
The sole Japanese model that fetches serious money in the classic car market is Japan’s first supercar, the Toyota 2000GT. Collectors pay more than US$400,000 for the road versions while a 2000GT racer is currently being offered for US$1.7 million. 
Whatever  you think about the insane prices that some people are willing to pay  for them, you would never apply this term to 30-year-old run-of-the-mill  Japanese compact cars.  
Nostalgia,  however, can be a very powerful emotion. That’s why mainstream Japanese  cars, which at their time were considered reliable and frugal but not  really exciting, are gaining a growing number of followers.  
One  of them is 36-year old Jun Imai who works as a designer at Hot Wheels  having directed the styling for two 1970s Nissan die-cast models that  the Mattel-owned company released last year. 
“It’s a very special feeling I have for cars like these”, told Detnews,  Imai, who lives in Southern California and owns a 1971 Datsun 510 wagon  and a 1972 Datsun pickup. “They are so distinctive in the designs, the  sound of the engines, the way they drive, yet most are approachable in  terms of costs and availability”, he adds. 
Imai  is not alone in having a passion for old Japanese metal. In a 2005  meeting set up in Long Beach by Terry Yamaguchi and her husband, Koji,  owners of a 1972 Toyota Celica coupe and a 1977 Celica liftback, more  than 200 cars showed up. The show then became an official event called  the Japanese Classic Car Show and it continues to be held today  attracting about 350 entries. 
People  who are usually interested in old, fairly common Japanese cars are  30-something men that grew up with these models and can now afford to  buy and run them.  
Bryan  Thompson, a designer for Nissan from 2001 until 2009 who currently  works as a contract designer for Volvo, says that he chose his  profession because he was fond of his parents’ 1983 Toyota Tercel wagon. 
“When  you have everyday cars, there’s an emotional connection”, he explains.  “They’re part of your life in the way a pet or a family member is part  of your life.” 
Nostalgia is also what prompted Toyota to manufacture what it claims to be a modern-day version of its Corolla AE-86,  a favorite among drift drivers. However, that’s only one side of the  coin. The other that sparked the resurgence of interest in old Japanese  cars was the Fast and Furious franchise. 
Benjamin  Hsu, co-founder of the Japanese Nostalgic Car magazine and website,  says that the franchise had a huge impact: “People wanted to find out  what the Japanese were doing. And what Japanese people were doing was  drifting.” 
With almost  every affordable Japanese model being front-wheel drive, the solution  was simple: buy an old one. “Japanese companies weren’t building  rear-wheel drive cars, unless you get to high-end luxury”, says Hsu.  Therefore, 1980s models like the Nissan 240SX, the Corolla GT-S and the  first-generation Mazda RX-7 suddenly became very popular. 
It’s  not just rear-wheel drive Japanese models that attract U.S. buyers:  Detnews reports that, on eBay, a 1976 Honda Civic CVCC with 59,000 miles  on the odometer sold for US$3,550. Serious cash for such a small car,  but still much less than what a comparable Alfa Romeo or Chevy Camaro,  for example, would cost.
Story References: Detnews 
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