Report: Investing in blue-chip classic cars has been lucrative this decade

Filed under: Classics, Auctions, Earnings/Financials

Classic car values have been increasing quickly in the past decade.

There’s always a financial risk with investing in collectibles – and that includes cars. They must be maintained and stored, which costs more money, and ultimately sold (they’re investments, right?). On top of that, if they’re driven, they can be damaged or just lose value with more miles. But lately, the rate of return from investing in some collectibles – particularly classic cars – has been much higher than that of traditional investments, The Economist reports.

According to an index of the 50 most valuable automobiles compiled by the Historic Automobile Group and cited by The Economist, the past decade has been a great time to invest in blue-chip classic cars. Since 2002, their value has risen by almost 450 percent, which is a much larger increase than that of the MSCI World index, an index of stocks in developed markets, which increased by a relatively paltry 147 percent during the same period.

A case in point, The Economist points out, is one of the most expensive, ultra-rare classic cars to be sold at auction this year at Pebble Beach: a 1957 Ferrari 250 GT 14-Louver Berlinetta that sold for $9.46 million. The gavel price was within the car’s estimated price range of $9 million to $11 million. An even better case in point at Monterey Week this year was the 1967 Ferrari 275 GTB/4 NART Spider that sold for $27.5 million, a record sum for a car sold in the US – the second-highest price paid for a car at auction ever. On top of that, it beat the high end of its presale estimate by over $10 million! The most expensive auction car ever remains Juan Manuel Fangio’s Mercedes W196R F1 racer, which sold earlier this year for $29.65 million. Last year, a 1936 Mercedes-Benz 540K von Krieger Special Roadster was auctioned off for almost $12 million. In 2011, a 1957 Ferrari Testa Rossa prototype sold for over $16 million. You get the picture.

But if you’re not into making money on classic cars, then maybe you should start a collection of stamps, coins or violins, all of which have been increasing in value for the past decade. Or just go to work.

Investing in blue-chip classic cars has been lucrative this decade originally appeared on Autoblog on Tue, 03 Sep 2013 16:31:00 EST. Please see our terms for use of feeds.

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Report: Investing in blue-chip classic cars has been lucrative this decade

Filed under: Classics, Auctions, Earnings/Financials

Classic car values have been increasing quickly in the past decade.

There’s always a financial risk with investing in collectibles – and that includes cars. They must be maintained and stored, which costs more money, and ultimately sold (they’re investments, right?). On top of that, if they’re driven, they can be damaged or just lose value with more miles. But lately, the rate of return from investing in some collectibles – particularly classic cars – has been much higher than that of traditional investments, The Economist reports.

According to an index of the 50 most valuable automobiles compiled by the Historic Automobile Group and cited by The Economist, the past decade has been a great time to invest in blue-chip classic cars. Since 2002, their value has risen by almost 450 percent, which is a much larger increase than that of the MSCI World index, an index of stocks in developed markets, which increased by a relatively paltry 147 percent during the same period.

A case in point, The Economist points out, is one of the most expensive, ultra-rare classic cars to be sold at auction this year at Pebble Beach: a 1957 Ferrari 250 GT 14-Louver Berlinetta that sold for $9.46 million. The gavel price was within the car’s estimated price range of $9 million to $11 million. An even better case in point at Monterey Week this year was the 1967 Ferrari 275 GTB/4 NART Spider that sold for $27.5 million, a record sum for a car sold in the US – the second-highest price paid for a car at auction ever. On top of that, it beat the high end of its presale estimate by over $10 million! The most expensive auction car ever remains Juan Manuel Fangio’s Mercedes W196R F1 racer, which sold earlier this year for $29.65 million. Last year, a 1936 Mercedes-Benz 540K von Krieger Special Roadster was auctioned off for almost $12 million. In 2011, a 1957 Ferrari Testa Rossa prototype sold for over $16 million. You get the picture.

But if you’re not into making money on classic cars, then maybe you should start a collection of stamps, coins or violins, all of which have been increasing in value for the past decade. Or just go to work.

Investing in blue-chip classic cars has been lucrative this decade originally appeared on Autoblog on Tue, 03 Sep 2013 16:31:00 EST. Please see our terms for use of feeds.

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Kelley Blue Book has a new look

Filed under: Car Buying

kelley blue book new homepage

Kelley Blue Book’s new look – Click above for high-res image gallery

A Kleenex, a Band-Aid, a Thermos. Sometimes, one product in a segment becomes so ubiquitous that it becomes a brand-name ambassador for the entire genre. Say “pass me a Kleenex” and you will receive a tissue, regardless of what the side of the box it’s plucked from reads. If you need a Band-Aid, someone will find you an adhesive dressing. Thermos? Same deal.

Kelley Blue Book is one such brand name.

In 1926, Les Kelley published his first Blue Book. Originally a packet of pages filled with his valuations for used cars, the Blue Book expanded to include new cars in 1966. As our world became increasingly digital, Kelley Blue Book extended its footprint to the Internet in 1993, and the Kelley Blue Book soon began to enter the lexicon of the car buying consumer in a new way.

