Lately, a lot of stories have been coming out about cars that are turning into modern classics selling for somewhat ridiculous amounts of money. Particularly, the 1999 Honda Civic Si with 12,000 miles on it that recently sold for a little over $24,000, which is about the value of a brand new one. There was nothing special about this Civic Si; instead, it was just a really clean, low-mile example of the beloved coupe that’s getting hard to find unrusted and unmodified.
Well, now we have a similar situation on our hands, but the difference here is that the car hasn’t sold yet. The car in question is a 2002 Chevy Camaro SS with only 37 miles on the clock. We can’t say for sure, but our best guess as to why it hasn’t sold yet is because it carries an asking price of $42,000. The price isn’t listed on Autotrader, but it is on the dealer’s website. That’s less than $1,000 away from the price of a brand new 2018 Camaro 2SS with 455 horsepower, Chevy MyLink with Bose premium audio and heated/ventilated leather seats. Which car would you rather have?
The Camaro in question is an SS model, and it features Bright Rally Red paint with the special stripe package commemorating the 35th anniversary of the Camaro. This Camaro also comes with a center-mounted SLP performance exhaust and Hurst short throw performance shift linkage along with a Hurst shifter. It also hails from the Camaro’s 2002 model year, which was to be its final year of production before Chevy revived the Camaro for the 2010 model year — a fact that may help explain why someone parked it, hoping it would jump in value.
These fourth-generation Camaros, especially the LS1 V8-powered models, are starting to get a little more sought-after for many of the same reasons as the Civic Si I mentioned earlier. In the current era of electronic this-and-that and having big computer screens in our cars, a lot of people want to go back to the basics of a sports car that might not be the most comfortable, the most refined or even all that fast by today’s standards, but delivers a pure driving experience that can now be considered old-school.
There are a few things this car has going for it that give it a legitimate bump in cash value. It only has 37 miles on it, it’s from the final year of the Camaro before its hiatus, it comes with a desirable appearance package, and it has a couple cool mods. Whether or not that leads to a $42,000 valuation remains to be seen — but it’s certainly a cool car, and it’s likely the ultimate fourth-generation Camaro … if you’re looking for that sort of thing.