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Simplicity, dependability, strength and singularity of purpose were their
calling cards. No one could confuse the purpose of these beasts. It was plain for all, and
it was straight-line performance for one quarter of a mile. Nothing else mattered.
Contrast that with today and the lore of days past becomes even more
apparent. A new Corvette will defeat even the most powerful Corvette of old in every
category. The current generation of performance cars thumps the muscle car in safety,
comfort, reliability and, yes, performance. But, that does not tell the whole story and it
doesn?t explain the current interest in and corresponding sky rocketing values of classic
muscle cars. The clarity of purpose these super cars exuberated just feels good. It
awakens the cave man in each of us! These automobiles have a particular hold on the
generation that came of age in the late 1960?s. Many feel that this is their last chance
to re-live their youth and they are willing to pay for the opportunity.
For example, a 1970 Dodge Hemi ?Cuda sold for $4,035 new and well-
preserved models are routinely offered and $150,000 today. That represents and 10.6%
annual return. Not a bad return considering the stock market has returned 7.4% annual over
the same period. Similarly, and 1970 Chevy Chevelle SS convertible with a 454ci engine
sold for $4,200 new and to will cost around $115,000 or a 9.7% annual return. Finally, a
1969 Boss Mustang with a 429ci Engine originally cost $4,150 and today trades for
$115,000. That is a 9.6% return over the same period.
Granted these are examples of the rarest and most sought after muscle
cars. However, even ?common? muscle cars have experienced notable gains. The 1970 Plymouth
Road Runner with a 440ci engine sold for $3,500 and today trades at $55,000. A 1967
Pontiac GTO cost $3,750 and now goes for $45,000. That?s a 6.8% compounded rate of
return.
The investor in muscle cars must consider a few very important points.
First, all investments have risks. This market, like real estate or technology stocks,
could fall as fast as it has risen. Second, unlike stocks and money market investments,
muscle cars do not pay dividends or interest. Indeed, they cost money to maintain, store
and restore. Third, rarity matters. As the numbers above show, the rarest muscle cars have
preformed the best. Finally, get a second opinion when considering a classic muscle car.
Mechanics are a good choice and a mechanic that has actually restored a few cars is the
best choice. Nothing beats experience.
Obviously, one of the most important variables to consider when
considering muscle cars as an investment is the condition. Only the most original and
accurately restored examples fetch these prices. More common versions or cars in lower
conditions will sell for significantly less. For the collector that actually wants to
drive their cars regularly these more common versions may actually be a better value.
The choice of a rare collector muscle car or a common daily driver depends
on the budget and the purpose of the collector. Both offer unique benefits to the owner
and much enjoyment. The chance to re-live our youth is always a pleasant experience.
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A Car Tested By History
David Atkin
17d9
A car tested by history, the Corvette has been tested by time, and by the racing history of its linage, this car has with out a doubt stood up to every test that it has been put through, oh yeah it had its down time, that was called the 1980's for the Corvette, and a lot of people were wondering if it would make a come back, you might say that it has done just that. Every car goes through its rough patches, its design flaws and its revisions, the Corvette is one of the best examples of longevity that any car company has ever seen, usually sports car and muscle cars come and go, but the Corvette has never went anywhere yet, it just seems to keep standing the test of time and evolving in to a better and better car. You might say, what about the Mustang, while you brag about cars that stand that test of time, the Corvette was came out eleven years before the Mustang, just to lay that theory to rest, the Mustang was introduced to compete with the Corvette, and the Corvette was just the better car in most respects, handling, power and most of the other tests that it went through it did beat the Mustang in. The Corvette has had a fantastic history the Chevrolet motor company, in 1953 Chevrolet hired Zora Arkus Duntov to design the Corvette, and that he did, he was the lead engineer on the Corvette project, and he made it do some amazing things, it would go on to keep amazing people right up to the latest model. Zora joined General Motors in 1953 after seeing the Motorama Corvette on display in New York. Perhaps it was just fate that Zora happened to be among the thousands of people who attended the GM event. Zora found the car to be visually superb, but was disappointed with what was underneath. He wrote Chevrolet chief engineer Ed Cole that it would be his complement to work on such a beautiful car; he also included a technical paper, which proposed an analytical method of determining a car's top speed. Chevrolet was so impressed that engineer Maurice Olley invited him to come to Detroit. On May 1, 1953, Zora Arkus-Duntov started at Chevrolet as an assistant staff engineer. In 1963 Zora would launch the Gran Sport program. The original idea captured the interest and imagination of Corvette fans all over the world. The idea was to create a special lightweight Corvette weighing only 1,800 pounds and race it on an international circuit against not only Cobras and other GT-Class cars, but also racing only prototypes from Ferrari, Ford and Porsche. Power for the Grand Sport was to come from an aluminum version of the small block V8, equipped with special twin-plug cylinder heads. At 377ci, output was a projected 550hp at 6,400 RPM. But as it had so often, GM policy prohibited Zora from going racing, but not before five Grand Sports were built. The five Grand Sports eventually fell into the hands of private owners, and Zora somehow found a way to support them in spite of the official ban. Zora retired in 1975, turning the reins over to Dave McLellan. At 81 years of age, Zora Arkus-Duntov was still passionate and opinionated about his car, the Corvette. It was during the time between Zora's retirement and his death that his legend grew. When ever anything Corvette happened, Zora was there. A member of the Drag Racing Hall of Fame, the Chevrolet Legends of Performance, and the Automotive Hall of Fame, Zora took part in the rollout of the 1 Millionth Corvette at Bowling Green in 1992. He also drove the bulldozer at the ground-breaking ceremonies for the National Corvette Museum in 1994. Six week before his death, Zora was guest speaker at Corvette: A Celebration of an American Dream, an evening held at the showrooms of Jack Cauley Chevrolet Detroit. On had that night were Dave McLellen and the Current Corvette chief engineer Dave Hill, but no one could argue that Zora stole the show. In 1966 Chevrolet would have a brain burst, and build a beast called the L88 Corvette, which had a factory HP rating of 435, which was a serious under rating, the car was doing closer to 600 HP, in 1967 the Corvette would once again prove itself by winning the 24 hours of Lemans, against the likes of, Porsche and Ferrari, this time it would gain world wide recognition and become a real player in the sports car world, the USA was finally in with the big boys. The Corvette had made a big impression on the racing world. This car could hold it's own with the best the Europeans had to offer, it would drive sales through the roof for Chevrolet, it had succeeded beyond Chevrolet's wildest dreams, and it qualified in two categories it was a sports car and a muscle car, the Corvette had done what no other American car had ever done before, the L88 Corvette was truly a car to behold. And this wasn't the end of the amazing feats for this very special car, in 1969 a slip up would happen at the Chevrolet manufacturing plant, at the time they were building two very special cars for a couple of the big wigs at Chevrolet motor division, these cars were never supposed to be released to the general public, they were built to campaign at the race track, and were really race cars, not street cars. The slip up would allow these two cars to leave the plant and be sold at two of Chevrolet's showrooms, I don't know what showrooms they were, but these cars were called ZL1 Corvettes, and there was a white one built, and a Saturn yellow one, the yellow one got auctioned off after the government confiscated in a drug raid, it went for $500,000 at auction. The Zl1 Corvette was rated at 450 HP from the factory, but estimates put it closer to an honest 670 HP, which made this car the highest horsepower car ever built during that time, and as you can imagine these cars are worth a lot of money today, if you could find one, they came from the factory with a roll bar and a lot of other racing attire, due to the fact that they were meant to race.
2c
http://www.ezinearticles.com/?A-Car-Tested-By-History&id=139436
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