Scott -
It's pretty easy why it spiked back then... people who
were young in the 50s and 60s and remember the Healeys
as their favorite car started to come into their prime
wage earning years in the early 90s... that combined
with Reaganomics which had pulled us out of the
recession in the early to mid eighties meant that the
target market for people who wanted healeys had good
disposable income at that time... hence the bid up in
price. Also, values for the Australian dollar and UK
Pound were very high at that time as well, driving a
grey market reimportation of cars out of the US into
those countries, further driving up the prices.
Interestingly enough, this last point is in occurance
again. Be prepared for prices to start climbing again
in the next year or two!
Cheers,
Alan
'53 BN1 '64 BJ8
--- scotyp@comcast.net wrote:
> Oh Wise Ones,
>
> Looking through some of my Healey records I was
> revisiting an old appraisal that had been done on my
> car mid 1990 in Seattle.
>
> It states "This type of automobile will appreciate
> markedly in the near future as they are now
> classified as a rare collector's vehicle".
>
> This was done before I owned the car and shortly
> after it had a "partial frame off " restoration.
>
> Given the fact that Healeys have appreciated
> relatively quickly in the past few years, how many
> feel they have reattained the level of value they
> enjoyed in the crazy market of the very early 90's?
>
> I was also curious about what caused that
> interesting "spike" in the sports car market back
> then?
>
>
> Scot
> '66 BJ8
|