What we're seeing here is the muscle car boom of the last few decades, but moved from the Boomer idol cars to the Millennial hero cars. The PlayStation generation are now at a point with disposable income and a hunger for "the good old days" and really want to own their favourite GTR from GT2, the Civics they saw driving around when they were young, and the E36 that gives them 90s vibes. Very true on the biased information at the start.
Super well said. I come from a little before the Playstation generation and everything you've described is my life lol. I've owned a few 240s over the years and they were great when they were cheap to buy. Prices now are insane. I was lucky enough to purchase a clean S14 from a kid who really didn't know what we had. He basically gave the car away to with the price I bought it for. Will probably never sell it just because these cars are becoming much more valuable as time passes and everytime one gets bashed, wrecked into walls, and abandoned.
@@blueb_oy Man, I hope you actually drive the 240. There's nothing more that I hate than somebody buying a 90's JDM and then sitting on it, not driving it and letting it collect dust, and then selling it for more. I once knew a guy who purchased a Evo 8 before he got married and proceeded to let it collect dust in his garage for 7 years just because "his wife didn't like it" but the real reason was he wanted to profit off of the car.
@@SpacedBtw naw it's over after the 34 because that's the last one of the series that wasn't available. Everything else made after that was available here in the states as far as Japanese cars.
I don't know if you're following the AMC stock movement but that's exactly what citadel is doing they're trading the stock back and forth between themselves to drive the price lower in this case but higher in your example
the 90s jdm car market probably won’t go down. even with the usdm japanese cars here have reached peak depreciation a few years ago on them and they’re only going up because there aren’t many left. i personally think that they’re like cars from the 70s, an era of cars that are classics that will not go down because of nostalgia. i can’t say the same for cars from the 2010s and now, but the 90s cars are something people should get into now because they’re not getting cheaper.
I’m sorry but there’s a lot wrong with what you’ve said here. These cars aren’t as rare as people try to make you believe, and they certainly aren’t as rare as cars from the 70s. 20 years is nothing in comparison. Those cars from the 70s appeal to the boomer market which can actually afford to pay the asking price not to mention those cars were never artificially inflated, the growth in value for those cars is steady, they didn’t just go from 10k to 100k in a span of 5 years like the JDM market did. You say it’s “nostalgia” but I would argue that most of these young people that really like these “JDM” cars right now, didn’t even know about them till they became popular on UA-cam recently.
@@transient442 Yeah and the older Nissan Z cars are at that point now and have been before all this happened like the 240Z i think. all the S30 Nissan cars are going to go up in price in the coming years anyway i have a first Gen 280z a 75' its going to be quite a classic car at some point. even my 95 modified S14 with a SR motor will go up also but in know it already has and so has my 280z but there is going to be a drop off there is going to be a stop to the price for quite sometime i know it and then they will go up again
@@shanetyler9391 This is exactly what i've thought for awhile, hype will die down and people will realise their clappped out s13 just isn't going to sell for 20k. Having said that, im pretty sure special edition models of JDM cars like vspecs and subaru 22B's will mostly hold their value, just because the amount they made was very small, Especially the 22B, they only made 500 of those.
I am hitting 18 in a couple of months and have over 5k saved up for a car. I wanted to get a T20 Frogeye Celica GT but that will probably never happen. Why? Because when I looked at the market during the summer, there were a lot of T18 Popup and T20 Frogeye GT's up for sale in good conditions for under 5k. When I checked the prices again today, my jaw dropped. They were almost all gone and the only ones that stayed up were the ones that need serious love and restoration to make them good again. I seriously hate social media nowadays because they are solely responsible for the prices jacking up so much. Another good example is the old gen Corolla TS. Checked the prices in the summer, there were DOZENS for under 4k in good condition. Now? Fucking can't get a good one for under 6k.
Here's the main problem, from an Australian aspect there's been really no new cars that are exciting since the peak of the jdm cars say 1990~2004. Theres been a couple but nothing compared to the options available in that time period. The run of the mill cars might taper off and drop but the halo cars shouldn't be too affected due to their status.
And that makes it a problem for the market of jdm cars that still have new models coming. For example previously a 10 year old wrx sti would’ve been like half the price of what a 10 year old wrx sti is today, but logically if a 20 year old car is holding its value so well, the newer version isn’t gonna drop in price, which kinda forces the demand onto the older models
That doesn't explain prices doubling/tripling in the last 2-3 years. In Australia we've also had a lot of extra money being given out during the pandemic for things like jobkeeper, or the ability to pull out $10k from your super, which has cashed up a lot of younger people. We also haven't been able to travel internationally, so people have had more money to pump into their hobbies. I imagine that once international travel opens up and the new car market returns to normal, these prices will dive.
here in germany its happening too to 80' 90's sports cars. and old bmw e30 was the cheapest bimmer you can get around 5-10 years (like 1000-3000 for a 325i) now you cant even find a rust bucket for under 10k😅 i think the demand of older cars got higher since then since new cars are not really appealing for most car guys and also the supply of old cars shrink from day to day.... i do think the prices are rediculous nowadays but i doubt they will fall back to a level like 5 years ago😅
Countries that still manufacture cars can change rules to protect domestic businesses. America is one of those countries that have doen it in the past..
Americans who import from Japan are not part of the typical consumer car market. They are enthusiasts. It barely scratches the surface of the US market. Fact is 90s Japanese car numbers are dwindling but the demand is not. A 20 year old in Australia would rather buy an s13 or r33 for 20k rather than an 86 for similar money. Japanese cars changed in the 00s and its never been the same. 90s Japanese cars are what happened to 70s muscle cars in the 90s. The kids who grew up wanting them now have the cash to buy. If you,want to predict the future look at the price of 70s muscle cars now.
Spot on. You tubers have also massively contributed to the demand. After buying and selling a few newer cars and losing a lot, I'd rather buy a fun old car with the option of making money when I sell ... but that's a car to use rather than for investment purposes. Most jdm 90s cars are as reliable as new cars if looked after. If you like cars, unless you want heated seats and reverse parking assistance there are more logical reasons to buy an older jdm classic car.
The current prices are the new norm sam, there’s absolutely no way prices will go down and if they do, they will get snatched up like bat shit crazy due to people fearing if missing out and once the market dries up, it will become a sellers market again. It’s called fear buying and it’s what happened to the 70’s and 80’s cars
If the US government even mentions putting a hold on importing cars from over seas the market is going to get even more crazy. I do think market will flatten out some but never to where it was even 3 years ago
@@traviswalker8933 No, but it did blow up the import market. In Canada our import rule is 15 years, so we enjoyed 10 years of hilariously cheap JDM legends until the US was aloud to have them. We were snatching up R32s for like $10-15k. The prices doubled instantly when they hit 25 years.
@@bennyb.1742 The import market was blown due to chip shortage and the recent release of Fast and Furious. Once that settles, prices would be more "normal"
This. Imports were cheap 5 years ago here in the US. There was a pause , covid and so many more importers opening up hence the demand sky rocketing. I picked up the r34 32 and s15 all under 10k each. Now they’re over 4x the car value worth. The market will not go back to where the prices were but may be at a steady price
I've been importing from Japan into Canada for the last decade and since March I've noticed an easy 20% value increase from March to July. That alone has alienated a lot of buyers which will eventually effect the market values. Companies like Craft need to stop buying these cars, and snakes who need to get banned from the auctions for getting their friends to ghost bid higher like what is incredibly common from JU houses.
Great video, food for thought for sure. I genuinely hope the prices stop rising, as an enthusiast there is a handful of cars I really would love to own but as you're getting financially more stable the car price seem to go up at a rate where they always appear to be just the slightest bit out of reach.
