Say Goodbye to Pontiac.
Thursday, July 2nd, 2009By: Jon Bratton
Packard, Studebaker, Plymouth, Oldsmobile and now Pontiac. These are names of very popular automotive brands that have been a staple here at Duffy’s for many years and will continue for many more. They made millions of them. Buying a new one will be impossible since Pontiac is being slated for closure in 2010. 1958, 1966, 2001, 2004, are the years the other marques stopped being produced. I hate to see any make disappear and feel more closings of other brands are looming on the horizon.
One of the questions we are asked is, “Now they stopped making a particular make, do they increase in value?” We heard this often with Plymouth and Oldsmobile. Most of the time when an automaker is slated to close the values follow the curve with the rest of the classic cars of the same era with little to no spikes in price, but Pontiac may have an exception, the GTO. This very popular car was said to start the muscle car era in 1964 by putting a full size car motor (389 V-8) in a mid size car. Made from 1964-1974 and briefly from 2004 and up, GTOs have historically increased in value faster than many other classic cars. All the publicity with the demise of Pontiac may make the GTO spike in value.
Of course, like any muscle car, the numbers matching, high horsepower, quality restoration, and rarity has a direct relation to value as well.
Please visit Duffy’s Blog and share your opinions or stories on how you feel about saying goodbye to Pontiac. Thank you.
This is an excellent time to invest in a few choice GTOs or other Pontiacs that are available right now. Remember Pontiac’s slogan “We build excitement” is as true today as it was yesterday.