Muscle in Monterey

The consensus among buyers is that they want the best, and “almost” cars are having a tough time finding homes

by Colin Comer

Gloom and doom predictions can end up as self-fulfilling prophecies if the panic spreads. A case in point is the highly publicized muscle car market “crash” going on now. As this is the Monterey auctions recap issue, let’s take a look at what happened there, and see how it relates to the rest of the market.

I have always preached only buy the best—ultra-low production, pedigreed cars with air-tight histories—cars that people actually want to own. These are cars that are desirable and rewarding beyond their history and production numbers. We all know buying cars purely for investment it is never a good idea; buy cars you want to have in your garage for keeps. As the market matures, it seems that people are learning this as they go. Such is the case with the market over the last six months, and proof can be seen in the results from Monterey...