The entire market can’t stay away from SUVs and utility vehicles—that includes the classic car market, too.
According to the latest Hagerty Vehicle Rating study, via Classic Cars, SUVs and pickup trucks absolutely dominate the highest appreciating vehicles currently. Of the top 25 vehicles with the highest ratings, 15 of them are trucks or SUVs.
While the Ford Bronco marks the highest appreciating classic vehicle, the Chevrolet K5 Blazer is nothing to shrug off either. Hagerty uses a 100 point scale to rate the appreciation of vehicles. 50 points follows the pace of the market, under 50 means a vehicle is appreciating slower than the market, and—self-explanatory—above 50 means it’s appreciating at a rapid pace.
The 1969-1972 K5 Blazer scores a 94 on the scale, meaning its value is skyrocketing. Ahead of the K5 Blazer is the 1945-1968 Dodge Power Wagon, 1973-1987 Chevrolet C/K Series pickup, 1976-1986 Jeep CJ-7 and the previously mentioned 1966-1977 Ford Bronco. The Bronco sits a 99 on the scale, which means it’s hotter than hot.
There was also an unlikely candidate that rose to the top with the latest list: the Chevrolet Suburban. Specifically, the 1973-1991 Suburban jumped 57 points to own a 91 rating on the scale. It was previously in 318th place; the Suburban is now ninth on the top 25.
Moral of the story? Right now is the time to buy a classic SUV. Who knows where and when values will stop climbing.