My dad got a discovery 3 5 years ago for £5k it was low miles really clean low owners and at the time it was super cheap and we recently decided to get another and at the minute for £5k you can only get a moon miles dented falling apart one. Same with Land Rover defenders my dad in the pass got a defender for £500 fully working moted road legal needed a bit of work but it worked now they are going for stupid money just because you can now import some of them to the us. I'm not a pointing fingers person buy maybe it the us that's doing this
Lmfao sorry bro but he's wrong, classic cars only go up in value and supply and demand, pretty simple, if you want your dream car, get it now cuz it'll just keep getting out of reach for ya
Here in nz i bought my s2000 for 15k before the vid, early this year was offered 30k. So while i 100% agree there is alot of bs going on with the market there is also nothing new you can buy that drive like alot of the 90's early 2000 jdm cars. New cars are fast and have amazing features, but fuck me they are boring. Some of the market hype will go away with common sense but i believe some models and brands will continue to go up. Great video btw and i used to work for mazda so its interesting to hear about the chip shortage and links to bs companies.
Nah nah bro the used market is on fire now because new cars can't be built due to chip shortages like this expert said in the video... 🤣🤣 My DC2R has tripled in value from when I got it in October 2018 for $6700.
This 100% New cars are better. they're faster and more comfortable by a long shot. Much safer. But they're boring, and a lot of the interior feel really cheap. Like 90s stuff is cheap but it's solid. new stuff just feels cheap, especially brands like Toyota. Not to mention within a brand all the cars feel the same as they copy their "style". for eg, the VAG. All their cars are the same. Golf, Sedan Golf, SUV Golf ect. Plus the lack of manual coupes and sporty wagons ect. The prices are going up, but it's still cheaper to spend 20-50k on a 90s JDM car then to go out and buy what.. are BRZ for 40k AUD... Wow how exciting, every kid with a bank loan has one. a MX5 for 50k Supra for 70... but only Auto? There's no options anymore besides older cars. Buble will never burst and will continue to rise... On a completely seperate topic, anyone want to buy my Mitsubishi Legnum VR4
@@Mattalot97 nah bro that v6 is aids to work on its like an old Ferrari but without the style the engine has to come out for literally anything 😂😂 nuts car when they do run though. Is it the sedan or wagon?
@@jdmnuggets Legnum is the wagon, Galant is the sedan. And yeah, at the very least it's manifold off for everything lmao. Yeah absolute pain to work on. That's why I own 2
I think the reason why 80's and 90's JDM cars go up so much is because of their barebones feeling. If you drive a Huracán, you'll get bored quickly because it does have power but the car is boring with all of its features. Meanwhile the Celica GT feels amazing. It has barely anything in it, is light and has a 156 or 172hp engine (depending on whether you want a frogeye or a popup). Plus their styling is so simplistic, it looks amazing. In Jeremy Clarkson's documentary about the car culture in Japan in the early 2000's (if not, even before that), a prominent car designer said that the R32 Godzilla is simply too simplistic, boring and too barebones, and then went on to say that a hatchback was better because the styling had more lines and looked better.
I hope the market crashes, cars have gotten really expensive lately. I still remember when I bought my 2007 century with 80k km for 10k and at that time cars where already getting expensive, now they’re like 15-25k. The market has really gone crazy lately
Its going to fall hard when the economy recovers. Covid hit pc components, cars, house prices, lumber prices.. etc. It hit everything. Do you really think theses prices will stay? No.
@@legacymedia1933 that’s awesome, you’ll love it, I’ve had mine for almost a year now and it has given me no issues. My recommendation is that you check that the air suspension is working fine as well as the steering rack, because I’ve been told that in higher km Centurys they tend to fail.
@@lilfattyb cool, thanks for the info. I nearly have the money for the car alone, so might purchase and put into storage till I can afford to bring it over.
It's been an insane journey watching all of our dream cars become absolutely absurdly expensive. My all time dream car, the NA2 NSX-R, went up at auction on Thursday with a start price of £362k. Thankfully no-one put a bid on it, so maybe people are wising up to it (if that's the way to put it)?
Excellent content @Sammit. I admire your sincere opinion on the matter and your logic is on point. I encourage you to keep doing this types of reviews every now and then.
I’m a bit late to the party on this video but I watch all of your auction visits and find your take on the situation super interesting! I’ve been thinking the same recently with how bonkers the market has gone. Cheers man 👍🏼
Its very unlikely the jdm market is going to crash it may mellow out for a bit. How are they gonna get cheaper when there are less and less for sale each year. There only going to rise due to supply and demand look at old 70s and 80s mussel cars and there prices today. I think that just before Covid started I noticed Jdm car prices where starting to rise and I think that in 2020/2021 we realised that its getting harder to find clean examples which happened to be during Covid which I think has had the biggest influence on prices.
Well you mentioned supply and demand. The supply might be decreasing, but if the demand also decreases then they have to adjust prices to get more sales.
@@keno201 yes definitely agree with with you but lets be real the demand isnt going to be decreasing anytime soon, im still seeing idiots spending upwards for $50k on an NA rusty R33, in a hearbeat. You've also got so many JDM youtubers in the states like LZ, Tj Hunt, Hoonigans etc. who are just hoarding parts for their cars which makes it that much harder to get parts thus people willing to pay anything to get their hands on any parts
It’s not a bubble. You missed a massive point - supply and demand. Less and less cars will become available, driving up the prices. Look at the prices of old classic cars, are they worth that much money? No, do people pay for them, yes! Golf GTi’s, Ford Escorts Cosworths, old Ferrari’s, literally hundreds of old cars. Can you confirm specifically what cars you think are in a bubble? I don’t understand.
I know exactly what your talking about. I live in southern Kentucky in the USA, and on the average this inflation has happened to trucks. The average truck that was 10 years old and was 10k usd is now 12-15k and that's if they can even be found. Most people are resorting to trucks and cars from the 90's that are low miles and they are still bringing way over blue book value
Great video, Sam. This is why I try to buy private party as much as possible. You can still get deals (comparing to dealers or even some auction end prices. :)
The R32 GTR was sold for $110,000 brand new in 1991 here in Aus.. so it’s not even surpassed it’s original sale price and the 89-91 are now eligible for classic rego/insurance. You’re not paying for the experience. If that’s your logic try justify a 34 GTR
I haven't followed cars in almost 20 years. I brought a Cressida a few weeks back as a Sunday cruiser project and have started getting back into things. I'm glad to see this video. The prices of things are crazy. Glad to hear this is a high point. Sounds a lot like the American housing market in 08
I work for VW in Chattanooga TN and we have been building our cars without sensors but they are ones that don't have the certain sensors we don't have in stock we can't build .... I was told there was a fire at our supplier and the snow storm in Texas hurt us too .... I'm hearing that the company we get sensors from is building here in the States somewhere .... It's a good idea because I need my job but us not getting the sensors is causing VW to suspend production ... We have had 4 weeks of shutdowns and they have been talks of another 2 weeks in August ... Today is Friday here and I'm off today because of parts shortage .... I hope they get us back going soon because we are launching the all electric VW iD-4 soon and it will be tough to get the preorders built without sensors ... But when we do get a steady supply I'm sure we will be running 6 days a week ... Here's hoping for that 🤞
@@merik7928 come to think of it, it’s not even worth 12k. They’re worth like 5k lmao. I’ve come to realize no matter how much I favor the R32, it’s just not worth getting one anymore.
Here in Sweden I know for a fact that "jdm legend cars" are getting sold for the hing pricing you are talking about, and it is not to just resell. People in the mid 20s are easily paying 30k euro for an 20-30 year old jdm dream!
