Are Fieros really going up in value? (Page 1/5)
Cliff Pennock JUL 03, 08:53 AM
As you may or may not know, at the top of The Mall section there's a lists of all Fieros for sale on eBay. The thing that strikes me is the number of $10K+ Fieros listed. In fact, there are only 3 Fieros listed under $5K. There are even two listed for $23K now. Granted, one of them is a very, very nice choptop, but the other is an ordinary white GT with 45K miles on it.

So do Fieros really sell for those prices? And why have they become such high priced cars all of a sudden?
GTFiero1 JUL 03, 09:32 AM
I've noticed this recently around my area. Finding Fieros I'd consider parts cars for sale in $2,000 range and average condition ones double that.
Thunderstruck GT JUL 03, 11:30 AM
They have always fluctuated. As of now, they are on an uptick.

With the release of the new Corvette, I believe it's a new appreciation for a mid-engine "American" made sports car. Being that the Fiero is one of those as well as the first American made, mass produced mid-engine sports car, people are finally paying them some well deserved respect.
formulaWA JUL 03, 12:51 PM
Big difference between what people are asking and what they are selling for. Asking prices maybe going up but selling prices are not. Check Ebay completed sales.
I have a 2k original miles showroom condition Formula up for 10k for the past couple of years with no interest. There is another local Formula with 12k original miles up for 7k for the past few years and no interest either.....
FieroMontreal JUL 03, 02:16 PM
I see these listings all over the place but I never see the cars actually sell.

I've been on the market for a low KM 5 speed 88GT in Canada to replace my low KM 86 2M6. I've put aside $10k Canadian for one and although that would have been possible a few years ago owners are now asking nearly that much for a 88 GT with 200,000km. I've seen cars listed between 15-20k being relisted year after year and never actually selling.

I do think they are worth more than what they were however the fact that none are actually selling might be a sign that owners are over valuing their cars or over estimating the demand. As someone mentioned earlier what used to be a $1500-$2000 car is now being listed for 6-7-8k and just sitting there. Cars with more realistic price tags still seem to be moving. I sold an 87 Coupe last year, listed it about half price from all the other coupes and it still took about a month to sell.

FormulaWA, I've seen your ad over and over again on Kijiji. If I wasn't so fixated on getting the manual "GT" I've always wanted growing up I would have bought that Formula when it was listed for 10k. What a nice car.
cvxjet JUL 03, 02:22 PM

quote
Originally posted by Thunderstruck GT:

They have always fluctuated. As of now, they are on an uptick.

With the release of the new Corvette, I believe it's a new appreciation for a mid-engine "American" made sports car. Being that the Fiero is one of those as well as the first American made, mass produced mid-engine sports car, people are finally paying them some well deserved respect.



I believe you have hit the nail on the head.......Maybe also a bit of a relaxation of the good ole Car & Drivel "Hate US- especially small US made mid-engined cars from the 80s" BS.....
Zentaury JUL 03, 03:51 PM
I don’t think is the trend of the Corvette.

I feel more like the people that bought them (+50 year old now) with the “car investment” in mind (heated garage, yearly fluid changes, not driving them often) or that performed a restoration to “flip the car” are now trying to sell them, but the cars had never appreciated in price, actually they stayed the same or worst with the inflation, because even those cars will need one major maintenance service done if they are purchased. They want to recover their investment and those car are not being sold.

The people that kept the car without much maintenance but the car was sitting for a long time with low mileage still let it go for a couple thousands.

The trend is going with the new generation buying nostalgia items. They don’t buy 60s 70s Mopar, Chevy or similar.

Those that grew up with 80s cars and now want to buy a Foxbody, 944, DeLorean, and the ones from the. 90s want the Miata, Supra and Skyline. Those are the cars that are going up in value. E30 went up 10-15 years ago, and now the E46 are going up too.

On Instagram/YouTube is a growing group of 20-30 years old people that are buying all of those cars that I mentioned and doing restomods and swaps, and they get the medium priced cars that not require a big amount of work to get them in decent condition. Their followers are buying the lowered priced that need more work as project cars. That is what is moving the market.

The expensive ones that are garage queens are still sitting there.

[This message has been edited by Zentaury (edited 07-03-2020).]

cvxjet JUL 03, 04:46 PM
It is really criminal the damage that was done by C&D and the other biased road tests that claimed the Fiero was a "Three-legged dog with mange"......Was the Fiero perfect? NO!! But go check out an old Lotus/Pantera/MG/TVR......You'd be lucky to keep all the parts in the same GARAGE after a couple of decades!

I have taken several friends/coworkers/acquaintances for a ride in my Fiero...they almost always react with surprise that A) It still runs, B) Hasn't burst into flames, and C) "Wait....This is a (Basically) Stock Fiero? I never realized they performed so well!!"

Then I let them read the 1985 GT R&T test and the 1987 Peter Egan GT test and they state "I never read that! That makes it sound like a really good car!"

Our cars should be much higher in value.......They are directly comparable to mid-80s RX7s and 300ZXs.......(The non-turbo variants)
The Art Doctor JUL 03, 08:11 PM
So many listings on Ebay are dealers or consignment dealers. They are the ones that have been for sale for years at $16k and up.

The real question is what else does that money buy? For your casual old car sucker 16k will get a lot of desirable toys. A fiero is generally not on that list. Muscle car yes, plastic pontiac no. If you actually want and are seaking out a fiero there are plenty to go around, which along with said low demand keeps the prices down.

The middle ground is hard to find, garage queen or field car seem to be common but well maintained drivers are thin on the ground and do command a premium. But that premium seems to stall out at $5000. Above that they just dont seem to sell.
hyperv6 JUL 03, 08:23 PM
The prices on good clean cars have been up but so have other models in similar classes.

The reality is the 80’s cars are still not worth much outside a good clean unmolested GN or Syclone.

Mustangs and Camaros and all the Japan sports coupes are dirt cheap. Even 944 models with no turbo are not very expensive.

Corvettes can be a bargin with low miles at $12-15k