Apparently, Hagerty’s Classic Car Index seems to reveal an easing of the growth that had been seen in the value of classic cars in recent years. No doubt this is something that will particularly interest classic car enthusiasts who buy such a vehicle as an investment.

When Hagerty compared the value of 50 classic cars that it monitored between December 2018 and December 2019, it found that the value of 17 were unchanged, 10 had dropped in value and 23 had risen in value.

It will be interesting to see what happens to classic car values in the coming months bearing in mind the pandemic. Could we see values dropping due to the impact of COVID-19 on people’s income and investments? There may be some people who bought a vintage vehicle some years ago who, for financial reasons, are now faced with having to sell their classic car to raise capital to make up for a loss of income due to being made redundant caused by the pandemic.

As a general rule, the more classic cars that come onto the market means that sellers are less likely to get the price for their vehicle that they would have done say a couple of years ago.

Of course, there are no doubt always going to be certain makes and models that will increase in value over time. These will tend to be the classic cars that are extremely rare that will appeal to those classic car enthusiasts who are very wealthy.

As to the future value of classic cars in general, it is difficult to predict what will happen in the next few months. Like a number of other types of invcstment, there are various factors that can affect values.

We will endeavor to continue to keep our readers up to date with significant changes in the value of classic cars both here in the UK and in other countries around the world.