MARKET WATCH April 2018 part 3

Not all Porsches have stalled

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Exceptional 911s can still push ahead while average examples are languishing, particularly with vendors who still believe that this year's price is last year plus 10%.

So we recently saw a 1992 Carrera RS – that's the 964 generation – sell for £280k, a 47% premium over our top condition price. But look in more detail and you find a sub-18,000-mile example with the paperwork to back it up.

After only enjoying relatively modest growth in the Porsche price boom of recent years, the first 911 Turbos – the purer 3.0-litre cars built from 1975-77 – have had a fresh surge, up 20%.
That makes entry level £55k for a rough example, £80k for a good car and £120-150k for the superb through to the ultimate in perfection.

The market has been unusually slow in recognizing how special and rare these cars are. I try not to think about when they were stalled at £25k.

For market insight, buying advice and more, buy the latest issue here

Top classics to restore in 2018

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Choose the right classic needing work and the value of the finished car can cover the improvement costs. The trick is to choose the right model with the right sort of work necessary.

For example, pay around £50k for a cosmetically tired but regularly used Ferrari 308 GTB and you'll have headroom to improve the paint, trim and details and end up with a car that could comfortably recoup your costs if you ever want to sell it later. The Ferrari specialist that we spoke to reckoned £5-7k would bring tired suspension, brakes and interior up to scratch, £3-4k should cover a fair amount of bodywork and paint and even a full engine rebuild should be possible within a £7-15k range.

Our Top Ten Cars to Restore in 2018 feature in the current issue of Classic Cars gives expert advice on a broad range of makes, from Triumph to Mercedes-Benz, guiding you through the best models to choose and the condition that makes a cost-effective starting point.

For market insight, buying advice and more, buy the latest issue here

We want this Jensen C-V8

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We like the non-conformist appeal of this 5.9-litre grand tourer. It's one of 500 built and is a 1963 MkII, powered by the 5.9-litre Chrysler V8 coupled to a three-speed Torqueflite automatic gearbox. At nearly £4000 new it was Aston Martin DB4 money. That and its controversial styling made it the preserve of the few, and ensures standout wherever you take one now.

This car spent a big chunk of its life in museums before being returned to the road, but that doesn't mean it's escaped the wear, tear and ageing of a 55-year-old car. It's in what the Americans call 'driver condition', meaning it's presentable but lacks either the timewarp-original or freshly-restored-and-perfect condition that car show enthusiasts pursue. Glassfibre-bodied cars like this can give a false sense of security against rust, but underneath there's a hefty tubular chassis that can rot like any other. Fortunately this one appeared sound, with evidence of welding repairs where needed.

It's also driver condition in the literal sense, everything from the lusty V8 to the suspension feeling fresh and taut on our test drive. Our tester seemed reluctant to bring it back to the dealer.

The Jensen is one of four cars for sale that we test and evaluate in the current issue of Classic Cars. For market insight, buying advice and more, buy the latest issue here

MARKET WATCH April 2018 part 2

The biggest market fallers revealed

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Eighties supercars and homologation specials fell the hardest in a continuing trend of correction after prices became over-hyped. Long-term owners shouldn’t be too distraught, with the latest round of price erosion falling between 5.8% and 6.6%, depending on model.

The top five fallers in the chart of price guide winners and losers in the current issue of Classic Cars is covered by Ferrari Testarossa and 512 TR, Porsche 959 and Peugeot 205 T16. And Alfa 6C 1750 Gran Sport Zagato. So in the case of that Eighties poster child, the Testarossa, only the best now make £100k, with the rest worth £37.5-75k, depending on condition.

Unsurprisingly, the rest of the fallers chart includes a couple of Porsche 911s and more Ferraris, but Bentleys and an Aston Martin also make an appearance.

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Land Rover Series 2s play catchup

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Increased collectability of Series 1s is dragging Series 2s in their wake. It wasn’t so long ago that £27k was the preserve of Series 1s in top condition, with up to £40k being paid for the earlier 80 inch wheelbase cars built from 1948-53.

Now we’re starting to see some examples of the Series 2  and 2a make £27k as the earlier cars are pushed ever higher.

It’s a pattern we’ve seen elsewhere – when the market decided that the Jaguar E-type was most desirable in its original Series 1 3.8-litre form, all of the money chased those, until they became so expensive that many E-type fanciers had to look at the next best thing – a later model.

But successive model don’t always follow the same pattern. Witness Ford Capri MkIII 280 Brooklands model being worth 30% more than the MkI 3000GT. Sometimes the last of the line, most highly refined and specified model retains its premium long after its departed the secondhand car classifieds and slipped into classic status.

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We want this low-mileage Bentley Turbo R

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When we spotted this ex-Sheik, 32,000-mile Turbo R for sale we had to drive and appraise it. It was sold new to Sheik Maktoum of Dubai for use in London, covering 16,000 miles over 12 years before the next owner took it on, adding a further 16,000 and a lot more receipts to the service history folder.

The largely unmarked condition inside and out matches the low mileage and we’re told that a carburettor rebuild has cured the reluctance to rev smoothly that we experienced on the day of our test. Other than a thump from the suspension it drove as these cars should – with a remarkable combination of refinement, urge and ability to tackle corners. The R stands for roadholding, transforming the handling of the Turbo model that it’s based on.

Its £18k asking price is at the top of our Price Guide, so seems about right given the condition, mileage and service history.

This Turbo R is one of four cars for sale that we test in the current issue of Classic Cars.

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Should you buy a bargain Triumph Herald or Vitesse?

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Usable cars can be found for £3k, but is that a false economy? That buys you tidy Herald, perhaps restored with a mix of parts from various models, so could provide years of inexpensive and stylish classic motoring.

For the more desirable Herald convertible or coupé in good condition you need to find another £2-7k and Vitesse in equivalent condition are more like £6.5-12.5k. If only the best will do, be prepared to spend £10k and £15k on a Herald or Vitesse respectively.

While parts availability is still good for maintaining these cars, and much of it inexpensive, restoration parts such as body panels are becoming hard to find and therefore expensive. Because demand has fallen, the aftermarket can no longer justify making more.

So the tidy and inexpensive Herald or Vitesse still makes sense as a bargain classic to drive and enjoy, but if you want perfection you’re better off spending what it takes to buy a superb car in the first place. To find out how, read the detailed buying guide in the current issue of Classic Cars.

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Latest market winners revealed

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53 classics became more expensive this month with the top ten locked out by cars of the chrome and curves era. The price guide winners and losers table in the latest issue of Classic Cars is topped by the Sunbeam Harrington GT, up 45%. These pretty, Sunbeam-approved coupé conversions of the Alpine sports car were were only built from 1961-63, totalling 400 examples of both A- and B-series versions.

Those gains move rough/restoration project examples up to £4k, usable ones to £9.5k and the best commanding £18.5-29k.

The convertible Alpine Aeries III and V is also up 32 and 42% respectively, meaning that you'll now pay £2.25-25k, depending on model and condition. Overall, the Alpines come out at half to two-thirds of Harrington prices.

Even with these latest moves, both open and closed versions remain good value at the moment.

Mini Cooper S speeds up

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Badge hierarchy is turning upside down with the latest price moves of these Sixties road burners. The previously favoured 1275S – the ultimate Cooper – is now being overtaken by the prices of the rarer 1071S and 970S, which can top £40k in perfect condition and backed up with convincing provenance. Don't rely on correct spec and matching V5 and chassis number to verify authenticity before handing over your cash.

At the rate values are going, we wouldn't be surprised if their price graphs cross over with those of the declining Ferrari 308 GTB before too long. How times and tastes change.

We want this time-warp Jaguar Mk2


We loved road-testing this one-owner, unrestored Mk2 that's for sale in our latest issue. Apart from an older repaint in the correct Opalescent Silver Blue (that's light metallic blue in non-Jaguar speak), this 32,000 mile gem appears to be otherwise original.

Inside and out it stood up very well during our evaluation, and it drove as well as it looked, with a feeling of taut togetherness that few dismantled and restored cars manage to achieve. Jaguar fanciers like their Mk2s with the manual overdrive gearbox, which it has, the largest 3.8-litre capacity engine and chrome wire wheels. This one is a 3.4 delivering uncanny refinement and urge and we prefer the understated original steel wheels lifted by chrome hubcaps and rimbellisher wheel trims.