Now, in 2011, KBB stands as the largest automotive valuation company. That’s 85 years in business and 18 years on the web, and now, like the Orange County neighbors that surround KBB HQ, the brand is ready for a facelift.

Continue reading Kelley Blue Book has a new look

Kelley Blue Book has a new look originally appeared on Autoblog on Thu, 26 May 2011 18:31:00 EST. Please see our terms for use of feeds.

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Video: Putting the “Ford” in The Blue Oval’s new Ranger pickup

Filed under: Truck, Videos, Ford, Australia

water testing the new ford ranger

Fording with the Ford Ranger – Click above to watch video after the jump

If you’re a Ranger fan, the video posted after the jump is going to make you sad. Ford engineers in Australia filmed the new but not-for-U.S.-consumption truck as its water wading capabilities were put to the test. The results were heaps good.

Ford’s new Ranger is available in a Hi-Rider version that’s capable of, ahem, fording through an impressive amount of water. Starting at a depth of two-inches, the engineers kept pushing until they were driving through 31.5 inches of engine-killing fluid. The two-inch deep pool is used to simulate long puddles, and the truck is run through at 19, 31 and 40 miles per hour. When filled to the max, the test area is traversed at a much slower 4 mph.

In order to achieve these results, Ford raised the air intake and alternator to a spot where they stay above the water line. Crucial components that sit lower are water-proofed. Click past the jump to see the testing in action, and be sure to read more about the Ranger in the full press release.

[Source: Ford]

Continue reading Video: Putting the “Ford” in The Blue Oval’s new Ranger pickup

Video: Putting the “Ford” in The Blue Oval’s new Ranger pickup originally appeared on Autoblog on Mon, 04 Apr 2011 19:58:00 EST. Please see our terms for use of feeds.

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Second Spin: 2014 Volkswagen Golf Blue-e-motion

Filed under: Europe, Technology, Hatchback, Volkswagen, First Drive, Electric

Wolfsburg Questions Its Own Wisdom With EV Golf

Volkswagen Golf Blue-e-motion

2014 Volkswagen Golf Blue-e-motion – Click above for high-res image gallery

Yes, we know. “2014” sounds so impressively future-y, doesn’t it? When we’re testing a car and the R&D people involved look at us and say it won’t be on the market until 2014, our eyes dilate, too. “Wow,” we say to ourselves while keeping a straight face in front of the mega-powerful board member, “That’s like space travel and everything!”

So yeah, we get emotional.

It’s understandable, too, because we’re in the mothership for what seems like half of the world’s significant automotive brands. It’s the Volkswagen Group’s Wolfsburg HQ on the vast verdant lowlands of northern Germany in the region of Lower Saxony. There is no Upper Saxony, by the way. We looked.

We’re here to get a personalized infotainment-filled test of the already much commented-on Volkswagen Golf Blue-e-motion. It’s coming to the United States in… 2014.

Continue reading Second Drive: 2014 Volkswagen Golf Blue-e-motion

Gallery: 2014 Volkswagen Golf Blue-e-motion: Second Spin

2014 Volkswagen Golf Blue-e-motion2014 Volkswagen Golf Blue-e-motion2014 Volkswagen Golf Blue-e-motion2014 Volkswagen Golf Blue-e-motion2014 Volkswagen Golf Blue-e-motion

Photos copyright (C)2011 Matt Davis / AOL, Courtesy of Volkswagen

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Second Spin: 2014 Volkswagen Golf Blue-e-motion originally appeared on Autoblog on Mon, 21 Mar 2011 11:58:00 EST. Please see our terms for use of feeds.

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Report: Alan Mullaly, Bill Ford Jr. get huge bonuses from Blue Oval *Update

Filed under: Etc., Ford, Earnings/Financials

Bill Ford Jr. and Alan Mulally

Ford Motor Company Executive Chairman Bill Ford, Jr. and Chief Executive Alan Mulally have reportedly been given big-time bonuses by the Blue Oval for keeping things moving when General Motors and Chrysler filed for bankruptcy. Mulally received $56.5 million worth of Ford stock before taxes and Ford got stock worth $42.4 million.

Ford, Jr. hired Mulally from Boeing in 2006, before they went around to different banks to secure restructuring loans to stay solvent through the lending crisis and economic recession. In 2010, Ford saw its best year since 1999, clearing $6.6 billion in profits.

To add to their enormous bonuses, the Los Angeles Times says that Ford, Jr. and Mulally opted to purchase Ford stock at $14.76 a share. *Update: Ford tells us that Ford, Jr. and Mulally do indeed have stock options but have not cashed them in at this time. Market value of Ford stock rose three percent today to $14.46 a share.

[Source: Los Angeles Times | Image: Bill Pugliano/Getty]

Report: Alan Mullaly, Bill Ford Jr. get huge bonuses from Blue Oval *Update originally appeared on Autoblog on Tue, 08 Mar 2011 15:32:00 EST. Please see our terms for use of feeds.

