The Camaro Goes out With a 2024 Collector’s Edition: Will It Be Collectible?
Car people love to sit around and talk about their dream car garages. Often, Chevrolet Camaros are on that list, especially they have special letters or numbers attached, like SS, Z28 (or Z/28), or IROC-Z. Most people, however, don’t actually collect cars – though some of us do run no-kill classic car shelters in our barns. But there are some that do and for those folks, you can bet they’re planning to order the 2024 Collector’s Edition of the 2024 Camaro, the last of the current generation of Chevrolet Camaros.
What is special about the 2024 Collector’s Edition Camaro?
Yes, the current six-generation of Camaro is going away after 2024. Chevy confirmed that production will end for the current car in January of 2024. The sixth-generation of Camaros will be remembered fondly for a variety of reasons, such as the magnetic ride, the monster 650-horsepower ZL1 1LE, and for its appearance in yellow as Bumblebee in the “Transformers” movies, and for its success in NASCAR, IMSA and NRHA racing.
You can order the new Collector’s Edition package on the 2024 Camaro RS and SS, and on a limited number of ZL1 equipped vehicles available in North America. The Collector’s Edition pays homage to Camaro, resurfacing ties that date back to the development of the first generation Camaro in the 1960s, most notably the program’s initial code name: Panther. But, Chevy isn’t giving away many details on the package yet, though every image the company has shared shows the car in a very 1968-looking burnt orange color.
What Camaros are collectible?
Chevy has made so many Camaros that only the rarest of the rare find their way into collections. Literally millions of the cars have been produced since 1968, and most had humble V6 motors and dumpy interiors that nobody really wants to hold on to. But the cars with the big engines, fancy suspension systems, a racing heritage, or a famous owner certainly hold more value. But even then, they might not be as valuable as you think they are.
If you’re one of the lucky few to have a first-generation 1969 Camaro with the ZL1 427 motor, it could be worth more than $700,000, if it’s in top condition, according to insurance firm Hagerty. However, prices drop quickly after that. A top tear second-generation Camaro with an SS badge is only worth about $86,500. Third generation, or 1980s, Camaros don’t fare well at all, with the top-of-the-lin eIROC-Z cars only garnering $28,000 at auction in excellent condition.
What year Camaro is most valuable?
The most valuable year for a Camaro is 1969. The car was hot in 1967 and 1968, but the refresh in 1969 set dealer floors on fire in 1969. A 1969 COPO Camaro ZL-1 was sold at auction for $1.1 million.
But, don’t go thinking your brother-in-law’s 1969 is worth that kind of money, though. Chevy sold 243,000 Camaros that year making most of them neither rare nor particularly interesting.
Do Camaros hold their value?
Camaros, we’re sorry to say, don’t really hold their value. CAREdge tracks a car’s depreciation, and Camaros don’t really hold their value. Camaro that sold new for $47,515 in 2021 will have lost $8,990 of its value by today. A well-equipped 2010 Camaro that would have sold for almost $32,000 in 2010 is now worth less than half that. We love that because that means you can get a serious performance car at a bargain price.
But, like with any car, the rarer it is and the better condition it’s kept in, the more likely you are to see it retain its value long term.