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Friday, July 29, 2022

Someone Paid P 1.87M For This 1992 Nissan Sentra Series II


Cars from the 1990s are now starting to become genuine collectibles—that’s what automotive auction platform Bring a Trailer (BaT) found out.

The popularity and collectability of1990s-era cars have gone up an average of 82 percent ranging from USD 24,941 (P 1,394,825) to USD 45,302 (P 2,533,514) between the first quarter of 2020 and the first quarter of 2022. The volume of ‘90s vehicles sold on Bring a Trailer has also increased by 128 percent in the same period.

BaT says the shift in the market is attributed to aging Generation Xers and millennials, who are accruing wealth and spending their disposable income on the cars, trucks, SUVs, vans, and wagons of their youth. Just as baby boomers practically invented the classic car market in the ‘80s by buying and preserving cars from the ‘50s, Gen Xers, and millennials are now doing the same with ‘90s vehicles.

The boom in popularity of ‘90s vehicles is not limited to the era’s more desirable or higher-end cars. Rather, the full spectrum of ‘90s autos is gaining collector attention, from family sedans and wagons to trucks, SUVs, and vans.

A review of some popular models across vehicle categories shows a combined increase in value of 71 percent. Further, with the average price of a new vehicle at $46,404 (P 2,595,143) and an average markup of 9.9 percent in 2022, ’90s vehicles that have long since reached the bottom of their depreciation curve may be seen as an alternative option and, in some cases, an investment.

Some notable examples of recent sales on Bring a Trailer where the sale price exceeded the car’s original MSRP (not adjusted for inflation) include:
  • 1992 Nissan Sentra SE-R: USD 33,500 (P 1,873,487)
  • 1991 Toyota Celica: USD 33,500 (P 1,873,487)
  • 1993 Jeep Cherokee: USD 19,250 (P 1,076,556)
  • 1994 Toyota Pickup: USD 23,000 (P 1,286,275)
Just as the fashion and music of the ‘90s are looked back at with nostalgia by those that grew up in the era, so now are the cars. The ‘90s are back and cooler than ever.

5 comments:

  1. A classic will always be a classic.

    ReplyDelete
  2. I missed my 1992 Super Saloon ECCS 😭

    ReplyDelete
  3. Traffic ConstableJuly 30, 2022 at 11:19 AM

    In next 20 years, the cars that will become classic will still be from the naughties (2000s) or earlier. Those with too many electronics may no longer be mobile not unless retrofitted with old engines.

    ReplyDelete
  4. Poor guy. Overpaid the shit out of that clunker.

    ReplyDelete
  5. my project running car now is a Toyota Corona ST 191 Exsior 1996 model AT 2.0

    ReplyDelete

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