Noted Japanese classics (R32, RX7 FD and so on) have been going up in price.
What might be some of tomorrow's classic? Particularly with combustion engines are on their way out.
A couple that I have been thinking about
Username doesn't check out. I expected the HSV.
Username checks out. Get back to work.
The fact that it's almost identical is why it won't appreciate. Why would anyone pay more for it when they can get the same thing for less? I'd pay more for the Toyota because it's more popular therefore easier to sell later.
i30N has weak credentials? You have not been watching the same touring class races that I have. Hyundai also seem to hold their own in the WRC as well… They do quite well considering they are up against manufacturers that have been racing in these classes for decades…
Hyundai race results for 2020
the only thing the race cars and the road cars have in common is they both have 4 tyres.
Not sure how it has weak heritage either.
People don't understand it was Albert Biermann who came in and created the N line? That he also headed up BMW's M division? One of the most respected engineers in the industry? I mean, hello?
Heritage - Maybe in 10-20 years time when Hyundai pick up a few more WRC trophies. Just like old money, heritage can't be bought. When people sit around and talk about the good old WRC days (some are still valid to-date), it is Ford, Citroen, Peugeot, Audi, Subaru, Evo, Lancia Delta… Hyundai? - that's right, the new kid.
Credential - Nur lap time - i30N 9mins 44.72, Yaris GR 7mins 56, WRX STi 6mins 57.5, Evo 9 8mins 11.16, Civic Type R 7mins 43.8
CT110
Prius for being a classic hybrid.
WRX STi (EJ25)
Anything with a HSV badge
This should be the very last STi with EJ25. :)
Yeah will be a FA24DIT varient next
2L V5 STI, crazy prices. Seen even a 2006 STI go for 40K this week and under reserve still, crazy.
https://www.grays.com/lot/0001-10300992/motor-vehiclesmotor-…
Current shape have bumped up in prices like most cars. Mine is worth more than I bought it 2 years ago, its nuts.
Yaris GR too expensive entry point.
Boxster apparently been called as future classic, you just need to buy the right version.
FPV / HSV maybe just like our vintage Australian made Holdens and Fords.
Like any investment it is about getting in at the right price then obviously you got to keep it in good condition and not write it off for some reason (and hope enough of them disappear to make yours a collectable). Usually these cars will have to reach 30 years minimum before you get a decent return out of them.
Got a 16 year old car to which there is less than a few hundred in this country. $45k new, bought it at 12 months old second hand with a substantial discount. Now it is worth a fraction of that on the market. Maybe in another 14 years it will be worth something. Rego, insurance and maintenance etc running $1500 a year. In 30 years I would have spend $45k in rego, insurance and maintenance plus purchase price. The share market doubles every 10 years (MSCI global index) therefore in 30 years it would need to be worth $150k just to get rego, insurance and maintenance back, likely? Maybe not.
I think you can add standard Ford and Holden v8s to the list. Yes, the performance vehicles will always be a premium, but in terms of return on investment I reckon the cheap v8 will go from quite low to costly.
VE SS have definitely jumped from 11-15k to 15-25k just in the last 9 months.
Ex police VF SS at the auctions used to be around 25k, now they are pushing 40!
I bought a tidy VE SS-V last year. I agree that it will never command the insane price premiums that some of the recent 'hero model' sales have indicated. Nor will it probably attract the same status as, say, the VL Turbo. But I've bought it for my own enjoyment, and I think there'll certainly be a certain appreciation of unmolested and tidy examples of the base V8s especially as time goes on.
AU Falcon
.
wagon on gas
It’s going to be interesting once petrol starts phasing out. Current classics of value are the hero cars, most valuable with original parts and spec next most as replicas.
Future classics are likely to be easily converted to electric. I see the resto-mid as being most valuable - ie classic style and feel, but with updated (electric) drivetrain and features.
I don't understand the whole conversion of a classic car to electric. Seems stupid. I would just buy a brand new car if I wanted an electric car rather than ruining a classic.
Plenty of rolling shells that will be converted, not ripping out the engine from a running Torana.
For some people it’s getting the best of both worlds. Classic style, modern function, stand out from the crowd. I’d love to have one. Affordable modern cars aren’t cool or different.
For me it’s not ruining it, and there are plenty around that think the same way.
Agree for the most part. Though for me, a car that had a glorious sounding V8 being replaced for an electric motor just saddens it. On the other hand, a new car that is electric that happens to have classic/retro styling is very, very appealing. The Honda E would be the closest example I can think of.
@jsrz18: Yeah. I love the sound of a v8 too, but as long as an electric version has a bit of get up and go the sound can be fixed with a stereo and you won’t annoy the neighbours every time you leave home.
I don't think there will be any meaningful phasing out of petrol in the next 30 years. Many marginal servos will shut, but there will still be petrol in every town and most suburbs.
The average car is over 10 years old, so if you take the prediction of majority of cars being sold are electric in 10 years, that suggests there will still be millions of petrol vehicles on the road in 20 years. And many transport applications don't fit well with electric - high mileage will still be fossil fuels or hybrid, as will many rural and remote.
Petrol may be costlier, but it is also possible that the decline in fossil fuel demand will mean petrol supplies are especially constrained.
I do agree we'll see classic electric conversions, bit it will still be cars that are cool, not your Hyundai Excels etc.
Agree it’s going to take quite a while to get rid of petrol, after all average age of our vehicles is around 13 years.
