Fords ‘beat Ferraris’
New research suggests that if you bought classic Fords in the 1990s and not classic Ferraris, you’re a savvier investor.
The Classic Car Auction Results website found that between over the past two years 1970s Fords were trading for 3.4 times what they were between 1996 and 1999 – whereas 1970s Ferraris were trading at just 3.2 times the value they were in the same time period.
So if in the 1990s you were in the market for a 1970s car, then a Ford would have offered you a higher rate of return than a Ferrari of the same period.
Findings were compiled using results from several UK auction houses, although it avoided values from rare and limited-run cars in its results.
However, CCW markets editor Richard Barnett is sceptical about Ford v Ferrari values generalisation.
‘So a Ford might have appreciated more, but which model, and compared with which model Ferrari? For example, don’t tell me a boggo spec 1.1L four-door Escort has increased in value as much as a MkI Twin Cam,’ he says.