Hummer H1 Values Dropping: Report
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In a world increasingly concerned with miles-per-gallon and carbon neutrality, the first-generation Hummer H1 stands out like a barrel of burning petroleum. Offered as the civvy-spec variant of the AM General High Mobility Multipurpose Wheeled Vehicle (HMMWV), the original Hummer cared little for emissions regulations or energy efficiency, serving as the quintessential “gas guzzler” for folks on both sides of the issue. Interestingly, values for the Hummer H1 plummeted during the last quarter, suggesting that the love affair with this brash off-roader may be fraying some.
According to the latest Hagerty Price Guide, values for the H1 Hummer fell 7 percent over the course of the last three months, marking one of the biggest drops in value in the collector car market during that time period. Other big losers in Q2 included the 1954 through 1957 Jaguar XK 140 (down 12 percent), the 1962 through 1969 Austin-Healey Sprite (down 11 percent), the 1991 through 1994 Jaguar XJ220 (down 10 percent), and the 2008 through 2011 Tesla Roadster (down 9 percent).
“Hummers have struggled with an image problem,” Hagerty writes. “They’re big, almost too big for many road conditions, and are the in-your-face poster truck for gluttonous fuel consumption. It also seems that the market for H1s can be as mixed as people’s opinions on them. After some decent price growth in 2023, the past few months have seen dropping sale prices across all years and configurations.”
Hagerty points out that the fall in demand may be the result of the relatively high vehicle prices seen prior to the recent drop, with a decent H1 typically going for around six figures. For that kind of money, Hagerty states that a collector “can buy a tastefully restomodded vintage SUV that’s more usable than a Humvee and has none of the stigma.”
The Hagerty Price Guide is based on a variety of different variables, including auction results, peer-to-peer sales, asking prices, and dealer and broker sales. From this data, the Hagerty team then discerns the average price for a vehicle, which is then compared to the average price from the previous quarter to determine how much the car in question has increased or decreased in value.
It’ll be interesting to see how the market reacts to the Hummer H1 as a collectible in the future, particularly as the broader automotive market marches towards electrification, making the poster child for copious fuel consumption even more of an outlier.
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The AM Hummer H1 is not bigger or heavier than current ecologically subsidized electric vehicles worldwide????
That’s exactly why!!!
I can imagine buying an H1 for shows and project cars. I also like the H2 & H3 Hummers…
So what is the reason for the negative current opinion of the H1???
Just stupidity, as is often the case???
Hummer H1 Wagon Base Curb Weight – 8,114 lbs
GMC Hummer EV SUV (Wagon) Base Curb Weight – 9,640 lbs
What was that you were saying about the H1 being heavier than the Hummer EV?
Don’t care. These are awesome vehicles and want one anyways. Would love to do a Predator conversion with kevlar paint, the newer version of the 6.6L Duramax LMM, and a 6 speed Allison transmission with a RWD/4WD transfer case.
Although on the topic of useability, an Arkonik Land Rover Defender would also be my dream vehicle. Especially now that the TD5 is eligible for conversion and import.
Well I for one love my Humvee, and my civic hatch and my motorcycle and they all are staying with me cos fun is fun… It’s not about mpg, it’s about freedoms per eagle and smiles per gallon and you just don’t get that with any of the new cookie cutter cubes…
Who’s Care about the f…king prices drop.I still have my beautiful 2001 wagon.
I own and drive a 1990 X Military M998… I’m currently installing a brand new 6.2L Detroit Diesel into it and have already converted it to civilian form… Just like the ORIGINAL Civilian H1s were set up in 92 & 93… Top Speed 55 to 60mph at 2850 rpms. Love the noise and heat. And love the looks on people’s faces… Especially the kids jumping up and down telling mom and dad look look HUMMER HUMMER… It takes me back to when I was a kid reacting the same way. My HUMMER H1 weighs around 6500 lbs and it gets about 14 mpg all factory no modes. And it’s mechanical so when this country of ours gets attacked via cyber or emp wise what do you think is going to be the situation of ALL Vehicles that are computer drivin and ESPECIALLY 100% EV… LMFAO you ALL are going to be BEGGING People such As myself a ride to go here and there. Trust me folks it’s comin. Any vehicle that is like the original Humvee or H1… Literally going to be worth it’s weight in GOLD.
GOD BLESS… AM GENERAL 🇺🇸 H1. H2. H3. 4LIFE
HUMMER… LIKE NOTHING ELSE
With only 11800 Civilian Hummers ever made they are a sure collector. They will no doubt be worth 2 to 3 times more than they are now in another 5 years or so as they are becoming extremely hard to find one that has been looked after. Any of these trucks that have been looked after well will have had well over $200K invested into them up to 400K easily. The 6.2L, 6.5L and 6.6L engines can be run with a few adjustments on eco friendly oils so they actually can become a more friendly environment run vehicle. Although I’d say we will no doubt see true investor or collectors put them away in there man caves for a good conversation piece next to Bugatti or Lamborghini while having a nice glass of wine 🍷 or scotch whiskey 🥃
Are they dropping because of these reasons or because surplus military ones that already have civilian tags are becoming more common? Not to mention the general softening of values on all toys over the past year.
In other words, instead of looking for a political answer, could it maybe just be supply and demand?