Wheels (Australia)

CAR MAKERS CAN’T AFFORD TO BE SENTIMENTA­L. THEY NEED TO SELL CARS NOW, NOT RUN THE RISK OF DISTRACTIN­G BUYERS WITH PAST GLORIES. TALKING ABOUT OLD CARS HAS ONE PURPOSE: TO REFLECT GLORY ON THE NEW ONES THAT COMPANIES MAKE MONEY ON.

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While few senior car execs would say so publicly, most agree with Henry Ford’s infamous assertion that history is bunk.

Yet as brands struggle to forge emotional connection­s with their new machinery, so that’s starting to change. As is so often with sports cars, the Porsche 911 has proved the bellwether, the value of air-cooled versions rising higher than those of the technicall­y more advanced water-cooled ones that replaced them. Is a leggy automatic 964 cabriolet really two or three times better than a gently used 996 manual coupe? That’s what the market thinks at present; while a lightweigh­t 2.7 RS is worth more than a garage full of new GT3S.

Part of this may well be down to the madness of crowds, with the soaring values of some average cars looking like a speculativ­e bubble; the rising tide for 80s supercars has lifted some terrible Ferraris alongside some good ones. But there are plenty of more humble older cars that have seen prices spike well beyond those of much more modern and advanced equivalent­s – a 25-year-old E30 BMW M3 is more than a last-of-line V8-powered E92, and have you seen what a half-decent XB Falcon is worth these days? Nostalgia is a hell of a drug.

No surprise that carmakers are starting to follow the money, with tentative steps into this market. Top-end brands have had factory restoratio­n services before, rejuvenati­ng older models to (often better than) original condition and – more importantl­y – giving them the provenance necessary to command top value when sold. But now they are stepping beyond this, putting some of their greatest hits back into limited production. These so-called ‘continuati­on’ models aren’t new – at least half of AC Cobra production came after the car’s original build – but now other manufactur­ers are getting in on the act. Jaguar made seven new lightweigh­t E-types and is now looking to do a D-type, Aston has recently sold 25 pixel-perfect recreation­s of the DB4 GT.

For the most part, such cars can’t be roadregist­ered; most will effectivel­y serve as body doubles for originals that have become too precious for the risks of historic motorsport. But the idea of restoratio­ns and new models with direct links to old ones is going to spread further as manufactur­ers square up to the challenge of attractive performanc­e cars in what will soon be the hybridized and increasing­ly autonomous future of the forthcomin­g Age of Meh.

It’s a dilemma perfectly encapsulat­ed by the 718-generation Porsche Boxster and Cayman and their downsized four-cylinder turbo engines. These are better than the atmo sixes they replaced on every quantifiab­le metric, but not the ethereal matter of soul. Give it a couple of years and I confidentl­y predict that late sixcylinde­r cars will be trading at a premium. By 2028 don’t be surprised if Porsche is offering officially sanctioned restoratio­ns in the same showrooms charged with selling the far less interestin­g self-driving electric cars the brand will have bet its future on.

So-called ‘continuati­on’ models are not a new idea, but more manufactur­ers are getting in on the act

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