As spring emerges across much of the country, classic car aficionados are uncovering their vehicles and taking them out for a spin. Some of the more popular classics include the Ford Mustang GT, Chevrolet Corvette convertible and the Dodge Charger R/T coupe.
Black Book, which provides independent vehicle pricing to the automotive industry, had their valuation specialists analyze a number of cars, and what they found might make you think twice about the vehicle you purchase today and its possible worth in the future.
The manufacturer's price for these and many other classic vehicles was usually under $10,000, but in today's market, they can be valued at anywhere from $100,000 to well over $1 million. Why are they so valuable?
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Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