The £59k asking price reflects the scarcity of such low-mileage, original Mk2s. One in similar condition but restored, with multiple former owners and average miles would make just over half this.

This Jaguar Mk2 is one of four Ads on Test in the current issue of Classic Cars, including a Bentley Turbo R, Morgan 4/4 and Jensen CV8.


MARKET WATCH March 2018 part 2

BMW 2002 Turbos boosted

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The latest roundup of price guide winners and losers in Classic Cars magazine is topped by BMW’s 1970s road rocket. With prices up by a thumping 54%, entry level is £30k for a rough project car while tidy, usable examples are more like £48k and the best are £70-100k, depending on just how good they really are. One enthusiastic bidder even stumped up £105k for one at the January RM auction in Arizona.

As one of the standout models from a marque that's continuing to gain classic kudos, this isn't surprising, especially when you consider that just 1672 of these turbo pioneers were built. That's not far north of Porsche 911 Carrera RS2.7 built numbers, and we all know what they're worth.

Ferrari 206 GT Dinos lose their shine


After becoming overheated by the Ferrari investor rush, Dinos have slipped significantly. The latest roundup of price guide winners and losers in the current issue of Classic Cars magazine reveals further downward movement of 4.4%, meaning that rough examples are £240k, for driveable ones add another £60k and the best £395-430k.

A three-owner 1969 example recent sold for £305k, making us wonder whether there's further downward movement to come from these alloy-bodied, short-chassis darlings of the investor-collector market. But one sale doesn't make a trend – we'll need to see that number repeated a few more times before we can confirm that price as the new reality.

For those lucky enough to own one already, a sunny day out on some particularly twisted roads should be enough to drive any price loss worries out of mind.

We want this Riley special


We were smitten by this Riley Kestrel 12/6-based Grebe replica when we tested it. It's one of four cars for sale that we evaluate in the latest issue of the magazine. It was built in the Seventies to plug a Riley Grebe-sized gap in motoring history – none of the originals survive – and has seen regular competitive action since, so it's a well-honed car, which explains why our tester had such fun driving it.

This sporting Riley has had £25k spent on it over the past couple of years, so everything from the engine to the suspension seems fit and ready to be enjoyed. At £76,500 it represents good value.

Should you buy a Porsche 928?

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Buyers are chasing these previously unloved super grand tourers, so prices are climbing. All of the old clichés about the big, comfortable and sophisticated 928 not being a proper enthusiast's Porsche are being swept aside by a new type of owner who appreciates their effortless mile-munching ability and near-timeless style.

So the £4k that would have bought a 928 to drive a few years ago now merely lands you a project car. Double that and you should be able to find an S2 that's on the road, albeit with a list of potentially expensive jobs. You're better off paying around £15k for a good pre-S4 example, and decent examples of S4s are £25-30k, more if you want full service history or modest mileage.

Tempted? Our price guide in the current issue of the magazine will help you avoid the pitfalls inherent in buying any exotic, once expensive car that has suffered decades of low values. Buy well and the experience will be hugely satisfying.


Aston V8 projects in vogue

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After decades festering in barns and garages, deemed uneconomical to repair, restoration project Aston Martin V8s are being dragged blinking into the daylight and snapped up by hungry buyers. Even though they're still uneconomical to repair.

With top examples selling for £80-120k, and specialist restorations costing £100-200k, sometimes more, a £30k barn find makes no financial sense. The fact that buyers are prepared to pay more – the most recent examples went for £48k and £66k – show how these commanding Seventies and Eighties grand tourers are stirring passions previously reserved for their six-cylinder ancestors.

The latest Price Guide Movers update in the current issue of the magazine reveals numbers up 20%, so if one remains at the top of your classic dreams, now's the time to find one. But unless you relish the challenge of saving a derelict one, your money will go a lot further buying a really good one in the first place.

Porsche 356 slips back


Few makes saw such rapid price gains as Porsche and Ferrari in the general classic car market boom of recent years, but 356s, particularly the more numerous B- and C-generation models, have recently dropped 10%, which on top of the general price slide of rear-engined Porsches has taken values back to 2015 levels.

That means that rough B roadsters can now be found from £46k, with good examples anywhere from £67-105k, depending on condition, and the best for £135k. Even the coveted pre-A cars built from 1951-55 are down 5% as the Porsche market accepts the new realism.

So far we'd call it a healthy readjustment.

We want this Jaguar E-type


This 1969 Jaguar E-type roadster is one of four classics for sale that we evaluate in the latest issue of Classic Cars, and it stood up to scrutiny very well. It's an ex-Florida car, converted to righthand drive and restored after coming back to the UK. Most E-types here are ex-USA because most went there new, and the climate in many, but not all, States was more car-friendly than our damp and seasonally salty island.

Reassuringly, the restoration was completed four years ago – plenty of time for any shortcomings to reveal themselves – but this example still looks excellent and drives with the supple and purposeful stride that an E-type should.

Although the heat has gone out of the E-type market for now, prices don't appear to have suffered much either, based on the data we track for our quarterly price guide, so this example seems good value, particularly compared to an equivalent roadster in 3.8-litre covered-headlight Series 1 guise. Those may be prettier, but the Series 2 drives better and was still one of the best-looking cars of its age.


MARKET WATCH February 2018

Lotus Elise S1s on the turn


When Lotus launched the Elise back in 1995 it was an instant classic – pure, distilled driving joy wrapped up in a cheekily attractive bodyshell and built with a then-radical construction technique for a road car.

Well now the market is starting to see the Series 1 as a classic, with values for the best up 20%. That means you'll pay £15k for a low-mileage, properly-maintained example. So they're still less than they cost new, and great value compared to almost anything. Entry level is £6k for something rough, with good and superb cars costing £8 and £11k respectively. Just beware that lots had hard lives as track day toys and snappy handling at the limit means you should look beneath any smart-looking glassfibre outer bodywork for signs of damage to the riveted and bonded aluminium structure.

Family classics values


The most dynamic area of the classic car market used to be dominated by sports and performance cars, and most things exotic and rare, but demand is heating up for the sort of family saloons that we grew up with as kids then dismissed as teenagers and young motorists because they seemed too dull.

Nostalgia and affordability was the strongest driver of need, but the proliferation of glossy events to take them to and increasing scarcity of survivors is pushing values. Take the Austin A40 Devon for example, up 25% in the past 12 months to £7500 for the best – a significant narrowing of the gap to, say, an MGB MkIII chrome-bumper Roadster in equivalent condition. That old favourite is sitting at £12.5k, and that's after a recent 4% increase.

Latest market winners and losers

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The Price Guide Quarterly update in the latest issue of Classic Cars reveals 394 movers – mostly up, but a fair few down since the last installment. Of the climbers, 65 have grown in value by more than 4%, and those in the top ten gave seen gains of up to 90%.

TVR M-series cars of Seventies, ranging from the Ford Kent-engined 1600M to the hatchback Taimar and convertible 3000S are top of that pile. But even at £27.5k for a top condition 3000S, these are still an attractive buy. The more numerous coupés, regardless of engine size, top out at around £20k and can be found in good, usable condition for half that.

These cars are attractive and fun to drive, and, thanks to production engines and gearboxes from Ford or Triumph, are inexpensive to run, but they've always had niche status compared to more popular sports cars wearing Triumph and MG badges. The rebirth of TVR in 2017 with the new Gordon Murray-designed Griffith is now raising the marque's profile. It looks like a great time to get own an M-series car – just ask someone who used to have one, a 1980 Taimar to be precise.

Buy an Alfa Spider well

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Despite recent gains in value, the Alfa Spider 105 series is one of the few examples of a classic convertible being worth less than its coupé sisters. Splendid – it means that the round-tail Series 1 ranges from £5-50k depending on condition, with superb examples occupying £20-30k territory. The square-tailed S2 is cheaper still, with £8-12k buying something presentable and usable and £15-20k buying the best. Series 3s and 4s are even cheaper.

They're also easy to own – the sophisticated twin-cam engines and suspension (compared to an MGB) don't translate into poor reliability or expensive ownership costs – as long as you start off with a good one. The buying guide in the latest issue will help there.

