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Hagerty
Hagerty Employee

5 cool cars treading water in hot market

Your take on rising values in the car market over the last two years may depend on perspective. What you had in your garage before COVID versus what you've wanted to add to your garage in the intervening years can be all the difference between a positive outlook and a slightly more skeptical one.
https://www.hagerty.com/media/market-trends/5-cool-cars-treading-water-in-hot-market/
53 REPLIES 53
hyperv6
Racer

The TA is at a high price already and two they are not traded often.

With less than 700 made they are a true rare car vs so many that claim the same at much higher volumes.
audiobycarmine
Technician

Treading water appears to be somewhat relative:
the Ferrari and Trans-Am tread best in a yacht.
PLeder
Pit Crew

Written by an optimist in a rapidly declining market. $15k for a rubber bumper MGB? Don't think so.
Isaiah1000
Intermediate Driver

I'm on my third MG and this comment actually made me laugh out loud
Beachbum
New Driver

I had to smile as well...I assume the author meant that you could buy 2 for $15k....
PRScott
Instructor

and use them as parts cars for your pre-1974
Isaiah1000
Intermediate Driver

I'd bought off on the Volvo's being sporty, so when I was looking for a car I went and test drove one. It was a fan boys, and supposedly a little uprated. In my opinion, it didn't feel sporty at all; in any way really. I was hopeful, cash in hand. Left scratching my head.
Tinkerah
Engineer

Not really surprised. They're always shown on commercials carving up traffic but buyers choose them for the safety so they're usually the slowest things on the road.
DaveH
Detailer

Perhaps "chose" would be a better term. A prior friend would always buy these old Volvos "because they're safer than anything on the road", and believed that hype even until ~2015 or so when I last spoke to him.
Despite me pointing out that car safety had developed exponentially in the last 50 years since the Volvo was designed, and showing him a video of a head on crash with a small city car (the city car crash dummies won) he refused to believe it.

If he drove them because he liked the style- that's fine- but fooling himself with the safety reasons is just dumb.
MeanMrMustard
Intermediate Driver

These Volvos seem to have like an anti-establishment cachet. So many young people embrace them as some kind of icon when they were actually pretty boring but now all of a sudden boring is cool and I don’t get it. And you can post a butt ugly patinaed rusted out one on Instagram and they will fall all over it like J Lo naked. To each their own but .. eh?
Snailish
Gearhead

Since the 1986 Taurus everything that has followed has gotten smoother and more jellybean. There's been some nice things, some retro things, but not really anything mass-market that is angular or boxy.

Old Volvos are boxy and have multigenerational cult following singing their praises. The ones we are talking about don't read as sporty...at all, but that isn't the point of them.

If you make yours drive sporty it is a sleeper and that is fun too. People are more likely to use them as a camper, long haul traveler or fun commuter. I think these are some of the factors in a younger crowd liking them in a sea of older people driving the more predictable Camaros, etc. as the fun vehicle.
jimliberty
Intermediate Driver

I bought a GT new. It was one of the best cars ever. Loved the OD on the shift knob. ..........Jim.
LIBERTY MOTORSPORTS
Bill_Board
New Driver

Rubber bumper MGs, no thanks but the Wildcat is cool
Gary_Bechtold
Specialist

Anything with a Buick V8 in the 60's is interesting.

1969 Pontiac Trans Am is a great car but way beyond my means to even think about.
Beachbum
New Driver

Just a note tying the Buick to the MGB...in the 70's the MG was suppose to get a Buick 8 cyl engine....that would have been interesting!! 🙂
RJMatt
Intermediate Driver

It did! The MG with the rover V8, based on the aluminum Buick, was produced for a little while. But it was not a "B", as it came in coupe' body only.
Side note, at 16 years old, I drove my dads '52 IH pickup some times. It had the Wildcat running gear in it, and would/did hit 140mph on a corrected SW speedo. VERY fun truck to drive for a high school kid!!
Corkola
Intermediate Driver

Coupe bodies are still MGB's and the model you're referring to is the MGB-V8 which was not available in the U.S. Installing a Rover/Buick/Olds V8 into a 75 or later MGB is not that difficult and there are many that have been converted. Cheers!
Rider79
Technician

A friend's father, about 1970, swapped a Buick 215 aluminum V8 into a Sunbeam Alpine. That made for an interesting little car.
brouggly
Pit Crew

A swap to a Buick V6 was often done. I've seen several at British car meets over the years. Owners I spoke with raved about them.
I hadn't heard about V8s. That would be a real "Shoehorn Job" I guess.
MustangJim
Technician

I agree with most on the Trans Am. Its valued so high already and there are so few, of them. @hyperv6, good point about so few that they are not changing hands very often. I'll bet that if one came to austion today that was pristine the numbers could quite possibly shoot a lot higher.
I am surprised about the Wildcat, those we're very cool cars and you do not see many of them .
Pegleg01
Detailer

The MGB's were pretty much junk when new, they can't be much better 45 years on.
Uncle_Doug
Intermediate Driver

In my experience, British sportscars and motorcycles are always an ongoing project, requiring more maintenance than most vehicles, especially those from Japan, but they have a unique styling that (almost) justifies the extra effort 🙂
JD-Me
New Driver

Well that's sort of the point to them, you are inheriting a hobby not transportation 😉

brouggly
Pit Crew

Yes, I've always "had a thing for" British cars. Owning a Jag for a few years kind of got me over that.
I even know some of the jokes: Know why the British never made TVs? Couldn't figure out how to make them leak oil. 😉
jdwilker
Pit Crew