What is quite possible in the near future is increase of pollution or fuel consumption standards that will make old petrol cars much more expensive to maintain and register.
I do think that peak prices have been reached, or are very close for petrol powered ‘classics’. They will eventually just become museum pieces, not driven.
Yep. They are still building servos at a rate of knots, they know more than us, and if they are putting that much cash out there, it's not likely they'll be going anywhere too soon.
Sounds quite accurate to me. Realistically, I expect by sometime in the 2050s, the majority of vehicles on the roads will be electric or hybrid and petrol stations will start to decline in numbers during that period as well. Eventually petrol cars will be more of a weekend ride rather than a daily driver.
BA XR6 Turbo
I agree, i have a BA XR8 and they, the XR6 turbo and GT's have had a big jump in price in the last 18 months, plus, and it's my personal opinion, the BA/BF's just look fantastic. I just love the look of them. If i was looking to make money on a future classic I'd buy a BA/BF GT.
My dad had a BA XR8 from new(2003) until circa 2015… Ended up with the classic "milkshake" of the coolant and gearbox oil mixing together at about 160-180kms.
Interesting, thanks hothed. Mines sitting on 240,000 so will chat to my mechanic about what i can do to prevent this. Having a quick read about milkshakes in fords (I hadn't heard of it before) it's either preventative measures or once it occurs a rebuild/new tranny.
@Pina: Hi Pina,
Only just saw your reply. It's due to the tranmission cooler being integrated into the radiator. The wall between the gearbox oil and coolant breaks down over time. To fix, you will need to get an external transmission cooler and (i think) replace the radiator. It is much much cheaper than the alternative (rebuild gearbox).
Mazda 323 1994 - 2003. It's often the super boring family cars that no one thinks to save that become classics. Also 90's mx-5 fans will want the engines from these cars when they inevitably blow theirs up.
BMW Mini cooper S
Yeah nah those things after all these years, are a pile of shit by now. Owned 2 and still own 1 that's being left to rot.
I like this post, something I've thought about a lot. Esp after selling a LX 253 hatch (mocked SS) for about 2k in the early 90's. Then a WB ute with a statemans front for about 3k in the 2000's.
I think the old Hilux's have and will continue to appreciate a lot. I see some cheap 4 runners and surfs and really like them. That would be a good investment. A friend of mine who loves old corolla's (each to their own) says you can't go wrong with a 2 door toyota.
I do agree with netjock it's about timing, my guess would be about 12 years is when a lot of cars bottom out.
Yes, the hilux, and I think full size 4wds in general, especially now v8 is being dropped from the land cruiser.
My son just sold his '98 model R34 for $10k more than he paid for it 12 years ago. I still reckon he should have held onto it for a while longer.
Peugeot 206 Gti 180, at least I hope so.
205 GTi, on the way up. 206 GTi - doesnt appear so, had it before, not as fun as the likes of DC5, Celica, rear can be unsettled and the gear ratios were abit too wide. 207 GTi - no. 208 GTi - no.
Batmobile is always a classic
Any Toyota Celica.
Even when they turned into front wheel drive hairdresser cars?
Everyone thinks they’re a gearhead or a car collector after watching a few YouTube videos, even hairdressers…
Early model Holden Statesman or Caprice with the V8 motor?
Can only comment on JDM cars as that’s my experience/interest.
Evo 6/7/8/9 - already seen an increase of 30-40% in price.
Chaser
Skyline - non GTR are getting up there
Thing about these cars is there no longer in production.
Any of the 90s - 00s japanese car running the 'cult' engine, even if they weren't desirable, Ie JZ powered cars (already a massive increase in Chasers etc, Aristos are on the way up)
To me, a lot of the demand is stemming from the 80s - mid 00's timeframe, when cars were a bit simpler. Since there are almost 0 new cars that still offer a simple set up, that is the big appeal
370Z… last of its kind.
For sure
I can see 350 / 370z holding value well, as with BRZ / 86s that haven't been attacked by a P plater with his first credit card / Afterpay account
Yep reckon I'd grab the Nismo and just wait.
To me, a lot of the demand is stemming from the 80s - mid 00's timeframe
Actually that’s a valid thing. The most desirable classic cars tend to be bought by middle aged people who have made a bit of money and want to relive a misspent youth and buy the hero car they couldn’t afford from their teenage and 20s years.
So, the most desirable will be 20-40yo.
I reckon the real key is to buy them once they've been hit hard with some depreciation but not so old they've racked up lots of miles (or mods for the cars specified).
We're I speculating I'd grab one of the last XR6 or xr8 or even the sprints. I can't imagine them ever falling in value from where they are, particularly with the auction results at Lloyds.
Skylines, Supras, S-chassis, Z32's, anything with a 1/2JZ (Aristos, Mark II, Chasers), Integras (news just in - some shop in Honkers Bonkers trying to flog off a low mileage DC2R for 880k HKD and I've heard people been exporting their DC2R's overseas)
Don't even need to get the most desirable/hero car type of thing, when the tide rises, everything goes with it see GTS-t's gone bonkers like the GT-R's.
Toyota Mark X? Seems cheap at the moment.
Yeah Soarers, LS400's, Century's were cheap once upon a time…you just gotta give it enough time to let them get written off to the point they're a bit rare.
Honda's should be on the list
DC2 Integra Type R, easily $30K+
Civic Type R
S2000
Subaru BRZ.
Virtually identical to the Toyota 86 but sold in far less numbers. Grab a manual version now and sit back.