The car that has risen the most in value according to an insurance company database is the Fiat Dino – more than doubling in price.
While the top-end of the classic car market may commandeer the headlines, more affordable classics also feature heavily in the list of those that have risen the most in value over the past year. As Classic Car prices rise Classic Car Days self-drive hire are pleased to make the classic car experience available to all from our base in Norfolk. www.classiccardays.co.uk
Footman James carried out the report and claimed one in five of those it polled were considering buying a classic and three in five who had bought one said low returns on their savings encouraged them to take the plunge. So if you are one of those people try before you buy with Classic Car Days. see http://www.classiccardays.co.uk/your-classic-car/
Star cars such as the Lamborghini Miura, Ferrari 275 GTB and Aston Martin DB4 made an inevitable appearance in the top 12 risers compiled by Footman James.
But more humble classics such as the Peugeot 205 GTI, Land Rover Defender, VW MK1 Golf GTI and Morris Traveller have also all risen by more than a third in value. See http://www.classiccardays.co.uk/your-classic-car/morris-minor-convertible-rental-norfolk/
They join a selection of expensive but potentially attainable classics such as the Jaguar E-Type, Austin Healey 3000, Porsche 911 and Fiat Dino on the list.
The 12 classic cars that have risen the most in a year
Below we reveal the dozen cars that have gained the most over the past 12 months, according to Footman James.
Fiat Dino – up 113% in a year
Although often casually referred to as ‘Ferrari Dinos’, the cars Enzo Ferrari named in tribute to his late son only wore a Dino badge. Nonetheless, they have become coveted classics.
The Ferrari-engined Fiat Dino is that car’s lesser known cousin and was made in both coupe and convertible Spider form. After a long time spent on the outskirts of the classic scene, Fiat Dino prices have surged in recent years.
The 1967 2.0 litre V6 Fiat Dino Spider pictured above is for sale with London dealer Joe Macari at £109,950 with 57,520 miles on the clock. It says: ‘Although labelled as a Fiat, even the sound of the triple Weber-carburetted V6 engine was pure Ferrari.’
Website Pistonheads’ classifieds also list a 1968 coupe Fiat Dino for £59,990 with 52,000 miles under its belt.
Lamborghini Miura – up 62% in a year
The stunning Lamborghini Miura had jaws dropping from the moment Bertone designer Marcello Gandini’s masterpiece was revealed in 1966.
It is a 12 cylinder, high-performance, two-seater, mid-engined supercar that was the fastest production road car at the time, dispatching 0 to 60mph in 6.7 seconds and hitting a top speed of 175mph.
About 750 Lamborghini Miuras were made between 1966 and 1973 in their three different guises and if you want one now it will set you back 62 per cent more than a year ago, which considering their price is a lot.
These cars tend to be listed as price on application, but we found a 1971 Miura P400 S that Lancashire-based dealer Amari had priced at £1.25million. It’s now sold.
Peugeot 205 GTI – up 44% in a year
Peugeot’s 205 GTI was launched in 1984 and immediately won fans in the motoring press and among car buyers. Peugeot stopped making the 1.9 GTI in 1994 having phased out the 1.6 litre car two years earlier.
The 205 GTI’s pace, handling and style proved a huge hit with the yuppy generation, but also attracted the joyriders and in the late 1990s many cars ended up falling into disrepair or modified.
Five years ago a very good condition GTI could be bought for £3,000, now they end up listed for £10,000 or more. A record price of £25,200 for a 205 GTI was achieved for a nut and bolt restoration at Anglia Car Auctions here in Norfolk in April.
The 205 GTI above will go under the hammer at the Silverstone Classic Sale auction on 30th July. It is a 1989 F-registration car 1.9 GTI with just one owner from new and 7,986 miles on the clock. The estimate is £18,000 to £22,000.
Silverstone Auctions says that shortly after it was bought the owner started getting company cars, so it was used only occasionally in summer months.
It was laid up from 2004 to 2012, but regularly started and driven to the end of the drive and back, ‘to ensure that there would be no problem with the engine or transmission.’
In the auction catalogue the owner says: ‘The vehicle looks, drives and smells as close to new as you would find. In other words, it is as close as you would ever get to being able to walk into a Peugeot dealership in 2016 and purchase a brand new model of what is generally recognised as being the best hot hatch ever built.’
Land Rover Defender – up 43% in a year
The Land Rover Defender is a direct descendant of the Series I launched in 1948 and later replaced by the Series II and III models.
It arrived in 1983 to replace the Series cars and was badged as One-Ten (110 inch wheelbase), a year later the Ninety was also launched (93 inch wheelbase).
The Defender name arrived in 1990 with the Defender 90,110 and 130. It evolved over the next 25 years until it was announced in 2015 that production would cease. The last car rolled off the production line this year and we revealed last autumn that Defender prices were already rising for even relatively new cars.
DON’T BANK ON MAKING MONEY: TIPS ON BUYING A CLASSIC CAR
Classic cars may have proved a good investment in recent years, but prices could easily come off the boil leaving buyers nursing a paper loss.
Those considering buying a classic should remember that they can end up with big bills if something goes wrong and budget for annual maintenance, repairs, insurance and other costs.
Liam Lloyd, of Footman James, says: ‘The popularity of mainstream television shows and car events has also introduced a whole new array of people to the world of classics, reflected in an uptick of younger and female buyers. Nowadays a classic car is no longer the just the preserve of middle-aged men.
‘For any buyer it’s important to keep a few top tips in mind. Look to buy the best, seek expert advice, don’t be afraid to ask questions and monitor the market.
