2009 Pontiac G8 Gt Sedan 4-door 6.0l on 2040-cars

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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:

Driving the Kia K5 and Mini Cooper JCW GP, plus an interview with Jimmy Chin | Autoblog Podcast #637

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor, Green, John Beltz Snyder and News Editor Joel Stocksdale. They veer off right away into talking about their dream project garages. Next up is news, including some info on the next Nissan Z car, the Honda Fit being discontinued in the U.S., new Mercedes-Benz EQS details, and some talk about the new, electric GMC Hummer being adapted for the military. Then they talk about driving the new Kia K5 sedan and the Mini Cooper JCW GP, before they opine about the 1966 Pontiac GTO. Autoblog Senior Producer Chris McGraw interviews Oscar-winning filmmaker Jimmy Chin about his collaboration with Ford for the Bronco reveal, and more. Finally, our editors help a listener in the U.K. pick a used vehicle in the "Spend My Money" segment. Autoblog Podcast #637 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Some thoughts on project cars News Nissan suggests the next-generation Z won't be electrified at launch Fit Is Gone! Honda drops subcompact hatch in U.S. Mercedes-Benz announces the electric EQS will offer over 435 miles of range GMC's electric Hummer could someday serve alongside the Humvee in the U.S. Army Driving the 2021 Kia K5 Driving the 2020 Mini Cooper JCW GP 1966 Pontiac GTO: Love it or hate it? We talk Ford Bronco and other adventures with Oscar-winning filmmaker Jimmy Chin Spend My Money Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video:

Burt Reynolds' personal 1977 Trans-Am from Smokey And The Bandit for sale

Smokey and the Bandit is one of those quintessential 1970s car movies with insane premises but tons of fun. After all, the basic plot of the film is about distracting the police to transport cases of Coors beer cross country. While Burt Reynolds receives top billing, the real star is definitely his black Pontiac Trans-Am. Now, there's a chance to posses one of these muscle machines actually owned by Reynolds, and it's already proving quite popular. The car is a '77 Trans-Am with the famous, gold screaming chicken proudly on the hood. However, while this is a piece of Reynolds memorabilia, it's not really part of cinematic history. According to the listing, this example was used as a promotional vehicle and then given to Reynolds with a title showing him as a previous owner for proof. Still, there's 400-cubic-inch (6.55-liter) V8 under the hood with a 4-barrel carburetor and an automatic transmission. A plaque inside the driver's door proclaims the car as a "1977 Pontiac Trans Am Owned By Burt Reynolds," and there's a Bandit logo on the door. This is just one lot of Julien Auction's sale of Reynolds memorabilia on December 11 and 12 at The Palms Casino Resort in Las Vegas, NV. Bidding is already running online, and the Trans-Am is up to $130,000, as of this writing. For the true Reynolds fanatic, the auction also lists the motorized stagecoach from his wedding to Loni Anderson. It rides built on an International Harvester Scout frame with an interior reportedly from Dolly Parton.