You earn some. lose some. Buyers of the worst investment cars on this list might be cursing the day you drove those cars into the garage. You won’t find it in any classic car collection, unless you know a character who is very weird and bad at investing.
The MG TD was the worst investment car in the past 12 months
According to Classic.com, the 1950-1953 MG TD saw an 18% return on investment last year. According to the sales history over the past 12 months, 66 MG TDs have been sold. Lowest price was $7,600 1953 MG TD 4-Speed. It had 80,000 miles and a banjo-style steering wheel. Plus, it was a left hand drive! The most expensive sale came from a 1952 MG “Cisitalia” Special, priced at $55,000. The MG TD is just one of 75 vehicles that lost their value last year.
Forbes influenced some of the best and worst investment vehicles of the past year. Several cars showed great return on investment in the past 12 months, such as the Mercedes-Benz 300SE-W126, which saw a 95% ROI. Forbes notes that this huge increase is due in part to online auction sites.
Classic.com uses sales numbers, price and other data from online sales. In the first half of last year, 17,369 cars were auctioned with a total value of $589.4 million. In the same period this year, this number was 28,904 vehicles with a total of $920.6 million. Forbes says that represents a 50-70% increase.
Mercedes-Benz 230SL Pagoda was another one of the worst investment cars
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The Mercedes-Benz 230SL Pagoda from 1963 to 1967 saw a 16% return on investment compared to last year. The 230SL Pagoda saw 48 sales last year. The lowest selling was a 1965 Mercedes-Benz 230SL 4-Speed Pagoda project car, which needed some work, but still sold for $20,250. The 1965 Mercedes-Benz 230 SL Convertible With Hardtop was the most expensive to sell, at $129,572.
For the most part, used car sales have seen an extraordinary price hike. There are several reasons for these runaway numbers, says Juan Diego Cali, CEO of Classic.com. With new car prices soaring to the ceiling, the conditions are right for specialized used car sales. This is coupled with the fact that the shortage of semiconductors has slowed production of new cars. This leaves many people searching for a used car. Unfortunately, the people on this list didn’t get the timing right.
The BMW M5 (E39) may be a collector’s car, but it wasn’t a good buy this year
The BMW M5 (E39) from 1999 to 2003 saw a 15% return on investment in the same period. But, being one of the worst investment cars of the year, it didn’t stop all 119 sales of E39 M5s. Selling prices were all over the place, with the lowest selling 2001 BMW M5 coming in at $12,600. The highest selling price of $125,000 came for a similar 2001 BMW M5 with just 4,000. Who knows, maybe the E39 M5 will be on our list of the best investment cars of 2023.
Classic.com calls these “underperformers,” which roughly translates to the year’s worst investment vehicle. If you’re interested in the best investment cars of the year, check out the list. Have you recently purchased anything worthwhile to store in the garage for a few years?
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