[Destroyer]

I think they will fall a whole lot more.........especially the old Mopars, geez. I've got pretty much all the Car Craft/Hot rod and Popular Hot Rodding magazines from the 80's and I get a kick out of reading the classifieds. Check these out for example (Hot Rod, 1986):

'70 Challenger R/T convertible, plum crazy, P/S, P/DB, A/T, A/C, 440 Six Pack, Dana 60 with Magnum hood and magnum 500's, heavily optioned. $6500

'69 Corvette, 435hp 427, auto radio delete, 19,000 miles, red, bone stock $15k.

From Jan '87 Hot Rod:

DICK LANDY'S PERSONAL 1970 CHALLENGER RT/SE. Specially built by Chrysler for Dick as a PR car for Dodge performance clinics. 40k miles on 440 Magnum, auto, fresh air fiberglass hood, leather, six way seat.......................................better than new. $12,500

'70 SS 454 Chevelle, 4 speed, red/black stripes, black interior, cowl induction, $7,000

'70 Challenger R/T 440 Six Pack, 4 speed, original owner and paint, stored, 27,100 original miles, excellent, $10k

'70 GTX, dual quad HEMI, one of 43. Classified 100 point car by National Hemi Owners Association. Perfect original, unaltered. Loaded with options $16,000


These old cars climbed in value around the same time the real estate market started to boom 10 years ago, give or take. Just speculation but it seems like there was a lot of home refinancing going on and there was plenty of wealth to spread. Many finally had the money to purchase the old muscle car of the youth/dreams but drove the prices to absolutely insane levels. Much like real estate, the prices seem to be falling sharply.