As the world moves into 2023, classic and vintage car enthusiasts are on the lookout for automobiles that may appreciate in value from emerging modern classics to vintage now certified classic cars. The increasing appeal of these vehicles is driven by various factors, such as rarity, historical significance, design aesthetics, and mechanical engineering excellence.
Among the numerous contenders vying for attention in this exclusive market segment, Hagerty—a renowned classic car insurer—has identified ten models from prestigious manufacturers that are likely to see a rise in value. This article delves into five of these promising investments: the Audi TT Quattro Sport MkI (2005-2006), Austin Seven (1923-1939), Bentley Turbo R (1985-1997), Citroen BX (1982-1994), and Ford Fiesta MkI (1977-1983).
To provide an accurate assessment of each vehicle’s potential for appreciation, it is crucial to examine both qualitative and quantitative aspects driving their collectibility. Factors such as limited edition production runs, brand cachet associated with luxury or sports car status, iconic designs representative of a specific era or style movement contribute significantly to a vehicle’s desirability among collectors.
Moreover, insights from industry experts can shed light on market trends and nuances that influence investor sentiment towards particular models. In this pursuit of understanding these underlying factors driving future valuation prospects for these vehicles, this article presents detailed information about each model alongside expert opinions on investing in them effectively.
So if you’re looking for some car-buying insights for investing in cars in 2023, these are 5 cars expected to rise in value in 2023.
Audi TT Quattro Sport MkI 2005-2006
Undoubtedly, the Audi TT Quattro Sport MkI 2005-2006 exemplifies an extraordinary blend of exclusivity and performance, making it a highly sought-after collectible poised for a remarkable appreciation in the coming years.
This sporty coupe was released in 2005 and was a special edition of the first-generation TT that had more power, less weight, and a distinctive look. It had a limited production of 1,165 units, with 900 sold in the UK. Car insurance firm, Hagerty, says a ‘huge price rise is unlikely, but it should continue to creep up’. Values currently stand at an average of £10,075, according to Car Dealer Magazine.
The Quattro Sport is considered a future classic by many car enthusiasts and could rise in value in the coming years. The Audi TT Quattro Sport MkI’s rise in value can be attributed to its status as a sports car from a prestige manufacturer, instantly recognizable by its iconic shape and style.
Hagerty has only been tracking prices of the Quattro Sport since the beginning of the year and in that time average values have only risen from £9,950 to £10,075.
Furthermore, the growing recognition of this model’s potential for long-term value growth has led to increased attention from collectors and investors alike. With only a limited number of these vehicles produced within just two years, scarcity plays a significant role in driving up demand and consequently contributing to their anticipated appreciation.
The Audi TT Quattro Sport MkI 2005-2006 holds immense potential for those looking to invest in collectible automobiles with promising future returns. Similarly, another classic vehicle capturing the attention of collectors for its affordability and historical significance is the Austin Seven 1923-1939.
Austin Seven 1923-1939
The Austin Seven, with its production spanning from 1923 to 1939, offers an accessible entry point into the captivating world of vintage, pre-war automobiles. As one of the cars expected to rise in value in 2023, this small yet influential car has become an emerging modern classic among collectors and enthusiasts alike.
According to Hagerty, the humble Seven provides “an inexpensive gateway into the vintage, pre-war car scene and also makes for a refreshing antidote to modern cars”. The Austin is renowned for being simple and easy to run and repair, as well as being jam-packed with character, they provide an inexpensive gateway into the vintage, pre-war car scene, says This Money.
The Austin Seven 1923 is considered a rare and desirable collector’s car and could fetch up to £15,000 or more depending on the condition and provenance, says Silodrome. It is also an inexpensive gateway into the vintage, pre-war car scene and makes for a refreshing antidote to modern cars, according to Hagerty.
The Austin Seven 1923 was the first model of the series and had a 696cc side valve engine with 7.2 hp, a three-speed gearbox and four-wheel brakes. It had a two-door tourer body style and was available in various colours. It was very successful and sold well both in Britain and abroad.
The Austin Seven’s compact design and affordability during its time made it a popular choice for motorists, ultimately contributing to the growth of the British automobile industry.
As values for these iconic vehicles continue to appreciate, potential investors should consider several factors when purchasing an Austin Seven. Ensuring that the vehicle has been well-maintained, possesses original parts or period-correct replacements, and retains documentation of service history will contribute positively to its future value.
For those seeking a relatively affordable yet historically significant vehicle that harkens back to a bygone era of motoring elegance, look no further than investing in an Austin Seven before turning their attention towards other potential investments such as Bentley Turbo R 1985-1997.
Bentley Turbo R 1985-1997
As a prominent emblem of luxury and performance, the Bentley Turbo R (1985-1997) represents a promising investment opportunity for discerning collectors seeking a prestigious automobile with potential for appreciating worth in the coming years. When the Bentley Turbo R was introduced in 1985, it had the same turbocharged engine as the Mulsanne Turbo and showed a performance side to the firm that helped to set it apart from rival Rolls-Royce, says Car Dealer Magazine.
