Vintage Car Sales on Fire
During spring time, the desire to buy cars increases. While the new car segment may not necessarily confirm this trend, vintage cars do. A new study by HAGI, an industry observer who specializes in high-price cars, points in the same direction. A story by Germany’s Handelsblatt.
After a respite during the month of March 2013, the vintage car market pursued its growth last month. Since the beginning of the year, the Historic Automobile Group International (HAGI) index increased by 17.8 percent and beats the S & P Global 1200 stock index, which shows only about ten percent growth.
The 300 SL Gullwing and Roadster from Mercedes-Benz are recording brisk, worldwide sales. After a growth rate of 13.31 percent since the beginning of the year, the Mercedes-Benz Classic-index by HAGI is on fire.
Demand for historic Porsches was also very strong. The HAGI-P index, which measures the performance of the classic segment of the famous sports car brand from Zuffenhausen, has almost doubled since the the early beginnings of the monthly index back in 2009.
Early Porsche 911 models in original condition are particularly sought after. This is especially true for the original model (“Urmodell”) built from 1963 to 1973 and the early short wheelbase vehicles (up to 1968). The same also applies to the 1500 or so Porsche 964 Carrera RS built in 1991-92, which are now trading well over 100,000 Euros when they are in excellent condition.
The HAGI Ferrari F-Index on the other hand gained almost 180 points since the end of 2008. Due to limited supply, it is recommended to pay closer attention to vehicles such as the Ferrari 330 GTC/GTS that were less popular a few years ago.