Author: Jason / Date: August 9, 2022 / Tags: classic cars
(RareCarMarket.com) – Multiple classic car models have recently experienced an increase in worth. Some impressive jumps should turn collectors’ or investors’ heads. There are several reasons for these price spikes.
For example, the Hagerty Bull Market List influences prices. The list collects and publishes predictions from classic car insurers throughout the year. Here’s a look at a few cars on this list and how much they’ve increased in value.
The 1965 Cadillac Coupe DeVille scored high on the list. Insurers expect this vehicle to significantly increase in worth by about 20% over last year. Collectors consider it a good purchase with its C-body platform and timeless features, like its curved frameless windows.
The 1974 Ferrari 246 Dino is experiencing a surge in popularity among Generation X buyers. This new interest is driving a 5% value increase for the model. The 246 Dino isn’t a typical Ferrari, and the vehicle doesn’t have the brand name anywhere on it. It’s also very different from the traditional style. The model benefits from the limited number of these cars Ferrari manufactured.
The 1967 Mercedes-Benz 230 SL has been a stable value in the past, maintaining a reasonable appreciation. Still, Hagerty’s expects an impressive jump of 35% in its worth by the end of 2022. Collectors seek out this car for its quick performance and smooth looks.
While some of the models seeing a nice increase may be out of the typical budget range, if a person jumps in early, it’s possible to find some jewels among the list and make a nice investment.
Copyright 2022, RareCarMarket.com