Classic experts from across the globe share market intelligence on the models gaining in value – and highlight the ones that are struggling. Market experts from both sides of the Atlantic say prices for 1980s and 1990s modern classics will continue to rise – and they’re predicting that cars from the early 2000s will become hot investment tips.
The Porsche 968, Honda S2000 and Mitsubishi Evo are among those tipped by members of a panel assembled by Hagerty International to assess the current state of the market. They also identified that British classics from the 1950s, particularly Ford saloons and Rootes Group models, are struggling to set the market alight.
The price experts also highlighted – using sales data from the US and Europe – that investment in the classic market is currently offering a quicker return than either gold or the FTSE100, but while they think a price crash similar to the late 1980s is unlikely they did warn that speculators still had the potential to destablise a buoyant market. The panel also said it expected performance cars from the 2000s to be the next ones to find favour with classic car collectors.
Hagerty International managing director Angus Forsyth said: ‘The future cars of interest will be those which would be a screen saver for tomorrow’s collectors – we call it the Top Gear effect, because we know a wide audience including teenagers enjoy seeing the cars that the show features. It’s these cars that are predicted to be the next collectibles of the classic car market.’