In a challenging 2023 market, we watched as some unlikely classic cars didn’t just hold their value; they sprinted ahead in the appreciation race.
Using our extensive classic car market data, we’ve identified 10 cars that have shown the early signs of significant appreciation in 2024.
In a world where automotive assets fluctuate wildly, these cars have shown a steady climb in value throughout the year, defying the odds and, in some cases, outpacing traditional investments.
So, let’s hit the gas and take a journey through the top 10 cars that are set to appreciate in 2024.
Whether you’re a car enthusiast, an investor, or someone who simply appreciates the finer things in life, this list is your roadmap to making an informed, exciting, and potentially lucrative choice in the 2024 classic car market.
1. Saab 9000: The Underrated Gem
Why It’s a Smart Buy:
The Saab 9000 – a name that may not dominate headlines like its flashy contemporaries, but therein lies its unique charm.
This Swedish marvel, with its understated elegance and engineering prowess, is a classic waiting to be rediscovered.
2023 saw the Saab 9000 quietly climbing the ladder of appreciation, much like a sleeper hit in the movie world.
It’s the kind of car that turns heads for its rarity and nostalgia, rather than ostentatious displays of wealth.
What Makes It Special?
The Saab 9000, with its quirky yet functional design, offers a glimpse into an era when cars were built with a purpose beyond just speed or luxury.
Its spacious interior, turbocharged performance, and robust build quality speak to those who appreciate a blend of practicality and performance.
But the real allure of the Saab 9000 lies in its story. Owning one isn’t just about having a car; it’s about preserving a piece of automotive history.
This car tells a tale of innovation, of a brand that dared to be different.
From an investment standpoint, the Saab 9000 is an attractive proposition. The growing Saab cult following means that demand is steadily increasing, but supply remains limited.
This dynamic is a classic recipe for appreciation in value. Plus, its affordability today makes it an accessible entry point for those looking to start a classic car collection.
If you’re seeking a car that combines personality, performance, and potential for appreciation, the Saab 9000 is a choice that’s as smart as it is stylish. It’s a statement – a statement that says you value uniqueness and foresight.
2. Shelby Mustang GT350 1st Gen: American Muscle Royalty
Unleashing the Power of Heritage:
The Shelby Mustang GT350 – a name that resonates with raw power and timeless allure. It’s a legend on four wheels, a symbol of American muscle at its finest.
The first-generation GT350 is a piece of automotive history that continues to captivate enthusiasts and collectors alike.
Why It Stands Out:
Think of the GT350 as a masterpiece of American engineering. Its throaty V8 roar is a symphony to car lovers, and its iconic design is a visual feast.
This Mustang variant, crafted under the watchful eye of Carroll Shelby, was designed for more than just cruising – it was built to conquer both roads and racetracks.
In 2023, the GT350 has not just maintained its value; it has accelerated in the collector’s lane.
Its blend of performance, rarity, and historical significance makes it a highly sought-after piece, a badge of honor in any collection.
The investment appeal of the first-gen Shelby Mustang GT350 is as robust as its build. Its limited production run adds to its exclusivity, and its storied racing heritage ensures that its legacy continues to fuel its value.
The Collector’s Dream:
Owning a first-gen Shelby Mustang GT350 is like holding a piece of American history in your garage. It’s a dream for many, attainable for a few, and a pride for those who understand its worth.
This car is about owning a chapter of automotive lore that will never fade.
For those looking to combine their passion for cars with a wise investment, the Shelby Mustang GT350 1st Gen stands as a towering choice.
Its value goes beyond the market; it’s a heart-pounding, soul-stirring experience that only a true American classic can offer.
3. Nissan Be-1: The Eccentric Icon
Embracing Quirkiness and Rarity:
The Nissan Be-1 – it’s the automotive equivalent of a hidden gem in an antique shop. It’s a conversation starter, a statement of individuality.
