You earn some; you lose some. Buyers of the worst investment cars on this list are probably cursing the day these cars entered the garage. You won’t find these in any classic car collection, unless you know a very strange person who is terrible at investing.
The MG TD was the worst investment car of the last 12 months
According to Classic.com, the 1950 to 1953 MG TD saw a -18% return on investment (ROI) in the final year. According to sales history over the previous 12 months, 66 MG TDs have been sold. The lowest price was $7,600 for a 1953 MG TD 4-speed. It had 80,000 miles and a banjo-style steering wheel. Plus, it was left-hand drive! The most expensive sale came from a 1952 MG “Cisitalia” Speciale for $55,000. The MG TD is just one of 75 vehicles to have lost value in the past year.
Forbes ranked some of the best and worst investment cars of the past year. Many vehicles showed a significant return on investment in the previous 12 months, such as the Mercedes-Benz 300SE-W126, which saw a 95% ROI. Forbes suggests that this huge growth is partly due 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 vehicles were auctioned for a total value of $589.4 million. In the same period of this year, this number is 28,904 vehicles worth 920.6 million dollars. Forbes says this is a 50-70% increase.
The Mercedes-Benz 230SL Pagoda was another of the worst investment cars
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The 1963-1967 Mercedes-Benz 230SL Pagoda saw a -16% ROI over the past year. The Pagoda 230SL saw 48 sales last year. The lowest sale was for a 1965 Mercedes-Benz 230SL 4-Speed Pagoda project car that needed some work but still sold for $20,250. The 1965 Mercedes-Benz 230 SL Convertible With Hardtop was the most expensive sale at $129,572.
For the most part, used car sales have seen an unusual increase in prices. Juan Diego Calle, CEO of Classic.com, says there are several reasons for these wild numbers. With new car prices through the roof, the circumstances are right for small used car sales. This is coupled with the fact that the shortage of semiconductors has slowed down the production of new cars. This leaves many people looking for a used car. Unfortunately, the ones on this list just didn’t get the timing right.
The BMW M5 (E39) may be a collector’s car, but it was not a good buy this year
The 1999-2003 BMW M5 (E39) saw a -15% ROI over the same period. But boy, being one of the worst investment cars of the year didn’t stop all 119 sales of the E39 M5. Sale prices were all over the place, with the lowest sale for a 2001 BMW M5 coming in at $12,600. The top sale came in at $125,000 for a similar 2001 BMW M5 with just 4,000. Who knows, maybe the E39 M5 will be on the list of best investment cars for 2023.
Classic.com calls these “weak,” which roughly translates to worst investment cars of the year. If you’re interested in the best investment cars of the year, check out the list. Have you bought anything valuable recently to store in the garage for a few years?
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