I have a 2001 Mustang SVT Cobra convertible with almost 25,000mi sitting in my garage right now. I bought it 5 years ago with 11,700 miles on it for $12,200. At twenty years old, the registration, classic insurance, new and used parts availability/cost (performance parts too), and knowledge base are better than anything else out there except maybe a VW Beatle.
In my neighborhood there are a late 80's Corvette, an 80's 944 Porsche, a 2010"ish Comaro, and a recently brought home a customized 60's Galaxie 500. It's rare to see any of them on the road where as I take mine out several times a month.
Between the affordability and being able to drive often, late 90's American Muscle Cars are the sweet spot. You can find low mile special edition models that are beautiful and fun to drive without guilt and even (DARE I SAY IT?) let one of your friends or family members drive. Fun, which is the whole idea of having one, in my opinion. Cheers.
Obviously people will stick with what they know, but your reasoning is incorrect to compare Mustangs and Camaros with Miatas and Integras- as you will see and why I never mentioned in the last post- as is scapegoating Corvettes while ignoring the more expensive RX-7,Supra etc.
A Mustang GT/Camaro Z28 was maybe a grand cheaper than a regular Integra RS and $2-3k cheaper than a GS-R. A Mustang GT convertible was the same price as a similarly optioned Miata and that's not even counting rebates and finance programs which would make them thousands cheaper. $1500 down and $225 a month was the usual deal for a GT coupe.
Corvttes definitely were an older demographic, but Mustangs and Camaros definitely not. Ford sold more GTs each year than what GS-Rs sold in the entire production run, world wide, over 8 years. I'm pretty sure- without looking- that similar number (or even more) of Corvettes were sold in '94 than the entire production run of all the Japanese cars listed above, world wide, over their entire production run from '93 to '98 or whatever. So production numbers are also a huge factor.
And of course it was Boomers and Z buying them all- Millenials would have been 14 years old.
FYI I got out of high school and started right away in the car biz as a dealer and broker and was dealing in this stuff when they were new.