Every so often we like to visit the Hagerty Valuation Tool to see how the value of our cars our doing in their eyes. I think we all have began to see a general increase in many of the collector cars but has it impacted the Aero Fords and Mercurys? The answer appears to be mixed.
The Talladega is going strong but for the past few reports has began to flatten out. The graph below shows current results.
This graph shows that in August 2006 a condition #1 Talladega was valued at $61,500 and rose to $71,000 in April 2015. A condition #2 was $47,000 in 2006 and $61,500 in 2015. A condition #3 went from $34,800 in 2006 to $43,100 in 2015 while a condition #4 in 2006 went from $23,600 to $$25,200 in 2015.
Most of our really nice cars fall into the #2 condition. This represents a gain in value of $14,500 or an average of $1,600 per year. However, we can see by the graph that most of this gain occurred in the last 2 years. That is approximately a 3.4% return on the initial $47,000 investment back in 2006. That is not great but better than a savings account over the same period.
I am not sure how Hagerty arrived at these numbers but I don’t know many of us who paid $47,000 for a Talladega in 2006 or many who have paid $61,500 today. Although, this is in the range of recent high profile auction sales.
As for the Spoiler II prices, they have gone from a condition #1 in 2006 of $34,300 to $47,600 in 2015; a gain of $13,300 or 38.8% (4.3% per year average). The condition #2 Spoiler IIs went from $27,200 in 2006 to $34,400 in 2015. This was a gain of $7,200 or 26.5% (2.9% per year average).
Unfortunately, Hagerty does not provide info on the Spoiler.
What does it all mean? Enjoy your car and don’t consider it an investment. However, this hobby sure looks like a better financial investment than a set of golf clubs!