Press Releases

Slower value growth for historic vehicles

Berlin, 07 March 2013

Growth in the value of historic motor vehicles in Germany slowed down markedly in 2012. The average values of historic vehicles rose by a moderate 4.2 per cent last year, according to the latest German Classic Car Index for 2012, which is published by the German Association of the Automotive Industry (VDA). In 2011 the Classic Car Index added 9.3 per cent. In 2012 it rose from 1,941 points to 2,023. This meant that the index exceeded 2,000 points. The German Classic Car Index was initially set at 1,000 points in the year 1999.

The new ranking of vehicles with the strongest value growth during the last 12 months is headed by what is probably the most famous German car ever: the VW Beetle. The Beetle 1300, produced from 1967 to 1973, enjoyed the greatest increase in value in 2012. Second place went to the Chevrolet Camaro, which was built from 1978 to 1981. Although at the end of the 1970s this vehicle was being imported into Germany in small numbers through the Opel dealer network, today more of these muscle cars are arriving from the USA. In third place comes the Alpine A110 sports car, also known as the Renault Alpine. Fourth and fifth places are filled by the Volvo P121, called the “Volvo Amazon” in Sweden, and the Renault R16. Marked increases in value are noticeable among very many earlier large-series models. For example, more than 20 million VW Beetles rolled off the production lines, and the Renault 16 and the Chevrolet Camaro were both built in quantities of several millions.

Germany’s individual country score climbed from 2,551 points to 2,670. Strong growth was also seen in the value of classic cars from France, Italy and Sweden. Vehicles from the US and Japan increased in value only slightly. By contrast, historic vehicles from England seem to have passed their peak, as their sub-index fell for the first time since the records began.

The German Classic Car Index is published annually by the German Association of the Automotive Industry. The information service "Classic-car-tax” in Castrop-Rauxel provides the data necessary for calculating the index, which has been published since 1999. It is based on data about changes in the prices of 88 different vehicle types from seven manufacturing nations, which taken together are representative of the German historic vehicle market. To avoid distortion due to individual vehicles of especially high value, no pre-war vehicles are included in the calculation.

 

Graphics illustrating the German Classic Car Index:

 German Classic Car Index - Index development since 2003

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German Classic Car Index - Ranking

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German Classic Car Index - Country Indexes
 
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