We want this Chevrolet Corvette


This 1964 Chevrolet Corvette is one of four cars for sale that we evaluate in the latest issue, and it looks hugely appealing for a fraction of the price of a Jaguar E-type roadster in equivalent condition. It's priced at a little under £60k to reflect the fact that it's lost its original fuel injection in favour of an easier-to-maintain four-choke carburettor. Otherwise this manual 5.3-litre V8 car is hard to fault.

Imagine firing this up one summer morning and aiming that sculpted nose at Prescott, Silverstone, Goodwood, Le Mans…

MARKET WATCH, January 2018

Bristol 400-403s tipped


While investor-loved Ferraris and Porsches have seen huge gains followed by a slide back to 2014 prices, early Bristols have continued to grow – up 33% over the same period and 10% since our last Price Guide Quarterly update. That means rough projects are now £20k, usable cars circa £30k and the best are £50-70k.

If that seems expensive, compare it with the £85k-240k you'd have to find for an equivalent Aston Martin DB2. With the appeal of Bristols running outside the more fashion-driven sectors of the classic car market, we expect these finely engineered and individual saloons to continue their gentle trajectory.

Jaguar XKs on the slide


Oversupply of Jaguar XKs coming to auction is dragging prices back to 2014 values. The Price Guide Movers update in the latest issue of Classic Cars magazine reveals recent falls of 3-10% depending on model.

It's the previously strongest growers, such as the various XK150 S models, that have seen the largest percentage declines. So entry level into the vintage-feeling charms of XK ownership is now £22.5k, which buys you a 150 fixed-head coupé project, but you'll still need just over £200k for the best XK150S 3.8 Roadster, despite its near 7% slide.

So faced with choice, buyers are holding out for sensible value. But given ongoing appeal of these handsome and effective sports cars, it's hard to see the market deserting them.

Market winners and losers

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Some of the humblest classics are making the biggest gains at the moment, with the top ten climbers in the latest Classic Cars magazine Price Guide Movers chart including the early ripple bonnet Citroën 2CVs, pre-1979 VW Beetles and post-1973 Ford Capri 3.0s.

Those pre-1961 2CVs have climber 26% since our last update meaning entry level for  a prokject car is £2.5k, usable cars now commanding £5k and best being £10-14k, depending on how perfect they are. The hatchback V6 Capris now range from £3-18.5k and the Beetles anywhere from £1.2-25k, depending on condition and crucially, whether they're early enough to have the appeal-defining split windscreen.

Our list of biggest fallers is peppered with previous winners, including the Ferrari F355 Spider, Dino 206 GT and Porsche 911 GTs of the air-cooled 996 generation. With drops as great as 20% now being seen, buyer's resistance to previous hype could be gaining strength. Sadly, nothing has yet dropped enough to warrant bargain status.

You'll find the full table of the latest Price Guide Movers in the current issue of Classic Cars.

Should you buy a Morgan Plus 8?


Our detailed buying guide in the latest issue reveals that good but higher mileage later models can be bought for £25k but you'd need to find another £10k for equivalent condition pre-1977 examples and more than £50k for the best of these early cars.

So the prices of such rugged charm hasn't moved in pace with the rest of the market. But there are no other classic sports cars the remained in production, fundamentally unchanged, for so long. It means that if you simply want the overall looks, grunt and vintage driving experience, a newer example needing less work will always be a better proposition than an older car needing money spent in it.

Of course, when faced with with the conflicting merits of period early cosmetic changes and more user-friendly or higher-performance later evolutions, the most cost-effective option is rarely our priority when considering which classic to buy. So our buying guide helps you weigh up what you're letting yourself in for if you find the right car but with some faults, like a rotten chassis costing £1200 plus 500 hours to fit.

We want this Bristol Fighter

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Why do we want this 2004 example that we evaluate in the latest issue? Well, 525bhp, a claimed 210mph top speed and a sprint to 60mph in four seconds is a fair chunk of the answer. Then there's the dramatic gullwing-door looks and the when-did-I-last-see-one scarcity.

It helps that this ex-showroom demonstrator has had just one owner since and it has a little under 18,000 on the odometer. We just need to find the £200k asking price.

MARKET WATCH, December 2017

TVR Tuscans racing ahead of the market


The TVR Tuscan V6 of the generation built from 1969-71 has leapt 82% since the last price guide update in Classic Cars magazine. Why? Because these light, agile and powerful sports cars can be made even more so in the quest for devastating effectiveness in historic sports car racing. Factor in the scarcity and it's a surprise the gains didn't come sooner.

Fortunately the recent moves have come off a relatively low base, so you're looking at £10-30k depending on condition. Alongside the charming but less able Triumph TRs they still don't look expensive.

Porsche 944 Turbos cool off

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Porsche 944, particularly Turbo, prices took a long time to be swept along by the rush to buy air-cooled 911s, but when the market realised what an appealing package they offer there was quite a jump. Well, 911 values have slumped and 944 Turbos are following them down, 5.1% for the coupés and 6.7% for the cabriolets. So we're talking £3.2-18.5k and £7-30k respectively, depending on condition.

Given the modest values across the range I wouldn't expect losses on the same scale of the more over-hyped 911 models, but while those continue to become more affordable it seems likely that they will suppress 944 values accordingly.

Top 73 market climbers and fallers revealed

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Our latest price tracking data in the current issue of Classic Cars reveals that there's still a voracious appetite for the right cars, with gains of anywhere between 4% and 82% for the 58 climbers tabulated in the latest issue of Classic Cars. The top ten underlines the ongoing trend for strong growth in the lower and middel sector of the market, with Lancia Montecarlos up 45% to £2-16k depending on condition and Mercedes 220 SEb Cabrios up 24% to £25-90k.

There has been much talk in recent months about a slowdown further up the food chain, particularly for all of those Ferrari and Porsches that achieved spectacular growth three-four years ago then suffered substantial declines. While there's much evidence that this is generally the case, Ferrari F50s are up 25% to £1-1.75m.

Our table of top 15 fallers is heavily populated with Porsches and Ferraris, with the Porsche 911 Turbo S of the 993 generation dropping a hefty 14%. But bargain it is not – you'll still have to find £150-300k if you want one, for now. But maybe they'll come closer to earth next month, and the one after that.

Peugeot 205 GTis not as expensive as you think


We've reported on some loopy auction prices for Peugeot 205 GTis in Classic Cars recently – £38k for a 1.9 – but, like that example, the headline prices are for time-warp examples with barely any miles on the odometer. There will always be enthusiasts with deep pockets happy to empty them when they get the rare chance to buy the best of the best, but that's not where the rest of us are. most of us drive smart examples of classics with average or high mileage.

So the 205 GTi buying guide in the latest issue of Classic Cars explores what you have to pay for real-world examples. Here we reveal that perfectly acceptable 1.6-litre cars can be found for £3k and 1.9s for £4k, as long as you're not put off by high mileage. Thereafter the prices climb according to how much perfection, and low-mileage you're prepared to pay for, so our pre-purchase inspection guide explains the sort of faults that you're likely to find and how to spot them before agreeing a deal, or walking away. These cars have survived in sufficient numbers that the last option is your best defence.

I'm amazed at the number of buyers who feel obliged to do a deal just because they've gone to the trouble of reaching the inspection and test drive stage. Compared to the endless hassle and cost of putting right a bad car, a few wasted trips up the motorway and 'thanks but no thanks' conversations is trivial.

Happy hunting

We want this Ford Mustang


Of the four cars for sale that we test in the latest issue of the magazine, it's the 1965 Ford Mustang Fastback that keeps drawing me back for one more look. I must declare an interest – not a financial one, but a strong and happy prejudice in favour of these handsome pony cars that's been with me since I was a kid.

In my dreams there's a dusty 1970 Boss 302, 1968 390GT or 1965 Shelby GT350 waiting for me to discover it in an isolated Nebraska barn, but something like this 289ci V8 example is closer to reality. Our tester finds it to be in excellent condition and it drives just as it should. I particularly like the standard, period presentation and discrete dark metallic green colour scheme.

I had hoped that UK fuel prices and a market that chases ultimate models of everything would have suppressed values of these mainstream Mustangs, but £30k+ seems the going rate for sharp examples and this cars £39k tag means I'm out of the running, except in my dreams.

