These Are The Used Cars Most Likely To Become Coveted Collectables

These Are The Used Cars Most Likely To Become Coveted Collectables

Most everyone plays the “time machine” game every once in a while. “If I could go back into time I’d…” and the answer usually ranges anywhere from “I would marry my first love,” to, “I’d buy Apple stock instead of Apple products,” and of course, “I’d snap up a few famed 1960’s muscle cars, garage them for a few decades, and retire comfortably on the proceeds.”

You don’t have to be a bona fide soothsayer to predict which newer and older vehicles will become coveted collectibles down the road, though having a flair for vehicular prognostication helps. 

That’s where the experts at vintage car insurer Hagerty come in. They’ve just released their annual Bull Market list of drool-worthy sports, luxury, and muscle cars built between 1963 and 2012 model year that are poised to increase in value, at least if the stars align properly. 

“At Hagerty, we believe that life is too short to drive boring cars, and the 2022 Bull Market list shows how folks can affordably drive their dreams,” says Larry Webster, Senior Vice President of Media and Editorial for Hagerty. “Our seasoned experts employed Hagerty’s massive database to name 10 cars that people can buy, enjoy for a few years, and then sell to the next enthusiast for about what they paid or maybe even a bit more.”

As before, Hagerty’s Bull Market list contains some classic rides that are already unobtainable for many shoppers as well as those that remain affordable, with the proverbial sky’s the limit either way in terms of appreciation. 

Here’s a quick look at the 10 used cars Hagerty says are most likely to succeed as future collectibles:

1965-70 Cadillac DeVille

This is the iconic Caddy, large as a living room, fitted with plush sofa-like seating, and tuned to float over pavement imperfections like a yacht. While coveted as the epitome of luxury in the 1950’s, Cadillac’s image began to wane in the 1960’s, and crashed during the downsizing of the 1970’s and 1980’s. Still, you can get a lot of good old Detroit iron for the money these days in a classic DeVille coupe, sedan, or convertible to cruise the strip on Saturday nights in high style. A ragtop DeVille from 1967 that sold when new for $5,600 can be now be found selling for $28,500-$38,500.

1969-1974 Ferrari 246 Dino 

There are few cars as coveted by collectors as Ferraris. Sleekly cast, an early-1970’s Dino is a rolling work of art that, unlike actual art, can be driven with wild abandon on a sunny summer’s day. The Dino is especially noteworthy for being uniquely (at least for the brand) powered by a V6 engine instead of a V12, and it was the first mounted behind the driver in mid-engine configuration. Another anomaly is that you won’t find a Ferrari nameplate anywhere on it. Price, however, is an object. A 1973 Ferrari 246 Dino for which dealers originally asked $14,500 now sells in the $366,000-$402,500 range.

1983-1997 Land Rover Defender

This is the classic British aluminum-bodied off-roader, back when a Land Rover was more Jeep in nature than Lexus. While more than 2 million original Defenders were produced. U.S.-spec models (which were federalized by independent mporters in later years) never sold in big numbers, which helps bolster its exclusivity. What’s more, the model’s recent reincarnation helps stoke interest among younger collectors. A 1991 Land Rover Defender 90 in excellent condition that originally sold for around $27,400 is now worth $61,500-$77,500.

1979-1985 Mazda RX-7

This is the car upon which Mazda built its brand identity in the U.S., packing a Wankel rotary engine all but enthusiasts understood. Though the closest thing to it in today’s lineup remains the petite MX-5 Miata, the original RX-7 is fondly coveted among sports car collectors for its winning combination of style and performance. It originally sold in relatively large numbers in its prime, which means there are still ample examples out there from which to choose. A 1983 Mazda RX-7 GS that was originally priced at $10,600 now commands $17,500-$27,000, and there’s still plenty of room for growth.

1963-1967 Mercedes-Benz 230SL

Less curvy and lacking the trademark gullwing doors of the original SL, the 1963 Mercedes-Benz 230SL steered the two-seater onto a more comfort and luxurious path. It was originally nicknamed Pagoda after the shape of its available removable hardtop. An inline six-cylinder engine wasn’t necessarily the quickest at 170 horsepower, but that was good enough to push the mid-1960’s SL to a top speed of 120 mph. A 1965 230SL with an original value of $7,500 is currently worth between $80,500 and $108,500 in great shape.

1966-1967 Pontiac GTO

The only vintage American muscle car on Hagerty’s Bull Market list for 2022 is the real deal, packing the largest engine possible into what would have otherwise been an ordinary midsize auto. The “Goat” received its popular Coke-bottle shape for 1966, and was the last to offer its mighty 389 V8 with the optional “Tri-Power” carburetor setup. A 1966 model that initially stickered for a modest $3,700 is now worth $100,000-$129,000, though make sure to verify its authenticity before taking title, as the market is rife with clones and restomods.

1992-1995 Porsche 968

The Porsche name is about as coveted a badge among collectors as Ferrari, though its models tend to be far more obtainable. The early-1990s 968 fastback may not be as prized or powerful as a vintage 911, packing a four-cylinder engine, but it remains affordable as the successor to the stylish 924 and 944 that came before it. A 1992 Porsche 968 coupe that was originally priced at $39,850 remains a relative bargain, valued at between $38,000-$51,500.

1985-1995 Suzuki Samurai

Hardly an example of top-shelf engineering and accommodations, the Suzuki Samurai subcompact SUV was little more than a box on wheels. Coming with either a soft convertible top or a fixed metal roof, the Samurai predated the small sport-utility craze by several years, but managed to introduce the term “rollover” to the automotive lexicon.  A 1986 convertible that was priced at $6,950 when new is currently valued at $10,000-$14,500, which makes it the most affordable future collectible presented here.

2008-2013 Tesla Roadster

The first Tesla model—a Lotus-based open-air two-seater, was a rolling leap of faith coming from a fledgling brand created by this Elon Musk guy who made a fortune in the electronic payment business. Musk has since conquered space, but the fleet-footed Roadster remains a landmark in the expected electric car revolution.  For better or worse, a 2010 Tesla Roadster that originally listed for $130,450 is still catching up at a market value of $97,000-$115,000.

1975-1993 Volvo 245

Volvo has long had a reputation for durability, and especially safety, with the long-running brick-shaped 245 looking like a true suburban warrior. Unfortunately many in the East and Midwest have since been lost to rust or otherwise put to pasture in the junk yard, though Hagerty reports that more roadworthy examples can be found on the sunny and road salt-free West Coast. A Volvo 245 that was priced at $13,500 in 1983 is now worth between $15,500 and $21,500 in top condition.

You can read Hagerty’s full 2022 Bull Market Report here.