[DML] Re: Supply or Demand changing? (was "DMC Prices")

["DMC Joe" <dmcjoe@xxxx>]

Mike,

Congratulations! For the second time this week I have published your
comments at on my new WebPages
http://www.geocities.com/MotorCity/Flats/3755/dmcjoe.html
Keep the great comments coming!

DMC Joe / De Lorean Services / <dmcjoe@xxxx>
Visit My New Web Page
<http://www.geocities.com/MotorCity/Flats/3755/dmcjoe.html>
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----- Original Message -----
From: Mike Substelny <msubstel@xxxx>
To: DML <dmcnews@xxxxxxxxxxx>
Sent: Saturday, January 29, 2000 9:17 AM
Subject: [DML] Supply or Demand changing? (was "DMC Prices")


> Mike in NH said:
>
> > Several months ago I predicted that prices of the DeLorean
> > would go down as the supply became more available over
> > the internet. Before computers all we had were local
> > advertisements, clubs and Hemmings. Today there are
> > hundreds of D's For Sale listed on line.
>
> While I do not doubt the laws of supply and demand, I do disagree with
> your logic. What makes you believe that there are more DeLoreans for
> sale now than in the past? Do you suppose someone wanted to sell their
> DeLorean, but decided to wait until the Internet was invented first? I
> see no reason to make this assumption.
>
> I believe there have been plenty of DeLoreans for sale for 10-15 years
> now. The number of sellers might decline, since some DeLoreans are
> wrecked or cannibalized while no new ones are being built. The number
> of sellers might also increase as 'investment' buyers are tired of
> storing them. Neither of these is due to the Internet.
>
> The effect of the Internet is to expose each buyer to more sellers and
> each seller to more buyers. Unless the number of buyers or sellers
> changes, supply and demand will have no effect on price.
>
> If the Internet were to increase the number of buyers the price *would*
> go up. I believe this is a possibility. Price would also increase if
> more owners choose to hold onto their DeLoreans instead of selling
> them. My sincere hope is that by making information about DeLoreans
> easily available, the DML helps to make both of these happen.
>
> - Mike Substelny