While noting that predicting the future is a risky undertaking, Hagerty again presents what it calls its “Bull Market list,” in this case 10 collector cars — and a motorcycle — that its valuation number crunchers expect to increase in value during 2020.
While admitting this is an imperfect undertaking, “we also believe the list is worth compiling to highlight growing trends and changing tastes among fellow car faithful,” Hagerty reports. “And although our advice is to place investment potential a distant second or third in your priorities as you seek out the car you love, fans of any of this year’s honorees might want to buy soon before they miss their chance.
“The themes for 2020 are an extension of those of previous years, with the models looking less like traditional classics and more like the wish list of the high school Class of 1999. Which makes perfect sense given that the Class of 1999 is now 39 and splashing out on the cars of their youth (like every generation before them).
“The models here are more modern and more affordable than a conventional classic, but their unifying trait is that they’re all fun.”
So what are those fun vehicles?
1996-2002 Dodge Viper GTS
1990-1995 Volkswagen Corrado
1999-2005 Ferrari 360
1994-1998 Ducati 916
1971-1980 International Harvester Scout
1988-1991 Honda CRX Si
1997-2001 Acura Integra Type R
1984-2001 Jeep Cherokee
1998-2002 BMW M Roadster
1970-1976 Porsche 914
1970-1995 Land Rover Range Rover
Current prices for those vehicles are reasonable enough, ranging from a low of around $6,000 for the VW Corrado to a high of nearly $90,000 for the Ferrari.
In addition to its predictions, Hagerty cautions that compiling such lists is a risky undertaking, and offers as evidence a followup on its Bull Market 2019 expectations.
“We earned a passing grade for our 2019 list overall, but the individual results were mixed,” Hagerty reported.
“Of our 10 picks, four increased in value by 20 percent or more (an ‘A’ grade), definitively outpacing the 6 percent average increase of all vehicles covered in Hagerty Price Guide. Another two of our picks had 10 percent appreciation or better (a ‘B’ grade). The remaining three were disappointments, with two of our selections remaining flat and one actually losing value.”
While sharing its Bull Market lists, Hagerty also reports on the biggest winners and losers of 2019 in the collector car valuation derby.
“Tastes, trends, and demographics are always changing in the collector car world,” it reports. “So are prices, which is why we update the Hagerty Price Guide three times a year and are constantly adding new vehicles. There are always ups and downs, and 2019 was no different.”
What were the biggest winners and losers in the collector car marketplace this year?
Up 46 percent — 1990-1994 Volkswagen Corrado
Up 36 percent — 1999-2002 BMW M Coupe
Up 24 percent — 1985-1991 Honda CRX Si
Up 24 percent — 1969-1972 Chevrolet C/K Blazer
Down 20 percent — 1950-1953 MG TD
Down 22 percent — 2014-2015 LaFerrari
Down 27 percent — 1989-1991 Chrysler TC by Maserati
Down 28 percent — 1953-1956 Packard Caribbean