Quote Originally Posted by Dave Severson
Repop steel may be bringing a premium now, but as more and more hit the market, doubt the price will remain as high as it currently is.... Not putting down the repop steel bodies, I love em.... just a cautionary note...
While I might be persuaded to agree with Dave that more supply of steel bodies will lower their perceived value in the marketplace, my cautionary remark would be that that supply also increases the total number of cars available, which would also lower the market prices for deuces (good ol' supply and demand at work again). I would bet that the differential spread between glass and steel will remain proportional..............said another way, if the market value of a steel car goes down (for whatever reason), the glass cars will go down at least as much. Beyond that, I have been contending for some time that in the future, as us old farts depart the scene, the market will favor steel over glass and the buyers will have an oversupply to choose from, which would argue for the glass cars dropping at a much faster rate than steel.