These 5 Collector Cars Have Seen Big Value Spikes in the Past Year
Summer is here and if you’re looking for a collector car to enjoy it in, these classics are begging for your attention.
The world’s leading insurance provider for classic vehicles, Hagerty, has released a list of the hottest collector cars of the summer, but what caught our interest is how some of these have seen their values spike in the past year. That means if you’ve been keeping your eye on any of these, you might want to act fast because they’re trending upwards and quickly.
SEE ALSO: 10 More Future Collector Cars That Are Affordable Now
5. 1988 Porsche 944
The 1988 Porsche 944 headlines the list with a current value of $20,600 in top condition. And while its top condition value is steadily on the rise since January 2016, it’s the excellent condition cars that have seen a major jump. In January 2015, the 1988 Porsche 944 had a value of around $10,500 but in January 2016, it has jumped to approximately $16,500. Excellent condition cars have dropped a bit since then however, to around $15,600.
4. 1974 BMW 2002tii
Who isn’t a fan of a BMW 2002? The 1974 BMW 2002tii currently has a value of $47,300 for a top condition example, while an excellent one will fetch around $26,800. Its value has jumped substantially since January 2015, when a top condition model was worth around $36,000. Its value was actually slightly higher in January 2016 when it was worth around $47,500.
3. 1997 Ferrari F355 Spider
If you want to drop the top on a Ferrari, you might be surprised to hear what the F355 is worth today. The 1997 Ferrari F355 Spider is currently worth $90,100 in top condition, a noticeable increase from its January 2016 value of $77,500. But this particular model is on the rise, considering in January 2015 it was worth around $51,000! Even an excellent condition one will fetch around $68,900 today.
2. 1987 Mercedes-Benz 560SL
Perhaps the Ferrari is too flashy and you prefer something more classy. The 1987 Mercedes-Benz 560SL is a primate candidate and its value is quickly rising. Currently a top condition model will run you around $75,700, which is slightly more than its value in January 2016 of $73,000. But it’s also one of the biggest jumps on the list, since the 1987 Mercedes-Benz 560SL was valued around $32,500 in January 2015.
1. 1990 BMW M3
But the car seeing the biggest jump in the past year is the 1990 BMW M3. You might be shocked to hear that a top condition model begs a price of $121,000 in today’s world and even an excellent condition has a price tag of around $76,100. It has been on the rise since January 2015, when a top condition was valued around $69,000. In January 2016, Hagerty says it would fetch around $115,000.
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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560 SL......$75,000 ?....But when you google it some say $15,000 ??....can someone enlighten me why?
Add me to that list my friend. My mom owns one that she wants to sell and Im supposed to help her. Ive taken nice pictures of it and have no problems drafting an ad, I just cant commit to a listing price. 20k? 40k? My instinct is to just hold on to it for now.