|05/10/13 10:49PM||Classic Cars, hot rods, Muscle Cars, street rods|
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HPG21 Index Preview: American Muscle Cars
Of the 15 component cars in Hagerty’s Index of American Muscle Cars, more than half appreciated and only three fell in value over the past four months. Two of those three were significant enough slips though (9% each for the expensive Hemi Cuda convertible and Hemi Superbird) that the index stumbled overall with a 3% decline – which is the same amount the group is down year over year.
No need to fear another freefall, however. The truth is that while some of the more expensive cars of the genre continue to search for footing, pony cars (early Mustangs and Z/28s in particular) and some cheaper models (such as Bandit-era Firebirds) showed impressive gains since January. No matter the numbers, we feel that present day is a great time to get behind the wheel of one of these cars. You may not be able to flip it in a year for twice what you paid, but you aren’t likely to see prices get too much lower, either.