Classic hot hatches see values rocket
The Best of British Index saw a few key cars on the list reduced in value, such as the Austin-Healey 100, the Sunbeam Tiger, and the Jaguar XK120, while the value of other key cars, like the Aston Martin DB5, remained relatively flat.
But over the past 12 months, the list was pulled up by a handful of cars that soared in value, including the Ford Sierra RS500 Cosworth that rose 41% in the last year alone.
Hagerty added the Ferrari 348, F355 and California models to the guide, all lower values in Ferrari terms which had an effect overall, and in the last 12 months, the F50 and Enzo were added which brought averages back up again.
Hagerty experts noted the 'upswing' was also aided by big changes in exchange rates. The Porsche Index peaked in late 2021, with big rises pretty much across the board but then dipped, which happened for different reasons to the Ferraris: Hagerty added a huge number of lower-valued models to the guide, including 996 and 997 Porsche 911s and some generations of the Boxster.
Even so, the average value has climbed back and continues to rise, and Porsches generally remain strong sellers.
John Mayhead, Editor of the UK Hagerty Price Guide, said, "Comparing these indices over time really shows what a diverse and complex place the classic car world is."