‘Also while it’s natural to focus on potential increases in value – it’s just as important to make sure it’s a car you actually like. After all there’s a reason it’s often called a passion purchase.’
Those who do decide to make their classic car purchase more about investment than driving should carefully consider what they buy – and remember that the classic market is fickle and trends come and go.
Volkswagen Golf GTI Mark 1 – up 43% in a year
The VW Golf GTI was revealed at the 1975 Frankfurt motor show. Originally a VW works side project, the GTI managed to get the green light from the bosses and is credited with creating an entire genre of car.
It weighed just 810kg and with its 1.6 litre engine could hit 60mph in nine seconds and go on to 100mph. That doesn’t sound that fast these days, but in the late 1970s those were sportscar-matching figures and the nimble Golf GTI could outrun many of them on real-world roads.
The Golf GTI became a classless 1980s status symbol, equally at home on London’s poshest streets as on a company middle-manager’s suburban drive. We found a Mark 1 Golf GTI with 113,000 miles on the clock for sale at £9,500 on Pistonheads.
Morris Traveller – up 35% in a year
More than 1.3million Morris Minors were produced between 1948 and 1972 and the wood-framed Traveller estate has proved a firm favourite among classic car fans.
We found a 1966 Morris Traveller with three owners from new that had a major refurb in 2000 and has a fresh MOT on sale for £9,500 at Nuneaton Car Sales through carandclassic.co.uk.
Drive a Morris Minor today. See http://www.classiccardays.co.uk/your-classic-car/morris-minor-convertible-rental-norfolk/
Jaguar E-Type – up 29% in a year
The Jaguar E-Type needs little introduction. The iconic British sports car was launched by Jaguar in 1961 and made until 1975.
It came in convertible and coupe form and Enzo Ferrari described it as the most beautiful car ever made.
Prices long ago rocketed to the point where good early convertibles easily sell for more than £100,000. Coupes and later E-Types represent the cheapest entry points to ownership.
The Jaguar E-Type above is a 1965 4.2 litre fixed head coupe under the hammer at the Silverstone Classic Sale and was once driven by Jeremy Clarkson on Top Gear and featured in the Car’s the Star. The estimate price is £50,000 to £60,000.
Ferrari 275 GTB – up 28% in a year
The Ferrari 275 was a V12-engined two-seater GT car designed by Pininfarina and produced between 1964 and 1968. It came in a number of body forms including convertible and closed roof, including the 275 GTB pictured.
These are usually price on application cars but auctioneers Bonhams had a 1966 275 GTB/6C Berlinetta that went under the hammer at the Goodwood Festival of Speed sale on 24th June with an estimate of £1.6million to £1.9million. However, on that day that the Brexit vote was revealed it didn’t sell.
AC Cobra – up 28% in a year
The AC Ace was revealed to the public in 1954 by the British sportscar maker but it wasn’t until US racer Carroll Shelby came knocking in 1961 that the legendary Cobra was born.
Shelby wanted to build a car that could beat a Ferrari and managed to create a tie-up between himself, Ace and Ford, which supplied the V8 engines.
AC built and trimmed the cars before sending them over to Shelby’s US workshop where the engine and gearbox were fitted. The first Cobra was completed in 1962 and the car built its own legend as a sixties race-winner.
Shelby production ended in 1967, while AC continued to build cars but without the Cobra name and ‘continuation cars’ built in the style continued on and off over the following decades – in fact, you can still buy one now.
It is the official Shelby Cobras that are in hot demand, however, with just 998 made, according to Hemmings Motor News.
For those with the deepest pockets Carroll Shelby’s CSX 2000 prototype is up for sale with RM Sotheby’s at Monterey, California, USA, on 19 to 20 August. It is listed as priceless, with estimate available on request. Some pundits put the potential price at £10million.
Alternatively, Shelby’s own 1965 427 Cobra is also up for sale at the auction with an estimate of $1.5million to $2million
Aston Martin DB4 – up 19% in a year
Aston Martin’s DB4 was shown at the London Motor show in 1958. Aston says it was the first production car capable of getting from 0 to 100mph and back to a standstill in under 30 seconds – reaching that 100mph mark in 21 seconds.
There were 1,185 made until 1963, when it was replaced by the DB5.
Aston Martin lists the 3.7 litre, straight six DB4 coupe as costing £3,976 at launch – todaythis fully restored later Series II model delivered new to Lord Howard the Earl of Suffolk and Berkshire would set you back £645,000 with specialist Nicholas Mee.
Porsche 911 – up 15% in a year
More than 50 years after it first arrived in 1963, the Porsche 911 still burns bright.
The modern-day water-cooled car may be considerably heftier than its air-cooled predecessors, but it is unmistakeably related to those 1960s 911s.
Classic 911 prices have been rising strongly for some time. The original 1972 right hand drive Porsche 911 2.4T pictured above is for sale at the Silverstone Classic auction. It had a ground-up restoration two years ago and has a believed genuine 54,566 miles on the clock. The estimate is £85,000 to £95,000
Austin Healey – up 14% in a year
The Healey 3000, know as the ‘Big Healey’, was produced between 1959 and 1967 and proved a hit on the road and racetrack.
The cars continue to be highly popular with collectors, offering classic British open-top sportscar looks with performance.
The 1966 Austin Healey MKIII pictured above is for sale at the Silverstone Classic auction and was supplied new to the US but then brought back to the UK in 2004 and converted to right-hand drive in 2010 when it was restored. The estimate is £40,000 to £45,000.