As valuations for classic cars are on the rise, our top eight classic cars are the ones to watch.
1/ Aston Martin DB5
This iconic classic was definitely manufactured with a license to thrill. As one of the most famous cars in the world, the DB5 was always going to be seen as a secure investment. The Bond franchise movies such as Gold finger and Thunderball set the bar with this car and we’ve already seen a massive increase in value over the last 3 years. According to the how many left website, there are only 291 left on the roads and 45 SORN, so you better be quick if you want to get your hands on an Aston Martin DB5.
2/ Jaguar E-Type
When this classic exploded on to the car scene in 1961, it was described by Enzo Ferrari as ‘the most beautiful car in the world’. This most sought after British classic was built in Coventry from 1961 until 1975 and still frequently tops the polls as the most beautiful motor of all time. It’s no wonder why we have this on our ones to watch list, as the value of this particular marque has tripled over the past 3 years and we don’t see this slowing down.
3/ Austin Healey 3000
These British beauties were built in Abingdon during the mid-1960’s. Popularity has remained steady over the past few years, and despite 80s classics becoming more and more popular, this classy British car has kept it’s value; with the 3rd generation continuing to gain the most value even though this marque had the most manufactured.
4/Land Rover Defender
With the long standing Defender no longer in production as of January this year, values are starting to increase rapidly by up to 20% since last year. This rise is being seen across the range from early models to nearly new ones. We can only see this increasing further in the future as they will become rarer and even more sought after.
With roughly around 25,000 of these built during the 1970’s they have become a cult classic within the classic car circles. According to the How Many Left, it seems that there about 3.1k Triumph Stags available for road usage with an additional 1.9K declared SORN; so you could still be in with a chance of picking one of these rising stars.
6/ VW bay window camper
The VW “bay window” camper van was built in 1967 until 1979 and was the successor to the iconic split-screen camper. With values pushing the split-screen out of reach, the bay window quickly increased in desirability and with it so did its value. This together with British holidaymakers preferring to stay in the U.K and with ‘glamping’ being all the rage, right now everybody wants to own a VW camper.
7/ Porsche 911 (1970’s)
Introduced in 1963 at the Frankfurt motor show, this iconic Porsche has taken a price hike in particular, the 1969-1973 models. This could be because they have longer wheelbases, cleaner lines and bigger engines. The iconic 911 shape will always come at a cost and the seventies version is very much in vogue currently.
8/ Ferrari 308
Classic Ferraris were always going to be ones to watch as they’re pretty expensive in value anyway, but the 308 in particular have continued to rise strongly and continually. Back in 2011 the value of this classic were around £30-50,000 and in 2014 they had risen to around £70,000. Today you can see many examples over £100,000.
Increase in market value over a five year period.
Below is a table showing how values have increased over the last 5 years. This is an indicative table based on a concourse condition vehicle that is sold by a reputable dealer. If you own one of these vehicles do ensure you gather as much history on the vehicle and speak to a professional to obtain an accurate value for your agreed value requirements.
|Cars to watch||Prices in 2011||Prices in 2016|
|Aston Martin DB5||£120,000||£500,000|
|Austin Healey 3000||£20,000||£70,000|
|Land Rover Defender (1980’s)||£5,000||£15,000|
|VW Bay Window camper||£10,000||£20,000|
|Porsche 911 (1970’s)||£30,000||£100,000|
Insuring your classic car
If you do invest in one of our top eight classic cars to invest in this 2016, you’ll need the right type of insurance. Call us today to see how we can help on 0121 248 9229.