A number of firm British sporting stables of the UK classic car scene have seen their values remain static, including the MG Midget MK III (average value £6,875), Triumph Stag (average value £13,525) and the Austin-Healey 3000 MKIII ‘Big Healey’ (average value £50,625).
The HPG shows that the values of three firm classic favorites have reduced, including the legendary ‘Back-to-the-Future’ DeLorean DMC-12 (-3.5 percent, average value £36,575), Jaguar MK II 3.8 (-2.9 percent, £26,750), and the Bertone 105-Series Alfa Romeo 1750 GTV (-0.1 percent, average value £21,775). The values for this trio of classic are expected to rise again before too long.
Commenting on the latest HPG results, Angus Forsyth, MD of Hagerty says: “We’ve seen confidence return to the classic car market in the last few months of 2016 after a summer of uncertainty, and we believe the Q3 results were a reflection on people holding back following the initial uncertainty of the Brexit vote in June.
However, now the financial markets have settled, people have bought into the car market albeit a few months later than they might have planned. Whether people still feel classics make good investments, or they just want to put their money into something fun, they are still definitely buying, and the values of the best classics are still on the rise.”