Electric vehicles (EVs) and hybrids are gaining traction in the collectible car market, which previously favored classics like 1930s convertibles or muscle cars. Despite the rapid depreciation of five-year-old EVs, certain electric and hybrid cars are expected to become collectibles and potentially appreciate in value over time. Collectibility is influenced by factors such as design, performance, historical significance, rarity, and condition.
Models like the 2017-2022 Acura NSX hybrid, 2014-2020 BMW i8, 2014 and 2016 Cadillac ELR, 2008-2012 Tesla Roadster, and the 2013-2016 Volkswagen XL1 have been identified as potential future collectibles. Some of these vehicles have already seen their value increase at auction due to their limited production, high performance, and distinctive design. The upcoming Tesla Roadster, expected in 2025, is also anticipated to be highly collectible due to its performance claims.
High-end exotic EVs and hybrids tend to hold their value better, with some rare and sought-after models appreciating significantly. Luxury automakers like Ferrari employ strategies such as invite-only sales and certification services to maintain high resale values and exclusivity.
However, collecting older EVs can be challenging due to the specialized knowledge required for repairs and the availability of compatible parts, especially batteries. While collecting cars can be a passion-driven hobby, it’s noted that making a profit from collectible cars is difficult and often less lucrative than traditional investments like an S&P 500 index fund, even for vehicles that have appreciated substantially.
Key Takeaways:
- Electric and hybrid vehicles are gaining interest among car collectors, with factors like design, performance, and historical significance influencing their potential to become collectible.
- Limited production, exceptional condition, and brand legacy can enhance the collectibility and value of electric and hybrid cars in the collector’s market.
- Investing in collectible cars may not always offer better financial returns than traditional investments like the S&P 500 index fund, despite the allure and nostalgia associated with car collecting.
“If the car did something important, looks great and is fun to use, it will be collectible.”
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