The SUV trend is alive and well — and that’s being reflected in every segment of the market. It’s even starting to become true among regular older SUVs, which are going up in value if they’re in decent condition — and even if they’re not.
Indeed, in years past, the SUVs that were going up in value were the obvious ones: really well-preserved Jeep Grand Wagoneers, for instance, or nice Toyota Land Cruisers. Ford Broncos and Land Rover Defenders, too, always did well, as these are rare to find in nice shape, and they’re becoming more desirable. And, of course, nice versions of the International Scout have been steadily creeping up.
But not anymore. Now it’s everything.
A quick check on Autotrader reveals, for instance, that a 2000 Toyota 4Runner with a few off-roader modifications and incredibly low miles, at just 74,000, is asking $21,990. A Jeep Cherokee — considered a dime-a-dozen car when it left the market in 2001 — has similar modifications and miles and a $23,900 asking price. Late-production Range Rover Classic models, which for years languished as cheap used cars, are now seeing $50,000 asking prices in perfect shape — and I know personally that some really nice ones have traded for more. Even old 2-door Chevy Blazer models, for years ignored by shoppers who pursued Scouts and Wagoneers, are starting to go way up in value. Here’s one for $45,000 and more are listed in the low-$40,000 range and the high-$30,000 range.
Indeed, basically any old-school SUV is starting to go up in value — though buyers seem to prefer vehicles with off-road chops, like the Range Rover or the Jeep Cherokee. Still, it’s amazing to see what’s happening as the old family hauler may soon be crossing auction blocks for big money.