10 Classic Cars that are Plummeting in Value

10. Pontiac GTO (1964)

One could argue that the Pontiac GTO is the original muscle car. Numerous American performance cars preceded it, however the GTO was the first to combine an oversized engine, affordable pricing, and advertising that emphasized performance. In 1964, Pontiac put a 389-cubic-inch (6.4-liter) V8 into its Tempest, bypassing restrictions put in place by the GM higher-ups on engine sizes for smaller cars. Moreover, the Pontiac stole a name from Ferrari. “GTO” is short for “Gran Turismo Omologato,” signifying race cars however the Pontiac GTO wasn’t built to race so this was simply a marketing play.

The Pontiac GTO can now be bought significantly below it’s launch value