‘English clas­sics still have po­ten­tial’

Classic Car Weekly (UK) - - This Week - NICK WHALE MAN­AG­ING DIREC­TOR, CLAS­SIC CAR AUC­TIONS

‘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.’

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