[Staff, 2022-12-08 13:39:21,
Start scouring online auctions or check your dad’s dusty shed for gems: Hagerty has lined up its list of the hottest enthusiast vehicles on its 2023 Bull Market List and your garage queen could be awaiting its moment of glory. Hagerty’s guidance this year includes vehicles from Suzuki, Chevrolet, Audi, Lamborghini, Nissan, Saab, Toyota, AMC, AM General and a Mercedes-Benz/McLaren collaboration.
Each year, the list features a different set of cars based on data from public and private sales, insurance valuations and historical trends. Men’s Journal noted that past Bull Market List selections typically beat overall market appreciation by an average of 14.5% per year. Here’s a statistic collectors can appreciate: 24 out of 51 total vehicles on past Bull Market roundups have appreciated more than 50% since appearing on the list.
The idea, Hagerty VP Larry Webster told Men’s Journal, was to establish an opportunity to enjoy collecting without losing a lot of money. Buy the car, enjoy the value appreciation, and then sell it for a profit.
“Buying a fun car while it’s on the way up means you can use and enjoy it while likely coming out ahead when it’s time to sell,” says Hagerty Vice President of Automotive Intelligence Brian Rabold.
Hagerty’s Bull Market List, from most to least expensive:
- 2004–2010 Mercedes-Benz SLR McLaren ($329,300–$380,700)
- 2001–2010 Lamborghini Murciélago ($302,700–$342,700)
- 2008–2015 Audi R8 (manual)…
To read the original article from news.google.com, Click here