‘English classics still have potential’
‘Iconic modern classics are without doubt experiencing a bit of a boom period. Fast Fords are proving to be the most popular with our customers and I predict that their prices will continue on an upward trend this year. BMW E30 M3s are also expected to see a rise in value, as are traditional English classics such as Austin-Healeys – which have been undervalued for a long time – Jaguar XKs and E-types, and the Jensen Interceptor.
‘ That said, we’ve seen a number of cars starting to lose steam in the market, including some Ferraris such as the 308, 328, 550 and Testarossa. I’m also expecting values for the Porsche 993 Turbo and 997 RS models to cool down later this year.
‘Despite the general feeling of uncertainty triggered by the whole issue of Brexit, the general outlook for the classic car market remains positive on the whole. Favourable exchange rates will continue to attract buyers from overseas, and while interest rates look set to remain poor in the UK, people are continuing to look for alternative investment opportunities, something that the classic car market can certainly offer them.’