I drove my '67 MGB for 23 years - 10 of those years it was my daily driver. One of the most reliable cars I ever had.
OldBird
Intermediate Driver

Hey, I drove my '67 MGB for 22 years! Daily drove it a bit, but not as long as you. At any rate, it never failed me either. It really was a great car...
Uncle_Doug
Intermediate Driver

I would love to own any 4 of the 5......but what the heck is a dowdy old Volvo doing on any list of desirable cars? Other than for participation in a demolition derby, I can see no other use for one.
OkJustOneMore
Intermediate Driver

My boss had one. Always in the shop. Engine rebuilds etc. Boring car.
krdale
Intermediate Driver

Had a 76 242 . . . not the GT unfortunately.
Had the cam reground & it really woke the B20 injected engine up. Used to blow by the 3 series BMWs on the hills coming home from skiing at Whistler. 4 speed with electric overdrive. Sold it to my son who sold it to his buddy who sold it to his girlfriend. Last time I saw the care it had over 300,000 miles on it.
In the 70s a guy raced a 71 242E at Westwood . . . it was quite competitive in its class, still a few in the vintage race events today.
ThePorscheMan
Detailer

'71 woulda been a 142.
RagtopJunkie
Intermediate Driver

That Volvo may be many great things, but cool has never been one of them.
MustangJim
Technician

The 242 GT was actually pretty cool in its day. At least I thought so

Olds34dude
Intermediate Driver

…but not as cool as the 123GT!
Smasher
Intermediate Driver

I know the 69 TA was the first and is pretty cool, but I have always thought the 1970 Trans Am much more attractive. Those later 70's black TA's are plenty hot on BAT too.
Maestro1
Technician

Frankly out of all of them based on easy servicing and availibility of parts I'd choose the Buick which I would not buy at that price. Having said that, we've had several Volvos in
the family and everybody enjoyed them. Most were slow and very safe. And I have a late
model MG in the barn, resting, with rubber bumper and all, which will be converted to the look of a '67 as an example. I paid $1000.00 for it in the Desert East of California. In a Car port.
Snailish
Gearhead

In rust belt Canada where I live we'd be lucky to buy the front clip off that MG for $1000.

I think you did very well.
Snailish
Gearhead

The rubber bumper MGB hate is bizarre to me.

Google "MGB rubber bumper conversion" and you get multiple links for kits that seem perfectly viable. --if you want the older style chrome bumper and panel treatment.

There's a lot of 70s cars with the added-on 5mph bumpers that would have been better served with the designer's intentions in my opinion.

But if you love the mid-decade Camaros with the chrome bumper (for example), good for you. Nothing wrong with that.
Automobilist
Pit Crew

It's not so much the massive rubber bumpers. (Well, maybe it is..) It's the fact that they met US regulations by raising the whole car a lot. Ruined the handling. But with a smog-addled engine only making around 65 horsepower, they are agonizingly slow anyways.

My stock 1952 MG TD will outrun a rubber bumper B... And my '73 MGB with it's Oselli built 2 liter motor will even keep up with most Miatas!
Javelinsrule
Pit Crew

15 Grand for a MGB---you got to be joking? Maybe a Triumph TR-6 but not a MGB.
Weaselweidner
New Driver

The Volvo fits an LS.  Now it’s exciting.  

snick
New Driver

I had a Volvo 264 back then. Hands down the worst car I have ever owned. Nothing notable about its performance and was incredibly unreliable. Nothing worked from day one and being in New England it rusted out. The 240's were even less remarkable. The 242 GT was little more than a pig with lipstick.
Bcavil1
New Driver

That is the most pathetic, boring excuse of a market analysis ever. Stick to insurance.
77GL
Detailer

I drove a Volvo wagon 240 for years. You're not missing anything if you never own one. Probably the same reason the MG's are on this list, lots of little problems that most cars worked out half a century ago.
Snailish
Gearhead

Well the MG's are from half a century ago so we can cut them some slack?

 

Ccan
Pit Crew

My Scandinavian wife used to say Volvo was Swedish for "in the way"
Jr1
Intermediate Driver

Here in the liberal New England area, the hippies and college progessors all drove Volvos and SAABs which somehow enabled them to be "Better than you". Now that SAAB is dead and Volvo is front wheel drive from China or India, they have switched to Subaru. Interesting in Vermont where they eventually rust away to a stain in your driveway. My friend in High school had an MGA and every day he would come to school and regale us with the story about the latest part he had to replace. He finally traded it for a Vespa which was more reliable.
ValterPrieto
Intermediate Driver

The 360 Modena is too obvious for any mid-informed person, so I would avoid it, besides the fact it is a non-atractive style for my taste.
I would import from Brazil a 1978 Ford Corcel II GT instead of.
BarryBarnes
New Driver

I'm a 52-year MGB driver, owner of both rubber and earlier chrome bumper models, and Administrator of a 6,200+member Facebook MG Group.

It's long been my observation that Hagerty must get its average pricing for MGBs from dealers and consignment houses – which represent an extremely small portion of total sales.

The overwhelming majority (perhaps at the 90-95% level) of MGB sales are between individuals.

Typically, a #2 MGB "rubber bumper" from 1974½-80 would sell to a knowledgeable buyer for $5,000 to 7,500.

An inexperienced wealthy buyer adding to an extensive collection of more expensive autos might pay $15,000 from a dealer (or a savvy but mildly unethical owner)... only to be met with smiling tolerance by local MGB owners.
brouggly
Pit Crew

I think I read that their prices are based on insurance requests by owners (and maybe some auctions?).
That might make them skew higher than the market in general IMO.