Leading specialist classic car insurance firm Hagerty has named the cars it expects to increase in value in 2025.
The classics, which range from a humble first generation Toyota RAV4 to the exotic Ferrari F355, are listed in the Hagerty UK Bull Market report.
The list reveals the cars that the company feel are on the cusp of increased interest from the classic car movement, with each car given a range of prices to help potential buyers. The latest UK report is the fifth of its type.
Report collator and Hagerty UK Price Guide Editor, John Mayhead, said: “What makes the Bull Market different is we look at cars that are great to own, as well as being likely to rise in value.
“Sure there are some solid investment cars out there but, as enthusiasts, we want to recommend cars that can also be used and enjoyed, not tucked away in cotton wool.
“We also aim to select cars that are attainable, with something to suit most budgets, and this year’s list perfectly demonstrates that.
“The general rule of thumb is to buy a car with the heart, if you own something you love, any upside in value can be seen as the icing on a very enjoyable cake.”
2000-02 Subaru Impreza P1
Developed by Prodrive, the firm set out to create the ultimate Impreza for UK roads. The resulting Impreza P1 featured special bodywork refined by McLaren F1 designer Peter Stevens, while the car’s 2.0-litre EJ20 engine was tweaked by Prodrive’s engineers.
Prices have been rising strongly and are set to continue, believes Hagerty. Its September 2022 price guide listed ‘excellent’ examples at the £32,000 mark, and two years later this rose to £50,500.
Value range: #1 (Concours) – £72,500 #2 (Excellent) – £50,000 #3 (Good) – £38,500 #4 (Fair) – £25,000
1977–80 Rolls-Royce Silver Shadow II
Prices for one of Rolls-Royce’s most popular models have been relatively static for a long time. That is for cars in ‘excellent’ and lower condition, though; Hagerty has noticed that cars in #1 condition – or concours – have risen by over 20 per cent between December 2021 and today, leading to predictions that this will bump up less pristine cars.
The Shadow was a ground-breaking car for Rolls-Royce when it launched in 1965, as it was the first R-R to not be built on a separate chassis, and was designed more for the owner-driver rather than as a chauffeur-driven limousine. The Series II cars built between 1977 and 1980, featured a number of upgrades, such as improved suspension, more precise steering, and energy-absorbing rubber bumpers.
Value range: #1 – £28,700 #2 – £14,000 #3 – £8,700 #4 – £5,700
1994–99 Ferrari F355
Regarded by some as ‘peak’ Ferrari, the F355 is starting to rise in value. Hagerty’s Price Guide has recorded values rising by 6.2 per cent over the past three years, while US buyers are going mad for them. Cars fitted with a manual gearbox are very desirable, while cars fitted with options such as carbon seats and magnesium wheels are also in demand.
It pretty much ticks every box going, and has the benefit of being a nineties car – an increasingly fashionable era for car enthusiasts.
Value range (Berlinetta): #1 – £93,200 #2 – £73,300 #3 – £62,700 #4 – £50,600 (+ 4–6% for GTS; +8–13% for Spyder)
1965–69 Porsche 912
With the 912, Porsche offered customers more value for money by fitting it with a four- rather than a six-cylinder engine (as in the 911). Hagerty says the 912 isn’t expected to rise dramatically in value soon, but it currently represents excellent value for money.
Prices have dropped since their peak of around £125,000 for rare short wheelbase examples in 2022, with Hagerty #2 price sitting at £57,800. That’s for imported left-hand drive cars – UK right-hookers command higher prices.
Value range: #1 – £90,100 #2 – £57,800 #3 – £41,800 #4 – £27,900
2002–05 Alfa Romeo 147 GTA
The 147 GTA isn’t what you call an old car, but like many ‘modern classics’ it’s finding a new audience in the 2020s. Its 3.2-litre V6 ‘Busso’ engine is regarded as one of the best engines of its type ever, and it was shoe-horned into a handsome hatchback body that was suitably flared and enlarged to denote its sporting character.
The GTA is starting to become increasingly sought after by enthusiasts, and prices are following suit.
Value range: #1 – £20,500 #2 – £16,100 #3 – £11,600 #4 – £8,500
1994–2000 Toyota RAV4
Run-of-the-mill cars of the 1990s are becoming sought after by younger generations, no doubt helped by specific events that celebrate these types of cars such as Hagerty’s own annual Festival of the Unexceptional, for example.
The RAV4 was designed to be an off-road hot hatch, and when it launched in the mid-90s it was pretty much unique. It soon spawned a number of rivals, and while the RAV4 has since grown up and lost the original car’s quirky character, this has only sought to drive up interest in the first-generation model.
It’s becoming a rare car, and as such prices can top over £5,000 for mint examples.
Value range: #1 – £5,100 #2 – £3,300 #3 – £1,400 #4 – £600
1959–68 Austin-Healey 3000
Values of the big-engined Healey 3000 have been static for a while, which means in real terms the car is much more affordable than in the past.
Hagerty values the car between £22,900 and £70,000 as it offers a wonderful blend of typical classic British sports car styling, lusty six-cylinder power, and a comfortable ride. Typical buyers are baby boomers, but the Healey is starting to attract younger Millennials, too.
Value range (Mk I): #1 – £70,000 #2 – £44,400 #3 – £30,000 #4 – £22,900 (+13–25% for Mk III)
1992–98 Maserati Ghibli
The Ghibli was one of a family of ‘Biturbo’ Maseratis, all essentially using the same basic ingredients but aimed at different customers. The styling, penned by Marcello Gandini, is typically 1980s, the 2.0-litre engine pushes out a very potent 325bhp, and the interior is classically Italian and elegant – it’s an intoxicating mixture.
Prices are expected to rise, but the Ghibli is a classic case of you ‘pay for what you get’ – cheaper examples are tempting but will likely cost more in maintenance in the years to come.
Value range: #1 – £30,100 #2 – £20,700 #3 – £14,200 #4 – £9,400
1991–96 Peugeot 106 S1 Rallye
The charming and very characterful 106 S1 Rallye is currently great value compared to rival small hot hatches of the 1990s – and, indeed, the more famous 205 GTi – but this is expected to change.
The Rallye’s red interior carpets, racing stripes and simple white steel wheels are typically of their era, and as modern hot hatches are disappearing thick and fast, enthusiasts are looking at cars from the 1990s to scratch their dinky sporty cars itch.
Value range: #1 – £16,400 #2 – £12,400 #3 – £10,900 #4 – £8,900
1994–2002 Range Rover P38A
The P38A Range Rover has found a whole new enthusiast audience of late – Gen X. They love the car’s Layer Cake movie image, and how the second-generation Range Rover offers a lot of luxury and street cred for relatively little outlay.
With many cars being broken up to repair others, the P38A is becoming a rarer beast with every passing year. Special limited editions cars top £15,000 while rougher examples are priced well under £1,000. Values are expected to rise over the coming years, so now is the time to buy.
Value range: #1 – £7,400 #2 – £3,900 #3 – £1,500 #4 – £800
