New cars are terrible investments. A new car’s value can drop $2,000 – $3,000 almost immediately after driving it off the dealership lot. It is not uncommon for a car to lose 30 percent of its value in the first couple years of ownership, and the resale will continue to drop as the car gets older. In a few cases, a car’s value will eventually bottom out and begin an upward trend, sometimes exceeding its original MSRP many times over.
In this episode of TFLcar Talk, Nathan and Andre discuss cars they’ve seen this year, and call out five cars (plus one bonus) that are potential future collectible cars.
What are some of the factors that lead them to believe their choices will become future collector cars? Low production volume is one. This feeds into the simple equation of supply and demand. If there is a low number of a specific model available, the demand goes up — and so does the price. Lately, limited production sports cars from the eighties and early nineties are starting to rise in value.
Having two doors seems to be a common theme among the most collectible cars in the world. Of course there always exceptions to the rule (think VW bus), but cars with two doors generally dominate the list of collectible cars. Ferrari GTO, the original Ford GT, and even the Land Rover Defender all have two doors and command a pretty penny.
Being able to drop the top also is a popular indicator of a future collectible. Some of the most coveted classics to cross the auction block always go for big dollars. Examples that quickly come to mind are 1960 Mercedes-Benz 190SL Roadsters, 1966 Sunbeam Tiger convertible, 1941 Cadillac Convertible Coupe, and 1953 Buick Skylark Convertible.
Just for fun, what do you think could be a potential future collectible car? Let us know your thoughts in the comments section.