The Suzuki Samurai subcompact SUV’s fortune is on the upswing, landing on Hagerty’s 2022 Bull market … [+]
Most everyone plays the “time machine” game every once in a while. “If I could go back into time I’d…” and the answer usually ranges anywhere from “I would marry my first love,” to, “I’d buy Apple stock instead of Apple products,” and of course, “I’d snap up a few famed 1960’s muscle cars, garage them for a few decades, and retire comfortably on the proceeds.”
You don’t have to be a bona fide soothsayer to predict which newer and older vehicles will become coveted collectibles down the road, though having a flair for vehicular prognostication helps.
That’s where the experts at vintage car insurer Hagerty come in. They’ve just released their annual Bull Market list of drool-worthy sports, luxury, and muscle cars built between 1963 and 2012 model year that are poised to increase in value, at least if the stars align properly.
“At Hagerty, we believe that life is too short to drive boring cars, and the 2022 Bull Market list shows how folks can affordably drive their dreams,” says Larry Webster, Senior Vice President of Media and Editorial for Hagerty. “Our seasoned experts employed Hagerty’s massive database to name 10 cars that people can buy, enjoy for a few years, and then sell to the next enthusiast for about what they paid or maybe even a bit more.”
As before, Hagerty’s Bull Market list contains some classic rides that are already unobtainable for many shoppers as well as those that remain affordable, with the proverbial sky’s the limit either way in terms of appreciation.
Here’s a quick look at the 10 used cars Hagerty says are most likely to succeed as future collectibles:
1965-70 Cadillac DeVille
This is the iconic Caddy, large as a living room, fitted with plush sofa-like seating, and tuned to float over pavement imperfections like a yacht. While coveted as the epitome of luxury in the 1950’s, Cadillac’s image began to wane in the 1960’s, and crashed during the downsizing of the 1970’s and 1980’s. Still, you can get a lot of good old Detroit iron for the money these days in a classic DeVille coupe, sedan, or convertible to cruise the strip on Saturday nights in high style. A ragtop DeVille from 1967 that sold when new for $5,600 can be now be found selling for $28,500-$38,500.
1969-1974 Ferrari 246 Dino
There are few cars as coveted by collectors as Ferraris. Sleekly cast, an early-1970’s Dino is a rolling work of art that, unlike actual art, can be driven with wild abandon on a sunny summer’s day. The Dino is especially noteworthy for being uniquely (at least for the brand) powered by a V6 engine instead of a V12, and it was the first mounted behind the driver in mid-engine configuration. Another …….