Bull Market is young this year, focusing on vehicles that are at the inflection point between depreciating used units and appreciating collectibles. Sure, a very few cars like the LaFerrari or Ford GT never depreciate. But most, and especially most sports cars, sink like boat anchors—at least, for a time.
@hummer1.com
2023 marks the sixth installment of Hagerty expert insights.
Things seem to be getting more expensive every day, so it’s no shock that the Hagerty Automotive Intelligence team was able to easily assemble a Bull Market roundup with yet another unique assemblage of vehicles whose prices are moving up. As always, the hard part was paring down the initial list, as so many models have experienced upticks in value over the past couple of years.
“This year’s list contains some of last year’s leftovers, including the Toyota pickup and Harley Knucklehead, which didn’t make the cut in 2022, either because we couldn’t find a suitable example or because not enough pizza was thrown by their supporters during the intense “discussions” over the final 10.” – Hagerty team.
Notable this year is the number of vehicles—six—built after 2000. Two cars are from the 1990s and one is from the 1980s, while only two vehicles, the 1938 Harley and the 1969 AMX, represent traditional “classic” decades. Bull Market is young this year, focusing on vehicles that are at the inflection point between depreciating used units and appreciating collectibles. Sure, a very few cars like the LaFerrari or Ford GT never depreciate. But most, and especially most sports cars, sink like boat anchors—at least, for a time.
“This year’s Bull Market recognizes that sublime hair-raisers like the C5 Corvette Z06, Audi R8, Mercedes-Benz SLR, and Lamborghini Murciélago don’t go soft for long, particularly as younger buyers who craved the cars when they were new discover that they have now reached an affordable plateau, just as the buyers are reaching their peak earning years. The lesson, as always, is that if you want it, don’t wait.” added Hagerty experts.
Hagerty analysts evaluate vehicle condition on a 1-to-4 rating scale to help determine its approximate value range. All factors, including aesthetics and mechanical condition, are considered. Most collector vehicles are in #3 (Good) condition. Read more about Hagerty rating system here.
@Lamborghini Murciélago
2023 Bull Market List:
1. 1985–93 Saab 900 Turbo
Price Range: #1 – $29,800 #2 – $23,800 #3 – $19,000 #4 – $14,600
2. 1991–98 Suzuki Cappuccino
Price Range: #1 – $22,000 #2 – $14,000 #3 – $8500 #4 – $4000
3. 1968–70 AMC AMX
Price Range: #1 – $52,800 #2 – $34,500 #3 – $22,500 #4 – $13,500
4. 2004–10 Mercedes-Benz SLR McLaren
Price Range: #1 – $430,000 #2 – $356,000 #3 – $276,000 #4 – $199,000
5. 1984–88 Toyota Pickup 4×4 SR5
Price Range: #1 – $34,800 #2 – $22,700 #3 – $16,700 #4 – $6600
6. 2001–10 Lamborghini Murciélago
Price Range: #1 – $382,000 #2 – $323,000 #3 – $262,000 #4 – $191,000
7. 2003–08 Nissan 350Z
Price Range: #1 – $55,000 #2 – $39,900 #3 – $32,800 #4 – $16,400
8. 1936–47 Harley-Davidson Knucklehead
Price Range: #1 – $143,000 #2 – $101,000 #3 – $68,800 #4 – $46,600
9. 1992–06 AM General Hummer H1
Price Range: #1 – $146,000 #2 – $118,000 #3 – $78,900 #4 – $44,300
10. 2001–04 Chevrolet Corvette Z06
Price Range: #1 – $49,300 #2 – $34,300 #3 – $25,600 #4 – $13,600
11. 2008–15 Audi R8
Price Range: #1 – $216,000 #2 – $172,800 #3 – $118,000 #4 – $91,500.
@Lamborghini Murciélago
