The classic car market continued to grow in value in 2017, according to the latest figures from Historic Automobile Group International (HAGI).
The organisation’s HAGI Top Index, which tracks the prices of a broad range of classic marques, increased by 1.7% in value last year.
Classic Mercedes were 2017's best performer
While the figures are seemingly positive, 1.7% does constitute the smallest per annum growth rate since 1999. It is far below the 9% gains posted in 2015 and 2016,
HAGI urges investment-minded car collectors not to be too concerned with 2017's numbers.
“While transaction volumes and price advances have declined in 2017 there have been no signs of a deflating price bubble,” the company says.
Pick of the marques was Mercedes-Benz, which posted an 8.7% increase in value during the year.
The classic car market will be fascinating over the coming months. Keep on top of the news with our dedicated classic cars news section.
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