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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:

Pontiac Firebird in latest Generation Gap scrap

Generation Gap is mining the Lingenfelter collection again this week to compare two very different interpretations of the Pontiac Firebird. An original 1968 example goes toe-to-toe with a 2010 Lingenfelter Trans Am to see whether the old man or the modern re-imagining takes the crown.
Being from the Lingenfelter collection, both cars are absolutely immaculate. The '68 packs a Pontiac 350-cubic-inch (5.7-liter) V8 with a claimed 320 horsepower and some classic, muscular style with a hood-mounted tach. Plus, it's painted in an understated shade of green that you don't usually see.
In the other corner is Lingenfelter's pumped-up take on the classic shape based on the modern Camaro, and this is just one of six concept versions ever made. It wears an eye-catching, vintage-inspired livery of blue with a white stripe package. Under its shaker hood is a 455-cubic-inch (7.5-liter) V8 with a reported 655 hp and 610 pound-feet of torque.

Jay Leno tries out a 1970 Pontiac GTO Judge that looks factory fresh

The latest machine to show up on Jay Leno's Garage is arguably the most iconic Pontiac GTO, the 1970 Judge. The example here is a radically red model and features all of the nifty Judge features, such as the mega-size rear wing, hood-mounted tachometer, and ram air hood scoop. The latter of which had a panel in the hood that would open up at full throttle to let in all that cool air from outside. The car is owned by the Wade Kawasaki, president of Coker Tires, a company that specializes in reproducing classic tires. Not surprisingly, his GTO features a set of the company's Firestone Wide Oval tires. That particular tire would have come with the car originally, but these new versions are built like modern radial tires, rather than the slippery bias-ply originals. The tires are indicative of how Kawasaki restored the rest of his Judge. Everything has been taken back to factory-spec. It has a stock, 400-cubic inch V8 that makes a supposedly underrated 366 horsepower, and it's complete with the chrome valve covers and foam intake seal. The tires are accompanied by exact replica GTO Judge wheels. The car even has the true, original interior. Somehow, the upholstery, dash, and other interior components survived in excellent condition. Check out the video above for more details on this flashy muscle car, as well as some reminiscing about the "good ol' days," and some history on the origins of the car's name. Related Video: