Will the Subaru SVX be a Future Classic?

In the early 1990s, as the automotive world buzzed with the roar of muscle cars and the distinct lines of European coupes, Subaru quietly embarked on an ambitious journey. 

The mission was clear yet audacious: to carve a niche in the luxury grand tourer segment, a field dominated by established giants. 

The result was the Subaru SVX, a car that defied conventions and captured imaginations with its futuristic design and robust engineering.

From its radical window-in-window design to its sophisticated all-wheel-drive system, the SVX was Subaru’s bold statement of innovation and performance. 

Today, while it may not have the mainstream recognition of some of its contemporaries, the SVX stands as a beacon for collectors seeking the road less traveled. 

As we delve into the world of this unique classic, we uncover a story of ambition, design, and the relentless pursuit of something extraordinary. 

For the classic car enthusiast eyeing a potential investment that promises both joy and potential financial reward, the Subaru SVX is a tale worth exploring.

Unveiling the SVX

A Leap into Luxury

Recognized for crafting pragmatic and dependable all-wheel-drive vehicles, Subaru sought to boldly venture into the unexplored realms of the luxury performance market with the debut of the SVX.

Engineered to compete with the likes of established luxury coupes, the SVX was a daring departure from Subaru’s traditional lineup. 

It was a statement – a testament to Subaru’s engineering prowess and a challenge to the conventions of automotive design. 

With the SVX, Subaru didn’t just aim to join the luxury market; they aimed to redefine it, offering a unique blend of performance, sophistication, and all-wheel-drive capability.

Design and Features

Conceptualized by the renowned designer Giorgetto Giugiaro of ItalDesign, the Subaru SVX boasted a design that was nothing short of revolutionary. 

Its most striking feature, the window-in-window design—officially known as an “aircraft-inspired glass-to-glass canopy” – left onlookers and enthusiasts in awe. 

This unique design not only set the SVX apart aesthetically but also served practical purposes, reducing wind noise and allowing for partial window operation in rain or at high speeds. 

Beyond the windows, the SVX’s sleek, aerodynamic body and low stance exuded a sense of speed and elegance, while the interior didn’t skimp on luxury, offering a cockpit rich in comfort and advanced technology for its time. 

From the distinctive silhouette to the meticulous attention to detail, every aspect of the SVX was designed to make a statement, marking Subaru’s foray into luxury with boldness and unmistakable flair.

Performance and Engineering

Under the Hood

At the heart of the Subaru SVX lies a robust powerplant that harmonizes raw power with refined engineering. 

Equipped with a 3.3-liter, horizontally opposed six-cylinder engine, the SVX was not just Subaru’s most powerful car at the time but also a testament to their commitment to performance and reliability. 

Producing 230 horsepower and 228 lb-ft of torque, the engine, known as the EG33, drew from Subaru’s rich heritage in boxer engine design, ensuring a low center of gravity and balanced weight distribution – traits synonymous with superior handling and stability.

The SVX’s performance was further enhanced by Subaru’s sophisticated all-wheel-drive system, a feature that not only differentiated it from its peers but also showcased Subaru’s prowess in creating vehicles capable of tackling diverse driving conditions with grace and confidence. 

This all-wheel-drive system, combined with a four-speed automatic transmission, allowed the SVX to deliver a driving experience that was both exhilarating and composed, whether on straight highways or winding back roads.

Market Rarity and Collector Interest

Production and Rarity

The SVX is a rare gem in the automotive world, with its production numbers painting a picture of exclusivity. From its introduction in 1991 to the end of its production in 1996, only around 24,379 SVXs were produced globally. 

Specifically, in the United States, which was its largest market, a mere 14,257 units found their way to customers over the five-year production span, as detailed by sales data from Subaru.

It was even rarer in Europe, with just 2478 built for this market. And if it was rare in the ‘90s, you can bet your bottom dollar it’s even rarer now.

