MGB-GT Too many MGB GTs.......?

[Silverghost]

I read this comment about a 1970 MGB GT on Bring A Trailer:

"Just too many of them around to have significant near term appreciation I think, a “downside” of them actually being rather well built."

This statement stumps me - and I have seen it on other forums.

So I responded:

Consider these production numbers for 1970:
MGB GT 31,494
Camaro 124,901 - 4 times more
Mustang 190,727 - 6 times more
Mini 278,950 - almost 9 times more

Even if MGB GTs outsurvived all of those, there were far fewer to begin with. How many Camaros or Mustangs or even Minis will you see in a summer at car shows and out and about? Now how many MGB GTs will you see in the same summer? Now check eBay or Craigslist for the same cars for sale - currently 27 1970 Camaros, 30 1970 Mustangs and 2 1970 MGB GTs listed on eBay.

There are certainly other causes for MGB GTs not "to have significant near term appreciation", but having "too many of them around" can't one of them.

Am I missing something here?? Is my logic flawed?? I know I am among friends here.....

 

[Greg_C]

I see far too few GT's than MGB's or Midgits in my neck of the woods.
Also, I almost NEVER see a BE around here.

Greg

 

[vagt6]

If the guy thinks there are "too many" BGTs, tell him to go find a really nicely restored one.

Good luck! On the other hand, Mustangs and Camaros, now costing upward of $20-$30K for some models, the countryside is lousy with 'em.

Too many antique cars? Bah!

 

[AngliaGT]

Around here,there are a few GT's,but most of
them are sitting in garages.There's only one other than
mine that I know of that are running cars.
And which would you rather drive?A GT is much
more of a "driver's" car.

- Doug