Lake spotted a news item from Hagerty saying they have created a series of indices
that show the trends in classic car prices. The first of these indices, launched
in December 2015, is the Hagerty Classic Index which monitors the values of 50
classic car models including the MGBGTV8 and Midget.|
have been the trends so far in Q4 2015?
Hagerty feel the UK classic car
market has flattened-off since the Summer. The new Hagerty Classic Index (which
tracks 50 popular classic car values including the MGBGTV8 and Midget) 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.
are Hagerty's prices calculated? More
UK Hagerty Price Guide for classic cars has been available for a while as a classic
car valuation tool in the UK that is freely accessible. But monitoring well over
1,500 classic car model values is difficult, so Hagerty has created a series of
indices that show trends, both in the market as a whole and in specific sectors.
The first of these indices, launched in December 2015, is the Hagerty Classic
Classic Index monitors the values of 50 classic car models that were chosen
to be representative of the enthusiasts market in the UK - only one model
has an average value of over £100,000 and the vast majority are under £25,000.
Hagerty say influential models were also