Values of run-of-the-mill classic cars are outperforming some iconic, sought-after classics such as the Jaguar E-Type.
That’s according to classic car insurance provider Hagerty, which tracks the market values for more than 2,000 vehicles. It said ‘unexceptional’ cars that were once the backbone of Britain are proving to be popular investments.
The company sources its data from UK auctions, trade sales and private sales. Comparing values from 2020 to 2021, the top 10 best performers are:
- 1965-1970 Triumph 1300 up 20.4 percent
- 1962-1966 Ford Cortina Mk1 up 19.4 percent
- 1973-1982 Austin Allegro up 13.6 percent
- 1962-1980 Renault 4 up 10.6 percent
- 1963-1976 Hillman Imp up 10.1 percent
- 1970-1976 Ford Cortina Mk3 up 7.8 percent
- 1968-1979 Renault 16 up 7.4 percent
- 1948-1960 Peugeot 203 up 5.2 percent
- 1975-1981 British Leyland Princess up 5.1 percent
- 1987-1994 Alfa Romeo 33 up 4.4 percent
During the same period, values of the Jaguar E-Type Series III increased by 8.2 percent, Hagerty added.
The company speculated that part of the appeal of the 10 classic cars mentioned above is that, on average, they cost less than £4,000.
“These everyday cars are becoming increasingly rare,” said John Mayhead, head of automotive intelligence for Hagerty. “For decades, the vast majority were unloved workhorses that would eventually be sold for scrap at best.
“Now, with rarity on their side and nostalgia tugging at the heartstrings, enthusiasts are snapping up the remaining examples, sometimes because of an emotional connection and sometimes perhaps because they feel a duty to preserve them for the enjoyment of future generations.”
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