7 Classic Car Investments vs. The S&P 500: Which Performed Better?

7 Classic Car Investments vs. The S&P 500: Which Performed Better?

For those looking to invest, classic cars have increasingly proven to be lucrative assets. But how do they stack up against traditional investments like the S&P 500? Over the last decade (January 2015 - January 2025), the S&P 500 rose by 193%—a strong return by any measure. However, some desirable collector cars have outpaced even this impressive growth. Autofolio have chosen seven standout models to compare:

1. 1997 Ferrari 355

- Price Increase: 300%

- Outperformed the S&P 500 by: 107%

The Ferrari 355 has gained appreciation for its gorgeous 90s Pininfarina design and raw, high-revving V8 engine. Its timeless appeal and increasing rarity have helped push values well beyond stock market returns. One of the key drivers of its value growth is its role in transitioning Ferrari into a new era of usability and performance. The 355 features a revolutionary five-valve-per-cylinder layout, allowing it to rev to an intoxicating 8,500 RPM. Enthusiasts admire its sharp handling, while collectors seek well-maintained examples due to rising demand. Limited production numbers, especially in pristine condition, have ensured sustained price appreciation over the years.

2. 1987 Ferrari F40

- Price Increase: 256%

- Outperformed the S&P 500 by: 63%

The F40 remains one of Ferrari’s most legendary cars ever, known for its raw performance and connection to Enzo Ferrari himself. Its values have soared due to its bedroom wall poster looks and hero status. As one of the most extreme road-going Ferraris ever made, the F40 features a twin-turbocharged V8, producing 471 horsepower, wrapped in a lightweight carbon fibre body. Its raw, race-derived nature and analog driving experience make it highly coveted among collectors. With only 1,315 units produced, demand has consistently outstripped supply, driving values higher each year. The F40 transcends the automotive sphere—it’s an icon that continues to excite enthusiasts.

3. 1990 BMW E30 M3

- Price Increase: 200%

- Outperformed the S&P 500 by: 7%

The E30 M3 has seen explosive appreciation, thanks to its motorsport heritage and driver-focused nature. It narrowly edged out the S&P 500, proving that some modern classics can be exceptional investments. Designed for Group A racing, the E30 M3 is widely regarded as one of the most engaging driver’s cars ever built. Its peppy high-revving 2.3L four-cylinder engine, paired with a lightweight chassis, delivers an exhilarating, retro experience. As the first M3, it has cemented its place in BMW’s history, making it a must-have for collectors who appreciate analog performance cars with race-bred pedigree.

4. 2005 Porsche Carrera GT

- Price Increase: 186%

- Underperformed the S&P 500 by: 7%

Often hailed as one of the last great analog supercars, the Carrera GT’s values have climbed due to its V10 engine, manual transmission, and unique (mildly terrifying) driving experience. Just shy of the S&P 500’s return, but still a remarkable asset. Originally developed as a Formula 1-inspired project, the Carrera GT houses a naturally aspirated 5.7L V10, revving to 8,400 RPM. It’s paired with a six-speed manual gearbox, making it one of the last true driver-focused hypercars. With only 1,270 units produced, demand continues to grow, especially for pristine, low-mileage examples with full Porsche service history and the recent recall work carried out.

5. 1996 Porsche 993 Turbo

- Price Increase: 161%

- Underperformed the S&P 500 by: 32%

As the last air-cooled 911 Turbo, the 993 has remained highly desirable among Porsche enthusiasts. Though it didn’t quite match the S&P 500’s growth, it remains a solid investment with strong collector demand. Its combination of old-school Porsche charm and modern performance enhancements make it one of the most sought-after 911s. With a twin-turbocharged 3.6L flat-six producing 402 horsepower, the 993 Turbo was an instant classic. Its timeless silhouette, robust engineering, and limited production numbers contribute to its consistent value appreciation. Additionally, well-documented examples with low mileage command significant premiums in today’s market.

6. 2005 Ford GT

- Price Increase: 120%

- Underperformed the S&P 500 by: 73%

A modern homage to the legendary GT40, the 2005 Ford GT has been a strong performer but fell short of the S&P 500’s gains. However, with low production numbers and motorsport pedigree, it remains a desirable collector’s car that has enjoyed healthy appreciation. The mid-mounted 5.4L supercharged V8, producing 550 horsepower, delivers thrilling performance, making it a standout in the supercar segment. Built as a celebration of Ford’s Le Mans-winning legacy, the GT has gained a cult following. Low-mileage and well-maintained examples are highly prized, with collectors willing to pay a premium for cars with original documentation and original paint.

7. 1956 Mercedes-Benz 300SL Gullwing

- Price Increase: 100%

- Underperformed the S&P 500 by: 93%

One of the most iconic cars in history, the 300SL Gullwing remains a blue-chip collector’s item. However, its price growth over the past decade has been more modest compared to other classics and the stock market. Featuring innovative gullwing doors and a fuel-injected 3.0L inline-six, the 300SL was a groundbreaking supercar of its time. Its rarity, combined with its elegant design, has made it one of the most desirable classic cars ever produced. While values have remained stable, concours-condition examples continue to command premium prices at top auction houses worldwide.

Are Classic Cars a Better Investment?

While not every classic car outperformed the S&P 500, few delivered better returns. However, car investments come with unique risks, including maintenance costs, market fluctuations, and liquidity challenges. For those looking beyond traditional markets, collector cars remain an exciting and potentially lucrative alternative asset. For Autofolio’s take, be sure to explore our investment guides to help you find your next buy. 

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