Bust A Move And Be A Trendsetter By Insuring That Eighties Classic As A CollectorÂs Item
American Collectors Insurance Announces Market for Classic Cars of the Â80Âs
Cherry Hill, NJ (PRWEB) February 10, 2005
Did you ever hear the saying, ÂEverything that is old is new again?Â Well, thatÂs especially true in the case of the 1980Âs. Eighties classics are back in a big way in 2005. So, dust off your Swatch, grab your best pair of Jordache jeans and peg them tight, throw on your check Vans, grab your RubikÂs Cube and get ready to relive those Âglory days.Â That Eighties car youÂve meticulously maintained over the years and stored lovingly in your garage may now be a bonafide collectible.
ÂTalk about early Â60Âs classics and people think of big cruisers with fins,Â says Jill Bookman, CEO of American Collectors Insurance, Inc. ÂTalk about early Â70Âs classics and people think Muscle Car. Talk about classic cars from the Â80Âs and people say, Huh? In those years, Americans were heading out of a gas shortage and wanted economy, not performance. But like every decade, certain vehicles came out of the 80Âs that have become not only staples of pop culture, but of history as well. That makes them collectible.Â
Check out these radical rides that are fueling the Â80Âs collector car market. (For those of you lyrically challenged, the 80Âs reference below is from the song, ÂJenny 867-5309Â by Tommy Tutone.)
8 Â Pontiac Trans Am - Who didnÂt dream of being able to use your Casio watch to summon your car? Well, if you had the famed K. I.T. T. (the top-secret super car from Knight Rider), you and David Hasslehoff could easily make that happen. Then there was Molly RingwaldÂs dream of a pink or black Trans Am in Sixteen Candles. ItÂs easy to see how this car quickly rose to classic stature. A well-preserved Â87 Trans Am is currently worth about $7,000.
6 - Pontiac Fiero Â The only North American mid-engine mass-produced automobile, and the only 2-seater ever produced by Pontiac. The lightweight, high strength plastic body construction was revolutionary. And it was the car that FerrisÂs sister Jeanie drove in one of the decadeÂs top ten movies, Ferris BuellerÂs Day Off. A well-preserved Â84 Indy Pace Car is currently worth about $8,500.
7 - Chevy Camaro - The popular IROC-Z (named after the International Race of Champions and known as the Âultimate mullet mobileÂ) featured big 16-inch five-spoke wheels and unique graphics. A 1987 2-door convertible IROC-Z in #1 condition is currently worth about $20,000.
5 - Lotus Esprit - ÂBond, James BondÂ is the reason for the outbreak in popularity of this fine vehicle. First seen in The Spy Who Loved Me, then in For Your Eyes Only. This car is as suave and debonair as its 007 counterpart, making it an obvious choice as a classic. A 1988 Lotus Esprit in excellent condition is currently worth about $20,000.
3 Â DeLorean - With its flux capacitor and ability to time travel, who didnÂt dream of sliding into that fun car that had wings like a bird. It was, in fact, so immortalized as a staple of the 80Âs culture in Back to the Future, that it even appeared again later in the 90Âs in The Wedding Singer. An Â81 DeLorean in #1 condition is currently worth about $25,000.
0 - Chevy Corvette - Thanks to fine 80Âs classics like Less Than Zero and Weird Science, this car not only lit up the screen and streets, but the music industry as well. Well-known artist Prince even wrote an entire song about it entitled ÂLittle Red Corvette.Â Today, a 1984 Corvette in excellent condition is worth about $25,000.
9 - Ferrari 308 - No eighties list would be complete without the hot car from the hit TV series Magnum P. I., starring Tom Selleck. Referred to as an icon of the 80Âs, the ÂMagnumÂ Ferraris are undoubtedly responsible for much of the mystique and desire for Ferraris in general starting in the 80s. This is easily seen by the fact that the Ferrari 308 and its descendant, the 328, are still commonly referred to by casual admirers as "the Magnum P. I. car." One of the models used in the series, a 1984 308 GTS QV, is currently worth about $35,000 in good condition.
And Finally #1 - Ferrari Testarossa Â You didnÂt need to wear socks with your loafers, if you had a Testarossa to drive; at least thatÂs what Crockett thought when it debuted on the 80Âs hit Miami Vice. A 1985 Testarossa in fine condition is currently worth about $50,000.
To find out if your Â80Âs (or any other era) car, truck or motorcycle is a classic, call American Collectors Insurance at 800-360-2277. Note: vehicles must be garage-kept and driven on a limited, pleasure-only basis to qualify for collector coverage.
About American Collectors Insurance
American Collectors Insurance, an industry leader and innovator since 1976, specializes in insurance for collector vehicles and collectibles. Based in Cherry Hill, NJ and licensed in 48 states, American Collectors offers products directly to consumers, as well as through independent insurance agents and brokers. For more information, visit www. AmericanCollectors. com or call 800-360-2277.