July 2015

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The Locator Magazine

Top 10 Collector Convertibles For Long Term Investment

Summer is the time for crusin’ in a convertible! And Forbes.com has created a list of the top convertibles for summer which are affordable vintage ragtops and may even increase in value over time. Forbes created the list from car insurer Hagerty, www.hagerty.com, and all the vehicles on the list sell for $5,000 to $35,000. Hagerty called the vehicles “sound financial decisions” that are reasonably reliable with repair parts readily available.

Collector Car Appreciation Day Is July 10

The SEMA Action Network (SAN) announced that the next “Collector Car Appreciation Day” will be celebrated on July 10, 2015. The date marks the sixth consecutive commemoration in what is now an annual event to raise awareness of the vital role automotive restoration and collection plays in American society.

Classic Cars Have Reached the 1980s And Newer

There was a time classic and collector cars meant metal, fins and muscle. Now, in 2015, many classic vehicles have come off the assembly line in the 1980s, 1990s and even the 2000s. Hagerty Insurance, which specializes in collector car insurance www.hagerty.com, noted that it covers vehicles from the 1980s and newer if they meet certain criteria. That’s good news for collectors of newer vehicles that want a break on insurance rates.

Old May Become New Again

If you’ve ever wanted to own a 1965 Shelby Cobra 427 Competition roadster, but don’t have $1.9 million lying around (the current cost per Hagerty’s Classic Car Price Guide), you could be in luck. A new bill was introduced that would allow companies across the United States to manufacture turnkey replica cars from kits. This could be a huge win for collectors that don’t have the time or expertise to build their own car. A complete kit for the 1965 Shelby Cobra costs around $12,000 - $20,000, for example.

Maryland Historical Vehicles Win License Plate Legislation

A Maryland bill to allow only a single license plate to be issued to historic vehicles and street rods was signed into law by Governor Larry Hogan in early May 2015.
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