The automotive industry is still recovering from the recession, and as sales pick back up, the muscle car class has been seeing an increasing interest. Total Car Score, an automotive ranking and comparison website, recently found there has been a growing interest surrounding powerful sports cars. The additional demand for these decades-old models has driven up the price. For example, the two most highly sought-after vehicles – 1969 Chevrolet Camaro ZL1 and 1971 Plymouth Hemi Barracuda – are both worth an estimated $425,000 in good condition.
While a large part of this trend surrounds vintage models from the late 1960s and early 70s, interest in newer vehicles has been growing as well.
"We're seeing a general rise in auction and listing prices of classic muscle cars as market interest in these models picks up," said Karl Brauer, editor-in-chief of Total Car Score. "Rare older models, in original or properly restored condition, are increasing in value even as the general economy continues to struggle. At the same time, the capability of modern muscle cars has skyrocketed over the past 12 years. For value seekers, several models produced between 2000 and 2010 offer excellent performance at a relatively low purchase price."
Some of the newer models include the 2000 Ford Mustang Cobra R, 2010 Chrysler 300 SRT-8, 2004 Mercury Marauder and 2008 Dodge Challenger SRT-8. Drivers who want to own a piece of modern muscle car history can head over to New Jersey State Auto Auction. The dealer has a wide selection of makes and models, and their inventory is constantly changing. With so many options to choose from, motorists should have no trouble finding a powerful ride.