This limited production run inherently positions the SVX as a vehicle of rarity, enhancing its appeal among collectors and classic car enthusiasts. 

The SVX’s uniqueness is not just in its numbers but also in its distinctive design and engineering, factors that contribute significantly to its collectibility. 

With relatively few units on the road today, the SVX’s rarity is likely to influence its future collectibility positively. 

Current Market Trends

In the ever-evolving landscape of the classic car market, the Subaru SVX is witnessing an intriguing pattern in its valuation and collector interest. 

Over the last five years, the SVX has shown an overall upward trend in prices, signaling a growing recognition of its value among enthusiasts and collectors. 

This gradual appreciation reflects a wider acknowledgment of the SVX’s unique place in automotive history, although it’s certainly not hit the mainstream yet.

Despite this positive trajectory, the market has observed a slight dip in prices over the last 12 to 24 months. This fluctuation, however, is not necessarily a sign of dwindling interest but rather a natural ebb and flow that accompanies many niche classic cars in the market. 

It’s essential for potential investors to view this within the broader context of the car’s slowly increasing recognition and the cyclical nature of market trends.

The SVX currently remains an accessible investment for those looking to enter the classic car market or expand their collection. 

Good quality examples of the SVX are available starting at around $5,000 in the US, offering an affordable entry point for a car of its rarity and character. 

For collectors seeking the finest examples, with well-documented histories and in excellent condition, prices begin at around $10,000.

In regions like Europe and Australia that received only a handful of these cars from new, higher prices will be charged thanks to the rarity factor.

The market’s current stance on the SVX, with its combination of affordability and upward valuation trend, presents a compelling case for its consideration as a ‘bold bet’. 

Its status as a rare and distinctive vehicle, coupled with a price point that is welcoming to both seasoned collectors and newcomers, positions the Subaru SVX as a noteworthy contender in the realm of classic car investments.

Investment Insights

Potential for Appreciation

The investment allure of the Subaru SVX is not just in its current market value, but in its potential for appreciation. 

Several factors contribute to this potential, painting a promising picture for future valuation.

Rarity: With a relatively low production count, especially in markets outside of the US and Japan, the SVX is inherently rare. 

Rarity is a pivotal factor in classic car appreciation, as collectors often seek models that stand out for their limited availability. 

As the years go by, the number of well-maintained SVXs is likely to dwindle, potentially increasing the value of those that are well-kept.

Condition: The state of an SVX greatly influences its value. A well-preserved SVX, especially models with lower mileage and a documented maintenance history, can command a premium in the market.

However, with its low market value, many examples of the SVX have unfortunately been abused and left to deteriorate.

As with all classic cars, originality is key – an SVX with original parts and factory specifications will be more desirable to collectors.

Market Demand: While the SVX may not have the same mainstream recognition as some classic sports cars (hence its inclusion as a ‘bold bet’, it has a dedicated following among those who appreciate its unique attributes. 

As more automotive enthusiasts become aware of its distinctive design and performance features, demand could increase. 

The market for unique, niche vehicles often sees a surge in interest as tastes evolve and new collectors enter the market seeking something different from the usual classics.

Cultural Factors: The appreciation of ’90s vehicles is on the rise, with more collectors looking to revisit the era of their youth. 

The SVX, with its distinct ’90s design and technological features, stands to benefit from this wave of nostalgia.

Considering these factors, the Subaru SVX shows promising potential for appreciation in value. 

Buying Tips

Investing in a Subaru SVX can be a rewarding experience, but like any classic car purchase, it requires due diligence and an understanding of what to look out for.

