Petersen, ClassicCars.com to showcase lowriders at Monterey

Lowrider on display at the Petersen Automotive Museum | Petersen photos
Lowrider on display at the Petersen Automotive Museum | Petersen photos

ClassicCars.com and the Petersen Automotive Museum launch a strategic partnership during Monterey Car Week, where they will stage a special exhibit of lowriders at McCall’s Motorworks Revival and at The Quail: A Motorsports Gathering. Continue reading

Five rapidly appreciating cars from the “Class of 92″

1992 Dodge Viper

The experts at ClassicCars.com have identified five vehicles from the 1992 model year that represent great investments—especially for nostalgic-minded enthusiasts looking for something special to drive to their 25th reunion.

“Representing a broad spectrum of domestic and import makes and models, this list identifies cars that are showing significant signs of appreciation on the market,” said Andy Reid, ClassicCars.com’s East Coast editor and analyst. “These cars represent a new segment of the collector car hobby, which emphasizes models from the ’80s and ’90s.

The ClassicCars.com Class of ’92 list includes:

  • 1992 Acura NSX—A landmark car when introduced, the NSX was the first sensible supercar to offer all the glitz and glamour of an exotic with Honda reliability. Only 7421 were made for U.S. buyers over the eight-year lifespan of this first-generation model. With availability limited, demand continues to grow
  • 1992 BMW M3—Universally hailed as one of the best BMW’s ever built, it’s basically the Swiss army knife of cars, available as a convertible, sedan or coupe, an option for every taste. The M3 also boasts a well-documented heritage as a race car. The first-generation M3 delivered everything it promised, and more. Models from 1992—especially those with low mileage—are extremely valuable
  • 1992 Dodge Viper—The brainchild of Bob Lutz with input from Carrol Shelby, the Viper is a modern-day Cobra, the kind of car we’ll never see again. Only 285 Vipers were built in 1992, the year this supercar made its debut. This is the model year that true collectors want, but availability is scarce
  • 1992 Porsche 968—The final version of the Porsche 924/944 platform, this reengineered ’92 model was the first to be completely built by Porsche, with no input from Audi. Total North American production that year was limited to 1,440 units. Very few are available, and low-mileage ones are almost impossible to find
  • 1992 Toyota MR2—The 1992 MR2 has gone up in price because good examples of low-mileage cars are scarce. We’ve seen a resurgence in demand for Japanese cars, and this is one of those that is extremely sought after.

“With the exception of the Viper, all offer niceties of a modern car but all the nostalgia of a classic,” Reid said. “This new generation of collectors love driving these cars. Accordingly, these five are as usable as they are collectible.”

ClassicCars.com adds Michael Murray as Area Sales Manager

Michael Murray
Michael Murray joins ClassicCars.com as Area Sales Manager

ClassicCars.com has appointed automotive industry veteran Michael Murray to area sales manager.

Murray, who brings more than 18 years of sales experience in the automotive industry to ClassicCars.com, will take the lead in driving vertical media revenue and in building marketing partnerships with key automotive brand leaders, according to the company.

Murray joins ClassicCars.com from National Business Media, where he spent 13 years holding various positions. Most recently, he served as associate publisher at THE SHOP. He previously held positions at Volant Performance and K&N Engineering.

Murray won the 2016 Robert E. Petersen Award during the 2017 Motorsports Parts Manufacturers Council (MPMC) Media trade Conference in Santa Ana, California.

“Michael brings extensive sales and leadership qualities that will help us further our growth and market presence,” said Roger Falcione, president and CEO of ClassicCars.com “As the area sales manager, he will drive revenue and build relationships that will benefit ClassicCars.com for years to come.”

Mustang most popular search, ClassicCars.com data reveals

Map shows most popular searches in each state for 2016 | ClassicCars.com graphic
Map shows most popular searches in each state for 2016 | ClassicCars.com graphic

There are several ways to check the pulse of the collector car marketplace. There are auction results, buyer’s guides, and expert analysis. But another is to see what cars people are searching for the most on ClassicCars.com. With more than 30,000 vehicles for sale by private sellers, classic car dealers and auction houses, the website is the world’s largest collector car marketplace.

