| Re: Buyer's market for pristine RWD Caddies? As a whole, I don't think prices have changed much from a year ago. Also, it may depend on age with these cars. Caddys less than say 25 years old, probably fall into the "used car" category, while those older are considered "classic/vintage". That will affect prices somewhat.
I've been following prices on the late '70s models for nearly 2 years now, since I decided to purchase a low mileage one back in '06. At that time there was a '77 Coupe with 8,000 miles @ $25,000 (kinda high), a '79 Coupe with 23,000 miles for around $12,000 and a '77 Coupe with 67,000 miles that was being offered @ around $7,000 (nice, but was needing some attention). There were several others at the time with less than 25K miles in the $8,000-$12,000 range.
A mint 2,800 mile '79 Coupe had brought $14,000 at a Barrett-Jackson auction in 2005. They (Barrett-Jackson) acquired the car in a collection sometime later, and they offered it at $19,995 in their showroom (they sell cars too). Some months later, they marked it down to $15,995. Around that time (late '06), I offered them $14K and purchased it (car had 2,833 miles).
Caddys are considerd "shallow market" cars, meaning there's a limited number of people seeking them out (most '70s cars fall into this category). '50s models will continue to rise in price, and perhaps '60s models. '70s Caddys are gaining somewhat in prices, mostly the well cared for low mileage coupes. Surely the economy is going to slow things down on some of these cars. Meaning deals will be found, especially with the later model RWDs of the '80s/'90s. |