HAGI classic car index rises 3.5% in June

June saw a newly galvanised classic car market experience its first significant growth of 2014, with the HAGI top benchmark increasing 3.5% - up to 3.4% for the year to date - a promising improvement on the year's previously disappointing results.

The year's slow level of growth represents no real cause for concern and is liable to speed up into July and August as a series of major sales take place in Europe and the US - including Monterey, Harrisburg and RM Auction's Motor City sale

Many observers see this year's more downbeat figures as a necessary correction following last year's record-breaking performance.


Ferrari 375
The recent sale of a Ferrari 375 Plus is likely to have galvanised the market

Porsche has been a rare success story in 2014 - up 7.6% in June and 10.1% for the year.

Ferrari's figure for the year remains lower than Porsche, although the marque experienced growth of 12.1% in June (considerably more than Porsche) - which raises it out of negative figures.

The recent sale of a 375 Plus at Goodwood is likely to have had a substantial impact on that new figure.

The Mercedes index has dropped to -1.36 for the year, although a dedicated Mercedes-Benz auction at Bonhams in Stuttgart today could well turn the marque's fortunes around.

Want to keep up to date with all the latest from the world of collecting? Sign up here for our free newsletter.

Featured products

Elvis Presley Authentic Strand of Hair
Elvis Presley Authentic Strand of Hair
Sale price£399
In stock
Fidel Castro signed certificateFidel Castro Signed Certificate
Fidel Castro signed certificate
Sale price£2,995
In stock
King Henry VIII Autographed DocumentKing Henry VIII Autographed Document
King Henry VIII Autographed Document
Sale price£55,000
In stock