MARKET WATCH, November 2017



Gordon Keebles have jumped 25% since our last update, with top condition cars joining the six-figure club at £100k. Prices start at £30k, which will buy you a project car, while £50k buys something tidy that you can use and £75k netting you a sharp example. That's if you can find one for sale – with just 100 built, and most in the hands of dedicated owners, they don't come up for sale often.

It's easy to see why. The combination of handsome GT styling by a young Giorgetto Giugiaro and a 5.4-litre Chevrolet Corvette engine would be hard to tire of.


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Alfa Spiders have also moved smartly, with S2 (Kamm tail) models up 20% and even the relatively unloved S3 (black aerodynamic add-ons) is up 26% and the smooth body kitted S4 up further still at 27%. That means £21k for the best S2, with sharp examples £14k and tidy drivers £7k. S3s and S4s run at approximately 57% and 67% of those prices respectively.

Even with these recent moves, the Alfa Spider still looks a good buy compared to rival British Sports cars like the Triumph TR4, especially when you remember that they were not far short of double the price when new.


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The 56 climbers in the current issue price guide update range from the Mercedes 230 SL, up a modest 2.5%, to the Jaguar MkX and 420G, up a thumping 67%, meaning £57.5k and £14k for sharp examples of each.

The top ten contains an eclectic mix including BMW E30 3 Series convertible (up 25%), Volvo PV544 (up 38%) and Mazda Cosmo (up 50%). The others are split between Jaguar, Porsche, Alfa Romeo, Gordon Keeble and Ford.

Despite talk of a classic car market downturn, which largely applies of a few over-hyped makes, models on the up still outnumbers fallers by nearly three to one in this update. The biggest casualties make the point, with the Ferrari 365 GTC/4 down 11% and 993 generation Porsche 911 Turbo Ss down 10%. In fact, Porsche and Ferrari models make up nearly half of the top 19 fallers this month, though none has lost a catastrophic sum.


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When you discover that £3000 buys a good 370bhp Jaguar XJR, it's time to take notice. Note I said 'good', this isn't an entry level price for some worn-out, rusty and neglected car. And for double that you can expect the best. So much power, such good looks, so little money. I'd be surprised if the good examples don't become more expensive in the future, especially because Jaguar's image is on the up with a properly modern and exciting range.

There are some faults that can quickly make your bargain performance Jaguar into a bad deal, but the six-point guide in the current issue of Classic Cars magazine will help you steer around those.


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The 1968 Aston Martin DB6 manual that we test in the current issue of Classic Cars is in the sorted and ready-to-drive condition that can take an age and a fortune to achieve if you start off with a bad example and try to make it right.

Compared to the DB5 that it replaced, the DB6 is roomer, more stable at speed and just over half the price in equivalent condition. The 1996 restoration has stood up well and the car still looks smart, but there are a few signs of use and ageing since then.

The Aston is one of four cars for sale that we evaluate in the current issue.

MARKET WATCH, October 2017

Jaguar E-type sales unpredictable

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The recent round of auction sales that included several Jaguar E-types underlined why one sale doesn't establish a trend. Whenever there's a notably high or low result for a particular model, in relation to its condition, we always look for further evidence of a shift in values before rewriting the Classic Cars price guide.

The sale of four E-types at Silverstone Auctions' Salon Privé sale in August might have suggested a drastic fall off in interest in Jaguar's ever-popular sports GT, but when Bonhams sold all four of its E-types at the Goodwood Revival sale in September we knew that the normal balance was maintained. As well as buyers being picky about condition (barn-find projects and perfect preservations or restorations sell easiest) and model variant, there's always the factor of the auction dynamic on the day. With the right ambience and enough competitive buyers, cars can do better than they deserve; without, good cars can struggle.

The results of those two sales, and much more data beyond shows that the most desirable Series 1 (covered headlamp) cars have grown between 4% (Series 1 4.2 coupé) and 10% (Series 1 3.8 roadster), but the biggest gains have been seen by the Series 1.5 and Series 2 roadsters, up 11%. They're still a long way behind the covered headlamp cars, but as those become more expensive, buyers have been inevitably looking at the next best thing.

For details of all the latest growers and fallers, check out the expanded Price Guide Quarterly in the current issue of Classic Cars magazine.

Ford Anglias in vogue

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After spending much of its life tracking the values of Morris Minors, the Ford Anglia has started attracting much larger figures. Until recently, figures ranging from sub £1000 project cars to £6k concours examples have been typical for the 105E, despite the hype surrounding its appearance in the first Harry Potter film.

Recent auction results of £8.6k and 15k reflect how hard it is to find low-mileage or nicely restored examples. Only future sales will tell us if these represent a blip or a real trend.

Price guide winners and losers


We've added 159 new entries to our expanded Price Guide Quarterly and the latest update is in the current issue of Classic Cars magazine. Most of the recent additions are at the more modern end of the classic car spectrum, models that have turned from old car depreciation into classic appreciation.

The top 54 climbers range from a modest 1.3% growth for the Armstrong Siddeley Sapphire 346, where good examples make £9500 and the best are £12,500, to the Volvo T5-R and 850R which have grown 50% to £5k and £7.5k in equivalent condition. Those cars hint at the overall picture for the classic market, where the more valuable and collectible cars are static or have fallen back to 2014 levels, while affordable and middle-market cars are continuing to trade keenly, bringing inevitable upward pressure on prices for good examples of the right models.

But there are always exceptions, like the BMW 507, up 20% to £1.5m in concours condition, and the alloy Ferrari 275 GTB up 13% to £2.25m.

The list of biggest fallers is dominated by models that have enjoyed vivid gains until recently, particularly Ferraris, like the Testarossa, down 7%. Hardly cause for despair among owners then.

Buy an Austin-Healey the expert way

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Austin-Healeys rarely feature in our monthly roundup of the biggest climbers and fallers in the classic market – their modus operandi seems to be an alternating pattern of falling behind the general market growth, followed by period of gentle catch up. They're never particularly in or out of fashion, but their handsome curves and rugged driving characteristics give them evergreen appeal. But professional restoration costs can top £100k, twice what you'd pay for a superb 100, 3000 MkII BN7 or 3000 MkIII, the three most desirable mainstream 'Healeys (the 100M and particularly the 100S are in a league of their own). So the buying guide in the latest issue of Classic Cars magazine could save you from sleepwalking into a disproportionately expensive project.

We want this


I've yet to own a TVR powered by one of its own engines, and for less than £15k this 1999 Cerbera Speed Six that we test in the latest issue of Classic Cars is looking mighty tempting. The history file suggests that this one has been well maintained over its 33k miles, and reassuringly there's a bill for replacement of the rust-prone chassis outriggers – a job that's pretty much inevitable on TVRs of any era unless they've been regularly wax-protected from new or rarely seen a wet road. For anyone jaded by how bloated modern performance cars have sacrificed pure feel for technological intervention, this generation of TVRs is the perfect antidote.

MARKET WATCH, September 2017

Lotus Elan prices sprint

The prices of Lotus Elan Sprints are pulling away from lower-powered Elans, with convertibles up 13% and coupés up 10%. That means the very best examples will cost £45k and £38.5k respectively, with defect-free cars commanding £35k and £30k and smart examples £22k and £18.5k.

The findings are in contrast to the recent trend for the earliest examples of a model to become the most valuable as collectors value original purity over ultimate specification and suggests that these cars are being bought to be driven. Well, 126bhp in a car weighing just 745kg is pretty hard to resist.

Even with recent price moves, the Elan is still well less than quarter the price of a Jaguar E-type 3.8 roadster. Tempting.

You’ll find 14 pages of buying information in every issue of Classic Cars magazine, including Quentin Willson’s hot tips, Russ Smith’s market analysis, in-depth buying guides and cars for sale tested.

Ferrari 308s cool off

After showing spectacular price gains in recent years in line with the classic Ferrari market, 308 GTB and its targa-roofed GTS sibling has stalled and appears to be slipping back. It's too early to hail it as a bargain to be snapped up in a hurry, more one to watch in the hope that it becomes more affordable still.

In previous rounds of ebb and flow in classic car values, lesser models that are dragged up in the wake of rarer, more collectable siblings usually fall hardest when the top end of the market softens or goes backwards. But while the 308 GTB/GTS will always live in the shadow of the 365/512BB supercar, it's as lovely to drive as it is to look at, with ample if not awesome performance. And bought well, these can be robust and relatively affordable cars to own, considering the exotic badge that they wear.

