The Truth About Cars » collector cars http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Wed, 23 Apr 2014 16:58:35 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.1 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » collector cars http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Definitely Invest In These Investment Cars http://www.thetruthaboutcars.com/2013/04/definitely-invest-in-these-investment-cars/ http://www.thetruthaboutcars.com/2013/04/definitely-invest-in-these-investment-cars/#comments Tue, 02 Apr 2013 16:58:23 +0000 http://www.thetruthaboutcars.com/?p=483339

Last week, I wrote an article entitled “Don’t Invest In These Investment Cars.” I expected the usual: at least one commenter would ask why I didn’t include a Panther derivative (which happened), my parents would ask when I was going to get a real job (which also happened), and life would otherwise continue along normally.

But that didn’t happen. Instead, I received a phone call from everyone I’ve ever met asking how I dared to include the Buick Grand National on such a list. (“They’re like $30k! And they used to be like nine! Are you an idiot?!”) So this week, I’m going to play it a little safer and instead write a piece on good investment cars. Feel free to provide your feedback, as long as it doesn’t include the words “Crown Victoria.”

DISCLAIMER: Do not actually attempt to use cars as an investment. You have a better chance of getting into the NBA as a white guy from French Lick, Indiana.

Without further ado, here are my nominations.

Acura Integra Type-R

Acura sold about 3,800 Integra Type-R units here in 1997, 1998, 2000 and 2001. (Presumably, they skipped 1999 to annoy people who wrote about them later.) Of those, 2,700 were stolen, stripped of any important parts, and stashed in a warehouse in North Jersey. And about 1,000 more were lowered by people who think modifications add value.

That means just 100 clean examples are left for people who a) appreciate the Type-R brand, and b) park in a locked garage.

Audi Quattro

The original Audi Quattro is a rally legend that probably won lots of races when driven by people from Sweden. Today, you can be just like them by purchasing a used street version, which seems reasonably priced until you bring it to a mechanic. Best just to buy one and treat it as garage art, watching the values soar around you.

E30 BMW M3

It’s actually impossible to create a list like this and not include the E30 M3, so here it is: I’ve done it. This is what we know: the E30 M3 is a seminal car for BMW enthusiasts everywhere. Like later M cars, it included a lighter curb weight, more power, subtle modifications and, apparently, no turn signals.

As I’ve said before, the only downside to buying one is that you have to deal with the kind of people who are selling them. Really, it’s stunning just how many of these are “the best example in the world.”

Ferrari F355 Berlinetta

I called out the 308 and 328 in my last article. This time, I wanted to include a Ferrari whose value will increase. As a result, I did not pick the 348.

Instead, I’ve chosen the F355 Berlinetta, which is annoyingly uncommon. Seriously, check AutoTrader: of the four zillion listings sure to pop up, three point nine zillion are for Spiders, aka convertibles, which no one wants. A few are open-roof GTS models, and about six are Berlinettas (good!) which have F1 transmissions (very, very bad). Finding a well-sorted F355 Berlinetta with three pedals is as almost difficult as finding a desirable Chevrolet SSR.

1993 Land Rover Defender 110 (NA Spec)

From 1994 to 1997, Land Rover sold a lot of Defender 90s to people who wanted to cruise along the beach after a nice hard day of watching their investment account. But an even rarer version came stateside in 1993: the Defender 110.

Only 500 “NA Spec” Defender 110 units came to the States, each equipped exactly the same: white, four-door, rust. Because of that last one, most were subject to five-figure restorations undertaken solely by people who live in Nantucket. These days, they can go for $60,000 or more, which is lots of money for a truck that leaks water on its occupants even when it isn’t raining.

1993-1995 Mazda RX-7

Anyone with even the slightest automotive knowledge is aware the RX-7 has reliability issues. Seriously, this is like the second day of car guy school, right after you learn the names of all the GM brands and before you cultivate a love of diesel-powered station wagons.

Because of its troubles, many RX-7s have been the victims of sloppy engine swaps. Still others have been “stanced” by the kind of people who find green wheels attractive. That means pristine examples will start increasing in value, if only because they’re among the most beautiful cars of all time.

Mercedes 500E

If you think the Panamera was the first four-door Porsche, you’re solely mistaken. It’s just the ugliest. Behold, the Mercedes 500E, which was built in extremely limited numbers by Porsche at a time when they desperately needed help keeping the gates open.

