Hellcat Prices Are Plummeting…Fast
Hellcat model pricing is on a steep downhill trend for both showroom-quality and daily-driven examples alike. Time for cheap horsepower!
If you’re looking to get behind the wheel of something with that signature wailing supercharger and the screaming Hemi exhaust note, you’re in for a treat. It’s beginning to look a lot like Christmas the way these Hellcat models are going on blowout sales around the country. While the MSRP of these 700+ horsepower models is largely unattainable for most, the use prices just keep getting lower and lower. That’s great news for those looking to buy but bad news for those who already own them. Moreover, a much lower price point makes them much more accessible to young drivers who lack the skillset to handle this kind of power. So, it’s not great news for those who don’t like to see a Hellcat crash, either.
Hagerty, which is almost unquestionably the authority on pricing for collector vehicles, recently posted an article outlining the declining sales prices of Challenger Hellcat models from the year 2015 to 2018. Known as the “narrowbody” years because they came before Dodge offered the “widebody” models (which are really just fender flares, but we don’t have to start that argument).
Since February 2024, Hagerty reports that the average sale price has decreased nearly 10 percent on these models overall. Let’s take a more in-depth look at these Hellcat prices and the trend that seems to be forecasting big losses for Hellcat owners.
Prices Plummeting Like Lead Balloons
Hagerty’s data shows that the average sale price of a 2015 – 2018 model year Challenger Hellcat was $61,959 in February of 2024. In July, though, the average price tanked to $56,690. Over $5,000 worth of depreciation in the span of five months is rough. At $1,000 per month, that’s some Mercedes-Benz-level depreciation right there. It’s hard to say whether narrowbody Hellcat owners should consider letting go before their losses get even heftier or if the prices will turn back around.
Perhaps the craziest bit of data Hagerty brought to the table is the average mileage on these Hellcats. The median annual mileage for these models is only 732 miles. So, assuming 2015 model year owners took delivery in 2014, that’s around 7,000 miles total. So, not only did they lose a ton of money, they didn’t even really get a chance to enjoy their Hellcats. We’re big advocates for driving your cars instead of letting them sit idly by to preserve resale value. Not to be smug, but we told you so.
Another great example of this phenomenon comes from the auction site Cars and Bids. A clean-title 2015 Dodge Challenger Hellcat with 47,200 miles sold for just $29,000. Under $30,000 for a 700-horsepower coupe is absolute madness. Similarly, a 2015 Charger Hellcat sold for $33,000. So, again, if you’ve been watching Hellcat prices closely, now might be the time to jump on one. If you currently own one, we suggest you calm your tears with a nice spirited drive.
Photos: Dodge
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