EP013 In the Fast Lane of Classic Cars with David Williams

In Episode 13, Catfish Groves and Brett Hatfield talk about a rusty, dusty Plymouth that could be worth $500K…a great crate coming in over 1100 horses…F-U before my F-150…and who’s holding their own on the collector car market.

Then, in segment two of Road Muscle Radio, David Williams, who with his wife owns Fast Lane Classic Cars in St. Louis. It’s a HUGE shop that rebuilds, restores, refines, modifies, maxifies, and maintenifies whatever you drive. Plus, they sell some HOT HOT HOT resto’s, restomods, hot rods, rectified rat rods, motorcycles- I mean, it’s Schwing-town, population you. Plus we’ll find out how David’s weekend went on the drag strip and race course…cuz he does that too!

 

NEWS:

https://www.carscoops.com/2020/06/this-beat-up-old-plymouth-is-expected-to-fetch-at-least-500000/

This Beat Up Old Plymouth Is Expected To Fetch At Least $500,000

BY MICHAEL GAUTHIER |

Set to go under the hammer at Mecum’s Indy auction next month, this 1971 Cuda convertible is a rare breed as it’s an export model.

This makes it pretty unique as the auction house noted the export market wasn’t large and “this amazingly unrestored 1971 440 6-BBL Cuda is one of only two such cars from the final year of Cuda convertible production.” On top of that, this car is just one of “17 V-Code 440 6-BBL Cuda convertibles” produced that year.

While it’s clearly not in the best shape, the car spent 35 years locked away in a storage container. However, that didn’t offer much protection as the paint has faded and there are numerous rust spots. Despite this, the interior appears to be in relatively good shape and the “driveline and mechanical components have been refreshed.”

Originality is key when it comes to cars like this and Mecum says the vehicle is well documented and includes a broadcast sheet, a fender tag and a door VIN decal that is still intact. The model also has its original body panels as well as a 7.2-liter V8 engine with a six barrel carburetor.

Other highlights include a Tor-Red exterior with a contrasting black top, rallye wheels and a “Go Wing” rear spoiler. There’s also black bucket seats, a “Slap Stik” shifter and a TorqueFlite automatic transmission.

The car is expected to fetch between $500,000 and $700,000.

 

https://www.musclecarsandtrucks.com/katech-track-attack-lt5-crate-engine-corvette-zr1/

So last show, we talked about a crate engine LS swap that had come out- the LS427-570.  This calendar week, not to be outdone by last week, now offers a Katech LT5 crate engine that puts out…waaaaaait for it….over 1100 horespower.

According to the article at musclecarsandtrucks.com, Katech has uccessfully built race engines for the championship-winning Cadillac CTS-V.R, Corvette C5.R and C6.R, among a long list of other race vehicles. They’ve just released the new Track Attack LT5 crate engine.  This C7 ZR1 engine packs 1,159 hp, 1,063 lb-ft of torque, and you can buy one.

To get these insane power levels, the team at Katech has completely overhauled the LT5. It features :

-proprietary LT5 CNC-Ported cylinder head with Competition Valves,

-new pistons from Diamond Pistons, and

– two supercharger choices.

Displacement is also rated at 388 cubic inches, up from 375, while compression is raised to 10.3:1 from 10:1.

There’s no word on price right now. To get an LT5 from GM directly, you’re already looking at $18,811 before any mods. You could probably go to another tuning company to get similar power out of the engine, maybe even for less money, but it’s hard to deny Katech’s legendary rep.

 

https://www.musclecarsandtrucks.com/ford-great-american-truck-survey/

by Lucas AllenJune

MOST PICKUP OWNERS WOULD GIVE UP DRINKING BEFORE GIVING UP THEIR TRUCK

Ford’s 2020 Great American Truck Survey Reveals Some Wild Statistics

The Ford F-Series was the top selling truck in 2019, according to statista.com.  and Ford just posted the results to their 2020 Great American Truck Survey.