I know exactly what you're talking about with market manipulation and artificial inflation. It was a very upsetting realization because I was attempting to get an R32 at the time, but fortunately I was able to buy private party in the states. It was still an inflated price, but much more livable than what "other places" were asking. That said, these cars aren't getting made anymore, and you've mentioned restrictions potentially coming into play and whatnot. When demand exceeds supply... even if this bubble pops, it will only go down temporarily, and prices are going to continue to rise from there. The harder it is to get something the more people want it and the more people will pay for it.
I mean we all want to hope that they're going to come back to a reasonable price but look at the muscle cars of the '60s and 70s on Barrett-Jackson selling for 100 times their original price or more I highly doubt clean condition desirable '90s JDM muscle will ever be cheap again it's simple economics supply and demand
Those cars grew steadily over many many years and the price genuinely reflects the rarity. JDM cars suddenly became popular amongst young people due to the internet and now they are being artificially inflated and listed for prices that young people can’t afford. It’s like stock trading, stocks that rise quickly always fall just as quick, especially when they rise out of internet hype
I said this a few weeks ago! Great to have another opinion and perspective about what I was Trying to say, it makes more sense the way you have explained it! See what happens in coming months!
This video needs to go viral within the internet car community. Its a slap in the face of all the importers here in the U.S being like "SuPpLy AnD DeMaND, ThEeZ CaRz R GeTTinG HaRdEr 2 CoMe By EvErYdAy HuRrR DuRR." I always knew something was fishy about it, just from the sheer sharp increase on everything in such a ridiculously short amount of time. I knew there was some sort of market manipulation either by the sellers or the importers/companies themselves. When these cars outpaced prices on some of the rarest classics/collector cars from the past 70-80 years, that you see on Barrett Jackson and those took literally decades to get to their price points. These 30 year old Toyotas and Nissans got to those price points in 2 years or less.... It just didn't seem right to me. Glad to see I was somewhat on point with my hunch. Let's hope things normalize and these cars will remain attainable to the average car guy/girl for years to come.
@@traviswalker8933 crypto and JDM cars are in no way comparable bro... Each day less and less of these cars exists, they're no longer on production. They crash. They rust. They get riced. etc. Meanwhile new BTC gets mined every single day.
@@traviswalker8933 sure, btc gets plenty of manipulation. But the main reason btc went up was simply high demand. A lot of newcomers FOMOd in. Also, how are you gonna stop people from selling cars to eachother? Sure, they might just make it harder. But when there's money to be made they'll find a find way around it. That's like saying speeding is ilegal = you can't speed. Sure you can, you just have to not get caught.
Choose the most correct answer. In 10 years, I think a decent R32 GTR will be a. easier to find and buy than it is today and less expensive b. harder to find and buy than it is today and less expensive c. easier to find and buy than it is today and more expensive d. harder to find and buy than it is today and more expensive Many valid points, and maybe there is somewhat of a bubble, but this trend preceded COVID and I can't see prices falling that much. These cars are not essential goods. Essential goods typically respond more predictably to market forces aka supply and demand. These can be considered luxury goods, and there is strong competition between buyers for many of these cars. These cars just increase in price and enter different price segments. The buying power of people buying 34 Vspec IIs 5 years ago is different than those buying them now, but they still sell right?
I think the prices are so high because all of these new cars coming out you can't do alot of aftermarket things to them! Old JDM cars are easy to find and easier to work on and have aftermarket parts available so everybody's buying them!
I know a lot of guys around me are only looking for older cars because of the ease of comparable repair, reliability and they're uniquely customizable with ease. It doesn't make sense that manufacturers made it HARDER to do work on your own vehicle to your own design & specs. With the rise of electric only vehicles it's going to become impossible to do ANYTHING on your car without having a $10K mechanics scanner tool + the $$$ you have to spend to lease proprietary schematics & dyno in your home garage. This era is absolutely terrible for car enthusiasts.
In my country they banned the importation of all jdm car, se now can only import cars above 2016 cuz the US dealer had lost due to the low prices in japan and now we can import cool cars anymore at least direct from japan, we can import them from usa but they are triplet the prices we used to pay for the jdm cars
Interesting take Sammit. I'd be interested a look at some of the media reports on market manipulation which you referred, high up government official under investigation for R34 gtrs. You started with references which established some ground but I got lost there after.
Living in the USA the market is really what it’s made out to be. It’s massive here, and it’s likely not to stop soon. The first point you made about new laws in place is a very good observation though, it’s a good thing to keep in mind.
I bought a completely original Nissan 200-SX 1989 mk.1 with 40k miles. Where I live, this car is incredibly rare, and it's been my dream car forever. One very important thing that I wanted to say is that the prices are mental, and people might not know this completely. I was actively searching for 3 years for a grey (KL0) S13 that was stock and unmolested, and the supply that exist is just sad - most are tuned shitboxes on fiberglass kits that have crashed 50 times on a roundabout and are in their 3rd engine. That's exactly what I do not want. And on a matter of MONTHS, prices were increasing an average of 400€ per month, which is insane. These owners are the typical "I know that I have", so they don't leave you much of a negotiation margin and if the price is 15k, it's 15k. The other thing I noticed is that, if prices for a mediocre S13 are around 15k, the immaculate ones go for 25k or 30k. There's this huge gap and I didn't know that until I bought mine. These markets are absolutely insane, and the reason I bought the car in a hurry is because if I waited 3/4 months longer, I'd never be able to afford it anymore. I would, but it's silly to be paying like 30k for an 1989 car that is so delicate and parts are pretty much extinct.
I'm glad you did this I've been trying to say the same thing like I do want an r32/r33 but 35k+ is just ridiculous. The crazy thing to me is that it seems most people know they are overpriced but still find a way to justify the price
They are likely assuming that prices will continue to rise while you're in the opposite camp. The thing is, there are people who look at cars as investments rather than vehicles primarily to be driven and enjoyed. It sounds as if you fall into this later group (as do I). Sadly, my guess is that prices will continue to rise. The most important thing for you to keep in mind is the value that such cars hold to you personally regardless of what others are willing to pay for them. Even if the prices were to double over the next decade, the cars would be no different to drive or work on (although insurance and the prices of parts, etc. would all be more expensive as well).
It's a little hard for me to gauge some things based on my town here in the US, cause the JDM scene's pretty small, and there isn't a lot of money in it that I can see. But I suspect the price bubble actually already took a lot of things out of the range of most people. Earlier in the pandemic I know a lot of people were looking for project cars when they were likely to be home, anes and d that might have helped the price bubble somewhat, but it hardly seems there's been much influx of JDM stuff around here. Some blame the rich Arab states and other nearby places where there's a lot of money going around, though, and that seems to count for a lot of that export market. My guess is the speculation will have to peak, if it hasn't already, cause the market will have to saturate among those who can afford the inflated prices anyway.
Market manipulation is rife with HSV's in Australia at the moment. Cars getting listed as sold by one particular dealer (who have a lot of "stock"), only to pop up a week or less later for sale again - pushing data collection agency info out of whack because that same company gets the data from the website the dealers use to sell from.
Sorry to burst anyone's bubble but there is no bubble to burst here... The demand is still super high and clean examples are getting harder and harder to find which means supply is going down, demand is higher than supply so prices will continue to rise, It's simple economics. Unless something kills demand (don't see that happening) then prices will not be going down. It's simply a matter of all us 90's kids growing up and now being able to afford the cars we dreamed about back then. This along with all the JDM youtubers has created a huge market for these cars and that won't be changing anytime soon.
