The Clasiq Valuation Guide to America's Top 10 Classics
date: 2020-12-24 author: Clasiq
date: 2020-12-24 author: Clasiq
We wanted to look at what the great US classic car nut was looking for on the web and provide you with a valuation guide to these cars. Obviously, there are thousands of cool cars out there so we looked at the top ten most searched cars in 2018. There’s even data out there which can give you the most searched cars by state but for the purposes of this guide we have combined the data for the whole of the US.
1. The 1967 Ford Mustang
The 67 Ford Mustang's are considered the most valued and desired years. After all, it was when the carmaker hit the "sweet spot" between improved mechanicals, interior, and cosmetic changes and the model's compact and classic stylings. Buyers can choose to get 2-door notchbacks.
When Ford started making the 1967 model they decided on a production number of 470,000-plus units, which was largely due to the Pontiac Firebird and the Chevrolet Camaro. During that era, the public's adoration went to the Hardtop Coupe edition, to which there were 356,271 units sold. Second in place was the Fastback at 71,042 units and then the convertible model at 44,808 units. Prices for the notchback, fastback and convertible models were $2,461, $2,592 and $2,698, respectively.
The 1967 Ford Mustang holds steady price values in the UK market and enjoyed a slight increase in the last 5 years. The Market puts the average price of the car in 2014 for £25,000, with the Standard Convertible, Standard Coupe and Standard Fastback model type fetching £15,300, £11,500 and £12,700, respectively.
In the US, the value of the 1967 Ford Mustang is listed for the following- for top condition, the car continually fetches for $30,200. This means the model is in the right colors, or thereby known as "Concours". In Excellent, Good and Fair condition the 1967 Ford Mustang is valued at $23,400, $17,800 and $10,300 respectively.
Mitsubishi Lancer Evo enthusiasts will have a difficult time finding untouched classics and ones that are in great condition. The brand itself has been attributed to the tuner industry and as such, many of the Evos today have been modified heavily.
Image Source: @_oldtimers
2. The 1969 Dodge Charger
For old-timers, the 1969 'Charger brings back memories of The Dukes of Hazzard, while the newer generation gets to see and appreciate the classic muscle in Fast and Furious 6.
Dodge has introduced several variations on the 1969 model, including an SE, or "Special Edition" and a base model. The Daytona and the 500 were part of the SE lineup, as well as the R/T. Out of all those, the car manufacturer only offered the vehicle as a 2-door hardtop.
The Hagerty report shows that the 1969 Dodge Charger is currently enjoying a 5-year high, with projections that the values are set to go even higher. Classic car investors can safely purchase these models to add to their collection. Current value for Concours is at $55,700, while Excellent, Good and Fair condition are marked $42,800, $29,200 and $20,000, respectively.
It's noteworthy to reveal that the R/T models have the V-8 engine and several hardware improvements, including dual exhausts, heavy duty brakes and suspensions and an SE package that added wood trim effects and leather seats on the Charger's interiors.
Colors can dictate the 1969 Charger's appeal and value. Exterior paint jobs for the Charger were Hemi Orange, Rally Green, Bahama Yellow, Citron Gold, Gold, Cream, Yellow, Black, White, Dark Bronze, Light Bronze Copper, Red, Charger Red, Bright Turquoise, Light Turquoise, Beige, Dark Green, Bright Green, Medium Green, Light Green, Cordovan, Light Blue, Dark Blue, Bright Blue and Silver.
Yearly averages look good, considering that in 2015 the value for the model was set at $69,823 while currently it enjoys a value of $82,546. The highest number of sales was in 2018, where the 69 Charger was sold 16 times at an average of $81,640.
Image Source: @ianscott555
3. The 1969 Chevrolet Camaro
The 1969 Chevy Camaro was mainly built in order to keep up with the competition, namely the '69 Ford Mustang. It was the year that Chevrolet decided to add some interesting changes into the vehicle.
For starters, the manufacturers added an RS, or Rally Sport package that upped the 1969 Camaro's aesthetics. Noteworthy additions include the exterior rocker trim, tail-lights and the hidden headlights. Moreover, RS badges could be seen from the front to the back. RS became the most popular choice among auto owners and it made the company sell 64,840 units.
The SS, or Super Sport package proved to be the second most popular model, with more than 34,400 units sold. It had a complement of both aesthetic and performance upgrades, and SS badging was visible on the gas cap, horn button and grille.
The Hagerty's price list for the 1969 Chevrolet Camaro is as follows- Concours models fetch for $36,000 while Excellent, Good and Fair conditions are valued at $28,400, $22,700 and $13,900, respectively.
Yearly average for the model seems to be increasing. From 2015 to 2019 the 69 Chevy Camaro rose from $62,587 to $74,528. Prices range on several hardware variations- for example, the 69 ZL-1 are sold at an average between $500,000 to a million dollars.
Image Source: @cyclez28
4. The 1965 Ford Mustang
1965 was a good year for Ford. When the Mustang line was introduced at the World Fair in New York, people were caught up by the compact, yet powerful innards of the vehicle. It was at the same time a new market segment was born- the "pony car" or otherwise known as the 2+2.
