It’s old vs. new in a battle for Pontiac supremacy.
Classic Classified: 1966 Pontiac GTO Hardtop 389/360hp
From: Car Collector and Car Classics
Date: December 1990
Price then: $35,000 ($62,500 adjusted for inflation – about the cost of a new 2015 Dodge Challenger SRT Hellcat)
Price now: $21,300 – $70,700
Approximate dollar difference: $8,000 (assuming #1 condition)
Approximate annual rate of return: 0.49%
1966 Pontiac GTO. 20,600 actual miles, original paint, interior, steel ram air pan, triple carburetors, radio delete, 4-speed, $35,000.
In 1990, the economic boom that carried over from the late ’80s was hitting its peak. That meant all-time high prices for collector cars. Considering that this car probably could have been had for a song a few years later, hopefully it went to a loving home where the investment wasn’t the main cause for purchase.