For the 2016 calendar year, the Ford Mustang was the most searched-for car. It also led in state-by-state statistics as the most searched-for collector vehicle in 13 of the 50 states. Continue reading

Spend your tax return on a classic car investment fit for the whole family

imageshandler

Recent trends in the classic car market have illustrated that returns on investments are better than ever with sales at the high end of the market offering up to a 500 percent ROI for smart investors. Trends are heating up at the entry level end of the market with more modest cars beginning to appreciate in value. With Tax Day just around the corner, our experts have some suggestions as to how you can invest your money in something tangible that you can enjoy with your family for years to come – an entry-level classic car.

Based on extensive research, our experts have compiled a list of 10 vehicles that can be bought for less than $10,000 and that will continue to appreciate in the future. What sets the vehicles on this list apart is that these cars are modern enough keep up with traffic, are relatively affordable to maintain and allow owners to enjoy their purchases on the road.
Continue reading

2017 Amelia Island auctions reveal new major collector car trends

Phoenix Arizona, March 13 2017

As the events at Amelia Island come to an end, three trends have become readily apparent from the collector car auctions. After studying results from the five auctions that ran over three days, post-sale analysis reveals that the impact of younger enthusiasts and investors has begun to impact both vehicle selection for these sales as well as the overall collector car market, driving up values for vehicles that were not historically considered “blue chip investment” cars.

Trends from Amelia Island auctions included booming prices for European exotics built in the ‘80s and ‘90s as well as a continued rise in prices for the Porsche market buoyed by the constant climb in price for air-cooled 911s, which also has created lift for earlier vehicles across the 356 vehicles and water-cooled vehicles like the 944 and 928. On a related note, the desire for Italian exotics amongst the younger set paired with historically high prices for Ferraris has begun to push the non-traditional Italian marque, like Lancia, Maserati and Fiat, to new highs.

Continue reading

Why park when you can play: Classics meant for winter driving

Phoenix, Ariz. (February, 2017) – For most classic car owners, when the temperatures drop it’s time to tuck away and protect their classic cars. However, knowing which classics are best suited for blustery winter months can help lower storage costs and provide year-round enjoyment rain or shine. The vehicles listed below represent a collection of the best classics for winter driving:

• 1992 Subaru SVX – Introduced to the U.S. in 1992 as a grand touring coupe, the SVX is known for its sure-footed winter driving capabilities. This vehicle not only looks good with its curvy lines, but its powerful EG33 model 3.3L boxer engine combined with four-wheel drive, over-rev protection, fuel injection and ignition monitoring makes this classic perfect for slick driving conditions.

• 1984-1987 Saab 900 – The first generation or “Classic” Saab 900 is well recognized in the motorsports industry for its rally car pedigree. Featuring front-wheel drive and a double wishbone suspension design, it’s no surprise this iconic classic dominated in rally racing so it will have no trouble overcoming the winter elements in your neighborhood.

Continue reading

Hidden treasures and explosive sales redefine the collector car market

Phoenix, Ariz. (January, 2017) – Collector car experts at ClassicCars.com – Bob Golfen, Larry Edsall and Andy Reid – share their expert opinions about what is happening in the collector car world after attending the seven auctions of Arizona Car Week. With more than $250 million in preliminary sales figures, a significant increase from the previous year, it became apparent that a new generation of car collectors has been established. New research and on-site observations suggest a changing landscape for collectible car buyers.

Associate Editor Bob Golfen observed that vintage classics from the 1930s sold for less than he had anticipated. “I was chagrinned to see so many really nice old cars from the 1930s selling for a relative pittance,” Golfen said. “Though not cheap, it was still a lot less than I thought they deserved. This is reflective of the latest trends in the collector car marketplace, where a gorgeously restored 1934 Ford roadster went for $52,800 and an exceptional 1941 Cadillac convertible coupe sold for $60,500.” Golfen also observed that modern exotics and cars of the ’80s and ’90s were definitely on the rise, classic muscle car prices continued their strength and ’50s pickup trucks sold for strong prices as well.
Continue reading

Future Classics Car Show packs rooftop garage

Mercedes-Benz AMG GTS enters the car show | Photography by The Function Factory

ClassicCars.com, with support from Car Street Journal and the Function Factory, celebrated future collector cars with a show of their own Monday, set during Arizona Car Week atop a parking garage at the Scottsdale Quarter, an upscale shopping district.

Continue reading

Ford Bronco, VW van popular among ClassicCars.com searchers

1957 Chevrolet Corvette
1957 Chevrolet Corvette

The 1967 Ford Mustang continued to reign as the most searched-for vehicle on ClassicCars.com in April, though the state of the current collector car market showed in the fact that the number of searches for that and for other leading cars dropped off from previous months’ levels.

Continue reading