This article was submitted by a reader and friend of 1967beetle.com, Mike Buettell. A huge thanks to him for taking the time to compose such valuable content. We’d like your feedback. Please chime in below.
I’m sure all of you at some time have asked: I wonder what my 1967 Beetle is worth?
The recent posting here of that beautiful Zenith Blue Beetle for $29,900 at Crevier Classic Cars in Newport Beach begs the question; is it worth it? To answer that question, I went to the Price Guide Report at Hagerty Insurance for guidance.
- According to Hagerty, a condition 1 (essentially perfect) ’67 Beetle in early 2012 was worth $17,000. Today, they say $24,000.
- A condition 2 (almost perfect) in 2012 was $13,000. Today it is $17,000. Condition 3 and 4 cars (drivers) have held constant in the $5,000 to $8,000 range over the past few years.
So, where are prices headed? It’s my opinion that “drivers” will rise slightly in the future? Why? The law of supply and demand. Stock ones are getting harder and harder to find, but they are out there. Condition 1 and 2 Beetles, on the other hand, should appreciate about 10% a year for two reasons.
The ’67 Beetle is the best car VW ever made (I’m obviously biased). Just try and find a “show” quality one!
Unless you have a shop and a lot of time and talent, paying to take a driver to “show” condition can easily cost $15,000-$20,000, or more. That is if you can find a top quality restorer who doesn’t have a year backlog of vintage VW buses and 356 Porsches he needs to finish. Do the math. If you want a condition 1 car, it’s cheaper to find a guy who has already done the resto and now needs to sell, than pay for a restoration yourself.
So, what do I think the Crevier L639 Zenith Blue is worth? In the words of Kieth Martin (Sports Car Market) I’d say, “$25,000 would be a fair deal for both buyer and seller.”
Now, let’s hear your thoughts.