Rob Kinnan
Brand Manager, Mustang Monthly
January 11, 2019

Collector car insurance company Hagerty occasionally releases lists of various automotive-related things, and its latest concerns the valuation of emerging late-model collectible vehicles, one of which is the first-generation Saleen Mustang.

The company said its list is “Created by the valuation experts at Hagerty, this year’s annual Bull Market list includes 10 mostly later-model cars and trucks that are fun to drive and poised to rise in value. The list was compiled using data from the Hagerty Price Guide, Hagerty Valuation Tools, Hagerty auction research and requests for insurance quotes. Formed in 2011, Hagerty’s valuation team is the most experienced and authoritative in the collector car hobby, inspecting more than 14,000 auction vehicles per year and providing more than a million car values in the annual Hagerty Price Guide.” So when it comes to market value, the list is probably pretty accurate.

Most are aware that the Fox-chassis Mustang is finally seeing some life when it comes to pricing, and sure enough Hagerty’s list includes the 1984-1993 Saleen Mustang. About the car they say, “Bone-jarringly stiff, unapologetic, absolute race cars for the street, these early Saleens are still trading for not much more than a garden-variety Fox-body Mustang GT. For now. Don’t say we didn’t warn you.” We’ll take issue with the comment about a Saleen going for “not much more than a garden-variety Fox-body” but otherwise we’ll buy it. Foxes are finally coming around in value, and the restoration market is booming for them now, which is one of the main reasons that Mustang Monthly magazine is now featuring resto and mild performance Fox-body stories.

Also on the list are the predictable European and Japanese cars like BMWs, the 1997-2004 Porsche Boxster (really, a Boxster?), Toyota MR2 (ew) and others, though the 1980-1986 Bronco also made the list. About the Bronco, Hagerty said, “Jurassic-period simplicity; parts available at the grocery store. A usable classic that carries your dogs. There wasn’t a big performance difference between all the model years, so there isn’t a big falloff in values from the ’70s to the ’80s. Millennials are twice as likely to quote a third-gen as a first-gen because they’re cheaper; a Bronco in #2 condition can be had for $15K.”

Photography by Hagerty