Hagerty
report: UK classic car market has flattened off since the Summer
The
Hagerty Price Guide Q4 2015 shows the classic car market in the UK is still growing,
but at a slower rate than in previous quarters. Some of this slow-down is seasonal,
but values are expected to pick up again in Q1 2016. Report
A
report in Classic Car Weekly comments "it's flat news for investors, but
it's great news for enthusiasts who aren't just looking for a quick profit".
A very good point.
Posted: 160115 |  | Hagerty's
latest price guide report for Q4 2015 shows "the the UK classic car market
has flattened-off since the summer. The new Hagerty Classic Index (which tracks
50 popular classic car values) has shown a rise of just 2.8% in the three
months to December 2015, down from 7.7% in the previous period. Some of this is
seasonal- a dip is normal after the flurry of September auction sales- but we
have seen a slow-down in the rise in value of cars that had previously been on
a steep upward trajectory."
A
photo accompanying the Hagerty report features an MGBGTV8 with a note "0.8%
rise in value", presumably for the final Q4 2015. | | Hagerty
say "MGCs Are Rising Stars - most MGs have been increasing very slowly
over the period, with the exception of MGCs which have been moving upwards rapidly.
As an example, the MGBGT increased by 0.8% (£12,600 to 12,700) whilst in
the same period the MGCGT increased 10.9% (£15,600 to £17,300). Good
examples of this previously rather unsung MG have been performing well at auction,
with half of those selling for top-end of estimate or above". With MGC production
over 9,000 surely a similar price growth effect will reach MGBGTV8s before long
as with a production run of only 2,591 they are comparatively rarer. |
|
