URGENT UPDATE: Classic cars from the 1970s are experiencing a dramatic surge in resale values, with some models now fetching staggering prices at auctions. Experts at Hagerty report that these iconic vehicles, defined by their powerful engines and innovative designs, are heating up the collector market.
The 1970 Chevelle SS leads the pack, with the LS6 engine variant selling for an eye-popping average of $234,000 for convertibles, while hardtops have reached over $150,000 at auctions like Bring A Trailer. This muscle car is celebrated for its massive 454 cubic-inch engine, producing 450 horsepower and 500 pound-feet of torque, making it a timeless favorite among enthusiasts.
Meanwhile, the 1970 Mustang Boss 429 is another standout, with its rare production run of only 499 units. Currently, the average resale value is around $190,000, with one model recently selling for $252,000 at Monterey Car Week 2025. The Boss 429, equipped with a 429 cubic-inch V8 engine, showcases the blend of performance and history that collectors crave.
The 1973 Firebird Trans Am, despite the challenges posed by the oil crisis and the Clean Air Act, remains a sought-after model. The top-tier 455 cubic-inch Super Duty V8 variant commands prices as high as $260,000 at auctions, proving its lasting appeal in the muscle car scene.
In the sports car category, the Porsche 911 Carrera RS 2.7 has made headlines, achieving an average sale price of $445,000. This model, known for its lightweight build and iconic ducktail spoiler, has become a benchmark in automotive performance, with a rare stripped-down version selling for an astonishing $1.875 million.
Lastly, the Ferrari 365 GTB/4 Daytona, a symbol of luxury and performance, is highly sought after, particularly the 1973 model, which is valued at around $515,000. The ragtop version, the GTS/4 Daytona Spider, is even rarer, with average prices reaching $1.9 million, reflecting its status among collectors.
These skyrocketing prices underscore the significant impact these classic cars have had on the automotive industry and their enduring legacy. As collectors seek to own a piece of history, the market for these 1970s icons continues to thrive, making now the perfect time to explore the world of classic cars.
With these developments, automotive enthusiasts are urged to stay informed about upcoming auctions and market trends. The demand for these classic vehicles is not just a fleeting trend; it represents a cultural appreciation for the powerful machines that defined an era in automotive history.
