How much have cars gone up in the last 5 years?
By Jon Bratton
Last month’s article was about classic car values and how they have risen dramatically in the last 20 years. So in looking further, I decided to look short term and just review five years ago. I retrieved a copy of my trusted source, August 2004 Old Cars Price Guide and the new April 2009 Old Cars Price Guide, to investigate how much values have changed during that time.
Last month’s article was about classic car values and how they have risen dramatically in the last 20 years. So in looking further, I decided to look short term and just review five years ago. I retrieved a copy of my trusted source, August 2004 Old Cars Price Guide and the new April 2009 Old Cars Price Guide, to investigate how much values have changed during that time.
I focused on one of the more popular cars over the years here at Duffy’s, the 1970 Chevrolet Malibu. Since we have a beautiful numbers matching 1970 Malibu SS 396 in stock now it made sense to take a closer look. In these price guides they rate a car from 1 to 5, number 1 being a show car to a number 5 which is a complete parts car. Below are the results:
1970 Chevrolet Malibu SS 396
Rating: 1 2 3 4
2004 $28,000 $19,600 $11,200 $5,600
2004 $28,000 $19,600 $11,200 $5,600
2009 $56,000 $39,200 $30,830 $13,700
WOW! The Malibu has obviously done remarkably well with a #2 rated car going from $19,600 to $39,200 in 5 years! In fact, the average increase in collector car values, from February 2004 to February 2008 was 36%, more than twice the S & P Index during the same period. And with the precarious performance of the stock market today, why not invest in something with a great return AND offer something that’s also fun - like a collector car!
We’re proud to be offering a numbers matching 1970 Malibu SS with factory air conditioning today for only $39,950 - give Dave or Jon a call at 1-877-670-3937 to get more information on this excellent investment collector car.
This data proves even more what I always have thought. That this is a good way to have lots of fun and make money at the same time. As the stock market continues to show little stability or growth, now is a perfect time to move your investments from cash or the Dow to collector cars.
Five years from now are you going to wonder why you didn’t buy that classic car of your dreams?