Porsche 911s and E30 M3s have gotten more and more expensive, but we’ve always been able to rely on cars like Miatas and old hot hatches to keep prices reasonable. That probably hasn’t changed, but we know people will pay almost anything for a typical example of this type.
A 1992 Volkswagen Golf GTI 16V was recently sold for $87,000 on Bring a Trailer. This is not necessarily a typical example. His 31-year-old car looks absolutely perfect, has only 53,000 miles on it, and is essentially brand new.
However, this marks a shift in the market. His GTI 16V, a similar Canadian market model, was also red with only 75,000 miles, and in less than a year at BaT he sold for $42,560. This is half the price. The majority of sales for this model are around $15-25,000.
It’s unusual that this sold for such a high price, and it’s also a sign that these primitive examples of cars are about to go up in price. is difficult.
Disclaimer: Trailer owner Road & Track Parent company Hearst Autos.