240Z prices are dropping.

[ozlime240z]

Hi,

I've had my 240Z for 4 years now and haven't really been paying much attention to the market, but it appears in the last 4 years the price of 240Z's in Australia has dropped quite signifigantly.

What do people think, prices going up or going down?

Mike

[theianmonster]

They seem to be going up in the states.

[boyblunda]

Hi Mike

Good question as I have been pondering this for some time myself.

It is really difficult to objectively answer this query given the small turnover of 240Z's in Australia. One of the things I would need to make a valid judgement on your question would be the ability to compare the sale prices of vehicles of similar vintage and condition.

From a Western Australian point of view I do not see many 240Z's lasting long in the market place and it seems that few of the better buys even make the general market place. I know two WA owners who recently bought their $10,000+ 2 seaters sight unseen from the east because of the lack of suitable cars in this State.

My subjective observation is that people are asking more for their cars and that most of the 240Z's that are sold on ebay require some serious work to be done on them.

A thread with recent ebay listings and results can be found at :

http://www.wazregister.com/forum/viewtopic.php?t=110

There are plenty of 2+2's listed but comparatively few 240Z's. There have been some 240Z's that have sold for what I thought were good buying prices but I have never seen the vehicles so I would not know their real value.

The Eastern States have more activity in the advertising, buying and selling of 240Z's and a better opinion on your query will probably come from there.

Regards

[blue_leaf]

Prices going down - right.... Here in melbourne they seem to be going up for any classic Z - even 260 2+2. 240 are very rare as you would no doubt know so prices just keep growin and i dont see them stopping. A few years ago i heard of people getting unrestored 240z for $500 or less... nowadays you are lucky to find one for $2000 - in the same rusted/thrashed condition. But I still think these cars are worth a lot more.

[boyblunda]

And just to prove me wrong here we have two previously unlisted 240 Zeds listed on ebay today.

http://wazregister.com/forum/viewtopic.php?p=1020#1020

[Curtis 240]

Hello, Personally I think there going up. although it depends on the seller and the condition of the car. I bought a 240z about 6 months ago and was the

213th car built with turbo etc for $900. If this car were to go on ebay I reckon i could have got 2000.00+.But at the end of the day people i talk to that thought they were just old dattos, are even now saying their getting hard to get and are going up in price.

Curtis

[Alfadog]

Prices are going up - slowly - IMHO. But like Dave said, it's so hard to track. I do not believe eBay is the best way to track values at all... but it is easy and at least gives some idea!

[1973Z]

Prices for very good condition 240Z's is going up. Prices for low VIN's are going up. Prices for crap, staying about the same, IMO

[WarrenZ]

I agree with 1973Z.

There have been some $10K + sales in Melbourne in recent months and one was just sold for $23k. http://www.viczcar.com/forums/viewtopic.php?t=719

Then again if you have a lazy $45k to spend then check out this 260Z

http://www.viczcar.com/forums/viewtopic.php?t=707

Warren

[260DET]

As Warren said, thats for the coupes. The +2's, probably not going much anywhere.

[petespipes]

70 model,matching numbers,straight,little rust,complete

last rego 91. number l24 018178 12\70 00212 on ebay now [mine,for now]

no link,just search 240z.

a few on there now at similiar price.

All the guys I know in the area of custom paint and car builds are absolutely flat out.The common opinion i come across is that an ever increasing number of cashed up individuals would rather invest in an appreciating,interesting older car rather than a 50k commodore with similiar performance.

not hard to relate to.

[sjcurtis]

For my 2c, I am seeing good quality moving well in the price stakes,in lots of markets. Yes and the junk is still at junk prices, the common line I suppose.

Cheers

Steve:classic: