Not Yours To Take

Wealthy people who “complain” that they are not taxed enough are just engaging in virtue signaling. If they really think they don’t pay enough in taxes then they can voluntarily give more money to government. They should keep their hands out of other people’s pockets because other people’s money doesn’t belong to them. “Fair” is subjective, but property rights are not supposed to be.

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This article from Hagerty is titled, “The 25 cars buyers are forgetting about.” Below is the picture at the top of the article:

 

1988 Buick Reatta

 

Here is a picture of the same make/model I took this past Sunday:

 

 

In case you don’t know, or even if you do, those are two pictures of the Buick Reatta. The Reatta was a failure; it cannot be described in any other way. Buick’s minimum yearly sales goal for the car was 10,000 units, but in four model years (1988-91) only about 22,000 were built in total. From Encyclopedia of American Cars by the Auto Editors of Consumer Guide®, “Reatta was a sad loss for those who appreciate interesting cars…”

It is not a performance car in any way, shape or form, but I think it is a stunning looking car. When I moved to California in the mid-1990s I needed to buy a car and went to a Buick/Pontiac/GMC dealer specifically to buy a Reatta. The salesman informed me the car was no longer in production (I wasn’t following cars much at that point having been turned off by the nadir of US autos in the late 70s) and he didn’t offer to find me a used one. Frankly, he wasn’t the friendliest salesman I ever met.

In the Hagerty article mentioned above the Reatta is shown as having the lowest Hagerty Vehicle Rating (HVR). I’ll let Hagerty explain the HVR:

 

“The Hagerty Vehicle Rating takes into consideration auction and private sales results, insurance quoting activity, and the number of new policies purchased to sort through hundreds of car models and compare them to the collector car market as a whole. Our valuation team then assigns each car a score from 1 to 100, with a score of 50 denoting a car that’s perfectly following the overall market trend. Popular cars that are gaining interest and value will score higher, while those with flagging interest or sale prices score lower. A vehicle’s position on the list isn’t a sign of future collectability—it’s more of a pulse marker on the current market.”

 

Some subjectivity seems to be a part of Hagerty’s rating, which is okay, but I always wonder about personal bias in such an endeavor. Anyway, here are the bottom 15 cars in the latest HVR (I know the article is about the bottom 25, but that seemed excessive to me):

 

Vehicle HVR
1988-1991 Buick Reatta 9
1967-1971 Mercedes-Benz 280SE 10
1963-1971 Mercedes-Benz 230SL 15
1968-1971 Lincoln Continental Mk III 15
1975-1980 MG MGB 15
1976-1989 Porsche 911 Carrera (Turbo 930) 15
1958-1959 Ford Fairlane 17
1968-1982 Chevrolet Corvette 17
1997-2005 Acura NSX 17
1965-1970 Cadillac DeVille 18
1946-1948 Chevrolet Fleetmaster 19
1946-1951 Mercury 19
1958-1961 Austin-Healey Sprite 19
1977-1988 Porsche 924 19
1987-1993 Cadillac Allante 20

 

Remember Hagerty’s disclaimer that the HVR is not, necessarily, a sign of future collectability, but an indication of where a car currently stands in the market in terms of collector demand. Some of the cars on this list are a surprise to me, but I am not a devoted student of the overall collector car market. I am also quite sure that cars with very few transactions don’t appear in the Hagerty evaluation at all. Remember, too, that this is just Hagerty’s assessment. No one metric or system can fully describe this market.

Do any of you see cars on this list in which you have interest? I would very much like to read your thoughts.

 

#KeepYourHandsOutOfOtherPeoplesPockets

#BuickReatta

#HagertyVehicleRating

#somanycarsjustonelife

#disaffectedmusings

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