There is an ongoing debate between Mustang enthusiasts whether to classify the first year Mustang as a 64 ½ o2 a 65, for the sake of brevity we will say 1965. For starters, the 1965 model weighed only 2,550 lbs, which was counterpoint of the idea "bigger is better" that swept the automotive industry. Ford wanted to make a sporty, race-car inspired vehicle that was built on Falcon underpinnings, and the result was impressive to say the least.
During its release, the 1965 Ford Mustang fetched a price tag of $2,427. If we were to convert that into today's currency and with inflation, the figure will be around $18,326 which is a bargain price for many. The Hagerty reports put the 1965 Ford Mustang at $27,400 for the Concours condition, and $23,100, $15,900 and $9,300 for the Excellent, Good and Fair conditions, respectively. If separated into body styles, the Fastback Coupe garners the highest interest (and price) at $35,627 average, along with the 271HP, 289 CID variant at $45,805.
As for yearly averages, the '65 Ford Mustang enjoys a slow but sure growth. In 2015, the average sale for the model was around $31,693, while today the same vehicle goes at an average of $38,875. Peak interest for the '65 Mustang was in 2017, where it sold the highest at an average of $28,743.
Image Source: @ghostrivercustoms
5. The 1965 Ford Mustang Shelby Cobra
The lightest Mustang you could purchase in 1965 was the race focused Shelby GT350 cobra. But the weight wasn't an indication of performance; the Mustang’s were high-powered versions, where Shelby injected their DNA to come up with what many consider the "ultimate Pony car".
Originally, the GT350 was priced at $4,854 USD, a mere $1,100 more than the standard 289 Fastback. This variant was also very limited in stock, as only 500 cars were made during production for the Wimbledon White variant that featured Guardsman Blue rocker stripes. Then, there were only a handful of GT350s that were sent to dealers which had the LeMans' top stripes. Only about 28% of the model had stripes showing the "Le Mans" design.
Hagerty lists current values of the 1965 Ford Mustang Shelby GT350's as $520,000 for Concours. It fetches a collector's price of $435,000 for Excellent, $368,000 for Good and $262,000 for Fair conditions. In 2018, Hagerty has placed the vehicle near the bottom of their Vehicle Ratings, which depended on how it fared. Perhaps the expensive ticket for acquiring the beloved GT350 has put off buyers in favor of more affordable sports cars. But in general, the GT350 trends quite well.
The most valuable '65 Mustang Shelby GT350 was a 1965 GT350R in Concours condition, which had a value of $1.05 million USD. Excellent conditions for the same model have a value of $898,000.
Image Source: @lightworx_studio
6. The 1957 Chevrolet Bel-Air
The 1957 Chevrolet Bel-Air was created by Chevrolet to be a full-sized car during the 1950 to 1981 year. 47,000 units were made during its model year, and 1957 marked the first year the company added fuel injection to the vehicle.
To many classic collectors, the 1957 Bel Air was considered the "icon of its age", right beside Leave it to Beaver, Marilyn Monroe and Elvis. That unmistakable silhouette has made the Chevy Bel-Air one of the most recognizable cars of all time in the U.S. Convertibles and coupes of the Bel-Air variant are highly sought-after artifacts by collectors and hobbyists alike.
In 1957, the Bel-Air was priced at just $3,000, but it has soared in the classic car market since then. Notably speaking, reliable price guides reported that the 1957 Chevrolet Bel-Air more than doubled their values for the 2-door hardtop model from $26,400 in 1999 to a whopping $56,400 in 2012.
Hagerty lists the current values of the 1957 Bel-Air as such- $54,000 for Concours condition, $38,700 for Excellent, $30,200 for Good and $19,700 for Fair condition.
Average value for the model has been climbing up steadily- in 2015, the average price for the vehicle was $60,812 and today it goes for $77,453. Interest for the iconic classic was at its highest in 2017, where it reportedly sold for 168 times on official channels.
Image Source: @gingerbread_photos
7. The 1966 Ford Mustang
1966 was one of Ford's most prolific years in terms of ownership and sales. In March, Ford celebrated the fact that their company has sold a million Mustang, elevating its status as a classic. In the same year, Ford began production of convertible, coupe and fastback trim models and churned out an impressive 607,568 units in total.
Notable additions and upgrades to the Mustang included revised side scoops, new rocker-panel trims, a new instrument cluster, new auto transmission options for the Hi-Po V8 variants, a new grille pattern and new wheels. When it came out, the price for the 1966 convertible was $2,652; the coupe was $2,416 and the fastback was $2,607. Today, that figure is about tenfold for mint specimens.
The Hagerty vehicle price list shows that the Concours condition for the '66 Mustang is valued at $26,000, while Excellent, Good and Fair conditions fetch $22,200, $15,300 and $9,000 respectively. According to body style, the value plays a bit differently- the hardtop coupe edition goes for $17,300, the fastback coupe goes for $36,000 while the convertible model goes for $28,000. In the UK, the trend is more or less the same- the standard convertible variant fetches £19,700, the standard coupe unit goes for £12,900 while the fastback goes for £17,900.
