Collectible Cars That Have Held Their Value
There are numerous makes and models of older vehicles that are now considered collectible cars and which have retained their value. In some cases, their values today far exceed their initial purchase price from the car dealership years ago. It is important to keep in mind that due to changes and fluctuations in the dollar, inflation, and other economic factors, the values reflected today—while they seem much more when adjusted from their original purchase prices—are typically the same as they were when the car was shiny and new.
Let’s take a look at some of the current cars collectors desire and see how they have stood up to time in regards to their values.
1957 Oldsmobile Golden Rocket Fiesta Station Wagon
The Olds Golden Rocket was a family favorite vehicle back in the late 1950s because it had plenty of room for the kids and tail fins to give it a stylish appearance. Families paid just under $3,100, back in the day, for a new model or $25,700 adjusted in today’s dollars. Collectors are currently paying around $23,000 for this model, compared to $69,000 for a comparable 1957 Buick Caballero Station Wagon.
1965 Chevrolet Corvair Monza Convertible
Before Ford rolled out the Mustang, the Corvair was a popular model for Chevrolet. The 1965 model was refreshed from previous model years but, even with these changes, the Corvair was fated to come to an end of its production, largely in part to the release of the Mustang.
Part of what makes this model year highly sought-after is because Chevy did not make a large number of Corvairs. Due to its low production, it is considered a rare find by car collectors. Chevy originally sold the car for $2,493, which is approximately $18,500 today. Yet, you can pick up Corvair classic cars for sale for around $14,500.
1965 Ford Mustang GT Fastback
Mustangs have been and will continue to be a popular choice among avid car collectors. The Mustang is considered the first “muscle car” and has endured a long and successful run. There are many different models people seek out, and this is just one such Mustang model.
When it was first sold at car dealerships, it had a base price of $2,697! While that does not seem like much today, if you were to adjust the price to reflect the value of the dollar today, the same vehicle would cost around $20,000, which is still reasonable.
Just like other Mustangs, the demand for collectible versions is very high. As a result, the value of the vehicle in today’s dollars is around $36,000. Pristine 1965 GT Fastbacks fetch even higher prices. If you want a Shelby GT350 from 1965, expect to pay close to $200,000.
1966 Pontiac GTO 389/335 Convertible
The original sales price for this car was a little over $3,000, which is about $22,000 today. However, due to the high demand for GTOs, the overall resale value has been in the $60,000s for the past decade.
This is just a sampling of some of the makes and models of vehicles that have fared well as classic collectible vehicles, just like the ones you can find offered at our Classic Cars Boca Raton dealership. Our inventories are constantly changing, and we are always looking for new finds. So, if you do not see a car in stock you are looking for, let us know, and we will be happy to help you find the exact make, model, and year you want.