Tag Archives: antique car

These Classic Cars Gaining Value In A Slowing Market

We’ve passed the mid-way point in the year, and driving season is in full swing. In the classic car market, the first half has been a roller coaster with an optimistic start in January, then a steady softening as we made it through spring. Moving into the second half of the year, and with this week’s newest release of the Hagerty Price Guide, it seems that trend is primed to continue.

That’s not the case with everything, though.

Our friends at Hagerty did watch some vehicles buck the trend and post some meaningful gains in value. Here are just a few of the more newsworthy winners this past quarter (measured by average value increase across all four condition ratings).

Got questions about how they arrived at these changes? You can read more about the methodology behind the Hagerty Price Guide here.

1970-76 Plymouth Duster

Plymouth-Duster-rear-three-quarter-crop
Plymouth

Average increase: +32%

Based on the A-Body along with the Valiant and Dodge Dart, Plymouth’s Duster offered the Mopar faithful a sporty, compact car on a budget. Much like its market competitors (Chevy Nova, Ford Maverick, AMC Hornet), Dusters could be had with everything from a fuel-sipping six-cylinders to fire-breathing V-8s, along with some truly outrageous graphics packages. A Duster 340 making 275hp was king of the hill for this series, eventually being replaced by a more moderately rated Duster 360, choked down by smog regulations and lower compression. Like the Mopars of today, a dizzying number of different packages were available, from the Gold Duster and Space Duster to the efficiency-minded Feather Duster.

This spring, Dusters performed exceptionally well, racking up big gains in public sales, listings and insurance quotes. Standard 318-powered cars can still be had cheaply, and $18,000-$20,000 usd / $24,640 cad- $27,380 cad (via exchange rate at time of posting) will land you a good (#3) condition car. The spicier 340-powered cars will reach into the $30,000 usd- $41,060 cad range, which is still a lot of muscle for the money, but an average increase of 32% is shocking for a 50-plus-year-old car from a brand that’s been dead for nearly 25.

So, what gives? Why the sudden jump?

Well, for one, cheaper cars are still performing well, and even though the majority of muscle cars are softening in value, they’re still inexpensive fun. Our theory, though, is pop culture. Around the time Duster prices started climbing, a new crime series debuted on Max. The name of the show, funny enough, is Duster, and it prominently features a Duster 340. Coincidence? Perhaps, but we’ve seen this phenomenon before. As an honorable mention, the sibling Dodge Dart also experienced a bump, but at a more modest 17% average gain. You can bet that Dusters will be a car to watch for a while, strong sales usually bring more and more quality examples to market, offering further insights into this unexpected jump.

2024 Porsche 911 S/T

Porsche 911 ST heritage appearance package
Porsche

Average increase: +25%

Yes it’s exclusive and yes it’s expensive, so it’s probably easy to tune out and move on, but hear me out. The S/T is not just some badge-engineered 911 that Porsche overcharged for. It’s an obsessively lightened 911 with the high-revving engine out of the GT3, and it’s actually both quicker and lighter than a GT3. It’s more exclusive as well, with just 1960 cars produced worldwide. Not necessarily rare, but you’re gonna have to work to stumble across one. Ultimately, if you’re a Porsche fan with the money, this is a car to have.

Just as impressive as the raw performance is the market performance. The standard MSRP last year was $292,000 usd – $399,689 cad without optional extras, and that’s if you could manage to secure an allocation from your local dealer. The market for these cars is simple supply and demand. Porsche made them just scarce enough that buyers are willing to shell out major money. Public transactions have shown that buyers are willing to pay $700,000 usd- $958,160 cad or more to get their hands on one. The case of the 911 S/T also shows the world that there is still an appetite for cars geared towards hyper-enthusiasts; they want performance-focused cars, and they want them with a manual transmission. More companies should get the hint. While most of us will never afford something like a 911 S/T, or perhaps wouldn’t care to own one if we could, the insane enthusiast response to it may be the wake up call to all manufacturers to start making cars we actually want.

1979-94 Saab 900

Saab-900-Turbo-Cabriolet-front-three-quarter-yellow
Saab

Average increase: +20%

This sweet Swede is one rad ride. I know because I have owned and enjoyed three Saab 900 cars over the years including a beauty 5 speed with moonroof which I regret selling to this day. If Saab does anything well, it’s coming up with something truly unique. This company, which is also well-known for its aeronautical division, does an exceptional job of combining practicality and safety along with a dash of the sportiness of a Saab 37 Viggen fighter jet. This mid-size automobile came in standard commuter trim, but a warmed-over Turbo and SPG version could be had to satiate the hot hatch enthusiasts.