In a sea of mass-produced vehicles, the Be-1 is a beacon of uniqueness.
Why It’s a Collector’s Delight:
Released in the late 1980s, the Nissan Be-1 was part of Nissan’s Pike series, known for their retro-futuristic design and limited production.
With its playful, almost toy-like appearance, the Be-1 breaks away from conventional car design, offering a refreshing take on automotive aesthetics.
In 2023, the Be-1 has quietly risen in the ranks of collectible cars. Its rarity and distinctive style have caught the eyes of collectors who seek something beyond the usual classics.
The Be-1’s appeal as an investment lies in its rarity and the growing interest in unique, retro-styled cars. Its limited production run ensures that it remains a rare sight on the roads, making it a prized possession for collectors.
As appreciation for distinctive designs from the ’80s and ’90s grows, the Be-1 stands out as a smart choice for investors looking to diversify their portfolio with something unconventional.
What Sets It Apart:
Owning a Nissan Be-1 is like owning a piece of Nissan’s bold experimentation in car design.
It’s for those who appreciate the quirky side of the automotive world, who enjoy the blend of retro charm and modern engineering.
The Nissan Be-1 is a testament to Nissan’s creative spirit and a nod to the era of playful design.
For investors and collectors, it represents an opportunity to own something that stands out not just for its looks but for its story. It’s a car for the daring, the different, and the discerning.
4. Alfa Romeo 164 Quadrifoglio: Italian Elegance Meets Performance
A Blend of Style and Speed:
The Alfa Romeo 164 Quadrifoglio – a name that conjures images of Italian craftsmanship fused with exhilarating performance.
This car is about the journey, the experience, and the sheer joy of driving.
Why It’s Gaining Attention:
The 164 Quadrifoglio, the high-performance variant of the Alfa Romeo 164, stands as a testament to the golden era of Italian sports sedans.
Its slick lines, distinctive front grille, and the roar of its powerful engine are more than just features; they are the essence of passion and precision that Alfa Romeo is renowned for.
Throughout 2023, the 164 Quadrifoglio has seen a resurgence in popularity, its value steadily climbing as enthusiasts and collectors rediscover the allure of this Italian masterpiece.
What makes the 164 Quadrifoglio a smart investment? It’s a combination of its rarity, performance, and the growing nostalgia for classic Italian sports cars.
As more collectors turn their eyes towards the unique offerings of the late 20th century, the 164 Quadrifoglio emerges as a star, promising not just a thrilling drive but a wise investment.
The Collector’s Perspective:
Owning an Alfa Romeo 164 Quadrifoglio is about embracing the spirit of Italian automotive artistry.
It’s for those who appreciate the blend of luxury and performance, who understand that a car can be both a work of art and a precision machine.
For those looking to inject some Italian flair into their collection, the Alfa Romeo 164 Quadrifoglio is an exquisite choice.
Its combination of elegance, power, and rarity make it a compelling addition to any collection, sure to appreciate in value as it continues to capture hearts and imaginations.
5. Cadillac 75 Series (9th Gen): The Epitome of American Luxury
Reviving the Grandeur of Classic Luxury:
The Cadillac 75 Series (9th Gen) – a car that redefines luxury. It’s a rolling statement of prestige and grandeur, a nod to the golden age of American automotive opulence.
Why It’s a Standout:
The 9th generation of the Cadillac 75 Series, spanning the late 1970s and early 1980s, embodies the essence of classic American luxury.
With its imposing presence, expansive interior, and attention to detail, this Cadillac is more than just a mode of transport; it’s an experience, a journey back to a time when size, style, and status were king.
In 2023, this series re-emerged as a favorite among collectors, appreciated for its historical significance and its timeless elegance and craftsmanship.
What makes the 9th Gen Cadillac 75 Series an appealing investment? It’s the combination of its rarity, its iconic status in American car culture, and the growing appreciation for classic luxury cars.
