Now Is the Perfect Time to Enter the Antique Pickup Scene
Ford’s old-school pickup trucks have seen a slight, but steady increase in prices, and are now highly sought after classics.
It’s no secret that the Ford F-Series has been the best-selling vehicle in America for some time now. Americans love their pickup trucks, and Ford continuously offers some of the best on the road. What pickup truck enthusiasts might not know, though, is that now is the best time to get a classic Ford pickup.
According to a report by Bloomberg, prices for Ford’s classic pickups have steadily increased, and now the trucks are ripe for the picking.
The first of Ford’s F-Series pickups were the 1948 F-1, F-2, and F-3. Those pickups were lookers with an extremely short overhang at the front, narrow-looking faces, and muscle-car like fenders. The trucks helped Ford begin its successful history in the US, and were part of the automaker’s all-new cars that were developed after World War II.
The no-frills approach of the F-1 was a massive hit, as Ford reportedly sold more than 26 million trucks globally. While the truck cost just $1,200 when it came out, prices for the pickups have skyrocketed. According to Hagerty, a ’48 F-1 Half-Ton in excellent condition is worth $24,400, while good examples can fetch around $11,700. The same vehicle was worth just $18,700 in excellent condition back in 2012.
Those prices aren’t flukes either, as fully-restored examples sold for even more money. In 2014, a ’53 F-100 crossed RM Sotheby’s block for $38,500. And more recently, this ’48 on Hemmings, which has been updated is going for a staggering $64,900. Either way you cut it, that’s impressive.
What’s driving the price for early Ford pickup trucks higher? According to sources, it has a lot to do with the pickups’ easy to maintain powertrain, the entry-level prices compared to other classic cars from the same period, and the fact that parts are easy to come by.
Enthusiasts looking to make a tidy profit on a classic pickup should try to obtain a second-gem truck – like this one from Hemmings. These were made from 1953 to 1956, as Pete Fisher, an automotive specialist for RM Sotheby’s believes trucks from that period are the most sought after. Trucks from the late ‘60s and into the early ‘70s, like this other example are also desirable, as they are the best looking.
While enthusiasts can make a pretty penny on a classic truck, it’s important to find a good example of one, which should be as original as possible, have minimal rust, and aren’t beaten to death.
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Photos via: [Hemmings]