Hagerty’s RADindex reveals a significant appreciation in the value of classic cars from the 1980s and 1990s, showcasing the growing collector interest in this era’s automobiles.
The RADindex indicates a 70% increase in value over five years for selected classic cars, outperforming other collector car indices and the S&P 500.
Cars like the 1990 Chevrolet Camaro IROC and the 1990 Ford Mustang GT have seen notable gains, while some high-end models adjust from previous highs.
The index provides insights into the market dynamics for classic cars, confirming a trend towards collectibility for once-common models of the ’80s and ’90s.
The automobile industry has witnessed a fascinating trend, as highlighted by Hagerty through their RADindex. This newly created index has been designed to monitor and understand the market movements of cars manufactured between 1980 and 1999, a period that is currently experiencing a surge in collectability and value. The RADindex, which evaluates the condition of popular vehicles, suggests an average value just shy of $73,000, emphasizing the allure these machines hold for enthusiasts.
Over the past half-decade, the RADindex has climbed by an impressive 70%, a growth that not only surpasses other Hagerty collector car indices but also eclipses the S&P 500’s performance in the same timeframe. This remarkable growth is speaks to the increasing desire for automotive nostalgia and the quality of vehicles from the late 20th century.
In particular, models such as the 1990 Chevrolet Camaro IROC and the 1990 Ford Mustang GT have enjoyed an uptick in value, 18% and 20% respectively, in just the last year. These cars resonate with collectors due to their accessibility and iconic status, marking a stark contrast to more luxurious counterparts which are experiencing a reevaluation of their value after substantial gains.
Despite a relatively stable market in the last 12 months, where the index saw a modest 3.1% increase, the attention towards these cars remains high. For those who have not yet paid attention to this segment, there could be missed opportunities, as these vehicles not only represent automotive history but also an investment potential.
Hagerty’s RADindex might present as a crucial tool for collectors and investors alike, offering a clear perspective on the shifting landscape of car collectibility and the enduring legacy of ’80s and ’90s models.