That help came from Mercedes-Benz, Porsche’s neighbors in Stuttgart, who asked Porsche to build the car. The resulting 500E was subtle, handsome and high-class. Clearly, it had no influence on the Panamera.

Old SUVs

Although I don’t see most SUVs climbing in value (sorry, International Scout owners), two models clearly stand out. The famous “FJ40” Toyota Land Cruiser will go up, simply because the wealthy cannot be seen cruising private beaches in a mediocre vehicle. And the original Ford Bronco will gain in value, marking the first time in the Bronco’s 31-year history it will ever be known for anything besides leading the LAPD on a tedious car chase.

Porsche 911

This should be obvious, especially with the recent (and mostly inexplicable) rise in values for 1960s and 1970s 911 models. But I’m calling out three in particular that I think will steadily go up in the next few years.

The 930 is, to me, the most obvious. For you normal people, that’s the 911 Turbo sold from the late ‘70s to the late ‘80s. There’s absolutely no reason the values for these haven’t taken off yet, except maybe for the fact that not enough have been exported by Europeans looking for a good deal. Give it time.

The 993’s values are also clearly trending upwards. That’s the 911 sold from 1995 to 1998, which makes it the last car for annoying purists who will only buy air-cooled. The 993 will always be revered by enthusiasts for this fact, and for the speed at which it kills bugs.

My “out on a limb” 911 pick is the 996 GT3, which was sold in 2004 and 2005. Not only is it a track monster, but it’s way too cheap – especially as purists start hanging on for dear life now that they’ve killed the 991 GT3 by making it faster.

1993-1998 Toyota Supra Turbo

Values of the “MkIV” Toyota Supra are only going to go up, which is annoying since they’ve already been going up ever since Vin Diesel lived his life a quarter-mile at a time. These days, a clean example with reasonable mileage can pull $50,000 or beyond, which is approximately the same money private sellers ask for Land Cruisers from a similar era.

So there you have it, folks: my picks for cars we’ll see at Barrett-Jackson in 20 years selling for multiples of their current value. Of course, that’s meaningless, since many cars at Barrett-Jackson today sell for multiples of their current value.

How wrong am I? Who’s going to call me out for not including any American cars? How many people will mention the GMC Typhoon? I’m eager to find out. Just stop calling me about the Grand National.

Doug DeMuro operates PlaysWithCars.com. He’s owned an E63 AMG wagon, road-tripped across the US in a Lotus without air conditioning, and posted a six-minute lap time on the Circuit de Monaco in a rented Ford Fiesta. One year after becoming Porsche Cars North America’s youngest manager, he quit to become a writer. His parents are very disappointed.

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Don’t Invest In These “Investment” Cars http://www.thetruthaboutcars.com/2013/03/dont-invest-in-these-investment-cars/ http://www.thetruthaboutcars.com/2013/03/dont-invest-in-these-investment-cars/#comments Mon, 25 Mar 2013 15:10:11 +0000 http://www.thetruthaboutcars.com/?p=482253

Get any group of car enthusiasts together and they’ll eventually start arguing about which recent models will increase in value over the next twenty years. I don’t think it’s actually possible for assembled gearheads not to discuss this topic, usually somewhere in between stories about past speeding tickets and bashing the Toyota Corolla.

As a result, “investment” cars have been covered quite a bit. But here’s an interesting variation: which cars won’t increase in value? Of course, the easy answer is “most of them.” But more specifically, which recent cars are people holding on to, hoping for a value increase that just won’t come?

These are my predictions, and – as always – I soon expect to hear just how wrong I am.

Buick Grand National

We can all agree the Grand National is an unbelievably cool car. Debuting at a time when the size of an average Buick was outdone solely by the thickness of its owners’ glasses, the Grand National went like a Corvette despite possessing the aerodynamics of a file cabinet.

But here’s the problem: Buick built 30,000 Grand Nationals and sold each one to a casual collector who expected it to shoot up in value “someday.” Owners would bring guests to the house, show them the Grand National and loudly announce: “This is Junior’s college fund.” As a result, every single Grand National is currently parked in a climate-controlled garage with zero miles and a laminated window sticker. With so many examples built and so many of those in perfect shape, don’t expect to see values jump.

