Recognizing top classic cars means staying informed on auto industry trends. Read our guide to get in on the first floor with the hottest future investments.
- The classic car market is booming worldwide
- Collectors are starting to pay attention to previously overlooked models of classic cars
- Insurers believe certain cars will enjoy huge increases in value over the coming years
- Mercury Auto Transport can help collectors ship a classic the right way
2022 is a very exciting year for top classic cars. Ongoing high demand among collectors has fueled a growing global market on track to reach an estimated. These investments are proving more robust than most, with Robert C. Yeager in the New York Times highlighting how the classic-car market was one of the few industries to thrive during the pandemic, drawing big-money buyers from around the world.
Some formerly overlooked models’ values are set to soar this year. Therefore, this article spotlights some top classic cars to consider buying now to get ahead of the appreciation curve. You’ll learn more about their current price points, and how Mercury Auto Transport can help you ship a classic vehicle safely and cost-effectively.
1. The 1965-1970 Cadillac DeVille
Collectors are starting to warm up to this period in Cadillac’s history when the company made some significant changes to its iconic designs. Altering tailfins’ prominence, shifting headlight positions, and installing variable-ratio power steering and electrically heated seats were just some of the innovations that are elevating these Caddys into today’s top echelon of classic cars.
The Cadillac Society noted that DeVille’s entrance on Hagerty’s 2022 price list averages between $25,000 and $36,600, with a range of $34,800 to $50,200 for various models in excellent and near-perfect condition. According to Hagerty’s, most average-condition late-’60s-model DeVilles are currently selling for under $20,000.
2. The 1969-1974 Ferrari 246 Dino GT
The Dino is another car that, like late-‘60s Cadillacs, departed radically from a signature design and created something unique. This mid-engine, six-cylinder classic isn’t a cheap investment at around $365,800 but, as collectors will know, that is a relative steal by Ferrari standards! Furthermore, you would also be securing a model that was not produced in large numbers; only 3,761 were made.
3. The 1986 Toyota Supra MK II
A good condition model of this car costs roughly $13,400, indicating a 17.5% rise in value by 2022. Hagerty explains the several reasons why the Supra MK II has arrived among the top classic cars: high power ratings, four-wheel suspension, and disc brakes, and a choice between Toyota’s performance-focused (P-type) and luxury (L-type) models.
4. The 1987 Nissan 300ZX Turbo
Hagerty’s had their eye on this rising star, which rose in value by 8.7% in 2022. A Nissan 300ZX in good condition was selling for around $15,100 at the time this was written, but sales have been recorded for more than double that price. This car has gained favorable reviews as a fun, economical investment among classic-car enthusiasts that looks certain to increase in value.
5. The 1995 Porsche 968
This classic came in two models offering four-speed automatic or six-speed manual transmissions, each with 236 horsepower and delivering 0-60 mph in 5.9 seconds. The popularity and value of the 968 look ready to accelerate just as quickly in 2022 and beyond. The Porsche 968 is another car that has garnered positive reviews from collectors as a fun, powerful, and reliable ride that is now selling for around $29,332, according to Kelley Blue Book.
There are even more low-key classics likely to attract more attention in the future. Collectors looking to keep tabs on the classic-car market might consider subscribing to Hagerty’s insider newsletter for the latest news, views, and valuations, with insights on which vehicles are rapidly gaining popularity.
How to transport classic cars the right way
Classic-car owners have to make occasional long-distance journeys. They may also need to safely ship their collector’s items between display shows without compromising their investment. The first step, in either case, is preparing the vehicle by safely removing and storing smaller parts that may get damaged in transit. Covering seats and applying painter’s tape are advised to provide extra security against scrapes.
Next, carefully research companies that may be handling your classic; auto transport scams abound! Look for a vendor that is licensed and insured, and who has documented experience transporting classic cars. Working with an auto broker like Mercury Auto Transport is a quick way to gain access to a roster of auto transporters; we have vetted their quality of service.
You will then want to weigh the pros and cons of selecting an open or closed carrier. When transporting classic vehicles, an enclosed carrier is clearly the better choice. Enclosed carriers protect classic vehicles against road hazards, including dirt, debris, and hard weather. Enclosed options also provide greater protection against theft and, if you opt for an exclusive cabin, there will be no other vehicles to potentially harm yours in transit.
Pick-up and drop-off can be made door to door or terminal to terminal. Door-to-door has the convenience of having your classic car picked up at (or close to) a location of your choice. Terminal to terminal requires the owner to drop off and pick up the car, and it saves money. Review pros and cons to make the best choice for your classic.
Speak to the auto transport experts with any questions
The Mercury Auto Transport team exists to safely help you handle classic cars. Also, they can help you find the right transporter for your needs. Our expert staff can also give you more insight into the many variables impacting a final car-shipping quote, such as transport type, time of year, and distance. Just contact us online, drop by our office, or call us 24/7 toll-free at 800-553-1828 to receive a quote.