Join Date: Jul 2004
Location: Montreal (the city, not the car)
I believe we are in the middle of a speculative bubble specific to GTVs.
Last week, I spent some time playing with Hagerty's valuation curves. According to their figures, the value of a 2000 GTV has climbed from $37K to $51K over the last year for a car in condition 3, and from $85K to $122K in condition 1. (Bear in mind I used Hagerty.ca, these are Canadian dollars. Remove 25% for US) In both cases, this is an application of around 40%.
I have not been able to find another import with a similar appreciation. Giulia Supers, GTV6s, BMW 2002s, 240Zs, have all been pulled up by about 10%; British cars such as MGBs, Elans, have fairly flat curves. Very sought after models such as E Types and 911s have hit a ceiling around 2015 and are pretty stable since; a car such as a 1972 911T was actually worth a bit more 3 years ago.
Also bear in mind that cars in condition 1 and 2 see the strongest upwards swings; but that a condition 1 car is a Pebble Beach trailer queen, and that most of our cars are around no. 3 and below.
I should be happy, my GTV is worth around $50K. But somewhere, I lost something since the days I used to buy Alfas for a couple grand, keep them in good running shape and happily drove them everywhere.
1974 2000GTV; 1982 GTV6 Balocco #194