TACH REPORT - Classic Car Valuations Winners and Loosers
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You can view the research in full here: https://www.confused.com/car-insurance/classic-car-report
The top 10 classic cars with the highest return on investment
The car with the greatest increase in its estimated value is the Ferrari F355, which has grown from $65,000 to $204,000, a total of 213.8%. The F355 was launched in 1994 as the successor to the 348, with a greater emphasis on performance and driveability in different environments.
Another Ferrari that has seen its value more than double in the last three years is the Testarossa, increasing from $114,000 to $241,000.The Ferrari Testarossa grew in value by 111.4% over the last few years.
The Lamborghini Miura and Ferrari F40 rank in joint third place. The Miura’s valuation has grown from $925,000 to $1.85 million, while for the Ferrari F40, prices have grown from $1.3 million to $2.6 million, both equal to 100%.
Further insights:
The world’s best classic car is the Lamborghini Miura, based on ROI, rarity and popularity.
The most popular classic car is the Nissan Skyline GT-R which saw 8.21 million searches in the last year.
The most popular classic car on social media is the Lamborghini Diablo with over 150,000 posts on Instagram and 14.6 billion views on TikTok.
“Classic cars are becoming an increasingly popular purchase among car enthusiasts and investors alike, with the price of rare models increasing faster than the price of gold! This means that investing in a classic car cannot only be a dream purchase for car fanatics, but also has the potential to be a lucrative investment for smart buyers. Although, it isn’t just the initial cost of the car they need to consider, as even the cheapest models could cost a lot more to run over time.
“When choosing which classic car to purchase it is important to note the cost of car insurance, as even if you don’t plan to drive your classic motor, by law it still requires insurance. If you are in the market for a classic car, we recommend comparing car insurance quotes to calculate how much you could be paying to insure it before making the commitment.”