Prices on the rise this year

[66TigerMK1A]

I just had a look at the latest price guide report from Hagarty... prices are definitely on the move lately...

edit... this chart is for a MK1A.. MK1 is similar and MKII trend is fairly flat !

 

[1966Tiger]

I just had a look at the latest price guide report from Hagarty... prices are definitely on the move lately...

Like every other Tiger guy, I've always felt that our cars were undervalued, and could not entirely understand why.

I'm happy to see the upward trend for a number reasons, not the least of which is the amount of money I've spent on ours!

Thanks for the info.

 

[0neoffive]

Whaddayaknow !!

I just had a look at the latest price guide report from Hagarty... prices are definitely on the move lately...

edit... this chart is for a MK1A.. MK1 is similar and MKII trend is fairly flat !

Gee, if she sees this, ole' # 78 will be up for grabs . . . .

 

[michael-king]

Always have to take these price guides with a grain of salt. they are generally done by averaging out the "published" results of sale and asking prices at dealers and on web sites/magazines. What the cars are actually sell for might be a different story.

I go with.. who cares... i'm sure none of us want to get rid of them.. better to acquire more toys! .. nice to know they are being valued more.. but the real value is in having fun restoring/improving and driving them

 

[slypops]

Don't know where it will end.

I watched and bid on a few Ferrari Dinos (def one of my favorites) take off from 80,000 to the "perfect storm" sale a few months ago of 374,000. I was truly concerned the Tiger could/might do likewise, so I pulled the trigger. Not trying to time the market, just didn't want to play musical tigers and be left standing again. And the Dino isn't even a Ferrari!!??

 

[cobrakidz]

Maybe we can catch up to the Cobra values, that would be nice..

 

[0neoffive]

Desires in the crowd

Maybe we can catch up to the Cobra values, that would be nice..

As a side note: Quite a few of the Cobra people we work with wish they had a Tiger in the stable. Although there is that joke about not having enough room for "fat American seats".

 

[66TigerMK1A]

Maybe we can catch up to the Cobra values, that would be nice..

Be careful what you wish for.. at those prices I would not be able to drive or insure it !! and would be afraid to park it and walk away

I'd be quite happy if the value would keep pace with say.. a new SUV... lol

Michael.. I know what you're saying re the data but if they've always used the same, it's still comparing apples to apples as far as the 'trend'. I was mostly just pointing out that the prices have only been rising ever so slowly but oddly this year the increase has turned 'up' sharply ! Maybe the next 4 month 'period' it will go back down! lol


Jim
B3820000446

 

[wag123]

Tigers have been receiving quite a bit of positive publicity over the past year or so (Jay Leno, Wayne Carini, USA Today, etc, etc). Combined with the passing of Carroll Shelby and Andy Rooney, people who never knew about Tigers (and those people who have known about them but haven't really paid much attention to them) are coming into the market and driving the prices up. I'm not complaining, they have been undervalued for years. Most of the recent increase in Tiger value is coming from speculative investors, not Tiger lovers. The problem with these speculative investors is that they "churn" cars for profit. In a couple of years, after they have driven the market values up, many of them will quickly "get off" of them which can cause a collapse in market value. I have seen this many times with all different kinds of collectibles over the years.
Price wise, Tigers still have a LONG way to go before they become undriveable due to their value. IMO when a collector car gets close to (or exceeds) the 6 figure price range is when most owners will begin to question whether or not driving a collector car is worth taking the risk of something bad happening.

