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MG TD TF 1500 - Hagerty bottom 25

Hagerty's new list of the 25 most unloved collector cars puts MG TD's at the very bottom with prices plummeting over last year and a half! Yikes!
J K Barter


You wouldn't know that judging by dealer asking prices on AUCTIONWATCH. And yes I know they don't sell many cars at those prices.

Jim
James Neel

I guess we should buy on the dip.
J K Barter

This trend began in the late 1980's-early 1990's. The TF 1500 has recovered well, as have the early TC's, and TC EXUs. TD/c cars still fetch about 20% over standard TDs.
People who buy a car, restore it with an engine overhaul, new wood, re-chrome, instruments, paint body and interior seldom come close to recouping their money when they sell.
Be well,
David
D. Sander

The statement doesn’t surprise me as those who truly have a fond attachment to these wonderful little cars and purchased or wanted one when new are now in their twilight years. Those in the next generation ( late baby boomers) got our start from our parents involvement in them or new someone who had one. At least in my case that is. But the the Gen Xers and later newbies to driving have little interest in crude little cars with no HP. In fact a lot of kids in the last ten years have little desire to drive at all. They don’t take shop classes to know how cars work and few care to learn. No not surprising. A fair assessment on Hagertys part... not in my book

Bill Chasser
TD-4834
W A Chasser

It's the natural progression...the model T and A group has pretty much passed on and so have the higher prices that they once brought with the exception of the really nice ones...the market I think has peaked and is starting down ward on the 50's automobiles and the 60's muscle cars are not far behind...


There area some with interest younger than most of us but the numbers are fewer and with the trend toward self driving..non gasoline cars of the future I don't see much desire for anything but museums for most of our rides in the future.

The world is changing.
L E D LaVerne

It used to be that every generation had a contingent of born collectors and history buffs who loved old houses, old furniture, old art, old books, old cars and machinery, but all of these areas of interest seem to be fading.
It will be up to a few odd-ball characters of the future like the folks on "American Pickers" who will have a couple of hundred MG's that they bought at yard sales for pennies stuffed into an old warehouse when some future nostalgia craze sweeps across the nation as Disney does a block buster movie of "The Red Car" and then the" T series "will rise from the ashes.... or maybe not. Meanwhile I'm not counting on my old stuff being worth anything in my lifetime.
J K Barter

Forgive me if I offend, but I can't wait for muscle cars to drop in value. I'm so sick of these so-called muscle cars taking over the classic and antique car hobby. Gee, a coveted 1967 Camaro SS did a blazing 0-60 in 7.9 seconds. Wow, that's muscle I guess, but my 2014 Hyundai Elantra GT hatchback does the same 7.9!!

I've pretty much given up watching the Velocity channel, except for a very few shows, due to nothing but Camaros, Firebirds, Mustangs, and the like. Seems like all the so-called restoration shows are nothing but muscle cars, chopping, lowering, and really gawdy paint jobs.

Most classic car sales websites look like just used car lots to me, with a rare exception of a few true classics or antiques.

End of rant :-)
L Karpman

Yes, we are going through a down cycle, not only for MG T cars, but for several others things (antiques, memorabilia), that our generation holds near and dear. I have antique, heirloom furniture (been in my family 150 years) that none of my extended family (kids, nieces/nephews) want. Same goes for my '60s rock concert poster collection(Hendrix, Grateful Dead, etc.)- I was told to unload them now before our generation, and the appeal, are gone. All this stuff, including our T cars will likely not be back in fashion for 20 more years.
Tyler
C.T. Irwin

My neighbor runs a service where he picks up households from older people that die. The families don't want any of the furniture or most of the nickknacks.

He said brow furniture (dressors, tables, etc. are tough to sell now adays.
Bruce Cunha

It’s exactly the same over here.
Dave H
Dave Hill

Like it or not, LED is right on. Even the Miami Vice style Testarossa Ferrari is close to the TD on the list. Unless you are planning to sell soon, who cares about value? Drive our great cars and have fun! George
George Butz

I agree with George, most of us love our cars and probably don't care that much about resale value anyhow. On the other hand, the value of my "TF" has held up well- it is still worth what I paid for it in 1977.
J K Barter

It is part of the normal aging process. Happens to every generation.

When we liquidated our family home 20 years ago and asked the kids if they wanted anything. They wanted nothing so we had someone haul it off.

Lets face it most of that old stuff including our cars and even us are totally outdated in today's modern world. It just does not fit modern lifestyles.

Joe

JWP Policastro

I gave my car to my 46 year old nephew and he loves it. drives it all the time in season. he will pass it on to his sons. So there may be some out there that will keep the breed alive.
TRM Maine

My 15 year old granddaughter, who has been at every GOF Central since she was 8, is begging me to teach her how to drive the TD. She has also decorated her bedroom with pictures and models of TCs.
The trick is to start them young, encourage them to go to events, and keep it up. Sooner or later they will either walk away or catch the bug.
My son also was given an MGB some years ago, which he helped restore. Right now a 1 year old daughter is keeping him on the sidelines, but I expect he will soon be back in the fold.
Lew Palmer

I plan to keep my TC for another 50 years, hopefully more. And all my other cars as well! One college kid in my area is restoring an MGA, and another kid is restoring two TR-3's. Another friend is just now passing her TC of 40 years ownership to her daughter who will continue to drive it. Another TC owner passed recently and his son and daughter-in-law are doing a rolling restoration. And the son of yet another who passed away a couple years ago still drives both of his father's TCs.

The world is changing but it always has. It's a new car, then a used car, then an old car, then a nostalgic car, then a collectible car, then a rich guy car, then a collectible car again, and then an enthusiasts' car where it remains forever. That's where our cars are now.

Model Ts are still around after 110 years, and I think our MGs will still be around when they're that old as well. And it will be mostly old grey guys driving them just as it has been for the past several decades! And if everyone loses interest in Ts when they're 110, then that's great, there will be more for me. :)
Steve Simmons

Who is this Hagerty guy, and what does he know about owning a TD?
IW Martin

Hagerty Insurance.
Dave H
Dave Hill

My two grand kids in my Y Tourer at Christmas. I hope they continue to show an interest in the YT and the TD when it is back on the road.
Zac liked pressing the horn button.
cheers
Stuart

Stuart Duncan

Maybe interest is just skipping a generation. My grand daughter was quite smitten with the TF. In this photo she was enjoying detailing the car....

J K Barter

This thread was discussed between 05/01/2018 and 10/01/2018

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