So, while further softening of prices looks likely, heavy falls seem less so.

You’ll find 14 pages of buying information in every issue of Classic Cars magazine, including Quentin Willson’s hot tips, Russ Smith’s market analysis, in-depth buying guides and cars for sale tested.

Price winners and losers

The top 78 market movers highlighted in the latest issue of Classic Cars magazine is led by cars as diverse the Matra Murena, Jaguar XJ6 Series 2 and Jaguar XJ220, with gains of 91%, 50% and 50% respectively.

While that means the very best Murena is still an affordable is £11k, top examples of the Jaguar hypercar are now £300k, with entry level at half that. If that sounds like a lot of money, to buyers of late Eighties/early Nineties supercars it remains a bargain compared to the similarly rare Ferrari 288 GTO and much more numerous Ferrari F40.

Controversy around its specification not matching the promises of the prototype, and the challenges of trying to sell it into the post-supercar boom recession of the early Nineties have always held it back. Its performance and looks haven't, and with 25th anniversary celebrations raising its profile in 2017 this looks like a wise time to buy one.

You’ll find 14 pages of buying information in every issue of Classic Cars magazine, including Quentin Willson’s hot tips, Russ Smith’s market analysis, in-depth buying guides and cars for sale tested.

Buy a Scimitar GTE

Because Scimitar buyers generally prefer the better developed Middlebridge-built examples, with top examples costing £15-20k and decent ones £8-12k, the earliest and prettiest SE5 and SE5a models built from 1968-1975 with clean styling and slim chrome bumpers are still great value. Expect to pay £5k or less for a really good example, though the very best can match Middlebridge prices.

But bargain Scimitar prices isn't news, right? Certainly, these attractive and innovate sports estates have long been overlooked by the classic market, but now they're on the move, so it's a good time to pick one up while you can. Just don't make the mistake of thinking that glassfibre bodywork means no rust worries – that tough shell is strengthened by plenty of steel which requires careful inspection. And when it rots, repairs are complicated by access problems

The comprehensive buying guide in the latest issue of Classic Cars magazine gives more detail, and talks you through the other pre-purchase checks vital to ensure that your Scimitar experience is as smooth as it should be.

You’ll find 14 pages of buying information in every issue of Classic Cars magazine, including Quentin Willson’s hot tips, Russ Smith’s market analysis, in-depth buying guides and cars for sale tested.

We want this

All the money is chasing the top of the range 450 SEL 6.9 version of the W116 S-Class Mercedes-Benz, so why are we so excited about this lowly six-cylinder car? Because it's such an exceptional example. The eye-catching gold bodywork is free of defects, the interior looks barely used and this 1974 car has evidence of full service history over its 43-year-life covering just 49k miles.

Its 185bhp twin-cam straight six is capable of hauling the short wheelbase saloon up to 60mph in under 10 seconds and it's good for 120mph flat out – ample performance for effortless touring and feeling good about life.

You’ll find 14 pages of buying information in every issue of Classic Cars magazine, including Quentin Willson’s hot tips, Russ Smith’s market analysis, in-depth buying guides and cars for sale tested.

MARKET WATCH, August 2017


Demand for good Jaguar E-type 2+2s has pushed prices up 45% over the past two years, despite them being the least coveted variants. Until recently, high values and high-quality restorations have been largely reserved for the better-proportioned two-seater coupés and roadsters, but the child-friendly 2+2s are playing catchup.

Excellent examples of Series 1s are more than £37k and the very best can make £55k, though that's still a fraction of the professional rebuild cost. Series 3 V12s are a little cheaper at £33 and 50k respectively, while the Series 1.5 and Series 2s are £32-47k in equivalent condition.

Beware that these have been entry level E-types for so long that few have enjoyed comprehensive maintenance or restoration, so their recent jump in values is bound to attract superficial makeovers in pursuit of a quick profit.


With prices up by more than 30% this year, the Rover P5B Coupé has shrugged off its old 'poor man's Rolls-Royce' epithet – you can buy a Silver Shadow for less. Top condition examples can now make £20k or more, with usable examples starting around £9k.

Despite the thrust of that ex-Buick, all-aluminium V8, performance is ample rather than sporting, but these have always been cars in which to make dignified progress. If you want saloon racer heroics, the Jaguar Mk2 3.8 is the weapon of choice.

Of course, modern four door coupés are all the rage now, but anyone seeking the classic alternative has little choice. If you're not set on the rakish lower roofline of the coupé, the V8 saloon is much better value, with usable examples starting at around £5k, rising to £13k for the best. Because of the propensity of these cars to demand hideously expensive restoration costs, your money is much better spent up front on an excellent example


The Honda S800 is one of ten models to have jumped in value by more than 30%, with convertibles up 37% and the coupés up 50%. For the 66 models highlighted for growth in the latest issue of Classic Cars magazine, figures ranged from 5% for the VW Beetle Cabriolet to a chart-topping 54% for the Pininfarina Spider, the model built by the coachbuilder after production of the 124 Spiders transferred from Fiat.

Fortunately for buyers, what goes up, occasionally comes down again. After a surge in prices, Mercedes 450 SEL 6.9s have slipped 7.5%, and models as diverse as the MGF, Porsche 911 Carrera RS (993 generation) and Ferrari 250 Tour de France have all dropped by more than 4%.

For a full list of this month's winners and losers, with price details, see the current issue of Classic Cars magazine.


Values of the desirable slim-bumpered Fiat 124 Spiders, built from 1966-75, are up 45%, meaning the very best can command £24k, with excellent examples following up at £18k and usable cars at £10k. Even project cars are £3.5k. All of the publicity around the new Mazda MX-5-based Fiat 124 Spider seems to have created more demand for the classic original.

The impact bumper cars built from 1975 have seen slighter greater gains of 48%, but inevitable trail in absolute terms. Prices in equivalent condition range from £2.5-18.5k.

The price moves have encouraged a flow of imports, artfully smartened up to deceive the unwary buyer, especially those who assume that the Fiat badge guarantees cheap restoration costs. As the detailed buying guide reveals in the current issue of Classic Cars, you need to go in armed with essential knowledge of what the expensive problems are, and how to spot them. With that covered, these are rewarding cars to own and drive. See you on the road this summer!


With their grunty four-cylinder engines and light weight, the sidescreen Triumph TRs are huge fun to drive. This TR3A has the optional 2138cc engine and can pull 100mph, but with those cut-down doors and the buzz of the exhaust, even 70mph feels like 100. This 1960 example, which we test in the current issue of Classic Cars, has been skillfully restored from a US import but retains the lefthand drive steering – handy if you fancy weekend jaunts or touring holidays in Europe, or if you ever wish to sell it there.

Despite the superb condition – it's little used since the restoration – this TR3A is priced keenly at £26k. It's one of four car for sale that we test in the current issue, including an Aston Martin DB7 Vantage Volante, Mini Cooper S and Triumph TR5. Tempting.


Early ’Healeys jump

The trend for buyers to prize the earliest and purest version of a model line has struck the Austin-Healey, with four-cylinder 100 models gaining four per cent to overtake all six-cylinder models for the first time.

Until now the 3000 MkIII has been most prized of the regular road cars, particularly for its more powerful engine and more luxurious trim, but buyers are increasingly happy to sacrifice ultimate spec and comfort for purer dynamics and aesthetics.

Entry level for rough, project cars has moved to £20k, with good cars at £32k, mint at £47.5k and concours examples up to £65k. Just as we’ve seen with other Fifties and Sixties cars, we expect the gap to widen as these cars are taken increasingly seriously by collectors.

Triumph saloons leap

Values of Triumph 2000 and 2500 saloons have jumped by 35-44 per cent, depending on model. For decades their advanced design and sharp Michelotti styling wasn’t enough to lift them out of the backwater occupied by so many family and executive saloons, which made them great value.

The good news for buyers is that they’re still good value, with £1000-1400 buying something rough and even the best topping out at £6.5-7.5k, depending on model. A combination of usability and scarcity of good survivors is driving the value growth.

For now the highest spec and latest versions (2.5PI, 2500TC and 2500S) are at the top of that scale, but the MkI models with the beak nose and futuristic dashboard have seen the most growth.

