Take a car such as the Mitsubishi 3000GT – at the time how many people thought that a car like this would become a valuable classic one day? Many people just purchased and enjoyed, then on-sold or traded to other owners, and over increasing time and mileage some of the available fleet fell into disrepair, or got written off, or even purchased by savvy buyers as a “lock and leave” investment. Time and mileage take their toll on the fleet of available cars. However, I remember enough to know the basics of the supply and demand curve.Įven a year 2000 car is more than 20 years old now. I was never great at economics at high school. Conclusion – Why Are 90s/00s JDM Cars So Expensive … And Will Prices Ever Come Down?ĭiminishing Supply + Increasing Demand = Higher Prices.Old Enough To Import Into The United States.Speculation Mania – The Rising Tide Lifts All Boats.Diminishing Supply + Increasing Demand = Higher Prices.In this article, I’ll cover a few of the reasons why this particular type of car has become so pricey. It was in superb order.īut terrible automotive investment strategies aside, why are 1990s/2000s JDM cars so expensive now? However, my biggest faux pas was turning down an immaculate DC2 Integra Type R – offered to me for around $8000 NZD – that would easily be worth $40-50k now. I didn’t buy it because the insurance would have been crippling. I recall inspecting a lovely Mitsubishi Galant VR-4 for $5000, which would be 4-5x the price now. That same car would be five figures these days. ![]() I remember looking at a mint condition CRX Del Sol SiR – with the desirable manual lift-out roof for reduced weight – for about $3500 NZD. ![]() Of course this is just fake video game money, but the game did a good job of communicating the fact that these cars were fairly affordable.įast-forward to the mid/late 2000s, and I had just got my driver’s licence and was getting into cars.Īt this point in time (at least here in New Zealand) the country was awash with affordable used Japanese performance and/or interesting cars. So you take a trip to the used car dealerships, and there are all manner of weird and wonderful JDM and Japanese cars available.Īn MA70 Toyota Supra Turbo for less than 10,000 credits? … yes please. If you recall, you start the game with a meagre allocation of credits – certainly not enough to buy anything new. Back when I was a kid, my first introduction to used Japanese car buying as on Gran Turismo on the Playstation.
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