Certainly seeing a change in old and new vehicle prices, 0% financing or reduction in prices on pickups of $10-15,000, plus a large increase in lot inventories for new and used. Could be a lot of model year leftovers and deals this fall. Covid and parts shortages caused a 20-30% rise in vehicle prices, some of that is coming back to earth.

I've noticed that too, but I'm not sure we're quite back to pre-covid levels yet.  I'm guessing we will be soon, though, if the economy continues to be as bad as it has been, or continues to worsen (as appears to be the case).  There are other factors involved as well, as we of the 'car guy' generation age, and with enthusiasm among young people being generally low.  Also attitudes about the environment have changed which also has a negative effect on the old car hobby (IMHO).

I think a large part of this is the fact that the demographic that would purchase the cars is dying off.

Are those Cdn or US dollars, Todd?

IMHO, in either currency almost $50K for a #4 condition Chevelle is crazy.  Prices have to come down a whole lot before the average person can shell out $50K in today's economy for what amounts to a restoration project that you will have to throw another $50K into.  Or just buy the finished product for $108K, not knowing what hides under the shiny paint, or what kind of mechanic did the work.

Perhaps I'm being over nostalgic, but when I got into the hobby, the cars could be found for prices that allowed it to be a hobby.  You could do most of the work yourself, but even the stuff that most of us can't or won't do, like paint, was expensive but not crazy expensive.  Now, if I'm going to invest $100K into something, I'm getting a loan, and it's now an investment vs a fun old car to tinker with.

I suppose that's why, if I ever become active in the hobby again, it will be with a basically original, non-popular 4-door or something.

Then, there is the draw of newer muscle cars, which don't require the degree of repair and maintenance of the older stuff, that might be more amenable to an aging body that doesn't enjoy crawling underneath a car so much anymore.

The hobby is changing, and surely the drop in prices will make it easier to participate for many.  It will also cause a drop in the investment aspect as well, though people won't get the money out that they put in... but then hobbys have never been free, they should just be affordable.

That's my nickel... can't do 2 cents anymore since we no longer have pennies...

Youre right!  Pricing is determined by the market, but that market no longer includes me.  ;)

Maybe it will again as prices continue to come down.  :)

I will add that if a person had held onto their old cars, which I didnt, they would have retained the equity to buy something different as they sold or traded what they had.