According to This is Money, a new report which has tracked the sale values of popular collectible models in the UK, has revealed that prices are up just 1% this year and a quarter of collectible cars have fallen in value.
The data was collected between April and December and shows the slowest rise in nearly four years.
Sure, many classic car owners purchase vintage vehicles because they have a genuine love of them – but classic cars have long been a top-ranking investment for those looking to invest in alternative assets, ahead of both fine art and wine, with prices growing significantly over the last decade.
But it seems the market is currently in flux, perhaps trying to stabilise after the rising values over the last decade or so.
52% of the cars that were analysed in the report had increased in value over the last eight months while a quarter had depreciated; including classic Aston Martins, Jaguar E-Types and 1980s Ferraris. Among those that had increased in value were the Mazda MX-5 1.6i, Lancia Fulvia Sport Zagato 1.6 and Fiat 500 F.
The classic car market is by no means on its last legs. The reduction in growth could mean the market has been placed back into the hands of the real collectors, enthusiasts and specialists, as investors look elsewhere.
However, for those still looking to make investments for the future, all is not lost. Some classic cars are still increasing in value, and a slowing down doesn’t equate to a decline. Besides, there is still the idea of future classics to invest in.
Valuations firm HPI have devised the Future Classics Car Value Tool which uses real-time data to generate live vehicle values based on average advertising prices. Tracking hundreds of thousands of used car adverts, the tool analyses the makes and models that are rising in value and could possibly make a good investment for the future.
