Affordable Classics

Index of collectible cars priced under $30k

The Affordable Classics Index is quickly becoming an oxymoron as it’s nearly doubled in value since its inception in 2006. Most of the growth has occurred in the last few years and appears to be accelerating, with a 19 percent increase since September 2020, the largest single-year increase ever.

Eight of the thirteen cars in the index increased in value this period, including the Datsun 240Z and Porsche 914, which both grew about 10 percent. These two cars have more than doubled in the last five years. Even some of the more overlooked classics in the index have finally gained attention. After three years of no movement, the Studebaker Avanti increased 10 percent over the summer.

One part of the affordable car market not shown in the index is modern Japanese classics, which have exploded in recent years. Some of the biggest gains of the period occurred in this realm with the 1997-2001 Honda Prelude increasing 42 percent and the 1990-1996 Nissan 300ZX posting 30 percent growth. While most affordable cars are up in value, the real growth continues to be in 1980s and later collectors, driven by younger collectors coming into the hobby.

-Adam Wilcox, September 2021

The Hagerty Price Guide Index of Affordable Classics is a stock market style index that averages the values of 12 cars priced under $40,000 from the 1950s-70s. Most of the cars in this index are priced below $25,000. The list below shows the cars that make up the index, while the graph to the left shows this index’s average value over the years. Values are for #2 condition, or “excellent” cars.

This index includes