Saturday, January 23, 2021
Exactly dated prediction
Reading old Collectible Auto as usual while eating. In the Aug 1996 issue, this feature caught my eye. The car is completely uninteresting, but the text mentions politics and makes a specific prediction that can be checked today. CA wisely avoids partisan crap, and rarely mentions politics except for repeating the conventional nonsense about Henry Ford.
As for appreciation, forget it. This car will still be depreciating when Bill Clinton's fourth successor is in office.
Well? Clinton's fourth successor is in office exactly now. 1 Bush Jr, 2 Obama, 3 Trump, 4 Biden.
How did the prediction hold up?
From Hemmings price guide:
Prices for 1990 Oldsmobile Toronado
The average asking price is: $7,998.50
The highest asking price is: $8,000.00
The lowest asking price is: $7,997.00
Yup. In '96 the highest price was 10k. Inflation would have made it 16k this year. Now the only price is 8k, half of what the inflated '96 value would be.
As for appreciation, forget it. This car will still be depreciating when Bill Clinton's fourth successor is in office.
Well? Clinton's fourth successor is in office exactly now. 1 Bush Jr, 2 Obama, 3 Trump, 4 Biden.
How did the prediction hold up?
From Hemmings price guide:
Prices for 1990 Oldsmobile Toronado
The average asking price is: $7,998.50
The highest asking price is: $8,000.00
The lowest asking price is: $7,997.00
Yup. In '96 the highest price was 10k. Inflation would have made it 16k this year. Now the only price is 8k, half of what the inflated '96 value would be.Labels: Metrology
¶ 6:34 AM
