Best performing classic car in terms of value gain revealed; you’ll be surprised at the result
We’ve featured several Peugeot 205s that have sold at auctions at prices as high as £156,800 and now the latest Haggerty Classic Index has revealed that the greatest classic car value gain this year has been on the 205 GTi.
This year, Peugeot 205s have risen 28.5% to an average value of £11,275 and with an immaculate yet ordinary one we featured in July having gone for £30,938 at auction, this ‘hot hatch’ is becoming a ‘must have’ for car collectors.
As examples, we select first a red 1993 1.9-litre CTi convertible. It is for sale for £7,250 ($9,100 or €8,600 or درهم33,500) through MSP Motors in Runcorn, Cheshire and has 69,000 miles on the clock. They term it “a great example of a future classic, a great investment”.
Our second choice is also presented in red and is a 1989 1.6-litre GTi. It has 69,119 miles on the clock, has an electric glass sunroof and is for sale through AMS Vehicles of Stokesley, North Yorkshire. They describe it as “a desirable vehicle at a sensible price” and offer it for £11,000 ($13,800 or €13,100 or درهم50,800).
Of the survey itself, Angus Forsyth, managing director of Hagerty remarked:
“We’ve seen confidence return to the classic car market in the last few months of 2016 after a summer of uncertainty, and we believe the Q3 results were a reflection on people holding back following the initial uncertainty of the Brexit vote in June”.
“However, now the financial markets have settled, people have bought into the car market albeit a few months later than they might have planned. Whether people still feel classics make good investments, or they just want to put their money into something fun, they are still definitely buying, and the values of the best classics are still on the rise”.