We received an interesting email the other day here in the TTAC underwater battle station. As is frequently the case, this one was about a used car. But not just any used car.
is a touring car that took my mother to and from work as a teacher in the 1920s. It stayed in the barn at my grandparents farm until the 1980s when my mother gave it to me. I had the car fully restored by a specialist in old car restorations in the early 1980s, and spent a little less that $40,000 having this done. It has 68K miles on it. I know I will never get my money back from restoring this vehicle, I am asking $25,000 for it now.
This is a typical used car story: my parents drove it to work, I fixed it up a bit, I’d like to sell it. Were this a 1990 Accord, I think it could be sold in a matter of days at the right price. But this is a 1926 Dodge, which leads to all sorts of questions. It doesn’t have any value as a commuter, obviously. But it would be an inexpensive and fully-sorted entry into the world of classic-car rallies.
Everybody says that Duesenbergs and Auburns and whatnot will never lose value because there will always be a new generation of educated, moneyed collectors who want to own them. Arguably, the same is true for fuelie Vettes and RoadRunners and 454SS Chevrolets of all types. What’s going to happen to the 1926 Dodges? The Chevrolet 210s? The orphans? The Model As? Will the demand meet the supply?