Ten cars that could rise in value this year – is yours on the list? | The Sun

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THE top cars that will rise in value this year have been revealed – is yours on the list?

Investing in a classic car may be more profitable in the long run than collecting works of art or jewellery.

Historic car expert Hagerty announced their annual UK Bull Market List at the end of last year.

And ten classic and modern classic cars are going to increase in price this year.

They spent months identifying cars from all eras that offer a great ownership experience while using their industry data to determine which models may appreciate in value.

John Mayhead, Editor of the Uk Hagerty Price Guide, said to The Daily Express: "Every year, our Valuation Team analyses thousands of transactions from our two million insured vehicles, auction results and dealer sales to see what is on the move.


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"The Bull Market list identifies those cars that may be rising in value, so if you want one, now may be the time to start your search.

"This year, as ever, we have a really interesting mix of cars to suit all pockets and areas of the hobby, from a veteran car all the way through to a modern classic supercar. 

"We’ve also included a couple of very different British roadsters.

"As ever, working through the data to compile this list has been a highlight of the year."

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These are the cars that are rising in value this year.

Citroën BX, 1982 – 1994

The BX is hailed as a vehicle that checks off many boxes in 2023, including affordable prices, contemporary vehicle usefulness, iconic 1980s styling, and a genuinely endearing and soothing drive.

Hagerty claims this car is incredibly easy to drive, much like a modern car.

In 2022, the average price increased by £25 to £2,150, but it's expected to increase more due to inflation.

Saab 99 Turbo, 1978 – 1980

According to the Hagerty Price Guide, the Saab can be bought for £4,1000 in fair conditions or up to £21,700 in "Concours".

The company has estimated that the price could reach £30,000 within a couple of years.

The Saab 99 Turbo 145 PS claimed top speed is 195 km/h / 121 mph.

Triumph Spitfire, 1962 – 1980

The Triumph Spitfire was launched in 1962 and aimed to compete with the Austin-Healey Sprite, but in the same year, another rival also surfaced – the MGB.

It can be found for as little as £2,800.

Hagerty said about this car: "It’s a car you can enjoy driving, gain that glowing sense of satisfaction that comes from accomplishing DIY tasks, and all the while your money is tied up in a stable investment.

"Over the long term, values have been static, but there are signs good Spitfires are taking off."

Lotus Elise (S2), 2000 – 2010

A more recent classic on the list, the Lotus Elise is a two-seat, rear-wheel drive, mid-engined roadster conceived in early 1994 and released in September 1996.

Hagerty said the “clever money” was on the Series 2 model, which is frequently less expensive to buy but is a better car in many ways.

A Lotus Elise S2 can be purchased for under £20,000 in the UK.

And it has soared by 34% in the last two years.

Bentley Turbo R, 1985 – 1997

The Bentley Turbo R is a high-performance automobile which was produced from 1985 to 1999. 

The Turbo R is currently a little below its 2020 peak of £16,800, which seemed to benefit from the post-lockdown “revenge-buying” boom.

In 2022, the Bentley Turbo R cost approximately 15,400.

Audi Quattro Sport

The Audi Sport Quattro was a low-volume supercar produced as a “homologation special” so that Audi could use the car in their factory-backed assault on the FIA World Rally Championship.

Wheels were unique, 18-inch 15-spokes wrapped in 235/40 tyres, and there was a two-tone colourway.

They say: "We’ve only been tracking the Quattro Sport since the beginning of the year, but in that time, average values have risen from £9950 to £10,075."

Austin Seven, 1923–1939

The Austin Seven is an economy car that was produced from 1923 until 1939 in the United Kingdom.

Any Austin Seven should be capable of running all day at 40-45 mph if it is in good tune and condition.

This car could cost between £8,700 to £21,100.

In 2021, the Austin seven cost £10,125, but in 2022 that number climbed to £14,125.

Ford Fiesta (Mk1), 1977–1983

The Ford Fiesta Mk1 is the first generation of the Ford Fiesta supermini and it was introduced in 1976.

Hagerty said: "The Fiesta’s an instantly recognisable classic and the prices of performance models, like the Supersport and XR2, are already rising.

"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% increase."

Lamborghini Diablo, 1990–2001

The Lamborghini Diablo is a high-performance mid-engine sports car built by Italian automobile manufacturer Lamborghini between 1990 and 2001.

Hagerty said: "Diablo Hagerty Price Guide values have been flat for some time across the model range and are currently sitting between an average of £137,500 for a standard car to £179,250 for an SV. 

"45% of owners are from Generation X (compared with 31% across all cars), a group who are now at peak earning capacity and median quoted values have soared in 2022 from £214,000 last year to around £260,000 now."

Mercedes-Benz SL500 (R129), 1989–2001

The Mercedes-Benz R129 SL is a roadster which was produced by Mercedes-Benz from 1989 until 2001.

Hagerty says: "There are plenty of SLs to choose from, and that is perhaps reflected in the number of ‘no sales’ seen at auction.

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"However, prices have been on the rise for the cars that have been snapped up; the post-lockdown average of £14,550 has now risen to £17,475, a 20% increase."

Hagerty believes that a further average rise across the board of 20% over the next two years would not be unexpected.

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