What’s A Collectible Car?

First, to paraphrase Asimov once again, living in a democracy does not mean that Person A’s ignorance equals Person B’s knowledge. My addendum is that lack of credentials doesn’t necessarily mean lack of knowledge.

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This article from Hagerty is about the 25 most collectable vehicles going into this summer. This ranking, if you will, is based on their proprietary Hagerty Vehicle Rating (HVR). From the article: “The Hagerty Vehicle Rating, based on a 0–100 scale, considers the quantity of vehicles insured and quoted through Hagerty, along with auction activity and private sales results. A vehicle that is keeping pace with the overall market has an HVR of 50.”

They almost brag that half of this list is composed of cars: “Something else to keep an eye on: while the HVR is typically dominated by trucks and SUVs, the 28 vehicles listed (top 25 plus ties) are evenly divided—14 trucks, 14 passenger vehicles. That’s a high water mark for cars.”

What I found interesting is that the only two “old” cars on the list—and by old I mean cars built before I was born—are two Cadillacs, the 1959-60 Series 62 and the 1959-64 DeVille.

 

See the source image

 

From Hyman Ltd Classic Cars a picture of a 1959 Cadillac 62 convertible. Of course, 1959 was the peak (no pun intended) of the fin craze on American cars, with Cadillac being the pinnacle of that style.

Not surprisingly, the convertible was last in production among Series 62 cars in 1959 not counting a model specifically made for export. Cadillac made 11,130 62 convertibles in 1959; total 62 production was almost 71,000. The convertible was the most expensive Series 62 model at $5,455.

From 1961 through 1969, inclusive, all Cadillac models shared the same engine. However, in 1959 the 390 cubic-inch V8 came in two specs with the upscale, limited-quantity Eldorado motor having a little more power. The Series 62 spec was rated 325 HP/430 LB-FT of torque. The engine was mated to a 4-speed Hydra-Matic automatic transmission. The convertible came standard with power windows and a two-way power seat.

While for me the ’59 Cadillacs are a tad much with the fins I fully understand the appeal of these cars. I think it can be difficult to actually create a formal definition of a collectible car. Different strokes for different folks, right?

What do you think is a “collector” car? Does it need sanctioning from a group like the CCCA or the AACA? If it’s rare enough can a new car be considered a collectable?

 

#IsaacAsimov

#IgnoranceIsNotBliss

#OldCadillacs

#1959Cadillac62

#somanycarsjustonelife

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4 thoughts on “What’s A Collectible Car?

  1. For me, the 1959 Cadillac (red with white drop top and interior) is my dream car. I will probably never own a garage that could hold one, much less the car itself… but I can dream!

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