Another One Bites the Dust: The 1993 Chevy Camaro
The 1993 Chevy Camaro kicked some serious Mustang butt. So why isn’t it enjoying the same resale value?
Written by Andrew Koole
Reviewed by Kathleen Flear
The 1993
Chevrolet Camaro
should be considered a classic. The introductory model of the sports car’s fourth generation was adored by critics but ignored by buyers, increasing its rarity in today’s classic car
market.The 1993 Chevrolet Camaro was a Mustang murderer
At the base level, the fourth-gen Camaro didn’t have the horsepower numbers to compete with its primary rival, the
Ford Mustang
. The car’s V6 delivered 160 hp, significantly lower than the 205 hp that the Mustang GT delivered the same year. But opting for a V8 told a different story. The
Camaro Z28
increased the Camaro’s power to 275 hp, while the top-trim Mustang Cobra only offered 230 hp. It took Ford six years to offer Z28-level power in a Mustang, and by then, the Camaro’s engine had reached 305 hp.The 1993 Camaro also saved buyers money. Its base model started under $14,000 and the Z28 cost only $16,800—$1,700 less than the Cobra.
And yet, Chevy sold less than 40,000 Camaros in 1993.
MotorBiscuit
says sales picked up and surpassed the Mustang the following year, but only by 2,000 units. Interest in the 1993 Camaro hasn’t spiked like its rival pony car
‘90s nostalgia is growing in the classic car market, but it hasn’t caught on for the Camaro in the same way it has for other cars of the era.
Hagerty
says base ‘93 models are valued well under $10,000, regardless of condition, and Z28s from that year are still worth under $15,000.Even the ultra-rare Indy pace car models, of which there are only 645, are currently priced at $21,300—a steal compared to the special edition Mustang Cobra R, which is worth almost $94,000.
In fact, based on the values of fourth-gen Camaros in general, the car doesn’t seem to be finished depreciating. Despite passing the classic-car threshold, Camaros from ‘93 to ‘97 are still worth less than models from 2002, the generation’s last model year.
In contrast, the Fox-body Mustangs of the ‘80s are a massive hit for car collectors right now, and the following SN95 generation is enjoying its own resurgence as well.
You can capitalize on the 1993 Camaro’s affordability
The ‘93 Chevy Camaro might not be as passable as other ‘90s sports cars, but that actually makes it a great choice for a project car or collectible.
Its low price will leave you with a lot more money for restoration than rival models, and its age will make it easy to access classic car coverage.
If you decide to take advantage of the Camaro’s low price, be sure to shop for car insurance quotes online with Jerry. A licensed broker that offers end-to-end support, the Jerry app gathers affordable quotes, helps you switch plans, and can even help you cancel your old policy.
And to ensure you always have the lowest rate, Jerry will send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price.
This level of service is why Jerry earned a 4.7/5 rating on the App Store and made it the top insurance app in the country.
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