Aston DB5 prices jump 007%
Despite a cautious market, the ‘James Bond’ Aston has grown by 7.7% since our last update. Yes, I know, 7.7 rounds up to 8%, but that would have ruined my headline. It’s significant because the DB5 comes belongs to a sector of the market that has faced reduced interest in recent months as the cars boosted by the investor boom flattened out and started to slide backwards. These are the £500k-£1.5m cars that crop up in most high-end auctions and are regularly offered by the trade, despite relatively low production numbers of 1000-2000. Thins Ferrari Daytonas, Mercedes 300SL Gullwings or Roadsters and Daytonas, Lamborghini Miuras and the like.
Of course, even when they stop looking like short-term investments, they remain highly appealing and iconic classics to enjoy driving or just looking at. So the latest movement takes rough DB5s to £285k, good ones to £375k and the best to £550-700k. For anyone playing a waiting game in the hope of a pre-boom bargain, it underlines the difficulty in predicting when the bottom of a market will come. But just because DB5 prices are perking up right now, doesn’t mean that the trend will continue. For 16 pages of market insight and buying advice, you can buy the latest issue here.
Fiesta RS Turbo plays catch up
Ford’s junior hot hatch is chasing prices of the hottest Escorts, after years of lagging behind. Our latest price guide movers update in the March issue reveals a 40% leap over last year’s prices, even nosing ahead of Escort RS Turbos. It illustrates how market forces don’t always pull and push in the same direction. The greater desirability of the higher profile Escort drove interest and values tot he extent that good cars were better looked after and bad cars enjoyed more restoration expenditure. The result has been a higher survival rate. Which means anyone experiencing a rush of nostalgia for a Fiesta RS Turbo has been in stiffer competition for the smaller number of surviving good cars.
Now those buyers will have to find £2k for a rough example and £5k for something tidy and usable. The best cars are now £11-14k. It’s this sector of the market that’s remained strong, even while investor cars have been wobbling. For 16 pages of market insight and buying advice, you can buy the latest issue here.
We want this Porsche Targa
This low-mileage 1990 911 has comprehensive main dealer and specialist service history, backing up the attractively-low 44,576 miles on the odometer. Time was when the 964 generation, four-wheel drive and Targa would have each put buyers off a 911 compared to the previous G-series or subsequent 993 generation, but now these cars have a following of their own. And any air-cooled 911 with such low mileage, extensive service history and exceptional condition is desirable. Porsches are so usable and tough that long after rivals have been consigned to weekend plaything status because using them daily is too high-maintenance, the Stuttgart wonders are still racking up miles and anything with fewer than 100k miles on the odometer is considered low mileage.
This Porsche 911 is one of four cars for sale tested and evaluated in the current issue. For 16 pages of market insight and buying advice, you can buy the latest issue here.
Buy a Chevrolet Camaro?
Old US muscle cars used to be a cheap way of going fast and looking cool, on either side of the Atlantic, but despite vast build numbers compared to European alternatives, good examples demand proper money now.
Even in project condition, first-generation (1967-69) Chevrolet Camaros are £4-12k, with usable cars costing £20k. Really smart examples are more like £30k with the best around £50k, and that’s before you ad the premium for desirable RS and SS option packs, or the highly collectable COPO dealer option cars and 427ci big-block variants.
Improving an imperfect car can be easy and inexpensive thanks to good availability of parts, from interior trim kits to complete bodyshells. Because upgrades, from mild to wild have been part of American muscle car culture since they were new, finding a standard car could be your biggest challenge, aside from the need to target America for a good choice of cars for sale, especially while the pound is so weak against the dollar. Our detailed buying guide in the latest issue explains how to inspect a car properly and assess how much work and cost it needs to bring it up to your standards. You can buy the issue here.