What is going with the used car market? Never mind that it is impossible to find a decent car for daily driving, but the enthusiast cars of the 1980s and 1990s are going for insane amount of money. Air-cooled Porsches are beyond insane point. Toyota Supras, ha! Then there was this Integra Type R. Now my neighbor informed me about this Alfa Romeo Milano which just sold for $19,500.
While less than $20,000 is not a ridiculous amount of money, chances are that you could buy more than a handful of Milanos for that amount. Granted, this was a Verde, an all-original one with low mileage, too. It was probably well maintained and everything worked as it should, but does that justify this price?
Undoubtedly, this is a bubble. I don’t know what’s causing, nor do I really care. I don’t know when it will burst but it’s interesting to watch from the sidelines. It’s my personal belief that cars should be driven and not treated as investments.
What else is going up in price? Caprice wagons? Grand Nationals? Any turd with a Shelby badge on it? Fox bodies?