As vintage car enthusiasts look back to the eras of lavish design and unparalleled comfort, the Cadillac 75 Series stands out as a shining example.
A Collector’s Dream:
Owning a Cadillac 75 Series from this era appeals to those who value the grandeur and craftsmanship of a bygone era, and those who see cars not just as vehicles but as symbols of an epoch.
For collectors and investors alike, the Cadillac 75 Series (9th Gen) represents a unique opportunity to own a piece of American luxury car heritage.
Its blend of classic design, luxurious comfort, and historical significance makes it a standout choice for those looking to add a touch of classic American elegance to their collection.
6. Mitsubishi Lancer Evo V: The Rally-Bred Road Warrior
Unleashing Performance and Precision:
The Mitsubishi Lancer Evo V – a car that takes the thrill of rally racing and packages it for the road. It’s a symbol of adrenaline-pumping performance and engineering mastery.
Why It’s a Powerhouse on the Rise:
Introduced in the late 1990s, the Lancer Evo V marks a high point in Mitsubishi’s rally legacy.
Its aggressive styling, turbocharged power, and all-wheel-drive prowess make it a favorite among those who crave the exhilaration of a rally car combined with the practicality of a sedan.
As we moved through 2023, the Evo V has seen a steady increase in popularity and value.
Its status as a modern classic, combined with its raw performance and increasing rarity, has catapulted it into the spotlight of desirable collector cars.
What makes the Lancer Evo V an enticing investment? It’s the blend of its cult status, performance pedigree, and its significance in the evolution of performance cars.
As younger collectors enter the market, vehicles like the Evo V, which blur the lines between road and rally, become increasingly sought after.
The Enthusiast’s Choice:
Owning a Mitsubishi Lancer Evo V is about embracing the spirit of competition and the joy of driving. It’s for those who appreciate the fusion of speed, agility, and practicality, and who understand the allure of a car that can dominate both on the track and on the street.
The Mitsubishi Lancer Evo V is a thrilling investment prospect. It promises a driving experience like no other, steeped in a rich racing heritage.
For those looking to add excitement and potential appreciation to their collection, the Evo V is a standout choice, a car that embodies the heart and soul of rally racing.
7. Peugeot 404: The Quintessence of French Elegance and Reliability
A Journey into Timeless Charm:
The Peugeot 404 – it’s a symbol of enduring French elegance and engineering reliability. This model, an icon of the 1960s and 1970s, exudes a charm that transcends time, a testament to the classic design and durability.
Why It’s a Cult Classic:
The 404 captures the essence of a bygone era of automotive design – simplistic, elegant, and incredibly functional.
Its popularity throughout 2023 can be attributed to its timeless aesthetics, robust build, and the nostalgia it evokes.
What sets the Peugeot 404 apart as an investment? It’s the blend of its historical significance, the increasing rarity of well-preserved models, and the growing affection for vintage European cars.
The 404’s reputation for durability also means that many units have survived in good condition, making them attractive for collectors seeking both beauty and longevity.
The Collector’s Perspective:
Owning a Peugeot 404 is about preserving a piece of French automotive history. It appeals to those who appreciate the elegance of classic European design and the reliability of tried-and-tested engineering.
It’s a journey into the heart of French automotive culture.
For those looking to immerse themselves in the world of classic cars, the Peugeot 404 offers an exquisite blend of style, history, and durability.
Its rising popularity and potential for appreciation make it a compelling choice for collectors and enthusiasts alike.
8. Oldsmobile 88 (8th Gen): The American Classic Reborn
Rediscovering Automotive Excellence:
The Oldsmobile 88 – a name that resonates with the glory of American automotive craftsmanship.
This generation, spanning the late 1970s, represents a pivotal moment in the Oldsmobile legacy, blending classic design with emerging modernity.
Why It’s a Rising Star:
The 8th generation Oldsmobile 88 struck a chord in 2023, captivating enthusiasts and collectors alike.