In terms of yearly averages, the trend is slowly going up- in 2016, the average sale for the model is $28,575, but in 2019 the average sale is $34,413. The highest number of recorded sales was in 2018 where about 148 units were exchanged on official channels.
Image Source: @eric0w
8. The 1970 Chevrolet Chevelle
The 1970 Chevy Chevelle is touted as the gold standard for American classics. The revised sheet metal spoke volumes about the build as well as the monstrous V-8 engine sitting at the front. The mid-sized vehicle became very popular during its time, and Chevrolet responded by making more than 400,000 units. Hardtop variants had a price tag of $3,312 while the convertibles cost $200 more.
Chevrolet then brought out the ultimate version at the same the LS6 came out. The LS6 Turbo Jet engine had 450 horsepower and enough push to give the Chevelle a roaring start. Interested buyers had to get the SS 454 package, which included the engine and an $503.45 as an added cost, and mandatory options for the Turbo 400 automatic or the Rock Crusher 4-speed variant. This made the overall price go up by more than a thousand dollars.
In 1970, 4,475 vehicles with the LS6 engine were built, and today it's one of the most desirable cars in the classic market.
In the Hagerty report, the 1970 Chevrolet Chevelle fetches $20,000 for the Concours condition. For Excellent, Good and Fair condition, the price is $15,700, $12,300 and $8,400 respectively. It's worthy to note that the trend pricing is going noticeably up during its 5-year span.
The 1970 Chevrolet Chevelle went for an average of $57,382 in 2015 and went for an average of $75,779 in 2019. Surprisingly, the demand has kept up during 2015, 2016 and 2018, with a peak of 148 units sold on official channels in 2017.
Image Source: @classiccarfinatic
9. The 1969 Ford Mustang Mach
In 1966, car manufacturer Ford showed the public a glimpse of the Mach 1, but it wasn't until 3 years later that official production started for the model. In 1969, the world witnessed a second design remake of the much-venerated Ford Mustang line. The result? the Mach 1 deposed the number 1 GT and went on to become a super popular variant, with its luxurious trimmings and race aesthetics.
The 1969 Ford Mustang Mach 1 was only produced with the fastback style. It was priced at $3,122. According to Hagerty report, the Concours condition is set at $62,600, while the Excellent, Good and Fair conditions fetch $47,000, $39,000 and $26,900 respectively.
Buyers have the option to customize their Mach 1 with running gear and stylings. Clever classic owners have outfitted Mustangs with Mach 1 fittings and try to pass it off as a Mach 1 model, so do your research and find out how to spot them so you won't fall into a costly mistake.
There are Mach 1 that are priced $75,000, with some fetching well over the $100,000 price tag, but the more expensive ones are too good and too valuable to be driven out on roads.
Surprisingly, the yearly average for the 1969 Ford Mustang Mach 1 is slow-moving. In 2016, the average price for the model is at $46,526, while in 2019 the price has dropped to $44,792. It seems that interest is waning for the vehicle, and demand has fallen as the number of sales has dropped from 37 to 2016 to just 17 in 2019.
Image Source: @alexthagreat88
10. The 1968 Chevrolet Camaro
The Chevrolet Camaro was Chevy's answer to Ford's Mustang, and it was unlike any car produced before. It's one of the few vehicles that's SCCA-sanctioned for the Trans-Am Series.
The Camaro's base models are either in the convertible or sports coupe variant. Interested buyers could go up and get the SS, or Super Sport model, which has an optional engine, slight suspension, badge, and hood differences. There's also the Rally Sport trim, which sports a unique grille, exterior styling cues, and swing-away headlight doors. It was the most favorite option, and Chevrolet complied by making 40,977 units.
Special mention goes to the Camaro Z/28, which was made road-worthy in 1968. Current value for the Concours condition is set at $35,800, while the Excellent, Good and Fair values are set at $27,600, $22,000 and $15,800 respectively. Adjustments in value are naturally given to the RS package (up 20 percent), the RS package on Z/28 and SS models (up 25 percent) and 20% increase on factory 4-speeds.
The yearly average for the 1968 Chevrolet Camaro is well-defined. In 2015, the average value of the vehicle is $35,940 and continues upward of $49,421 in 2019. Demand for the classic has risen in 2017, where it was sold 105 times on official channels. Special models, including the 1967 to 1969 Yenko fetches for $250,000 to $300,000, while the 1967 and 1969 Pace models fetch anywhere from $26,000 to $66,900.
Surprisingly, the yearly average for the 1969 Ford Mustang Mach One is slow-moving. In 2016, the average price for the model is at $46,526, while in 2019 the price has dropped to $44,792. It seems that interest is waning for the vehicle, and demand has fallen as the number of sales has dropped from 37 to 2016 to just 17 in 2019.
Image Source: @camaro_1968_nl
Already have an account? Sign in here
Create a new account? Sign up here