[SCOBRAC]

Times are tough and people with cash are on the sidelines others are struggling. Many people in this hobby financed their Cobra with equity in their home and for them the bubble has burst. I just sold Contemporary 3152 for $31,750. (July 26, 2008). You couldn't put the parts in a pile in your garage for that price. I've seen several nice cars sell in the 30's that 3 yars ago would have fetched in the mid 50's and more.

I didn't sell it because I needed the money but the sale was indirectly related to the state of the economy (sort of). I saw the bubble coming in my industry and managed to recession-proof my career from one dependent on good times in the engineering industry to one which thrives on bad times. Good for me (sort of). While my new employer supplies me with a company car (4x4) and pays 100% of my fuel costs my income has stagnated and I am working 55-60 hours a week. This in a time when many in my field have seen 20-30% cuts in salary due to reduced work schedules and loss in bonuses.

Letting go of 3152 was difficult but at the end of the day walking by her every morning and not having time to drive her was more difficult. Her new owner is a retired car guy who had an original 427 Cobra and regretted selling it.

I replaced her with a pair of custom Harley Davidson's that truthfuly while very cool have no sentimental value and will be there when I have time.