Prices of classic cars rise slower than in 2015 / good condition is key to value growth
In 2016 the prices of classic cars in Germany showed another modest average rise. The German Classic Car Index reached 2,516 points, which was 4.4 percent up on the previous year (2,413 points). In 2015 the growth rate was 5.6 percent. At that time the ten-year average rise was 5.8 percent – also higher than the 2016 figure.
The German Classic Car Index is determined every year on behalf of the German Association of the Automotive Industry (VDA). It is based on market observations by the valuation specialists “classic-analytics.” In order to achieve the best possible comparability, only those vehicles are included whose condition is a “2,” i.e. vehicles in a generally good condition with only slight signs of use and no defects. Vehicles in poor condition gain hardly any benefit from the positive price development, according to classic-analytics.
What is remarkable about developments in the value of individual models now as compared with 2015 is the sudden strength of two Mercedes-Benz vehicles from the 1950s. Practically ignored for many years, the Mercedes 190 “Ponton” has now made a huge leap to the top of the table. Third place goes to the Mercedes-Benz 190 SL. With its similar appearance, its price development is following that of the legendary 300 SL. The Toyota MR2 took second place, once again showing that Japanese sports cars enjoy growing popularity among German classic car enthusiasts.
The German Classic Car Index has been calculated since 1999. The absolute champion in long-term value development is the popular Volkswagen Type 2 bus. The Citroën 2CV has the second-best percentage result since 1999. Third place in value growth since 1999 goes to the Mercedes-Benz 300 SL “Gullwing.” The only newcomer in the top ten is the Mercedes-Benz W 123, a volume model in the upper middle segment, which was produced from 1975 to 1986 and now made it to eighth place.
The German Classic Car Index was launched to provide information about trends in classic car prices in Germany. The calculations take into account only vehicles that are common on the German market. Vehicles that are especially expensive due to their rarity or their history are not included in the index. The VDA and its partner classic-analytics have developed a model that avoids influence from spectacular individual cases as far as possible. For the index 88 representative vehicles were selected to obtain the best reflection of the many types in the statistics of the German Federal Motor Transport Authority (KBA). When the index is determined, the individual vehicles are weighted depending on their registration figures. The index is calculated only once a year, because otherwise seasonal variations could distort the overall picture.