This exercise conducted with the help of Penn Schoen Berland surveyed 2,000 truck owners here in the States to learn a bit more about the people behind these vehicles. Ford Truck owners made up 38 percent of the group surveyed. Of the total surveyed,  54 percent were male and 46 percent were female.

Another statistic that you might not expect is the fact that 40 percent of those who responded to the Great American Truck Survey said that they are excited about electric pickup trucks, while 62 percent of those responding from California shared this sentiment.

Ford asked what the top reasons were that an owner might consider an electric truck, and the responses were very much in line with what you’d expect. Across the board it came down to whether or not these trucks will be as capable as their gasoline counterparts, whether or not charging infrastructure is in place, and whether or not maintenance costs will be lower with an EV.

 

https://wolfstreet.com/2020/06/15/classic-cars-as-asset-class-get-hit-high-end-prices-hit-hardest/

Asset Class of Classic Cars Sinks, High-End Hits 5-Year Low, Priciest Ferraris Drop the Most. American Muscle Cars Fall to 2007 Level

1958 Ferrari 250 GT California Spyder LWB down 29%. But “Affordable Classics” sizzle.

By Wolf Richter .

Recently, auction activity dropped to the lowest level since December 2010, and private-market activity fell to the lowest level since May 2012, according to Hagerty.

The Hagerty Market Index – which tracks prices and volume of classic cars that sold at auctions and private sales, and is adjusted for inflation – dropped 1.9% in June from May to a value of 138.07. It is now down 11.8% from a year ago, and 26% from the all-time high in August 2015. During the Financial Crisis, the index fell 16% peak-to-bottom/

Price changes ranged widely among Hagerty’s seven primary indices, with the Ferrari Index and the Blue Chip Index experiencing the biggest price declines, and with the Affordable Classics Index experiencing the only price gain.

The Wolf Street article looked at four indices: Blue Chips, Ferraris, Affordable Classics, and American Muscle Cars.

The Hagerty “Blue Chip” Index of the Automotive A-List

The average price reflected in this index of “25 of the most sought-after collectible automobiles of the post-war era” dropped 7% in May from the last reading in January, after having dropped 6% in January from the prior period, to just above $2.25 million. The index is down 14% from the $2.62 million peak range in 2018.

But note over the 2013-2014 period, the average price doubled! Since 2007, the index is still up fourfold!

Hagerty observed:

  • “Over half of the component cars tracked straight.”
  • “The Ferrari 250 GT California LWB Spyder and the Lancia Aurelia B24 Spider America each shed nearly a third of their values.”
  • “Other iconic classics like the Aston Martin DB5, Mercedes-Benz 300SL, 1973 Porsche 911 Carrera RS and Shelby Cobra 289 all experienced drops that were less severe but still significant.”
  • “The sole gainer this period was the Tucker 48, largely thanks to a massive auction result in Scottsdale.”

The Ferrari Index:

The index averages the prices of 13 of the “most sought-after street Ferraris of the 1950s-70s.” Their average price dropped about 8% in May from January, to $4.8 million, and is down 15% from the peak in January 2016 ($5.7 million), after having skyrocketed sevenfold from 2007 to the peak in January 2016 (chart via Hagerty):

Hagerty observed:

  • “Not a single component car recorded an increase, while over half of them lost value.”
  • “One of the index’s most expensive cars – the 1958 250 GT California Spyder LWB – was the biggest drop at 29 percent.
  • “Other declines, both within and outside this index, were much more modest, but the 250 GT SWB still shed 7 percent (or $600,000).
  • “Not all Ferraris are sliding, as later and less expensive models [outside the index] like the 360 coupe, 348 ts, 550 Maranello, 456 GT and Mondial all recorded an increase.”

Affordable Classics Index (NOTE- THIS INCREASED…DAMMIT.)