Top climbers and fallers

More than a fifth of the classic cars tracked by Classic Cars magazine’s Price Guide Quarterly have changed in value, and the majority of those have grown, despite anecdotal evidence of a cooling off of prices.

The top ten growers have increased by between 20 and 44 per cent, with Triumph 2000/2500 MkI/IIs outperforming Ferrari 250 GT Pininfarina Coupés at the top of the list, at least in percentage terms (up 44 vs 40 per cent). That top ten includes various Triumph 2000/2500 models, Porsche 944s, the Austin Mini Copper 1275S, Bugatti Type 57 Atalante and Humber Super Snipe S1-VA. It underlines the fact that growth isn’t always confined to the cars that are predicted to attract serious investors.

The list of cars showing a decline contains a few surprises, particularly Aston Martins – DB2 convertibles and DB MkIIIs are down, but the two-three per cent drop is unlikely to trouble recent buyers or anyone deep into an expensive restoration.

The price futurism

With project lefthand drive D Specials starting at £5k and the best DS23 EPI Pallas examples costing £25-40k, it’s more important than ever to know how to check out your dream Citroën ID or DS thoroughly before you commit with cash.

Bought well, and a good example of any of these beguiling machines can be rewarding to own, but cars that have suffered neglect or inexpert restoration and maintenance will lead you on a frustrating an expensive journey.

Good, usable IDs are more like £12k, rising, along with the clever oleopneumatic suspension, to £20k for something excellent. At this point you’re still £3k shy of a decent DS21 Pallas and £15k from the best.

The detailed buying guide in the current issue of Classic Cars magazine walks you through the key steps to finding the sort of structural and technical problems that will deflate your ID/DS experience, arming you with the expertise to find a satisfying example that will live up to the futuristic dream.

Countach drop

After a spectacular ramping up of values that has seen the Lamborghini Countach 25th Anniversary leap nearly four-fold since 2012, this most extrovert symbol of Eighties excess has taken a £100k dip since its 2014/15 peak.

That still means circa £350k, so it’s not as if the appetite for them has disappeared, but it does represent another investor favourite where some moderation has replaced reckless acquisition. It’s too early to tell whether the dip of recent years is part of a longer decline, or whether it signifies a brief market correction before these cars and their rivals return to growth.

We want this Trans-Am

I blame my Seventies childhood and the rash of American road movies that transfixed me as a car-crazy youngster, but the Pontiac Firebird Tans-Am had a hold on me because it was everything that our discreet British GT cars were not. Rumbling, big-capacity V8s, exaggerated, muscular proportions and lurid decor inside and out.

This 1979 example is one of four classic cars for sale that we test and evaluate in the latest issue of Classic Cars magazine, and although its 4.9-litre V8 can only muster 135bhp, this one, unusually, is connected to a manual gearbox. Our road tester was impressed by its condition, and felt that the power was sufficient for doing what the car is best at, rumbling along, grabbing attention wherever it goes. Tempting. I wonder how hard it would be to fit it with the optional 6.6-litre motor?


Lamborghini Miuras buck the market

While prices for period rival Ferraris such as the Daytona have fallen back from their market peak, the Miura continues to grow with the original P400 and its P400S successor up 13% and 11% respectively.

That means you’ll pay £460-850k for a P400, and £550-£1m for the P400S, depending on condition. It helps that only 765 of all three types of Miura were built – collectors prize scarcity – compared to a little over 1400 365 GTB/4 Daytonas, but it helps that the Miura was a real game changer, defining the basic layout of every supercar since. They also appeal to buyers who see the Daytona, or any Ferrari, as too obvious.

Lancia Beta tipped

We should celebrate the stigma of old reputations if they mean that the value of an appealing classic car remains suppressed. Take the Lancia Beta Coupé, a sharp-looking machine with fine handling and a choice of peppy twin-cam engines – yours for less than £5k.

Two-litre is the one to go for, but even the 1.3 can muster 82bhp. Supercharged Volumex is the ultimate. The only snag is finding one for sale, but it’s definitely worth the effort.

Price guide movers

Even in a market that’s cooled off since its heady peak we can still find cars that have jumped by up to 33%.

And the head of the league table in the latest issue of Classic Cars magazine? The Austin Mini Moke, which now commands between £4500 and £20,000 depending how rough or perfect it is. If there’s a pattern to the cars in the top ten, I can’t see it – Rover P3 up 32%, Ferrari 166 Inter, Jaguar E-type V12 Roadster and split-screen VW Beetle all up £25%. What’s clear is that there are still eager buyers out there for cars that seem to be good value compared to similar alternatives.

The rest of the 78 top market movers are revealed in the July issue of Classic Cars magazine, on sale now.

Buy an Aston V8 wisely

You can pay anywhere from £50k to £500k for an Aston Martin V8 now, so I can’t help but wish I’d taken out a meaty loan to buy the smart £40k V8 Vantage that I borrowed for the day a few years ago. Not because I have any interest in playing the classic car investment game, but because, as it turns out, that was my last chance to own one.

Then, as now, repair and restoration costs for these cars were very much in the league of those who can afford to buy a brand new Aston Martin, and that fearful knowledge kept me from making a begging phone call to my bank’s loan department. That £50k starting point only really buys a project car now, something that you could easily spend £100-200k on, while usable V8s start at more like £80k, with tidy Vantages at £150k.

So, as with so many cars, your money goes a lot further if you buy a decent example in the first place. The detailed buying guide in the latest issue of Classic Cars magazine takes you through six essential steps to avoid buying a bad one, and help you navigate the subtleties of the different variants on the market.

We want this

When the pictures of this 1963 Alfa Romeo 2600 Sprint came into the office I just had to have a second look, and a third… It’s in good, rather than pristine condition, but the black paintwork and appealingly worn deep red interior really suit the car. These big coupés don’t really fit with the compact and agile sporting image that we tend to hold for Alfas, but with its twin-cam, six cylinder engine and roomy interior it’s best considered as an affordable alternative to more exotic Sixties grand tourers. It’s one of four cars for sale that we road test in the July issue of Classic Cars, on sale now.


Volvo style premium

Prices for the Volvo P1800 coupé and the 1800ES estate have moved again, up 12 and 18% respectively on 2016 numbers. That means that project cars are now £4000 and the very best coupés command £28k, with the ES representing slightly better value at £24k.

Despite such rises we don’t think these handsome Swedes have hit their natural ceiling yet. They may not be exciting to drive like some of their price rivals, but not everyone wants to tear around like a frustrated touring car driver. There’s a lot to be said for cruising around, feeling good about the world.

Testarossas cool off

The plight of the Ferrari Testarossa illustrates a common market phenomenon. Unfashionable classic finds favour when the schoolboys who lusted after them grow up into a serious buying force, prices surge, long-term owners see an unexpected opportunity to cash in and suddenly there’s a flood of cars on the market. The result – a seller’s market becomes a buyer’s market with only the best cars making strong money, or selling at all. Cars with average mileage and condition, and patchy service history, fall back from the peak.

The Testarossa languished around £30k for years, a common price point for supercars in the hinterland between modern and widely-accepted classic status. The gold rush pushed them beyond £100k, and at Techno Classica Essen a couple of years ago every other dealer seemed to have one at €170k. Now they have to be placed with much less ambitious auction reserves if vendors want to avoid the cost and humiliation of having to trailer them back home afterwards.

Sometimes, in a rising market, you just have to accept the new price for your dream car and either dig deep or risk missing out on ever owning one. But you also need to be wary of transient microclimates that create flash floods. I’m sure Testarossas will rise again in the long term, but now’s not the time to pay whatever the vendor fancies asking for his newly ‘investment grade’ Ferrari.

Price guide movers

The latest round of price increases reminds us that the market isn’t just hungry for younger classics. The top ten climbers is headed by the Porsche 924 Turbo, up 88% to £2-15k, depending on condition, and also includes the Renault 17TS/Gordini, Volvo 262C coupé, Ford Escort MkII Ghia and Audi Quattro 20V ranging from 33-58% up.

But the headliners also include the Forties Jaguar 3.5-litre, Fifties Sunbeam Alpine and Fifties Daimler Century drophead, all up by more than 50%.

The latest round of fallers, however, is dominated by pre-Seventies cars, but even the biggest slide, for the Mercedes 500K Cabriolet, is only 12%.

