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LOWDOWN · 10-21-2010, 03:55 PM

THE most basic "economics" principle:

Something is worth what someone will pay for it...as little...or as much... OK?

A "story"...that happens to be true, involving Camaros:

Late-'68. Fred Gibb/Dick Harrell get Vince Piggins to create a COPO number for a '69 plain-Jane Camaro (9560) with a ZL1 engine. Sanctioning bodies say, "Gotta be 50 made"; Piggins says, "Ditto"; Gibb orders 50, variously, on the assurance from Piggins that "the price will be right". First few land; others hear about it, and 19 more are ordered as well by "others". THEN the invoices start arriving...a vanilla Camaro with an all-aluminum 427 costs over $7-freakin'-GRAND!! Some were shipped back; some dealers got "unavailable" inventory to "support" their support; some got converted to other engines just to move 'em at any price; some languished...for up to two years...

Wanna buy a scrap 9560, serial number/documentation intact, like the one Reggie Jackson had burn in his garage fire a few years' back? SCRAP...well into $IX FIGURES, today...

A Buick "story", more recently: 1987 Regal GNX...540-odd made...$29,995, new. Today? Choice ones go for $IX FIGURES...

"They're only worth what someone will pay..."

As to the "concerns" about "2-year leases", this is a repeat of what Ferrari has done several times in the past...the Enzo being a recent example. There is precedent.

10-21-2010, 03:55 PM	#61
LOWDOWN Downright Upright Drives: Daily Join Date: Apr 2009 Location: Cruisin'... Posts: 4,145	THE most basic "economics" principle: Something is worth what someone will pay for it...as little...or as much... OK? A "story"...that happens to be true, involving Camaros: Late-'68. Fred Gibb/Dick Harrell get Vince Piggins to create a COPO number for a '69 plain-Jane Camaro (9560) with a ZL1 engine. Sanctioning bodies say, "Gotta be 50 made"; Piggins says, "Ditto"; Gibb orders 50, variously, on the assurance from Piggins that "the price will be right". First few land; others hear about it, and 19 more are ordered as well by "others". THEN the invoices start arriving...a vanilla Camaro with an all-aluminum 427 costs over $7-freakin'-GRAND!! Some were shipped back; some dealers got "unavailable" inventory to "support" their support; some got converted to other engines just to move 'em at any price; some languished...for up to two years... Wanna buy a scrap 9560, serial number/documentation intact, like the one Reggie Jackson had burn in his garage fire a few years' back? SCRAP...well into *$IX FIGURES, today... A Buick "story", more recently: 1987 Regal GNX...540-odd made...$29,995, new. Today? Choice ones go for $IX FIGURES... "They're only* worth what someone will pay..."** As to the "concerns" about "2-year leases", this is a repeat of what Ferrari has done several times in the past...the Enzo being a recent example. There is precedent. Last edited by LOWDOWN; 10-21-2010 at 04:58 PM.