Vehicle prices have grown across the board this year, but collector car prices have been on the move for years. The world of online car auctions and car shows such as Radwood have driven attention to obscure and otherwise unknown cars, pushing their prices. Insurance and overall automotive lifestyle company Hagerty is stepping in to help. It complied a list of vehicles that it believes are currently a good value and have potential to climb. The Hagerty Bull Market List covers ten vehicles of all types.
Hagerty’s list is expansive, covering several vehicle types, prices, and time periods. The list features vehicles built between 1963 and 2012, and is designed to nudge people into buying cars before they become unattainable. This is especially important now, as online auction sites have moved the markets for some previously obscure cars well past the point of reason.
The Bull Market List isn’t intended to give you an inside track on car values so that you can flip them for quick profit. Instead, the list should give you the push you need if you’re already on the fence about buying a car to keep and drive a cool vehicle. Hagerty wants people to buy the cars and have the ability to pass them on to other enthusiasts without charging exorbitant prices.
The Bull Market List includes (with excellent condition pricing):
- 1965-1970 Cadillac DeVille ($28,800)
- 1969-1974 Ferrari 246 Dino ($365,800)
- 1983-1997 Land Rover Defender ($61,400)
- 1979-1985 Mazda RX-7 ($17,600)
- 1962-1967 Mercedes-Benz 230SL ($80,500)
- 1963-1967 Pontiac GTO ($100,200)
- 1992-1995 Porsche 968 ($38,000)
- 1985-1995 Suzuki Samurai ($10,200)
- 2008-2012 Tesla Roadster Sport ($97,000)
- 1975-1993 Volvo 245 ($15,800)
If you’re considering one of the vehicles on the list and have the means, it’s a good idea to act in the near future. Vehicle prices are rising due to supply chain shortages to the point that even older cars are climbing. That, plus the effects of online car auctions, have made it hard to find a good value car.