It’s the end of the year, which means we’re totting up who did what and how well. These are the classic winners and losers of 2018 – the cars that gained and lost most value – according to Hagerty insurance.
Japanese performance heroes of a less fast-and-furious nature are being celebrated. Three important models from Mazda – the original MX-5, original RX-7 and ‘FD’ RX-7 of the 1990s – have all experienced huge upsurges in value in the States. They’re up by 48.4 percent, 27.9 percent and 22.8 percent respectively.
Hagerty’s other three classic car winners come from completely different realms. Firstly, there’s the original Volkswagen Beetle, which has gained 39.3 percent in value over the past year (based on prices achieved in sales).
Secondly, and somewhat differently, there’s the Mercedes CLK GTR. This GT1 racetrack refugee wins a place on the list by virtue of a single sale in 2018. That’s what happens when there are less than 30 examples in the world. One sold at Monterey this year for a cool $4.5 million (£3.5 million). That compares to the ‘mere’ $1.9 million (£1.5 million) for a car sold at Goodwood over three years ago: an increase in value of 58.3 percent.
The last winner is the early 1970s Buick Riviera, which has consistently sold strongly over the course of 2018. A nice example went earlier in the year for a shade under $50,000 (£39,400). The ‘boattail’ is said to have gained 21.2 percent.
What classic cars lost the most value in 2018?
Well, in truth, the losers are mostly comprised of cars we once thought were the mainstay of the market. Where air-cooled 911s and hybrid hypercars were gold on wheels in 2015, in 2018 they’ve deflated somewhat. The Porsche 930 Turbo, one of the most sought-after 911 variants, is down in value by a shade less than 11 percent.
McLaren P1s have been suffering, too – down 15 percent this year. A few years back, they were shifting for $2 million (£1.6 million) or more. The last to sell at auction this year didn’t make $1.5 million (£1.2 million).
The 1970s Mercedes 350 and 450SL – cars we would expect to hold strong – are down by almost 10 percent. Also, the fourth-generation Ford Mustang is down 12 percent and the mid-1950s Packard Caribbean is down nine percent.