Index of collectible cars priced under $30k
It isn’t easy to sum up the collector car market’s trajectory through the pandemic, however Hagerty’s Affordable Classics Index provides the best snapshot. It is up 18 percent over the past 12 months, drastically more than our six other primary indices, and once again sits at an all-time high. No component cars lost value, and over half of them gained.
This index has grown to the point where many of its cars are stretching well beyond the realm of “affordable” for most people. Five of them now carry a condition #2 value of over $40,000. The Datsun 240Z has more than tripled in value over the past decade.
For enthusiasts, this class of cars has always been about cheap fun. And with all the uncertainties of the past year, people with money to spend have been content to pursue cheap fun rather than put too many eggs in one basket. “Pandemic buying,” be it through online auctions or by other means, was largely focused on this segment. That was reflected in higher prices for everything from two-seaters to trucks.
-Andrew Newton, May 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.