Values on the up^^^^

Seen in todays “Mail on Sunday” written by Ray Massey the papers motoring editor:

“The five cars that increased most in 2015 were the Fiat Dino (up 113 per cent), Lamborghini Miura (62 per cent), Peugeot 205 (44 per cent), Land Rover Defender (43 per cent) and Volkswagen Golf Mk1 GTi (43 per cent).


Classic car values have soared by 161 per cent over five years and by 467 per cent over ten years, according to the Knight Frank Luxury Index report by Andrew Shirley.

They also enjoyed a 17 per cent surge in the year to March, against an average rise in the value of luxury goods of 5 per cent — ahead of wine (9 per cent), coins (6 per cent), watches and jewellery (4 per cent each), and even diamonds (1 per cent).
A 1957 Ferrari 335 S Scaglietti sold for a record £24.7 million in Paris in February. But everyday classics are a less risky investment — from Mark 1 Golf GTis to MGB Roadsters, Land Rover Defenders, VW Camper vans, or Italian cars built in the Seventies (albeit in good condition).”
 

I have mixed feelings on rising values on cars I have interest in. Mainly because I'm poor and don't have alot of money to throw at stuff. I for one am horrified at what people are paying for stuff I weighed in when I was younger.
I had a mk2 8 valve that had power steering and dealer fit aircon. I scrapped it after it got hit and runned taking out the drivers door, sill and wing. I swapped the door and wing then it got rear ended at traffic lights. Really, I should have got a sill on it, a rear panel and some paint. But at the time, it was an old damaged car and i had responsibilities.
On the other side I have some cool stuff that I bought when it was worth nothing that's worth a bit now, things I don't want to sell.

Cheers for sharing!

I'm the same Adam, what I'm worried about is that the prices rise so much that it prices people out the market, I.e if people just buy them to invest they aren't going to be the people that come to shows (and camp) more importantly our show! It'd be such a shame - but it's good if you wanna retire I guess!

Look at the price of type 2s these days!
I'm 35 and can remember when bay windows were shunned for not being a real vw van, beetles were still cheap and mk1/2 escorts were still being driven sideways on roundabouts by 18 year olds. That kind of money might be where we're heading.

AdamR said

Look at the price of type 2s these days!
I'm 35 and can remember when bay windows were shunned for not being a real vw van, beetles were still cheap and mk1/2 escorts were still being driven sideways on roundabouts by 18 year olds. That kind of money might be where we're heading.

AdamR

"mk1/2 escorts were still being driven sideways on roundabouts by 18 year olds"

I would have been the 18 year old driving sideways on the roundabouts if you were six months old and it was an Escort Mk1 2dr Tarmac rally prepared in Daytona yellow and black.

I thought that was the only way to get round a roundabout!      

Still do sometimes but I of course wished I still owned it now.

its nice to think its worth something but with that the cost of parts etc increase. i know the fairly short time ive owned mine i regret not stock piling parts.

something i did think of recently was the effect of many governments and manufactures wanting to scrap combustion engines fairly soon. this will have a knock on effect eventually leading the vehicles to be worth nothing. especially if there is no fuel to put in them.

No fuel for the tank, please don't tell my 18 year old son!  

As others have said, its nice knowing my golf is appreciating in value but worrying too, my friend recently had someone rear end his new BMW, no fault of his own and its a write off, obviously newer cars are easier to come by so since that I'm worried something will happen to my golf and not being able to source a replacement!

And I'm with you on the stock piling parts, i recently sold my GTI front seats (for a steal probably too!) and ever since that i regret not keeping them just in case i changed my mind!

I too have mixed feelings. It's great to have an appreciating asset but also for me the point of the golf gti in all its forms was a performance car for the everyday average person. If I had a Porsche or Ferrari (which of course I would love to own!) I am pretty sure that most people would have a negative image seeing me drive around, parking it in town etc. and I would expect vandalism at some point!! With a golf it's an Everyman car and I only tend to get enthusiasm from people young and old as it's accessible. If prices keep rising my concern is it puts them in a new inaccessible category and a rich person's plaything.

Think the rising prices will make it harder for younger classic car enthusiasts.