Classic Car Values Slightly Lower in January 2017

Posted By Dmitriy Shibarshin on February 10, 2017 at 5:00 AM

Classic 911 Porsche Values

HAGI's (Historic Automotive Group International) last index shows classic car values slightly lower in the first month of 2017. Their Top 50 benchmark index, which tracks the most prestigious classic cars, was down just 0.40%. 

The HAGI maintains indices for classic cars in the high end market, and keeps track of values on Ferraris, Porsches and Mercedes. 

HAGI top index January 2017.pngSource: HAGI

Porsche fell 2.15%, Mercedes-Benz 1.47%, and all marques in the top index were down by 1.41%. Unsurprisingly, Ferrari continued to see growing values on its rare and collectible classic cars - the Ferrari index was up 1.57%.

However, both Dietrich Hatlapa and Hardy Sohanpal of the HAGI expressed concern with lower end Ferraris. They state, "Most Ferrari types with production numbers in the 100s or higher continue to experience price pressure and low turnover."

What ever the case may be, thousands of classic car buyers around the world remain confident that classic car values will grow in 2017.

Source: Historic Automotive Group International 

Topics: Classic Cars, Market Trends

Subscribe to our Newsletter

Shipping Calculator

RSS Feed

Insane 900hp Corvette C7.R from Gumball 3000

When Chevrolet participates in endurance racing it uses the Corvette C7.R race car which produces just under 500hp. Apparently the horsepower was not enough for the owner of this Corvette C7.R...Read more

10 Incredible Cars For Sale At This Year's Monterey Car Auctions

Photo Courtesy of RM Sotheby's It's that time of the year again when thousands of incredibly special cars go on sale in California. Taking place each year, the Monterey Car Auctions attract...Read more

What the Proposed 2040 UK Ban on Internal Combustion Engine Vehicles Means For Classic Cars

The UK government has announced a plan to ban the sale of new vehicles powered by internal combustion engines starting in 2040. They also plan to impose further taxes on high polluting vehicles, and...Read more