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Scion FR-S / Toyota 86 GT86 General Forum The place to start for the Scion FR-S / Toyota 86 | GT86 |
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03-27-2017, 09:17 AM | #1 |
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High value modern classics... who knew?
Bloomberg says our cars will become high value classics in 30 years.
http://www.carbuzz.com/news/2017/3/2...ssics-7738447/ Last edited by 7 skulls; 03-27-2017 at 02:22 PM. |
03-27-2017, 09:36 AM | #2 | |
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03-27-2017, 09:53 AM | #3 |
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These cars have been made in too great numbers to become high value classics during any of our lifetimes. They might however, be looked at like the old British roadsters are now in that they will turn heads but not be worth all that much money. They'll never be mk4 supra or vintage 911 valuable though, unless people start crashing them in mass numbers.
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03-27-2017, 10:00 AM | #4 | |
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03-27-2017, 10:48 AM | #5 |
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I could see the 86 being sought after by a small contingent of enthusiasts that are in love with specific brands/models, (like how some of the BMW, Honda, and other mass produced models are still loved by enthusiasts who are willing to pay higher than normal prices to have a good specimen) but I don't see it becoming an big investment opportunity like typical classic car collectors are after.
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03-27-2017, 11:33 AM | #6 |
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If high value means maintains a large percentage of original MSRP then I can see that for ultra-low mileage vehicles only.
Example of my interpretation of high value would be this 1991 MR2 Turbo which sold for $18502 with 55,770 miles on the Bringatrailer Auctions. 1991 Toyota MR2 Turbo 55,770 miles That's not even what I'd considered ultra-low mileage but to compare, dealerships are selling 2013 FR-S with around 30k miles for that price. For comparison, a bone stock Nissan 240sx with the equivalent mileage (53k) didn't even meet the auction reserve at $7900. 1989 Nissan 240sx 53k Miles
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03-27-2017, 11:49 AM | #7 |
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I see these cars being in line with NA 300zx/240sx used value. Not great, but not terrible like the RX8.
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03-27-2017, 01:57 PM | #8 |
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it will be in the same boat as the S13/240SX, most examples will be cheap but the few unmolested ones will retain a solid value
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03-27-2017, 02:16 PM | #9 |
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It will be illegal to drive on public roads in 30 years and probably much sooner. So it doesn't really matter. This autonomous car business will be one of those paradigm shifts.
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03-27-2017, 02:35 PM | #10 |
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I doubt that will happen completely you would have to fully transform our infrastructure which our country can't even afford to fix bridges nor fix our traffic problems. Demolition Man future ain't happening anytime soon my friend.
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03-27-2017, 03:18 PM | #11 | |||
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http://bringatrailer.com/listing/1970-porsche-911e/ There were twice as many long hood 911's produced than Scion FR-S http://forums.pelicanparts.com/porsc...tion-data.html Will it beat the stock market, a basic retirement savings account, or a house in a good neighborhood? Fuck no. Will you be negative accounting for running costs? Absolutely. @Veloist I think you're right, in 20-30 years, the average well taken care of but regularly used 86 will be worth peanuts, just like 924/944, MR2's, 240sx's, RX-7's, MX-5's, 300ZX's, E30's, etc. are right now. But imo these value propositions are on a longer scale, things don't start to swing up until a car is past the 40 year old mark. Well kept NA Miata's and E36 M3's are creeping up past $10k if they have the right option package, the only way they slip back to <$5k for nice ones (like they were not too long ago) is if we have another economic meltdown. And who knows, we could all be scraping by looking like a 2nd world country by then, or decadently basking in the utopia of our creation, frittering away millions on toys like a 'classic sports car'. Quote:
Yes autonomous cars are happening, yes they will be ubiquitous within our lifespan (the younger of us anyway), but North America is a very large continent with lots of open space to traverse and a long way to go towards giving each citizen an autonomous transportation pod, let alone even adequately maintaining the infrastructure we have today. Maybe the old 'self drivers' will not be allowed on the latest and greatest super highway or high speed lanes, but there will be plenty of open backroads until the day I die. |
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03-27-2017, 03:30 PM | #12 | |
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Ya, if you search enough you can find examples of any car that went for more than the norm. I can find high mileage 60 Chevy sedans that go for big bucks as well. That doesn't mean they all are that value. If you calculate the inflation on the purchase price I bet if you owned that car since new you would lose money on that sale.
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03-27-2017, 04:06 PM | #13 | |
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http://media.caranddriver.com/files/...s-mar-1969.pdf http://www.caranddriver.com/comparis...omparison-test Which according to this calculator $7.7k in '69 is $51k in today's money: https://data.bls.gov/cgi-bin/cpicalc...969&year2=2017 You'd lose money accounting for running costs, but not on raw price of the car itself. The real base model 912 was tested at $5.7k, which would be ~$38k in today's dollars, here's two selling for just that with 78k and 108k on the clock: http://bringatrailer.com/listing/1969-porsche-912-6/ http://bringatrailer.com/listing/196...2-soft-window/ And here's one selling for much less: http://bringatrailer.com/listing/69-porsche-912/ And one for much more: http://bringatrailer.com/listing/1969-porsche-912-5/ Early 911's are my... interest. But I see these prices reflected in Mustangs and Camaros and even more lowly cars of the era (just like you said, some random Chevy sedan going for $20k+). The early to mid '70s don't seem to have taken off as well as I thought they would have, but to be fair it wasn't a great era. Consequently I think I may be a bit wrong on early '80s cars as well, but I think mid 80's onwards to the mid 90's are going to see a large upswing over the next 10-20 years. Go back 10 years and say "Man that 15 year old Miata in british racing green is going to be worth over $10k someday" and 95% of everyone would have laughed in your face. But here we are. http://bringatrailer.com/listing/199...ecial-edition/ http://bringatrailer.com/listing/1991-miata-se/ http://bringatrailer.com/listing/199...-racing-green/ http://bringatrailer.com/listing/199...-mx-5-miata-2/ |
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03-27-2017, 04:18 PM | #14 | |
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Ummmm I think we are both saying the same thing. If we say that in 30 years a 2017 86 will fetch $60K but account for inflation and cost of upkeep then it isn't exactly a "high value" car. I am not arguing they may have some value I just dispute the "high value" term being thrown around. And again the lower the mileage and better the condition the more they will bring in. You show that clearing with the cars you linked. IF the cars do go up in value the only way you will get top dollar is with one with vey few miles. I spent 16 hours watching the last Barrett Jackson action and was amazed at how the bottom has dropped out of some of the collectable cars. Newer mustangs were going for top dollar but old Vettes were being practically given away. The same thing can happen to any car as they seem to go in cycles. Next year at this time the same cars you linked could be half or triple those prices. To make the prediction that the 86 will command top dollar is pretty brave.
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