My 'Modern Classic' Market Update

Three of the Greats That are in high demand Globally

As 2016 draws to a close we can take a look back at how the year has fared in the classic and sportscar market. Large political changes in the UK, Europe and more recently in the US, have rocked the financial world. Sterling has taken a tumble which has distorted the international trade of desirable cars. If you are in the UK with a globally recognised collectible car, then chances are it has risen in value, at least in sterling terms.

Ford Escort RS Cosworth

Ford Escort RS Cosworth

I’ve taken a look back at a selection of cars that I identified two years ago as being cars to watch and aim to buy. One of those has experienced a startling 90% increase in value over that period, it is the Ford Escort RS Cosworth. Fast Fords have always had appeal, but in the last few years it seems that more collectors are jumping on the Cosworth bandwagon and buying the greatest, low mileage examples when they become available. My own view is that the majority of these new entrants actually have the more exotic and expensive cars sitting in their collection and are now exploring hot hatches from Ford and other marques. The RS Cosworth has a clear motorsport link from competing in the WRC and other rally championships. We identified it back in October 2014 and a ’93 88,000 mile Ford Escort RS Cosworth would have cost £21,000. Now, a similar car will cost £40,000.

BMW M3 Sport Evolution II

BMW M3 Sport Evolution II

In second place comes the BMW M3 E30, the original and some say the best of the BMW M Performance bunch. It modern terms it is underpowered and simple, but for many who adore classic cars, these aren’t negative attributes. The motorsport history of the car, winning countless touring car championships in the 80’s and 90’s have sealed the E30 M3’s place amongst the greatest cars of all time. We featured it back in December 2014 and a ’88 49,000 mile BMW M3 E30 would have cost £30,000. Now, a similar car will cost £55,000 which represents a 83% increase in value.

Porsche 911 Turbo (993)

Porsche 911 Turbo (993)

The third most high performing car over the period will come as no surprise to many, it is a Porsche 911 derivative, this time the all weather supercar from the late 90’s, the 993 generation Turbo. It is most developed air cooled 911 Turbo, the engineering and development that went into this model was unprecedented. The body styling is regarded by many as the perfect blend of modern and classic 911. We featured it back in November 2014 and a ’96 42,500 mile Porsche 993 Turbo would have cost £80,000. Now, a similar car will cost £130,000. Prices have risen a staggering 63%. The 933 Turbo has always been sought after but now it seems even more want to experience it for themselves.

The cars highlighted above represent a small selection of what we have featured since we started three years ago, most of which have seen significant gains. The next update will look at my predictions for 2017 and beyond.

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