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That's one good theory.At least in Europe there was a steel crisis around that time and they often had to use sheetmetal of a lesser quality to meet demand; don't know in which way this also applies to the US.
1970 was one of the most powerful years of the muscle-car era, but at Chrysler, the financial engines were stalling a little. Vehicle sales rose a little from 1969, but the company went from a net profit of $99 million on $7 billion of sales to a net loss of $8 million — though with a dividend of $29 million!
Chrysler lost $27 million in the first quarter of 1970; the other three quarters were profitable. The United States had economic problems including high unemployment; the big C-bodies that arrived in 1969 were spurned by Americans demanding less expensive cars.
It looks like there are enough "little things" that will ultimately bankrupt you if you go after every one of them.
And like almost all Formals, you'll be eternally upside down from the first day on. 3 grand is way too much.
I agree with you entirely.I dunno Stan... the diff between $3K and, say, $1500 really isn't worth worrying about if you are getting onto a resto project on any car. I dunno too many people who do full-scale restos that aren't upside down, unless you are dealing with a Hemi Cuda or a similar Barrett-Jackson favorite.