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Wheeler Dealers has missed out on £500,000 in profit

Lamborghini Urraco

“Hold out your hand, you’ve got yourself a deal.” But maybe Mike Brewer shouldn’t have been so quick to shake hands, as figures from Stratstone reveal that Wheeler Dealers may have missed out on half a million pounds in profit.

In the television series, Mike buys a tired classic then instructs an able mechanic – initially Edd China, but more recently Ant Anstead – to improve the car with the aim of selling it for a profit. On average, the show makes £1,491 per car, but Stratstone says the cars would be worth significantly more in today’s booming classic car market.

The team at Stratstone analysed every show up to the end of series ten and identified how much each car would be worth today. By holding on to all 86 cars, the show would have been £500,000 better off. Ouch.

Fezza is a nice little earner

Ferrari Dino 308 GT4

Mike might be crying into his corn flakes when he finds out the Ferrari Dino 308 GT4 from series six would be worth 361 percent more than the £13,000 he sold it for. Back then, a good 308 GT4 was available for the price of a Ford Mondeo. Sadly, those days are long gone.

In 2009, when series six first aired, Mike bought the Ferrari for £3,750, before spending £11,880 on the restoration job. It sold for £13,000, earning the team a £1,120 profit. Today, that same car would be worth £60,000.

The 308 GT4 is not the only car to leave Mike with bruised shins following a spell of kicking himself. Stratstone has identified the top ten cars from Wheeler Dealers based on what they would be worth now.

Car Bought for Sold for Average value today
1975 Ferrari Dino 308 GT4 £3,750 £13,000 £60,000
1972 Lamborghini Urraco P250S £21,380 £35,000 £55,995
1964 Corvette Sting Ray C2 £18,100 £45,500 £49,500
1970 Fiat Dino Coupe 2400 £12,500 £15,500 £48,500
1973 Jaguar E-Type V12 £13,250 £18,500 £42,000
1976 Porsche 911 2.7S Targa £5,000 £8,450 £35,500
1982 DeLorean DMC-12 £9,650 £20,500 £35,000
1957 Chevrolet Bel Air 210 £4,000 £16,000 £33,500
1973 Jensen Interceptor £5,000 £6,500 £30,500
1989 Lancia Delta HF Integrale 16v £2,300 £3,800 £23,750

Mike Brewer reveals all about new Wheeler Dealers

Wheeler Dealers

Video: Mike Brewer reveals all about new Wheeler Dealers

Wheeler Dealers

Wheeler Dealers returns this week for an incredible 15th series. The car restoration show – which airs on the Discovery Channel, Monday nights at 9pm – has been broadcast since 2003, and host Mike Brewer promises this time he’s “absolutely nailed it”.

We catch up with Mike to learn what’s in store for Wheeler Dealers, including the cars featured in the 2018 season. He also gives his unique take on buying, owning and driving classic cars: “the only hobby in the world that’s free”. 

Video: Mike Brewer on the new Wheeler Dealers

Wheeler Dealers has been on air for 15 years now. What’s the secret of the show’s success?

The DNA of the show has never changed, and we’ve kept it accessible for the home mechanic. We always say to the audience: “This is how you can tackle these problems”.

As ever, series 15 features a very eclectic range of cars. Talk us through the highlights.

We decided to really stretch the boundaries this time, given that Wheeler Dealers is made for a global audience. We’ve got a Jeep Grand Wagoneer, for example, which was the first luxury SUV: eight years before the Range Rover. Among others, there’s also a beautiful Alfa Romeo Spider, an amazing 1972 Lancia Fulvia, a Datsun 510 – a real hot-property car – and an Opel GT. There’s something for everyone.

Wheeler Dealers

What budget did you set for buying cars in this series?

It’s always difficult to set a budget as the market for classic cars has shifted considerably. People say “Why don’t you go back to buying those £1,000 Triumph Spitfires?”. The answer is simple: they don’t exist. Classic cars have undergone a renaissance since 2008, with prices increasing 10-15 percent year-on-year. That Triumph Spitfire is now an £8,000 car.

I try to keep the cars affordable, but it’s nice to have some glamour – such as the Austin Healey 3000 – now and then.

The 2002 Mini Cooper S MC40 you restore in episode seven is among the newest cars featured. Does fixing up a modern classic present different challenges?

People assume a modern classic will be easier: plug a computer in, reset a few codes and there’s your car serviced. That’s not necessarily true. This episode shows how you can tackle a 100,000-mile service on the Mini, including the supercharger: a job that would cost £1,500 at a BMW dealer. We do it for £90, using all original parts. I’m hugely proud of this one.

Wheeler Dealers

You also take on a project Porsche 924 in episode three. Did that bring back memories of your first ever show?

It did. Wheeler Dealers was the first car restoration show, and it all started with that car. Now when you switch on the TV there are over 50 car restoration programmes. Having another Porsche 924 shows the programme hasn’t changed in 15 years. The jobs are different, but fundamentally it’s still about me buying a car, handing it to my mechanic, fixing it up, driving it and selling it.

What is Ant Anstead like to work with? He’s clearly a perfectionist when it comes to cars…

Ant had been a huge fan of Wheeler Dealers so he knew exactly what to do. When I hand a car over it could have huge problems, but Ant has an amazing enthusiasm for everything I throw at him. He’s also a great orator, helping simplify what can be very complicated jobs.

Wheeler Dealers

Is the show still based in California?

Yes, we’re based in Huntingdon Beach. It’s a fantastic place: the sun shines 360 days of the year, the cars are rust-free and LA is the car capital of the world. I’m constantly being asked by the audience to visit Australia, Germany, Canada, Italy, the UK… many other places around the world. It all comes down to time and budget, but I’m keen to make it happen.

Will we see another series of Wheeler Dealers Trading Up, the spin-off show where you traded your way from a $2,000 banger to a supercar?

That was a phenomenal show. It revealed to people how they can play the global car market. In the second season, for example, I ended up with a Ferrari 348 that owed me just a couple of thousand dollars. We travelled around the world, so during one year I only slept in my own bed nine times. It was challenging, but I’m certainly up for another one.

Wheeler Dealers

Do you have any tips for viewers on what makes an enjoyable – and profitable – project car?

If you want to get into classic car restoration, fill your library before you fill your garage. Knowledge is power, and you should know exactly which car you aim to buy. Secondly, join an owners’ club. You will find out what to look for and gain an army of contacts who can help you. Somebody in the club may have a car for sale, too.

Lastly, if you’ve got a problem that you can’t fix, go online and see if somebody else has. There are plenty of videos, including the Wheeler Dealers archive. We have over 700 jobs in our database, across 170 shows. Take your time and you’ll find this is the only hobby in the world that’s free. Buy the right car, fix it up in the right way and I guarantee you’ll make money.

What car do you drive and what’s your dream classic?

I drive a 1982 Porsche 911 SC and absolutely love it. It puts such a huge smile on my face every time I’m behind the wheel.

Can I pick two dream classics? The first would be a 1964 Mini Cooper S, the same car that Paddy Hopkirk drove in the Monte Carlo rally. At the other end of the spectrum, I’d have a 1929 Bentley 4.5-litre ‘Blower’. It’s everything that British engineering was, and still is. Driving one – pulling bugs out of your teeth and feeling like you’re one of Barbara Cartland’s Bentley Boys – is an amazing experience.

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