Classic Cars as Investments

69 Chevelle for sale

Classic car prices have obviously risen over the last decade, and even though there are currently more buyers than sellers, many financial advisors consider investing in classic cars a complex pursuit. The demand for good classic cars has grown due to several different factors including a global increase in wealth, the growth of the Internet and more collectors’ oriented publications. Another factor in favor of classic cars as investments is the fact that they can also be easily transported to other markets or countries if necessary to secure a good price.

When there is more information about classic cars available, more people get interested in them. These factors combined have resulted in a marketplace where many classic cars have risen nearly 500% in value over just the last ten years. Although there are no current indications that the market will soften anytime soon, there are a lot of people jumping into the game today and many of the people buying classic cars that cost over $100,000 today are investors, who see classic cars as an alternative asset class. Not surprisingly, many buyers today are from other countries and they are looking for a good place to park their money for a while. Many of those foreign investors also pay cash for their classic car purchases here.

These factors all contribute to rising prices in the market, just as a car’s pedigree and history of who owned it, where it was stored, who worked on it, and what they did to it are also important. People who make money on classic cars often have both an automotive education and enough financial discipline to buy and sell at the right time and price.

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2015 OPGI Summer Sale Catalogs

Summer-Sale-PR

Original Parts Group Inc. (OPGI), the industry’s leading supplier and manufacturer of restoration and high-performance parts for classic GM cars, is pleased to announce the availability of five new 2015 summer sale parts catalogs that are available online and feature thousands of in-demand restoration parts and accessories at savings up to 30% off their regular price.

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GM – Most Made in America Brand

Made In the USA

Although nearly every new car sold by the Detroit Big Three manufacturers currently utilize components from suppliers outside the United States, the American Automotive Labeling Act considers a motor vehicle with 75% or more of its components sourced from the United States or Canada as a domestic product. In case you were wondering which of the Big Three manufacturer’s cars might be the most “domestic” in parts content, we need only look at the Made in America Index compiled by the Kogod School of Business at American University in Washington D.C.

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2015 Edition 1970-77 Monte Carlo Restoration Parts Catalog

2015-Monte Carlo Catalog

Original Parts Group Inc. (OPGI), the industry’s leading supplier and manufacturer of restoration and high-performance parts for classic GM cars since 1982, has released the final edition in the 2015 series of Restoration Parts Catalogs. The release of the 2015 edition of the 1970-77 Monte Carlo Restoration Parts Catalog marks the ninth and final catalog this year. From interior and body parts to engine parts, sheet metal, bright trim and everything in between, the 2015 edition of the 1970-77 Monte Carlo Restoration Parts Catalog contains 312 pages of the widest selection and best prices on the highest-quality parts for your classic Monte Carlo restoration project.

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Chevelle Replacement Center Console Installation

Chevelle Console Kit

Chevelle Console Kit, Turbo Hydra-Matic w/Shifter

The appearance and function of a classic Chevelle’s center console is an area of prime importance because the console is both highly visible and an essential control component at the same time. The center console is also one area of the interior that can look really great when restored to original specs. Chevelles with worn-out or damaged center consoles as well as those that came from the factory without center consoles at all, can both benefit from the installation of a complete new console assembly. That’s why Original Parts Group, Inc. (OPGI) now offers complete center console reproduction kits for the most popular Chevelles.
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2015 Edition 1961-72 Skylark, Special, GS & GSX Restoration Parts Catalog

2015 OPGI Skylark Catalog

Original Parts Group Inc. (OPGI), the industry’s leading supplier and manufacturer of restoration and high-performance parts for classic GM cars since 1982, has released the 2015 edition of 1961-72 Skylark, Special, GS & GSX Restoration Parts Catalog which includes nearly every part needed to restore your classic Buick. From interior and body parts to engine parts, sheet metal, bright trim and everything in between, this newest OPGI catalog contains 296 pages of the widest selection and best prices on the highest-quality parts for your Buick Skylark, Special, GS or GSX restoration project.

