This is purely a subjective observation, but when we think of classic late sixties muscle car styling, the GTO immediately comes to mind. Pontiac designers brought it out of the chrome and flash era of the early and mid-sixties right into the muted, "euro" theme that was to become popular in the seventies. The optional hideaway headlights screamed sixties, too.
Plus | Minus |
Great value |
Probably little to no upside for most versions Watch for those Judge fakes |
As time passed, Pontiac seemed to move the GTO more upscale as a comfortable, powerful boulevard cruiser. The option list ballooned with comfort and convenience options. Many went out the door with the base 400, automatic, vinyl roof and air conditioning. It was still a potent car, but weight was up both in base form and as a result of each, on average, carrying around more optional equipment. Manual transmissions, which accounted for about 75% of GTO production in 1965, declined to just 40% in 1969. Rest assured, however, that the performance was still there. It's just that it wasn't automatically there -- you had to go to the option list.
The most coveted options start with, what else, more speed. The optional 400ci with Ram Air induction and the 4spd manual are very desirable. The automatic isn't a liability on the milder versions though, as it seems as many buyers today are looking for the same thing in this car as they did when new: powerful, smooth and effortless performance with a dose of civility thrown in. But these being muscle cars, naturally the more muscle the better. A 400 HO option rated at 360hp was the first tick up. Then the real action started. The Ram Air option, still rated at 360hp, got you functional ram air induction.
Mid year, it replaced by the Ram Air-II motor, still officially rated at 360hp. In '69 this became the RA-III (now rated at 366hp) and a super hot RA-IV was another step up. The RA-IV is quite rare and its 370 underrated horses can bump prices another 25-30% on the coupe and 50% on the convertible all by itself.
As it is on most cars from this era, air conditioning is a plus. By this time GM air conditioning in particular was so good it would cool your house if you hooked up some duct work! Indeed, it seems stronger than many of today's systems. The new bench seat hurts values just a bit, as does the column shift. The buckets and console are just more in line with the GTO image.
All kinds of extras were available: tilt wheel, rallye dash, even cornering lights. Except for the rallye dash (two versions, depending on whether you had a hood tach or not), these really don't make a measurable difference on value by themselves, but together they can bump up prices. There was also an economy engine option, 2bbl version of the 400 making 255/265hp. A few thousand were produced, but we've only seen a couple. Most likely owners installed a 4bbl intake and carb somewhere along the way.
The baddest GTO from this era is, of course, the limited production The Judge. It was added shortly after the rest of the line bowed. Not many people realize it, but The Judge was originally supposed to be a de-contented, more affordable version of the GTO with an emphasis on performance to compete with the successful, stripped down Road Runners and Super Bees from Chrysler. It didn't turn out that way, as standard equipment wasn't pared down at all and included rear spoiler, black out grille, special graphics and most importantly, the Ram Air III 400 with functioning hood scoops. A three speed manual with a Hurst Shifter was standard, but we've seen very few of those. At first, The Judge only came in Carousal Red (orange, really), but later it was available on any color. About 20-25% of the total run received a coat of paint other than Carousal Red.
With Judge prices skyrocketing, the inevitble parade of clones, fakes, counterfeits, tributes, etc, are out there on the market. More are showing up all the time. Be very, very careful when buying a Judge, especially a convertible. While many honest sellers acknowledge the lack of originality, there are many dishonest ones that do not. Some may not even know they don't have the real Mccoy, as there are counterfeits out there that even experts can't discern.
Today, the market recognizes GTO's shift of focus, as values are below those of earlier models. That's not to say, however, that they are weak, as these are still very desirable in the pecking order of sixties Detroit Iron. Very nice examples of an automatic, base 400 model generally fall in the $20-24,000 range for the hardtop, $38,000 plus for the convertible. Drop down a notch into the good driver category, stay away from the high profile auctions, and with a little patience you're in a hardtop at 14-15 and a convertible at 26 or so. 2019 Update: Add about 25% to these number today as values have remained quite affordable. Exceptions are genuine Ram Air IV models, which can double these prices.
Values on Judge models have been moving upward at a dizzying pace as of late. Nice hardtops are pushing, and sometimes surpassing, $40,000. And then you have the Judge convertibles. Extremely rare, you probably can't touch one for under $100,000, and they've approached $200,000 at the high profile auctions. This has all happened in an almost choreograph manner over the past year. Recent advertised prices have been seen with asking prices close to $1/2 million. That's simply absurd. While we have raised our price guidelines substantially, we're going to wait just a bit more until we see more than a handful of these transactions before we post anything like those numbers in our guides. Update 2019: The Judge editions crashed pretty hard during The Great Market Correction of the late 00's, but have had some time to recover somewhat. Today a #2 hardtop is about $55-60,000, while a genuine convertible might hit $90,000. Equipped with the RAIV engine, values approach $100,000 for a hardtop with the convertible in the $175,000 range.
Note: The rest of the comments are from the 2005 article, but can be applied to today's market as well.Where are prices going? We're very hesitant to recommend a Judge model at the prices they've been bringing. They may have one more round increases left, but we don't see it going past that. Let's get real guys. If you step back and examine what you're really getting, it's a corporate GM intermediate with a big engine and different trim. You can duplicate it it yourself without any extra effort--and not a whole lot of money--over a regular restoration. In fact, this entire market segment (the really big-buck muscle cars) has us a little nervous at the levels it has reached.
As for the "pedestrian" GTO's. We love 'em. So many of these were spared the scrap heap not only because they were recognized as worth holding on to, they're tough, durable cars in their own right. There's a good supply so prices have been kept sane, and when the market correction comes, they're not going to get hurt too badly. As drivers they're tough to beat. Heck you could drive one every day if you wanted -- they're smooth, quick, reliable, and many are equipped with GM's excellent air conditioning system. They brake well enought to fit seamlessly into modern traffic. Geez, we just talked ourselves into one!
(C) Copyright 2005- VMR International, Inc. All rights reserved. This article first appeared in the December 2005 issue of Collector Car Market Review.