The Saab might be a bit of an oddity or a cult vehicle here in the states, but it does carry strong enthusiast interest. It is really everything that embodies the coolness and nostalgia of the 1980s and 1990s, and they’re generally affordable. Even with the strong percentage increase, a base 900 can be scored for under $10,000 usd- $13,690 cad in good condition, while a Turbo can be picked up in the mid-teens. If you’re after the more taut and sporty SPG, be prepared to shell out around $26,000 usd- $35,590 cad for a decent one. If you’re after a fun and funky car from the ’80s, the 900 is worth a look, and with market activity picking up, more may be coming out of the woodwork. Fortunately they remain relatively affordable, just not as dirt cheap as they used to be.

1978-87 Subaru Brat

Subaru Brat studio rear three quarter
Subaru

Average increase: +18%

Subaru’s Bi-drive Recreational All-terrain Transporter, or Brat, was one of many small Japanese trucks coming into the US in the 70s and 80s. Except it wasn’t a truck, technically, but we’ll cover that in a minute. Based on a car chassis, much like the Ranchero or El Camino, it was small yet capable, featuring a single-range four-wheel drive system, not far removed from the all-wheel drive setup for which Subaru is so well regarded today. Where things go off the rails a bit is when you look in the truck bed. Like I said, it’s a truck, but not technically. In the back, there is a pair of jump seats affixed to the back, which in the legal sense made the Brat a car. This was a workaround from the U.S. tariff scheme, which taxed imported cars at a rate of 2.5% instead of the 25% for trucks.

These are funky vehicles that could only have existed in the 1980s, when Japanese manufacturers were trying everything. They’re incredibly well loved around the world and are seeing an uptick in popularity here in the U.S. They’re still moderately affordable; a good example will fetch nearly $20,000 usd- $27,380 cad these days, but due to recent transactions, that’s up noticeably from the recent past. While not as commonly seen as other Japanese trucks of the era, these things are cool as hell and certainly a conversation starter, so we expect interest will stay strong.

1973-91 Chevrolet/GMC Suburban

1974 Chevy Suburban front three-quarter
GM

Average increase: +12%

North America’s longest serving nameplate is still the mighty Suburban, lasting an astonishing 90-years, and counting.

It began as a truck-based station wagon in the 1930s, but the Suburban we know and love today saw its roots planted in 1973. The update to GM’s truck line, known by enthusiasts today as the “square body” saw the Suburban go from a three-door to four-door for better passenger accessibility, and it dripped in creature comforts missing from previous models. Better sound deadening, cushy seats and multiple trim levels evolved the Suburban from a utilitarian people hauler to more of a luxury truck. This design stuck around until 1991, when GM added the Suburban and Blazer to the GMT400 line. The rest, as they say, is history. Suburbans would become more and more cushy (and expensive), making them somewhat of a discreet status symbol today.

The 1973-91 Suburban is a sweet spot for enthusiasts; they’re plentiful compared to earlier series, parts are easy to come by, and they are extremely usable. They’re also still pretty affordable compared to the pickups and Blazers from the same era. A good condition Suburban can be scored for under $20,000 usd-$27,380 cad , even for the 4×4 versions. We’ve observed an uptick in sales and market activity with these trucks, and combined with our quote data suggesting that Suburban owners are averaging on the younger side, this could be a strong indicator that this bump in value will stick or even grow over time.

For the Silo, Jarrod Barker courtesy of friends at Hagerty Insurance.

These Fun, Affordable 21st-Century Cars Aren’t Classics…Yet


Every so often, I engage in a particularly futile and depressing ritual—I shop for cars that I’ve foolishly let go. They’re cars that could have been feasible 10 years ago, but not today. I’ve been priced out of the market for virtually all of them. And while the market might be settling down at the moment, there are few signs of an out-and-out retreat to pre-pandemic pricing. Among cars from the 1970s through the early 1990s, there are precious few bargains. But go a little bit newer, where there’s even some depreciation yet to be done, and the picture gets more enticing. I’m talking cars from the 2000s to 2010s that are getting older, but still aren’t considered any kind of “classic” or “collectible” yet. Here are some highlights.

Fiat 500 Abarth

Fiat

The 500 Abarth is the closest thing to a real hot hatch that Fiat has ever offered in the U.S., a market that is sadly short on real hot hatches. There were more interesting varieties of the Punto and Ritmo, but those were Euro-only cars that frankly weren’t very good compared to competition from Renault, Peugeot, VW, and Ford. As for the 500 Abarth, although it first arrived here in the early 2010s, the 160-hp pocket rocket feels more like a 1990s hot hatch. It’s crude, the ride is choppy, and a 10 year-old Fiat probably wears more like a 20 year-old VW. But it’s loud, analog-feeling, and fun. Most importantly, it’s cheap. Around $8000usd to $10,000usd/ $11,000cad to $13,700cad buys one with under 50,000 miles/ 80,467kms. That’s tons of fun per us or canadian dollar in a package that offers an old school driving experience in something that’s new enough to have most contemporary features and conveniences.

