10 Vehicles That Will Gain Value in 2023 According to Hagerty
Hagerty, a leading specialty insurance provider, today announced its 2023 Bull Market list, an annual collection of enthusiast cars and vehicles with the best potential to hold or increase in value in the coming year. In its sixth year, the list is compiled using data from public and private sales, insurance valuations and historical trends.
“Bull Market is a guide for enthusiasts of all types to find, buy and drive something they love while also making a good investment,” said Hagerty Senior Vice President of Media and Editorial Larry Webster. “Buying an enthusiast vehicle can be a big decision but the good news is that we’ve done the legwork for you by using the best valuation data and market insights analyzed by our team of experts.”
Here are the top 10 used and collectible vehicles likely to gain value in 2023 according to Hagerty, covering model years 1968 through 2015. The price ranges here are for vehicles in "excellent" condition.
1992-2006 AM General Hummer H1 ($105,000-$127,300 USD)
Despite high demand for the new, all-electric Hummer EV and volatile gas prices, the Hummer H1 remains an attractive choice for collectors. Hagerty notes that appreciation since 2019 has lagged, so the H1 may be overdue for a price increase.
1968-1970 AMC AMX ($30,500-$40,600 USD)
It’s pretty hard to find an AMX in Canada—or believe that it can still gain value. However, Hagerty sees plenty of potential for this old Camaro and Mustang rival. Interest from next-generation enthusiasts has nearly tripled since 2019, suggesting the car will continue to hold or increase in value.
2008-2015 Audi R8, manual ($154,000-$186,700 USD)
They key here is the manual transmission, according to the insurer. Lookups on Hagerty Valuation Tools have doubled in the past 12 months, and R8 values are up 37 percent since 2019 with plenty of room to continue climbing.
2001-2004 Chevrolet Corvette Z06 ($31,400-$39,300 USD)
Also very popular on Hagerty Valuation Tools, the fifth-gen Corvette is a supercar in disguise that should appreciate quite a bit in 2023. An equal share of insurance quotes come from boomers, Gen X and millennials, showing that demand is spread evenly throughout the market.
2001-2010 Lamborghini Murciélago ($302,700-$342,700 USD)
How can you say no to a screaming, 632-horsepower Italian supercar that loves to rev up to 8,500 rpm? If that’s your thing, grab one of these wild Lambos now, Hagerty suggests. Values for the Murciélago are up 48 percent since 2019, yet appear poised for more appreciation in 2023.
2004-2010 Mercedes-Benz SLR McLaren ($329,300-$380,700 USD)
German supercar enthusiasts still prefer the Porsche Carrera GT, but the SLR McLaren is on the upswing, with younger buyers fueling much of the demand.
2003-2008 Nissan 350Z ($37,500-$44,900 USD)
The all-new Nissan Z is a fantastic car, no doubt about it. But get this: according to Hagerty, average #2 values (good condition) for the 350Z have increased 78 percent since the start of 2021.
1985-1993 Saab 900 Turbo ($22,200-$25,800 USD)
This singular Swede is increasingly owned by next-generation enthusiasts and appears to be trending towards faster appreciation. Owners under the age of 40 have tripled since 2019.
1991-1998 Suzuki Cappuccino ($12,200-$16,700 USD)
Despite generating a puny 63 horsepower, the Cappuccino knows how to please drivers, particularly in corners. Hagerty notes that demand is strong among Millennial and Gen Z enthusiasts.
1984-1988 Toyota Pickup 4x4 ($20,700-$26,700 USD)
The number of Toyota Pickups added to Hagerty policies has quadrupled since 2017, while collectors under 40 have more than doubled their ownership share since 2019. Were they all inspired by Marty McFly’s truck from Back to the Future? Probably not, but this old Toyota pickup is a nice alternative to classic Broncos.