March 20th, 2020 at 7:31 am
It’s pretty difficult to imagine museum visitors being fascinated yet horrified at the poisonous exhaust emissions coming from car engines in the same way as we now watch movies in which doctors smoked freely on their hospital ward, yet it’s fair to say there are sure to be some similarities. In both cases, the risks weren’t fully understood at the time.
The government have stated that electric vehicles will become the preferred vehicle for everyone within the next couple of decades with traditional diesel and petrol cars set to be outlawed eventually. However, will some of today’s cars be classics that you should tuck away and bring out in the years to come? Which vehicles will be the classics of tomorrow? Which vehicles will still be cherished even when traditional fuel-burning cars are just a long-gone memory?
Unfortunately, there’s no magic way of knowing which vehicles you should hold onto and it’s virtually impossible to determine which cars are going to retain their value. There are, however, a few things to consider.
Rarity And Styling
Limited editions and uniquely styled cars as well as those that have appeared onscreen are all likely to be classics of the future. Pieces of revolutionary technology, whether or not they’ve been successful are also likely to be popular as collectors’ items.
Some possible targets for investors and enthusiasts that are still for sale that could be tomorrow’s most popular collectors’ vehicles include:
Audi’s TT Roadster – this vehicle’s design is so classic that it never looks old-fashioned or outdated. Even today it turns heads, despite the fact that it was first produced in 1998, and they’re simple to run and manage. You can buy one from as little as £2,000 or as much as £10,000.
The Volkswagen Corrado – with its 1980s cult feel and look, this car was actually only manufactured between 1995 and 1998. Its VR6 variant is especially desirably, but the G60 is even rarer, with good examples costing around £10,000.
Renault’s Clio 182 Trophy – only produced for a single year, the Trophy was only made in 2005. With its 2.0l engine, this tiny supermini was a legend of its day. The trophy model that has Speedline wheels and trick Sachs dampers is a very rare limited edition and could cost £6,500 or even twice as much.
Ford’s Focus RS – looking at the prices that the Ford Escort RS Cosworth and Sierra go for, the Focus should be another vehicle to watch. Having built on the strong reputation built up by its predecessors, the Focus retains its value well. You should try to find a model that is as early as possible.
Volkswagen’s Beetle’s V5 Sport – when the Beetle made its come back in 1997 it failed to capture the driving public’s imagination. However, now they’re no longer available for sale, interest has increased amongst the public. Look out for the 2.3 V5 Sport Edition – it’s rare!
Pundits in the industry are now speculating that at its highest end the market for classic cars is struggling, yet the affordable end is thriving. Vehicles from the 1990s – early 2000s have become “retro” yet are still quite affordable.
When you’re buying an old car, provenance couldn’t be more important. If you’re able to get its full service history this will increase its value and saleability, and if you can find any connection between the car and any famous film or event you’ll be minted!
If you consider the 3-wheeler van used in “Only Fools & Horses”, the classic TV sitcom, you’ll find that these vehicles are now more valuable and collectible than you could possibly imagine due to their link with the television series.
It’s hard to anticipate which items will be popular with collectors in the future. A key marker is limited editions or vehicles where the manufacturer is no longer in business such as Saab or Triumph since this increases scarcity value. Another thing to focus on is iconic styling, although that won’t always guarantee desirability or popularity.
Condition, too, is important along with originality. If virtually every component has already been replaced, it doesn’t matter so much if the car is in great condition.
Since cars from the 1990s-2000s aren’t especially old yet, you’ll still be able to afford to buy them. How the expected adoption of electric vehicles will affect classic cars is difficult to say though since these waters are unchartered for today’s motor car enthusiasts.
The most important rule is you should purchase something simply because you love it, because it reminds you of your past or because it forms a key element of your heritage. At the moment, the market remains quite affordable so anybody can purchase an older car. However, in the future, it may be hard to find petrol to make it run.