If you look at vehicle offers in the classic car markets or at classic car fairs, the prices usually seem quite high. You can often remember when the same model cost half the price or even less.
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In fact, prices for classic cars rose steadily until the mid-2010s, but since then (with exceptions) they have flattened out considerably, and some classic cars even lost value between 2017 and 2022 (and beyond), albeit usually to a lesser extent. So old cars are still expensive today.
However, if you compare the price trends of classic cars with those of new cars, you will quickly realize that old cars have become considerably cheaper. According to ADAC research, new small cars became 44.3% more expensive between 2017 and 2022, small cars by 30.1%, lower mid-range cars increased in price by 21.3% and upper mid-range cars by 18.7%. The price increases in the luxury class were comparatively moderate, with prices rising by only 12.4%.
And of course, these price rises have not stopped in 2022; new cars have also become increasingly expensive in the past two/three years.
At the end of the day, however, the new car does nothing different from the classic car, it drives from A to B. But they are on average 24.61% more expensive than a few years ago, while classic cars have become at most minimally more expensive or even cheaper. Which means they have become significantly cheaper.
For the price of a new VW Golf VIII (just under EUR 30,000), you can now also get a very well-preserved Alfa Romeo 2000 Spider Veloce or a Porsche 944 S2. Even a Jaguar E-Type is within reach if you don't fancy a model from the first series. British classics from the fifties and sixties in particular have lost a lot of ground in recent years and have become accessible again.
Perhaps we should take a closer look at the vehicle market again? And if you want to find out about prices first, we recommend our vehicle valuations (in cooperation with Classic Data).