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Overpriced Midgets flooding the marketplace?

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nonracer Gold Member Steve Codianni
AZ, USA   USA
In reply to # 3891680 by Richard D Very nice Richard P cool smiley

X2 thumbs up

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Abington, PA, USA   USA
1976 MG Midget MkIV "Rodney"
Hi all,

Well, here is an other one on Hemming: https://www.hemmings.com/classifieds/cars-for-sale/austin-healey/sprite-mk-iii/2235986.html?refer=news.


Around my seven county Philadelphia, PA - Camden, NJ area it is not difficult to locate a running Midget or Sprite for anywhere from $ 3,000 to $ 6,000. Not running, $ 800 to $ 1,500. MGBs for $ 5,000 to $ 10,000; Running Spitfires are in this range. Any cars not running are typically listed with a price and "Or Best Offer." There are just so many about here and sitting in people's garages. If one were to put "Wanted" posters on telephone polls, a lot of phone responses would probably happen. May be that would be a good way to start a used roadster store. I am looking to do something in my recent retirement.

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Kerr Avatar
Kerr Platinum Member Norm Kerr
Ann Arbor, MI, USA   USA
I get a kick out of how alarmist the title of this thread was, and it was based on one overpriced listing (which didn't sell).

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littlecars Avatar
littlecars David Bassett
Nashville, TN, USA   USA
1965 Chevrolet Corvair "Ski Team Transport SOLD!"
1965 MG Midget MkII "Buffoon"
1966 MG Midget MkII "Swiss Cheese...SCRAPPED"
1970 Triumph Spitfire MkIII "Tamara's Turd... SOLD!!!"    & more
I'm with you Norm. I didn't expect this response and actually considered deleting my topic (or asking Skye to). I was entertained by the first dozen or so entries.

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littlecars Avatar
littlecars David Bassett
Nashville, TN, USA   USA
1965 Chevrolet Corvair "Ski Team Transport SOLD!"
1965 MG Midget MkII "Buffoon"
1966 MG Midget MkII "Swiss Cheese...SCRAPPED"
1970 Triumph Spitfire MkIII "Tamara's Turd... SOLD!!!"    & more
In reply to # 3899402 by Richard P. Senatore
Well, here is an other one on Hemming: https://www.hemmings.com/classifieds/cars-for-sale/austin-healey/sprite-mk-iii/2235986.html?refer=news.

Is that $9500 Bumpass money, or regular currency?

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200mph Avatar
200mph Platinum Member Mike Joy
Winston-Salem, NC, USA   USA
In reply to # 3899411 by littlecars I'm with you Norm. I didn't expect this response...

David and Norm,

I was also surprised, but I understand the sentiment... many people DONT want their Midgets to increase in value like other collector cars have.

They would prefer that Midgets forever maintain their status as affordable fun sports cars with a large supply of new and used parts at very reasonable prices.

They may get their wish.

Miatas are now at the bottom of their depreciation curve... many being parted out or turned into Grassroots $2000 Challenge or LeMons racers... they're all but disposable fun cars, just as MGBs and Midgets once were.

Sooner or later Miata values will rise, even though Mazda made more than a million of them. And Midgets may still be the affordable fun cars they've always been, just a little bit pricier than they are now.



MG drivers outlook:

. . . . . "Anyone driving slower than your MG is a MORON, and anyone who passes you is a FREAKING IDIOT!". . . George Carlin

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Richard D Avatar
Knoxville, TN, USA   USA
In reply to # 3899411 by littlecars I'm with you Norm. I didn't expect this response and actually considered deleting my topic (or asking Skye to). I was entertained by the first dozen or so entries.
I'm glad you didn't. A lot of interesting perspectives. It has made me a bit more aware of the realistic values of many of the cars I am seeing available. thumbs up

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GeorgeOhr Nonya Business
Yes, confused, USA   USA
Miatas are starting to go up around here already.

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RobbyJoe Rob Heib
Stanwood, WA, USA   USA
Just to add a little different perspective here... I'm not sure these "Overpriced Midgets" are really that overpriced. There have always been examples of classic cars where people "shoot for the moon" on asking price, so you have to expect those to stand out. I'm 50 years old, and started my car hobby back in the mid-80's, when used MG's were a dime a dozen. Even then, a $1000 car was considered pretty cheap if it ran. Adjusted for inflation, that same $1000 is worth over $3000 today. My job at the time paid $3.35 per hour (minimum wage), and minimum wage today is $15.00 per hour (in Seattle and surrounding areas). MG's continue to be the lowest priced option by far to get into classic sports cars. OK... I struggle to admit it, but 1st gen Miata's are getting to be classics too...

As far as the poor working Joe getting priced out of classic cars, keep in mind that in the 80's, a 20 year-old car was from the 60's. Today, you average Joe can easily find a 20 year old car (late 90's to 2000) for cheap money. Another factor is all the things that are competing for that 16-20 year-old's money. I wasn't worried about the newest iPhone, data plans, Starbuck's, the Nintendo Platinum 5000 virtual assistant, or any of the other "must have's" of today. At 16 year's old, I wanted a car... period.

Finally, today, we're looking at these "overpriced" examples on the worldwide web, wherever they are. Car's for sale have a worldwide audience trolling Ebay, Craigslist, BaT, or any number of other instant sources. I had the local newspaper classifieds, local word of mouth, and the "Little Nickel" want ads. Today, I can find the cheapest parts for my car by a quick Google search, and have them delivered to my doorstep in a matter of days... Instant gratification.

