According to a Bloomberg report, citing Hagerty, the value of the Chevrolet Camaro IROC-Z has shown patterns of appreciation over the past five years. So, if you have an IROC-Z in above average condition, your old-school American asset may be worth more than you realize.
Having been built for a little over a decade (1981-1992), there are quite a few IROC-Z Camaros in existence. Of course, the value of your IROC-Z depends on a bunch of factors. For an obvious example, you can expect such a Camaro with original components to fetch a bit more coin than, say, one that came from the factory with a four-cylinder or V6 and had an LS swapped into it.
If you’re looking to make an investment, Hagerty claims that Michigan and New York are the states with the highest amount of third-generation Camaros. You can expect to spend $9,500 to $20,000, according to a quick Autotrader search.
Comments
I saw this and really do not expect much from these unless they are very low mile all original cars.
These cars fell apart and parts are limited to restore them. The cost to restore one would exceed $20K if done correctly in many cases.
If one was to invest into these cars or the next gen I would recommend going for the SLP based cars or the GMMG build special editions as they were very limited and generally the pinical of each model.
Right now a loaded Firehawk first gen is a good investment. Also the TA pace car with the Turbo V6 would be another sound investment. As for the IROC there was just so many built I see a limited growth for these cars in the near future.
I think an all original GN with low miles would be a better investment. Also a GMC Syclone as they are still enough around to find one. A typhoon is a little more difficult.
I also expect the 1988 Fiero GT to remain a car that will show growth as time moves on if in original condition with low miles. Along with a Monte Carlo SS aero Coupe as well as the Pontiac 2+2 could be the Superbird of the 80’s.
Some rare cars like the Pontiac STE AWD will show some interest but not much gain in price since so few know or want them. Rare does not make them valuable. Same for Grand Am Turbo and Mclaren GP’s.
One car that may prove very valuable is the El Camino SS. Not many left and it was a neat looking car of the 80’s.
With that said the IROC will be worth more than the Z/28 or Z/24 but the investment potential is limited at best. Just too many vs. Demand. Also the 4th gen cars were much better cars and are still a bargin even the WS6 Birds. Just had a neighbor sell a 92 SS with all the SLP goodies with only 17K miles sell it for $12K. Not bad for a new car. He also had all the original parts and a second set of wheels and original exhaust.
What a time it would be to drop a 50th Anniversary IROC-Z Edition. As I am in the age group that drooled over them as a kid, we now have the ability to splurge a little on something reminiscent of our childhood days.
Except the IROC racing series has been dead for over a decade. Where is the connection?
Yes I can see many saying what does that mean?
At least Trans Am sounded cool when the series was defunct for a while.
Don’t be a douche like all the movie geeks that sit in their bedrooms by themselves and complain that there is too much CGI in movies.
A lot of Highschooler’s who were old enough to drive and wanted an IROC weren’t sponsored by mom and dad like the majority of lucky IROC owners .
Those who were lucky enough to get one bought the car because they loved the way it looked not because Chevrolet paid some racing series a wad of cash to place the series abbreviated name on the side of the car.
So where’s the connection? if you didn’t get it the connection when reading I WANNA ROCKs comment then you probably never had a connection to this car.
I sell classic cars for a living and I can tell you emphatically IROC’s are surging in value! People buy memories, it’s literally as simple as that!