VX prices plummet!

[UtahVXer]

I know many, like myself, are disappointed that the VX resale values continue to plummet. Although I have no plans of selling, it is still sad to see. I used to think the uniqueness of the vehicle, and the limited supply would cause the prices to eventually plateau. I guess I was just dead wrong. Anyone else have any ideas, comments, on this?

[kpaske]

A number of members here have expressed the hope or belief that the VX depreciation will eventually level off, if not reverse itself. Though I'm normally quite optimistic, I really don't expect that to happen. I knew going in that any vehicle isn't an investment because very few vehicles, if any, really make money in the long run. Even classic cars that sell for two or three times their original purchase price cost at least that in time and money spent on maintenance and restoration. Lets face it; the VX is a gas guzzling, undersized SUV in a world of overpriced fuel. We should all be proud to own such a unique and cool vehicle, but I wouldn't expect the general population to gain much interest in it any time soon, if ever. Just my two cents.

[transio]

I dunno, I don't think prices have dropped much in the last couple years.

[Numba1goalie]

Well from the rumors I have heard here about Isuzu "making a comeback in 2006", i am trying to stay optomistic that we will see the demand for these back again.

[kpaske]

I'm not sure if this is an apples-to-apples comparison, but VW made a comeback a few years ago when they reintroduced the "bug", but I doubt that made the value of the original "bug" go up. Of course, those cars were a dime a dozen, and the VX is a rare vehicle, but i think the fact remains that this will always be a niche market.

Maybe another 20 years from now, a "pristine" VX might sell for some outrageous price to a collector, but I suspect the market or blue book value will continue to fall or at best level off. If the general population hasn't shown an interest or appreciation for the VX up until now, I don't see how anything, even an Isuzu comeback, could change that.

[VehiGAZ]

I'm with kpaske on this one - no matter how unique the VX is, it's still just a low-gas-mileage older SUV in the eyes of the market, which is a tough sell in this day and age. Yes, an astute collector may look at it and see one of the few concept cars that came to life, but how many of those are there out there? Four?

Car collecting is a lousy "investment" - a classic collectable car sells for 20 times what it cost in 1962 sounds like it would have been a great investment, but the same amount of money dumped into a good mutual fund for that long would probably have appreciated far more when you account for all the maintenance, registration, and restoration costs.

I think the biggest hurdle for the VX is its anonymity - so few people know about it that a strong market will never develop for it. Even people who know cars don't know about the VX. Another example of this happened over the weekend - the guy who tied our x-mas tree to the roof rack was asking about it and was shocked that he didn't know about it. If more people knew about it, more people would want one, driving the value up.

[WormGod]

The VX has no "resale" value. It is simply priceless. You can not put a price on it. It's a gem. A gift, heaven-sent.

Why you would even attempt to put a price on it and sell it.... I dunno.

[transio]

Why you would even attempt to put a price on it and sell it

A million and a half dollars will buy a new Bugatti.