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What's driving the spike in air-cooled Porsche 911 prices

Classic car prices have been racing skyward in general, but prices for air-cooled (pre-1999) Porsche 911s are ascending like they're strapped to rocket boosters. It's been going on for years, and every year people are surprised by how outrageous it's getting: Classic Driver covered it this month, as did The Truth About Cars who included this example of a "scruffy" 1993 RS America with 215,000 miles asking $80K; Mike Spinelli at Drive riffed on it at length last year along with a host of classic-car-market observers; Porsche forums were at it two years ago; and let's not even get into the 993 Turbo, going for prices so high you have to lie down to look at them. Speed Academy has run a piece looking at why it's happening, one theory being that regular-guy owners are hopping on the runaway-price wagon without any good reason. As in the example of that high-mileage, scruffy 911 RS America at Bring a Trailer, the owner sees pristine examples valued by Hagerty at $170,000, and even though the average value is $93,238 he thinks something like, "Mine's got to be worth half of top dollar ..." The tide - even one rising on air - makes it hard to find decent prices. Then there is the flood of money into the market. In spite of articles that try to temper investors' outlooks on collectible cars, other articles in places like the Financial Times and the Guardian promote vintage metal as a safe place to put money and reap astonishing returns. Speed Academy thinks one side effect of high 911 prices is that responsible enthusiasts are turning their attention to cars like the BMW 2002, E30 M3, and E9 3.0CS, saying their prices are "sharply on the rise." The entire article is worth a read since it goes into markets far afield from pricey German steel, but incredibly, the entire piece was actually inspired by a 1997 Acura Integra R that sold for $43,000 on eBay. So while this could be the best time to get into the classic car market if you know what you're doing, it is certainly the best time to do your homework. Related Video:

Junkyard Gem: 2001 Pontiac Aztek

Ah, the Pontiac Aztek. Everyone laughs at the Aztek ... except, apparently, for Coloradans who like to go camping, bike riding, hiking, and all that outdoorsy stuff that folks do in the Centennial State. You'll see Azteks being driven, unironically and without shame, all over the place in the Denver region, and now plenty of them are showing up in the local wrecking yards. Here's a first-year-of-production example in its final campground. These minivans or crossovers (or however the experts finally decided to categorize them) had built-in air compressors, audio controls in the rear cargo area, and other features meant to enhance tailgating, camping, and other activities deemed central to Generation X's allegedly active lifestyle. You could even get an optional camping kit with a tent that attached to the rear of the Aztek. So, it was a General Motors minivan-like vehicle, cousin of the weird-looking Dustbusters of the 1990s, with lots of useful features for those who did more than just commute to work and drop off kids at school. Unfortunately for GM, the Aztek was staggeringly ugly, and Generation Xers were too damned broke to buy new cars in 2001, anyway. I see plenty of them in Denver-area wrecking yards now, along with their slightly-less-offensive-looking Buick Rendezvous siblings, and so I decided to document one before they're all gone. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Gear up, go for a stroll, or let it slide? Related Video: Featured Gallery Junked 2001 Pontiac Aztek View 11 Photos Auto News Pontiac Crossover pontiac aztek

GM issues four new recalls, 2.4 million cars affected

General Motors has announced another set of recalls, covering some 2.42 million cars in the United States. For those keeping track, The General has now recalled over 15 million cars worldwide this year due to various issues.
Here's the breakdown for this most recent set of recalls:
1,339,355 - Buick Enclave, Chevrolet Traverse, GMC Acadia models from the 2009 to 2014 model years; Saturn Outlook models from the 2009 to 2010 model years