It seems like the price of everything is sky high right now, and that certainly applies to classic cars, too. However, even as the market remains strong for collector cars and classics, some are trending down a bit. If you’ve got one of these classics, you’re in for a bit of a dip. Furthermore, if you’re looking for a chance to buy low and sell high, these vehicles might be the right choice!
1970 – 1972 Chevrolet Monte Carlo
According to Hagerty, the 1970 to 1972 Chevrolet Monte Carlo has gained some appreciation in recent years. However, these collector cars started life a little off the beaten path in the first place.
The Monte Carlo was originally marketed as more of a luxury car in comparison to the Camaro and Chevelle. However, they were also available with equally as potent V8 engine options. So, you could have your luxurious cake and eat it while cruising door to door with Chevy’s flagship muscle cars, too.
As of now, these model year Monte Carlos are down about five percent in value.
1968–1976 BMW 2002
This is great news for BMW enthusiasts. The legendary 2002 is one of the most sought-after BMW classics for many enthusiasts of the iconic German manufacturer. However, their prices have been accelerating monumentally over the past decade.
Now, though, they are reflecting a five percent downtrend. So, if you’re in the market for a collector car and you’re a BMW fan, now might be the time to pull the trigger on your dream 2002!
2004–2009 Ferrari F430 Spider
It’s not often you read news of a Ferrari losing value. That pretty much applies to any model of the past several decades, too.
However, one of the most iconic Ferrari models of the 2000s, the F430 Spyder, is on a slight downward trend right now. So, if you missed the boat on buying a Ferrari 360 when they were “affordable,” now may be the time to consider picking up a Ferrari F430 Spyder.
Put the top down and listen to that iconic raging flat-plane V8 behind your head!
1970–1977 Alfa Romeo Montreal
For most of the automotive world, the Alfa Romeo Montreal is a bit of a deep cut. However, it is certainly nothing short of a collector car. That being said, there’s great news for any collectors aspiring to add a Montreal to their collection.
Right now, the gorgeous Montreal is on a downtrend that’s reflecting about eight percent of its total value lost. So, now’s your chance to put one in the garage! However, with the amazing-sounding V8 under the hood and the legendary Bertone styling, you’ll be hard pressed not to take it right back out of the garage.
Watch out for rust on these, though!
1970 Plymouth Superbird 440/390-hp
Surely, this will come as a surprise to many muscle car and NASCAR enthusiasts. The legendary Plymouth Superbird was made famous by NASCAR icon Richard Petty. The Superbird is an icon that changed the way engineers look at aerodynamics. With a top speed of over 200 miles per hour, it was truly a peek into the future.
Despite one having just sold for $1.65 million dollars in Las Vegas, Hagerty reports that the Superbird is currently down a whopping 16 percent overall.
Car collecting and trading are like the stock market, so tread lightly!
This article is certainly not any sort of financial advice. However, these vehicles are currently experiencing a dip in value. Since they are collector cars, though, there’s a decent chance that they’ll be on their way back up!
Overall, it’s always interesting to see how cars play out like stocks. Sometimes the ones you least expect to drop take a hit!