The Rising Value of Japanese Classic Cars

The last decade has seen the introduction of many notable classic and antique cars. Some of the most iconic antique cars just celebrated their 50^th anniversary this year, including the Pontiac GTO, 1964 ½ Mustang, and the ’64 Studebaker Excalibur. While all of these cars have their place in the hearts of classic car enthusiasts, there is a group that is becoming immensely popular in very recent years. That is, Japanese classic cars.

According to an article by reporter Charles Fleming of the LA Times, back in 2006 vintage car collector  Terry Yamaguchi paid $5,000 for a bright orange 1973 Datsun 240Z, to sell it a couple years later for only a little more than she paid for it to begin with. What’s it worth now? A surprising $20,000!

This significant price hike is not limited to the 240Zs either, according to Fleming. He reports that the value of Japanese classic cars has skyrocketed in recent years, noting that a 70’s Toyota Celica could cost up to $20,000 and a well-maintained Datsun 510 has the potential to go for as much as $25,000!

Ironically, the growing popularity in Japanese collector cars is due in part to the fact that they’re cheaper than American or European classics. Mike Malamut, a retired car dealer who’s been collecting for 35 years, calls collecting Japanese classics a “way to enter the collector hobby for relatively little money”.

This idea of collecting Japanese classics is still foreign to many, however many classic car events on the West Coast are now centered around Japanese “nostalgic” cars. A few Japanese classics that stick out to collectors in particular are Mazda’s rotary-powered pickup trucks, 80s Mistubishis, and old Skylines.

Whether your Classic Car is American, Japanese, or European, we can insure it at Condon Skelly. Since 1967, we have been helping our customers protect their classics with affordable, industry-leading insurance coverage. We are a group of collectors, enthusiasts, and professionals who specialize in insuring all types of collector vehicles. Please contact us today for more information.

Standard Auto Insurance versus Collector Car Insurance

In a blog post earlier this year, we looked at some of the top reasons to purchase classic car insurance. As we stated in that post, a large difference between classic and regular auto insurance is the way your vehicle’s value is determined. With Classic and Collector Car Insurance coverage, you can typically expect your car to be covered for what it is currently worth, whereas with a standard auto policy you might be lucky to get a fraction of what the car is worth, if it is completely totaled.  In general, a standard auto insurance policy pays the cost of repair to the vehicle or the stated value, whichever is less.

This is not the only difference between collector car insurance and a standard auto insurance policy. You’ll find that collector car insurance premiums are typically much lower than that of a standard auto policy. Of course, this is because it’s assumed a classic or collector car will be driven less and will be very well taken care of. To qualify for a collector car insurance policy, your vehicle must be protected and not used for daily use. Garage storage is typically a necessity for these vehicles. In addition, you will have much stricter mileage restrictions with a collector car insurance policy than with a standard one.

Standard auto insurance coverage will be based on depreciating value, rather than the actual value that a collector car will be based off of. Of course, it’s important not to forget that you obtain full coverage for everything you have invested in the collector car in addition to just the vehicle on its own. The amount invested and the rarity of the vehicle are the two factors that differentiate a collector car from just a standard “older” car.

At Condon Skelly, we know how exciting it can be to start a classic car collection. We’ve been helping our customers protect their classics with affordable, industry-leading insurance coverage since 1967. We’re a group of collectors, enthusiasts, and professionals who specialize in insuring all types of collector vehicles. For more information, please contact us today at (866) 291-5694.

Classic Motorcycles: The History of Board Track Racing

If you are an avid antique motorcycle fan, you’ve likely heard of the popular motorsport, Board Track Racing. Prevalent in the U.S. during the 1910s and 1920s, this event was a competition that took place on circular or oval race courses with surfaces composed of wooden planks. The reason for the use of these board tracks were in part because they were not expensive to construct. Unfortunately, they did lack durability, and because of this they required a great deal of maintenance to remain in use. Most tracks only lasted for three years before being abandoned.

Due to the lack of safely built tracks, called motordromes, the sport of Board Track Racing was a risky one. Riders were able to reach speeds of more than 100 miles an hour, meaning that when a crash happened, it was devastating. Crashes weren’t rare either; riders who went down faced being pelted with splinters from the boards and often times spectators were injured as well. Some crashes were even fatal.

