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- ๐ New Year, Fresh Classics: 2024's Must-Watch Car Investments!
๐ New Year, Fresh Classics: 2024's Must-Watch Car Investments!
December's top winners and losers. Plus, a look at whether the now affordable Bentley Continental GT is worth a look
Read time: 2 minutes
Happy New Year to our budding enthusiasts and a festive welcome back to our seasoned classic car aficionados!
As the final pages of 2023 turn, I'm excited to have you all on board for this journey.
Whether youโre a newcomer getting your first taste of our community or a returning member who's been with us through every twist and turn, your presence is what fuels this passion-driven venture.
As we bid adieu to a year that can only be described as โcorrectiveโ in the classic car market, we welcome 2024 with open arms.
In this issue, strap in as we unveil:
๐ Classic Car Sales Data Analysis: Discovering this monthโs best and worst performing classic cars
๐ Focus Article: Unlikely Cars That Could Appreciate in 2024
๐ฃ Classic Car News: An update from the industry
๐ฒ Bold Bets: Bentley Continental GT
Let's go!
๐ Decemberโs Market Data
5 of the Best, 5 of the Worst
Each month we gather sales data from classic car sellers across the globe.
With every update weโll give you a snapshot: five of the best performers, and five of the worst.
The aim is to spot trends early, so you can get ahead of the game!
Letโs dive into this monthโs data:
5 of the Best
Volvo PV544
๐ 1 year: 7.5% 5 year: 1.5%
The charming and reliable PV544, with its classic design and enduring build, is steadily gaining traction in the collector's market. Its appreciation in value reflects its status as a beloved classic.
Dodge W Series
๐ 1 year: 26.8% 5 year: 1.1%
This sturdy workhorse from Dodge is seeing a revival in interest, indicative of the growing appeal of vintage utility vehicles. Its significant yearly climb in value underscores its durability and timeless appeal.
MG B GT
๐ 1 year: 8.3% 5 year: 1.2%
This quintessential British sports car is not just about looks; it's proving to be a smart investment too. The MG B GT's rise in value is a testament to its enduring popularity and iconic status.
Porsche 944 S2 Cabrio
๐ 1 year: 7.0% 5 year: 1.9%
The 944 S2 Cabrio, with its blend of performance and style, is increasingly being recognized as a collectible. Its steady growth in the market speaks to Porsche's lasting appeal.
Aston Martin Rapide S
๐ 1 year: 9.8% 5 year: 1.6%
The Rapide S blends Aston Martin's signature elegance with practicality, making it a favorite among luxury car enthusiasts. Its gradual increase in value reflects its growing status as a modern classic.
5 of the Worst
Mazda RX-8
๐ 1 year: -5.4% 5 year: -1.1%
Despite its unique rotary engine, the RX-8 is currently facing a decline in the market. This downturn might reflect concerns over its engine reliability and overall maintenance costs.
McLaren 570S
๐ 1 year: -5.5% 5 year: -2.4%
The McLaren 570S, though a marvel in performance, is experiencing depreciation. It seems the market is more cautious about this modern supercar as a long-term investment.
Oldsmobile Hurst/Olds (4th Gen)
๐ 1 year: -8.4% 5 year: -0.4%
This classic muscle car, despite its power and unique styling, is currently not faring well in the investment arena. Its recent decline suggests a cooling interest among collectors.
TVR Chimaera
๐ 1 year: -6.6% 5 year: -1.0%
Known for its raw power and no-frills approach, the Chimaera is struggling to maintain its grip in the market. This decrease could be attributed to the niche appeal of TVR models.
Maserati Bora
๐ 1 year: -16.4% 5 year: -3.8%
The Bora, with its striking design and Italian flair, is currently witnessing a significant downturn. This could reflect the market's hesitancy towards older, high-maintenance exotic cars.
๐ WANT MORE DATA? ACCESS NOW! ๐
Remember, this is just a snapshot of the data. We've created The Car Investor Club to provide you with FULL ACCESS to all the data we use for market analysis.
Thousands of cars, and hundreds of thousands of data points. All wrapped up in a convenient, searchable database, and updated every month.
Hereโs what we track:
Average sale price
Sale count
Moving average monthly price increase / decrease %
Filter and search the data to find the insights you need and make the most of the data.
Interested? Visit thecarinvestor.club now to register!
๐ Focus: Unlikely Cars That Could Appreciate in 2024
Using our extensive market data, we've identified 10 cars that have shown the early signs of appreciation throughout the last 12 months.
In a world where automotive assets fluctuate wildly, these cars have shown a steady climb in value throughout the year, defying the odds and, in some cases, outpacing traditional investments.
๐ฃ News: 90 Year Old Still Restoring Classic Cars
To wrap up 2023, Meet Earl Joffer, the unstoppable 90-year-old from South Dakota, whose zest for life is as timeless as the classic cars he restores.
Right now, he's pouring his heart into a 1931 Ford Model A, a testament to his unwavering dedication to automotive artistry.
With over 300 cars brought back to life under his skilled hands, Joffer's enthusiasm for car restoration is more than a hobby; it's a lesson in staying mentally and physically active at any age.
His journey is a vibrant reminder that age is no barrier to passion. And the cherry on top? His legacy drives on through his son Mark, proving that some passions are just in the DNA.
Here's to Earl, a true classic in every sense of the word!
๐ฒ Bold Bets: Bentley Continental GT
In this section we look at cars that can be considered โBold Betsโ for investment purposes.
This month weโre looking at the potential of the first generation Bentley Continental GT; a car that has reduced in value so much, it can now be picked up for the same price as a family hatchback.
We're not just talking about a plush ride or a prestigious badge with the Continental GT. We're talking about a car turning heads today as it did two decades ago. A potential classic? Maybe. A bold bet? Definitely.
Got an idea for a bold bet? Reply to this email with your suggestion. We read them all!
๐ Happy New Year, and Thanks For Reading!
Thanks for reading! When you signed up for this newsletter, my promise to you was to deliver the latest market data and classic car news act to help you navigate the world of classic car investments.
What did you think of today's newsletter? Reply to this email and let me know what you'd like to see more of.
Thanks for reading.
Until next time!
Adam
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