Which Vintage Cars Are Currently At Peak Value?
Remember that time in December 2006 when you had a few extra million dollars in spare change laying around and decided to go shopping for a vintage car? Of course you do. As a car-lover in search of an investment, you went hunting for a vehicle that would not only look great in your garage but also pay for its own room and board by appreciating.
After some searching, you decided to scratch your muscle car itch with a Condition 1 1970 Plymouth ‘Cuda Convertible. You know, the convertible with the 426 Hemi V8 that set you back $2.2 million. A wise investment, no?
As it turns out, no.
Since the day you bought it, according to Hagerty, the 1970 Cuda has done nothing but slip in value. As of December 2013, the car is worth about half of what you paid for it – and good luck even selling it for that much.
A smarter bet back in 2006 would have been a 1969 Toyota 2000GT, which Hagerty then valued at the bargain price of $240,000, and has since appreciated to more than $900,000 in estimated value.
As in the stock market, the danger of buying at an asset’s peak price is always a risk in the vintage car market. Which vintage cars do you think are currently at their peak and ready to slip in value?