Despite all this, people flocked to the races at board tracks from Denver, to Milwaukee, to Long Island. By the mid-1920s, however, the novelty of the sport began to wear off and it was losing its appeal. Newspapers had begun to refer to motordromes as “murderdromes,” and local governments even starting closing some of the tracks. Race officials and the motorcycle manufacturers that sponsored racing teams tried to implement safety measures, but it didn’t help. By the early 1930s, Board Track Racing became obsolete.

At Condon Skelly, we appreciate the history behind antique and classic motorcycles, trucks, and cars. Since 1967, we’ve been helping our customers protect their classics with affordable, industry-leading insurance coverage. We’re a group of collectors, enthusiasts, and professionals who specialize in insuring all types of collector vehicles. Please contact us today to learn more at 800.257.9496. 

Classic Trucks: The 1957-58 Ford Ranchero

Dubbed as “American’s first modern car-pickup hybrid”, the Ford Ranchero was introduced for the 1957 year. According to sources from Consumer Guide- Automotive, Ford Rancheros are among the most collectible artifacts of the 1950s, with a far reaching influence.

So what was the Ford Ranchero? Basically, it was a two-door Ranch Wagon with the rear roof section cut off and a bed liner slipped over the floor pan. The concept for this vehicle was introduced much earlier, in 1932, in Australia. Ford of Australia called this vehicle a “Ute” (Utility): a roadster with the body section behind the driver replaced by a fleetside bed. In 1957, the open-bed Ford Ranchero joined Ford’s wagon lineup and was joined by the more wagon-like Ford Courier Sedan Delivery.

The Ranchero was first offered in two trim levels and was built on the corresponding automobile assembly line, but sold as a truck through Ford’s truck division throughout the model run. The two models were the basic standard model; marketed to traditional pickup truck buyers such as farmers, and the custom model; available with extensive accessories such as stainless steel bodyside moulding and two-tone paint. The custom model picked up most of its options and accessories that were available on the Fairlane line.

While the Ford Ranchero rushed into popularity in 1957, with 21,705 being produced, a year later Ford attempted a facelift on the model. Only 9,950 were produced this year. The Ranchero still lived on for many more years though, ceasing production in 1979. For many collectors, however, nothing compares to the first 1957-1958 Ford Ranchero.

Whether you own a classic Ford Ranchero or any other type of classic or antique car, it’s important to protect it financially with the right type of Classic Car Insurance Coverage. At Condon Skelly, we know how exciting it can be to start a classic car collection. We’ve been helping our customers protect their classics with affordable, industry-leading insurance coverage since 1967. We’re a group of collectors, enthusiasts, and professionals who specialize in insuring all types of collector vehicles. For more information, please contact us today at (866) 291-5694.

Packard: The History of an American Luxury Classic

The story of the Packard automobile starts in the early 1900s, founded by James Ward Packard, his brother William Doud Packard and their partner, George Lewis Weiss in the city of Warren, Ohio. 400 Packard automobiles were built at their Packard factory from 1899 to 1903. Being a mechanical engineer, James Ward Packard believed that they could build a better horseless carriage than the Winton cars owned by Weiss, an important Winton stockholder.

From its beginning, Packard-build vehicles were perceived as highly competitive among high-priced luxury American automobiles. The company was often referred to as being one of the “Three P’s” of American motordom royalty, along with Pierce-Arrow of Buffalo, New York and Peerless of Cleveland, Ohio.

For most of its existence, Packard was guided by its President and General Manager James Alvan Macauley, who also served as President of the National Automobile Manufacturers Association.  Macauley made Packard the number one designer and producer of luxury automobiles in America, and was inducted into the Automobile Hall of Fame.

The Packard legacy stayed strong through the 30s and 40s, but by the end of World War II, even though they were in excellent financial condition, several management mistakes became visible. Postwar Packards sold well, but they had become virtually alike in styling by this time, and management had decided to direct the company more to volume middle-class models, thus concentrating on selling lower priced cars.

Management also tried to enter the taxi cab and fleet car market. These actions eventually diluted Packard’s image as a luxury brand, and they lost many buyers. Sales continued to dwindle until June 25^th, 1956 when the last Packard rolled off the production line at Packard’s plant in Detroit, Michigan.

