As with fishing, when it comes to investing there is always a story of who got away. Those, like many of us, who have seen their fortunes plummet over the past year will probably not be relieved to learn that a surprising number of vintage car investments outperformed the market – and did so easily – in 2022.
The Standard & Poor’s 500 Index may have fallen 19.4% over the past year, but statisticians at the classic car collection site Classic.com have identified a large list of prospects that have gained as much as 88% over the same period. auction data. While these include some classic sports cars like Ferrari, Lamborghini and Porsche, the list also includes plenty of affordable trucks and SUVs that are prized by those looking to get into the sport on a budget.
Read more: The ten most expensive cars in the world
Among the notable vintage cars that are increasing in value is the 1992 and 1993 GMC Hurricane. It borrowed the classic muscle car formula of the 1960s and 1970s and put a turbocharged 4.3-liter V6 engine making 280 horsepower in a midsize two-door. of Jimmy SUV. It accelerated like no other passenger car of its time, reaching 100 km/h in just over five seconds. Valued at $21,262 last January, it is estimated to have an average value of $33,734 at the end of the year, up 59%.
A similar Cyclone pickup, the 1991 and 1992 GMC Syclone also appears on the list and has seen a 30% increase over the past year, jumping from $32,580 to $42,377.
Those of a certain age may remember the Buick Reatta two-door, two-seat luxury convertible and coupe that debuted in the 1988 model year. Built at its “artificial facility” in Lansing, MI, it is known for being the first car. it is mass produced with a touch screen and remains an affordable car. Classic.com says that Reattas from 1991 to 1998 can be found, on average, selling for $10,903, which represents a 30% increase in value over the past 12 months.
The hottest vintage 2022 also includes an all-electric car, the original Tesla Roadster, based on the Lotus Elise and manufactured between 2008 and 2012. The 375-volt electric car produced the equivalent of 248 horsepower with up to 390 kilometers of range. . , which was unheard of at the time. Its value has increased by 26% in the past year, from $86,950 to $109,050.
The cheapest and, in many ways, unlikely example on the list of old cars that are recovering quickly is the terrible Chrysler TC by Maserati, sold from 1989 to 1991. , mainly due to low sales volume. The top model is priced at $7,482, which is a 26% jump in value from last year.
The biggest dollar gainer last year was the already expensive 2004-2006 Porsche Carrera GT, which increased in value by $483,680 and broke the seven-figure mark at $1,375,561.
But perhaps the most unusual item on Classic.com’s most prized list is the famous Amphicar, at number 40. Debuting in 1961, this was a small German-built car designed to function as a watercraft. One can simply enter the body of water and continue, thanks to the two external propellers. During his presidency, Lyndon B. Johnson kept one on his Texas ranch and, as the story goes, he liked to scare visitors by taking them in an Amphicar and pretending to lose control of the car, and swerving into the lake. property.
We’re counting down the 40 collectible cars that Classic.com identifies as the most valuable in 2022, looking at percentage growth and year-over-year starting and ending values.
As with stock picking, those who are diligent can predict future trends and/or just get lucky, and can find real gems among generations of models – many of which have depreciated and been relegated to the scrap heap. .
It can be assumed that desirable vintage cars that have been well-preserved or carefully restored will fetch the most money at a private sale or auction for vintage cars, with low-mileage models, limited-production variants and those with unique origins likely to bring high rates of return.
Best used car investment of 2022:
Land Rover Defender 110 Hard Top, 1990-2016: +88% ($32,825 to $61,791)
Maybach 57, 2003-2012: +78% ($54,093 to $96,093)
Mercedes-Benz E350, 2006-2009: +61% ($9,789 to $15,723)
GMC Hurricane, 1992-1993: +59% ($21,261 to $33,734)
Toyota 4Runner, 2003-2009: +56% ($11,453 to $17,918)
Porsche Carrera GT, 2004-2006; +54% ($891,881 to $1,375,561)
Lamborghini Countach 25th Anniversary Edition, 1989-1991: +51% ($292,612 to $442,061)
BMW M6 Convertible, 2007-2010: +49% ($27,362 to $40,736)
Mitsubishi 3000GT VR-4, 1997-1999: +49% ($27,392 to $40,736)
Toyota Land Cruiser, 2008-2021: +48% ($26,802 to $39,834)