Top 10 cars that will increase in value in 2023

“There are various factors that make a car collectable, and the Quattro Sport has plenty of them,” The sports car is “instantly recognisable and was aspirational when new”. Don’t expect a huge price rise, but do expect the value to ‘creep up’.

The Austin Seven provides “an inexpensive gateway into the vintage, pre-war car scene and also makes for a refreshing antidote to modern cars”. Price are rising but are said to be still ‘comparatively affordable’. The saloon is typically cheaper than the sports variants like the Ulster.

“In 2022, values have been steadily rising, and are now back to an average of £15,400,” says Hagerty. “They’re popular at auction, with 57 sold so far in 2022 – compared to 44 in the same period in 2021. It’s a slow riser but could be up to 2020 levels in the next 24 months.” 

“We’re expecting values to increase slightly, probably keeping pace with inflation. It could, however, benefit from some high-profile sales – like the Group B homologation BX 4 TC that sold at Artcurial in July for €77,480,” 

“The Fiesta’s an instantly recognisable classic and the prices of performance models, like the Supersport and XR2, are already rising,” says Hagerty. “Even for humbler cars like our 1.1 Popular Plus, prices are on the way up – a pre-Covid average of £3,625 has risen to £4,325, not much in monetary terms but still a 19 per cent increase.”

“Get ready for things to change. 45 per cent of owners are from Generation X (compared with 31 per cent across all cars), a group who are now at peak earning capacity and median quoted values have soared in 2022 from £214,000 last year to around £260,000 now.” Not a bad increase if you can afford one…

“This revered British sports car is more affordable here than in the US – a standard S2 can be bought for under £20,000, where the median quoted in the US is around £40,000, and has soared recently, up by 34 per cent in the last two years,” says Hagerty. 

Get your hands on a low mileage, big engine variant of this SL R129 and you could be in the money – especially if it has a great service history. “Prices have been on the rise for the cars that have been snapped up; the post-lockdown average of £14,550 has now risen to £17,475, a 20 per cent increase. Given its lineage and the obvious qualities a luxurious Mercedes roadster has to offer, the SL ticks many of the boxes that collectors look for.” 

“When we look at the 99 Turbo specifically, a different picture emerges. It shows a 20 per cent increase in value but remains a rarity.” Hagarty reckons a concours 99 Turbo will climb from its current value of £21,000 to £30,000 within a couple of years.

“Values of all Spitfires were relatively static for some time but have started to increase notably: quoted values are up 27 per cent in the past two years.”