Mercedes-Benz classic cars offering better ROI than Ferrari – new report

Cars Crazy

Cars Crazy

2016-11-11 15:19:04

Classic car collectors looking for a return on their outlay should take note: Mercedes-Benz has been outperforming Ferrari and Porsche in 2016.

That's according to the latest figures from the Historic Auto Group's (HAGI) classic car indices.

HAGI's index of classic Mercs is up 6.4% in value so far this year, compared with 5.5% for Porsche and 3.0% for the Prancing Horse.

The news will shock many seasoned car collectors, who have grown used to Ferrari's dominance in terms of market performance. The Italian marque is still by far the most valuable of the three.

And while all three marques are seeing gains, the rate of growth suggests the classic car market is slowing down.

The HAGI Top index, which tracks the performance of the world's leading classics, is up 5.3% so far this year. A major boost will be needed in the final two months of the year if it is to reach the 17.6% gains posted last year, or the 25.1% rise seen in 2014.

"Demand hasn’t tailed off, but there has been a notable increase in supply,” explains Dietrich Hatlapa, HAGI's founder, in an interview with Classic Driver.

"There are more dealers, more auction houses, and more cars consigned to an increasing number of sales.”

Hatlapa also suggests collectors are becoming more discerning when it comes to quality.

"The data is telling us the value gap between a good example and a great one is becoming more pronounced," he explains.

 The record for a Merc is the $29.6m achieved by a 1954 W196 in 2013.

Image: Artcurial

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