When the specialty car market is going up, they lag low valuation, when it’s on the way down, they lag high.Ĥ) Demographics are going to crush the hobby car market’s value. They exist to tell a non-gearhead how much he should loan, or insure an asset for. We like them because they are works of art to us.ģ) NADA and Blue Books, etc, are worthless except to the insurance and banking industry. Everything will sell when the price is right.Ģ) Our hobby is a luxury no one really needs a 90 year old vehicle. mobile appġ) Things are only worth what someone else is willing to pay for them. If someone wants to price an item for way more than it’s worth then I would think they either don’t really want to sell the item, they’re fishing for a sucker, or they’re self-deluding. I don’t think I would call that greed unless I would also call someone who got a great deal on an item “greedy” because they paid less than an item was worth. You would be a pretty poor business person if you didn’t. My guess is the most any car will sell if the price is right.Īs far as greed, if you’re a seller you would of course want to sell an item for as much as the market will bear. Ask yourself, if the price were lower, would it sell? That would be the test, I think. If you feel as you say that their not overpriced, “it’s just that hot rods aren’t selling”, then the only other reason I can think of is that hot rods are no longer desirable and wouldn’t sell no matter how low the price is, which I certainly don’t think is the case. If I’m a seller who has something priced realistically, then this is great for me because the overpriced seller has essentially eliminated themselves as my competition, increasing the chances the my item will sell. If someone wants to price something for three times FMV and I’m a buyer, then I simply choose not to buy (which is what seems to be happening). The transition to electric vehicles and alternative fuels has been slow, and many people are still dependent on gasoline-powered vehicles for transportation." That's going to bring "widespread chaos and disruption.Click to expand.It seems to me that fair market value is determined by what someone is, or has been, willing to pay. 2060: This is the year ChatGPT predicted "the world has run out of gasoline.government is concerned about all the high-performance vehicles still on the roads and enacts new government policies which, according to ChatGPT, include "higher taxes on fuel, higher insurance premiums, and increased safety regulations." Despite protests and "civil disobedience," the chatbot said that "the government is successful in ending hot-rodding as it's currently known" and that the "culture and tradition of hot-rodding has largely been extinguished. There is not enough left over to power electric vehicles. Electric vehicles are a luxury the world can no longer afford." Since electricity will become "scarce and expensive" it will be capped and for essential uses only, "such as lighting and heating. "In this new world, there is no room for electric vehicles. A key event triggering it, the AI said, would be that the world economy collapsed. 2042: We asked Bard about how gasoline might make a comeback. The courts ultimately uphold the ban, but the hot rod community continues to fight against it. government passes a law "banning the sale and operation of hot rods," and it will be "challenged in court. 2035: Bard claimed this is the year the U.S.Sure, we understand that AI forms its conclusions by meshing mounds of data with a healthy dose of factual hallucination-but is it that far off here? Everyone claims to be an expert on these global topics, so we turned to the experts we know everyone's listening to these days: artificial intelligence's two biggest celebrities, Google Bard and ChatGPT. The hobby now seems to be up against its greatest threats yet, such as the end of sales of new gasoline-powered vehicles in some states, rising gasoline prices, and the increasing cost of living in general. Each time the question comes up, the hobby manages to have a stay of execution from scrappage programs, emissions regulations, fuel economy demands, various forms of finger-pointing about climate change, attempts to stop aftermarket performance and customization products, and so on. For what seems like endless decades now, car enthusiasts have been asking, "Can They Kill Hot Rodding?" Of course, by "they," we mean the government and its policies.
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