Hagerty Publishes Inaugural UK Bull Market List Of Classic And Modern Classic Cars Poised To Rise In Value
The Hagerty Bull Market List is an annual compilation of classic and modern-classic cars which provide the owner with a pleasurable driving experience while also predicting which makes and models could be bought without fear of them losing money.
However, the list isn’t tailored to investors, it’s aimed at people who want to find, buy and drive a vehicle they love. The standout advice from Hagerty experts is to buy any classic car with your heart as they are built to be enjoyed and driven as often as possible. Buy a car you like first and foremost, and should it deliver a healthy return financially, consider that an added bonus.
To compile the report, Hagerty analysed both its market valuation data and insurance quotes and policies, looking for indicators that suggest a car is rising in value and increasingly in demand among drivers. The UK Hagerty Price Guide also tracks auction sale results and private sales to ensure drivers can be fully informed about the value of a classic or modern-classic car.
One fundamental difference of the Hagerty Bull Market is that Hagerty experts look back at the previous year’s selection and compare the cars’ predicted values with the actual values a year later. Previously, in the US, the humble Toyota MR2 – one of the most affordable cars identified – was the strongest performer, rising in value by an average of 30 per cent. From the 2018 list, it was the BMW M3, which recorded an average rise of 20 per cent.
For the inaugural 2021 Hagerty UK Bull Market List, the selection of cars highlighted by Hagerty is wide and diverse, meaning there should be a car to suit most tastes. The 10 smart-buy classic cars are: