HAGI Classic Car Index shows Mercedes up 2.5% year to date

As the classic car market faces corrections following record-breaking results in 2013, the HAGI Classic Car Index is now in negative territory for the first time since the start of the year.

There's much talk of Mercedes at the moment, with Bonhams due to hold a sale dedicated to the marque in July

Mercedes, still riding high following Bonhams' record sale of Juan Fangio's W196, is the only marque that is prospering, up 2.58% despite a decline of 2.75% in May.

Overall, the HAGI Top Index has fallen by 2.69% in May, making for a 0.06% decline since the start of the year.

However, while slightly stronger results were expected, prices were due to normalise after excitement fuelled huge bids last year.

The HAGI F Index, tracking classic Ferrari, is now showing a loss of 2.39% for the year to date, having fell by 4.52 points in May. Porsche also dropped, but has retained a 2.32% gain for the year.

The collector car world is still looking forward to the biggest sales of the summer, which will undoubtedly see an improvement on these figures.

Records are expected to be set at Pebble Beach in August, while Bonhams' sale at the Goodwood Festival of Speed promises strong bids in July.

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