MazdaSpeed3

2010 mazdaspeed3
Mazda/Guy Spangenberg

Back in the days of the Zoom Zoom tagline, Mazda fielded the incredibly entertaining MazdaSpeed3. Offered from 2007-13, it’s a four-door hatch with 263 hp and 280 lb. ft. of torque. It’s exactly the kind of car enthusiasts and auto journalists beg manufacturers for, but rarely head to a dealership and actually buy.  Everyone who tested a Speed3 back in the day found the car fun, especially those of us who were entertained by the torque-steer. Car and Driver wasn’t, comparing driving the car to a game of tug-of-war. But, affordability and perfection don’t often go hand-in-hand, so for $10,000usd to $12,000usd/ $13,700cad tp $16,400cad at current prices you could do far worse than the powerful and practical Speed3.

C5 Corvette

C5 Corvette Front Country Road Action
Josh Sweeney

If hot hatches aren’t your jam, there’s always the bargain Corvette of the moment, the 1997-2004 C5. While some variants, most notably the Z06, sailed beyond true affordability in the last several years, a base manual C5 with somewhere between 75,000 and 100,000 miles/ 120,000km and 160,934km can still be had in the $13,000usd to $15,000usd range/ $17,760cad – $20,490cad. That’s a huge bargain for what was an utterly clean sheet design, one of the few in Corvette history, and more performance than almost anything in this price point. Interiors are standard 2000s GM, but livable. And the styling, over a quarter-century after it was introduced, is aging quite nicely.

2003-08 BMW Z4

2006 bmw z4 roadster front
BMW

The 2003-08 Z4 is a bit like the C5 Corvette in that it wasn’t universally loved when new, but is aging well. Available in 2.5- and 3.0-liter six-cylinder forms, the Z4 was larger and more practical than its predecessor, the Z3. Its odd surface detailing and Kamm-tail also look better now than they did 20 years ago. The Z4’s list of maladies is well-known at this point—the VANOS variable valve-timing system can give trouble (it’s often the solenoids), as can the cooling system. These are pricy repairs, but with nice cars available in the $9000usd to $12,000usd/ $12,300cad to $16,400cad range, if you budget $2000usd-$3000usd/ $2,730cad-$4,100cad to sort things out, these can still be a compelling deal in semi-modern convertible German sports car.

2012 Mercedes-Benz SLS AMG CoupePalm Coast, Florida

2005-2014 Ford Mustang

2005 mustang convertible skyline beach
Ford Motor Company

You could argue that the 2005 Mustang was the first one to really look like a Mustang since maybe 1973. The brilliant Sid Ramnarace-designed S197 Mustang managed to look the part without being foolishly retro, a hard balance to achieve. Special editions, and certainly the Shelby versions of the S197 are not cheap, but a lightly optioned V-8 coupe or convertible is still one of the best cheap V-8 pony cars out there. Being a Mustang, there are always plenty on the market to choose from at any given time, and a decent manual transmission car can be had in the $12,000usd to $14,000usd/ $16,300cad to $19,130cad range.  For the Silo, Rob Sass/Hagerty.

Featured image: Mazda/Guy Spangenberg

This 1961 Impala Was Excellent Moonshine Runner

What more is there to say about this car except “Wow”? Jim’s 1961 Tri-Power Chevrolet Impala is yet another pure gem hidden away somewhere in the rural wilds of Ontario, Canada.

Back in the day, these cars were known in the South as an excellent choice for moonshine runners. It must have been difficult if not impossible for a police car of that era to keep up with this 280 HP, Triple Deuce carbureted, 348 cubic inch big block.

With no power steering or power brakes you sure did get a pretty good feel for those windy, dirt back roads. Yet because of these removed features the car had no loss of available horsepower or throttle response.

With a borg-warner 100 T-10 4 speed transmission and posi 4:11 rear-end, this car puts the power directly to the road.

These traits also made these Impalas widely used in stock car racing and drag racing as well. This pure beauty of a car is painted in a factory Ermin white, with a factory red and ivory interior. Some of the rarer options include: front and rear bumper guards, E-Z eye solar guard glass and wide, white walls.

In a world of ‘rip it down and change it’, this car is still running an old school Delco battery and generator. It is very un-common to still have these options installed.

Owned by Jim, a stunt driver with Legend Filming Network you can bet the only way you’ll see this car in its home area of Delhi, Ontario is when it’s passing you in 3rd gear with all three deuces wide open.

Extra Facts

The big flag badging on the grille and trunk lid was specific to only 348 cars, they came in 240 HP, 280 HP and the high horsepower 350 HP models. In late 1961 Chevrolet introduced the 409. That same year, the windshield wipers swept in the same direction. For the Silo, Robb Price.