The full table of the latest climbers and fallers is revealed in the June issue of Classic Cars magazine.

MX-5 comes of age

The Mazda MX-5 at the recent Classic Car Auctions sale had everything going for it – 1990-built 1.6i, 20k miles, low ownership and in original, unmodified condition – so it wasn’t a surprise to see it make £8.6k. That’s the way that the best, earliest examples have been going recently.

It doesn’t seem long since there were several MkIs in every office car park, and countless examples for sale for a few hundred, and maybe a couple of thousand pounds in smart condition. But like almost every popular sports car, they’ve been considered disposable fun, a transition car to a newer one or something more exotic, for attrition to take its toll. To the extent that the best, earliest survivors are scarcer and more precious.

As the buying guide in the latest issue of Classic Cars shows, you can still buy a tidy MkI for around £2k, but those increasingly coveted early models are making £5-7k, and the very low mileage cars double that. Our feature on how to find the best couldn’t be more timely.  

We want this Bristol 406

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As an alternative to the mainstream, it’s hard to beat a Bristol. This 406 is one of 174 built, the last model to use the exquisite overhead valve, hemi-head straight six before the switch to Chrysler V8 power. But there’s more to motoring life than maximum power and torque figures (yes, I did just say that), in this case the delights of a crisp, free-revving six-cylinder engine.

This one is in smart, cared-for condition rather than show perfection, a look that Bristols wear well, and it comes with lots of service and repair history to back it up. It’s one of four cars for sale that we test in the June issue.

MARKET WATCH, April 2017

Jaguar XK120 fortunes are changing

Buyers are increasingly favouring purity over practicality with Jaguar XKs. For a long time the greater legroom of the XK140 and the more cossetting roof arrangement of the drophead coupé have kept this model at the top of the XK value tree because buyers were seeking them out for usability, particularly with touring in mind.

But the old world order is changing, with the purer lines and more delicate detailing – particularly the slim quarter bumpers of the 120 compared to the Armco-like arrangement on the 140 – attracting a premium. XK120 roadsters now start at £52k for a decent example and you can pay £78-110k for the best. Drophead coupés are now £50, 75 and 105k in equivalent condition. That’s a jump of 10 and 11 per cent respectively, a sign that these models are enjoying a surge in collectability. Buy soon now if you’ve always fancied one.

New buyers for old Porsche 924s

Younger enthusiasts are recognizing the 924 for what it is, a fine-handling and easy-to-own slice of Seventies chic, waking up a long-dormant market for them. So far that’s had a greater impact on the number of cars finding buyers via the classifieds than it has on prices, so you can still find great examples for £2250-3000.

So if you thought that a 924 would always hang around at a low price, waiting for you to get around to buying one, you might want to make you move sooner rather than later.

Price guide winners and losers

The Price Guide Quarterly update in the latest issue of Classic Cars magazine reveals 254 movers. The top ten climbers, each having grown by more than 30%, range from the BMW 2002 Cabriolet up 33% to £15-20k in top condition, to the Maserati Khamsin, up 56% to £100-140k for the best.

The latest fallers look far less drastic, with the Ferrari 365 GTS/4 having dropped 6.7% to £1.85-2.1m, and Jaguar XK140 drophead coupé down 4.2% to £85-115k. So none of a losers are large enough to make recent buyers despondent, and neither do they throw up any significant bargains for buyers. What they reaffirm is that there is a gentle market correction applying to some makes and models, particularly those that have seen strong gains in recent years. All signs of a rational market then – far more healthy than boom and bust cycles.

Buy a Berkeley

With the fad for microcars driving up prices for most, the dashing range of sports cars offered by Berkeley look good value at the moment.

According to the detailed buying guide in the latest issue of Classic Cars magazine, you can find decent examples of the early SA322 model, propelled by a 15bhp Anzani twin-cylinder engine, for around £5k, with the best more like £8k. They’re fun to drive, but for real pace you might prefer the later B95 and 105 models, which packed 692cc Royal Enfield Super Meteor or Constellation engines with 40 or 50bhp. In a car weighing just 400kg! You get all of that extra go for £7.5k, rising to £12.5k for the sharpest examples.

Armed with our buying guide to help steer you round some of the tricky parts shortages and the more expensive problems, you can be sure that there’s a Berkeley guaranteed to put a smile on your face every time you pluck it from the garage.

We want this

With exceptional late air-cooled Porsche 911s making headline figures at auctions – by those I mean low-mileage, fully-historied examples of the most extreme performance models – the first water-cooled Turbos look good value.

The 2003 example that we test in the latest issue of Classic Cars is up for £60k, which is at the upper end of the price spectrum for these. But when you discover that it’s only done just over 28,000 miles from new and is fresh from restoration by Porsche Centre West London as part of the annual Porsche dealership restoration competition, it seems good value. Oh, and I didn’t mention that it gives you 400bhp to play with.

If you’re happy to buy one with 50-70k on the odometer, prices are more like £40-50k. That’s tremendous performance for the money, with the added reassurance that the Turbo used a variant of the tough Mezger-designed flat six, which is free from the notorious intermediate shaft bearing and cylinder wall failures that can afflict the mainstream watercooled flat sixes.

Market Watch, February 2017

MG Midget/Austin-Healey Sprite bargains

With the prices of top condition MG Midgets and equivalent Austin-Healey Sprites lagging behind the market, and particularly their old rival, the Triumph Spitfire, now looks like a good time to buy.

I’ve always found the Midget and Sprite more fun to drive, and also surprisingly accommodating for my 6ft 1in frame. Excellent examples can be bought from £6-7k with £11k buying the best. And after that initial investment your ownership costs will be tiny, leaving you with nothing more to worry about than which twiddly B-road you’re going to attack next.

Lotus Esprit Turbo on the move

After being left for dust in the price acceleration race by rival Ferraris and Porsches, the Lotus Esprit Turbo seems to be on the move, with top auction and dealer examples already tipping over the £20k mark.

That still doesn’t make the Esprit Turbo expensive for such a fast, sharp-handling and dramatic looking car, especially as privately-advertised examples can be found for 10% less. In the current market you can have a lot less fun for a lot more money.

Price guide climbers and fallers

The latest price winners and losers analysis in the new issue of Classic Cars magazine reveals the top 66 climbers and eight fallers.

Top gains go to the Alfa 75, which has jumped 43% to £7.5k for the very best and £5k for excellent examples. The top ten spans all eras, from 1918 Rolls-Royce Silver Ghost to 1998 Ferrari 456 GT, and all price points, from £3.6k Wolseley 1500 to £590k Aston Martin DB6 Volante.

Heaviest fallers range from the Maserati Ghibli 4.7 down just 2.5% to £140k to Austin-Healey Sprite MkII-IV down 7.4% to £7k. In most cases it looks like previously over-inflated models suffering a reality check. Handy if the recent market heat had taken them out of your reach.

Ford Pilot buying

The Ford Pilot’s handsome and confident American styling and flathead V8 propulsion look extremely attractive at anything from the £6k entry price for something usable through to circa £20k for a faultless example.

But various design flaws and limited parts and specialist network can catch out the unwary. Fortunately, Classic Cars magazine has just produced an in-depth buying guide for the latest issue in order to guide you through the challenges and make buying and owning one as simple and pleasurable as possible.

Imagine the sense of occasion when showing up at anything from a favourite pub to a classic car event in something so distinctive.


We want this

This 1959 Alvis TD21 looks like a lot elegant and discreet motoring pleasure for its £27.5k asking price. Of course, a lot of cars can appear so when you find a few small pictures and a lot of glowing prose in the small ads, but when we went to look at this one it stood up to scrutiny with good cosmetics and driving demeanour to match. Add to that the novelty of it being bought new by a diamond dealer and subsequently owned by a hot air balloon pilot and you have something worth a more detailed look. You can read more of our observations in the Ads on Test story, one of four cars for sale that we evaluate in the latest issus of Classic Cars magazine.

MARKET WATCH, January 2017

Mondial renaissance

With Ferrari prices falling back after a period of over-inflation by ambitious vendors you might expect the Mondial to share the hangover. After all, it suffers from the curse of four seats that have always held back values – who chooses a Ferrari to be practical?

