Elon Musk made a memorable appearance at a Tesla Motors press conference during the 2009 North American Auto Show. The term “collectible vehicle” has evolved over time, with a new generation of all-electric vehicles and hybrid cars catching the eye of collectors. Despite price reductions on new EVs and a volatile used marketplace, interest in these vehicles continues to grow.
Experts have pointed out that design, performance, historical significance, rarity, and condition are key factors in determining collectability. John Wiley from Hagerty emphasized that cars that are important, visually appealing, and enjoyable to drive are more likely to become collectible in the future.
Several recent limited-production models from major automakers have caught the attention of collectors. The Acura NSX, BMW i8, Cadillac ELR, and the iconic Tesla Roadster are among the early EVs and hybrids that are already highly collectible. These models combine beauty, performance, and historical significance, making them desirable to collectors.
While collecting cars can be a passion for many enthusiasts, it may not always be a profitable endeavor. Maintaining collectible vehicles, especially older EVs, can be challenging due to evolving technology and limited availability of parts. For those looking to make a profit, investing in a diversified index fund may be a more stable option.
Overall, the world of collectible EVs and hybrids continues to evolve, with new models like the upcoming Tesla Roadster generating excitement among collectors. As the market for these vehicles grows, it will be interesting to see which models become the next coveted collectibles in the years to come.