by Owner of Dodge Demon 170 Lost Thousands of Dollars Due to Price Drop
Collectors often buy rare cars hoping for their value to appreciate. However, this strategy does not always pay off. The story of the Dodge Demon 170 is a prime example of how investments can fail.
Last year, the owner rejected an offer of $159,366, but a year later the car went under the hammer for much less. The value dropped by at least $29,241, even though the mileage increased by only one mile during this time—from 8 to 9.
Why Did the Demon 170 Lose Value?
Despite unique characteristics—1025 horsepower and drag racing capabilities—demand for this model is gradually decreasing. Market data analysis shows a steady price decline since mid-2022.
“The Dodge dealer did me a favor by refusing to sell the Demon 170 for $50,000 above the recommended price,” comments one user.
As it turned out, that decision helped him avoid financial losses. Other commentators had predicted a year ago that the car’s value would never reach its previous heights again.
This story is a reminder that investments in collectible cars always involve risks. Even powerful and limited series like the Demon 170 do not always meet profit expectations. Perhaps the best strategy is to simply enjoy driving it, rather than hoping for quick enrichment.