Whether you own a classic Packard or any other type of classic or antique car, it’s important to protect it financially with the right type of Classic Car Insurance Coverage. At Condon Skelly, we know how exciting it can be to start a classic car collection. We’ve been helping our customers protect their classics with affordable, industry-leading insurance coverage since 1967. We’re a group of collectors, enthusiasts, and professionals who specialize in insuring all types of collector vehicles. For more information, please contact us today at (866) 291-5694.

Collector Car Insurance: The Appeal of the ’55-’57 Chevy Nomad

While you may not think of a station wagon when talking about classic and collector vehicles, many classic car enthusiasts consider the Chevy Nomads of the mid-50’s to be some of the most iconic cars of their time. Experts from ConsumerGuide Automotive have called the Chevrolet Nomad the “prettiest wagon ever built and a car with immense, longtime appeal simply because it’s a classic Chevy.”

The creators of this collector car were Chevrolet studio head Clare MacKichan and stylist Carl Renner. MacKichan’s group had suggested at “sport wagon” as one addition to Chevy’s all-new 1955 line. MacKichan stated, “The Corvette theme was a popular one.”  Based on the Corvette model, Renner had come up with a sketch for a station wagon roof that caught the eye of General Motor’s Harley Earl, and Earl asked that it be incorporated into a station wagon version as one of three Corvette idea cars for the 1954 Motorama.

The end result was the Corvette Nomad. This prototype featured a fiberglass bodywork on a 1953 Chevrolet wagon chassis. Renner’s roof design complimented the lower body lines of Chevy’s recently announced sports car. Originally unveiled in January 1954, the car was such a hit that Chevy quickly ordered MacKichan to adapt its roofline to Chevrolet’s forthcoming 155 passenger-car styling.

The unique styling of what became known as the Chevy Nomad continued through 1956 and 57. Chevy’s were given a more conventional full-width grille, pleasing customers who didn’t like the Ferrari-inspired ’55 front end. General Motors discontinued the original Nomad Sport Wagon at the end of the 1957 model year due to low sales and the introduction of a new body for 1958, but the Chevy Nomad is still considered to be a milestone vehicle.

Whether you own a classic Chevy or any other type of classic or antique car, it’s important to protect it financially with the right type of Classic Car Insurance Coverage. At Condon Skelly, we know how exciting it can be to start a classic car collection. We’ve been helping our customers protect their classics with affordable, industry-leading insurance coverage since 1967. We’re a group of collectors, enthusiasts, and professionals who specialize in insuring all types of collector vehicles. For more information, please contact us today at (866) 291-5694.

Classic Car Insurance: ’64 Pontiac GTO

The 1964 Pontiac GTO was a car with ‘attitude’- a bigger V8 than previous cars, hood scoops, dual exhausts, a Hurst shifter, racy trim, and a name inspired by the Ferrari 250 GTO. The moment that the ’64 Pontiac GTO went on sale is often credited to be the start of the classic “muscle car” era.

This car came three ways. There were the expected sporty-car styles of the day, a convertible, and a two-door hardtop. There was also a coupe with a fixed B-pillar, which Pontiac called the Sports Coupe. The Sports Coupe was 20 pounds lighter than the hardtop and 150 lighter than the convertible, with the lowest starting price of all the models, making it the most popular.

The basis for the first 10 years of GTOs was GM’s “A-Body” platform, upon which midsize care for every General Motors marketing division except Cadillac were built. In 1964, that meant the A-Body chassis was found under the Buick Skylark, Chevrolet Chevelle, Oldsmobile Cutlass and Pontiac Tempest lines. Sportier versions of each of those cars were available with small (for the time) V8 engines, but only Pontiac dared to install a truly large V8 in its Tempest in ’64, and when a Tempest had a 389-cubic-inch V8 under its hood, it was a GTO.

The GTO package included the 389 V8, quick steering, dual exhaust, and premium tires. The 389 cid engine came with 325bhp with a single 4bbl carb or 348bhp with the optional Tri-power setup, 3 2bbl carbs. While Pontiac hoped to sell 5,000 copies, they ended up selling 32,450 of them.

Whether you own a GTO or any other type of Antique or Classic Car, we can insure it at Condon Skelly. Since 1967, we have been helping our customers protect their classics with affordable, industry-leading insurance coverage. We are a group of collectors, enthusiasts, and professionals who specialize in insuring all types of collector vehicles. Please contact us today for more information.

