Some people buy real estate, some buy baseball cards, and some buy investment cars. These are some of the best investment car buys of 2022. You won’t be able to guess which collector car made this list, but the results are interesting. While some people are turning classic cars into electric vehicles, others are just taking their dream car for a spin.
This Mercedes-Benz was last year’s best investment car
According to a recent study by Classic.com, a 1986 – 1991 Mercedes-Benz 300SE-W126 has a 95% return on investment (ROI) as of June 30, 2021. Last year’s cheapest sale for this Mercedes was $3,600 for a Mercedes from 1989 – Benz 300SE. The most expensive sale was $28,300 for the same make and model.
Forbes says the reason for this huge increase is due in part to online auction sites. Classic.com uses sales, price and other data from online sales.
In the first half of last year, 17,369 cars were auctioned for a total value of $589.4 million. During the same period this year, that number was 28,904 cars worth a total of $920.6 million. Forbes says that’s a 50-70% increase.
The GMC Typhoon is more of an investment SUV than an investment car
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Remember the 1992 to 1993 GMC Typhoon? This high-performance SUV had an 83% ROI. The cheapest sold in the last year was a 1993 GMC Typhoon for $22,250. The most expensive sale is also a 1993 GMC Typhoon, which sold for $175,000 earlier this year.
Juan Diego Calle, CEO of Classic.com, says there are several reasons for these wild numbers. With new car prices high, the circumstances are right for niche used car sales. This is coupled with the fact that semiconductor shortages have slowed the production of new cars. This leaves many people looking for a used car.
Don’t expect to see many Porsche Carrera GTs on the road
The 2004 to 2006 Porsche Carrera GT had an 80% ROI over the past year, ranking third on the list of best investment cars. It’s only legal for these years, making this one pretty hard to find. In the last year, 16 of these Porsche Carrera GTs have been sold. The cheapest sold was a 2005 Porsche Carrera GT for $763,786 late last year. The most expensive sale was also a 2005, which went for $2,012,500 in March of this year. The average selling price of this sports car is $1.6 million.
The Porsche 928 is the king of collector cars
This year, the 1978 to 1982 Porsche 928 (base model, automatic) showed a 77% ROI. Although only eight of them were sold, the numbers are quite interesting. The lowest sale was for a 1981 Porsche 928 at $7,800. The most expensive sale was a 1982 Porsche 928, which went for $95,000 earlier this year. Not a bad collector car to have in the garage.
This BMW 633CSi was also a good investment
For fans of the 1978 to 1984 BMW 633CSi (manual, E24), a 73% ROI probably seems pretty normal. Only five of these have been sold in the last year, making it a rare investment. The lowest sale was a 1984 BMW 633CSI 5-Speed for $15,000. The highest sale at $50,000 was a 1984 BMW 633CSI.
Interestingly, Juan Diego Calle of Classic.com suggests that one of the reasons for these huge sales is due to generational change. There is now a large group of buyers in the 40-50 age group with disposable income. Buying one of these collector cars from the 80s or 90s has probably been a dream for a long time. These investment vehicles are meant to be driven and enjoyed.
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