The value of collectible cars has increased 33% since 2009 as the collector car market rebounds from the recession. Collector cars have proven to be good investment vehicles during this time. High-end classic cars like Duesenbergs and Tuckers regularly sell for over $1 million as the collector car market sees renewed strength.
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A bull market for collector cars fuels 33% surge in values since 2009 recession
1. A bull market for collector cars - latimes.com 5/23/12 11:29 AM
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A bull market for collector cars £ Connect OQ^
One gauge shows the value of collectible cars has risen 33% since the depth of the recession in Recommended on Facebook R Like 232k
2009. The growth has been fueled by the finding that they have performed well as investment
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This 1930 Duesenberg Model J was recently sold for $2.6 million. It has passed in and out of several collections and
undergone several restorations. The car was in the collection of Orange County home builder William Lyon before Review: Hyundai
being sold to other collectors in recent years. (Pawel Litwinski, Gooding & Co. / May io, 2012)
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ALSO By Jerry Hirsch, Los Angeles Times
May 10.aota 15:51 p.m.
The collector car market, which slumped with the economy, AlltO sllOW DllOtOS'
is coming back along with the rest of the auto industry.
But don't expect to pick up a classic Tucker or Duesenberg
Photos: Used classic cars that sold for without ponying up money like a Facebook executive. Many
millions of these cars are selling for well over $1 million.
By one measure, the value of collectible cars has surged 33% Detroit Auto Show »
since the depth of the recession in 2009. The Hagerty
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