That's not really true. Those muscle cars are actually capable of semi-decent fuel consumption-certainly better than their more expensive European counterparts. There's still a sizeable niche of drivers that are willing to endure sub 20mpg real world economy (RX8, most of the BMW 'M' cars, MB AMG, Range Rover petrol, etc)
The problem with muscle cars in the UK is really down to lack of kudos and parts availability. Parts for a small block chevy are ubiquitous in the US, not so in Europe.
Late 80s Camaros are not highly sought after though. Not all that powerful and pretty stodgy handling. Such traits add 'character' to a late sixties or early seventies car, but by 88 was pretty old hat.
At the track, a C6 Corvette will embaress German cars twice its price...
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