Ford Bronco ascends to top spot in classic car valuation gains

Ford Bronco ascends to top spot in classic car valuation gains

Trucks and SUVs dominate the top ranks of the Hagerty Vehicle Rating, taking the top five spots with the 1966-77 Ford Bronco dethroning the 1976-86 Jeep CJ-7 from the No.1 spot.

This restored 1970 Ford Bronco sold at Barrett-Jackson in Scottsdale for $44,000 | Barrett-Jackson

This restored 1970 Ford Bronco sold at Barrett-Jackson in Scottsdale for $44,000 | Barrett-Jackson

Trucks and SUVs dominate the top ranks of the Hagerty Vehicle Rating, taking the top five spots with the 1966-77 Ford Bronco dethroning the 1976-86 Jeep CJ-7 from the No.1 spot, according to the latest report from the Hagerty classic vehicle insurance and valuation company.

Bronco was up four points in the latest HVR,  to 99 points out of 100, while the Jeep declined three points to 96.

The HVR tracks a vehicle’s performance relative to the entire classic car market, according to Hagerty, and is based on a scale of 0-100; a vehicle with a 50-point rating is appreciating at the same rate as the overall market, while those above 50 are appreciating more quickly, and those below 50 are lagging compared with the overall market trend.

The Bronco’s ascendancy was noted in the latest Hagerty Price Guide, published May 1.

Jeep CJ-7s fell back to No. 2 in the rankings | Mecum Auctions

Jeep CJ-7s fell back to No. 2 in the rankings | Mecum Auctions

“First-generation Broncos leaped up around 9.5 percent on average; the CJ-7s’ increase was only a quarter of that,” Mike Guilfoyle, Hagerty information analyst, said in a report.

The success of Bronco at auction was especially notable, Guilfoyle said.

“The results at Scottsdale, in particular, were out of this world,” the analyst noted. “The four Broncos that sold there went some 40 percent higher than what we had in the then-current guide, given their condition. But sales have been very strong for a while, and Price Guide values have been shooting up to match.”

Of the top 25 vehicles with the highest ratings, 15 are trucks or SUVs. Following the CJ-7 are the 1973-87 Chevrolet C/K Series pickup and 1945-68 Dodge Power Wagon, tying for third at 95, and the 1969-72 Chevrolet C/K Blazer tying with the 1949-67 Volkswagen Beetle for fifth at 94.

A major factor in the ratings leaders is affordability, Hagerty noted, with just two of the top 25 having average values above $25,000.

The vehicle with the biggest jump in its HVR number is an unlikely contender, the 1973-91 Chevrolet Suburban, which rose 57 points to 91 and going from 318th place to eighth. Hagerty insurance data that pegs the number of quotes, the number of added policies and the Guarantee Value figures was responsible for the Suburban’s spike in ranking.

“In all three metrics, 1973-91 Suburbans have been near the top,” Guilfoyle said.

Among other notable jumps noted by Hagerty, the 1966-73 Triumph GT6 gained 22 points and rose from 177th into a tie for 11th; the 1961-63 Ford Thunderbird gained 22 points and moved from 104th into a tie for 11th; the 1968-70 Plymouth GTX gained 21 points and rose from 177th into a tie for 16th; and the 1990-93 Chevrolet 454 SS pickup gained 22 points and jumped from 228th into a tie for 22nd.

Here are the latest HVR top 25:

1966-1977 Ford Bronco, 99
1976-1986 Jeep CJ-7, 96
1973-1987 Chevrolet C/K Series Pickup, 95
1945-1968 Dodge Power Wagon, 95
1969-1972 Chevrolet C/K Blazer, 94
1949-1967 Volkswagen Beetle, 94
1947-1955 Chevrolet 3100, 93
1953-1954 Chevrolet 210, 91
1973-1991 Chevrolet Suburban, 91
1994-1998 Porsche 911, 91
1966-1973 Triumph GT6, 89
1976 Porsche 912E, 89
1981-1986 Jeep CJ-8 Scrambler, 89
1961-1963 Ford Thunderbird, 89
1969-1972 Pontiac Grand Prix, 89
1960-1966 Chevrolet C/K Series, 88
1968-1970 Plymouth GTX, 88
1949-1952 Chevrolet Styleline, 88
1973-1979 Ford F-Series, 88
1966-1983 Fiat 124, 1983-1985 Pininfarina Azzurra, 88
1968-1971 BMW 2800CS, 1972-1975 3.0CS, 87
1946-1949 Willys-Jeep CJ-2A, 86
1973-1991 Chevrolet C/K Blazer, 86
1967-1972 Ford F-Series, 86
1990-1993 Chevrolet 454 SS Pickup, 86

For more information about Hagerty valuations, visit the company website.

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