- Joined
- Apr 21, 2013
- Messages
- 2,791
Hagerty thinks the red hot pricing may be dropping on early Broncos...but only slightly. They say about 8% less from the crazy high prices of last few years, I guess time will tell. Here's their story -
"1966-1977 Ford Bronco -8%
It’s not a Muscle Car, but we’ve discussed the first generation Ford Bronco for a very long time. Never, though, in terms of softening values. In fact, the first-gen Bronco has been one of the hottest collector vehicles to emerge over the past few years. Values of exceptional, stock examples have regularly tipped the scales at the six-figure mark in 2022.
Broncos have now gotten to a point where the average collector is priced out of the market, and $100,000+ starts to look like a lot of money for a utilitarian vehicle with few amenities. But let’s be honest here, we don’t buy classic trucks for the amenities. In the grand scheme, an 8-percent loss on early Broncos isn’t that much. However, zoom out to the rest of the model series and take note: later generations also experienced declines, with some models even seeing value losses in consecutive quarters. While it takes more than one publication to make a trend, it certainly looks like we could finally be at the end of the first-gen Bronco’s unprecedented hot streak."
"1966-1977 Ford Bronco -8%
It’s not a Muscle Car, but we’ve discussed the first generation Ford Bronco for a very long time. Never, though, in terms of softening values. In fact, the first-gen Bronco has been one of the hottest collector vehicles to emerge over the past few years. Values of exceptional, stock examples have regularly tipped the scales at the six-figure mark in 2022.
Broncos have now gotten to a point where the average collector is priced out of the market, and $100,000+ starts to look like a lot of money for a utilitarian vehicle with few amenities. But let’s be honest here, we don’t buy classic trucks for the amenities. In the grand scheme, an 8-percent loss on early Broncos isn’t that much. However, zoom out to the rest of the model series and take note: later generations also experienced declines, with some models even seeing value losses in consecutive quarters. While it takes more than one publication to make a trend, it certainly looks like we could finally be at the end of the first-gen Bronco’s unprecedented hot streak."