Well, quite a few smart buyers as it turns out and prices are up nearly 14% on last year. If you avoid comparison with the pretty 308 GTB and GTS, the Mondial is a good-looking car, it’s a buzz to drive and you can take the family out for a spin, at least while the kids are still young. Even with the recent growth, the Mondial still looks good value at £14k for a decent one, £23k for something really sharp, and running one shouldn’t lead to financial ruin if you start off with a properly looked after example. But we’ve seen recent examples of these cars selling for significantly more, so they may not remain such good value forever.

Cortina gold

We’re used to strong prices for Ford Cortinas MkI and MkII – all of that period motor sport heritage has a direct impact on Lotus and GT values, and a halo effect on the lesser models – but the MkIII with its transatlantic styling and suburban image has never been as covetable.

But newer generations of buyers aren’t under the spell of the Sixties – it’s just too far in the past now – and instead they’re drawn to flamboyant images of the Seventies, from Raleigh Choppers to Cortina MkIIIs. Which goes some way to explaining more than £13k paid recently for a low-mileage 1600 GT. That, and the scarcity of this two-door model. When was the last time you saw one?

Market winners and losers

Of the 289 movers in the latest update of the Classic Cars magazine Price Guide, just 32 are fallers. The rest are showing growth of anything up to 71%. That chart-topping figure is achieved by the Jaguar XJ12 Coupé, meaning that good examples now start at £9k and you can pay anywhere from £16-24k depending on how perfect the car is. The six-cylinder version isn’t far behind with figures around 20% behind the V12 model.

The top five slots are locked out by cars that hitherto had been keeping quiet – Lotus Esprit S2, Triumph Spitfire MkII and original Spitfire 4.

Fallers show no pattern of age or car type, with the Subaru Impreza Turbo and Austin Atlantic coupé topping the chart at -14% and -12% respectively. Now that pairing would make for a diverse two-car garage.

Lancia Flavia

With prices starting at £2k for a usable saloon or £4k for the equivalent coupé, the Lancia Flavia is looking very tempting right now.

These cars bristle with clever design including aluminium flat four engines, front wheel drive and disc brakes, and in coupé and cabriolet forms offer the sort of Pininfarina styling normally reserved for Ferraris.

The best saloons are £10-15k, coupés £25-35k and cabrios £30-40k, which still looks attractive when you consider the alternatives. As the buying guide in the latest issue of Classic Cars magazine reveals, repair costs aren’t disproportionate unless you pay too much for an example with too many faults. Our detailed advice should help you spot the trouble areas so that you can negotiate on the price, or vote with your feet.

We want this MG TA

The 1936 MG TA that we test in the latest issue of Classic Cars magazine demonstrates a well-judged blend of restoration and upgrades that make it one of the best that we’ve ever driven. Engine, gearbox, suspension and brakes have all been specified to make the car fun, predictable and dependable to drive, without compromising its period charm. The history file confirms two previous restorations and the period of 1983-2000 alone accounts for £63k of expenditure. The dealer is asking £28.5k. Want to know more? Check out the Ads on Test report in Classic Cars, February 2017.


Market Watch, December 2016

VW Karmann Ghia
While much of the Le Mans/Nürburgring/Brands Hatch-obsessed classic car market chases up values of hardcore performance models, cars like the VW Karmann Ghia look increasingly good value. Of course they’re not going to impress anyone with vivid acceleration, big horsepower boasts and heroic handling, but there really is more to classic motoring than driving a car like you stole it. This, coming from someone with a history of TVR and Porsche ownership.

What the Karmann Ghia does do very well is look pretty and cruise along with carefree ease. Lovely examples can be found for around £10k, which wouldn’t buy you much of a Triumph TR6 these days.

Peugeot 205 GTI
It doesn’t seem long ago that we were tipping these sharp-looking road terriers as undervalued smart buys. It couldn’t last long. First it was the perfect, ultra-low mileage examples that made the headlines – one sold recently for £30k – while inevitably cars with high mileage or needing work were left alone, but we’ve just seen a well-used 1.6 example make £2.4k.

So it seems the market is becoming hungry for them in any condition, in the way that sporting Ford Escort MkIs were chased upwards a decade ago. As history repeats itself, the generation that grew up aspiring to these, or owning them as disposable transport when they were secondhand bargains has the money to buy the best, or restore one to top condition. Faced with the realization that supplies of perfect, unmodified examples are scarce, they’re prepared to spend ever more on chasing the dream.

But aside from headline-grabbing auction examples, good cars with normal mileages can be bought for a third of the price of a Ford Escort Mexico. For now.


Price guide winners and losers
To illustrate how nuanced the classic car market is right now, the monthly roundup of the top 72 price guide winners and losers in Classic Cars magazine includes everything from the Blower Bentley to the BMW M535i, and late-model Porsches appear at the top of the charts of both winners and losers, depending on model.

Sharing the winner’s top slot are the Bentley Speed Six, Blower Bentley and BMW M535i (E12 generation) with a weighty 99% growth. They’re followed by Porsche 911 Carrera (964 generation) at 70% and its Turbo brother rounding out the top five at 50%.

The losers show much less spectacular figures with even the biggest only managing a 13% fall, meaning that you can now buy a mint Porsche Boxster 2.5 for just £5k. The newer and much more powerful 3.2S has dropped 10%, making mint examples a £9k bargain. If you’ve never tried one of these tactile and practical little gems, now’s the time. While their 911 big brother boasts all of the big numbers, the Boxster is much more fun at sane and legal speeds.

The Lamborghini 400GT, Porsche 911 Turbo 4 and Carrera (both 993 generation) wound out the top five fallers, losing 6.3, 6.0 and 5.3% respectively. Hardly drastic losses considering how 2016 buyers have shunned the meteoric rises in the classic Porsche market of previous years.

They may have a way to fall yet but long term, special examples of these later Porsches will surely return to growth as a younger generation of enthusiasts seeks excitement in post-chrome-era classics.

Honda CR-X
Honda’s sharp-looking and sharp-handling CR-X coupé is a reminder that there was more to fun Eighties motoring than the much-celebrated hot hatch. And with buyers clamouring for all of the predictable Peugeots, VWs, Renaults and Fords, the now scarce Honda makes a very appealing alternative, with good examples staring around £4k and the very best topping £12k.

Spec ranges from the early 60bhp, twin-carburettor-fed 1.5-litre model through to the sizzling 1.6i V-T (SiR in Japan) with its 150bhp VTEC (variable valve timing) engine, all driving the front wheels.

The challenge is finding the right car and keeping it in top condition thanks to scarcity of survivors and patchy parts supply, so the in-depth buying guide in the latest issue of Classic Cars magazine is a must-read for advice on where to source cars and how to check them for the sort of problems that might taint your ownership.

So a CR-X might not be as easy to own as a Ford or VW, but life would be dull without challenges, right?

Range Rovers rocket
You’d think my friend who sold his early Range Rover last year for a few hundred pounds would suffer a head-in-the-hands moment at the news that an early example has just sold for £93k. But the big number was for the first production car, built of course in 1970 and with an A-suffix to the chassis number. It was also restored to original condition.

My friend’s car was at the other end of the spectrum with a shortened chassis, hybrid Series 3/Defender bodywork and countless DIY shed-quality modifications that together transformed it into an off-road special. It was one of very many similar conversions that contributed to the rarity of the untouched originals that are so prized today. Without such attrition, I doubt that two door Range Rovers would be attracting anything like the attention and values that they are now.

It also underlines how, as a car matures from loved old classic to collectible piece of significant motoring history, buyers will put ever higher premiums on original specification, fittings and finishes. Conversely, the more that you personalise a car, the more you narrow its market until it only appeals to one person – you.

We want this
With just 23k miles on the odometer this 1979 Ferrari 308 GTS had to be worth a look, even though it’s lefthand drive. That’s the price you pay for a car that’s spent its life in California avoiding rain, salt and the everyday scrapes and dings that prompt a respray or three during a car’s life. So this one still wears its original paint, as evidenced by microcrazing caused by that relentless sunshine. It would be a crime to refinish it in the pursuit of perfection, as with the gently used red leather which sets off the silver body colour nicely.
Our love of time-worn patina doesn’t extend to driving around on the 23-year-old tyres however, which will no doubt be age-hardened and lethal in wet conditions.
The GTS is one of four cars for sale that we try out in the Ads on Test section of the latest issue of Classic Cars magazine.