Collector Cars Earn Higher Rates of return Than Stocks and Gold....

Dec. 11, 2008

Collector Cars Earn Higher Rates of Return Than Stocks and Gold... a decade of data cannot be wrong. The Barrett-Jackson Auction House reported in October, prior to their record setting Las Vegas debut event, that owning a classic car is a sound steady investment. Outperforming the S&P, the Dow, and even gold. Gold, the classic car market's nearest competitor, under-performed by over 5% points below the Barrett-Jackson mini-index of collector cars. The Barrett-Jackson mini-index originated in 2003 compiling data from a hand-picked and diverse segment of the classic car market. They included sports car and muscle cars from '57 to '70, ie: '57 Thunderbirds, '67 Jaguar XKE's, '67 Shelby GT500's, '70 Camaro Z/28's, '70 AAR ‘Cuda's, '65 Austin Healy MK III's, and '67 Corvette 427/435's. According to the Barrett-Jackson data, the value of these cars grew by a compounded annual growth rate of 16% from Q1 1998 to Q1 2008.  To read the article and see the bar graph that inspired this mention, go to http://tmichaelis.com/archives/71.
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