Future classics likely to shine in time.
As another bright, wet, breezy, and occasionally sunny summer weekend looms, many drivers up and down the country will be embracing a pastime as unpredictable as the weather. That’s right, they’ll be taking to the roads in their pride and joy, a classic car they’ve always dreamed of. After saving for years and probably tinkering with it for even longer, they can now enjoy it whenever they like. Or at least whenever it works. After all, when it comes to the more historic elements of automotive engineering, reliability isn’t exactly a byword. Be it an Aston Martin DB5, Ferrari Daytona, or Ford Mustang, classics are notoriously temperamental.
But it’s worth it. Nothing beats rounding a sweeping bend, blipping the throttle and powering through the apex in something you know is a little bit special. But what if it wasn’t a something that didn’t require a third and fourth mortgage combined, and perhaps even reliable?
Future classics, or more accurately, newly recognised classics is where smart money could be spent. Whereas HM Revenue and Customs define a classic car needs to be at least fifteen years old, and worth a minimum of £15,000, the industry’s rules aren’t quite so clear cut. The general consensus is that if the vehicle is no longer in production, but has a certain level of following (such as a dedicated and active owners club), its likely to qualify as a classic, at least as far as insurance and some finance companies are concerned.
Take the Lada Riva. And yes, many would say take it away. But they’d be wrong to do so. Some good examples of cars bought in the early 90s have seen an incredible rise in value of nearly 400%. Other Eastern delicacies worthy of attention include the Trabant from Former East Germany. Not only are these cars rising in popularity here, but in their former countries of origin, they’re seeing a second wind that is driving a profitable export market.
It could even be argued that anyone with a big enough wallet can lay their hands on a classic Italian sports car or the like with little effort. But it takes a true enthusiast and aficionado to find the last few remaining unsung motoring heroes out there.
Like the Citroen XM. With its previous stablemates the DS and CX now classics in their own right, it’s a strong candidate to become a future star. In the last eighteen months, the price of the average Ford Capri has doubled. If that trend continues, it might be a case of buying one whilst you can still afford to do so.
Some models aren’t quite there yet, but are worth keeping an eye on. The original Audi TT is without doubt a design classic, but give it a few years and it might become something more. Early examples of Subaru Impreza Turbos are becoming few and far between, helping push values up. And look out for the ‘right’ special edition too. The 2005 Renaultsport Clio 182 Trophy was limited to 500 UK cars, and is already considered one of the greatest hot hatches of all time. That’s two good reasons for its value to rise over the next few years. You can probably let the Fiat 500 Barbie edition pass you by though.
Others like the Peugeot 205 GTI 1.6 and Porsche 944 S2 are already sought after as potential investments. Their time as affordable future classics is running out. And of course, there are two stand out stars in this category. Both the original Mini and VW Beetle have already made the transition from future classics to actual ones.
GForces have partnered with Classic & Sports Finance to deliver one of our NetDirector® Editions for sector specialists. If you’re interested in buying one of the future classics we’ve highlighted, or even something a little more coveted, check out the market intelligence section on their website.