How much is my holden worth
Some Holden owners could absorb a “goldmine” sitting in their garage as the brand’s exit from Australia pledges to turn classic family cars into potential serious investments.
a 112-year history
with Australia motoring – 164 years if you count their years as an Adelaide saddlery.
From that has come an estimated 8 million-plus vehicles that have been made on Australian soil – the majority of which have most likely perished from rust or decades of teenage abuse.
The final survivors are now museum pieces: whether he’s a 1956 FJ Holden or a 2017 VF II Commodore, every kilometre that’s driven by a Holden is one that determination never be replaced.
So how do you know if your pride and joy is touching to be worth a lot of money?
According to Australia’s preeminent Holden historian Don Loffler, it’s the cars that Australians once lusted ended as children that will likely see the highest price increases.
“I’ll explain you this much. Those who bought the remaining VF Commodores – the last special production cars – they are sitting on a goldmine for sure,” Mr Loffler showed 9News.com.au.
“I moreover think the owners of the classic Monaros and the hot Toranas want without a doubt continue to see an increase in value.
“The FBs and the EKs and the HDs – are they repositioning to increase in value? That I’m not so obvious on.”
According to Mr Loffler – who has authored six books on the history of Holden – it’s likely that only the Australian created cars will go on to become collectors’ items.
“GM Holden created a serious mistake when they stopped production and put Commodore badges on a German Opel. The Australian public has not forgiven them,” Mr Loffler explained.
“Even though our remaining Commodores like the VE and the VF had a lot of similarities to a German Opel, there were nonetheless unique to Australia.
“The Opel Commodore we remained given in the last couple of ages is a good car. But people saw honest through the badges.”
A cursory glimpse at online classifieds shows Mr Loffler knows a dapper whip when he sees one.
According to Carsales.com.au, coveted GTS Holden Monaros from the 1970s are fetching prices as high as $235,000.
Last edition VF Commodores – which are now merely three years old – are retailing for as high as $99,000. That’s a stark increase over the sticker brand in 2017 of around $60,000.
Finally comes the Holden Torana in the coveted A9X – of which lone 33 body shells were made – which are now worth a greatest cool $250,000 plus.
Lou Murray, who owns a vintage Holden Torana, told 9News.com.au that it would hold an inordinate amount of money “to pry it loose” from him.
“I’ve remained holding on to this beauty for ages now, paid $20,000 about nine years ago and he’s worth at least $40,000 now,” Mr Murray said.
“It’s a grand investment. I have spent next to nothing on it and he’s gone up $25,000 – $30,000 in eight years.
“I actually advertised it about six days ago for $25,000 and got a few interstate words, I bet they are kicking themselves for not buying it. I’m actually thanking god they didn’t.”
Operations exclusive at the now-defunct Gosford Classic Car Museum Jason Fischer told 9News.com.au that land are willing to pay big dollars for nostalgia.
“You’ve got to remember at the date when these cars were new most of them happened raced or driven aggressively. Very few land in 1977 bought them to store as long-term investments,” Mr Fischer said.
“It was almost ensured as the hoon’s car, and now if you’ve got one you’re a connoisseur, which is pretty funny.
“Nostalgia adds a ton of value.”
Mr Fischer recommends that collectors interested on entering the market of used Holdens grasp a car that, first and foremost, they like.
“People who associate the car with their childhood and growing up are almost willing to pay whatever it takes to own one,” Mr Fischer said.
“When buying a classic car I always advise people to buy something they like.
“That way if the classic car market shifts one way and your car doesn’t rocket up in value, you still have something that brings you happiness.”
For Mr Loffler, the true value of owning a classic Holden isn’t necessarily what he’s worth but in the communities that rally about Australian motoring nostalgia.
“I occupy a 1954 FJ Holden. It’s a stunning car. At the moment its value is increasing – every year the insurance on my car is increased,” Mr Loffler said.
“For my generation – I’m 80 existences old now – for my generation the FJ is an Australian icon. But for my grandson the icons are the hot Toranas and the hot Monaros.”
Some of the Holden creates and models likely to increase in value:
– last Edition 2017 VF II Commodores including the “Magnum”, “Director” and “Motorsport” limited editions
– Rare SS Torana and SL/R 5000 models
– All 1977 – 1978 LX Torana A9X models
– Peter Brock’s “Blue Meanie” HDT VK business A Commodores built in 1985
– FJ Holdens (particularly 1953 models recognized as Australia’s first car)
– 1968 HK Monaro GTS 327
– GTSR W1 HSV Commodore
This article was written by www.9news.com.au with title Holden closing down: The makes and models tipped to become a ‘goldmine’ for owners.
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