How much is a 1962 Dodge Lancer worth?
The 1962 Dodge Lancer is a classic vehicle that has captured the hearts of car enthusiasts and collectors alike. As with any classic car, its value can vary significantly based on several factors, including condition, rarity, and market demand. In this article, we will explore the various aspects that influence the worth of a 1962 Dodge Lancer.
Factors Influencing Value
When determining the value of a 1962 Dodge Lancer, several key factors come into play:
- Condition: The overall condition of the vehicle is paramount. Cars in excellent condition with minimal rust and original parts will fetch higher prices.
- Rarity: Limited production models or those with unique features can be more valuable. The Lancer was produced in various trims, and rarer versions are often sought after.
- Restoration: A well-restored vehicle can significantly increase its value. However, modifications that stray too far from the original specifications may decrease its worth.
- Market Demand: The classic car market can fluctuate. Prices may rise or fall based on current trends and the popularity of the model among collectors.
- Documentation: Having original paperwork, service records, and ownership history can enhance the car's value.
Current Market Value
As of 2025, the value of a 1962 Dodge Lancer typically ranges from:
- $5,000 to $15,000: For models in fair to good condition.
- $15,000 to $30,000: For well-maintained examples with original parts.
- $30,000 and above: For rare models or those that have undergone extensive restoration.
It's important to note that these values can vary based on location and the specific market conditions at the time of sale. Auctions and classic car shows can also influence pricing, as buyers may be willing to pay a premium for a vehicle they are passionate about.
Conclusion
The 1962 Dodge Lancer remains a beloved classic car with a value that reflects its condition, rarity, and market demand. For potential buyers or sellers, understanding these factors is crucial in making informed decisions. Whether you're looking to purchase one or sell your own, staying updated on market trends will help you navigate the classic car landscape effectively.
Frequently Asked Questions
Is Lancer good or bad?
The Mitsubishi Lancer is fairly reliable. RepairPal gave it a 3.5 out of 5.0 reliability score, and many owners have driven their Lancers for more than 100,000 miles.
How many 1962 Dodge Lancers were made?
Production Figures
| Total Dodge Production for 1962 : | 240,484 |
|---|---|
| 1962 Dodge Lancer 770 | |
| GT Hardtop Coupe 2 dr. 5 P : | 14,140 |
Why is the Lancer so popular?
Known as an affordable and dependable compact sedan, the sporty Lancer was loads of fun to drive. Meanwhile the Lancer Evolution, popular on the world rally scene, established itself as a performance workhorse that put other sportscars in its rearview mirror, and a smile on its drivers faces.
What year did Dodge make the Lancer?
1961–1962: Lancer
| 1961–1962 | |
|---|---|
| Also called | DeSoto Rebel (South Africa) |
| Production | 1960–1962 |
| Model years | 1961–1962 |
| Assembly | United States: Los Angeles, California Newark, Delaware St. Louis, Missouri Mexico: Mexico City Switzerland: AMAG Automobil- und Motoren, Schinznach |
How much do Lancers go for?
Prices for a used Mitsubishi Lancer currently range from $2,991 to $45,991, with vehicle mileage ranging from 19,303 to 189,040.
Which year Lancer is best?
Most Reliable Mitsubishi Lancer Years: Eighth Generation (Sold: 2002-2007)
- 2004 Mitsubishi Lancer. Although the eighth-generation Lancer debuted for the 2002 model year, the early years of this version were plagued with drivetrain problems.
- 2005 Mitsubishi Lancer.
- 2006 Mitsubishi Lancer.
- 2007 Mitsubishi Lancer.
What engines do Lancers have?
The Mitsubishi Lancer has 1 Diesel Engine and 2 Petrol Engine on offer. The Diesel engine is 1998 cc while the Petrol engine is 1468 cc and 1795 cc . It is available with Manual & Automatic transmission.
Why was the Lancer discontinued?
Slowly, however, market demand started shifting towards vehicles offering greater versatility and space, and cars with smaller environmental footprints. In 2017, Mitsubishi decided to stop production of the Lancer and shift its focus over to crossovers and SUVs, as well as electric and hybrid powertrains.
What is the rarest Lancer?
Evo VI Extreme
I believe in the Lancer GSR EVO VI there was only ever 572 built in Rheims Blue making it the rarest of that gen with the exception of the Evo VI Extreme. Even rarer than the Tommi Mäkinen Edition.
What is the most expensive Lancer?
Mitsubishi Lancer Evolution VI Tommi Makinen Edition
A Mitsubishi Lancer Evolution VI Tommi Makinen Edition sold for £100,100. That's a whole lot of moola to spend on an automobile, but it makes the Lancer Evolution VI Tommi Makinen Edition the most expensive Lancer ever sold at an auction. For us Americans, £100,100 is a little less than $121,000.
