|Originally posted by Formula88:|
Probably the biggest danger to the Fiero is they aren't widely considered collectible, so most people don't try to preserve them and they get crushed or parted out. That will dwindle the supply of Fiero-specific parts more quickly than just time itself. If someone sees a rusted hulk of a '57 Chevy or '71 Trans Am, they're going to try and save it. A Fiero in the same condition would get scrapped without a second thought.
Collectable cars of real value are generally saved that is a big difference.
Whole the Fiero may be collectable to some it's value due to supply and demand has kept prices low. Also the other issue is those who love the Fiero generally like it because of the low prices.
Many cars can be collectable but few are to the level of a 57 Chevy< GTO or the increasing in value Trans Am.
Also lets face it most 80's cars are still too young to be much of value yet. The GN or some really limited models like the GNX can see some value but ones even like the Syclone really are still good buys. The Z/28 and Trans Am of the same era are still good bargains as is most Mustang models.
I had a Chevelle SS and even a GMC Sprint SP with a Big Block and neither held much value till they got to 35 years old and many of the questionable models were used up. The Fiero is still a new kid on the block and everyone wants to make it into a instant classic and that is only something that time, demand and attrition can do.
If you want value there has to be less cars and more demand. Sorry but that is the way it goes. And to top that off cheap cars in junk yards are just not going to be there either.
Hell I remember in the 80's we would go in and pull the front clips off of 65 GTO's that were complete and in some what decent condition. Why because they were still cheap and only about 25 years old.
It is getting old as it is not just some Fiero people but most other make where they all are trying to create the next collector car as soon as it is built. This has lead to many cars just sitting in garages that make it easy years later to find a good example but it also depresses prices. Some of todays most values collector cars at sometime in their life held little value in general and often were either produced in small numbers or just not saved due to lack of interest.
The Daytona and Superbird were two examples that were hated when new and did not sell well. Another is the GTO Ferrari one of the most valuable cars in the world. It was a car that was considered by 1970 as just an old low volume used up race car. It was fragile and expensive to maintain because it was made to be fast in short burst and rebuilt. This lead to people like Nick Mason who bought one for under $8,000 around 1970 and with the now increased demand to values of $35 million plus dollars today.
We all need to get used to the idea as a car ages that there will be some less an we will not find them in junk yards. But we also much accept that this does not mean that values will increase a ton unless the market outside the Fiero collectors take an interest.
To be honest the Fiero has had a larger than normal group of collectors around it its whole life but that has also lead to many cars being preserved in great condition much more than the norm. This make it easier to find great models than most other makes out there that got used up. The nature of the Fiero as not being a daily driver also contributes to a greater number of excellent models out the.
You guys get excited when we have a national meet and get over 200 plus cars of one make. Now Segway to a GTO, Chevelle or even some national Camaro shows and they only may see 50-100 cars at best. This should tell you that there is demand but the number of affordable cars are still in greater numbers than most.
To gain value there is little anyone can do to change value outside buying up and destroying cars to create increased demand for less supply. That is something that generally happens naturally and with the Fiero it will be a slower process due to the number of cars and collectors of the car it has had its entire life.
Just because we count people on this forum there are still a majority of owners not on this site to.
Many just need to relax and let things take their course. As with any collector car buy it because you like it and then even if the value lottery may not hit you still have a car you like.