MARKET WATCH May 2018 part 1

Latest market winners revealed

1 volvo.jpg

236 classics became more expensive in the latest update of Classic Cars magazine's Price Guide Quarterly. Most of the activity was spread thinly across the full spectrum of makes and models, though there was some clustering within Sixties Aston Martins and Seventies Lamborghinis.

But nothing hugely expensive and exotic is troubling the top of the growth charts at the moment, with the upper 20 being locked out by assorted Vauxhalls, Volkswagens, Volvos, with the odd MG, Rover, Rochdale or Mercedes for variety.

Riding the new wave of interest in Fifties to Seventies saloons is the Volvo 123GT, up 60% overall. So entry level is now £3000 for a rough/project car, rising to £6500 for a tidy example that would benefit from some work. Really sharp examples are more like £13,500 with concours-quality cars making as much as £20,000. These hot Volvos represent an ideal combination of family-friendly accommodation with classic rally-friendly performance, so there's more than one crowd chasing a small resource.

E-type values pass their peak

2 e-type.jpg

Less-than-perfect examples must now be priced to sell as the buyers increasingly reserve their cash for properly restored examples, or much rarer unrestored originals. So far this has manifested itself in more middle-condition E-types failing to sell at auction, but sellers are currently in denial so advertised prices have yet to catch up with the market reality.

With so many free options for advertising classic cars for sale, it's easier for sellers to hold out for months or more in the hope of finding a buyer. But there's always someone who needs the cash sooner than they pretend, so now's the time to make a bold offer.

We want this Aston DB7 V12

3 aston.jpg

Low mileage and main dealer service history made this 2002 Aston Martin DB7 Vantage Volante worth a look. The combination of pretty bodywork designed by Ian Callum and that 414bhp V12 (0.60mph in 5 sec and 165mph top end) is a compelling argument, but full Aston dealer service history over its 13,095-mile life makes this one a rare find.

It's one of four cars for sale that we test drive in the latest issue of Classic Cars, and we had to be extra picky during our evaluation to find anything to criticise. Even the little-worn tyres have been replaced with fresh Yokahamas, revealing a fastidious approach to maintenance. And it drove as well as it looked, with impressive heave underpinned with the taut feel of a barely worn car. Perfect to enjoy summer, when it eventually arrives.