Collectible Car Insurance: Tips on Buying Classic Cars

When purchasing a car, there are many factors to keep in mind, such as gas mileage, insurance costs, etc. When buying a classic car however, there are even more important features and potential issues to keep in mind. Vintage and classic cars are a very fun item to collect for many people, however if this is your first time buying a classic car, it’s important to keep the following tips in mind.

Do your homework. Know what the classic car you are considering is actually worth. With the advent of technology and social media sharing, it’s really easy to get in touch with experienced car collectors who are “in the know”.

Don’t start with a rusty car. You may be able to replace panels or repair rusty spots, but once a car has rust, it always has rust. This is a sign that the car has not been taken very good care of, and you should probably pass on that purchase.

Check that all the parts belong to that car. This means looking at the engine, transmission, and rear axle to make sure they all link up to the vehicle’s VIN number. The transmission and rear end will usually be stamped with date codes, which you can look up to determine if the dates sync correctly.

Buy what you like. It’s easy to want to purchase a classic car that is being sold at a really good deal. However, if you do plan on taking any leisure trips in it, wouldn’t you want a car you’d truly love to drive?

Consider the color. You may be surprised by how much a rare color combination can drive up the value of a classic vehicle. It’s always wise to invest in classic cars that are one-of-a-kind.

At Condon Skelly, we know how exciting it can be to start a classic car collection. We’ve been helping our customers protect their classics with affordable, industry-leading insurance coverage since 1967. We’re a group of collectors, enthusiasts, and professionals who specialize in insuring all types of collector vehicles. For more information, please contact us today. (866) 291-5694

How to Properly Store Your Car This Winter

As winter approaches, many classic car owners are getting ready to store their cars for 4-5 months. While the Classic Car Insurance policy we offer does not have seasonal restrictions, you might still be limiting your occasional leisure rides and car shows during this time to avoid the cold. If so, it’s important to know that leaving your classic car unprotected, even inside a garage, during the winter can be damaging.

Below are some tips and ideas that will keep your classic car safe from icy winter conditions.

Clean and wax the finish. Be sure to wash the car first to remove any dirt and foreign particles. Also, be sure to store any waxes and cleaners you use inside your house during the winter since the freezing and thawing process can actually change their chemical compositions.

Check your coolant level. Make sure to correctly mix and fill your radiator with the proper coolant. If it’s been awhile, you might want to invest in a complete cooling system flushing process to ensure the job is done right.

Check your oil level. Some experts recommend replacing the oil and filter upon storage and then once again in the spring when you take your classic car out of storage. Whether you take this step or not, it’s still important to make sure the fluid levels are correct.

Prepare your fuel system. When gasoline sits, it can break down and form gum and varnish, which will clog a fuel system. Add a fuel stabilizer to your gas tank and run the engine for a few minutes to allow the agent to mix in with your fuel system lines.

Adequately cover the car. Invest in a breathable car cover. Don’t rely on a plastic tarp, as they don’t allow rising moist air to pass through. Adequate coverage is also important to prevent critters such as mice from seeking warmth in your vehicle.

Remove or disconnect the battery. When you do so, don’t place the battery on the concrete garage floor, since temperature fluctuations in the concrete will rob the battery and cause premature wear. If you have to store the battery on the floor, put a wood board down first, as this will serve as an insulator.

Bring the car off of the floor. It’s a very wise idea to place the vehicle on four heavy-duty jack stands and make sure you put some padding between them and the cars frame. This will relieve spring tension and will keep your classic car’s tires from flat spotting while resting in one place all season.

At Condon Skelly, we understand that your classic car is your pride and joy, and that you want to do everything you can to retain its appearance for years to come. We are able to insure a wide variety of collector vehicles, from original antiques to brand new exotic sports cars, as long as the vehicle is a true collectible. For more information, please contact us today. (866) 291-5694

We recently attended the 2012 Northeast Rod & Custom Car Show in Oak, PA. The quality and variety of customs and hot rods was impressive, so we thought we’d share some with you. It’s great to get out and visit car shows whenever you can – there are great ideas for your own collection, and an opportunity to meet other and share your passion. Now that spring is underway, we hope to be visiting many more car shows in the upcoming months. We’ll keep you posted!

For more on insuring your collector car or hot rod, visit Condon Skelly today.