10 Classic Cars And SUVs That Are Set To Rise In Value In 2022

As prices of used vehicles rise so high that they’re actually messing with the national inflation rate, Hagerty is looking forward to 2022. It has, once again, published its list of classic vehicles whose values, it believes, are climbing even faster than the rest of the industry.

The list is ten vehicles long and features an interesting variety of surprising classics and intriguingly modern options. It also features one vehicle whose rising value I find personally troubling.

The list:

1963-1967 Mercedes-Benz 230SL
1965-1970 Cadillac DeVille
1966-1967 Pontiac GTO
1969-1974 Ferrari 246 Dino
1975-1993 Volvo 245
1979-1985 Mazda RX-7
1983-1997 Land Rover Defender
1985-1995 Suzuki Samurai
1992-1995 Porsche 968
2008-2012 Tesla Roadster

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The list features a number of surprises, in no small part because more than a few of the cars featured are anything but hidden gems. The Mercedes 230SL Pagoda, the Ferrari 246 Dino, and the Pontiac GTO’s appeals are already well-known. Hagerty argues, though, recent dips and new audiences are pushing their values even higher.

That has led to values rising 35 percent between 2020 and 2021 for the Mercedes, five percent for the Ferrari, and 14 percent for the Cadillac. The Pontiac, meanwhile, has seen its prices stay stagnant this year, but Hagerty argues that their prices are modest compared to other muscle cars and that there’s no good reason for them to stay that way.

Others, like the Porshe, the Volvo, and the Mazda, are more what you would expect for this kind of list. Classics with underground followings that are finally getting their moment to shine. As the former owner of a 1984 Mazda RX-7, who sold it in 2017 for the princely sum of $1,500, I can tell you that the discovery that their values have risen 137 percent since 2016 feels wonderful. Feels great. I love it so much. Couldn’t be happier for the guy I sold it to.

Between 2020 and 2021, meanwhile, values for the Porsche 968 have risen eight percent, 26 percent for the Mazda RX-7, and five percent for the Volvo 245.

The off-roaders also make sense. As the hobby gains more and more traction and the appeal of classics expresses itself, it was only a matter of time before the good examples became valuable. That means that values for the Suzuki Samurai have risen 5 percent over the last 12 months, while values of the Land Rover Defender have risen 26 percent.

The true oddball on the list is the Tesla Roadster, as values for electric classics haven’t exactly been known for their impressive size. It’s easy to understand how the genesis of a modern powerhouse in the industry could start gaining value, though. Prices have risen eight percent in the last 12 months with both Gen Xers and Millennials driving interest in the Lotus-based sports car.