Car sales experienced a sharp drop in 2020 because of the pandemic. With the restriction in movement, social gathering, and the initiation of remote work, the transport industry suffered a hit. Regardless, vintage automobiles still return good investment value. The classic car industry, valued at an estimated £5.5bn to UK’s economy, waxes strong. You can access reviews of the UK’s companies on BritainReviews.
Even with many hindering factors, one of which is the ban of new petrol and diesel-run cars in 2030, many classic cars are predicted to rise in value this year so investing in one is a choice you should consider. Feel free to check out online auto services UK reviews for car rentals and purchases.
Below is a variety of automobiles you should invest in.
1. Ferrari 328 (1985-1988)
2019 price: £82,300
2020 price: £80,650
Percentage change: -2%
You should not be discouraged by the dip in the price from 2019-2020. In 2010, at the turn of the decade, the Ferrari 328s rose in its price value up until 2016 when it heavily dropped 11% year. Interestingly, between the years 2019 and 2020, the supercar seems to have recovered its value and is only 2% behind. This is an indicator that it is well on its way to the top again.
2. Land Rover Discover Series (1989-1998)
2019 price: £8,500
2020 price: £9,800
Percentage change: +15,3%
This old classic has indeed been knocked off the table by a more modern car — another classic — the Range Rover. Although both SUVs share the same chassis, the Range Rover, being an improved version of the car, trumps it on efficiency. Nonetheless, the Classic Land Rover Discoveries holds it down when it comes to interior design. That and the nostalgia it evokes for being one of the first, cool family SUV makes it a collector’s favorite.
3. Porsche 944 Series 2 (1988-1992)
2019 price: £16,650
2020 price: £17,550
Percentage change: +5.4%
A vehicle list without a Porsche would feel incomplete. Even though the demand for Porsche 944 has been blazing over the roof since 2016, its buyout price is still fairly reasonable. One does not need an expert in economics to tell them that when demand rises (especially in the way that demand for Porsche 944 has), the value rises too.
4. Toyota MR2 MK.3 (1999-2007)
2019 price: £3,650
2020 price: £4,100
Percentage change: +12.3%
The Toyota MR2 MK.3 is almost a constant on classic car investment lists. It features not just UK listings, but also US versions. The car is also the cheapest on this list. At a little over £4,000, you could purchase this undervalued sports car. If you are reluctant to invest big cash for any of the other cars, the Toyota is where you should look.
5. Mini-Cooper (1961-1971)
2019 price: £24,100
2020 price: £24,100
Percentage change: 0.0%
The Mini-Coopers go for a lot of money, but the static percentage change might raise eyebrows. But you shouldn’t worry. Experts are confident that with the 60th anniversary of its launch coming up this year, 2021, things might take an impressive turn.
The year is off on a trot. If you want to make more money before it runs out, put your money where your engine is.