Detroit Electric made all electric cars from 1907 to 1939. In 1917, an all-electric Detroit might cost you anywhere from $1,775 to $2,375. It could go 60 to 100 miles on a charge and get all the way up to 25 miles an hour. "No other bridal present means so much, expresses so perfectly what you mean to say," one ad read. Huzzah! Plummeting gas prices, however, made gas cars more popular. Then the 1929 stock market crash killed it. Hmmm. Declining gas prices and stock market problems.
We recently dodged another Market Crash,the price of gas remained low,but this time the decision was made to create a new Green Energy Technology and use solid scientific principles to make it cost effective and attractive to a new market of consumers.Some
cars will run with combo hybrid or dual engines while others will use hydrogen,bio fuels,and some form of exotic non carboniferous propulsion.
Markets for older cars are also thriving not so much for transportation and fuel economy as for the nostalgic feelings and solid growth in value some of these cars bring.While real estate and stocks have seen rapid rises and declines in intrinsic
value the collectible car has risen in value and liquidity like a rare piece of artwork.Surely some of these autos are works of art.The 1935 Packard and Auburn
Speedster are very rare indeed and worth a lot of money.The new market I refer to is
the automobiles manufactured in the 60's ,70's and 80's that are receiving high bids
of 30 and 40 grand depending on restorative efforts and actual condition.Some old clunker eating dust on the side of a road or shrouded in a barn with the owner puzzled as what to do with it could be a diamond in the rough for the lucky investor that spots it first.
No comments:
Post a Comment