Here are some succinct buying tips to help potential buyers make an informed decision:

1. Model Years and Variations:
   • Pay attention to the model year as there were slight variations throughout its production run from 1991 to 1996. Earlier models are often more coveted, but later models may have benefitted from refinements and tweaks based on earlier feedback.
2. Known Issues:
   • Transmission: The SVX is known for potential issues with its automatic transmission, particularly overheating and wear under high stress. Ensure the transmission shifts smoothly and check service records for any work or replacements.
   • Wheel Bearings: Listen for unusual noises from the wheel bearings, as these are known to fail and can be costly to replace.
   • Engine Seals and Gaskets: The boxer engine’s seals and gaskets, especially the head gasket, can be prone to leaks. Inspect for any signs of oil leakage or recent repair work.
3. Maintenance and Service History:
   • A well-documented service history is crucial. Regular maintenance is key for the longevity of the SVX, especially given its unique engineering.
   • Check for routine replacement of fluids, belts, and the timing chain. Proper and timely maintenance can mitigate some of the common issues associated with the vehicle.
4. Body and Frame Inspection:
   • Thoroughly inspect the body for rust, especially in areas prone to moisture accumulation. Ensure that the unique window-in-window glass is intact and functional, as replacements can be challenging to find.
5. Aftermarket Modifications:
   • Be cautious of SVXs with extensive modifications. While some upgrades might be beneficial, others can detract from the car’s value and potentially introduce reliability issues. A largely original car is typically more desirable in the collector’s market.

Emotional and Nostalgic Appeal

The allure of the Subaru SVX extends beyond its mechanical specifications and market value; it resonates on a deeper, more emotional level that is quintessential to the classic car experience. The SVX is a narrative of bold ambition and distinctiveness, a tangible manifestation of the 90s era’s spirit of innovation and style.

Design as Art: The SVX’s design is a statement piece, an artwork on wheels. Its window-in-window design, sleek aerodynamic lines, and futuristic aesthetic capture the imagination and harken back to a time of daring automotive creativity. 

For many enthusiasts and collectors, the SVX is more than a car; it’s a piece of automotive history that represents the boldness of its era.

Performance with Character: Driving an SVX is not merely about going from point A to point B; it’s an experience, a journey in itself. The feel of the powerful boxer engine and the confidence of the all-wheel-drive system deliver a driving sensation that is uniquely engaging. 

For those who value the driving experience as much as the car itself, the SVX offers a performance that is rich in character and satisfaction.

Nostalgia and Rarity: For many, the SVX evokes a sense of nostalgia, a reminder of the 90s and the era’s distinctive approach to car design and technology. 

This nostalgia, coupled with the car’s rarity, creates a potent emotional appeal. Collectors and enthusiasts are reclaiming a piece of history, a token of an era that shaped today’s automotive landscape.

Community and Belonging: Owning an SVX often means being part of a community, a group of like-minded individuals who appreciate the car’s uniqueness and share stories, experiences, and knowledge. 

This sense of belonging adds another layer to the car’s appeal, turning the ownership experience into a shared journey, a collective celebration of the SVX’s legacy.

In essence, the Subaru SVX’s appeal lies in its ability to connect on an emotional level, offering a blend of design, performance, nostalgia, and community that is rare and cherished in the classic car market. 

The Verdict

Throughout this exploration of the Subaru SVX, we’ve uncovered a vehicle that stands apart in the automotive landscape, a bold expression of Subaru’s innovation and design prowess. 

The rarity of the SVX, highlighted by its limited production numbers, positions it as a potential gem in the classic car market, offering exclusivity that is increasingly sought after by collectors. 

Despite it currently going under the radar in the collector’s market, the generally positive upward trend in its market value, coupled with its current affordability, presents an enticing proposition for those looking to make a ‘bold bet’.

I have to admit, before researching the SVX for this article, it wasn’t a car that I knew much about. 

And I’d hazard a guess it’s the same for many other car investors. Unless you go looking for it, it can be easily missed.

The benefit of this is that good examples can still be bought for what looks like a snip at the moment. It’s a compelling choice for the discerning investor looking to diversify, or the first-time investor looking for something out of the ordinary.

While its potential is yet to be recognized by the mainstream, its distinctive character and growing cult following make it a risk that comes with the potential for significant reward.