I think that in two years, as long as the pandemic is able to continue the latest downward trend, the chip shortage will be over and we will be cranking out new cars again making the used car market more reasonable. If the shortage continues, well, I think it will be way easier and cheaper to maintain a classic car like a 77-78 Lincoln than a 4 or 5 year old Lexus. They almost never break, but when they do.... whoo boy. The alternator on my LS430 was a revelation. Toyota, probably to make it vibrate less, or make less noise, puts it in the V of the v-8. So the replacement is way more expensive because labor hours.action wrote:That is optimistic!mannye wrote: I want a fun daily driver for a year or two until used car prices go back down.
The current economy is operating on lots of demand (people want and are spending more) and lowered supply because the pandemic shut down capacity for a bit and some parts have still not fully recovered.
The supply side of the classic car world is rather stable. Yeah some new old car gets put out on the street. Or someone has the unthinkable a car crash.
So you are banking on demand. And demand changes with the economy.
If you are correct, I am buying too. No matter what my wife says
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Lincolns and typical value
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Re: Lincolns and typical value
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- Occasional Visitor
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Re: Lincolns and typical value
I think that in two years, as long as the pandemic is able to continue the latest downward trend, the chip shortage will be over and we will be cranking out new cars again making the used car market more reasonable. If the shortage continues, well, I think it will be way easier and cheaper to maintain a classic car like a 77-78 Lincoln than a 4 or 5 year old Lexus. They almost never break, but when they do.... whoo boy. The alternator on my LS430 was a revelation. Toyota, probably to make it vibrate less, or make less noise, puts it in the V of the v-8. So the replacement is way more expensive because labor hours.action wrote:That is optimistic!mannye wrote: I want a fun daily driver for a year or two until used car prices go back down.
The current economy is operating on lots of demand (people want and are spending more) and lowered supply because the pandemic shut down capacity for a bit and some parts have still not fully recovered.
The supply side of the classic car world is rather stable. Yeah some new old car gets put out on the street. Or someone has the unthinkable a car crash.
So you are banking on demand. And demand changes with the economy.
If you are correct, I am buying too. No matter what my wife says
Action
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