1962 BMW 1500 Brooklyn NY

To qualify as a "modern classics," vehicles are chosen based upon comparative affordability now and that we think will increase in value over time. They are cars that many people would love to have: head-turners, trend-setters in their time, cars that people still see that make them smile, then want to hit the cruise circuit. They are cars that were definitive in their own right, stylish and fun to drive. Our focus is on cars that are at least 25 years old, so they can be registered and insured cheaply, and aren't subject to annual inspections.

Tastes may vary, as may peoples' own definitions of "affordable." Our theoretical limit is $50,000 for a car in good to excellent condition, which rules out many of the traditional exotics. This month's selection is the 1962 BMW 1500.

BMW's new 5-Series sedan introduction at the 1995 Frankfurt Auto Show continued a tradition—the company's 1500 Series had bowed at Frankfurt in 1961. Popularly known as the "New Class" or "New Range," the 1500 initiated a successful line of agile, midsize BMW sedans that continues to this day. Although it took another 11 months before the 1500 was in series production, BMW's future formula was clear: four doors, room for five, a sporty SOHC engine with an alloy head, fine handling, neat styling and high-speed autobahn capability.

Author: Ken Gross

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