IMHO, over the years, we Sunbeam owners have done some things to ourselves that have hurt the long term appreciation of our cars.
1. There are an awful lot of Tigers that, over the years, have been modified/butchered/hotrodded/abused to such an extent that the values of all Tigers as a group have been hurt. This is understandable since our cars could be obtained rather inexpensively (relative to MANY other collector cars from the muscle car era), and even nice Tigers really weren't worth very much, many Tiger owners bought them to have some fun with them.
2. There are a LOT of derelict Tigers still out there that are in need of MAJOR ground-up restorations. Since Tigers tend to be quite costly to restore properly, their fully restored values have been (up till now) too low to justify the expense of restoration. When these derelict cars (some of them MAJOR rust buckets) have been advertised for sale at fairly low prices and potential buyers have seen them in person, many of them have been turned-off and have moved on to something else. It doesn't help that many of the potential buyers may already know that rebodying a rusted-out or badly damaged Tiger is considered a no-no within the Tiger community and doing so will turn a Tiger into an Alger, reducing it's potential restored value by half. Because there are so many derelict Tigers still out there and constantly being advertised for sale at "seemingly" low prices, IMO these cars have tended to hold down the value of all Tigers as a group. As Tiger values rise, some of the derelict cars will eventually be worth restoring while the rusted-out/badly-damaged Tigers will likely remain unrestored (maybe forever). On a positive note, since there are still a lot of Tigers out there needing restoration, the future of Tigers as they relate to the restoration hobby/business is bright!
3. For what it is worth, I personally feel that since it's inception, TAC certification (for all it's good intentions) has actually held back Tiger appreciation because it has introduced an element of doubt (and even fear) into some potential buyer's minds. When faced with this element of doubt, some buyers will simply move on and buy something else. I have actually seen this happen. IMHO the Tiger owners who REALLY have been hurt by the TAC program are the ones who actually own an authentic Tiger but have been unable to have their cars TAC certified because of where they live. These cars really can't be sold for any more money than an Alger because of this. On a positive note, I can see where TAC certification is beginning to have a noticeable impact on Tiger values, and even Alger values to some extent, because TAC certified Tigers are now getting high enough in value that some people can't afford to buy them and are opting to purchase (or build) an Alger instead to get the same fun factor for quite a bit less money.

 

[cobrakidz]

Be careful what you wish for.. at those prices I would not be able to drive or insure it !! and would be afraid to park it and walk away

Jim
B3820000446

I think I would be ok with my car being "priceless". I have a few Cobra friends that bought their cars when they were cheap, now they are worth a ton but they still use them since that's what they bought them for. I am the same with my GT350, I bought it cheap almost 20 yrs ago and it's worth quite a bit but I still use it on the weekends for errands, shows, etc....in fact going on a 300 miles drive this weekend with the Shelby club. But then again I do think differently than most. haha

 

[michael-king]

wag1232, i get where you are coming from. but if i was to be very objective.. many of the reasons you list will actually eventually force the price up.

Once anything becomes "valuable" in a financial context the object, in our case car.. lineage becomes important.. is it what it claims to be? This is just as relevant in Cobra, vintage Bentley, Ferrari circles.. and a good comparison with our Tigers (a car based on another production model) would be Lotus Cortinas, mini Cooper 'S" models and GT350 Mustangs, all of which have certain modifications that differentiate them from their siblings.. but increase their value.

the fact that our cars can be expensive to restore will mean 1 of 2 things..

1. If restoration is not economically viable, only those who actually have an attachment to the particular car will perform the resto.. others will either be scrapped or bodged.. which means survivors become rarer, and ultimately more valuable. If more are scrapped.. car is now a lower number survivor.. and the cars that have survived are generally of a higher quality and hence more valuable.

2. Value increases, new people come into the market and will restore them as they see the opportunity to recover costs.. cars become more desirable as an investment.. more people will spend more on them.. pushes prices up in general.

So in many ways.. I think the TAC program does help in assuring people of what they have. and if they then proceed with a full resto or scrap the car.. or can understand the choice of rebodying..

On the modified topic.. I thin many of the cars modified in the late 60's to 80's did devalue the cars.. they were often crude mods on what were then cheap cars.. i think the mods available now are different. They are generally highly engineered, reversible and often not obvious. I see our cars in a similar light to the DeTomaso.. a car that with the right mods attracts strong interest as they resolve many shortcomings of the original product without detracting from the appearance and character.

All the above sai.. the best value cars will always be those unrestored originals and those with prominent history.. cars are only original once. Anyone with money can pay to have one restored to a high standard.. you cant make a car that has lived a sheltered life.

We should all enjoy them for what they are.. GREAT CARS