As New Cars Slump, Classic Muscle Increases In Value

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By Dave Ashton

Although sales of brand-new vehicle seems to be slowing, the classic muscle car market is as buoyant as ever. Even base models of the classics are slowly increasing in value, so now is a great time to start investing.

Checking the Hagerty valuation tool, A 1970 Chevrolet Chevelle SS 396 has increased in value for a #1 Concours condition car from the low $70k to high $80k in 3 years. The same proportions of increase for a fair condition vehicle.

The classics such as a Dodge Charger, Dodge Challenger, Plymouth Barracuda and Shelby‘s always will fetch high values, especially for the prime years from 1969 to 71. You can’t go wrong with any of the pony cars such as a Mustang or Camaro, with plenty on the second-hand market from project vehicles to pristine examples. Vehicles such as Oldsmobile and Mercury’s give you the best bang for your buck, as they don’t have as big a following in great condition examples can be got for a base price from the other models.

The other great driving forces for investing in a classic muscle car gives you the pleasure of the driving experience along with the investment. You may not take an original Pontiac GTO out for a drive every day, you can still enjoy the vehicle to its fullest whenever you please. There are other factors such is the enjoyment of maintaining working on the vehicle, attending shows, driving and even racing the cars.

Over in Australia the of the great continent for muscle car fans, a 1971 Ford Falcon GTHO Phase III went under the hammer recently for $500,000, a 1969 Ford Falcon XW GTHO Phase I for $201,000 and a 1968 Ford Shelby Mustang GT500 428ci Cobra Jet V8 for $170k.

Keeping an eye on the market for a little while before you invest is a good idea while checking the sales listings and valuation tools regularly. Now there has never been a better time to invest in a muscle car.

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