Wednesday, May 14, 2014

Interesting Theory...

#1 Blogdaughter sends in this thought-provoking article.

Five 'undesirable' collector cars that have skyrocketed in value
The classic car world is possibly one of the most opinionated collecting pursuits known to man, and nearly everyone seems to have an opinion on relative values and desirability. Each car on this list has at one time or another been deemed by “experts” to be hopeless as a collectible and each has one thing in common—they’ve skyrocketed in value.
I kinda have to debunk the list a bit...

1. 1956-58 Studebaker Golden Hawk. Err, no. Sure, it may not have been immediately a hit with collectors like the '57 Bel Air, but the Hawk was a pretty sweet ride unto itself.

2. 1965-69 Corvair convertible. Okay, perhaps. But it probably has more to do with lackluster style and performance compared to other cars from the time period.

3. 1979-80 BMW M1. Not on bad day, folks. The M1 is one of the most-sought after BMWs out there. Try again.

4. 1976 Porsche 912E. Again, no. It's a Porsche. Even the 914s and 924s are collectible. Bzzt!

5. 1955-63 Mercedes-Benz 190SL. And again, not even close. Sure, other models were more desirable, but that doesn't mean the 190 was undesirable.

Honestly, I think that's the problem with the list. The cars listed aren't undesirable, it's that there are other more desirable options. Except the BMW. That one they're just wrong about.

It did get me thinking, though. What are some future collectibles? I'm thinking along the lines of, cars you could pick up now, cheap, and restore for future $$$. Obviously, early 1980s Corvettes, early 1990s Vipers, or Grand Nationals would be a choice, but I'm leaning more towards a sleeper. Kinda like these:

5. 1996 Chevy Impala SS. Last year of the rear-drive, full-size Impala. Lord Vader, your car is ready indeed.

4. 1997 Ford Probe GT. While they didn't exactly set the world on fire, performance-wise, it was a strange departure for Ford to have a decent-looking, front-wheel drive somewhat sporty car.

3. 1989 Dodge Dakota Sport Convertible. Yes, the only factory pickup truck convertible (No, the Chevy SSR doesn't count).

2. 1995 Toyota Supra. Six speed manual. Near-50:50 front:back weight distribution. Turbocharger. Yeah.

1. 1995 Mitsubishi 3000GT. Maybe I played "Need for Speed: Underground" too many times in the early 'Oughts, but the 3000GT, especially the 320HP twin-turbo version, was one helluva car.

So, what's on your under-rated list?

That is all.


Ted said...

The primary driver of collectible car values is low production. It might appear to be an overlooked collectible but if they more than 1,000 of them, they will never be big dollars.

If you want a True Collectable. It needs to be one of the documented 15 examples of the orgininal 10 cars ever built.

Stretch said...

The Smarter Half had a '90 and a '94 Probe. We took the latter cn a 7,000+ mile cross country trip. The only problem? Had to replace a headlight in Albuquerque. And yes, we did make a left turn there.
Great car for covering long distances.

SJ said...

Would the Ford Crown Victoria (Police Interceptor model) be a potential future collectible?

For a balance of comfort and power, they're nice. Not really flashy, but fast.

However, they aren't the typical "rare" item.

But they are hard to pick up anywhere except for government auctions. Various Departments will tend to let them go through lots of maintenance cycles before they let the cars go.

And it will be really hard to get one with a full light rack...

Garrett Lee said...

You're wrong about the factory pickup convertible. Ford made them as late as '34...

(And if you know where to get a '34 roadster pickup, let me know!)

Anonymous said...

The BMW 8 series from the '90s, especially the V12 powered 850i. Less than 32,000 built in total, only 8,000 of which came to North America and they're at the bottom of the depreciation cycle. You can pick one up for $10-15,000 now, 20 years ago they sold for $70,000 plus.


Jesse in DC said...

I have to stand up for the poor Corvair... The 65 to 69 second generation Corvairs are really decent enough cars. 4 seat US made convertibles are all getting pricy, so these are still a relative bargin. While not a rocketship like a V8 Mustang perhaps, they can sure outrun a 6 banger one on anything except a straight road. I think the coupes look better, just my opinion.

Pakkinpoppa said...

Dang! The Dakota Convertible Truck!

Dad had one of those when I was 16 and still learning to our backyard. One day, we were out practicing, he needed to run inside and make a phone call, so he left me out in the truck. I decided to see if the radio would work with the key out of it.

Good thing in a "stick", my habit started well, to put the foot on clutch and other on brake when turning ignition, as I discovered said vehicle would start without the key. Oops.

Robert said...

Just try to find a turbo six speed Supra. It's practically impossible.

Bradley said...

I want to say the P71 CrownVic(police interceptor) but i have to go one better, the 2003/2004 Mercury Marauder.

300+hp 4valve V8 great ride, and scary damn quick!

Borepatch said...

Why was your entire post narrated to me (in my mind) in Jeremy Clarkson's voice?

RollsCanardly said...

I'm really, really hoping that my 1989 Toyota MR2 Supercharged (I believe that fewer than a thousand were imported into the US) will be worth something someday. I'll keep driving it, though, just in case it never amounts to much.

Joe Texan said...

Tim Allen drives (or did at one time) one of those big Impala SS's. But he shoehorned a 502 big-block under the hood.

Kevin R.C. O'Brien said...

I have one of those Impala SSs. I looked for about 3 years and finally found it in the next town, still owned by the widow of the prof who bought it new, with 70,000 miles on it. It's murder to find one that has not been trashed by juvenile "customization."

I figured I would run it occasionally for a couple years, then get something else.

5 years later. I have 92,000 miles on it... and what do I replace it with? Big, front/rear, comfortable for long highway drives, able to haul four or five adults in plush comfort and still light up the tires?

The new SS is lame by comparison, even though the motor is better. Plus, there's the Government Motors baggage and the UAW build quality... I've finally got everything the boys on the line screwed up unscrewed on the 96.

I'll probably have to get an Audi or something.