Anyone who invests in a Saab now is smart. At least, according to the American insurance company Hagerty. This is why.
Back then the Saab brand alive & kicking their marketers were already claiming that Saab drivers were, on average, smarter than people driving other brands. Or at least: higher educated. Whether that claim was correct, we are happy to account for the long-bankrupt brand. But now claims insurer Hagerty something similar.
Now all sorts of things are being shouted, but Hagerty is not the first one to come. Hagerty is the company behind the authoritative Hagerty Bull Market List. The price development of classics and youngtimers is then tracked, partly based on auction revenues.
Don’t think you’re a bad buyer with the first rusty Saab 9-3 that has 4 tons on the counter. According to Hagerty, it is mainly the rarer Saabs that are becoming increasingly valuable. Then they don’t even necessarily mean special versions and versions, but also relatively ordinary Saabs in an exceptionally neat condition and with a low mileage.
According to Hagerty, the positive price development of Saabs started in 2021. That year, investors began to see Saabs as a favorable alternative to the increasingly expensive German premium models from the 1980s and 1990s. The increasing interest in Saabs reached a first peak in September 2021. That month was at the American auction house Bring a Trailer a Saab 900 Classic Turbo Aero from 1990 hammered at $ 57,750 (54,863 euros).
Saab of half a million
In February 2022 it was announced that a collector had paid 500,000 Swedish kronor (approx. 48,000 euros) for a Saab 96 V4 from 1979. The car had been parked in a shed immediately after delivery, not to come out for the first 40 years . With 7 – seven! – kilometers on the counter it was really as good as new.
Two months later, a Saab was sold in the US for 59,850 euros. Again a 900 Classic Turbo Aero. But things got really crazy in August 2022, when a Saab 900 Classic Cabriolet fetched a bizarre $ 150,000 (142,500 euros).
Saab prices up by 25 percent
Not much later, a virgin dark red Saab 99 Turbo 2 from 1980 was offered in Sweden. Despite the asking price of 50,000 euros, the car was quickly gone.
Young timers also have our full attention!
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According to Hagerty, the average value of the 10 most expensive Saabs auctioned at Bring a Trailer was $ 52,365 (49,746 euros). Lots of money? It is still much less than the average value of the 10 most expensive BMWs auctioned by Bring a Trailer ($ 457,000 / 434,150 euros). Compatriot Volvo also outperforms Saab with an average amount of (68,530 dollars / 65,104 euros) for the top 10. On the other hand, the average value of Saabs has increased by 25 percent since 2020. And that is way above average.
Modern Saabs are also on the rise
According to Hagerty, it is not only the (neo)classic Saabs that are on the rise. The 9-3 Viggen (1999-2000) and the Saab 9-3 Turbo-X (2008) are also rapidly increasing in value. Not mentioned by Hagerty, but mentioned by German experts, is the 225 hp Saab 9000 Aero (1993-1997). The only question is whether you can find a nice, stainless copy.
Will Saab prices continue to rise?
Can’t find a nice Saab 9000 and can’t find a spotless Saab 9-3 Viggen or 9-3 Turbo-X? Then you can also do good business with a relatively ordinary Saab 9-3 or Saab 9-5. As long as the car is original and the mileage is low. Especially the latter is not self-evident, because many Saab drivers were real mile eaters. In the United States, manual 9-3s and 9-5s with little experience are especially popular. Because demand is increasing and the supply of the relatively small brand is modest, it is expected that Saab’s price increase is far from over. So if Hagerty is to be believed, now is the time to make your move with one second-hand Saab.
Source: Autoreview.nl by www.autoreview.nl.
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