German classic car market is calming down

German classic car market is calming down

Prices of classic cars are stabilizing, at least in Germany. That is the outcome of the 2018-edition of the German VDA Oldtimer Index. The BMW 320 shows the highest increase in value this year.

The constant rise of classic car prices has come to an end in 2017. Over that year, the Oldtimer Index of VDA has risen just 1.4 percent to 2,552 points from 2,516 points in 2016.

That is less than the general rise of inflation of 1.8 percent. According to VDA, this is a clear signal that the classic car market is calming down.

Nevertheless, there are still cars soaring, like basically all BMW’s from the 1970’s.

Especially the E21 320 has gained the highest rise in value last year. Specifically, according to VDA, that is the six cilinder, like this one here.

The 635 CSI shows a similar rise in value.

On the long term, it’s the Volkswagen Transporter – Bulli in German – that shows the largest increase in value over the past ten years. Unfortunately, VDA does not give the exact percentages per car.

VDA Oldtimer Index
Rankings according to development of value 2016 – 2017

  Make Model Version Years of production
1 BMW  3-Series (E21) 320 (6-cylinder) 1977-1982
2  BMW  6-Series (E24)  635 CSi  1978-1981
3  Ford  Thunderbird  Cabrio  1955
4  Triumph  TR6  Cabrio (US-version)  1972-1976
5  VW/Porsche  914  2.0 Trg  1972-1975
6  Mercedes-Benz  R 107 SL  300 SL cabrio  1985-1989
7  Opel  Ascona B  1.6N  1975-1981
8  Lancia  Delta  HF Integrale  1988-1989
9  MG  MGB  MkIII cabriolet  1971-1974
10  Volkswagen  Golf GTI (II)  KAT 3TL  1987-1991

Source: VDA, Classic-Analytics

A remarkable entry in this list and probably typical for the German market is the Opel Ascona B. Prices for these cars are relatively low, but apparently, they have been rising. The Ascona can be a good car for starters in the classic car hobby.

 

 

Since 2008

The VDA, the German organization for the auto industry, came up with the oldtimer index in 2008. Over the past 10 years, the index shows a steady growth. In fact, since 2008 the index has gone up by 51 percent.

Copyright VDA, Classic Analytics

The index reflects the values of 88 vehicles that are considered representative of the classic car market in Germany. Prices are provided by Classic Analytics in Bochum, Germany.

 

 

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