Oldsmobile has/had a long history as an innovator. It introduced “Knee-Action” independent front suspension in 1934, the legendary and revolutionary Hydra-Matic automatic transmission for model year 1940, along with Cadillac the first modern overhead-valve engine in 1949, the first production turbocharged V-8 in 1962 and the first US front-wheel drive vehicle in almost 30 years for model year 1966. Oldsmobile is the only American company that produced automobiles in the 19th, 20th and 21st centuries. In all, over 35 million Oldsmobile vehicles were produced.
So, which of these cars is the most valuable? According to 2019 Collector Car Price Guide by Krause Publications this gorgeous car holds that honor:
From supercars.net a picture of a 1953 Oldsmobile Fiesta convertible, technically part of the 98 series for that year. Only 458 Fiesta convertibles were produced. This car was one of three limited-edition General Motors convertibles built for model year 1953; the Buick Skylark (1,690 produced) and the Cadillac Eldorado (532 made) were the other two. This list does not include the Corvette, of course.
According to the 2019 Krause book a Grade 1, concours-quality example is worth $200,000. The collector car market is softening, though.
Is the softening of the collector car market a portend of bad economic times ahead? While, technically, economics is the study of the allocation of resources, it is also about human behavior. Self-fulfilling prophecies are hardly unknown. If enough people think an economic downturn is ahead, they could change their behavior in such a way that could create the downturn. Government fiscal and monetary policy can only do so much.
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