Couldn’t have put it better myself… Simple supply and demand concept, bubbles cannot pop under this concept… As you say the people who want these cars are being able to buy them now, and the people that want them want to keep them and cherish them, resulting in less supply for the demand… also the America being able to buy some cars are increasing the demand 5 fold
I work at Subaru as a tech and we used to get like 30 to 40 new cars a month and we are down to maybe 10. On top of that they jacked up the prices and u have to trade a car in to buy a new Subaru.
Heres my stance on it. I def agree with your sentiment. The base, high mileage and worn down cars will come down but the special editions, low miles, prestine cars will keep climbing. people in the comments said look at the 60s muscle cars. the rarer varients are selling for the ultra high prices but i see others selling for under 70k. the challengers that are going for huge prices are the daytonas and likely rare engine and transmission options are selling for those high ass prices not the "commoner" version.
Keep in mind that the other cars you are referring to sold for less than 3K when new, so you're still talking about incredible amount of appreciation. By that same standard, my 1987 Honda CRX Si that cost me under 8K new would be worth more than 75K today. That would be even more were you to apply any sort of "special car" rate to it.
@@KuriTwitch people dont buy these cars just for performance, it’s also the nostalgia/ retro factor too. Definitely the case here in nz, most of us just wanna relive our youth
As an American who also follows the car market... The USA is the #1 consumer market in the world; however, there is a global supply issue due to supply AND demand destruction. Couple that with the fact that restarting the global supply chain is a slow process while infections continue and you have the recipe for limited supply. Furthermore, all the processors in the world exist in Taiwan where there was a drought and closures due to the pandemic... Since everything has become a computer, a extreme lack of CPU/GPUs is an extreme lack of anything that relies on them. Until they work through the problems in the semiconductor supply chain new cars, graphics cards, heavy equipment, etc will be in short supply. You are right that it has created a bubble that will eventually pop when the supply catches up to demand. Its not just cars either. Today I heard of 2 houses that were sold $1 million OVER asking price because wealthy Chinese people (trying to get their money out of China before they are "Jack Ma'd") and corporations from around the world buying up all the residential property in the US, UK, and elsewhere because they know that everything is in a bubble right now, so they are buying physical assets instead of reinvesting while prices are high. Just look at Bill Gates. That dude is an amazing investor and has always been a forward thinking dude. What is he doing right now? He's selling a good portion of his stock portfolio and buying US farmland... I dont think its because he has finally decided to get a job that might require him to sweat a little or because he looks great in overalls. Its because everything is in a bubble along with other factors that I wont go into here. TL;DR It is, logically, the global supply chain and global central banks dumping outrageous amounts of cash into the system. All that money flowing around has been inspiring people to buy a 2nd or 3rd car. Everything is in a bubble, cars included. So, dont buy anything right now if you can help it.
Sammit Podcast would be fire get Oka on there and have someone translate hearing Sammit from the newer age of the JDM Culture and hearing Oka from the Older Style of the JDM Culture would be amazing
I'm not in the US but the cars have gone up a lot where I am, I don't think they'll drop because there's nothing to really replace them with, they'll probably just hold fairly flat once things settle down
Well said Sam, I have the same evaluation of the current market so let's wait & see 👀 Something you DO NOT want to do is drift Tesla cars... I know a guy who makes the batteries for Tesla cars and they are very highly explosive units so forget that idea, plus half the fun is the sound of that tuned engine rasping through that 4 inch bore exhaust don't you agree 👍
Please don’t give me false hope😭
What we're seeing here is the muscle car boom of the last few decades, but moved from the Boomer idol cars to the Millennial hero cars.
The PlayStation generation are now at a point with disposable income and a hunger for "the good old days" and really want to own their favourite GTR from GT2, the Civics they saw driving around when they were young, and the E36 that gives them 90s vibes.
Very true on the biased information at the start.
@@blueprintjdm Just turned 40, 5,000% agree with you!
@@blueprintjdm it’s just means that it’ll burn out faster, more exposure is a curse and blessing
Super well said. I come from a little before the Playstation generation and everything you've described is my life lol. I've owned a few 240s over the years and they were great when they were cheap to buy. Prices now are insane. I was lucky enough to purchase a clean S14 from a kid who really didn't know what we had. He basically gave the car away to with the price I bought it for. Will probably never sell it just because these cars are becoming much more valuable as time passes and everytime one gets bashed, wrecked into walls, and abandoned.
@@blueprintjdm @Pj Sneeringer 36 here, and couldn't agree more with you two
@@blueb_oy Man, I hope you actually drive the 240. There's nothing more that I hate than somebody buying a 90's JDM and then sitting on it, not driving it and letting it collect dust, and then selling it for more. I once knew a guy who purchased a Evo 8 before he got married and proceeded to let it collect dust in his garage for 7 years just because "his wife didn't like it" but the real reason was he wanted to profit off of the car.
As long as Americans are willing to pay through the nose for any bucket of shit this ride keeps on going
Once the R34 becomes available, itll pop.
@@Turshin thats what everyone said about the 32s and 33s too lol
Glad I live in Canada and old already enjoined these buckets
@@SpacedBtw naw it's over after the 34 because that's the last one of the series that wasn't available. Everything else made after that was available here in the states as far as Japanese cars.
I don't know if you're following the AMC stock movement but that's exactly what citadel is doing they're trading the stock back and forth between themselves to drive the price lower in this case but higher in your example
the 90s jdm car market probably won’t go down. even with the usdm japanese cars here have reached peak depreciation a few years ago on them and they’re only going up because there aren’t many left. i personally think that they’re like cars from the 70s, an era of cars that are classics that will not go down because of nostalgia. i can’t say the same for cars from the 2010s and now, but the 90s cars are something people should get into now because they’re not getting cheaper.
I’m sorry but there’s a lot wrong with what you’ve said here. These cars aren’t as rare as people try to make you believe, and they certainly aren’t as rare as cars from the 70s. 20 years is nothing in comparison.
Those cars from the 70s appeal to the boomer market which can actually afford to pay the asking price not to mention those cars were never artificially inflated, the growth in value for those cars is steady, they didn’t just go from 10k to 100k in a span of 5 years like the JDM market did.
You say it’s “nostalgia” but I would argue that most of these young people that really like these “JDM” cars right now, didn’t even know about them till they became popular on UA-cam recently.
Not many teggy coupes left honestly
@@transient442 Yeah and the older Nissan Z cars are at that point now and have been before all this happened like the 240Z i think. all the S30 Nissan cars are going to go up in price in the coming years anyway i have a first Gen 280z a 75' its going to be quite a classic car at some point. even my 95 modified S14 with a SR motor will go up also but in know it already has and so has my 280z but there is going to be a drop off there is going to be a stop to the price for quite sometime i know it and then they will go up again
@@shanetyler9391 This is exactly what i've thought for awhile, hype will die down and people will realise their clappped out s13 just isn't going to sell for 20k. Having said that, im pretty sure special edition models of JDM cars like vspecs and subaru 22B's will mostly hold their value, just because the amount they made was very small, Especially the 22B, they only made 500 of those.
@@transient442 as a Subaru fanatic I gotta check ya on that one, they only made just 444 of the 22B
Me: *getting stressed about the situation of the car market rn*
Can't even afford one 😜
Bro for real lol, same here, at least we can dream about driving one lol 🤣
I am hitting 18 in a couple of months and have over 5k saved up for a car. I wanted to get a T20 Frogeye Celica GT but that will probably never happen. Why? Because when I looked at the market during the summer, there were a lot of T18 Popup and T20 Frogeye GT's up for sale in good conditions for under 5k. When I checked the prices again today, my jaw dropped. They were almost all gone and the only ones that stayed up were the ones that need serious love and restoration to make them good again. I seriously hate social media nowadays because they are solely responsible for the prices jacking up so much. Another good example is the old gen Corolla TS. Checked the prices in the summer, there were DOZENS for under 4k in good condition. Now? Fucking can't get a good one for under 6k.
loved this, need more of this content! “Deep chats with sam” hahaha
@Jasraj Sandhu “you bot” okay then ya fkn weapon - clearly missed the context of the comment 😂😂 what a fanny
Agreed, very informative.