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OPGI Customer Car Spotlight: 1953 Cadillac

COLMAN 227346 007

Although most of the cars featured in our Customer Car Spotlight installments are usually from Southern California, this weeks’ customer car comes from a bit farther away, as this very nice 1953 Cadillac two-door hardtop belongs to Original Parts Group Inc., customer Lee Coleman of Phoenix, Arizona.

Although Lee’s Cadillac was treated to a complete, frame-off restoration, the car is a bit unusual in that it wasn’t just restored to original specifications, but instead restored and improved with some modern appointments to improve the driving experience beyond the level delivered back in 1953. In addition to the obvious restoration work, under the hood the original 331 cubic inch Cadillac powerplant was replaced with a fresh 2004 LS1 V-8 backed by a modern GM automatic transmission. Lee’s Caddy also received new power steering and power brakes along with a modern air conditioning system. When installing the new A/C system, Lee decided to add a custom radiator along with a freshly chrome plated radiator tank, fan housing and air conditioning compressor. A new alternator and all of the brackets and pulleys were chrome plated too.

One very visible modification on the exterior of the car is the addition of 17-inch wire wheels that somehow look appropriate despite their non-original factor. Lee also added a full air bag suspension system with a four link setup in the rear to bring the suspension up to the level of the enhanced performance found under the hood. New upholstery, headliner and door panels along with NOS tinted glass make the interior look better than it probably did in 1953. Of course, all of the exterior chrome pieces and bumpers were straightened and re-chromed prior to the final body and paint work.

When all of the work was completed, Lee hired an appraisal expert to help him determine a replacement value for insurance purposes. That appraisal came in right at $75,000 and the written evaluation stated that “The entire vehicle has been rebuilt from the ground up and the resulting product reflects great attention to detail and pride in workmanship.” We can only add that we completely agree with that appraisal.

1953 Cadillac Two-Door Hardtop
Lee Coleman, Phoenix, Arizona
2004 LS1 V-8
Jet Black Paint
17-inch Chrome Wire Wheels
Air Suspension System

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2015 Edition of 1963-76 Riviera Restoration Parts Catalog

2015-Riviera

Original Parts Group Inc. (OPGI), the industry’s leading supplier and manufacturer of restoration and high-performance parts for classic GM cars since 1982, is pleased to announce the availability of the 2015 edition of the 1963-76 Riviera Restoration Parts Catalog which includes nearly every part needed to restore your classic Buick. From interior and body parts to engine parts, sheet metal, bright trim and everything in between, this newest OPGI catalog contains 176 pages of the widest selection and best prices on the highest-quality parts for your Riviera restoration project.

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OPGI’s 2015 Classic Car Show

OPGI_Car_Show_40

Post continues after photo gallery…

Original Parts Group, Inc. once again hosted its annual free Classic Car Show at the OPGI headquarters in Seal Beach, California on Saturday, April 11th. The April weather cooperated and delivered yet another perfect day of Southern California sunshine for the show that seems to get better with each passing year as OPGI continues to present great classic cars in a fun and family-friendly, seaside location. Nearly 200 classic cars and a variety of restoration and aftermarket accessory vendor displays helped create the perfect backdrop for an automotive-themed day of fun in the sun. The Seal Beach Lions Club was on hand to serve both breakfast and lunch and a film crew from the Lokar Car Show on the Velocity Channel documented all of the action for television broadcast.

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2015 Edition of 1961-77 Cutlass, F-85 & 4-4-2 Restoration Parts Catalog

2015-Cutlass

Oldsmobile fans take note: Original Parts Group Inc. (OPGI), the industry’s leading supplier and manufacturer of restoration and high-performance parts for classic GM cars since 1982, is pleased to announce the availability of the 2015 edition of the 1961-77 Cutlass, F-85 & 4-4-2 Restoration Parts Catalog that includes nearly every part needed to restore your classic Oldsmobile. From interior and body parts to engine parts, sheet metal, bright trim and everything in between, OPGI offers the widest selection and best prices on the highest-quality parts for your F-85, Cutlass or 4-4-2 restoration project.

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