Classic car insurance company Hagerty has announced its annual “Hagerty Hot List,” a top-ten list put together by the company’s valuations experts that predicts which current cars will be future collectibles. With Hagerty’s experience in valuing classic cars, the list might just preview the vehicles that will be hot on the auction block in a few decades. To qualify for the list, vehicles must be mass-produced, sold currently, and have an MSRP under $100,000. Hagerty tasked its team of experts, who also maintain the largest database of classic cars and closely monitors car-collecting trends, with selecting ten cars with the best projected future collectability. “This year’s Hot List includes cars that are sure to develop a cult-like following because their characteristics resonate with driving enthusiasts,” said Hagerty CEO McKeel Hagerty in a release. Here are the ten cars Hagerty chose for its list: Buick Regal GS – Hagerty singles out … [Read more...] about Hagerty Names its Top Ten Future Collector Cars – Do You Agree?
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While you can’t simply call MI6 and apply to be the next James Bond, you can at least get a taste of that lifestyle by driving some of the same cars England’s favorite spy has driven. But unless you’re as wealthy as Auric Goldfinger, you might not be able to afford some of Bond’s swankier vehicles. Luckily, not all of 007’s rides are out of reach. To celebrate the 50th anniversary of James Bond’s first movie and the release of “Skyfall” this Friday, we’ve chosen the top 10 best Bond cars on a budget. Click through to see all 10 of our James Bond Cars on a Budget picks. 1977 Lotus Esprit S1 – If you want something with exotic looks that could potentially be converted into a submarine, the early-model Lotus Esprit featured in “The Spy Who Loved Me” is for you. Though in the film Bond dives the Lotus underwater to escape bad guys, the cars on the used market won’t be quite as seaworthy. The first iteration of … [Read more...] about Top 10 James Bond Cars on a Budget
“The Real Horsepower behing the Current Market “ “Values vs. Trends” Car Crazy’s Barry Meguiar will be the moderator for the seminar while acknowledged market experts like Corky Coker, Tim Studdard, Drew Alcazar, McKeel Hagerty, Michael Kunz, and Jim Fiske will be on the discussion panel. This is an interactive seminar; participation from the audience is strongly encouraged. Due to the overwhelming response, spots are limited for the seminar. Breakfast will be served during seminar. Barry Meguiar is the third generation owner of Meguiar’s Inc., originally founded by his grandfather in 1901. In addition to running Meguiar’s Inc. Barry hosts his own top-rated television show, Car Crazy. Andrew Alcazar is a notable award winning restorer, avid vintage car racer, but best known as the CEO and co-owner of Russo and Steele Collector Automobile Auctions for the past 11+ Years. Corky Coker is a fellow car enthusiast that happens to be the president and … [Read more...] about Talk Collector Cars with Corky Coker at Russo and Steele
Insurance. For many folks, it’s been a bad word when it comes to high-performance Mopars. Many folks who remember when 426 Hemis were factory options in B-Body and E-Body Mopars also remember how expensive insuring them back then was–many times, insurance payments were lots higher than car payments! That’s a big reason why insurance gets part of the blame for the disappearance of factory-built performance cars after 1972. Nowadays, there are specialized insurance policies available for those who restore and enjoy vintage rides. However, more than a few companies and underwriters require that all drivers in the household be at least 25 years old, and/or have at least 10 years worth of driving experience. That can be an obstacle if you’re 22 years old and living on your own, or you’re still in high school and living at home with Mopar-devoted parents who’ve supported you all the way on your first project.`But not all of them do. The best thing that … [Read more...] about Insuring Your Classic Mopar – Cover It!
