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General Prowler Discussion Prices will start to go back up when
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Author | Topic: Prices will start to go back up when |
Steve Marcus Prowler Junkie From:Ft. Lauderdale, Florida |
posted 06-12-2001 07:08 AM
Prices will move back up as soon as it's announced when the last year will be. Sure there are plenty available right now and some of us are considering getting rid of our cats...BUT...as the cars get scarce and production stops speculators will probaly get back into the Prowler business.I'm sure two or three years from now we will be glad that we still have our Prowlers...The only ones that will be available will be used. ------------------ |
HiHoSilver Prowler Junkie From:U.S. of A. |
posted 06-12-2001 08:55 AM
quote: Time will tell but, I seriously doubt it. If that were the case, dealers would not be trying to unload them now. Rather save them for 1 year and make a ton of money on a NEW one. Best deals I've found are: ------------------ Mods: 2001 Speed Yellow Porsche Cabriolet |
butchcee POA Site Supporter Prowler Junkie From:Lake Ariel, Pa. |
posted 06-12-2001 10:01 AM
I agree with Steve. People always want what they can't have, and think the end of production will make the car more desirable. Dealers have been burned by slow sales and will sell at lower profit then take the chance. One in the hand!! ------------------ |
HiHoSilver Prowler Junkie From:U.S. of A. |
posted 06-12-2001 12:50 PM
quote: I hope your right but, there are a slew of cars out there that when they went out of production, their price continued to drop. How much is a $60K ZR1 worth these days? I would say that for the price to continue to fall is the norm for just about any car (sports or not) ------------------ Mods: 2001 Speed Yellow Porsche Cabriolet |
Roger POA Site Supporter Prowler Junkie From:Seattle |
posted 06-12-2001 01:24 PM
I agree with Trey. Any market, be it auto, stocks, or other, is a discounting mechanism of future pricing. If the market were to be higher a year from now, you would find prices firm today. That obviously is not the case. |
NightProwler Prowler Junkie From:Chicago |
posted 06-14-2001 12:38 PM
I think you'll have to wait 10+ years for price appreciation. Then the rarer Prowlers will likely be worth some bucks-maybe only back to original retail. The IRR may not be great vs. other asset classes from an investment perspective. However, it would probably reduce the standard deviation of returns. Hopefully nobody is foolish enough to compare the return of a Prowler to the stock market in a serious fashion. The muscle car market is doing exceedingly well 30 years after the these cars were made. Equity stock market has done pretty poor the last 12-18 months but the muscle car market has continued to take off and is growing more prominent. Coefficient of determination of the muscle car market with the stock market appears to be O, on a -1 to +1 scale. So maybe the stock market is not a proxy for muscle car values. Maybe another 20% decline in equities will chew into muscle car values. Prowlers will have to compete on uniqueness of design, lack of production (I question this because 11,000 units will likely be produced) and looks. Downside is that a lot of todays baby boomers, which are driving up muscle car prices, owned muscle cars 30 years earlier. Today they have some bucks and are re-living there younger years and buying cars similar to what they drove in their late teens and early twenties which is driving up 1970 vintage muscle car prices. In contrast, in 30 years from today there won't be a lot of former Prowler owners. Many will be in heaven since the average age of an original owner of a Prowler is probably 20+ years greater than the original owners of a 1970 Chevelle LS6 when they came off the assembly line. Also, a lot of Prowlers are already and will be placed in garages. A large percentage of the Prowler fleet will be low mileaged vehicles. Today, you don't see many excellent conditioned 10,000 mile, numbers matching, LS6 Chevelles around. We wont discuss convertible hemi cudas. In 30 years from now I predict you will see a fair amount of low mileage, good conditioned Prowlers (I project a back of the napkin computation of 3,000 as I ask the waitress for another gin and tonic). In the mean time their will be some attrition because the secondary owners probably wont take care of these cars like the primary owners did. Too much verbiage (excess wordiness)here. Back to ESPN. ------------------ |
