Is There a Ferrari in Your Future?

If one unsold Ferrari Daytona Spyder is enough to call it the end of an era, then the classic and collector car market is officially soft. The Wall Street Journal called it last week, noting that prices on these cars have been sliding along with the availability of credit. Suffering the least seem to be the mid-priced British classics that never saw significant bubble pricing, while American Muscle and Italian iron are getting hit harder due to the massive run-ups in book value they endured during the late 90s. What does this mean to those of us without millions in cash to throw around? These cars are going to be more available in the near future as owners feel the need to convert them to cash. If you have it, there’s a Daytona is waiting for you out there…