The latest update of the UK Hagerty Price Guide shows that the world’s most valuable cars continue to become more valuable, and that the young drivers of the ‘80s and ‘90s are reliving their youth and snapping up hot hatchbacks.
Launched in 2012 it tracks the values of cars from £multi-million exotics to humble hatchbacks, collating the results of auction sales, dealer sales and in some cases private sales, to help build a true picture of the financial value of a car.
Each quarter, the latest valuation data is applied to the guide, freely available through Hagerty’s online valuation tool, with 15,000 makes, models and year of vehicles now listed.
Hagerty has formed seven bespoke indices within the guide, the first of which is the representative Classic Index, a group of 50 cars selected by to best reflect the average UK classic car market, including cars as diverse as the Ford Capri, Datsun 240Z and the Daimler 250 Dart.
Hagerty has highlighted some of the key takeaways from the 31st update of their guide and hot hatchbacks were the top gainers throughout 2021, and still retain second place. Such cars as the Ford Escort XR3i, the Vauxhall HS Chevette and the MG Maestro Turbo all made big gains.
The Best of British Index saw a few key cars on the list reduced in value, such as the Austin-Healey 100, the Sunbeam Tiger, and the Jaguar XK120, while the value of other key cars, like the Aston Martin DB5, remained relatively flat. But over the past 12 months, the list was pulled up by a handful of cars that soared in value, including the Ford Sierra RS500 Cosworth that rose 41 per cent in the last year alone.
The Festival of the Unexceptional Index has struggled a little in overall terms, with the index now at about 90 per cent of its value of 2018. That said, every car in the Index rose or remained static in the last year, with some, such as the Vauxhall Viva HB, the Citroën CX S2 and the British Leyland Princess 1800, all rising over 10 per cent in the same period.
Words by Mark Slack
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