Hellcat panic buying - which models/colors will become most collectable?
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One would hope. Especially in B5 with an M6.
They’ll all be collectible, if kept in good, original shape. Some more than others, but the Hellcat is as iconic as any musclecar has ever been. When they’re not making them anymore, supply goes down yearly. Kept original, or easily put back to, and in good shape, they’ll all be sought after in years to come.
Yep they will all be sought-after eventually. I would think the more options and higher priced cars will be the most desirable, but all will appreciate in value accordingly. The standard body cars that will bring the most will be early production examples in pristine condition. Like the ZR1 vs. the Z06 Corvette the Redeye will always bring more I would think. Obviously the Demon will always bring the very most due to the very limited production. I wonder how many of the original 3000 Demons are still on the road and how many were totaled and gone forever already and we are only 4 years removed from their production in 2018.
I think the Super Stock will be a very collectible car. I'm assuming not many will be built by the time they stop making them. The fact that they are a factory built track car with many performance items specific to that model will make them very desirable, much like the Demon.
How many Demons were built and does anyone know how many Super Stocks have been built?
How many Demons were built and does anyone know how many Super Stocks have been built?
Can't see any Redeye/HC/Jailbreaks going over 150k with sub 1000 miles within the next 5 years. In a decade or so, the sky is the limit but its pretty unanimous to not buy a car as an investment. Just too many of them out there. I don't think color will impact much.
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Collectable? A 66 Shelby Mustang is collectable. There are too many Hellcats out there for these to be collectable anytime soon. I'm driving and enjoying mine now, while I can. I don't worry about what it will be worth in the future. I have savings for that. YMMV
I dont think anyone thinks they are buying a Hellcat right now as a short-term investment. BUT, when the forced-induction 8 cylinder Hemi gets the boot in the next few years if not sooner you can bet you will see an increase in resale value in cars equipped with that motor. Despite the platform's age and the production that is currently still going on you can routinely see cars selling for more than sticker and lightly used cars bringing new car money. Not too many cars out there doing that except for the new Ford Bronco and the C8 Corvettes. This is the 2nd "golden age" of ICE muscle, and it isn't going to last as long as most would like due to the stupid EPA regs that are forcing carmakers to go away from cars like the Hellcat. To answer Deangle, there were 3000 Demons built is my understanding, 2700 for the U.S. and 300 for Canada.
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2018 Demon - 3300
2019 - none
2020 Super Stock - 192
2021 Super Stock - 560
2022 Super Stock - expected to be much lower than ‘21
Thank you for the numbers. I've said all along that I thought the Super Stock would be the rarest model. Coupled with the performance and track-ready upgrades, it'll be a high dollar collector car similar to the 1960's and 1970's muscle cars that had low volume performance packages.
Maybe. The difference here though is that the SS is still really similar to the rest of the Redeyes. Same holds true for the JB. It -could- be worth more, but TBH, I think you'll see similar prices for all the Redeye variants due to the close similarity. In yesteryear's past, those special packages usually included more than just a suspension and wheel choice... they often came with a whole engine or trans type. In 20+ years though, any of the rare optioned cars, if kept collectible and unabused, could be worth more. It's hard to say for sure, given that modern cars are largely more difficult to maintain over the long haul due to high reliance on electronics, which tends to go obsolete and unsupported over time. At least with classics, if you have enough money and an old part laying around, you can pay someone to manufacture you a new one on a CnC machine... no dice for the new cars and their reliance on wires and microchips. Of course, this means any survivors could be worth a LOT, but there's also a good chance that a stored collector car might be worthless if it can't be fixed.
Finally a logical response. None of the current lineup is going to be worth Demon money, ever. Demon was a unique situation and unless you plan on storing for 10+ years, none of the current lineup is going to double/triple your money in the short term. I'd be absolutely shocked to see low mile HC/SS/RE/JB go over 130k in the next 5 years. Production numbers do not automatically equal higher value...
Mix in an incoming recession and I think a lot of people here are going to be humbled by their cars value not meeting expectations....
Eh, once you get into the luxury price market, you'll find that luxury buyers are practically immune to such things. Case in point, the '22 Hellcats are oversold in an era with 20k ADMs on Jailbreaks and $6-$8/gal premium gas. Recessions hit everyone, there is no escape... but how they hit people directly depends on their economic stability and income level. A wealthy well-qualified Hellcat buyer is just not affected the same way a low wage worker is. I'm not bragging, just pointing out the fact that to this day, I don't have to budget for gas. That's not true for someone who has $40 spending money for the week after their bills clear.
The current market price on these cars is largely being driven up by lack of supply... and not the value and overall buyer demand. In this economy, there are far fewer buyers who can afford a new Hellcat, but there's still a lot of insulated luxury buyers... enough to sell out of them 4 months into the model year. This is mainly due to supply issues.
To discuss your price figures, there's already used REWBs selling above 130k. I mentioned in another post, the case of a 2016 PCP M6 with under 1,000mi on it that went for 120k. Brand new JBs and REWBs are selling for 150k in markets like LA and Miami. I personally know of one JB Challenger that was sold for 170k in South Beach... and it wasn't even fully optioned out (Octane, Black Laguna... no HK, no sunroof, standard interior trim, common wheel selection). These massively overpriced cars can sell, but rarely.
Which brings me back to the point I made about rich people being insulated from recession. If a person has a load of money and really wants something and can't get it other than to overpay... there's someone out there with enough money to where the difference between $100k and $150k is similar to paying 75 cents or a dollar for a vending machine Coke. These people are who's driving up the auction market right now. This will fizzle out, as buyers like these have short attention spans... which is why I've said that the golden moment for Demons is going to be in the 5-8 year range. Serious collectors don't overpay for common vehicles (and, 3,000 unit Demons are classed as fairly common). Rich, impulse driven people wanting a cool toy are the ones who overpay. When the next cool toy comes out, they'll move to that. Thus, you'll see a peak in the Demon market, followed by a steady plateau or a decline before you start to see the collector market dealing with them in in 2026+.
Case in point is the 1990 ZL-1 Corvette. A little over 3000 produced and ahead of its time in many performance metrics. Sticker was around 60K and now worth less than half that. The 32V Quad Cam engine produced by Mercury Marine was having parts availability issues less than 5 years later. Still an issue and it deters buyers from purchasing and driving the cars. Generally worth less than 30K in good condition. A showroom condition car with 1300 miles auctioned this year for 45K. If you can't get parts (more and more electronic parts on late models) to support repairs then that's a negative. As for the JB's/RE's/SS's many of the parts are interchangeable. I still plan to purchase, drive, and keep a RE and several other V-8 cars. I'm thinking there will be parts for quite some time. If parts becomes an issue then I enjoyed it while I drove it. Sure not worried about it as an investment. I have others assets that are much more liquid, and over time, more predictable.
Actually that would be worth a lot - meant ZR-1 of course. Early stage dementia again.
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100% Agree with your post. I got REDEYEWB for sale for $150K and I’ve gotten several bites in less then a week. Some buyers are willing to pay even more. Not selling yet
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I think stupid-low miles sells the best. Buy it, put it in a glass case in the living room and admire it for a few years.
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