Dealers say that buyers are switching to more efficient classics and a changing demographic is fuelling increased interest in modern classics
Specialists are saying that classic buyers are increasingly more interested in value for money than power and that outside factors such as Ultra Low Emission Zones (ULEZ) and the rising cost of living will likely have an increasing impact on classic purchases in 2024.
Danny O'Keeffe of Hampshire-based Bradley James Classics, which specialises in affordable 'everyman' cars, said that he is is already seeing owners seeking to downside their big-engined, less fuel-efficient classics and experiencing rising numbers of customer wanting to swap cars rather than part with hard cash.
Danny told CCW: ‘Austin and Rover Metros are already popular and I can see this trend spreading to the likes of Vauxhall Novas, Corsas and Fiestas. With Cortina prices heading north, Sierras and Cavaliers, Vectras and possibly Mondeos will also become more sought-after.
However national treasures such as MGBs and Morris Minors will always remain wanted.’ Having already sold a handful of MGs and Minors by mid-January, Richard How of RFH Cars agrees. The Herefordshire dealer said: ‘We wouldn't be surprised to see hot hatches taking off this year or that the fast Ford market notably cools off.’
Brian Barker of Craner Classics is another who relies on part exchanges. He said: ‘Customers like the ease of a one stop shop.’ His eclectic stock averages at around £10,000; a figure that he regards as the ballpark for any good classic and he also notes a shift towards more modern classics. The Notts-based dealer also tips Vauxhalls this year after recently taking in a collection of Luton's legends and unloaded a Carlton 3000 GSi in just three days.
However he added: ‘Vintage and veteran classics will become ever harder to shift this year, as the market moves towards newer eras that a younger enthusiast buying base can relate to.’
Steve Flint of Hallmark Cars said that today's classic buyer h