This index averages the values of affordable cars from the 1950s to the 1970s below $40,000. The average price rose 4% to a new high in May, from January, the only one of the Hagerty’s primary indices to experience a price gain.

The index has been on a consistent up-trend since 2015, with the average price gaining about 30% over the period. These price increases have caused Hagerty to raise the cutoff price for “affordable” from $30,000 to $40,000 recently, but the chart still says $30,000 (I added the red adjustment to reflect Hagerty’s text):

Hagerty observed:

  • “Most of the index’s component cars tracked steady, none of them lost value.
  • “The 1967 Beetle and Karmann Ghia continued their upward trajectory.
  • “The Datsun 240Z notched a large increase as well, with the best examples now past the point of being considered affordable.
  • “Many of the market’s biggest gainers outside of the index, from BMW 2002s and other classic Volkswagens to Toyota MR2s and Dodge Stealths, also fit into the affordable sub-$40,000 bracket.”

Muscle Cars: Index of 1960s American muscle cars

This index – it averages the price of “the rarest and most sought-after muscle cars” – ticked down 1% in May from January, to about $285,000, after having experienced the largest percentage drop of the Hagerty primary indices in the prior period. Since the peak in January 2018, the average price of these machines has dropped about 17%. The index is back where it had first been in 2007 (chart via Hagerty):

Hagerty observed:

  •  “Small drops for the 1970 Chevelle LS6 and 1969 Mustang Boss 429 as well as a large drop for the 1964 Impala SS convertible were enough to pull the rating down.
  • “It’s a similar story for other mainstream muscle cars, with values either tracking straight or weakening.
  • “Many higher tier models sold for lower results than expected during the earlier weeks of the year.
  • “Muscle cars have been experiencing volatility since before the events of March 2020, and the ensuing crisis hasn’t helped confidence.”

That’s the money side. But for nostalgia stocks and emotional bonds, our cars are right frickin’ up there in the all-bull-but-no-b.s.-market.

 

SEGMENT 2

  

We’re back with Road Muscle Radio.  Find us on the web at Roadmuscleradio.com, on twitter at RoadMuscleRadio, and on facebook.  Plus find us drooling at car events all around Kansas City, cuz that’s how we roll.

Fast Lane Classic Cars  has a motto- “We sell investments that accelerate.”  They ain’t kiddin’.  Founded in 1994, this family-owned classic and collector car dealership has built itself into a campus in St. Charles, Missouri, with three huge showrooms filled with over 180 high quality cars, trucks, and motorcycles.   Cobras? You bet- as the largest Backdraft dealer in the midwest.  1947 Indian Chief?  Yup. 57 Corvette? Sure.  69 killer green Camaro? Got it.  1970 Superbird? Naturally.  1976 Good Times sexy Chevy Van?  Check. 2010 Big Dog Bagger?  Duh.  And soooo freakin’ many more.

David Williams, welcome to Road Muscle Radio.

  1. When did you first know you were hooked by the horsepower bug?
  2. How did you get into the classic and collector car biz in 1994?
  3. Tell us about the inventory at Fast Lane Classic Cars.
  4. Not only do you sell these cars, you help people create or restore their own. What all restoration and modification services do you offer? What are some of the coolest recent mods you’ve done?
  5. And you even do regular maintenance on regular cars?
  6. How did you guys do during the total Covid crackdown?
  7. Where do you see the market heading?
  8. This past weekend, you hit the tracks. Tell us about where you went, what you drove- and how you did.

9- BRETT’S CLOSER: WHAT’S THE STUPIDEST THING YOU’VE EVER DONE IN A CAR?

Visit fastlanecars.com for contact info, and to see the pure car porn they call their “inventory.” (636) 940-9969 427 Little Hills Ind Blvd,, St Charles, MO 63301.

You can also find Fast Lane Classic Cars on facebook, youtube, twitter, and instagram.  David Williams, thanks so much for joining us on Road Muscle Radio.

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