E28 BMW M5

I’ve noticed a growing trend among E28 M5 owners to price their cars as if they were Silicon Valley homes during the waning days of the Clinton administration. Seriously: there is one on AutoTrader.com near me that has 194,000 miles and a $20,000 asking price. I write this having not actually verified its continued presence on AutoTrader because, let’s be honest, it’s still there.

E28 M5 owners are convinced that their cars will soon appreciate like the E30 M3. Unfortunately, they’ve forgotten that the E30 M3 was the lightweight sports car that began an era, while the E28 M5 was a vaguely sporty sedan with really long shift throws. My suggestion to E28 M5 owners: enjoy your cars, because they’re amazing. But stay out of the $20,000 price range.

Ferrari 308/328

One day, I might have to eat these words. But right now, it’s hard to imagine 308 and 328 values staying anywhere but exactly where they are.

The 308 and 328 are very cool cars that look like they’re doing 200 miles per hour even when they’re sitting still. But they don’t quite have the guts to back up the styling. In fact, with its 240 horsepower, the 308 could barely crest 150 mph, let alone 200. The 328 was a bit meatier, but that doesn’t matter much in today’s world of Camrys that do 0-to-60 in six seconds.

Sure, performance isn’t everything. The Dino, for example, could barely outrun an old MG – but its values are now creeping into Daytona territory. Very true. But while there are 2,500 Dinos in this world, Ferrari built more than 12,000 308s and another 7,000 328s. The huge production numbers virtually ensure they will always remain a used car, and not a collector car.

2002-2005 Ford Thunderbird

I sincerely hope that no one bought the ’02-’05 Thunderbird as an investment. But if you did, you’ll have a rude awakening when it comes time to sell and you discover the T-Bird is worth only a little more than the Lincoln LS on which it’s based.

Like the Prowler below, the eleventh-gen Thunderbird is a case of an automaker trying too hard. Of course, it worked out for Ford: they sold every unit, and early ones were probably very profitable. But the Thunderbird’s biggest market was old people nostalgic for old Thunderbirds. Young people never latched on, which doesn’t bode well for its future as a collectible car.

Any “Indy Pace Car” Edition

I have a confession to make: I love Indy Pace Car Editions. Seriously. Yes, even that purple Corvette with the yellow wheels.

But unfortunately for people who own them, I’m basically one of one. Most people see Indy Pace Car Editions for precisely what they are: a manufacturer eeking out a few extra sales by taking a normal car and adding stickers. And, sometimes, yellow wheels.

As a result, don’t ever buy an Indy Pace Car Edition as an investment. Unless, of course, it actually paced Indy. Which it never did.

Plymouth Prowler

When the Plymouth Superbird came out all those years ago, no one ever expected its values to go anywhere. As the famous story goes, it was actually highly unpopular, which isn’t hard to believe considering its rear wing looked like an industrial-strength staple, possibly created by Paul Bunyan.

The problem with the Prowler is that it’s the exact opposite. It’s trying too hard to be cool, which virtually ensures that it will end up in the history books as gloriously uncool. The fact that its V6 came from the Dodge Intrepid and its center stack from the Chrysler parts bin only seals the deal: the Prowler will never climb in value. Even if you have the little trailer.

Porsche 997 Speedster

Before the 997 model, every single 911 Speedster was priced from the factory like a slightly more expensive 911. People bought them, stored them in inflatable bubbles, and watched values soar.

This time, Porsche wanted that value jump for itself – and they priced the 997 Speedster accordingly. For $204,000, you got unique wheels, a distinctive windshield, a weird top and a slight horsepower bump over the regular 997 Carrera S – which, by the way, was half the price. Values entered free-fall before the cars even sold out.

Of course, 997 Speedster values will, one day, climb again. But it will be many years – and a lot of inflation – before they ever return to the $200,000 mark.

So, tell me: am I wrong? Did I miss anything? What cars do you think are being stored in dirt-free controlled garages by owners who have unrealistic expectations about future values?

Doug DeMuro operates PlaysWithCars.com. He’s owned an E63 AMG wagon, road-tripped across the US in a Lotus without air conditioning, and posted a six-minute lap time on the Circuit de Monaco in a rented Ford Fiesta. One year after becoming Porsche Cars North America’s youngest manager, he quit to become a writer. His parents are very disappointed.

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