Hemmings October Issue, Mark II Value Trend

[Phil Gevertz]

On page 24. Says Mark II values peaked in 2005 at $30K, but will "lead the way". When they start to become more expensive, once again, you'll know everything is going to be all right". Acknowledges values were hit harder then we would have expected by the most recent recession. Article by David Travor Adolphus. Current average value: $25k.

[Shelly Harris]

I've read the article and I disagree. Maybe it's how you define average value. I think any decent drive-able Mark II that sells for $25K is a steal.

[Barry Wolk]

I concur. I think the price is low because the price of restoration is so high and because so many are available. However, I have seen survivor cars rise in value so a buy and hold might be a good idea.

[5219]

A couple of years ago, Hemmings Editor Richard Lentinello spoke at an AACA annual meeting.

I recall that he said that when he prints car values in his magazines, he always tries to price cars near the bottom end of the range. He didn't say why he does this, but I suspect that he doesn't want to be accused of manipulating the market by fueling speculators.

I agree with Shelly that 25K is a lowball number for a driveable car.

When I was calling ads before I bought my car, I was amazed at the number of incomplete and partially disassembled Mark II's out there. These cars were not identified as such in the ads. Most of them were priced in the high teens.

I am sure that they drag down the average price. If you rely only on print ads to determine value, as I am sure that Hemmings does, you will not get a realistic average price.

[JBTC3]

I was at the Gooding auction on Pebble Beach last month when an unrestored or badly restored and not particularly nice Mark II that was a european car sold new in Switzerland sold for $38,500. I think the $25k number is very low.

[Roger Zimmermann]

It was well sold because they know that I did a minor repair to that car more than 25 years ago!

[Dan Koser]

I concur. I think the price is low because the price of restoration is so high and because so many are available. However, I have seen survivor cars rise in value so a buy and hold might be a good idea.

I agree with this philosophy of buy and hold. It's a great time to buy, but not a great time to sell, IMHO. The amount of "disposable income" is somehwat limited and folks who do have it are holding on to it....largely because of the current US economic situation and in some sense the debt issues in Europe. Presumably (the operative word) once those issues work themselves out, consumer confidence will rise and that disposable income will favor collectors who've "invested" while the market was down. Time will tell. Regards, Dan

[Don Henschel]

I agree with this philosophy of buy and hold. It's a great time to buy, but not a great time to sell, IMHO. The amount of "disposable income" is somehwat limited and folks who do have it are holding on to it....largely because of the current US economic situation and in some sense the debt issues in Europe. Presumably (the operative word) once those issues work themselves out, consumer confidence will rise and that disposable income will favor collectors who've "invested" while the market was down. Time will tell. Regards, Dan
Yes a very good time to buy another if you can afford one! If I had more room I would certainly be foolish enough to grab another! Even the V12 Lincolns are very affordable as well.