Top ten classic cars set to rise in value

Varied list of top ten cars to watch ranges from Renault 5 GT Turbo to Mercedes-Benz SLS AMG

Top ten classic cars set to rise in value

Insurance firm, Hagerty has released its first UK-focused list of “smart-buy” classic cars.

To compile the report, Hagerty analysed both its market valuation data and insurance quotes and policies, looking for indicators that suggest a car is rising in value and increasingly in demand among drivers.

The UK Hagerty Price Guide also tracks auction sale results and private sales to ensure drivers can be fully informed about the value of a classic or modern-classic car.

Jon Mayhead, head of Hagerty UK valuations, said “It’s a wonderfully diverse list that offers cars that are accessibly to many enthusiasts.

“Although changes in the value of a classic car may be far from an enthusiast’s mind, these cars may offer the chance for some of their ownership costs to be offset if they rise in value as predicted.”

Aston Martin DB7

The average Hagerty Price Guide ‘excellent’ value across the DB7 range has dropped from £37,680 in 2019 to £31,580 today.

But it’s an Aston Martin and will surely bounce back.

As the cars’ age and miles creep up, well-preserved examples should become more sought-after, now may well be the time to buy while prices are low.

Ferrari 328

Ferrari 328 values shot up in the first half of the 2010 but since then it has dropped annually as the appetite for modern-classic Ferraris subsided.

From 2016 to 2019, values fell at roughly 11 per cent per annum, but last year this reduced to just two per cent.

It has all the markers of a successful classic: a legendary manufacturer, rarity and an 80s look that is so attractive.

Ford Focus Mk1

Values for the Focus are low: even an ‘excellent’ example can be purchased for around the £1,400-mark, fair ones for much less.

Hagerty suggests that it’s a very small outlay for a piece of automotive history that drives as good as it looks.

Jaguar Mark II

The Jaguar Mk II is an iconic classic which has been collected and cherished since the day it was first sold.

In recent years, prices have been relatively steady, however, values have already risen by nearly a third this year.

We feel that the Mark II Jaguar still has potential for growth and now may be the time to buy.

Land Rover Discovery (Series 1)

Values of classic Range Rovers have rocketed over the last five years, and we believe it’s about time the Series I Land Rover Discovery followed suit. Until recently, even the best could be bought for a few thousand, but in recent months, exceptional examples have achieved much more: in June, CCA sold one for £12,320.

Mercedes-Benz SLS AMG

As with most modern performance cars, values tend to dip at first and until very recently advertised prices were dropping each month compared with 12 months previously.

From September 2020, asking prices rose: the convertible by 2.3 per cent and the coupe by 2.5 per cent.

As Mercedes gears up for the era of electrification, the SLS could be a high-tide mark from the petrol era.

Mini Cooper

Values of all variants of the Mk 1 Austin/Morris Mini Cooper have been increasing in value over the last few years, but Hagerty believes they have the potential to rise again in 2021, thanks to the 60th birthday.

The first 997cc model also seems somewhat undervalued, given the prices asked for its later, larger-engined brethren.

Porsche 944 S2

The 944 is still available for just a few thousand pounds. Our pick of the bunch is the naturally aspirated S2. More drivable than the Turbo but with just 10hp less, the 3-litre S2 briefly shot up in value in 2016, and after a quick correction has been gaining steadily in value ever since.

Best examples of the 944 S2 now sell for in excess of our top Hagerty Price Guide figure: always a sure sign values are moving.

Renault 5 GT Turbo

Hot hatches are the modern classic cars of the moment and values of popular models have soared, but one is still obtainable and it’s more powerful than them all.

With 115bhp on tap the Renault 5 GT Turbo has a current value of £12,900 and still looks as if it has significant potential to climb.

Toyota MR2 (Mk3)

How long can a car like the Toyota MR2 remain a secret?

Even a rare unmolested example will only set you back a few thousand pounds.

It has Toyota’s robust mechanicals and leather or Alcantara options make the interior not a bad place too.

With a HPG ‘excellent’ value at just £4,100 the roadster from Japan seems undervalued.

Home Page Forums Top ten classic cars set to rise in value

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    Insurance firm, Hagerty has released its first UK-focused list of “smart-buy” classic cars. To compile the report, Hagerty analysed both its market va
    [See the full post at: Top ten classic cars set to rise in value]

    #205378 Reply
    Meat-Head
    Blocked

    Just an excuse to put the price on insurance on them up.

    Would also like to claim having driven and worked on all above
    Mentioned ‘cars’

    Porsche, yuck, disco, dash out of one, mini fitted tracker, db7 locking fault
    MR2 radio job, jag immboliser fit, R5 Turbo wireing burnt out due to no fan fuse from factory, ferrari ABS fault found and fixed using information for a vauxhall carlton/bmw 3 series – same abs system!

    Oh for reference 911 Turbo porsche, not as easy to wheel spin as you think, even if customer not around!

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