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Seems fairly simple. The collectible car market was insanely bubbled during Covid, with ma y things double in price or more what they weee gen a year or so ear

by TylerE 2y ago

Seems fairly simple. The collectible car market was insanely bubbled during Covid, with ma y things double in price or more what they weee gen a year or so earlier. This attracted a ton of people who rushed to start making video content about these cars. That bubble has truely burst, and now those same cars are back to pre-pandemic levels.

redserk 2y ago
That's nowhere close to what the article is claiming, can you cite anything backing this assertion?
- TylerE 2y ago
  https://ls1tech.com/forums/what-worth/1972347-don-t-overpay-specialty-car-bubble-deflating.html https://ls1tech.com/forums/what-worth/1972347-don-t-overpay-... https://www.hemmings.com/stories/news/auction-market-reset-2023/ https://www.hemmings.com/stories/news/auction-market-reset-2... https://browncarguy.com/2024/05/01/why-classic-car-values-are-dropping/ https://browncarguy.com/2024/05/01/why-classic-car-values-ar...
sidewndr46 2y ago
Collectible cars have nothing to do with it. Most 'car' youtubers aren't even remotely into cars that are collectible. Jay Leno would be the obvious exception
- TylerE 2y ago
  Uh Hoovies Garage and Vinwiki are two of the most watched car YouTube’s and both deal exclusively with collectible cars. (And tgeee are plenty more similar guys… Matt Farah, he’ll even Doug Demuri is don’t more or less exclusively high end stuff these days. Daily Driven Exotics, Rob Ferretti…) Hoovie just announced that he is having to sell some stuff to cover debts because his collection has dropped in value over a million dollars. Used to be those guys could buy some super car, make videos with it for 6 months, making money on the videos, and then be virtually guaranteed to sell the car for more than they bought it for, because the whole market was up 5-10% a month. Some models literally doubled in value or more in under 6 months.
  - vuln 2y ago
    Hoovie also took out a huge lien against the lamborghini countach for the new house expansion. Plus the divorce. Hoovie is not like the rest of the car YouTubers. His father has multiple fast food restaurants called Freddy's Frozen Custard & Steakburgers. Which Hoovie has worked for. Hoovie also has “car issues” which is a Motor Trend Channel TV show.
financetechbro 2y ago
Confidently incorrect take

by TylerE 2y ago

redserk 2y ago

That's nowhere close to what the article is claiming, can you cite anything backing this assertion?

TylerE 2y ago
https://ls1tech.com/forums/what-worth/1972347-don-t-overpay-specialty-car-bubble-deflating.html https://ls1tech.com/forums/what-worth/1972347-don-t-overpay-... https://www.hemmings.com/stories/news/auction-market-reset-2023/ https://www.hemmings.com/stories/news/auction-market-reset-2... https://browncarguy.com/2024/05/01/why-classic-car-values-are-dropping/ https://browncarguy.com/2024/05/01/why-classic-car-values-ar...

sidewndr46 2y ago

Collectible cars have nothing to do with it. Most 'car' youtubers aren't even remotely into cars that are collectible. Jay Leno would be the obvious exception

TylerE 2y ago
Uh Hoovies Garage and Vinwiki are two of the most watched car YouTube’s and both deal exclusively with collectible cars. (And tgeee are plenty more similar guys… Matt Farah, he’ll even Doug Demuri is don’t more or less exclusively high end stuff these days. Daily Driven Exotics, Rob Ferretti…) Hoovie just announced that he is having to sell some stuff to cover debts because his collection has dropped in value over a million dollars. Used to be those guys could buy some super car, make videos with it for 6 months, making money on the videos, and then be virtually guaranteed to sell the car for more than they bought it for, because the whole market was up 5-10% a month. Some models literally doubled in value or more in under 6 months.
- vuln 2y ago
  Hoovie also took out a huge lien against the lamborghini countach for the new house expansion. Plus the divorce. Hoovie is not like the rest of the car YouTubers. His father has multiple fast food restaurants called Freddy's Frozen Custard & Steakburgers. Which Hoovie has worked for. Hoovie also has “car issues” which is a Motor Trend Channel TV show.

financetechbro 2y ago

Confidently incorrect take