Some people buy properties, some buy baseball cards, and some buy investment cars. These are some of the best investment car buys of 2022. You won’t be able to guess which classic car made this list, but the results are interesting. While some people convert classic cars into electric vehicles, others just release their dream car.
This Mercedes-Benz Was Last Year’s Best Investment Car
According to a recent study by Classic.comthe 1986-1991 Mercedes-Benz 300SE-W126 has had a 95% return on investment (ROI) since June 30, 2021. The lowest priced sale last year for this Mercedes is $3,600 for a 1989 Mercedes-Benz 300SE. The most expensive sale was $28,300 for the same make and model.
Forbes says the reason for this huge increase is partly due to online auction sites. Classic.com uses sales figures, price and other data from online sales.
In the first half of last year, 17,369 vehicles were sold at auction with a total value of $589.4 million. During the same period this year, that number is 28,904 vehicles totaling $920.6 million. Forbes says that’s a 50-70% increase.
The GMC Typhoon is more of an investment SUV than an investment car
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Do you remember the GMC Typhoon from 1992 to 1993? This high-performance SUV has an 83% return on investment. The cheapest that sold last year was a 1993 GMC Typhoon for $22,250. Also the most expensive sale is a 1993 GMC Typhoon which sold for $175,000 earlier this year.
Juan Diego Calle, CEO of Classic.com, explains that there are several reasons for these wild numbers. With skyrocketing new car prices, the circumstances are ripe for niche used car sales. This is in addition to the fact that the shortage of semiconductors has slowed the production of new cars. That leaves a lot of people looking for a used car.
Don’t expect to see many Porsche Carrera GTs on the road
The 2004-2006 Porsche Carrera GT saw an 80% return on investment last year, ranking third on the list of best investment cars. It was only made in those years, which makes this one quite hard to find. In the past year, 16 of these Porsche Carrera GTs have been sold. The cheapest sold was a 2005 Porsche Carrera GT for $763,786 late last year. The most expensive sale was also a 2005 which fetched $2,012,500 in March of this year. The average selling price of this sports car is $1.6 million.
The Porsche 928 is the queen of collector vehicles
This year, the 1978-1982 Porsche 928 (base model, automatic) showed a 77% return on investment. Although only eight of them sold, the numbers are quite interesting. The lowest sale was for a 1981 Porsche 928 at $7,800. The most expensive sale was a 1982 Porsche 928 that fetched $95,000 earlier this year. Not a bad collector car to have in the garage.
This BMW 633CSi was also a good investment car
For fans of the 1978-1984 BMW 633CSi (manual, E24), a 73% ROI probably sounds pretty normal. Only five of them were sold last year, making them a rare investment. The lowest sale was from a 1984 BMW 633CSI 5-speed for $15,000. For the most expensive sale of $50,000, it was a 1984 BMW 633CSI.
Interestingly enough, Juan Diego Calle of Classic.com suggests that one of the reasons for these huge sales figures is due to a generational change. There is now a large group of shoppers in the 40-50 age bracket with disposable income. Buying one of these classic cars from the 80s or 90s has probably long been a dream. These investment cars are meant to be driven and enjoyed.
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