Collector Cars Outperform S&P, Dow
The average increase in collector car values - from February, 2004 to February, 2008 - was 36 percent, more than double the S&P 500 Index increase and the Dow Jones Industrial Average increase during that same time frame.
This, according to a report released by NADAguides.com, a vehicle pricing and information website. The authors evaluated close to 27,000 makes, models, model years and segments of collector cars, with some surprising findings.
The company found that collector cars valued at over $125,000 appreciated at a higher average rate than vehicles in any other pricing
category - a whopping 47 percent.
|
|
Collector cars valued between $75,000 and $100,000 appreciated at the second highest rate of 45 percent, while vehicles valued between $25,000 and $50,000 appreciated at the third highest rate of 39 percent.
Most recently, the average appreciation rates of all vehicles on the NADAguides.com list were lower from 2007 to 2008, compared to those same vehicles' appreciation rates from 2006 to 2007.
The report also revealed that, from 2004 to 2008, the top 25 collector cars with the greatest percentage increase in value were specially affordable, with 16 of the 25 valued at under $10,000. And yet, during this same time frame, the average appreciation rate of these vehicles was an astonishing 370 percent.
The company also noticed that the early 1970's American muscle car segment showed dramatic increases in values during this timeframe, with six vehicles in particular appreciating at some of the highest rates in the NADAguides.com collector car database.
Ferguson explained, "The growing popularity of '60s American muscle cars has caused their values to escalate significantly in recent years. As a result, collector car buyers are increasingly turning to '70's muscle cars as a more affordable yet comparable alternative."
Examples:
1972 Chevrolet Nova 2-Dr Sedan
2004 Average Retail Price -- $2,500
2008 Average Retail Price -- $11,100
335% Increase
1970 Dodge Challenger R/T Hemi 426 2-Dr Hardtop
2004 Average Retail Price -- $44,200
2008 Average Retail Price -- $177,700
302% Increase
1974 Plymouth Cuda 2-Dr Hardtop
2004 Average Retail Price -- $7,400
2008 Average Retail Price -- $28,900
291% Increase
1970 Ford Mustang Boss 429 2-Dr Fastback
2004 Average Retail Price -- $55,000
2008 Average Retail Price -- $165,600
201% Increase
|
