Analysis this week from Hagerty’s Price Guide once again reveals a very rosy picture of the classic car market with a surprisingly high demand for ‘fair’ condition examples of classic cars. More classic cars are being sold this year compared to 2020, sell-through rate is up significantly compared with last year (80.5 per cent compared with 70.7 per cent). Average prices are on the up, the average sale price in 2020 was £38,984 and so far this year it’s recorded as £45,648. ‘Fair’ condition cars were most in demand Of the cars rated against the Hagerty Price Guide conditions, those of condition 4 ‘fair’ had the best sell-through rates at 81 per cent. Restoration cases were the worst; only 39.3 per cent of those sold.
Another interesting read this week comes via the SMMT , there article highlights the strength of the UK’s specialist vehicle sector , according to the SMMT the specialist vehicle sector here in the UK is the most diverse in the world. As in previous years, most of these vehicles were built for global export, with companies enjoying a more balanced overseas footprint than larger OEMs. 87% of the UK’s low volume, premium and specialist vehicles made in 2020 were exported to overseas markets, including the EU, US, Asia and Middle East.