How was the market at the winter Arizona collector-car auctions this year? Better than the last few years, with quality cars bringing good money, and very little crazy money bidding and selling like there was before 2008. And when it comes to muscle cars in general, and muscle Mopars in particular, they got plenty of interest from the biddersand two of them wound up among the top-10 sales of the entire Arizona winter auction season. Only one of them broke the million-dollar mark: A ’70 Hemi ’Cuda convertible sold for $1,705,000 at Russo and Steele’s Scottsdale auction. Meanwhile, at Barrett-Jackson, there were no million-dollar sale prices this year, but a restored ’56 DeSoto Fireflite convertible brought Duesenberg money when it sold for $368,000, the highest-selling Mopar at their big five-day event. In all, according to one auction observer, it was a very good year. We’re almost back to 2007 overall sales at all the auctions, says McKeel Hagerty, … [Read more...] about 2011 Winter Arizona Collector Car Auctions – On The Block In Arizona
It was over, Johnny. The muscle car thing had run its fun, psychedelic course by the early 1970s. Rising insurance rates, falling compression ratios, and looming federal regulations effectively killed the fun like your junior high principal turning on the gymnasium lights at the end of the eighth-grade dance. Time to go. Pontiac lingered as long as possible, and the Super Duty 455 engine was the final song they got the DJ to play as everyone shuffled off the floor. That the SD-455 was produced at all was a miracle, given how quickly high-performance became politically incorrect by the early 1970s. Installing it in the Firebird was another challenge because the F-Body line was very nearly canceled after 1972. Sales for ponycars dropped precipitously as younger buyers sought more fuel-efficient cars. Consequently, Firebird sales plunged more than 56 percent between 1971 and 1972, to less than 30,000. Only 1,286 of them were Trans Ams. Fortunately Pontiac was filled with passionate … [Read more...] about Pontiac Trans Am SD-455: Did Pontiac Save its Best Muscle Car for Last?
With yet another Ferrari 250 GTO selling for record sums, the world has its eyes focused on the funny little microcosm that can be described as“blue chip cars”. Investors are looking at high-profile classic cars as a potentially lucrative asset class, a way to diversify their portfolios in a world where interest rates are zero and the only investment offering decent returns are securitized car loans. Others think that it’s just another bubble, reminiscent of the million-dollar Hemi ‘Cudas that were crossing the blocks at Barret Jackson in the good old days before the Great Financial Crisis.But none of that matters much to the average car enthusiast. At least unless we take into account the trickle-down effect which Jack mentioned in his recent article, or until someone starts an investment fund specializing in 1960s LeMans racers. Many people consider classic car investing to be the realm of the super-rich. They conclude that only the appreciated … [Read more...] about A Car As an Investment, Or How To Buy a Toy And Not Lose Money On It
From the March 2014 Issue of Car and Driver A demographic shift looms: Some 76 million baby boomers will soon reach retirement age, crushing the health-care system and the social safety net with their massive numbers. But we have a greater concern: Who’s going to buy all their cars? “I think that boomers are taking a more practical approach to baggage. We want to lighten our loads sooner,” says Charlie Kuhn, a 52-year-old collector from the Chicago area. “Guys not much older than me are selling because their kids aren’t interested. I’m already thinking about downsizing.” The best estimates we have at the Hagerty Group, which sells classic-car insurance, peg the number of collector cars in the U.S. at roughly 5 million, of which 58 percent are owned by baby boomers, or those born from 1946 through 1964. Our data says that the median age of collector-car owners is 56 years. The oldest boomers are approaching 70, and their … [Read more...] about How Baby Boomers Created Today’s Classic-Car Market—and How They Could Crash It
Investing in the classic car market is like investing in the stock market. The biggest difference is that, when you buy a car, you actually have something to enjoy, regardless of whether you accrue wealth. However, negotiating the minefield of vintage automobiles can be treacherous and an investor can use all the help available to them — especially now that Baby Boomers don’t dictate the entirety of the marketplace.Hagerty, an authority on classic car valuations and insurance, has offered some guidance for the best classic cars to buy next year. The list fixates on cars it believes to be strong investments in terms of value growth while remaining pleasurable to own. So, if you’re planning on placing your retirement on rolling rubber or just want to test the waters without spending a lot of money, these are cars to consider. Used C5 Corvettes have maintained flat pricing over the last two years, meaning that deprecation has ended … [Read more...] about Classic Cars to Purchase and Hang Onto in 2017
At the International Consumer Electronics Show in Las Vegas, GM showed off some cool new tech, like the 2016 Chevy Volt and a magical system that predicts mechanical failures before they can leave you stranded. But the company also talked about some new OnStar technology that gives us pause—technology that monitors your driving habits and uses your location to send you retail coupons.The first is a smart driver service that, beginning this summer, allows owners of certain GM vehicles from 2013 or newer to let OnStar monitor their driving for a 90-day period. Customers who sign up will get a report back at the end of the 90 days, comparing their individual driving habits to the averaged, anonymized habits of other drivers participating in the program. From there, customers can choose to share their driving report with their insurance company in the hopes of getting a good-driver discount on their car insurance.The second program, named AtYourService, is a … [Read more...] about OnStar Wants You to Share Your Driving Habits With Insurers