Join Date: Mar 2012
Location: Burgess Hill
Vehicle: R170 320 previously R171 350 and CLK
Other Toys: 4 grandchildren
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The classic car market is all but unpredictable at the moment. Some barely adequate cars are fetching a premium, I presume it is thought a safe place to put money as there are never going to be any more of a particular model that went out of production before the war.
One thing which might hit prices of more modern cars is the fact that they are more modern. Whether a car can be kept mobile is one of the critical factors, rather ironically as most of the easily repaired prewar classics are kept in storage.
Against the SLK is the roof as this is perceived to be unreliable. All the protesting is for nought, perception is everything. So that might hold prices down a bit. Availability is another. There are lots of SLKs out there, even the oldest ones.
As a previous poster mentions, scarcity is an important factor. The 32AMG is almost certain to increase in price, if not in value, over the years. The same will not go for the 171 and 172 range toppers yet I don't think.
What I'd like to know is what's going to happen to the plebs with more mundane versions.
It is likely, given what's happened to other such cars, that the original model will have a certain favour. But condition is everything.
The trend for modern cars seems to be that a specific sporting model it drops into the hands of those less able to afford servicing and repairs, the latter especially to the body. Prices drop generally and despite those in good condition fetching a premium, the rubbish will bring down the price of the range to an extent.
The next stage is where the uncared for ones become unrepairable due to cost and so the pool reduces, those in fairly decent condition become more valuable and the ones in first class condition build a bigger gap between themselves and those that lacked a careful owner.
The moral is that if you buy a 170 now and keep it in excellent condition for, say, five or so years, depreciation will not be a factor in costs. The car is unlikely to go up in value to any great extent, but might keep in line with inflation.
There are many factors though that might affect prices. Legislation might keep older cars out of cities and this might well hit the non-premium classic cars quite badly.
Don't invest on my say so though. Even I don't.