September 21st, 2004
By Associated Press
“Baby boomers ranging from age 40 to 58 are driving a surge in the classic car market, buying the cars they couldn’t purchase when they were younger. Muscle cars such as Mustangs, GTOs and Camaros are among the automobiles propelling the market, said Graig Jackson, president of Barrett-Jackson Auction Co., in Scottsdale, Ariz., the country’s largest car caution house. Sports cars and street rods are also popular.
Many of these cars command prices well into five or even six figures. Jackson said a 1969 Camaro ZL1 would fetch between $550,000 to 750,000, up from $250,000 two years ago. A 1965 Shelby 3TG50 Mustang would command $110,000 to $120,000, up from $55,000 in 2002.”
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