These Are The Used Enthusiast Vehicles Most Likely To Increase In Value

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The 2023 US Bull Market list includes everything from a dinky Suzuki Cappuccino to a Mercedes SLR McLaren.

The 2023 US Bull Market list has been published by Hagerty, a new collection of the enthusiast vehicles that are expected to either hold or increase in value over the next year. For avid car collectors, the list - now in its sixth year - is a valuable way to find the best investment opportunities in the automotive space.

The list is compiled based on historical trends as well as insurance valuations and data from both private and public sales. While strong resale values are also useful for the average consumer, the Bull Market list takes on another level of importance, considering that some of these cars go deep into six-figure territory. However, many are also attainable for the enthusiast on a budget.

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This year's Bull List is particularly diverse and features everything from an early 1990s Suzuki Cappuccino with a price range starting at $12,200 to a 2010 Mercedes-Benz SLR McLaren with a price range that reaches over $380,000.

"Bull Market is a guide for enthusiasts of all types to find, buy and drive something they love while also making a good investment," said Hagerty Senior Vice President of Media and Editorial Larry Webster. "Buying an enthusiast vehicle can be a big decision, but the good news is that we've done the legwork for you by using the best valuation data and market insights analyzed by our team of experts."

Some automakers are more resilient than others in the face of a volatile economic environment, and many aren't, but the models listed in this Bull List are expected to grow in value despite the current climate.

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In brackets is the price range for each vehicle if in excellent condition.

As mentioned, one of the lowest-value models on this list this year is the 1991-1998 Suzuki Cappuccino ($12,200-$16,700), an incredibly small and lightweight sports car with just 63 horsepower. Hagerty says that Millenials and Gen Z buyers submit over 80% of the insurance quotes for these Suzukis, ensuring it'll have a continued following. Hagerty also says that you could hardly find a more interesting car for less than $10,000, and we can't argue with that.

Unsurprisingly, there are several sports cars and supercars on the list. That includes the 2008-2015 Audi R8 manual ($154,000-$186,700), 2001-2004 Chevrolet Corvette Z06 ($31,400-$39,300), 2003-2008 Nissan 350Z ($37,500-$44,900), 2004-2010 Mercedes-Benz SLR McLaren ($329,300-$380,700), and 2001-2010 Lamborghini Murcielago ($302,700-$342,700).

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CarBuzz recently returned from Spain to drive the Audi R8 GT, a car that represents the end of the line for both the V10 engine and that R8 itself. It's no surprise, then, that the purest versions of the R8 - the earlier manuals - have seen insurance policy growth at three times faster than the Hagerty average over the last five years.

Lookups for the C5 Z06 Corvette have more than tripled since 2021, perhaps spurred on by the arrival of the all-new Z06 that is priced beyond what many enthusiasts can afford. Similarly, younger buyers are driving demand for the 350Z just as the all-new Z car starts to make its presence felt in 2022.

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Other vehicles on the Bull List include the 1992-2006 AM General Hummer H1 ($105,000-$127,300), 1968-1970 AMC AMX ($30,500-$40,600), 1985-1993 Saab 900 Turbo ($22,200-$25,800), and 1984-1988 Toyota Pickup 4x4 ($20,700-$26,700), so it's not only sports car fans that have a decent selection to choose from. The 1936-1947 Harley-Davidson Knucklehead is also noted, with examples in excellent condition valued between $90,300-$115,000.

"This year's Bull Market list includes a diverse range of vehicles, including microcars, muscle cars, sports cars, exotics, a motorcycle, and even a military-grade SUV. The common factor is timing - even against the current economic backdrop, we believe this group is poised to grow the most in value next year," said Vice President of Automotive Intelligence Brian Rabold. "Buying a fun car while it's on the way up means you can use and enjoy it while likely coming out ahead when it's time to sell."

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