Its interesting because I though the concept of Boosting each other only existed in video games.
Here's the main problem, from an Australian aspect there's been really no new cars that are exciting since the peak of the jdm cars say 1990~2004. Theres been a couple but nothing compared to the options available in that time period. The run of the mill cars might taper off and drop but the halo cars shouldn't be too affected due to their status.
And it’s not going to get any better when they all go electric..⚡️
get out and buy a gr yaris
And that makes it a problem for the market of jdm cars that still have new models coming. For example previously a 10 year old wrx sti would’ve been like half the price of what a 10 year old wrx sti is today, but logically if a 20 year old car is holding its value so well, the newer version isn’t gonna drop in price, which kinda forces the demand onto the older models
@egg in australia yes
That doesn't explain prices doubling/tripling in the last 2-3 years. In Australia we've also had a lot of extra money being given out during the pandemic for things like jobkeeper, or the ability to pull out $10k from your super, which has cashed up a lot of younger people. We also haven't been able to travel internationally, so people have had more money to pump into their hobbies.
I imagine that once international travel opens up and the new car market returns to normal, these prices will dive.
It’s Covid nostalgia, Stock gains, UA-cam pumping… people realized these cars are special and rare… true classics go up in value.
How is it going Man 👍👍
Wow! Lukasz is alive!!! Dude, you need to make more videos already!!!
@k24hybrid @Spencer’s Garage lol what up y’all! I know I’ve been told that quite a lot. Don’t worry I’m still into my JDM classics I’ll never stop!
Yup, there will always be collectors
@@MPowerSubie12 🙌🙌💪💪
here in germany its happening too to 80' 90's sports cars. and old bmw e30 was the cheapest bimmer you can get around 5-10 years (like 1000-3000 for a 325i) now you cant even find a rust bucket for under 10k😅 i think the demand of older cars got higher since then since new cars are not really appealing for most car guys and also the supply of old cars shrink from day to day.... i do think the prices are rediculous nowadays but i doubt they will fall back to a level like 5 years ago😅
Calling it right now,
The E36 i6 models staying around €5k/€10k for a good one in europe,
Every E46 i6, is going to be €5000+ real soon
@@fuckngreat8955 you will only find 320i and rusted out 323i for 5k they are more in the 8-12k € range and for nice examples rather 15-20
@@kemurikusari9629 read it again.
@@fuckngreat8955 e46 are the bargain rwd for the time being for sure
JDM Preise in DE sind total absurd.
The prices will go as high as people are willing to pay. The people dictate the prices. Not the government.
Countries that still manufacture cars can change rules to protect domestic businesses. America is one of those countries that have doen it in the past..
Americans who import from Japan are not part of the typical consumer car market. They are enthusiasts. It barely scratches the surface of the US market. Fact is 90s Japanese car numbers are dwindling but the demand is not. A 20 year old in Australia would rather buy an s13 or r33 for 20k rather than an 86 for similar money. Japanese cars changed in the 00s and its never been the same. 90s Japanese cars are what happened to 70s muscle cars in the 90s. The kids who grew up wanting them now have the cash to buy. If you,want to predict the future look at the price of 70s muscle cars now.
exactly, yes the market may slow down but its never going to pop when supply gets slimmer and slimmer they will only rise
Spot on. You tubers have also massively contributed to the demand. After buying and selling a few newer cars and losing a lot, I'd rather buy a fun old car with the option of making money when I sell ... but that's a car to use rather than for investment purposes. Most jdm 90s cars are as reliable as new cars if looked after. If you like cars, unless you want heated seats and reverse parking assistance there are more logical reasons to buy an older jdm classic car.
The current prices are the new norm sam, there’s absolutely no way prices will go down and if they do, they will get snatched up like bat shit crazy due to people fearing if missing out and once the market dries up, it will become a sellers market again. It’s called fear buying and it’s what happened to the 70’s and 80’s cars
If the US government even mentions putting a hold on importing cars from over seas the market is going to get even more crazy. I do think market will flatten out some but never to where it was even 3 years ago
US market doesn't constitute the rest of the world.
@@traviswalker8933 No, but it did blow up the import market. In Canada our import rule is 15 years, so we enjoyed 10 years of hilariously cheap JDM legends until the US was aloud to have them. We were snatching up R32s for like $10-15k. The prices doubled instantly when they hit 25 years.
@@bennyb.1742 The import market was blown due to chip shortage and the recent release of Fast and Furious. Once that settles, prices would be more "normal"
This. Imports were cheap 5 years ago here in the US. There was a pause , covid and so many more importers opening up hence the demand sky rocketing. I picked up the r34 32 and s15 all under 10k each. Now they’re over 4x the car value worth. The market will not go back to where the prices were but may be at a steady price
@@KoukiTony7 in all honesty, the S15 is worth more than the base model R32 and R34.
I've been importing from Japan into Canada for the last decade and since March I've noticed an easy 20% value increase from March to July. That alone has alienated a lot of buyers which will eventually effect the market values.
Companies like Craft need to stop buying these cars, and snakes who need to get banned from the auctions for getting their friends to ghost bid higher like what is incredibly common from JU houses.
Great video, food for thought for sure. I genuinely hope the prices stop rising, as an enthusiast there is a handful of cars I really would love to own but as you're getting financially more stable the car price seem to go up at a rate where they always appear to be just the slightest bit out of reach.
Inflation drives these prices, the "moneyprinter goes BRRR"-meme is not only a meme. 40% of all usd where printed this last 12 months.
and a majority of that cash printed isn't even in north america anymore!
My dad got a discovery 3 5 years ago for £5k it was low miles really clean low owners and at the time it was super cheap and we recently decided to get another and at the minute for £5k you can only get a moon miles dented falling apart one. Same with Land Rover defenders my dad in the pass got a defender for £500 fully working moted road legal needed a bit of work but it worked now they are going for stupid money just because you can now import some of them to the us. I'm not a pointing fingers person buy maybe it the us that's doing this
Would you believe It's a actually worse 60% is what I heard
Used car prices are up 40% in some areas. Coincidence?
They are not even printed. Its all just digits on a computer screen.
short and sweet love this format...
Thanks so much for posting this, Sam. This was really reassuring to hear.
Lmfao, you know its not true.
Lmfao sorry bro but he's wrong, classic cars only go up in value and supply and demand, pretty simple, if you want your dream car, get it now cuz it'll just keep getting out of reach for ya
Here in nz i bought my s2000 for 15k before the vid, early this year was offered 30k. So while i 100% agree there is alot of bs going on with the market there is also nothing new you can buy that drive like alot of the 90's early 2000 jdm cars. New cars are fast and have amazing features, but fuck me they are boring. Some of the market hype will go away with common sense but i believe some models and brands will continue to go up. Great video btw and i used to work for mazda so its interesting to hear about the chip shortage and links to bs companies.
Nah nah bro the used market is on fire now because new cars can't be built due to chip shortages like this expert said in the video... 🤣🤣
My DC2R has tripled in value from when I got it in October 2018 for $6700.
This 100%
New cars are better. they're faster and more comfortable by a long shot.
Much safer.
But they're boring, and a lot of the interior feel really cheap.
Like 90s stuff is cheap but it's solid.
new stuff just feels cheap, especially brands like Toyota.