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Barrett-Jackson 2011: Grab your wallet for a Grabber Blue Boss 302 *Update

Filed under: Coupe, Performance, Auctions, Ford

2012 Ford Mustang Boss 302 Laguna Seca in Grabber Blue

2012 Ford Mustang Boss 302 Laguna Seca in Grabber Blue – Click above for high-res image gallery

We eagerly await the day someone hands us the keys to a 2012 Ford Mustang Boss 302 Laguna Seca. When that day arrives, we know the color of the will unfortunately not be Grabber Blue.

Regular production versions of the car will only be offered in either black or silver with red accents… and that’s a darn shame – we can say with certainty that the Boss 302 here at Barrett-Jackson looks damn good in Grabber Blue. All proceeds of the sale above the car’s MSRP will benefit the Juvenile Diabetes Research Foundation to help find a cure for Type 1 diabetes.

Click here to read everything you need to know about the Boss 302 Laguna Seca, then check out our high-res image gallery below.

If you’re not playing Speed’s Online Fantasy Bid Game, now would be a good time to start – this Mustang is the current vehicle online users are bidding on, and you could end up winning a prize, like an Apple iPad.

*Update: The winning bid was a staggering $450,000.

Gallery: 2012 Ford Mustang Boss 302 Laguna Seca at Barrett-Jackson 2011

Photos copyright 2011 Jeff Glucker and Jeremy Korzeniewski/AOL

Barrett-Jackson 2011: Grab your wallet for a Grabber Blue Boss 302 *Update originally appeared on Autoblog on Sat, 22 Jan 2011 21:50:00 EST. Please see our terms for use of feeds.

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CES 2011: Blue Link is Hyundai’s answer to OnStar

Filed under: CES, Safety, Technology, Hyundai

Hyundai Blue Link

Hyundai Blue Link – Click above for image gallery

As part of its quest to match the rest of the industry point-for-point, Hyundai has just announced at the Consumer Electronics Show that it’s entering the world of telematics with the introduction of Blue Link, its first foray into the safety and convenience sphere.

Similar to OnStar, Blue Link handles everything you’d expect, specifically directions with turn-by-turn navigation, point-of-interest searches, remote door-locking/unlocking, vehicle health reports, maintenance scheduling, crash notification, remote start and – according to Hyundai – 30 other features at launch. Included is a vehicle slowdown feature to aid police if the vehicle is stolen and a new “geofencing” system that sends a text message to the owner if the vehicle strays outside a prescribed area or route. Little Jimmy will not be pleased.

Hyundai is also touting a new voice-to-text feature that allows drivers to reply to a text message with custom commands rather than canned responses.

Blue Link is set to arrive this spring, initially on the Sonata sedan and a “youth-focused model” (*cough* Veloster *cough*) before the summer, with the system rolling out to every Hyundai by 2013. Hit the jump for the full details.

Gallery: Hyundai Blue Link

[Source: Hyundai]

Continue reading CES 2011: Blue Link is Hyundai’s answer to OnStar

CES 2011: Blue Link is Hyundai’s answer to OnStar originally appeared on Autoblog on Wed, 05 Jan 2011 13:00:00 EST. Please see our terms for use of feeds.

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Will Ford’s Sync lose ground to Fiat’s Blue & Me?

Filed under: Technology, Ford, Fiat

Microsoft branded auto USB port

It recognizes hundreds of voice commands. It will interface with your Bluetooth-enabled smart phone. It was co-developed with Microsoft. Sounds like Ford’s popular SYNC tech, right? Sure does, but it also smacks of Fiat’s Blue & Me system that has been in production in Europe since 2007. The technology will be available stateside when the tiny Fiat 500 goes on sale early in 2011. The cost? $500 in a base 500, and the system is standard on uplevel Sport and Lounge models.

Like the Fiat 500 itself, Blue & Me certainly sound compelling, but it’s one small niche product in a sea of cars, trucks and crossovers. Perhaps more significant is the fact that Fiat’s infotainment tech could be available in Chrysler products as early as 2012. And while B&M apparently doesn’t do everything as well as SYNC, it also carries some advantages of its own. For instance, 500 Sport and Lounge buyers can shell out an extra $400 for an optional Tom Tom navigation system that interfaces with the voice command system. Fiat also enables drivers to download their driving habits to a USB stick and load it to a website called Eco:Ville. The site will process the data and give drivers tips for more efficient driving.

So will Blue & Me become as popular as SYNC? Who knows, but at the very least it’s nice to see that competition for Ford’s system is on the way.

Gallery: LA 2010: 2011 Fiat 500

2011 Fiat 5002011 Fiat 5002011 Fiat 5002011 Fiat 5002011 Fiat 500

[Source: Detroit Free Press]

Will Ford’s Sync lose ground to Fiat’s Blue & Me? originally appeared on Autoblog on Tue, 30 Nov 2010 18:01:00 EST. Please see our terms for use of feeds.

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