It also had improved suspension, alloy wheels and wider tyres. It later got anti-lock brakes and fuel injection. The Turbo R was popular at auctions and had a slow but steady rise in value. Currently, top values for this model hover around £50,000, but experts anticipate further escalation due to its limited production run and increasing market interest. In 2022, values were steadily rising, and are now back to an average of £15,400. It could reach up to £20,000 in the next few years.
The Bentley Turbo R’s rise in popularity can be attributed not only to its luxurious lineage but also to its impressive performance capabilities and iconic design features. As an increasingly sought-after collectible car, it is imperative that enthusiasts pay close attention to factors such as mileage, service history, and engine specifications when considering an investment.
It is clear that the Bentley Turbo R occupies a significant place among other rising stars such as the Citroen BX (1982-1994), which is anticipated to experience modest gains in coming years while offering unique charm and character within the world of classic automobiles.
Citroen BX 1982-1994
Manifesting a distinctive blend of innovative design and engineering prowess, the Citroen BX (1982-1994) is poised to witness a gradual appreciation in its market worth, driven by growing collector interest and potential high-profile sales. The Citroen BX 1982 was the first model of the series and had a 1.4-litre petrol engine with 62 hp or a 1.6-litre petrol engine with 90 hp. It had a five-door hatchback body style and was available in various trim levels, such as RE, RD, TRD and GT, says Classics Honest John.
The BX isn’t one likely to rise dramatically in price, but Hagerty says it’s ‘expecting values to increase slightly, probably keeping pace with inflation’. The BX is described as a car that ticks numerous boxes in 2023: bargain prices, modern car utility, iconic 1980s design – and is one that many enthusiasts and could more than likely fetch up to £5,000 or more depending on the condition and rarity.
Hagerty says the classic is absurdly low-effort to drive, much like a modern car in fact, but packed with character, and in diesel form, running costs should be low too, with 60mpg well within reach.
Hagerty’s observations on value trends suggest that this vehicle has already experienced a modest increase in value by £25 within a year, indicating that it is expected to rise further in the coming years. In 2022, the average price increased by a modest £25 to £2,150, with values expected to increase slightly in line with inflation, according to Express.
In order for collectors and investors alike to capitalise on this expected increase in value, it is crucial to focus on well-maintained examples with comprehensive service histories.
As interest continues to grow around vintage cars like the Citroen BX, it becomes increasingly important for enthusiasts to stay informed about market trends and seize opportunities when they arise.
With keen attention paid to these considerations, collectors can look forward to reaping the rewards of their investment when transitioning into subsequent vehicles such as the Ford Fiesta MkI 1977-1983.
Ford Fiesta MkI 1977-1983
Captivating the hearts of automotive enthusiasts, the Ford Fiesta MkI (1977-1983) stands as a prime example of a classic hatchback with appreciating market potential in the forthcoming years.
This supermini was launched in 1977 and was Ford’s first front-wheel drive car. It had various engine options, ranging from 0.9 to 1.6 litres, and different trim levels, such as Popular, L, Ghia, S, XR2 and Supersport. The Fiesta was an instant success and became one of the best-selling cars in Europe. The performance models, like the XR2 and Supersport, are already rising in value, but even the humbler versions could see a significant increase in the future, according to Topgear.
In recent times, this iconic model has experienced an upward trend in value, particularly for performance versions such as the Supersport and XR2. Hagerty says, “Even for humbler cars like our 1.1 Popular Plus, prices are on the way up – a pre-Covid average of £3,625 has risen to £4,325, not much in monetary terms but still a 19 per cent increase.” The insurer reckons that when a sporting Fiesta makes a ‘record price’, that will ‘pull up the values of all early, high-quality standard model Fiestas’.
These figures suggest that even humbler variants within the Ford Fiesta MkI range are projected to increase slightly in value over time. The current average price for these vehicles showcases their growing appeal among collectors who yearn for an authentic driving experience reminiscent of past decades.
The Ford Fiesta MkI offers simplicity and character that is becoming increasingly sought-after in today’s market. With continued interest and appreciation for this classic hatchback, it is anticipated that values will continue on an upward trajectory as more enthusiasts recognize its timeless charm and potential investment opportunities.
The Ford Fiesta MkI’s escalating market appeal highlights the potential benefits for collectors and enthusiasts who choose to invest in such classic vehicles.
As one of the top ten cars expected to rise in value in 2023, the Ford Fiesta MkI joins an esteemed group that includes models like the Audi TT Quattro Sport MkI, Mercedes-Benz SL R129, Lotus Elise S2, and Lamborghini Diablo. These vehicles have caught the attention of investors and collectors alike due to their unique features, limited production numbers, and increasing rarity.
– Audi TT Quattro Sport MkI: A limited-edition sports car with a distinctive design
– Mercedes-Benz SL R129: A luxurious convertible with a prestigious lineage
– Lotus Elise S2: An iconic British sports car known for its lightweight construction and agile handling
– Lamborghini Diablo: A supercar representing the end of pure-blood Lambo lineage
Enthusiasts seeking valuable automotive investments should consider these models as they demonstrate promising trends in appreciation.
