If you are caught up in AMC’s Mad Men, you’ll know that Sterling Cooper Draper Pryce and the agency it is going to merge with just snagged a huge piece of business from Chevrolet to launch an important new vehicle in 1970 code-named XP-887.
That vehicle, which the show’s protagonist–creative director Don Draper–takes to be General Motors‘ answer to the Ford Mustang, was actually the Chevy Vega. Hardly an answer to the Mustang, the Vega was hailed as a car that was going to vault Chevy ahead of the competition. In truth, it was almost the car that sunk the automaker.
The Vega was really more of an answer to Ford’s Pinto. It was better looking than the Pinto for sure, but had so many other problems lurking beneath the sheet-metal that it has gone down in history as one of the auto industry’s worst cars ever.
The car was not developed by the Chevy group, but rather by a corporate group inside GM, led by GM President Ed Cole. In the late 1960s, GM’s brands–Chevy, Pontiac, Buick, Oldsmobile and Cadillac–each had their own engineering and design staffs and each was highly territorial and competitive with the other brands. Chevy, said the brand’s chief in 1970 John DeLorean (in the book: On a Clear Day You Can See General Motors), did not want the car. “We were to start building the car in about a year, and nobody wanted anything to do with it. Chevy’s engineering staff was only going through the motions of preparing the car for production, but nothing more. Engineers are a very proud group. They take interest and pride in their designs, but this was not their car and they did not want to work on it.”
Though plenty of GM executives hated the Vega, it nevertheless sold in huge numbers to the public. During its first full year, 1971, Chevy sold 277,700 of them. During 1972, it sold 394,592 units, then 395,792 in 1973 and 452,886 for 1974. Those numbers would be good enough for Vega to be best selling car in America today.
GM did not put its best engineers on the Vega, though. It had notoriously thin sheet-metal, and soon the car was turning up back at dealerships with serious rust problems. Vega fenders were needing full replacement after just two seasons of snow and salt. Additionally, the plant in Lordstown, Ohio that was producing Vegas were full of disgruntled workers, culminating in a wildcat strike in 1972.
The car was yew heavy for its size, and the four-cylinder engine was built from a combination of cast-iron and aluminum that made for a noisy, top-heavy power-plant that disappointed just about everyone who bought one.
Vegas are tough to come by on ebay.com and Craigslist. They were so prone to rust and being junked that few survive today. A 1976 two-door Chevy Vega Nomad wagon spied this week on ebay is one of only 4,000 built in this style. And even with that rarity, and just 55,000 miles on the odometer, the bidding was up to only $2,325.
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Hagerty Insurance, a Traverse City, Mich. company that specializes in covering cars that are already classics, recently released its Hot List of cars that it thinks will become future classics. “Most new car news focuses on the latest interactive technology, alternative power sources, and the race to increased efficiency,” said McKeel Hagerty, President and CEO of Hagerty. “But for a car to be collectible in the future, it has to be cool right off the assembly line. A collectible car has to grab you and not let you go.” The company’s picks are all 2014 model year cars that have an MSRP of less than $100,000, although there is a wide range in what these future classics cost right now, starting at under $22,000 and ending up more than $90,000. Click through to see which cars Hagerty sees as being future collectibles. And make sure to let us know what you think they missed.
10. Ford Fiesta ST
Sticker Price: $21,400 Invoice Price: NA Fuel Economy: 26 mpg city, 35 mpg highway
Not many subcompacts have achieved collectible status, but the Ford Fiesta is set for future greatness, according to Hagerty. This hot hatchback is a dream to drive. While engine power isn’t exactly anything to write home about, its slick styling and handling will be enough to grab the attention of future collectors.
Sticker Price: $35,095 Invoice Price: NA Fuel Economy: NA
While the term ‘classic car’ usually conjures images of growling muscle cars or huge American road boats rolling on white-walled tires, Jeep is creating a new category of classics all its own. The Rubicon is the highest trim level of the new Jeep Wrangler and Hagerty says that its rugged styling and demeanor will make it a classic. Its 285-hp engine and stiff handling have earned praise from off-road aficionados. The top, doors and even windshield remove for drivers who want that open jeep feel.
Sticker Price: $36,995 Invoice Price: NA Fuel Economy: NA
Dodge has often referenced its classic muscle cars of its past in its new products, but the Challenger Shaker goes back to its roots quite aggressively. Hagerty says that this will make it a classic. The cool retro scoop that protrudes from the center of the hood provides air intake for the massive engine. And we do mean massive. To roar like a classic, Dodge outfitted the Challenger Shaker with a 5.7-liter Hemi V8 engine.
Sticker Price: $43,020 Invoice Price: NA Fuel Economy: 18 mpg city, 26 mpg highway
Most people don’t think of Nissan as a brand capable of achieving classic status, but that could change with the 370Z NISMO. The smoothly sloping body looks more like an Italian sports car than anything else offered from Asian automakers. Under the body, the NISMO takes its performance cues from the race track. Its stiff suspension, ultra lightweight wheels and 350-hp V6 engine are enough to delight any enthusiast.
Chevrolet’s new Corvette snagged the 2014 Car of the Year award at the North American International Auto Show, an award the car richly deserved. Corvettes already scream classic. They’re highly collectible, no matter what year, and the new 2014 Stingray is no exception. The small block V8 engine kicks out 455 hp and 450 pound-feet of torque, propelling the C7 from zero to 60 mph in a blistering four seconds. The angular body and and sharply slanted headlights make the new Corvette a modern classic.
Sticker Price: $54,000 Invoice Price: NA Fuel Economy: 24 mpg city, 32 mpg highway
You generally don’t hear”Italian sports car” and “budget-conscious” together in the same sentence, but that’s exactly what we have with the Alfa Romeo 4C. Starting at just $54,000, this sexy two-seater boasts a super low curb weight and 237-hp engine. The 4C should be a serious sports car contender when it arrives in the U.S.
4. Maserati Ghibli S
Sticker Price: $75,700 Invoice Price: NA Fuel Economy: 15 mpg city, 25 mpg highway
This svelte Italian luxury sedan took the fourth spot on Hagerty’s list due to its handsome looks and high-performance engine. Powered by a twin-turbo 3.0 liter V6, the car is capable of producing 410 hp. The Maserati Ghibli S is more than just a pretty face, it seems.
Sticker Price: $90,000 Invoice Price: NA Fuel Economy: NA
The Chevrolet Camaro COPO comes ready for the drag strip with several different V8 engine options. Production has been limited to just 69 untils, meaning future collectibility is virtually guaranteed, according to Hagerty. The first one of these nasty machines is slated to be auctioned off atBarrett-Jackson in Arizona.
With a monster engine producing 560 hp, the BMW M5 is the performance enthusiast’s dream. Hagerty says that the car is destined to become a classic because it still employs an old-school manual transmission, which is quickly becoming extinct in these high-powered exotic cars. Enthusiasts should snatch this up — if they have $93,000 lying around, of course — before the stick shift is gone forever.
Sticker Price: $99,000 Invoice Price: NA Fuel Economy: NA
The Jaguar F-Type R just barely made the price cutoff with its $99,000 sticker price. That’s a hefty number, but this car is worth it. Hagerty says the car will become a classic because of its striking design, burly V8 engine and utterly amazing exhaust note. Though the F-Type can be had as a convertible, the higher-performance F-Type R is only available as a coupe.