Classic Car Market 2024/25

New data has revealed that almost every area of the classic car market experienced ‘price corrections’ in 2024. But it’s far from doom and gloom; market experts and representatives from the UK’s leading auction houses have shared their tips on cars they expect to buck the trend, plus alluring bargains set to emerge.

Hagerty’s market data shows that nearly half (46 per cent) of all the models covered in its UK Price Guide have dropped in value since December 2023, and 46.3 per cent remained static. However, as in many cases, prices were moving back to sustainable levels after the 2021–2023 post-Covid boom. Hagerty reckons the market remains generally healthy, with value drops not too dramatic overall, and events, restoration and sales companies reporting strong demand.

1960s cars – particularly British brands – have fallen most, with Hagerty’s Best of British index now sitting at 98 per cent of its value recorded when it was [...]