Their rising values indicate not only their desirability among collectors but also their potential as profitable investments in the future.
Investing in classic cars like the Ford Fiesta MkI and its contemporaries can yield significant returns while providing owners with a distinct driving experience steeped in automotive history.
Undoubtedly, the allure of these classic automobiles as promising investments is further enhanced by their distinguished design, rich heritage, and unparalleled driving experiences, making them highly coveted treasures within the automotive world.
As we approach 2023, it is evident that certain cars are expected to increase in value, affirming their status as desirable assets for collectors and enthusiasts alike. The top five cars predicted to appreciate in value include the Audi TT Quattro Sport MkI 2005-2006, Austin Seven 1923-1939, Bentley Turbo R 1985-1997, Citroen BX 1982-1994, and Ford Fiesta MkI 1977-1983. These vehicles embody a unique blend of rarity and prestige which contributes to their anticipated appreciation.
Investing in classic cars with the potential to increase in value presents an exciting opportunity for those who appreciate both the historical significance and aesthetic appeal of these iconic machines. As we look towards 2023 and beyond, it is crucial for prospective buyers to be mindful of factors such as service history and condition when considering these investments. By doing so, they can ensure that they are selecting models with a strong potential for appreciation while also enjoying all the benefits that come with owning a piece of automotive history.
Frequently Asked Questions
What factors should I consider when investing in a car expected to increase in value?
When investing in a car expected to appreciate in value, it is crucial to consider several factors that contribute to its collectible appeal. These factors include limited edition models, the prestige of the manufacturer, sports car status, and instant recognisability.
Additionally, investors should pay attention to service history, condition, mileage, and engine specifications as these aspects can significantly impact the future value of a vehicle.
Moreover, examining market trends and demographics can provide valuable insight into potential demand for specific models. Lastly, seasonal fluctuations and economic variables may also affect the appreciation potential of classic cars; thus, carefully monitoring these factors is essential for making an informed investment decision.
How can I keep track of the market trends and predictions for classic cars?
In order to keep track of market trends and predictions for classic cars, it is crucial to regularly monitor reputable sources such as Hagerty, Classic Driver Magazine, and other publications that specialise in vintage automobiles.
These outlets provide insights into the fluctuating values of collectible vehicles, highlight emerging trends among enthusiasts, and offer expert opinions on potential future classics.
Furthermore, attending car auctions and following relevant online forums can also prove invaluable in staying informed about market developments.
By consistently engaging with these resources, investors can make well-informed decisions when selecting classic cars with promising appreciation potential.
Are there any specific maintenance tips to preserve the value of these cars?
In order to preserve the value of classic cars expected to increase in value, it is essential to adhere to specific maintenance tips.
Proper care and attention should be given to their exteriors, interiors, mechanical components, and electrical systems.
Regularly cleaning the vehicle’s exterior and interior can prevent damage from dirt and debris while protecting its paintwork and upholstery.
Additionally, routinely inspecting for signs of corrosion or rust is crucial in maintaining structural integrity.
Ensuring that all mechanical components are well-lubricated and functioning optimally is vital for preserving performance capabilities; this includes regular oil changes, fluid level checks, and timely replacement of worn parts.
Furthermore, proper maintenance of electrical systems such as wiring harnesses and connections can prevent potential malfunctions.
Lastly, owners should strive to maintain a comprehensive service history with detailed records of any repairs or restorations undertaken on the vehicle; this documentation serves as an invaluable resource when establishing provenance during future sales transactions.
What are the insurance implications of owning a collectible car that is expected to increase in value?
Insurance implications for collectible cars expected to appreciate in value necessitate careful consideration by owners. As the market value of these vehicles increases, it is vital to ensure that their insurance coverage reflects this growth and offers adequate protection against potential financial loss.
Owners should opt for specialized classic or collector car insurance policies, which typically offer agreed-value coverage, meaning that both the owner and insurer agree on a fixed value for the vehicle at the time of policy inception. This type of coverage ensures that owners receive full compensation in case of total loss or theft, rather than being subjected to depreciation calculations like those applied to regular auto insurance policies.
Additionally, it is crucial to regularly review and update the insured values as these vehicles appreciate over time in order to maintain appropriate levels of protection.
How do limited production numbers affect the appreciation potential of a car?
‘As rarity is the mother of value,’ limited production numbers play a significant role in the appreciation potential of a car.
Automobiles with restricted manufacturing quantities generate a sense of exclusivity, thereby piquing collectors’ interest and driving up demand. Consequently, this heightened desirability often results in increased market valuations over time.
In addition to rarity, other factors such as brand prestige, historical significance, technical innovation, and overall condition contribute to the appreciation potential of a vehicle. However, it is essential for prospective investors to conduct thorough research on various market trends and consult reliable valuation sources before making any investment decisions involving collectible automobiles.