Not to mention within a brand all the cars feel the same as they copy their "style". for eg, the VAG.
All their cars are the same. Golf, Sedan Golf, SUV Golf ect.
Plus the lack of manual coupes and sporty wagons ect.
The prices are going up, but it's still cheaper to spend 20-50k on a 90s JDM car then to go out and buy what..
are BRZ for 40k AUD...
Wow how exciting, every kid with a bank loan has one.
a MX5 for 50k
Supra for 70... but only Auto?
There's no options anymore besides older cars.
Buble will never burst and will continue to rise...
On a completely seperate topic, anyone want to buy my Mitsubishi Legnum VR4
@@Mattalot97 nah bro that v6 is aids to work on its like an old Ferrari but without the style the engine has to come out for literally anything 😂😂 nuts car when they do run though. Is it the sedan or wagon?
@@jdmnuggets Legnum is the wagon, Galant is the sedan.
And yeah, at the very least it's manifold off for everything lmao.
Yeah absolute pain to work on.
That's why I own 2
I think the reason why 80's and 90's JDM cars go up so much is because of their barebones feeling. If you drive a Huracán, you'll get bored quickly because it does have power but the car is boring with all of its features. Meanwhile the Celica GT feels amazing. It has barely anything in it, is light and has a 156 or 172hp engine (depending on whether you want a frogeye or a popup). Plus their styling is so simplistic, it looks amazing. In Jeremy Clarkson's documentary about the car culture in Japan in the early 2000's (if not, even before that), a prominent car designer said that the R32 Godzilla is simply too simplistic, boring and too barebones, and then went on to say that a hatchback was better because the styling had more lines and looked better.
I can't see it happening. With influencers and youtubers etc having such a big influence in the scene in recent years it can only get worse.
I hope the market crashes, cars have gotten really expensive lately. I still remember when I bought my 2007 century with 80k km for 10k and at that time cars where already getting expensive, now they’re like 15-25k. The market has really gone crazy lately
Its going to fall hard when the economy recovers. Covid hit pc components, cars, house prices, lumber prices.. etc. It hit everything. Do you really think theses prices will stay? No.
I'm looking to get a century in the early new year, can get a 97 grade 4 for 500,000 yen on auctions with 140,000 kms
@@legacymedia1933 that’s awesome, you’ll love it, I’ve had mine for almost a year now and it has given me no issues. My recommendation is that you check that the air suspension is working fine as well as the steering rack, because I’ve been told that in higher km Centurys they tend to fail.
@@lilfattyb cool, thanks for the info. I nearly have the money for the car alone, so might purchase and put into storage till I can afford to bring it over.
@@lilfattyb Because prices are going up
Great video sam, this jdm car market is ridiculous.. i wanted to someday own a jdm legend but at this rate the little guys are on the bench!!
People were making videos like this 4 years ago and the shit just kept getting worse so nah the market is NEVER going to crash
It's been an insane journey watching all of our dream cars become absolutely absurdly expensive. My all time dream car, the NA2 NSX-R, went up at auction on Thursday with a start price of £362k. Thankfully no-one put a bid on it, so maybe people are wising up to it (if that's the way to put it)?
Dream cars are dreams for a reason the avg man cant afford them and never will.
SAM: No one’s gonna pay that!
U.S.A: take my 💰
Excellent content @Sammit. I admire your sincere opinion on the matter and your logic is on point. I encourage you to keep doing this types of reviews every now and then.
I’m a bit late to the party on this video but I watch all of your auction visits and find your take on the situation super interesting! I’ve been thinking the same recently with how bonkers the market has gone.
Cheers man 👍🏼
Its very unlikely the jdm market is going to crash it may mellow out for a bit. How are they gonna get cheaper when there are less and less for sale each year. There only going to rise due to supply and demand look at old 70s and 80s mussel cars and there prices today. I think that just before Covid started I noticed Jdm car prices where starting to rise and I think that in 2020/2021 we realised that its getting harder to find clean examples which happened to be during Covid which I think has had the biggest influence on prices.
JDM cars are the muscle cars of our parents generation, look there, and prices havent come down...
Well you mentioned supply and demand. The supply might be decreasing, but if the demand also decreases then they have to adjust prices to get more sales.
@@keno201 yes definitely agree with with you but lets be real the demand isnt going to be decreasing anytime soon, im still seeing idiots spending upwards for $50k on an NA rusty R33, in a hearbeat. You've also got so many JDM youtubers in the states like LZ, Tj Hunt, Hoonigans etc. who are just hoarding parts for their cars which makes it that much harder to get parts thus people willing to pay anything to get their hands on any parts
Millions of these cars were produced. There's no loss of supply. They're just in different markets now. They'll eventually go up for sale again.
Muscle cars are selling for less and less every year
It’s not a bubble. You missed a massive point - supply and demand. Less and less cars will become available, driving up the prices. Look at the prices of old classic cars, are they worth that much money? No, do people pay for them, yes! Golf GTi’s, Ford Escorts Cosworths, old Ferrari’s, literally hundreds of old cars.
Can you confirm specifically what cars you think are in a bubble? I don’t understand.
Thank you for this !!
Great vlog Sam and very interesting, keep them coming 👍
Hopefully I can get into the jdm scene soon. Never been able to afford it haha
You and everybody else buddy, if they ever do go down, simple economics says that demand will just drive it back up.
Start with something cheap 🤷🏽♂️
Its easy to get into the JDM scene here in ireland, that is if you count JDM starlet and corolla base models as the scene lol
Trust you can an rx8 is right around the corner but those prices are even going up
@@zuimoney3751 All needs is a cheap little civic to work on. Trade up or save up for something he really likes.
The peak may smooth off but prices will never go backwards.
Supply is decreasing (and will never improve) while demand is increasing.
I know exactly what your talking about. I live in southern Kentucky in the USA, and on the average this inflation has happened to trucks. The average truck that was 10 years old and was 10k usd is now 12-15k and that's if they can even be found. Most people are resorting to trucks and cars from the 90's that are low miles and they are still bringing way over blue book value
Wherever the price goes I'm gonna continue to build and work on what I love.
I hope prices go back down to how they were a few years ago they just aren't as obtainable as they used to be
Very interesting market, let's see what happens!
Thanks. I needed this video to tamper my enthusiasm to buy.
Great video, Sam. This is why I try to buy private party as much as possible. You can still get deals (comparing to dealers or even some auction end prices. :)
Glad this video blew up man!
Very interesting topic. Imo a 32 GTR for example is not a 80-90k driving experience
The R32 GTR was sold for $110,000 brand new in 1991 here in Aus.. so it’s not even surpassed it’s original sale price and the 89-91 are now eligible for classic rego/insurance. You’re not paying for the experience. If that’s your logic try justify a 34 GTR
Great blog
Definitely worth listening to 🤟🏼
Great video mate
great video, thought out and informative.
thanks for this info, looking to import hopefully soon.
The car market after seeing this video: "hmph, well now I'm not going to"
I haven't followed cars in almost 20 years. I brought a Cressida a few weeks back as a Sunday cruiser project and have started getting back into things. I'm glad to see this video. The prices of things are crazy. Glad to hear this is a high point. Sounds a lot like the American housing market in 08
I work for VW in Chattanooga TN and we have been building our cars without sensors but they are ones that don't have the certain sensors we don't have in stock we can't build .... I was told there was a fire at our supplier and the snow storm in Texas hurt us too .... I'm hearing that the company we get sensors from is building here in the States somewhere .... It's a good idea because I need my job but us not getting the sensors is causing VW to suspend production ... We have had 4 weeks of shutdowns and they have been talks of another 2 weeks in August ... Today is Friday here and I'm off today because of parts shortage .... I hope they get us back going soon because we are launching the all electric VW iD-4 soon and it will be tough to get the preorders built without sensors ... But when we do get a steady supply I'm sure we will be running 6 days a week ... Here's hoping for that 🤞
The video is a banger! 🔥🔥🔥
Sammit you are an honest person Thank you for the info. Keep up the good work.
