The modern muscle cars — the Chevy Camaro, the Dodge Challenger and the Ford Mustang — are holding their value a lot better than the average car. So says Kelley Blue Book, whose residual value expert, Eric Ibara, noted the higher resale values. Find a Ford Mustang for sale or Find a Chevrolet Camaro for sale or Find a Dodge Challenger for sale
According to Kelley Blue Book, modern muscle cars are retaining just under 50 percent of their original value after 3 years. That’s a major boost over a normal car, which retains closer to 40 percent of its value over the same time period. The 10-point difference can be $2,000 to $3,000 on the used market — not a small figure.
“When the muscle-car renaissance began 10 years ago, a lot of people thought it would be a fad,” said Ibara. “But their sales are strong, and values are holding up well.”
There are a lot of possible reasons why muscle-car demand is high enough to justify the strong resale values. One is the recent round of low gas prices, which have contributed to shoppers prioritizing performance over fuel economy. Another is the fact that these models are priced competitively to begin with, even from new. And of course, there’s the bold design of the Camaro, the Mustang and the Challenger — and their excellent performance, which attracts a wide range of buyers.