"WE HAVE SEEN MANY OF THE UK AUCTION HOUSES SETTING REALISTIC GUIDE PRICES"
and AUD$205,800 respectively. However, when we looked at advertised values the average is AUD$200,000 and the top advertised value is AUD$345,800.
“We believe that some sellers’ expectations are still higher than the market will bear, and we caution against using advertised values as a guide to valuing your car for insurance purposes or otherwise. That said, this autumn, we have seen many of the UK auction houses setting realistic guide prices which their customers seem to be accepting; this is good for the market in the long run.
“The Porsche market is interesting. Porsche 911 values have generally followed the same trajectory as those noted above (swift rise followed by correction) but the market is six months to a year ahead of other cars. For example, two years ago values of Porsche 911T hit their peak. This time last year they had dropped by around 10% (our top value was AUD$140,000), but now are climbing back up again (current top value AUD$150,800). On the other hand, Porsche 924 values are on the rise: one very low mileage, pristine example sold for an astonishing AUD$72,638 at the RM Sotheby’s Porsche Anniversary Sale in the US. While the HPG hasn’t reflected what is considered to be an anomaly for this car, we’ve seen plenty of more run-of- the-mill examples of the 924 achieve strong sales.
"The 924 is an example of a classic that combines style and value for money with usability. Enthusiasts, and we believe this is especially true of those who have bought their first classic in the last few years, like cars that drive more like a modern car, have good parts supply and can be used for different events such as taking the family to a show or road rallying. Lancia Fulvia coupes, Alfa Romeo 105-series cars, Fiat 500s, early Ford Escorts and BMW 2002s all fit this description and have all continued to rise in value.”
Marketing Director Marcus Atkinson also noted: “We’re continuing to expand the UK Price Guide and it remains free to access online. In this update we added over 60 new model guides to the hundreds already in the guide, providing historic information and buying tips. We’re constantly revising the guide and aim to update it quarterly.”