As Billy Joel says... "The good old days weren't always good, and tomorrow ain't as bad as it seems."

It's all about perspective. :-)

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littlecars David Bassett
Nashville, TN, USA   USA
1965 Chevrolet Corvair "Ski Team Transport SOLD!"
1965 MG Midget MkII "Buffoon"
1966 MG Midget MkII "Swiss Cheese...SCRAPPED"
1970 Triumph Spitfire MkIII "Tamara's Turd... SOLD!!!"    & more
keep in mind that in the 80's, a 20 year-old car was from the 60's. Today, you average Joe can easily find a 20 year old car (late 90's to 2000) for cheap money. Another factor is all the things that are competing for that 16-20 year-old's money. I wasn't worried about the newest iPhone, data plans, Starbuck's, the Nintendo Platinum 5000 virtual assistant, or any of the other "must have's" of today. At 16 year's old, I wanted a car... period.

thumbs upGood points, Rob. I remember riding with my father (lead woodwind in a travelling band) during the summer months from around 1969-1978. I would have him pull over to snap pictures of the vintage tin dotting the landscape. The cars we were most interested in were 20-30 year old Packards, V8 Fords, Studebakers and an occasional Willys or Hudson. At the time these were just used cars. I tried to recreate one of our adventures as recently as 2000 by avoiding the interstates entirely. Had to recalibrate my brain entirely. Why did I expect to see a 1940s Ford or Packard in someone's car lot or driveway? The 20 year old cars were going to be 1980s cars. You are correct about the worldwide web creating a global marketplace. I've found some real deals locally on Facebook marketplace which seems written by sellers at the bottom of the gene pool! This coincidently creates some of the best bargain shopping around!

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GeorgeOhr Nonya Business
Yes, confused, USA   USA
In reply to # 3903043 by littlecars Today, you average Joe can easily find a 20 year old car (late 90's to 2000) for cheap money.

Yeah, cause nothing says “Hot Rod” like a ‘98 Cavalier! :/

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HMDIV Harry Dent
Brooklyn, NY, USA   USA
In reply to # 3903553 by GeorgeOhr
In reply to # 3903043 by littlecars Today, you average Joe can easily find a 20 year old car (late 90's to 2000) for cheap money.

Yeah, cause nothing says “Hot Rod” like a ‘98 Cavalier! :/

The entire essence of "Hot Rodding" is taking something cheap and undesirable and making it fast!

I don't see the cav being a hot Rodding platform but stuff like the Ford LTD will take fox body parts without having to pay mustang prices.

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RobbyJoe Avatar
RobbyJoe Rob Heib
Stanwood, WA, USA   USA
There are plenty of cars from the 80’s that are being hopped up, modded, tuned, or otherwise “Hot-Rodded” by enthusiasts today. Back in the 80’s, there wasn’t much interest in Corvairs, 60’s era station wagons, or many other models that are getting pricey today. I never thought I’d see money poured into a 70’s Pinto... but I’ve seen some really well done customs with 302’s, gorgeous body work, and leather interiors show up at shows recently. There’s always a way to get into this hobby at a cheap price point, especially if you can turn a wrench and are willing to get outside the mainstream box.

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littlecars David Bassett
Nashville, TN, USA   USA
1965 Chevrolet Corvair "Ski Team Transport SOLD!"
1965 MG Midget MkII "Buffoon"
1966 MG Midget MkII "Swiss Cheese...SCRAPPED"
1970 Triumph Spitfire MkIII "Tamara's Turd... SOLD!!!"    & more
Yup. I've done all that (with the exception of leather clad Pinto cabin). Several Corvair phases, a few station wagons, Firebirds and Buick Gran Sports when they could be purchased back-lot in the 1980s. I've also looked at, with envy, Ford Fairmonts hopped up with Fox Mustang accoutrements.

Funny story -- when I brought home my Lizzy Midget in 2010, the neighbor across the street saw me rolling it into the garage and said her husband liked working on "vintage Mustangs" with his father. When I finally saw what it was he was laboring over, I almost laughed out loud. A 1990 base model Mustang notchback with a huge scoop on the hood. It's a generational thing for sure!

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stagepony Silver Member Jinno Louie
Dunedin, FL, USA   USA
1960 MG MGA "Roll-Roll"
2002 Toyota Tacoma PreRunner "Corporal Lane"
2018 Toyota RAV4 "Tooth Fairy"
Gents,

As MG car owners, let's not underrate our vehicles because we've been told
that the MG is unredeemable, nothing more than scrap iron that old guys fiddle with
inside a dank garage, We've been beat with a stick that the MG
is a poor man's Jaguar or Healey, not deserving to be featured inside 'Octane'
or Hemming's magazines.

Small cars are getting popular as with tiny homes. Tiny is the trend as with tight fitting fashion
and with 'working out' and getting trim.

If the VW Karmann Ghia, Beetle, Porsche 914, Corvair, Falcon, Honda 600Z Coupe
are getting attention, then why shouldn't the MG Midget? Owners
of A's, B's, T's and D's, etc., can hope to ride on the coattails of the Midget.

While we were sleeping, the MG marquee has become sort of desirable, approaching
cult status that was formerly jinx or voodoo. In the past, any sensible mind steered
clear from British iron, fearing fluid-fittings busting loose, watching parts rattling off
in the rear view mirror, jabbering on phone for days searching for unavailable parts.

If we can't believe our sorry eyes that our forlorn, repressed MG has become desirable,
we should try convincing the general public that the MG is junk, that it never was
as good as the Beetle, Ghia, Triumph or Healey.

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