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I looked on ebay at all the mid-70's MGB's and noticed a definite trend. Most of the cars weren't sold due to "reserve not met." Which means most people are willing to pay only about $3500 to $4500 for a nice driver.
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I think that you would see the same trends if you looked at mid-1970s or later Triumphs, Jaguars, Rovers, etc. British cars from this era are not considered "classics" for many reasons: poor build-quality and rust-resistance (eg, 1975-78 TR-7, late '70s-early '80s XJ6), problems meeting U.S. emissions and safety standards (how many of you have changed your B from rubber to chrome bumpers or Stromberg single carb to a Weber?), out-of-date styling (ie., MGB's 1960 design on a 1980 car), lack of amenities that Americans were demanding by then (air conditioning, electric windows, power brakes), or the horsepower to drive them. Maybe price trends for a Mini, an XJ-12C, or an XJS from this period would be upward, but I saw a running Rover 3500SDI in fair condition go for $600 on eBay recently. Even prices for an early Lotus Esprit seem to be downward in the current market.
Does this make it hard for sellers of 1974 & later LBCs to see any positive return on their costs? Sure, it does, but what about buyers? Maybe you aren't looking for a show-quality MGB to use as a daily driver, but it might be possible in this market! Just a thought. /ubbthreads/images/graemlins/wink.gif