An interesting article on classic car prices.
Analysis by Hagerty’s market experts showed an overall shift downwards in mean values, dropping by 0.47%.
However, modern classics in particular bucked the trend, recording increases in average values between May and August 2020. These were the top five making a climb.
Volkswagen Mk1 Golf GTI 1.6 – 13.82% increase
Perhaps the launch of a new Mk8 Golf GTI this year by Volkswagen has stirred up sentimental memories. In a chaotic world, there is something reassuring about the ever-present Mk1 GTI.
In particular, it is the earliest 1.6-litre versions of the Mk1 GTI that have seen the marked growth in values. Average prices for these rose from £15,200 to £17,300.
Interesting times ahead!