Its distinctive styling, comfortable ride, and robust performance capture the essence of American car culture from an era when size and comfort ruled the roads.
What makes the 8th Gen Oldsmobile 88 a smart investment? It’s the combination of its historical significance, its appeal as a classic American cruiser, and its growing scarcity.
As collectors seek to diversify their portfolios with unique pieces from American automotive history, the Oldsmobile 88 emerges as a standout choice.
A Collector’s Dream:
Owning an Oldsmobile 88 from this era appeals to those who cherish the grandeur of traditional American design and engineering, a car that stands as a testament to an age of automotive extravagance.
For collectors seeking to add a touch of classic American luxury and style to their garage, the Oldsmobile 88 (8th Gen) offers an unmatched opportunity.
Its blend of iconic design, comfort, and historical value makes it a compelling addition to any collection, promising appreciation both in monetary value and in nostalgic appeal.
9. Audi S6 (C4): The Fusion of Performance and Sophistication
Embracing German Engineering at Its Finest:
The Audi S6 (C4) – a vehicle that seamlessly combines performance with luxury, embodying the pinnacle of German automotive engineering.
This model, from the 1990s, stands as a testament to Audi’s commitment to excellence in both power and design.
Why It’s Gaining Momentum:
In 2023, the Audi S6 (C4) captured the attention of enthusiasts and collectors, primarily for its understated yet powerful presence.
It represents an era when cars were designed for both the driver and the connoisseur, offering a refined driving experience without compromising on performance.
The investment appeal of the S6 (C4) lies in its blend of versatility, performance, and growing rarity.
It’s a prime example of a modern classic – a car that bridges the gap between the traditional and the contemporary.
As appreciation grows for 90s-era performance vehicles, the S6 (C4) stands out as a smart choice for those looking to invest in a piece of automotive history with a modern twist.
A Collector’s Perspective:
Owning an Audi S6 (C4) is about appreciating the finer things in automotive design and engineering.
It’s a car for those who understand that true luxury lies in the details – the precision of the engineering, the quality of the materials, and the balance of power and comfort.
For those looking to add a touch of German engineering excellence to their collection, the Audi S6 (C4) offers a unique opportunity.
It combines the thrill of performance with the elegance of luxury in a package that’s increasingly rare and sought after. This Audi is a statement of sophistication and power.
10. Porsche 924 Carrera GT: The Culmination of Style and Speed
Experiencing the Pinnacle of Sports Car Heritage:
The Porsche 924 Carrera GT – a vehicle that epitomizes the fusion of style and speed, marking a significant chapter in the storied history of Porsche.
This model, a rare gem from the early 1980s, is a showcase of Porsche’s relentless pursuit of sports car perfection.
Why It’s a Collector’s Jewel:
In 2023, the Porsche 924 Carrera GT emerged as a highly coveted piece among collectors and enthusiasts.
Its sleek design, impressive performance, and the rarity make it a standout in the world of classic sports cars.
This Porsche is a piece of automotive art, a testament to the brand’s racing heritage and engineering prowess.
The 924 Carrera GT’s value as an investment lies in its unique position in Porsche’s lineage.
Its limited production numbers, links to motorsport, and the growing appreciation for Porsche’s history contribute to its potential for significant appreciation in value.
A Symbol of Automotive Excellence:
Owning a Porsche 924 Carrera GT means embracing a legacy of excellence.
It’s a car for those who appreciate the finer aspects of automotive design and performance, who understand the value of a vehicle that combines historical significance with driving pleasure.
As we conclude our journey through cars set to appreciate in 2024, the Porsche 924 Carrera GT stands as a fitting finale.
It encapsulates the essence of what makes a car more than just a vehicle – it’s a passion, a piece of history, a work of art, and a smart investment.
For those who seek to combine their love for cars with a keen investment eye, these ten vehicles represent not just a collection of cars but a portfolio of potential and excitement.