The 2023 Dodge Challenger SRT Demon 170 has been generating buzz due to its exceptional specifications, including a 1,025 horsepower engine and record-breaking acceleration. Some automotive enthusiasts assumed that the introduction of this new model would cause the value of the highly sought-after 2018 Dodge Challenger SRT Demon to drop. However, recent research indicates that the value of the 2018 model remains strong, despite the release of the new 2023 version.
Dealerships have been adding a markup of anywhere from $50,000 to $150,000 over the MSRP for the Demon 170. As a result, some dealers have also been increasing the prices of the 2018 SRT Demon. This has led to a rise in the average price of a used 2018 Dodge Challenger SRT Demon, which was previously around $125,000, to over $150,000, and even up to $300,000 for some models with low mileage.
Dealers appear to be holding onto these used 2018 models, hoping to attract buyers who are unable to acquire the new Demon 170 but are willing to pay a premium for the older model. Despite the impressive performance of the Demon 170, the 2018 SRT Demon is no slouch either, boasting a 1.8 gs G-force, a 0 to 60 mph time of 2.3 seconds, and a quarter-mile elapsed time of 9.65 seconds at 140 mph.
Over the past year, prices for the 2018 SRT Demon have continued to rise steadily, with some vehicles selling for as much as $190,000 for an 620-mile car with an upgrade from Hennessey Performance Engineering (HPE) on the popular online auction site BringATrailer.com. This indicates that the demand for the 2018 model remains robust among collectors and enthusiasts, despite the introduction of the new Demon 170.
The 2018 Dodge Challenger SRT Demon is a truly iconic vehicle that has earned legendary status in the world of muscle cars. Its impressive specifications, including a supercharged 6.2-liter HEMI® H.O. V8 engine, 840 horsepower on 100 octane fuel (808 horsepower on 93 octane), and a quarter-mile elapsed time of 9.65 seconds, have made it a highly coveted car among collectors and enthusiasts. The introduction of the new Demon 170 has only added to the mystique and allure of this already impressive vehicle.
It’s also important to consider the pricing of the new 2023 Dodge Challenger SRT Demon 170, which is already commanding high premiums over MSRP, and the potential impact of growing interest rates on the collector car market. These factors could influence the decisions of buyers and dealers alike when it comes to the value of the 2018 SRT Demon. As always, the market will ultimately determine the true value of these iconic muscle cars.
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