Great video! I have been looking for an EG6 to bring into Australia, prices are stupid, do hope they come down to normal soon
Good video Sam👏
Very interesting points being raised👌
My hopes are still up and i am still going to chase my dreams and buy an evo 6 or 5 just like you sam!
i really wish the market crashes
saving u for a r32 or an fd
aand maybe a gtr if the market crashes hard enough
Good luck! , I have 18k saved up and I still couldn’t find a r32 gtst before the market went up.
@@domo5584 ty bro daaaam thats tough
@@domo5584 18K saved up for a r32 gtst? fuck that i wouldnt spend more then 12k on a rb20 32gtst
@@merik7928 come to think of it, it’s not even worth 12k. They’re worth like 5k lmao. I’ve come to realize no matter how much I favor the R32, it’s just not worth getting one anymore.
Here in Sweden I know for a fact that "jdm legend cars" are getting sold for the hing pricing you are talking about, and it is not to just resell.
People in the mid 20s are easily paying 30k euro for an 20-30 year old jdm dream!
I know exactly what you're talking about with market manipulation and artificial inflation. It was a very upsetting realization because I was attempting to get an R32 at the time, but fortunately I was able to buy private party in the states. It was still an inflated price, but much more livable than what "other places" were asking. That said, these cars aren't getting made anymore, and you've mentioned restrictions potentially coming into play and whatnot. When demand exceeds supply... even if this bubble pops, it will only go down temporarily, and prices are going to continue to rise from there. The harder it is to get something the more people want it and the more people will pay for it.
I mean we all want to hope that they're going to come back to a reasonable price but look at the muscle cars of the '60s and 70s on Barrett-Jackson selling for 100 times their original price or more I highly doubt clean condition desirable '90s JDM muscle will ever be cheap again it's simple economics supply and demand
Those cars grew steadily over many many years and the price genuinely reflects the rarity. JDM cars suddenly became popular amongst young people due to the internet and now they are being artificially inflated and listed for prices that young people can’t afford. It’s like stock trading, stocks that rise quickly always fall just as quick, especially when they rise out of internet hype
@@transient442 low ball mania
I said this a few weeks ago! Great to have another opinion and perspective about what I was Trying to say, it makes more sense the way you have explained it! See what happens in coming months!
Slight dip maybe.But 100k skylines aren’t dropping to 60k
The car market is very depressing rn :( sure these cars are getting old, but they didn’t just get up and walk away
exactly like 10k for a miata… like you have to be fucking kidding
Car community's worst enemy was itself
@@teddy-qk7uc I’ll give them 2k 🤣
@@jdmxLove lol fr my sister just bought a miata for 3.5 only rust is on the side skirt thingy
i hate this so much you cant buy anything cool anymore
This video needs to go viral within the internet car community. Its a slap in the face of all the importers here in the U.S being like "SuPpLy AnD DeMaND, ThEeZ CaRz R GeTTinG HaRdEr 2 CoMe By EvErYdAy HuRrR DuRR." I always knew something was fishy about it, just from the sheer sharp increase on everything in such a ridiculously short amount of time. I knew there was some sort of market manipulation either by the sellers or the importers/companies themselves. When these cars outpaced prices on some of the rarest classics/collector cars from the past 70-80 years, that you see on Barrett Jackson and those took literally decades to get to their price points. These 30 year old Toyotas and Nissans got to those price points in 2 years or less.... It just didn't seem right to me. Glad to see I was somewhat on point with my hunch. Let's hope things normalize and these cars will remain attainable to the average car guy/girl for years to come.
I dont think it will go down people love these cars and there not made anymore. Supply and demand
That applied to Bitcoin as well. It crashed and the biggest supporter for it is not in this world anymore.
@@traviswalker8933 crypto and JDM cars are in no way comparable bro...
Each day less and less of these cars exists, they're no longer on production. They crash. They rust. They get riced. etc.
Meanwhile new BTC gets mined every single day.
@@TotoGeenen as he explained, the market is being inflated intentionally.
@@TotoGeenen if market is being inflated intentionally, then there is not long before regulations are put in place to stop them from doing that.
@@traviswalker8933 sure, btc gets plenty of manipulation. But the main reason btc went up was simply high demand. A lot of newcomers FOMOd in.
Also, how are you gonna stop people from selling cars to eachother? Sure, they might just make it harder. But when there's money to be made they'll find a find way around it.
That's like saying speeding is ilegal = you can't speed. Sure you can, you just have to not get caught.
Damn . Sammit spittin #TRUTH .
Choose the most correct answer.
In 10 years, I think a decent R32 GTR will be
a. easier to find and buy than it is today and less expensive
b. harder to find and buy than it is today and less expensive
c. easier to find and buy than it is today and more expensive
d. harder to find and buy than it is today and more expensive
Many valid points, and maybe there is somewhat of a bubble, but this trend preceded COVID and I can't see prices falling that much. These cars are not essential goods. Essential goods typically respond more predictably to market forces aka supply and demand. These can be considered luxury goods, and there is strong competition between buyers for many of these cars. These cars just increase in price and enter different price segments. The buying power of people buying 34 Vspec IIs 5 years ago is different than those buying them now, but they still sell right?
I think the prices are so high because all of these new cars coming out you can't do alot of aftermarket things to them! Old JDM cars are easy to find and easier to work on and have aftermarket parts available so everybody's buying them!
People do shitloads of aftermarket mods on new cars
I know a lot of guys around me are only looking for older cars because of the ease of comparable repair, reliability and they're uniquely customizable with ease. It doesn't make sense that manufacturers made it HARDER to do work on your own vehicle to your own design & specs. With the rise of electric only vehicles it's going to become impossible to do ANYTHING on your car without having a $10K mechanics scanner tool + the
$$$ you have to spend to lease proprietary schematics & dyno in your home garage. This era is absolutely terrible for car enthusiasts.
Thanks for making this video. Now I have some clarity on whether or not I want to make a financial mistake for an overpriced car.
Very interesting. Thankyou.
I'll never sell my R32 GTR! Had it since 2005 in Canada and paid 16k CDN shipped for it :P
In my country they banned the importation of all jdm car, se now can only import cars above 2016 cuz the US dealer had lost due to the low prices in japan and now we can import cool cars anymore at least direct from japan, we can import them from usa but they are triplet the prices we used to pay for the jdm cars
Interesting take Sammit. I'd be interested a look at some of the media reports on market manipulation which you referred, high up government official under investigation for R34 gtrs.
You started with references which established some ground but I got lost there after.
Living in the USA the market is really what it’s made out to be. It’s massive here, and it’s likely not to stop soon. The first point you made about new laws in place is a very good observation though, it’s a good thing to keep in mind.
I bought a completely original Nissan 200-SX 1989 mk.1 with 40k miles. Where I live, this car is incredibly rare, and it's been my dream car forever. One very important thing that I wanted to say is that the prices are mental, and people might not know this completely. I was actively searching for 3 years for a grey (KL0) S13 that was stock and unmolested, and the supply that exist is just sad - most are tuned shitboxes on fiberglass kits that have crashed 50 times on a roundabout and are in their 3rd engine. That's exactly what I do not want. And on a matter of MONTHS, prices were increasing an average of 400€ per month, which is insane. These owners are the typical "I know that I have", so they don't leave you much of a negotiation margin and if the price is 15k, it's 15k. The other thing I noticed is that, if prices for a mediocre S13 are around 15k, the immaculate ones go for 25k or 30k. There's this huge gap and I didn't know that until I bought mine. These markets are absolutely insane, and the reason I bought the car in a hurry is because if I waited 3/4 months longer, I'd never be able to afford it anymore. I would, but it's silly to be paying like 30k for an 1989 car that is so delicate and parts are pretty much extinct.
