You're looking at a 1970 Dodge Challenger R/T SE that sold at the August 13th Mecum Auction in Monterey for $45,000. As the owner of a 1970 Dodge Challenger R/T SE I watched this auction very carefully. It's not everyday you get to see a real-world example of how the market values a car nearly identical to the one in your garage.
In this case I was happily surprised by the result. The above car was clearly restored, though I spotted a few minor flaws after only a quick glance, and probably could have found more if I'd really dug in. It had a 440 engine (same as my car) and was also a "high impact" color (Sub-Lime in this case, versus Plum Crazy for mine).
So at first glance the cars are quite comparable, suggesting my car is worth roughly $45,000. However, there are some key differences between the two. First, this car was restored while mine is almost 100 percent original. That means my Challenger doesn't look as clean as the Mecum car, but originality has its own value that often trumps the condition of the paint or interior.
Also, while this car was the SE (Special Edition) model, and while it had a 440 engine, it was otherwise pretty lean on options. No air conditioning. No AM/FM radio. No rear defrost. No rim-blow steering wheel. My car has all of those because it was originally a dealer demo car, loaded up to encourage showroom shoppers to order more options for their cars.
I'm not sure what my car would have brought at this auction, though I'd like to think it would be a higher price. However, even if I sold it for $45,000 at Mecum two weeks ago my original investment in the Challenger ($40,000 in Spring of 2006) has done better than it would have in the stock market (Dow at 11,279 on March 24, 2006).
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Categories: Dodge, Karl on Cars, Muscle Car