The Early Bronco now rates as the #1 appreciating classic vehicle! Here are the Hagerty Vehicle Rating (HVR) top 25 vehicles:
1966-1977 Ford Bronco, 99
1976-1986 Jeep CJ-7, 96
1973-1987 Chevrolet C/K Series Pickup, 95
1945-1968 Dodge Power Wagon, 95
1969-1972 Chevrolet C/K Blazer, 94
1949-1967 Volkswagen Beetle, 94
1947-1955 Chevrolet 3100, 93
1953-1954 Chevrolet 210, 91
1973-1991 Chevrolet Suburban, 91
1994-1998 Porsche 911, 91
1966-1973 Triumph GT6, 89
1976 Porsche 912E, 89
1981-1986 Jeep CJ-8 Scrambler, 89
1961-1963 Ford Thunderbird, 89
1969-1972 Pontiac Grand Prix, 89
1960-1966 Chevrolet C/K Series, 88
1968-1970 Plymouth GTX, 88
1949-1952 Chevrolet Styleline, 88
1973-1979 Ford F-Series, 88
1966-1983 Fiat 124, 1983-1985 Pininfarina Azzurra, 88
1968-1971 BMW 2800CS, 1972-1975 3.0CS, 87
1946-1949 Willys-Jeep CJ-2A, 86
1973-1991 Chevrolet C/K Blazer, 86
1967-1972 Ford F-Series, 86
1990-1993 Chevrolet 454 SS Pickup, 86
For more information about Hagerty valuations, visit the company website.…
This story is from Bloomberg. Enjoy!Photographer: The Enthusiast Network/The Enthusiast NetworkCARS
Buy a Vintage Ford Bronco Now, Before They Cost More Than $100,000Yes, your dad’s beater that once cost $2,400 is a highly coveted artifact these days.by
Last week in Arizona, car fans spent $259.8 million on vintage and collectable vehicles at the famous Scottsdale auctions.
It was $9 million more than last year, thanks largely to the success of million-dollar Ferraris and Jaguars, a group that saw double-digit increases in both the sell-through rate and the average sale price vs. 2016.
Less expectedly, the market for cars below $100,000 saw record sell-through rates and above-market sale prices, too. This was true especially when it came to mainstream domestic cars such as the first-generation Ford Bronco.
“This interest has been surfacing for a while—the younger buyers love vintage SUVs,” said Jonathan Klinger, a spokesman for Hagerty, a Michigan company that insures vintage and collectable cars.
Barrett-Jackson alone sold 12 of them in Scottsdale (“Interest in them continues to grow,” said Craig Jackson, chairman and chief executive officer of the eponymous auction house), with 21 offered throughout all auction houses for the week.
Their values have risen as well: The current average value of one in perfect condition is $47,025, according to Hagerty, vs. $23,400 five years ago. For one in drivable and generally good condition, but not perfect, the value is $29,188 vs. $14,500 five years ago.
To wit: A rare and highly restored 1968 Ford Bronco Custom pickup sold for $82,500 at the Barrett-Jackson in Arizona, and Mecum sold one in Florida last week for $110,000, a world record price for a special edition Bronco. (The world record for any Bronco sold at auction is $500,000, for a 1969 Bronco sold in 2013.)
It all seems to indicate a new norm in the collector market today. While baby boomers dream of vintage muscle cars, millennials with money to spare want vintage SUVs. (And Ford is betting they’ll want new ones, too; an updated Bronco is expected to roll off production lines in 2020.)
Ford’s Old Faithful
The “first-generation” Broncos that Ford made from 1966 to 1977 are by far the most coveted. These were the cool metal squares set high on big, knobby rubber tires, often with no top at all.