RAC Cars News


The fastest appreciating classic cars

By raccars Published

Aston Martin DB4

It's the lower profile classic cars that are making the most money at the moment.

While the Jaguar E-Types and the classic Ferraris or Aston Martins tend to make the headlines for the highest prices, you are likely to find yourself reaping a better return on your investment by aiming at the lower profile and more affordable end of the market.

Research into classic car price movements over the last 12 months has shown that the Fiat Dino was the highest appreciating classic, and in fact on average more than doubled its price within the year. The list of the fastest appreciating classic cars contains a number of relatively accessible and affordable models as the classic car market becomes increasingly popular with those looking for investment opportunities.

Classic cars as a sound investment

More than half of classic car buyers claimed that a lack of any decent financial return on savings led them to invest in classic cars instead, and about 20 per cent of Brits have thought about buying a classic. It's this interest which is helping to push prices up at the lower end of the market. As usual there are some big names in the fastest appreciating list, including Ferrari, Lamborghini and Aston Martin, but the last year has added more than a third to the value of the Morris Traveller, VW Golf GTI Mk1, the Land Rover Defender and the Peugeot 205 GTI.

The Fiat Dino

The Dino nameplate was more famously worn by the Ferrari version of the car, which Enzo Ferrari created after the death of his son, Dino, in 1965. The Fiat version used the same Ferrari engine and was produced in greater numbers as a coupe and convertible but has fallen into the shadow of the more famous brand's Dino. However classic car collectors are starting to catch up and values of the Fiat Dino have been rising fast over the last few years, including 113 per cent in the past 12 months. Expect to pay from about £50,000 upwards now for something good.

The rest of the top ten

The next fastest appreciating model was the Lamborghini Miura, a better known and revered classic, but it was way behind the Fiat with gains of 62 percent in a year. However you're looking at at least £1 million to get behind the wheel of one of these in good condition.

Peugeot 205 GTI prices have risen by 44 per cent in a year, thanks to a resurgence of interest in Eighties hot hatches. The best models are now commanding over £20,000 at auction. The now defunct Land Rover Defender is also growing in popularity and prices rose by 43 per cent in the last year. It's not only the older Defenders attracting interest but also newer models as fans and collectors try to grab a piece of automotive history.

The Volkswagen Golf GTI Mk1 matched the Defender with price increases averaging 43 per cent, while the quirky Morris Traveller gained an average 35 per cent in value. The bulbous wood framed estate has become something of a cult classic.

Prices for the venerable Jaguar E-Type went up by 29 per cent in the last year, with good convertibles now commanding £100,000 plus, while the Ferrari 275 GTB gained 28 per cent of its already £1 million plus price tag. The Ferrari-challenging AC Cobra also gained 28 per cent and is commanding fantastic, six figure sums.

The Aston Martin DB4 cost only £3,976 upon its introduction in 1958, but you could easily pay over half a million for one now, with prices rising at the rate of 19 per cent in the last 12 months. The Porsche 911 also put on 15 per cent in a year and the sporty Austin Healey gained 14 per cent.

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