Why collectors aren't buying Cuba's old cars - CNBC

posted on 05 Aug 2015 01:33 by mundanebarrel706
"What's hot today are the American muscle cars of the late '60s along with '70s," Magers said. It's something else."

Additionally, the particular sweet spot associated with car collecting offers moved in the 1950s towards the 1960s. Models for example Ford Mustangs from 1965 to become able to 1973, Dodge Challengers, Chargers as well as Daytonas are usually hot, plus the Shelby Plymouth Superbird. "Because they've been cut off pertaining to therefore long, they've morphed in to their extremely own species.

Hagerty recalled among his 1st experiences with the island's cars on a trip their own 15 years ago: "When I went, I jumped in a 1956 Cadillac, and it looked truly good. It's not really a Cadillac. the identical model in Cuba, with a big dollop involving Bondo physique filler along with substitute parts, would possibly sell for less than $5,000. the guy turned the primary element plus it had a http://thechumslick.com Peugeot diesel engine." .

Study MoreAre muscle cars a good investment?

In Order To use a excellent illustration of how that affects valuation, Linden mentioned the quintessential American auto being a 1957 Chevy Bel Air four-door sedan, in perfect condition with original parts, could sell pertaining to around $50,000.



Hagerty likened it into a "Galapagos Island" of cars

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