I'm glad you did this I've been trying to say the same thing like I do want an r32/r33 but 35k+ is just ridiculous. The crazy thing to me is that it seems most people know they are overpriced but still find a way to justify the price
They are likely assuming that prices will continue to rise while you're in the opposite camp. The thing is, there are people who look at cars as investments rather than vehicles primarily to be driven and enjoyed. It sounds as if you fall into this later group (as do I). Sadly, my guess is that prices will continue to rise. The most important thing for you to keep in mind is the value that such cars hold to you personally regardless of what others are willing to pay for them. Even if the prices were to double over the next decade, the cars would be no different to drive or work on (although insurance and the prices of parts, etc. would all be more expensive as well).
Brilliant thank-you 😊
It's a little hard for me to gauge some things based on my town here in the US, cause the JDM scene's pretty small, and there isn't a lot of money in it that I can see. But I suspect the price bubble actually already took a lot of things out of the range of most people.
Earlier in the pandemic I know a lot of people were looking for project cars when they were likely to be home, anes and d that might have helped the price bubble somewhat, but it hardly seems there's been much influx of JDM stuff around here. Some blame the rich Arab states and other nearby places where there's a lot of money going around, though, and that seems to count for a lot of that export market. My guess is the speculation will have to peak, if it hasn't already, cause the market will have to saturate among those who can afford the inflated prices anyway.
You my friend are a smart guy. Wait a couple of years when the market is flooded and it will go down. To many importers importing
Market manipulation is rife with HSV's in Australia at the moment. Cars getting listed as sold by one particular dealer (who have a lot of "stock"), only to pop up a week or less later for sale again - pushing data collection agency info out of whack because that same company gets the data from the website the dealers use to sell from.
"Welcome to another SAMMIT RAWRR video" 🤣🤣
I was looking away from my screen and thought he intentionally said roar for a second.
great great video! exposing garage defend and top rank in the USA, I swear a 30 year old car aint worth these damn prices
Sorry to burst anyone's bubble but there is no bubble to burst here... The demand is still super high and clean examples are getting harder and harder to find which means supply is going down, demand is higher than supply so prices will continue to rise, It's simple economics. Unless something kills demand (don't see that happening) then prices will not be going down. It's simply a matter of all us 90's kids growing up and now being able to afford the cars we dreamed about back then. This along with all the JDM youtubers has created a huge market for these cars and that won't be changing anytime soon.
Couldn’t have put it better myself…
Simple supply and demand concept, bubbles cannot pop under this concept…
As you say the people who want these cars are being able to buy them now, and the people that want them want to keep them and cherish them, resulting in less supply for the demand… also the America being able to buy some cars are increasing the demand 5 fold
I work at Subaru as a tech and we used to get like 30 to 40 new cars a month and we are down to maybe 10. On top of that they jacked up the prices and u have to trade a car in to buy a new Subaru.
Yo you forgot to say “its not financial advice” lol
Heres my stance on it. I def agree with your sentiment. The base, high mileage and worn down cars will come down but the special editions, low miles, prestine cars will keep climbing. people in the comments said look at the 60s muscle cars. the rarer varients are selling for the ultra high prices but i see others selling for under 70k. the challengers that are going for huge prices are the daytonas and likely rare engine and transmission options are selling for those high ass prices not the "commoner" version.
Keep in mind that the other cars you are referring to sold for less than 3K when new, so you're still talking about incredible amount of appreciation. By that same standard, my 1987 Honda CRX Si that cost me under 8K new would be worth more than 75K today. That would be even more were you to apply any sort of "special car" rate to it.
It's hard to get certain cars in Japan, so I think it would continue going up in price, it may eventually lower but its if you can ever get one
Prices on classics aren't going to drop even if the US makes it more difficult to import.
These guys are delusional.Slight dip ? Maybe.But 20-30k old jdm cars aren’t crashing to 8-10k
Hope your right man been saving for a r33 for a couple years was almost there then all of a sudden price spike so I hope this plays out
Thanks man. I thought something was going on.
Why would it drop? It may not increase dramatically but it certainly won't go back down
People can chase other cars. clapped out GTR 34s now are more expensive than a large swathe of Porsches that are better in every way.
@@KuriTwitch people dont buy these cars just for performance, it’s also the nostalgia/ retro factor too. Definitely the case here in nz, most of us just wanna relive our youth
It's happening with parts and wheels as well. Blitz 03s, Ganador mirrors etc. Its crazy.
That second point you were making about companies manipulating things at auction was most eye-opening. Geez
I just want the market to crash and the prices of cars and engines start to go down
If that happens gas prices will double or triple
We all do
As an American who also follows the car market... The USA is the #1 consumer market in the world; however, there is a global supply issue due to supply AND demand destruction. Couple that with the fact that restarting the global supply chain is a slow process while infections continue and you have the recipe for limited supply. Furthermore, all the processors in the world exist in Taiwan where there was a drought and closures due to the pandemic... Since everything has become a computer, a extreme lack of CPU/GPUs is an extreme lack of anything that relies on them. Until they work through the problems in the semiconductor supply chain new cars, graphics cards, heavy equipment, etc will be in short supply. You are right that it has created a bubble that will eventually pop when the supply catches up to demand. Its not just cars either. Today I heard of 2 houses that were sold $1 million OVER asking price because wealthy Chinese people (trying to get their money out of China before they are "Jack Ma'd") and corporations from around the world buying up all the residential property in the US, UK, and elsewhere because they know that everything is in a bubble right now, so they are buying physical assets instead of reinvesting while prices are high. Just look at Bill Gates. That dude is an amazing investor and has always been a forward thinking dude. What is he doing right now? He's selling a good portion of his stock portfolio and buying US farmland... I dont think its because he has finally decided to get a job that might require him to sweat a little or because he looks great in overalls. Its because everything is in a bubble along with other factors that I wont go into here.
TL;DR It is, logically, the global supply chain and global central banks dumping outrageous amounts of cash into the system. All that money flowing around has been inspiring people to buy a 2nd or 3rd car. Everything is in a bubble, cars included. So, dont buy anything right now if you can help it.
Sammit Podcast would be fire get Oka on there and have someone translate hearing Sammit from the newer age of the JDM Culture and hearing Oka from the Older Style of the JDM Culture would be amazing
I'm not in the US but the cars have gone up a lot where I am, I don't think they'll drop because there's nothing to really replace them with, they'll probably just hold fairly flat once things settle down
Well said Sam, I have the same evaluation of the current market so let's wait & see 👀
Something you DO NOT want to do is drift Tesla cars... I know a guy who makes the batteries for Tesla cars and they are very highly explosive units so forget that idea, plus half the fun is the sound of that tuned engine rasping through that 4 inch bore exhaust don't you agree 👍
Not going to crash. Not making more 90's legends. Prices will keep climbing 🚀
Great video
Wow, holy crap thats crazy
R34 gtt doubled in price in 2 years almost. I remember them going for 20-25 grand, now they start st 40 grand.....
I remember getting for for 7k in 2013
20-25 grand is more like s15 prices now 🤣 i feel like we’re nearing and end to this
Gouge.
@@jdmxLove s15s are more than r34s lmao, unless its a gtr
@@jdmxLove Both go for under 15k still some go for 20k. no one is buying them.