domestic sedans from the 1970s and even ďdisposableĒ cars from the 1980s. Auction sales of well-preserved K-car convertibles drew surprising numbers last year, and itís safe to say that trend will continue as more children of the 1970s and 1980s begin to embrace the collector car hobby.

A Cool Cruiser. This is a late model 1981Toyota FJ40
Available from www.VintageOffroad.com

3. The Toyota FJ40 Land Cruiser will become the next Volkswagen 21-Window Samba bus. In the past three years, prices for restored Volkswagen buses have shot through the roof, with the rarest examples consistently realizing six-figure prices at auction. A similar phenomenon is beginning to happen with Toyota FJ40 Land Cruisers; once a rare sight at high-end auctions, their presence has become expected, and prices for well-preserved or meticulously restored examples have risen accordingly. I wouldnít be surprised at all if an exceptional FJ40 topped $100,000 at auction in 2014.

UPDATE (21.January.2014): Three weeks into the new year, one prediction has already come true: RM Auctions has sold a fully restored 1977 Toyota FJ40 Land Cruiser for $101,750, including buyerís fees

4. Gas prices wonít change (much) in the coming year. If youíre looking for relief at the pumps in 2014, expect to be disappointed. Though supply of crude oil from domestic sources now tops imported oil and U.S. oil consumption has been declining in recent years, prices at the pump havenít dropped significantly in the past year. Though fuel prices will surely rise seasonally, or in the event of a natural disaster impacting production, expect current prices to be the new norm for the foreseeable future.

5. Hot rods, street rods, and restomods wonít climb much in value. Perhaps more shocking than the Petersen Museumís decision to sell off cars from its collection last year were the prices realized for high-end street rods. Scrape, Terry Cookís renowned 1939 Lincoln Zephyr, sold for just $66,000, a Chip Foose-built 1951 Mercury drew a winning bid of $44,000 and a Boyd Coddington customized 1933 Ford Custom Victoria traded hands for $38,500, all well below the cost to build such creations. Even the Dick Flint roadster performed far below expectations when it sold for $525,000 at RMís Art of the Automobile auction (against a pre-auction estimate that ranged up to $900,000). Donít expect this market to recover significantly in 2014, as high-end buyers want originality over someone elseís vision of what a particular year, make and model should be.


Click

Terms and Conditions of all transactions
Hours 10AM - 9PM / Sun to Sun
Call anytime: 313-414-FJ40(3540) Pacific Time
Privacy Policy 

Copyright 2000 to 2015 all rights reserved
Vintage Offroad Inc.
Email: More Information
Greg Mushro