prowlful Prowler Newbie From:atlanta, ga, usa |
posted 06-14-2001 11:40 PM
Let's not give the dealers too much credit just yet. The local Chrysler dealership here just sold one the other day, about a couple of weeks ago, for $59K. It just shows that they can still be as greedy as the wanna be especiallly if the buyer does zippo research. ------------------ |
deelmakur Prowler Enthusiast From: CT(NYC), Gulf Stream, FL, Seattle (Kat stays in WA) |
posted 06-14-2001 11:49 PM
It's not about money, it's about having fun with the car. If you are buying these for investment, you are in real trouble. |
KOOLKAT Prowler Junkie From:Cocoa,Fl.,USA |
posted 06-27-2001 11:30 PM
1990 ZR-1's can be found for under 25000.00. They only made 6000 of these. Prowler up in price. Give me a break!!!! |
Alex POA Site Supporter Prowler Junkie From:Westminster, CO USA |
posted 06-28-2001 08:15 AM
I did not buy this car as an investment. Had I wanted to invest my $46K I would have bought some real estate or equities (GE, Coca Cola). The car is fun and can't be replaced, its here to stay reguardless of where the market goes. Alex ------------------ |
BeWare POA Site Supporter Prowler Junkie From:Acworth , Georgia , USA |
posted 06-28-2001 10:47 AM
I did not buy as an investment on do not plan on ever selling. I have also started personalizing my cat which would probably hurt resell. But like I said I am not going to sell. ------------------ |
ed monahan POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 06-28-2001 06:02 PM
What is a ZR 1? The supply is low but the demand is even lower, that is why the price is down. |
HiHoSilver Prowler Junkie From:U.S. of A. |
posted 06-28-2001 06:23 PM
quote: Specialty vette at that time. It had a ton more horsepower then stock vettes and I believe the engine was mostly designed or built by Lotus (or someone like that). New, they commanded around $60K for the sticker but, most dealers (as with the Prowler a while back) gouged the heck outta them. All this at a time when most vettes could be bought for upper $20K range. If you liked vettes back then (C4 model) this was the one to have and they sold our fairly quick. It was an extremely hot car for the time (sound like Prowler?) but, as horsepower came up in the stock GM engine, interest fell off for wanting to pay alot for a used one. I can't think of one car, when production stopped, whether they made 600, 6000, or 6 million, where the price went up. Quite the contrary, they all go down, some alot. I guess the point they were trying to make was that here was another recent American car, with alot more muscle, fewer built then the prowler, and anyone that bought one would still take a bath selling it, so if you think that just because they stop making the prowler your car will be worth more then you paid for it or even more then used ones are getting now, chances are you are wrong. ------------------ Mods: 2001 Speed Yellow Porsche Cabriolet |
NightProwler Prowler Junkie From:Chicago |
posted 06-28-2001 08:54 PM
The ZR1 package was an option. A, get this, $26,000 option and the ZR1 looked basically the same as the typical vette. The cost and no special looks is why the car did poorly re: sales. I used to read about ZR1's all the time when they were being produced. Reading bs stuff-lunchtime hobby. ------------------ |
ed monahan POA Lifetime Site Supporter Prowler Junkie Personal ScrapBook From:Cincinnati, Oh, USA |
posted 06-28-2001 11:48 PM
Trey, thanks for the info. I am not a Vette guy, obviously. |
HiHoSilver Prowler Junkie From:U.S. of A. |
posted 06-29-2001 08:31 AM
quote: Basically, except the rear end was slightly wider, different wheels, and a whole different story when you raised the hood. I'll agree, if you didn't know vettes you probably couldn't tell the difference but, those that followed vettes, knew and that was the intended audience. The real issue was when GM boosted the horsepower of the stock vettes. While still less then the ZR-1, it was getting close enough that the difference in price was not worth it. I think you'll see the same with the Z06 they have out now. It's basically a striped down vette with the new LS-6 engine in it (versus the LS-1 that all other vettes use)but, that engine will be the standard engine in all vettes in 03 so, the premium for a Z06 will go down and they will probably stop making them too. ------------------ Mods: 2001 Speed Yellow Porsche Cabriolet |
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