Pontiac Solstice: Why It May not Be the Collectible It’s Predicted to Be
There are two types of car collectors. One collects cars for the financial investment. The other collects cars for the emotional attachment. The financial collector does research, follows trends, and buys wisely. The emotional collector does not worry about the financial value of the car; the car’s value is in the feeling it provides, usually in the form of a powerful family memory or a joyful driving experience.
Cars That Feed Both Types of Collectors
Financial collectors and emotional collectors might not have the same reasons for collecting, but they often have the same cars in their collections. For example, a 1966 Shelby Cobra Mustang is a wise investment, but it can also bring about strong emotions because people actually owned these cars. Any model year Corvette will do the same. Most cars in the classic collectible market tend to increase in value (as long as you buy the right ones) and they also deliver strong emotions.
Collecting Comes to Life on Counting Cars
There are several episodes in the History Channel show “Counting Cars” where collector and restorer, Danny Koker gets teary-eyed when he talks about his personal collection of cars and the memories they bring to him. On the flip side, he can easily sell off a car from his financial collection without a second thought. By watching this show, it is easy to see how some cars become nearly priceless because of the intrinsic value they have established over time. Cars do keep our connections to people who are no longer with us and they help us preserve memories we never want to forget.
No Emotional Collectors to Increase Value
This is where one potentially collectible car could lose value. The 2009 Pontiac Solstice GXP Coupe was a victim to the financial meltdown that ended the life of the Pontiac brand. This car was designed as a hardtop coupe in the convertible Solstice line and car experts are predicting that this car will become a hot collectible because only 1,200 of these two-seaters were made.
While rarity can greatly affect the investment price of a collectible car, the emotional value can make the price go even higher. The potential problem with the Pontiac Solstice GXP is that so few people ever owned it, let alone saw it, which means that no one will have a personal connection to the car. While the car might make collectors feel sad because it marked the end of Pontiac’s life, that fleeting emotion is not quite the same as remembering your mom driving you to school in her favorite 1957 Chevy.