Unlike European cars, or even older American iron, there is little market outside of North America for muscle. With the sinking value of the dollar, you could be passing up a big part of the investment aspect of old car ownership by not, as they say, diversifying your portfolio. My favorite example is the Mercedes-Benz 300 SL, both Gullwing and Roadster. They are worth about the same on every continent except Antarctica, and if penguins bought cars they would bring the same there as well. Only we North Americans see millions of dollars for a 1970 or ’71 Hemi Cuda convertible, and many of us are at a loss to explain why.
Dave Kinney is publisher of the Hagerty Price Guide.
To see this article in its original format, view the pdf version of the Fall 2007 issue of Hagerty magazine.