billios996

$35k in 2020 beats the depreciation of a typical car by a lot which, at minimum, makes this car a better purchase than a typical car. is the 2sk an investment where you expect a financial return? That remains to be seen.

rob-2

True. We'll see how I do with the sale of my car and if all this flapping gums about prices risen materialize.

DrakeValle

I'm sure the value of the S2000 will rise as it ages, but it will not be a car that is easy to sell at the price it is worth.

billios996

True. We'll see how I do with the sale of my car and if all this flapping gums about prices risen materialize.
[/quote]

AP2's are retailing for > $25k in my area with low miles and > $30k with really low miles.

jimmy-buffett

Let's look at some other cars for comparison:

Factory turbo Supra's with decent miles / mostly unmodified sell today for pretty much what they sold for brand new. That's ~$45K in 1990's dollars, which is a lot more money today. There's less than 8000 of them in the country.

'97+ NSX's (the 3.2L) with under 100K miles don't go for less than $50K, and even then there's less than 3000 of them in the country. There's 88 Laguna Blue '02+'s in the country, I know because that's the one I'd buy if I had the money.

So now let's compare that to the S2000, of which there are over 66,000 of them in the country. It's a safe bet, then, that the prices for most of them will never approach what was paid for them new. A low-mileage CR to a collector, sure, but most of them won't make it back up that high.

With that said, is it a future classic? Absolutely. Two things make a car a classic: did it stand apart from the pack when it was originally built, and are the people who were 16-28 when it was made now in their 40's/50's and able to pay lots of money to get one. Trust me, in 15 years nobody will be clamoring to buy a 2000's Mitsubishi Eclipse.

Buy the best S2000 you can get your hands on, take care of it, drive the hell out of it, and odds are in 10-15 years you won't lose a dime on it. That would be my prediction. But there's far too many of them to get too crazy with the collector-car prices.

GNN60GT500

There was 66000 sold new----but lets look at the numbers today


According to the original spreadsheet- there were 36,968 AP1s sold new in the country- today, only 29,215 of the AP1s are still on the road...(We have data that can tell us how many S2000s are registered in the country as of today and where those cars are registered at- which we pay ALOT of money for, so I wont break it down any farther then that)

So congrats- all of those S2000 crash videos....if the original numbers are correct, then S2000 owners have managed to total 20% of all AP1 S2000s

And at the current rate that we continue to see people screw these cars up- it wouldn't surprise me if in a few years the number was closer to only 40000 total on the road

cosmomiller

Thanks for the post. I am quite curious where you got that data. Mind sharing?

DrakeValle

We're really talking about two different things in this thread. Whether the car will be a classic, and then whether its value will surpass its original market price.

The car will 100% be a classic. The number of cars on the road really has no affect on that. Look at the number of cars Ford and Chevy have put on the road over the last 50+ years, and look at how many of them are considered classics. Really just about any car over 20 years old has been considered a "classic".

Heck, Chevrolet put 400,000+ Camaros on the road in 1967. The original sale price was $2,466 for the base model. Now you can't even find a rolling shell for that, unless its really eaten away by rust. Of course the markets change and value of the dollar changes, ect. So that has a huge affect.


I think the S2000 value will continue to rise, as more and more leave the road due to crashes and being molested. I still think that they will not have the same following that many of the true "classics" have... but we will see.

GNN60GT500

Sure no problem- You can purchase the data from POLK or Experian- You are paying for vehicle registration information - so I have access down to the zip code where every single S2000 currently registered lives today. I work in the automotive aftermarket.

It includes any option of the car which is coded into the VIN- so say if color was coded into the VIN (which it is not- too bad!- would be cool to know), I could tell you where every S2000 of a certain color lived down to the zip code in the US.

SalineHornet

Just got this update from Kelly Blue Book..

Your Kelley Blue Book[sup]® [/sup]Values have changed
for the week of May 16, 2014 to May 22, 2014

4% Increase in Value
since Apr 19, 2014

2005 Honda S2000 Convertible 2D


Mileage: 5000